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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Empresa Nacional de Telecomunicaciones S.A.</name>
        <lei>529900N4SUIP0URJT330</lei>
        <title>Empresa Nacional de Telecomunicaciones S.A. </title>
        <cusip>P37115105</cusip>
        <identifiers>
          <isin value="CLP371151059"/>
        </identifiers>
        <balance>33783.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="792.81000000"/>
        <valUSD>133587.75000000</valUSD>
        <pctVal>0.283131872506</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>Dl Holdings Co Ltd</name>
        <lei>988400LJMYZ3ZOXJVE47</lei>
        <title>Daelim Industrial Company Ltd. </title>
        <cusip>Y1860N109</cusip>
        <identifiers>
          <isin value="KR7000210005"/>
        </identifiers>
        <balance>531.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>21740.08000000</valUSD>
        <pctVal>0.046076901204</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of Greece</name>
        <lei>529900SL3K21WAN6X611</lei>
        <title>Bank of Greece </title>
        <cusip>X06028108</cusip>
        <identifiers>
          <isin value="GRS004013009"/>
        </identifiers>
        <balance>3053.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92190000"/>
        <valUSD>55252.85000000</valUSD>
        <pctVal>0.117105369929</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Canara Bank</name>
        <lei>335800E4RH82Z8XC3C30</lei>
        <title>Canara Bank </title>
        <cusip>Y1081F109</cusip>
        <identifiers>
          <isin value="INE476A01014"/>
        </identifiers>
        <balance>43828.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>152425.36000000</valUSD>
        <pctVal>0.323057148535</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sichuan Road &amp; Bridge Group Co Ltd</name>
        <lei>3003007YDF25LKX9OI30</lei>
        <title>Sichuan Road &amp; Bridge Company Ltd. </title>
        <cusip>Y7932N100</cusip>
        <identifiers>
          <isin value="CNE000001DQ4"/>
        </identifiers>
        <balance>40186.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.86760000"/>
        <valUSD>80749.93000000</valUSD>
        <pctVal>0.171145025540</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tim S A</name>
        <lei>N/A</lei>
        <title>TIM Participacoes S.A. ADR</title>
        <cusip>88706T108</cusip>
        <identifiers>
          <isin value="US88706T1088"/>
        </identifiers>
        <balance>3800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>46968.00000000</valUSD>
        <pctVal>0.099546087031</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gulf Bnk Of Kuwait</name>
        <lei>254900600P224MZQZD69</lei>
        <title>Gulf Bank of Kuwait </title>
        <cusip>M5246Y104</cusip>
        <identifiers>
          <isin value="KW0EQ0100028"/>
        </identifiers>
        <balance>35641.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KWD" exchangeRt="0.30760000"/>
        <valUSD>34622.53000000</valUSD>
        <pctVal>0.073380543873</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>America Movil S.A.B. de C.V.</name>
        <lei>5493000FNR3UCEAONM59</lei>
        <title>America Movil SAB de C.V. ADR Series L</title>
        <cusip>02390A101</cusip>
        <identifiers>
          <isin value="US02390A1016"/>
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        <balance>5200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>109460.00000000</valUSD>
        <pctVal>0.231994436350</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>Petronet LNG Ltd.</name>
        <lei>335800KIIKNA7GRD9351</lei>
        <title>Petronet LNG Ltd </title>
        <cusip>Y68259103</cusip>
        <identifiers>
          <isin value="INE347G01014"/>
        </identifiers>
        <balance>21791.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>60816.68000000</valUSD>
        <pctVal>0.128897600925</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arab National Bank</name>
        <lei>213800CYWGYQVT1ZBQ57</lei>
        <title>Arab National Bank </title>
        <cusip>M1454X102</cusip>
        <identifiers>
          <isin value="SA0007879105"/>
        </identifiers>
        <balance>34774.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75320000"/>
        <valUSD>240113.02000000</valUSD>
        <pctVal>0.508906310389</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jastrzebska Spolka Weglowa SA</name>
        <lei>259400D4E0H5BGXNIK97</lei>
        <title>JASTRZEBSKA SPOLKA WEGLOWA SA </title>
        <cusip>X4038D103</cusip>
        <identifiers>
          <isin value="PLJSW0000015"/>
        </identifiers>
        <balance>2094.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="4.31470000"/>
        <valUSD>23024.27000000</valUSD>
        <pctVal>0.048798671122</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Petroleum &amp; Chemical Corp.</name>
        <lei>529900A2OB24EZ5B3J19</lei>
        <title>CHINA PETROLEUM &amp; CHEMICAL CORPORATION H SHARES</title>
        <cusip>Y15010104</cusip>
        <identifiers>
          <isin value="CNE1000002Q2"/>
        </identifiers>
        <balance>174000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>102680.05000000</valUSD>
        <pctVal>0.217624706049</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LG Balakrishna &amp; B</name>
        <lei>335800PS5A362RVJHP73</lei>
        <title>LG Balakrishnan &amp; Bros Ltd. </title>
        <cusip>Y5274P154</cusip>
        <identifiers>
          <isin value="INE337A01034"/>
        </identifiers>
        <balance>5423.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>49112.31000000</valUSD>
        <pctVal>0.104090833878</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PCC Rokita S.A.</name>
        <lei>2594003GVVF9U3PSDS82</lei>
        <title>PCC Rokita Spolka Akcyjna </title>
        <cusip>X6354J101</cusip>
        <identifiers>
          <isin value="PLPCCRK00076"/>
        </identifiers>
        <balance>2229.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="4.31470000"/>
        <valUSD>72481.63000000</valUSD>
        <pctVal>0.153620819455</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMMB Holdings Berhad</name>
        <lei>254900R0GQB7U67SCH62</lei>
        <title>AMMB Holdings Berhad </title>
        <cusip>Y0122P100</cusip>
        <identifiers>
          <isin value="MYL1015OO006"/>
        </identifiers>
        <balance>39100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.40750000"/>
        <valUSD>33353.42000000</valUSD>
        <pctVal>0.070690735184</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Datatec Ltd</name>
        <lei>213800AA36MIN5FWKV02</lei>
        <title>Datatec Limited </title>
        <cusip>S2100Z123</cusip>
        <identifiers>
          <isin value="ZAE000017745"/>
        </identifiers>
        <balance>32323.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.80370000"/>
        <valUSD>69135.72000000</valUSD>
        <pctVal>0.146529347643</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BBMG Corporation</name>
        <lei>529900T6R2GKVJ9Y2J16</lei>
        <title>BBMG Corporation 16</title>
        <cusip>Y076A3105</cusip>
        <identifiers>
          <isin value="CNE100000F20"/>
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        <balance>184000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>23927.22000000</valUSD>
        <pctVal>0.050712423874</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Lumena New M</name>
        <lei>N/A</lei>
        <title>China Lumena New Materials Cor </title>
        <cusip>G2160B100</cusip>
        <identifiers>
          <isin value="KYG2160B1005"/>
        </identifiers>
        <balance>1700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Seah Steel Holdings Corporation</name>
        <lei>N/A</lei>
        <title>SeAH Steel Holdings Corporation </title>
        <cusip>Y75491103</cusip>
        <identifiers>
          <isin value="KR7003030004"/>
        </identifiers>
        <balance>194.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>21620.44000000</valUSD>
        <pctVal>0.045823330818</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Petroleo Brasileiro SA</name>
        <lei>5493000J801JZRCMFE49</lei>
        <title>Petroleo Brasileiro S.A. ADR</title>
        <cusip>71654V101</cusip>
        <identifiers>
          <isin value="US71654V1017"/>
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        <balance>23700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>219936.00000000</valUSD>
        <pctVal>0.466142228696</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Taiwan Hon Chuan Enterprise</name>
        <lei>N/A</lei>
        <title>Taiwan Hon Chuan Enterprise Co., Ltd. </title>
        <cusip>Y8421M108</cusip>
        <identifiers>
          <isin value="TW0009939009"/>
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        <balance>11000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>35067.73000000</valUSD>
        <pctVal>0.074324120733</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Youngone Corp</name>
        <lei>N/A</lei>
        <title>Youngone Corporation </title>
        <cusip>Y9849C102</cusip>
        <identifiers>
          <isin value="KR7111770004"/>
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        <balance>1843.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>64649.21000000</valUSD>
        <pctVal>0.137020437003</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Siyaram Silk Mills Limited</name>
        <lei>335800ZRJXFRAURS2972</lei>
        <title>Siyaram Silk Mills Ltd. </title>
        <cusip>Y80656146</cusip>
        <identifiers>
          <isin value="INE076B01028"/>
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        <balance>16464.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>83667.19000000</valUSD>
        <pctVal>0.177327997305</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAH Sing Group Bhd</name>
        <lei>N/A</lei>
        <title>Mah Sing Group Bhd </title>
        <cusip>Y5418R108</cusip>
        <identifiers>
          <isin value="MYL8583OO006"/>
        </identifiers>
        <balance>252500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.40750000"/>
        <valUSD>33838.67000000</valUSD>
        <pctVal>0.071719195811</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Poly Property Group Co. Limited</name>
        <lei>N/A</lei>
        <title>Poly Property Group Co Ltd </title>
        <cusip>Y7064G105</cusip>
        <identifiers>
          <isin value="HK0119000674"/>
        </identifiers>
        <balance>268000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>58933.91000000</valUSD>
        <pctVal>0.124907173692</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Electronics Optics Valley Uni</name>
        <lei>N/A</lei>
        <title>China Electronics Optics Valley Union Holding Company Ltd.</title>
        <cusip>G2119Q109</cusip>
        <identifiers>
          <isin value="KYG2119Q1091"/>
        </identifiers>
        <balance>346735.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>15173.95000000</valUSD>
        <pctVal>0.032160350607</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dogan Sirketler Grubu Holding AS</name>
        <lei>789000J24Q4JM3H6UX22</lei>
        <title>Dogan Holdings </title>
        <cusip>M2810S100</cusip>
        <identifiers>
          <isin value="TRADOHOL91Q8"/>
        </identifiers>
        <balance>88473.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="19.18650000"/>
        <valUSD>43147.98000000</valUSD>
        <pctVal>0.091449765208</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Krbl Ltd</name>
        <lei>3358009OO1W5QCPVMV73</lei>
        <title>KRBL Ltd. </title>
        <cusip>Y4991N105</cusip>
        <identifiers>
          <isin value="INE001B01026"/>
        </identifiers>
        <balance>9890.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>41716.08000000</valUSD>
        <pctVal>0.088414932087</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cia De Saneamento Do Parana - Sanepar</name>
        <lei>N/A</lei>
        <title>Cia de Saneamento do Parana </title>
        <cusip>P3058Y103</cusip>
        <identifiers>
          <isin value="BRSAPRACNPR6"/>
        </identifiers>
        <balance>60000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.06790000"/>
        <valUSD>42976.38000000</valUSD>
        <pctVal>0.091086068467</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hyundai Home Shop</name>
        <lei>N/A</lei>
        <title>Hyundai Home Shopping Network </title>
        <cusip>Y3822J101</cusip>
        <identifiers>
          <isin value="KR7057050007"/>
        </identifiers>
        <balance>580.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>21510.21000000</valUSD>
        <pctVal>0.045589704410</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UPL Ltd.</name>
        <lei>335800RJSM1SLHO4UA95</lei>
        <title>UPL LTD </title>
        <cusip>Y9305P100</cusip>
        <identifiers>
          <isin value="INE628A01036"/>
        </identifiers>
        <balance>10733.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>93944.18000000</valUSD>
        <pctVal>0.199109511122</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gamania Digital Entertainment Co., Ltd.</name>
        <lei>N/A</lei>
        <title>Gamania Digital Entertainment Company Ltd. </title>
        <cusip>Y2679W108</cusip>
        <identifiers>
          <isin value="TW0006180003"/>
        </identifiers>
        <balance>75000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>180034.70000000</valUSD>
        <pctVal>0.381573622784</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tencent Holdings Limited</name>
        <lei>254900N4SLUMW4XUYY11</lei>
        <title>Tencent Holdings Ltd. </title>
        <cusip>G87572163</cusip>
        <identifiers>
          <isin value="KYG875721634"/>
        </identifiers>
        <balance>35300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>1725073.94000000</valUSD>
        <pctVal>3.656199126375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Greentown China Holdings Ltd.</name>
        <lei>529900BLBC6YDNWS8530</lei>
        <title>Greentown China Holdings Ltd. </title>
        <cusip>G4100M105</cusip>
        <identifiers>
          <isin value="KYG4100M1050"/>
        </identifiers>
        <balance>27000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>34944.97000000</valUSD>
        <pctVal>0.074063937679</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Communications Services Corp Ltd.</name>
        <lei>529900JCDRVQE6YZKT86</lei>
        <title>China Communications Services Corporation Ltd. </title>
        <cusip>Y1436A102</cusip>
        <identifiers>
          <isin value="CNE1000002G3"/>
        </identifiers>
        <balance>62000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>30507.94000000</valUSD>
        <pctVal>0.064659897172</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ISU Petasys</name>
        <lei>N/A</lei>
        <title>IsuPetasys Company Ltd. </title>
        <cusip>Y42113103</cusip>
        <identifiers>
          <isin value="KR7007660004"/>
        </identifiers>
        <balance>44465.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>340392.35000000</valUSD>
        <pctVal>0.721442822731</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vedanta Ltd.</name>
        <lei>335800XDKX9KB5EMCO07</lei>
        <title>Vedanta Limited </title>
        <cusip>Y9364D105</cusip>
        <identifiers>
          <isin value="INE205A01025"/>
        </identifiers>
        <balance>28782.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>96458.46000000</valUSD>
        <pctVal>0.204438388990</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Resources Land Limited</name>
        <lei>5299001HL0TU7X15HK51</lei>
        <title>China Resources Land Ltd. </title>
        <cusip>G2108Y105</cusip>
        <identifiers>
          <isin value="KYG2108Y1052"/>
        </identifiers>
        <balance>26000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>118398.79000000</valUSD>
        <pctVal>0.250939709031</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Beijing Enterprises Holdings Ltd.</name>
        <lei>529900896ODARUEY2V26</lei>
        <title>Beijing Enterprises Holdings </title>
        <cusip>Y07702122</cusip>
        <identifiers>
          <isin value="HK0392044647"/>
        </identifiers>
        <balance>54500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>196175.21000000</valUSD>
        <pctVal>0.415782544033</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Emirates NBD Bank PJSC</name>
        <lei>54930029BCN8HF3B1286</lei>
        <title>Emirates NBD Bank </title>
        <cusip>M4029Z107</cusip>
        <identifiers>
          <isin value="AEE000801010"/>
        </identifiers>
        <balance>76715.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.67270000"/>
        <valUSD>274510.24000000</valUSD>
        <pctVal>0.581809322137</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of China Limited</name>
        <lei>54930053HGCFWVHYZX42</lei>
        <title>Bank of China Limited </title>
        <cusip>Y0698A107</cusip>
        <identifiers>
          <isin value="CNE1000001Z5"/>
        </identifiers>
        <balance>1527000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>585397.01000000</valUSD>
        <pctVal>1.240716694465</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fubon Financial Holding Co. Ltd</name>
        <lei>549300G7Y2TS2XNIB476</lei>
        <title>Fubon Financial Holdings </title>
        <cusip>Y26528102</cusip>
        <identifiers>
          <isin value="TW0002881000"/>
        </identifiers>
        <balance>243538.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>451714.39000000</valUSD>
        <pctVal>0.957383750222</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Etihad Etisalat Co</name>
        <lei>2549007BA9ABDE3HVK79</lei>
        <title>Etihad Etisalat Company 23</title>
        <cusip>M4100E106</cusip>
        <identifiers>
          <isin value="SA000A0DM9P2"/>
        </identifiers>
        <balance>25542.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75320000"/>
        <valUSD>281656.10000000</valUSD>
        <pctVal>0.596954578514</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Xingda International Holdings Limited</name>
        <lei>213800SJEZ2WD4VQFS05</lei>
        <title>XINGDA INT'L HOLDINGS </title>
        <cusip>G9827V106</cusip>
        <identifiers>
          <isin value="KYG9827V1068"/>
        </identifiers>
        <balance>845606.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>179733.45000000</valUSD>
        <pctVal>0.380935140015</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chung Hwa Pulp</name>
        <lei>N/A</lei>
        <title>PRIMAX ELECTRONIC LTD </title>
        <cusip>Y1612Y106</cusip>
        <identifiers>
          <isin value="TW0001905008"/>
        </identifiers>
        <balance>18000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>35671.00000000</valUSD>
        <pctVal>0.075602718244</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gemdale Properties &amp; Inv Corp Ltd</name>
        <lei>N/A</lei>
        <title>GEMDALE PROPERTIES AND INVESTMENT CORP </title>
        <cusip>G3911S103</cusip>
        <identifiers>
          <isin value="BMG3911S1035"/>
        </identifiers>
        <balance>320000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>21947.38000000</valUSD>
        <pctVal>0.046516262127</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Imax China Holdings Inc</name>
        <lei>254900UPBAZQ2AIEQ396</lei>
        <title>IMAX China Holding, Inc. </title>
        <cusip>G47634103</cusip>
        <identifiers>
          <isin value="KYG476341030"/>
        </identifiers>
        <balance>20100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>19622.87000000</valUSD>
        <pctVal>0.041589591313</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Metal Products Co</name>
        <lei>N/A</lei>
        <title>China Metal Products </title>
        <cusip>Y14954104</cusip>
        <identifiers>
          <isin value="TW0001532000"/>
        </identifiers>
        <balance>23000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>26777.93000000</valUSD>
        <pctVal>0.056754346583</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of Jiangsu Co Ltd.</name>
        <lei>300300C1086832000046</lei>
        <title>Bank of Jiangsu Company Ltd. </title>
        <cusip>Y0698M101</cusip>
        <identifiers>
          <isin value="CNE100002G76"/>
        </identifiers>
        <balance>49000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.86760000"/>
        <valUSD>50150.90000000</valUSD>
        <pctVal>0.106292068134</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gloria Material Technology Corp.</name>
        <lei>N/A</lei>
        <title>Gloria Material Technology Corporation </title>
        <cusip>Y2726B107</cusip>
        <identifiers>
          <isin value="TW0005009005"/>
        </identifiers>
        <balance>39000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>65921.51000000</valUSD>
        <pctVal>0.139717006722</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sinotrans Ltd.</name>
        <lei>5299005U1RZLKVFWR249</lei>
        <title>Sinotrans Limited </title>
        <cusip>Y6145J104</cusip>
        <identifiers>
          <isin value="CNE1000004F1"/>
        </identifiers>
        <balance>66000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>20449.33000000</valUSD>
        <pctVal>0.043341227727</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DB Insurance Co Ltd.</name>
        <lei>9884000ZF26VNJBWSJ91</lei>
        <title>Dongbu Insurance Company Ltd. </title>
        <cusip>Y2096K109</cusip>
        <identifiers>
          <isin value="KR7005830005"/>
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        <balance>1012.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>58042.24000000</valUSD>
        <pctVal>0.123017328278</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kumho Engineering &amp; Consruct Co Ltd</name>
        <lei>N/A</lei>
        <title>Kumho Industrial Co Ltd </title>
        <cusip>Y5044R100</cusip>
        <identifiers>
          <isin value="KR7002990000"/>
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        <balance>4265.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>20345.54000000</valUSD>
        <pctVal>0.043121250543</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASE Technology Holding Co Ltd</name>
        <lei>300300GO8QHPMV87NZ73</lei>
        <title>ASE Industrial Holding Co. Ltd. ADR</title>
        <cusip>00215W100</cusip>
        <identifiers>
          <isin value="US00215W1009"/>
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        <balance>46700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>372199.00000000</valUSD>
        <pctVal>0.788855264162</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>Maharashtra Scoot</name>
        <lei>N/A</lei>
        <title>Maharashtra Scooters Ltd </title>
        <cusip>Y54045110</cusip>
        <identifiers>
          <isin value="INE288A01013"/>
        </identifiers>
        <balance>743.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>38325.45000000</valUSD>
        <pctVal>0.081228678701</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Empresas CMPC SA</name>
        <lei>N/A</lei>
        <title>Empresas CMPC S.A. </title>
        <cusip>P3712V107</cusip>
        <identifiers>
          <isin value="CL0000001314"/>
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        <balance>48326.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="792.81000000"/>
        <valUSD>80973.07000000</valUSD>
        <pctVal>0.171617958470</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>Kt Skylife Co Ltd</name>
        <lei>N/A</lei>
        <title>KT Skylife Co Ltd </title>
        <cusip>Y498CM107</cusip>
        <identifiers>
          <isin value="KR7053210001"/>
        </identifiers>
        <balance>3768.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>22557.92000000</valUSD>
        <pctVal>0.047810268003</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grape King Bio Ltd</name>
        <lei>N/A</lei>
        <title>Grape King Bio Ltd. </title>
        <cusip>Y2850Y105</cusip>
        <identifiers>
          <isin value="TW0001707008"/>
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        <balance>4000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>23606.83000000</valUSD>
        <pctVal>0.050033374930</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LS Corp</name>
        <lei>988400SQWZ34LADYL505</lei>
        <title>LS Corp </title>
        <cusip>Y5S41B108</cusip>
        <identifiers>
          <isin value="KR7006260004"/>
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        <balance>468.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>28587.66000000</valUSD>
        <pctVal>0.060589969562</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hisense Home Appliances Group Co Limited</name>
        <lei>529900PRGESPUBUBN103</lei>
        <title>Hisense Home Appliances Group </title>
        <cusip>Y3226R105</cusip>
        <identifiers>
          <isin value="CNE100000353"/>
        </identifiers>
        <balance>160000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>276381.68000000</valUSD>
        <pctVal>0.585775736060</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jagran Prakashan Ltd</name>
        <lei>N/A</lei>
        <title>Jagran Prakashan Ltd </title>
        <cusip>Y42140114</cusip>
        <identifiers>
          <isin value="INE199G01027"/>
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        <balance>30317.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>26826.86000000</valUSD>
        <pctVal>0.056858051020</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chicony Electronics Co Ltd.</name>
        <lei>254900JBP5GB5B1IHS51</lei>
        <title>CHICONY EKECTRONICS CO., LTD </title>
        <cusip>Y1364B106</cusip>
        <identifiers>
          <isin value="TW0002385002"/>
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        <balance>10000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>31196.81000000</valUSD>
        <pctVal>0.066119919165</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
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      <invstOrSec>
        <name>Coal India Ltd.</name>
        <lei>335800NLJQZNHM9LBB31</lei>
        <title>Coal India Ltd. </title>
        <cusip>Y1668L107</cusip>
        <identifiers>
          <isin value="INE522F01014"/>
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        <balance>85931.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>224101.48000000</valUSD>
        <pctVal>0.474970733947</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Alliance Bank Malaysia Berhad</name>
        <lei>2JJF46RULNMN5RTBEC18</lei>
        <title>Alliance Bank Malaysia Berhad </title>
        <cusip>Y0034W102</cusip>
        <identifiers>
          <isin value="MYL2488OO004"/>
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        <balance>61900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.40750000"/>
        <valUSD>47840.25000000</valUSD>
        <pctVal>0.101394772826</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Huaibei Mining Holdings Co Ltd</name>
        <lei>N/A</lei>
        <title>Huaibei Mining Holdings Company Ltd. </title>
        <cusip>Y013A7109</cusip>
        <identifiers>
          <isin value="CNE000001HH4"/>
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        <balance>32500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.86760000"/>
        <valUSD>64149.35000000</valUSD>
        <pctVal>0.135961011287</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bank Mandiri (Persero) Tbk PT</name>
        <lei>549300RSKQN4Z5ZSGH94</lei>
        <title>BANK MANDIRI PERSERO TBK </title>
        <cusip>Y7123S108</cusip>
        <identifiers>
          <isin value="ID1000095003"/>
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        <balance>75200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14980.00000000"/>
        <valUSD>51836.34000000</valUSD>
        <pctVal>0.109864265309</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ton Yi Industrial Corp</name>
        <lei>N/A</lei>
        <title>Ton Yi Insudtrial Corp. </title>
        <cusip>Y8895R104</cusip>
        <identifiers>
          <isin value="TW0009907006"/>
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        <balance>112000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>71032.94000000</valUSD>
        <pctVal>0.150550400855</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Agricultural Bank of China Ltd.</name>
        <lei>549300E7TSGLCOVSY746</lei>
        <title>Agricultural Bank of China Ltd. </title>
        <cusip>Y00289119</cusip>
        <identifiers>
          <isin value="CNE100000Q43"/>
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        <balance>304000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>112578.24000000</valUSD>
        <pctVal>0.238603374146</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Noble Development</name>
        <lei>N/A</lei>
        <title>Noble Development PCL Warrants </title>
        <cusip>Y6382J122</cusip>
        <identifiers>
          <isin value="TH0564054102"/>
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        <balance>14775.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.20600000"/>
        <valUSD>125.26000000</valUSD>
        <pctVal>0.000265481665</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>BBH</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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              <otherRefInst>
                <issuerName>Noble Development</issuerName>
                <issueTitle>Noble Development PCL Warrants</issueTitle>
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                  <isin value="TH0564054102"/>
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            <shareNo>14775</shareNo>
            <exercisePrice>8.2</exercisePrice>
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            <delta>XXXX</delta>
            <unrealizedAppr>125.26000000</unrealizedAppr>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KB Financial Group</name>
        <lei>529900TKE4MXG3Q6GW86</lei>
        <title>KB Financial Group, Inc. ADR</title>
        <cusip>48241A105</cusip>
        <identifiers>
          <isin value="US48241A1051"/>
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        <balance>1300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>47346.00000000</valUSD>
        <pctVal>0.100347237195</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>Bajaj Auto Limited</name>
        <lei>335800DLAO5NCNN8G863</lei>
        <title>Bajaj Auto Ltd. </title>
        <cusip>Y05490100</cusip>
        <identifiers>
          <isin value="INE917I01010"/>
        </identifiers>
        <balance>1068.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>50543.17000000</valUSD>
        <pctVal>0.107123462776</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>The Keepers Holding Inc</name>
        <lei>N/A</lei>
        <title>Keepers Holdings, Inc. (The) </title>
        <cusip>Y4630V104</cusip>
        <identifiers>
          <isin value="PHY4630V1045"/>
        </identifiers>
        <balance>1071554.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="54.28000000"/>
        <valUSD>30677.56000000</valUSD>
        <pctVal>0.065019397412</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>S-Oil Corp.</name>
        <lei>988400QTUXYDN8W3MZ32</lei>
        <title>S-OIL CORP </title>
        <cusip>Y80710109</cusip>
        <identifiers>
          <isin value="KR7010950004"/>
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        <balance>1171.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>71907.98000000</valUSD>
        <pctVal>0.152404999901</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Shenhua Energy Co Ltd.</name>
        <lei>529900N9JOX4C108MA40</lei>
        <title>China Shenhua Energy </title>
        <cusip>Y1504C121</cusip>
        <identifiers>
          <isin value="CNE100000767"/>
        </identifiers>
        <balance>9300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.86760000"/>
        <valUSD>38128.88000000</valUSD>
        <pctVal>0.080812059421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rashtriya Chemicals And Fertilizers Limited</name>
        <lei>335800HGCBDTFT4VGO94</lei>
        <title>Rashtriya Chemicals &amp; Fertilizers Ltd. </title>
        <cusip>Y7197K114</cusip>
        <identifiers>
          <isin value="INE027A01015"/>
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        <balance>21227.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>24749.74000000</valUSD>
        <pctVal>0.052455709675</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DCB Bank Limited</name>
        <lei>549300HLUOQ4ZGINVI30</lei>
        <title>DCB Bank Ltd. </title>
        <cusip>Y2051L134</cusip>
        <identifiers>
          <isin value="INE503A01015"/>
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        <balance>26980.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>35119.40000000</valUSD>
        <pctVal>0.074433632449</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhengzhou Coal Min</name>
        <lei>300300PYAQHLZLU5N973</lei>
        <title>Zhengzhou Coal Mining Machiner </title>
        <cusip>Y98949111</cusip>
        <identifiers>
          <isin value="CNE100001LY0"/>
        </identifiers>
        <balance>20000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>20149.96000000</valUSD>
        <pctVal>0.042706729514</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Poongsan Corp</name>
        <lei>2549007P08ZD5QJS1369</lei>
        <title>Poongsan Corporation </title>
        <cusip>Y7021M104</cusip>
        <identifiers>
          <isin value="KR7103140000"/>
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        <balance>1013.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>29352.75000000</valUSD>
        <pctVal>0.062211535643</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Turk Hava Yollari AO</name>
        <lei>789000EV8M3BL7ZPFB03</lei>
        <title>Turk Hava Yollari Anonim Ortakligi </title>
        <cusip>M8926R100</cusip>
        <identifiers>
          <isin value="TRATHYAO91M5"/>
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        <balance>5579.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="19.18650000"/>
        <valUSD>34535.05000000</valUSD>
        <pctVal>0.073195134835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banco Del Bajio, S.A., Institucion De Banca</name>
        <lei>4469000001BD95FFLY16</lei>
        <title>Banco del Bajio SA </title>
        <cusip>P1R2ZN117</cusip>
        <identifiers>
          <isin value="MX41BB000000"/>
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        <balance>20400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="18.02240000"/>
        <valUSD>74197.67000000</valUSD>
        <pctVal>0.157257871644</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Oil Company Lukoil PJSC </name>
        <lei>549300LCJ1UJXHYBWI24</lei>
        <title>LUKOIL ADR</title>
        <cusip>69343P105</cusip>
        <identifiers>
          <isin value="US69343P1057"/>
        </identifiers>
        <balance>2253.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GD Power Development Corp Ltd.</name>
        <lei>300300BVGPH64Z7BNK97</lei>
        <title>GD Power Development Company Ltd. </title>
        <cusip>Y1964L108</cusip>
        <identifiers>
          <isin value="CNE000000PC0"/>
        </identifiers>
        <balance>72400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.86760000"/>
        <valUSD>40113.03000000</valUSD>
        <pctVal>0.085017355976</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hana Financial Group Inc</name>
        <lei>N/A</lei>
        <title>Hana Financial Group, Inc. </title>
        <cusip>Y29975102</cusip>
        <identifiers>
          <isin value="KR7086790003"/>
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        <balance>4703.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>146836.33000000</valUSD>
        <pctVal>0.311211507528</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DONWONG F&amp;B CO., LTD</name>
        <lei>N/A</lei>
        <title>DONWONG F&amp;B CO., LTD </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7049770001"/>
        </identifiers>
        <balance>233.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>28636.57000000</valUSD>
        <pctVal>0.060693631611</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>Pou Chen Corp.</name>
        <lei>25490027LIXQ7W4PBH18</lei>
        <title>Pou Chen Corporation </title>
        <cusip>Y70786101</cusip>
        <identifiers>
          <isin value="TW0009904003"/>
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        <balance>116000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>118820.99000000</valUSD>
        <pctVal>0.251834538659</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Oil and Natural Gas Corp Ltd.</name>
        <lei>335800FPDZ9MRSNO7N41</lei>
        <title>Oil &amp; Natural Gas Corp Ltd </title>
        <cusip>Y64606133</cusip>
        <identifiers>
          <isin value="INE213A01029"/>
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        <balance>135549.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>249915.30000000</valUSD>
        <pctVal>0.529681702529</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Industrial Bank Co Ltd.</name>
        <lei>300300C1030935001303</lei>
        <title>Industrial Bank Co.,Ltd. </title>
        <cusip>Y3990D100</cusip>
        <identifiers>
          <isin value="CNE000001QZ7"/>
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        <balance>19100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.86760000"/>
        <valUSD>47043.93000000</valUSD>
        <pctVal>0.099707016481</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chongqing Rural Commercial Bank Co Ltd.</name>
        <lei>300300C1126750000027</lei>
        <title>CHONGQING RURAL COMMERCIAL BANK CO., LTD. </title>
        <cusip>Y1594G107</cusip>
        <identifiers>
          <isin value="CNE100000X44"/>
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        <balance>67000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>24422.39000000</valUSD>
        <pctVal>0.051761909395</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>China Lilang Ltd</name>
        <lei>529900RGE4X7UQNW6Y22</lei>
        <title>China Lilang Ltd. </title>
        <cusip>G21141109</cusip>
        <identifiers>
          <isin value="KYG211411098"/>
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        <balance>44000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>21803.93000000</valUSD>
        <pctVal>0.046212227759</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wilson Bayly Holmes-Ovcon Ltd</name>
        <lei>N/A</lei>
        <title>Wilson Bayly Holmes-Ovcon Ltd </title>
        <cusip>S5923H105</cusip>
        <identifiers>
          <isin value="ZAE000009932"/>
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        <balance>6925.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.80370000"/>
        <valUSD>41152.40000000</valUSD>
        <pctVal>0.087220243399</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Samsung Electronics Co Ltd</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>Samsung Electronics Company Ltd. Preferred</title>
        <cusip>Y74718118</cusip>
        <identifiers>
          <isin value="KR7005931001"/>
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        <balance>6309.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>261732.30000000</valUSD>
        <pctVal>0.554727182652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mobile Telecommunication Systems</name>
        <lei>N/A</lei>
        <title>Mobile Tel Systems </title>
        <cusip>M7034R101</cusip>
        <identifiers>
          <isin value="KW0EQ0601058"/>
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        <balance>72798.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KWD" exchangeRt="0.30760000"/>
        <valUSD>128104.62000000</valUSD>
        <pctVal>0.271510680712</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Oriental Hldgs Bhd</name>
        <lei>549300WBMDZXMUQT2I82</lei>
        <title>Oriental Holdings BHD </title>
        <cusip>Y65053103</cusip>
        <identifiers>
          <isin value="MYL4006OO002"/>
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        <balance>57000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.40750000"/>
        <valUSD>85914.46000000</valUSD>
        <pctVal>0.182090962196</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eurobank Ergasias Services and Holdings S.A.</name>
        <lei>JEUVK5RWVJEN8W0C9M24</lei>
        <title>Eurobank Ergasias SA </title>
        <cusip>X2321W101</cusip>
        <identifiers>
          <isin value="GRS323003012"/>
        </identifiers>
        <balance>17524.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92190000"/>
        <valUSD>23223.66000000</valUSD>
        <pctVal>0.049221267236</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Randon Sa Implementos E Participacao SA</name>
        <lei>N/A</lei>
        <title>Randon SA </title>
        <cusip>P7988W103</cusip>
        <identifiers>
          <isin value="BRRAPTACNPR4"/>
        </identifiers>
        <balance>38100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.06790000"/>
        <valUSD>56459.48000000</valUSD>
        <pctVal>0.119662755702</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Yongda Automobiles Ser</name>
        <lei>529900G4APWIO18G0C95</lei>
        <title>China Yongda Automobiles Services Holdings Limited 50</title>
        <cusip>G2162W102</cusip>
        <identifiers>
          <isin value="KYG2162W1024"/>
        </identifiers>
        <balance>36000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>25574.43000000</valUSD>
        <pctVal>0.054203594672</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Samsung Sds Co Ltd</name>
        <lei>N/A</lei>
        <title>SAMSUNG SDS COMPANY LTD. </title>
        <cusip>Y7T72C103</cusip>
        <identifiers>
          <isin value="KR7018260000"/>
        </identifiers>
        <balance>1770.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>157799.91000000</valUSD>
        <pctVal>0.334448211004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dongkuk Steel Mill Co Ltd</name>
        <lei>N/A</lei>
        <title>Dongkuk Steel Mill Co., Ltd. </title>
        <cusip>Y20954106</cusip>
        <identifiers>
          <isin value="KR7001230002"/>
        </identifiers>
        <balance>2167.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>20324.33000000</valUSD>
        <pctVal>0.043076297118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tianneng Power International Limited.</name>
        <lei>N/A</lei>
        <title>Tianneng Power International L </title>
        <cusip>G8655K109</cusip>
        <identifiers>
          <isin value="KYG8655K1094"/>
        </identifiers>
        <balance>172000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>203711.46000000</valUSD>
        <pctVal>0.431755210495</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Compeq Manufacturing</name>
        <lei>N/A</lei>
        <title>COMPEQ MANUFACTURING CO LTD </title>
        <cusip>Y1690B101</cusip>
        <identifiers>
          <isin value="TW0002313004"/>
        </identifiers>
        <balance>32000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>48799.06000000</valUSD>
        <pctVal>0.103426917770</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Metalurgica Gerdau</name>
        <lei>N/A</lei>
        <title>Metalurgica Gerdau SA </title>
        <cusip>P4834C118</cusip>
        <identifiers>
          <isin value="BRGOAUACNPR8"/>
        </identifiers>
        <balance>15400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.06790000"/>
        <valUSD>36009.00000000</valUSD>
        <pctVal>0.076319090613</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SL Corporation</name>
        <lei>N/A</lei>
        <title>SL Corp. </title>
        <cusip>Y7469Y107</cusip>
        <identifiers>
          <isin value="KR7005850003"/>
        </identifiers>
        <balance>1287.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>27679.87000000</valUSD>
        <pctVal>0.058665958696</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Canvest Environmental Protection Group Co Ltd</name>
        <lei>549300Q690U1BR82UX43</lei>
        <title>Canvest Environmen </title>
        <cusip>G18322100</cusip>
        <identifiers>
          <isin value="KYG183221004"/>
        </identifiers>
        <balance>45000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>20797.01000000</valUSD>
        <pctVal>0.044078116323</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Taiwan Semiconductor Manufacturing Co., Ltd.</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>Taiwan Semiconductor Manufacturing Company Ltd. ADR</title>
        <cusip>874039100</cusip>
        <identifiers>
          <isin value="US8740391003"/>
        </identifiers>
        <balance>29450.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2739439.00000000</valUSD>
        <pctVal>5.806089957255</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>Radiant Opto-Electronics Corporation</name>
        <lei>N/A</lei>
        <title>RADIANT OPTO-ELECTRONICS </title>
        <cusip>Y7174K103</cusip>
        <identifiers>
          <isin value="TW0006176001"/>
        </identifiers>
        <balance>10000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>36266.57000000</valUSD>
        <pctVal>0.076864996030</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dmci Hldgs Inc</name>
        <lei>N/A</lei>
        <title>DMCI Holdings, Inc. </title>
        <cusip>Y2088F100</cusip>
        <identifiers>
          <isin value="PHY2088F1004"/>
        </identifiers>
        <balance>719300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="54.28000000"/>
        <valUSD>152705.28000000</valUSD>
        <pctVal>0.323650423545</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HMM Company Limited</name>
        <lei>N/A</lei>
        <title>HMM Company Limited </title>
        <cusip>Y3843P102</cusip>
        <identifiers>
          <isin value="KR7011200003"/>
        </identifiers>
        <balance>6939.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>108774.15000000</valUSD>
        <pctVal>0.230540815080</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Guangzhou Pharmaceutical Holdings Ltd.</name>
        <lei>529900ROARJHMUIME057</lei>
        <title>GUANGZHOU BAIYENSHAN PHARMACEUTICALS HOLDINGS CO. </title>
        <cusip>Y2932P106</cusip>
        <identifiers>
          <isin value="CNE100000387"/>
        </identifiers>
        <balance>44000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>135644.00000000</valUSD>
        <pctVal>0.287489981037</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Consun Pharmaceutical Group Limited</name>
        <lei>300300LQFLNDZZHCNN43</lei>
        <title>Consun Pharmaceutical Group Lt </title>
        <cusip>G2524A103</cusip>
        <identifiers>
          <isin value="KYG2524A1031"/>
        </identifiers>
        <balance>370492.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>226006.65000000</valUSD>
        <pctVal>0.479008636745</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kia Corp.</name>
        <lei>988400V8MJK9N7OI5X76</lei>
        <title>Kia Motors Corporation </title>
        <cusip>Y47601102</cusip>
        <identifiers>
          <isin value="KR7000270009"/>
        </identifiers>
        <balance>4750.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>295519.08000000</valUSD>
        <pctVal>0.626336400469</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Axis Bank Ltd.</name>
        <lei>549300HVNWMJPOFVNI41</lei>
        <title>Axis Bank Ltd. </title>
        <cusip>05462W109</cusip>
        <identifiers>
          <isin value="US05462W1099"/>
        </identifiers>
        <balance>2068.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>108014.33000000</valUSD>
        <pctVal>0.228930418473</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>Blue Bird Tbk Pt</name>
        <lei>N/A</lei>
        <title>Blue Bird Tbk P.T. </title>
        <cusip>Y7140H101</cusip>
        <identifiers>
          <isin value="ID1000132707"/>
        </identifiers>
        <balance>415800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14980.00000000"/>
        <valUSD>48510.44000000</valUSD>
        <pctVal>0.102815203589</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>APT Satellite Hldg</name>
        <lei>N/A</lei>
        <title>APT Satellite Holdings Ltd </title>
        <cusip>G0438M106</cusip>
        <identifiers>
          <isin value="BMG0438M1064"/>
        </identifiers>
        <balance>654000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>205208.92000000</valUSD>
        <pctVal>0.434928994422</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SSY Group Ltd</name>
        <lei>N/A</lei>
        <title>SSY GROUP LIMITED </title>
        <cusip>G8406X103</cusip>
        <identifiers>
          <isin value="KYG8406X1034"/>
        </identifiers>
        <balance>438000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>264095.82000000</valUSD>
        <pctVal>0.559736533011</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SABIC Agri-Nutrients Co</name>
        <lei>N/A</lei>
        <title>SABIC Agri-Nutrients Company </title>
        <cusip>M8T36M107</cusip>
        <identifiers>
          <isin value="SA0007879139"/>
        </identifiers>
        <balance>8395.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75320000"/>
        <valUSD>286233.78000000</valUSD>
        <pctVal>0.606656718943</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gentera SAB de CV</name>
        <lei>N/A</lei>
        <title>Gentera SAB de CV </title>
        <cusip>P4831V101</cusip>
        <identifiers>
          <isin value="MX01GE0E0004"/>
        </identifiers>
        <balance>128400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="18.02240000"/>
        <valUSD>140779.47000000</valUSD>
        <pctVal>0.298374326624</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>Intops Co</name>
        <lei>N/A</lei>
        <title>Intops Co., Ltd. </title>
        <cusip>Y4175V105</cusip>
        <identifiers>
          <isin value="KR7049070006"/>
        </identifiers>
        <balance>2041.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>55837.87000000</valUSD>
        <pctVal>0.118345287572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Youngor Group Co Ltd.</name>
        <lei>300300PRWK21S8R8F317</lei>
        <title>Youngor Group Company Ltd. </title>
        <cusip>Y9858M108</cusip>
        <identifiers>
          <isin value="CNE000000XR2"/>
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        <balance>103400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.86760000"/>
        <valUSD>98212.87000000</valUSD>
        <pctVal>0.208156764279</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Faisal Islamic Ban</name>
        <lei>549300GDVJ4IYOMUZP32</lei>
        <title>Faisal Islamic Bank of Egypt </title>
        <cusip>M4194A101</cusip>
        <identifiers>
          <isin value="EGS60321C014"/>
        </identifiers>
        <balance>23957.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EGP" exchangeRt="30.80150000"/>
        <valUSD>21835.93000000</valUSD>
        <pctVal>0.046280049995</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Huaku Development</name>
        <lei>N/A</lei>
        <title>Huaku Development Co. Ltd </title>
        <cusip>Y3742X107</cusip>
        <identifiers>
          <isin value="TW0002548005"/>
        </identifiers>
        <balance>8000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>24358.66000000</valUSD>
        <pctVal>0.051626837172</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PLDT Inc.</name>
        <lei>254900ADE8GQHM5P2648</lei>
        <title>PDLT, Inc. ADR</title>
        <cusip>69344D408</cusip>
        <identifiers>
          <isin value="US69344D4088"/>
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        <balance>1000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25250.00000000</valUSD>
        <pctVal>0.053515983170</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>Redington Ltd.</name>
        <lei>335800DTFNX7F2LM5227</lei>
        <title>Redington India Ltd </title>
        <cusip>Y72020111</cusip>
        <identifiers>
          <isin value="INE891D01026"/>
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        <balance>140197.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>285482.53000000</valUSD>
        <pctVal>0.605064485978</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ciech Sa</name>
        <lei>259400GYHYZPQ0HTMT82</lei>
        <title>CIECH SA </title>
        <cusip>X14305100</cusip>
        <identifiers>
          <isin value="PLCIECH00018"/>
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        <balance>2180.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="4.31470000"/>
        <valUSD>29287.10000000</valUSD>
        <pctVal>0.062072394087</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shinhan Financial Group Co Ltd</name>
        <lei>988400EB8A6G49E5KO54</lei>
        <title>Shinhan Financial Group Company Ltd. ADR</title>
        <cusip>824596100</cusip>
        <identifiers>
          <isin value="US8245961003"/>
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        <balance>4700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>126618.00000000</valUSD>
        <pctVal>0.268359871567</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>Youngone Holdings</name>
        <lei>N/A</lei>
        <title>YOUNGONE HOLDINGS CO LTD </title>
        <cusip>Y98573101</cusip>
        <identifiers>
          <isin value="KR7009970005"/>
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        <balance>1443.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>71088.19000000</valUSD>
        <pctVal>0.150667500184</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sinopec Engineering (Group) Co Ltd</name>
        <lei>529900MZVFFC7D57VV51</lei>
        <title>Sinopec Engineering Group Company, Ltd. </title>
        <cusip>Y80359105</cusip>
        <identifiers>
          <isin value="CNE100001NV2"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>24851.60000000</valUSD>
        <pctVal>0.052671596331</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Indorama Ventures Public Co Ltd.</name>
        <lei>N/A</lei>
        <title>Indorama Ventures PCL </title>
        <cusip>Y39742104</cusip>
        <identifiers>
          <isin value="TH1027010004"/>
        </identifiers>
        <balance>66400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.20600000"/>
        <valUSD>67071.40000000</valUSD>
        <pctVal>0.142154135193</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Industrial Urban Development Group Limited</name>
        <lei>N/A</lei>
        <title>Shanghai Industrial Urban Development Group Ltd. </title>
        <cusip>G8065B103</cusip>
        <identifiers>
          <isin value="BMG8065B1037"/>
        </identifiers>
        <balance>99862.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>6302.06000000</valUSD>
        <pctVal>0.013356868788</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yangtze Optical Fibre &amp; Cable Joint Stock Ltd Co.</name>
        <lei>52990001VWJO1YB9S047</lei>
        <title>Yangtze Optical Fibre and Cable Joint Stock Ltd. Company</title>
        <cusip>Y9737F100</cusip>
        <identifiers>
          <isin value="CNE100001T72"/>
        </identifiers>
        <balance>89500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>184415.86000000</valUSD>
        <pctVal>0.390859249906</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Daewon Pharmaceutical Co Ltd</name>
        <lei>N/A</lei>
        <title>Daewon Pharmaceutical Co Ltd </title>
        <cusip>Y1872L109</cusip>
        <identifiers>
          <isin value="KR7003220001"/>
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        <balance>8238.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>91199.56000000</valUSD>
        <pctVal>0.193292440321</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LG Uplus Corp.</name>
        <lei>N/A</lei>
        <title>LG Uplus Corp. </title>
        <cusip>Y5293P102</cusip>
        <identifiers>
          <isin value="KR7032640005"/>
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        <balance>24837.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>206281.63000000</valUSD>
        <pctVal>0.437202544137</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Baic Motor Corp Ltd.</name>
        <lei>5299003EYHISIDNLZQ19</lei>
        <title>BAIC Motor Corp Ltd </title>
        <cusip>Y0506H104</cusip>
        <identifiers>
          <isin value="CNE100001TJ4"/>
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        <balance>769500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>213719.96000000</valUSD>
        <pctVal>0.452967674557</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Krung Thai Bank Public Co Ltd.</name>
        <lei>54930007ZQMYCRFQGE36</lei>
        <title>Krung Thai Bank PCL </title>
        <cusip>Y49885190</cusip>
        <identifiers>
          <isin value="TH0150010Z03"/>
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        <balance>209400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.20600000"/>
        <valUSD>101083.60000000</valUSD>
        <pctVal>0.214241118273</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Joyy Inc</name>
        <lei>549300N6CHVU5CQZPW24</lei>
        <title>Joyy Inc. </title>
        <cusip>46591M109</cusip>
        <identifiers>
          <isin value="US46591M1099"/>
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        <balance>2300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>71714.00000000</valUSD>
        <pctVal>0.151993869983</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Adaro Energy Indonesia TBK</name>
        <lei>529900P2WAH7XA87OI24</lei>
        <title>PT ADARO ENERGY TBK </title>
        <cusip>Y7087B109</cusip>
        <identifiers>
          <isin value="ID1000111305"/>
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        <balance>322800.00000000</balance>
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        <currencyConditional curCd="IDR" exchangeRt="14980.00000000"/>
        <valUSD>62634.92000000</valUSD>
        <pctVal>0.132751260380</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chaowei Power Holdings Limited</name>
        <lei>213800MD59RZ8CIQB648</lei>
        <title>Chaowei Power Holdings Ltd </title>
        <cusip>G20479104</cusip>
        <identifiers>
          <isin value="KYG204791043"/>
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        <balance>349000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>76118.98000000</valUSD>
        <pctVal>0.161329982282</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Apar Industry Ltd</name>
        <lei>335800UXT2HV4V3ZR581</lei>
        <title>Apar Industries Ltd. </title>
        <cusip>Y0161R116</cusip>
        <identifiers>
          <isin value="INE372A01015"/>
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        <balance>3252.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>99536.05000000</valUSD>
        <pctVal>0.210961171352</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Shinyoung Securities Co.,Ltd</name>
        <lei>988400QC6B9Y6NV55763</lei>
        <title>Shinyoung Securities Co Ltd </title>
        <cusip>Y7756S102</cusip>
        <identifiers>
          <isin value="KR7001720002"/>
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        <balance>795.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>33970.63000000</valUSD>
        <pctVal>0.071998877757</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>REC Ltd.</name>
        <lei>335800B4YRYWAMIJZ374</lei>
        <title>REC Limited </title>
        <cusip>Y73650106</cusip>
        <identifiers>
          <isin value="INE020B01018"/>
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        <balance>171136.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>241292.52000000</valUSD>
        <pctVal>0.511406195623</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Alpek SAB de CV</name>
        <lei>549300PWKJTP62D4IQ66</lei>
        <title>Alpek SAB de CV </title>
        <cusip>P01703100</cusip>
        <identifiers>
          <isin value="MX01AL0C0004"/>
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        <balance>57900.00000000</balance>
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        <currencyConditional curCd="MXN" exchangeRt="18.02240000"/>
        <valUSD>64317.63000000</valUSD>
        <pctVal>0.136317671471</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Bank Handlowy w Warszawie SA</name>
        <lei>XLEZHWWOI4HFQDGL4793</lei>
        <title>Bank Handlowy w Warszawie SA </title>
        <cusip>X05318104</cusip>
        <identifiers>
          <isin value="PLBH00000012"/>
        </identifiers>
        <balance>3187.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="4.31470000"/>
        <valUSD>60347.10000000</valUSD>
        <pctVal>0.127902351999</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Topkey Corporation</name>
        <lei>N/A</lei>
        <title>Topkey Corporation </title>
        <cusip>Y8912M104</cusip>
        <identifiers>
          <isin value="TW0004536008"/>
        </identifiers>
        <balance>4000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>27507.31000000</valUSD>
        <pctVal>0.058300227288</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shougang Fushan Resources Gp Ltd</name>
        <lei>529900OPUNJYLOX4OL37</lei>
        <title>Shougang Fushan Resources Grou </title>
        <cusip>Y7760F104</cusip>
        <identifiers>
          <isin value="HK0639031506"/>
        </identifiers>
        <balance>66000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>20982.08000000</valUSD>
        <pctVal>0.044470361986</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gerdau SA</name>
        <lei>254900YDV6SEQQPZVG24</lei>
        <title>GERDAU SA PREF </title>
        <cusip>P2867P113</cusip>
        <identifiers>
          <isin value="BRGGBRACNPR8"/>
        </identifiers>
        <balance>37170.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.06790000"/>
        <valUSD>185560.29000000</valUSD>
        <pctVal>0.393284806208</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Savola Group Company</name>
        <lei>N/A</lei>
        <title>Savola Group (The) </title>
        <cusip>M8237G108</cusip>
        <identifiers>
          <isin value="SA0007879162"/>
        </identifiers>
        <balance>23683.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75320000"/>
        <valUSD>176936.74000000</valUSD>
        <pctVal>0.375007667330</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Highwealth Construction Corp</name>
        <lei>N/A</lei>
        <title>HIGHWEALTH CONSTRUCTION CORPORATION </title>
        <cusip>Y3721G109</cusip>
        <identifiers>
          <isin value="TW0002542008"/>
        </identifiers>
        <balance>17000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>22926.44000000</valUSD>
        <pctVal>0.048591325829</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GS Holdings Corp.</name>
        <lei>N/A</lei>
        <title>GS HOLDINGS </title>
        <cusip>Y2901P103</cusip>
        <identifiers>
          <isin value="KR7078930005"/>
        </identifiers>
        <balance>2129.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>65836.52000000</valUSD>
        <pctVal>0.139536875102</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RHB Bank Berhad</name>
        <lei>549300ZHRPSV7QIUJT80</lei>
        <title>RHB Bank Bhd </title>
        <cusip>Y72783106</cusip>
        <identifiers>
          <isin value="MYL1066OO009"/>
        </identifiers>
        <balance>150200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.40750000"/>
        <valUSD>190256.53000000</valUSD>
        <pctVal>0.403238228022</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banque Saudi Fransi</name>
        <lei>558600N07EDF4ATYR106</lei>
        <title>Banque Saudi Fransi 19</title>
        <cusip>M1R177100</cusip>
        <identifiers>
          <isin value="SA0007879782"/>
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        <balance>10258.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75320000"/>
        <valUSD>99530.48000000</valUSD>
        <pctVal>0.210949366044</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank Saint Petersburg Public Joint Stock Company</name>
        <lei>253400BEVESMWQRXBQ11</lei>
        <title>Public Joint-Stock Company Bank Saint-Petersburg </title>
        <cusip>X0R917109</cusip>
        <identifiers>
          <isin value="RU0009100945"/>
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        <balance>136120.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="77.65050000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENN Natural Gas Co., Ltd.</name>
        <lei>N/A</lei>
        <title>ENN Natural Gas Company Ltd. </title>
        <cusip>Y3119Q107</cusip>
        <identifiers>
          <isin value="CNE000000DG7"/>
        </identifiers>
        <balance>18700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.86760000"/>
        <valUSD>56766.31000000</valUSD>
        <pctVal>0.120313064974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mahindra Cie Automotive Ltd</name>
        <lei>335800NSDTMUFCMTUP82</lei>
        <title>Mahindra CIE Automotive Ltd </title>
        <cusip>Y53867100</cusip>
        <identifiers>
          <isin value="INE536H01010"/>
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        <balance>20096.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>85945.50000000</valUSD>
        <pctVal>0.182156749765</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Astra Otoparts Tbk, PT</name>
        <lei>N/A</lei>
        <title>Astra Otoparts Tbk PT </title>
        <cusip>Y7122W126</cusip>
        <identifiers>
          <isin value="ID1000119704"/>
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        <balance>499900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14980.00000000"/>
        <valUSD>56450.63000000</valUSD>
        <pctVal>0.119643998615</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUN Tv Network Ltd</name>
        <lei>335800IW6TQ3AJJLEO48</lei>
        <title>Sun TV Network Ltd </title>
        <cusip>Y8295N133</cusip>
        <identifiers>
          <isin value="INE424H01027"/>
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        <balance>10532.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>53430.80000000</valUSD>
        <pctVal>0.113243635389</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JBS SA</name>
        <lei>529900RM0MTMZL9O5050</lei>
        <title>JBS SA </title>
        <cusip>P59695109</cusip>
        <identifiers>
          <isin value="BRJBSSACNOR8"/>
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        <balance>57800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.06790000"/>
        <valUSD>203581.37000000</valUSD>
        <pctVal>0.431479491911</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Foods Ltd</name>
        <lei>529900SKC2U9O25M2019</lei>
        <title>China Foods LTD </title>
        <cusip>G2154F109</cusip>
        <identifiers>
          <isin value="BMG2154F1095"/>
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        <balance>584455.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>217912.29000000</valUSD>
        <pctVal>0.461853086902</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cia Saneamento Minas Gerais</name>
        <lei>N/A</lei>
        <title>Cia de Saneamento de Minas Ger </title>
        <cusip>P28269101</cusip>
        <identifiers>
          <isin value="BRCSMGACNOR5"/>
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        <balance>7100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.06790000"/>
        <valUSD>22037.33000000</valUSD>
        <pctVal>0.046706906194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Meihua Holdings Group Co Ltd</name>
        <lei>300300T0DPJPWDP2WE30</lei>
        <title>Meihua Holdings Group Company Ltd. </title>
        <cusip>Y9719G100</cusip>
        <identifiers>
          <isin value="CNE000000HP9"/>
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        <balance>30600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.86760000"/>
        <valUSD>43607.28000000</valUSD>
        <pctVal>0.092423226241</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kama Holdings Ltd</name>
        <lei>335800UVDRBY1GQ6LO64</lei>
        <title>KAMA Holdings Ltd. </title>
        <cusip>Y8133T102</cusip>
        <identifiers>
          <isin value="INE411F01010"/>
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        <balance>165.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>25278.46000000</valUSD>
        <pctVal>0.053576302571</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chengxin Lithium Group Co Ltd</name>
        <lei>N/A</lei>
        <title>Chengxin Lithium Group Company Ltd. </title>
        <cusip>Y2931D104</cusip>
        <identifiers>
          <isin value="CNE100000BN6"/>
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        <balance>3100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.86760000"/>
        <valUSD>15580.72000000</valUSD>
        <pctVal>0.033022477200</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fu Shou Yuan International Group Limited</name>
        <lei>N/A</lei>
        <title>Fu Shou Yuan International Group Ltd. </title>
        <cusip>G37109108</cusip>
        <identifiers>
          <isin value="KYG371091086"/>
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        <balance>57000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>46119.93000000</valUSD>
        <pctVal>0.097748649414</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Xlx Fertilse</name>
        <lei>N/A</lei>
        <title>China XLX Fertiliser Ltd </title>
        <cusip>Y1564X106</cusip>
        <identifiers>
          <isin value="SG1V07936171"/>
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        <balance>38000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>20096.49000000</valUSD>
        <pctVal>0.042593402797</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Robinsons Retail Hldgs Inc</name>
        <lei>N/A</lei>
        <title>Robinsons Retail Holdings, Inc. </title>
        <cusip>Y7318T101</cusip>
        <identifiers>
          <isin value="PHY7318T1017"/>
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        <balance>53820.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="54.28000000"/>
        <valUSD>53557.98000000</valUSD>
        <pctVal>0.113513186389</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Capital Securities Corporation</name>
        <lei>5493004ZN3KE1X17MG42</lei>
        <title>Capital Securities Corporation </title>
        <cusip>Y11003103</cusip>
        <identifiers>
          <isin value="TW0006005002"/>
        </identifiers>
        <balance>117000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>46029.31000000</valUSD>
        <pctVal>0.097556585319</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PT Media Nusantara Cirta Tbk</name>
        <lei>254900Y0ZF75CIA04X94</lei>
        <title>MEDIA NUSANTARA CITRA TBK </title>
        <cusip>Y71280104</cusip>
        <identifiers>
          <isin value="ID1000106206"/>
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        <balance>941100.00000000</balance>
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        <valUSD>37131.52000000</valUSD>
        <pctVal>0.078698209877</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Compania Sud Americana De Vapores S A</name>
        <lei>549300F26ZOE5LM26551</lei>
        <title>Sudamericana Vapor Com </title>
        <cusip>P3064M101</cusip>
        <identifiers>
          <isin value="CLP3064M1019"/>
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        <balance>627603.00000000</balance>
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        <currencyConditional curCd="CLP" exchangeRt="792.81000000"/>
        <valUSD>62712.13000000</valUSD>
        <pctVal>0.132914902719</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MTN Group Ltd</name>
        <lei>2549009JD6Q6XHZS5E05</lei>
        <title>MTN Group Limited </title>
        <cusip>S8039R108</cusip>
        <identifiers>
          <isin value="ZAE000042164"/>
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        <balance>4136.00000000</balance>
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        <currencyConditional curCd="ZAR" exchangeRt="17.80370000"/>
        <valUSD>29634.33000000</valUSD>
        <pctVal>0.062808328932</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cathay Financial Holding Co. Ltd</name>
        <lei>5299009XR1QLFAMQ3X77</lei>
        <title>CATHAY FINANCIAL HOLDING </title>
        <cusip>Y11654103</cusip>
        <identifiers>
          <isin value="TW0002882008"/>
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        <balance>16000.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>21954.94000000</valUSD>
        <pctVal>0.046532285130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>China Shenhua Energy Co Ltd.</name>
        <lei>529900N9JOX4C108MA40</lei>
        <title>China Shenhua Energy Company Ltd. </title>
        <cusip>Y1504C113</cusip>
        <identifiers>
          <isin value="CNE1000002R0"/>
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        <balance>35500.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>111714.91000000</valUSD>
        <pctVal>0.236773593800</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Eeka Fashion Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Eeka Fashion Holdings </title>
        <cusip>G53964105</cusip>
        <identifiers>
          <isin value="KYG539641053"/>
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        <balance>23000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>31057.48000000</valUSD>
        <pctVal>0.065824616910</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cosco Capital Inc.</name>
        <lei>N/A</lei>
        <title>Cosco Capital Inc </title>
        <cusip>Y1765W105</cusip>
        <identifiers>
          <isin value="PHY1765W1054"/>
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        <balance>283000.00000000</balance>
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        <currencyConditional curCd="PHP" exchangeRt="54.28000000"/>
        <valUSD>21376.20000000</valUSD>
        <pctVal>0.045305677601</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Castrol India</name>
        <lei>335800KCNMKXQFPJ5Q28</lei>
        <title>Castrol India LTD. </title>
        <cusip>Y1143S149</cusip>
        <identifiers>
          <isin value="INE172A01027"/>
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        <balance>16918.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>22887.57000000</valUSD>
        <pctVal>0.048508943007</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Banco da Amazonia S.A.</name>
        <lei>N/A</lei>
        <title>Banco da Amazonia S.A. </title>
        <cusip>P07668109</cusip>
        <identifiers>
          <isin value="BRBAZAACNOR0"/>
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        <balance>2200.00000000</balance>
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        <currencyConditional curCd="BRL" exchangeRt="5.06790000"/>
        <valUSD>30387.34000000</valUSD>
        <pctVal>0.064404292120</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>China Harmony Auto Holding Ltd</name>
        <lei>3003009WVV37E9PUUW24</lei>
        <title>China Harmony New Energy Auto </title>
        <cusip>G2118N107</cusip>
        <identifiers>
          <isin value="KYG2118N1079"/>
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        <balance>136000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>17000.02000000</valUSD>
        <pctVal>0.036030605315</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Far Eastern International Bank</name>
        <lei>549300MGVLXK8G4X5Y29</lei>
        <title>Far Eastern Int'l Bank </title>
        <cusip>Y7540U108</cusip>
        <identifiers>
          <isin value="TW0002845005"/>
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        <balance>68000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>24755.65000000</valUSD>
        <pctVal>0.052468235595</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>China Banking Corp</name>
        <lei>549300UF0WW28Z71DM64</lei>
        <title>China Banking Corporation </title>
        <cusip>Y13816122</cusip>
        <identifiers>
          <isin value="PHY138161229"/>
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        <balance>70100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="54.28000000"/>
        <valUSD>41391.03000000</valUSD>
        <pctVal>0.087726006530</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>
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      <invstOrSec>
        <name>Korea Gas Corp.</name>
        <lei>988400TFZILHBD5M3R71</lei>
        <title>Korea Gas Corporation </title>
        <cusip>Y48861101</cusip>
        <identifiers>
          <isin value="KR7036460004"/>
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        <balance>3139.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>65241.38000000</valUSD>
        <pctVal>0.138275508677</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Thai Oil Public Co Ltd.</name>
        <lei>549300HG5527UPZLTT69</lei>
        <title>Thai Oil Public Company Limited </title>
        <cusip>Y8620B101</cusip>
        <identifiers>
          <isin value="TH0796010005"/>
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        <balance>20500.00000000</balance>
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        <currencyConditional curCd="THB" exchangeRt="34.20600000"/>
        <valUSD>31491.40000000</valUSD>
        <pctVal>0.066744286432</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HD Hyundai Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>HD Hyundai Company Ltd. </title>
        <cusip>Y3R3C9109</cusip>
        <identifiers>
          <isin value="KR7267250009"/>
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        <balance>468.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>20845.68000000</valUSD>
        <pctVal>0.044181269705</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Henan Shenhuo Coal Industry &amp; Electricity Power Co., Ltd.</name>
        <lei>300300GF8XK44CSHXV64</lei>
        <title>Henan Shenhuo Coal &amp; Power Company Ltd. </title>
        <cusip>Y3122G104</cusip>
        <identifiers>
          <isin value="CNE000001097"/>
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        <balance>28200.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.86760000"/>
        <valUSD>72608.16000000</valUSD>
        <pctVal>0.153888992815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Rosneft Oil Company</name>
        <lei>253400JT3MQWNDKMJE44</lei>
        <title>Public Joint Stock Company Oil Company Rosneft </title>
        <cusip>X7394C106</cusip>
        <identifiers>
          <isin value="RU000A0J2Q06"/>
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        <balance>16950.00000000</balance>
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        <currencyConditional curCd="RUB" exchangeRt="77.65050000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Saudi Electricity Company</name>
        <lei>549300FXO4ZXUIAXGP41</lei>
        <title>Saudi Electric Company </title>
        <cusip>M8T51J104</cusip>
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          <isin value="SA0007879550"/>
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        <balance>19507.00000000</balance>
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        <valUSD>121744.54000000</valUSD>
        <pctVal>0.258030841732</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk, PT</name>
        <lei>254900JENDVZGXOAND36</lei>
        <title>PT Bank Pembangunan Daerah Jawa Barat dan Banten T </title>
        <cusip>Y71174109</cusip>
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          <isin value="ID1000115702"/>
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        <balance>980946.00000000</balance>
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        <valUSD>89092.53000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mega Lifesciences Public Co Ltd</name>
        <lei>N/A</lei>
        <title>Mega Lifesciences PCL </title>
        <cusip>Y59253107</cusip>
        <identifiers>
          <isin value="TH4984010009"/>
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        <balance>17700.00000000</balance>
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        <valUSD>21633.19000000</valUSD>
        <pctVal>0.045850353741</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Novolipetsk Steel PAO</name>
        <lei>213800913TPW32I84456</lei>
        <title>Novolipetsk Steel PJSC </title>
        <cusip>67011E204</cusip>
        <identifiers>
          <isin value="US67011E2046"/>
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        <balance>2870.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>King Yuan Electronics Co. Ltd</name>
        <lei>N/A</lei>
        <title>King Yuan Electronics Co Ltd </title>
        <cusip>Y4801V107</cusip>
        <identifiers>
          <isin value="TW0002449006"/>
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        <balance>19000.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>30276.52000000</valUSD>
        <pctVal>0.064169415238</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bank of China Limited</name>
        <lei>54930053HGCFWVHYZX42</lei>
        <title>Bank of China </title>
        <cusip>Y13905107</cusip>
        <identifiers>
          <isin value="CNE000001N05"/>
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        <balance>94500.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.86760000"/>
        <valUSD>46500.02000000</valUSD>
        <pctVal>0.098554229217</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Vale S.A.</name>
        <lei>254900SMTWBX7RU2SR20</lei>
        <title>Vale S.A. ADR</title>
        <cusip>91912E105</cusip>
        <identifiers>
          <isin value="US91912E1055"/>
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        <balance>29974.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>472989.72000000</valUSD>
        <pctVal>1.002475639420</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FSP Technology Inc</name>
        <lei>N/A</lei>
        <title>FSP Technology, Inc. </title>
        <cusip>Y9033T101</cusip>
        <identifiers>
          <isin value="TW0003015004"/>
        </identifiers>
        <balance>32000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>48551.08000000</valUSD>
        <pctVal>0.102901337829</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ferreycorp S A A</name>
        <lei>529900LVRQMD6PSRZA32</lei>
        <title>Ferreycorp SAA </title>
        <cusip>P3924F106</cusip>
        <identifiers>
          <isin value="PEP736001004"/>
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        <balance>35871.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PEN" exchangeRt="3.76340000"/>
        <valUSD>20492.81000000</valUSD>
        <pctVal>0.043433381191</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Orion Holdings Corporation</name>
        <lei>N/A</lei>
        <title>ORION HOLDINGS CORP </title>
        <cusip>Y6S90M110</cusip>
        <identifiers>
          <isin value="KR7001800002"/>
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        <balance>8965.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>117101.32000000</valUSD>
        <pctVal>0.248189792885</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Huishang Bank Corporation Ltd</name>
        <lei>300300C1080434000035</lei>
        <title>Huishang Bank Corporation Limited </title>
        <cusip>Y3749K108</cusip>
        <identifiers>
          <isin value="CNE100001QP7"/>
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        <balance>75384.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>23911.73000000</valUSD>
        <pctVal>0.050679593673</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Central Reinsuranc</name>
        <lei>391200DI0LWKJJTSWS86</lei>
        <title>Central Reinsurance Co Ltd </title>
        <cusip>Y12516103</cusip>
        <identifiers>
          <isin value="TW0002851003"/>
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        <balance>38000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>22030.38000000</valUSD>
        <pctVal>0.046692176052</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vipshop Holdings Ltd.</name>
        <lei>549300I9F52K06HPZX60</lei>
        <title>Vipshop Holdings Ltd. </title>
        <cusip>92763W103</cusip>
        <identifiers>
          <isin value="US92763W1036"/>
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        <balance>36600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>555588.00000000</valUSD>
        <pctVal>1.177538140901</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Coromandel International Ltd</name>
        <lei>335800U73K3HJSQKT249</lei>
        <title>Coromandel International Ltd. </title>
        <cusip>Y1754W140</cusip>
        <identifiers>
          <isin value="INE169A01031"/>
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        <balance>3953.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>42407.39000000</valUSD>
        <pctVal>0.089880125526</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tharisa Plc</name>
        <lei>213800WW4YWMVVZIJM90</lei>
        <title>Tharisa plc </title>
        <cusip>M8789F102</cusip>
        <identifiers>
          <isin value="CY0103562118"/>
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        <balance>30632.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.80370000"/>
        <valUSD>38259.72000000</valUSD>
        <pctVal>0.081089367589</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kunlun Energy Co Ltd.</name>
        <lei>5299007GRIKP15GM4927</lei>
        <title>Kunlun Energy Company Ltd. </title>
        <cusip>G5320C108</cusip>
        <identifiers>
          <isin value="BMG5320C1082"/>
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        <balance>208000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>162390.35000000</valUSD>
        <pctVal>0.344177395550</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>National Bank of Kuwait S.A.K.P.</name>
        <lei>549300NB7FE83IH6BW96</lei>
        <title>National Bank of Kuwait </title>
        <cusip>M7103V108</cusip>
        <identifiers>
          <isin value="KW0EQ0100010"/>
        </identifiers>
        <balance>62830.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KWD" exchangeRt="0.30760000"/>
        <valUSD>216228.97000000</valUSD>
        <pctVal>0.458285382950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Migros Turk Tas</name>
        <lei>5493002IOWNT1QZMAA74</lei>
        <title>Migros Ticaret A.S. </title>
        <cusip>H55573101</cusip>
        <identifiers>
          <isin value="TREMGTI00012"/>
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        <balance>5531.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="19.18650000"/>
        <valUSD>48329.49000000</valUSD>
        <pctVal>0.102431690038</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Foxsemicon Integrated Technology Inc.</name>
        <lei>N/A</lei>
        <title>Foxsemicon Integrated Technology Inc </title>
        <cusip>Y2630J139</cusip>
        <identifiers>
          <isin value="TW0003413001"/>
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        <balance>4000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>26014.03000000</valUSD>
        <pctVal>0.055135302640</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bancolombia S.A.</name>
        <lei>54930052NWJRPNMP1W58</lei>
        <title>BanColombia S.A. ADR</title>
        <cusip>05968L102</cusip>
        <identifiers>
          <isin value="US05968L1026"/>
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        <balance>1700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>42721.00000000</valUSD>
        <pctVal>0.090544804634</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Jiangxi Copper Co., Ltd.</name>
        <lei>3003002E74YFQ6MEZY56</lei>
        <title>Jiangxi Copper Company Ltd. </title>
        <cusip>Y4446C100</cusip>
        <identifiers>
          <isin value="CNE1000003K3"/>
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        <balance>13000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>22008.99000000</valUSD>
        <pctVal>0.046646841126</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Apollo Tyres Limited</name>
        <lei>335800W2PJ4XBSHQYC34</lei>
        <title>APOLLO TYRES LIMITED </title>
        <cusip>Y0188S121</cusip>
        <identifiers>
          <isin value="INE438A01022"/>
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        <balance>16247.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>63269.69000000</valUSD>
        <pctVal>0.134096620405</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Gree Electric Appliances Inc of Zhuhai</name>
        <lei>655600UY069MU9JRAN62</lei>
        <title>Gree Electric Appliances Inc o </title>
        <cusip>Y9890H109</cusip>
        <identifiers>
          <isin value="CNE0000001D4"/>
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        <balance>92900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.86760000"/>
        <valUSD>496213.35000000</valUSD>
        <pctVal>1.051696843073</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Gamuda Berhad</name>
        <lei>N/A</lei>
        <title>Gamuda Berhad </title>
        <cusip>Y2679X106</cusip>
        <identifiers>
          <isin value="MYL5398OO002"/>
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        <balance>40700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.40750000"/>
        <valUSD>37753.37000000</valUSD>
        <pctVal>0.080016186675</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Indian Bank</name>
        <lei>5493008JR8FCVQ6FJL94</lei>
        <title>Indian Bank </title>
        <cusip>Y39228112</cusip>
        <identifiers>
          <isin value="INE562A01011"/>
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        <balance>41510.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>146283.70000000</valUSD>
        <pctVal>0.310040238705</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>361 Degrees International Limited</name>
        <lei>2138008WRC2652IBSX12</lei>
        <title>361 DEGREES INTERNATIONAL </title>
        <cusip>G88493104</cusip>
        <identifiers>
          <isin value="KYG884931042"/>
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        <balance>62000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>30784.88000000</valUSD>
        <pctVal>0.065246856237</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LG Innotek Co., Ltd.</name>
        <lei>988400KTHH2LMUX7EB48</lei>
        <title>LG INNOTEK CO LTD </title>
        <cusip>Y5S54X104</cusip>
        <identifiers>
          <isin value="KR7011070000"/>
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        <balance>2095.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>437984.96000000</valUSD>
        <pctVal>0.928284980131</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VTB Bank Public Joint Stock Company</name>
        <lei>253400V1H6ART1UQ0N98</lei>
        <title>VTB Bank (Public Joint-Stock Company) </title>
        <cusip>X0494D108</cusip>
        <identifiers>
          <isin value="RU000A0JP5V6"/>
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        <balance>339760000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="77.65050000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Karur Vysya Bank</name>
        <lei>335800GFMDHTPWI6JP97</lei>
        <title>Karur Vysya Bank Ltd. </title>
        <cusip>Y4589P215</cusip>
        <identifiers>
          <isin value="INE036D01028"/>
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        <balance>86299.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>110104.16000000</valUSD>
        <pctVal>0.233359697963</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Samsung Electronics Co Ltd</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>Samsung Electronics Company Ltd. </title>
        <cusip>Y74718100</cusip>
        <identifiers>
          <isin value="KR7005930003"/>
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        <balance>24075.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>1186839.69000000</valUSD>
        <pctVal>2.515441302026</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jindal Saw Ltd</name>
        <lei>335800DDPMLWP71NRQ10</lei>
        <title>Jindal Saw Limited </title>
        <cusip>Y4449A101</cusip>
        <identifiers>
          <isin value="INE324A01024"/>
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        <balance>17727.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>31570.19000000</valUSD>
        <pctVal>0.066911277494</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Orient Overseas (International) Ltd.</name>
        <lei>529900DQ426GJO276W95</lei>
        <title>Orient Overseas International Ltd. </title>
        <cusip>G67749153</cusip>
        <identifiers>
          <isin value="BMG677491539"/>
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        <balance>5000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>95976.24000000</valUSD>
        <pctVal>0.203416350281</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Union Bank of India</name>
        <lei>5493000P4HD6132SQ711</lei>
        <title>Union Bank of India </title>
        <cusip>Y90885115</cusip>
        <identifiers>
          <isin value="INE692A01016"/>
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        <balance>102542.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>83341.40000000</valUSD>
        <pctVal>0.176637503358</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Northam Platinum Holdings Limited</name>
        <lei>N/A</lei>
        <title>Northam Platinum Holdings Ltd. </title>
        <cusip>S56431109</cusip>
        <identifiers>
          <isin value="ZAE000298253"/>
        </identifiers>
        <balance>4508.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.80370000"/>
        <valUSD>36654.07000000</valUSD>
        <pctVal>0.077686280920</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>Yandex, NV</name>
        <lei>549300GGZHJ5Q1B18P93</lei>
        <title>Yandex N.V. Company </title>
        <cusip>N97284108</cusip>
        <identifiers>
          <isin value="NL0009805522"/>
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        <balance>810.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="77.65050000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Metropolitan Bank &amp; Trust Company (Metrobank)</name>
        <lei>549300SQYI82RVWFN715</lei>
        <title>Metropolitan Bank &amp; Trust Company </title>
        <cusip>Y6028G136</cusip>
        <identifiers>
          <isin value="PHY6028G1361"/>
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        <balance>48530.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="54.28000000"/>
        <valUSD>52423.79000000</valUSD>
        <pctVal>0.111109333203</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shoucheng Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Shougang Concord International </title>
        <cusip>Y78299123</cusip>
        <identifiers>
          <isin value="HK0000592854"/>
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        <balance>268000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>69057.91000000</valUSD>
        <pctVal>0.146364433637</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AAPICO Hitech Public Co Ltd.</name>
        <lei>N/A</lei>
        <title>AAPICO Hitech PCL </title>
        <cusip>Y0139C167</cusip>
        <identifiers>
          <isin value="TH0688A10Z02"/>
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        <balance>92400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.20600000"/>
        <valUSD>82617.54000000</valUSD>
        <pctVal>0.175103321989</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kumho Petrochemical Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Kumho Petrochemical Co Ltd </title>
        <cusip>Y49212106</cusip>
        <identifiers>
          <isin value="KR7011780004"/>
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        <balance>380.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>41902.84000000</valUSD>
        <pctVal>0.088810759613</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Everbright Bank Co Ltd.</name>
        <lei>549300U6PKQ4H1P34E17</lei>
        <title>CHINA EVERBRIGHT BANK CO </title>
        <cusip>Y1477U124</cusip>
        <identifiers>
          <isin value="CNE100001QW3"/>
        </identifiers>
        <balance>528000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>160173.42000000</valUSD>
        <pctVal>0.339478734617</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Karnataka Bank</name>
        <lei>335800G1GTTVASBXVW10</lei>
        <title>The Karnataka Bank Limited </title>
        <cusip>Y4590V128</cusip>
        <identifiers>
          <isin value="INE614B01018"/>
        </identifiers>
        <balance>12175.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>20205.90000000</valUSD>
        <pctVal>0.042825291261</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of India</name>
        <lei>21380058KMSRJIL8C294</lei>
        <title>Bank of India </title>
        <cusip>Y06949112</cusip>
        <identifiers>
          <isin value="INE084A01016"/>
        </identifiers>
        <balance>27452.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>25034.69000000</valUSD>
        <pctVal>0.053059645493</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Beijing Urban Construction Design &amp; Development Group Co., Ltd.</name>
        <lei>30030082C6Q622LWRT27</lei>
        <title>BEING URBAN CONSTRUCTION - H </title>
        <cusip>Y0776U108</cusip>
        <identifiers>
          <isin value="CNE100001SV1"/>
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        <balance>81000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>25547.93000000</valUSD>
        <pctVal>0.054147429383</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PICC Property and Casualty Co., Ltd.</name>
        <lei>300300F1000311000017</lei>
        <title>PICC PROPERTY &amp; CASUALTY- </title>
        <cusip>Y6975Z103</cusip>
        <identifiers>
          <isin value="CNE100000593"/>
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        <balance>96000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>97929.66000000</valUSD>
        <pctVal>0.207556516295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Best Pacific International Holdings Limited</name>
        <lei>529900NJSWRANNDZ2L52</lei>
        <title>Best Pacific International Holdings Ltd. </title>
        <cusip>G10689100</cusip>
        <identifiers>
          <isin value="KYG106891008"/>
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        <balance>220000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>31668.95000000</valUSD>
        <pctVal>0.067120593870</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Marksans Pharma Lt</name>
        <lei>335800YXQPMPSAC51K30</lei>
        <title>Marksans Pharma Ltd. </title>
        <cusip>Y57686100</cusip>
        <identifiers>
          <isin value="INE750C01026"/>
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        <balance>42374.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>36396.15000000</valUSD>
        <pctVal>0.077139633697</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Genting Berhad</name>
        <lei>N/A</lei>
        <title>Genting Berhad </title>
        <cusip>Y26926116</cusip>
        <identifiers>
          <isin value="MYL3182OO002"/>
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        <balance>65800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.40750000"/>
        <valUSD>69725.04000000</valUSD>
        <pctVal>0.147778378899</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IIFL Finance Ltd.</name>
        <lei>335800CZ46UJRS34JR78</lei>
        <title>IIFL Finance Limited </title>
        <cusip>Y3914X109</cusip>
        <identifiers>
          <isin value="INE530B01024"/>
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        <balance>3221.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>19182.79000000</valUSD>
        <pctVal>0.040656866012</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
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      <invstOrSec>
        <name>Woori Financial Group Inc</name>
        <lei>N/A</lei>
        <title>Woori Financial Group Inc. </title>
        <cusip>Y972JZ105</cusip>
        <identifiers>
          <isin value="KR7316140003"/>
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        <balance>10786.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>94586.73000000</valUSD>
        <pctVal>0.200471360429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COSCO SHIPPING Holdings Co., Ltd.</name>
        <lei>3003009XI0QGYYA29S17</lei>
        <title>COSCO SHIPPING Holdings Company Ltd. </title>
        <cusip>Y1455B114</cusip>
        <identifiers>
          <isin value="CNE100000601"/>
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        <balance>51297.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.86760000"/>
        <valUSD>82514.45000000</valUSD>
        <pctVal>0.174884828416</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Meituan</name>
        <lei>21380033K525E5JLIA77</lei>
        <title>Meituan Class B</title>
        <cusip>G59669104</cusip>
        <identifiers>
          <isin value="KYG596691041"/>
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        <balance>3560.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>64585.79000000</valUSD>
        <pctVal>0.136886021809</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wonik Qnc Corporation</name>
        <lei>N/A</lei>
        <title>Wonik QnC Corporation </title>
        <cusip>Y9690J107</cusip>
        <identifiers>
          <isin value="KR7074600008"/>
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        <balance>6035.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>118195.05000000</valUSD>
        <pctVal>0.250507893332</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hanil Holdings Co LTD</name>
        <lei>N/A</lei>
        <title>HANIL HOLDINGS CO LTD </title>
        <cusip>Y3050K101</cusip>
        <identifiers>
          <isin value="KR7003300001"/>
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        <balance>2166.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>19012.93000000</valUSD>
        <pctVal>0.040296857105</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Exxaro Resources Ltd.</name>
        <lei>378900BC3D9BFF4E4A37</lei>
        <title>Exxaro Resources Ltd. </title>
        <cusip>S26949107</cusip>
        <identifiers>
          <isin value="ZAE000084992"/>
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        <balance>7514.00000000</balance>
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        <currencyConditional curCd="ZAR" exchangeRt="17.80370000"/>
        <valUSD>78542.17000000</valUSD>
        <pctVal>0.166465799916</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tianjin Capital Environmental Protection Group Co Ltd</name>
        <lei>3003009YJV28EHH12813</lei>
        <title>TIANJIN CAPITAL ENVIRON-H </title>
        <cusip>Y88228112</cusip>
        <identifiers>
          <isin value="CNE1000004G9"/>
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        <balance>72000.00000000</balance>
        <units>NS</units>
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        <valUSD>28685.35000000</valUSD>
        <pctVal>0.060797018132</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LT Group Inc</name>
        <lei>N/A</lei>
        <title>LT Group Inc </title>
        <cusip>Y5342M100</cusip>
        <identifiers>
          <isin value="PHY5342M1000"/>
        </identifiers>
        <balance>307800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="54.28000000"/>
        <valUSD>56303.01000000</valUSD>
        <pctVal>0.119331126162</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>POSCO Holdings Inc</name>
        <lei>988400E5HRVX81AYLM04</lei>
        <title>POSCO Holdings, Inc. ADR</title>
        <cusip>693483109</cusip>
        <identifiers>
          <isin value="US6934831099"/>
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        <balance>4500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>313605.00000000</valUSD>
        <pctVal>0.664668510978</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Shin Zu Shing Co</name>
        <lei>N/A</lei>
        <title>SHIN ZU SHING CO LTD </title>
        <cusip>Y7755T127</cusip>
        <identifiers>
          <isin value="TW0003376000"/>
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        <balance>10000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>28543.16000000</valUSD>
        <pctVal>0.060495654265</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bank of Baroda</name>
        <lei>549300CQ6M9Q0TJEZR23</lei>
        <title>Bank of Baroda </title>
        <cusip>Y0643L141</cusip>
        <identifiers>
          <isin value="INE028A01039"/>
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        <balance>105269.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>217219.90000000</valUSD>
        <pctVal>0.460385604463</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>China Coal Energy Co Ltd.</name>
        <lei>529900KRC89344UI3Z10</lei>
        <title>CHINA COAL ENERGY CO-H </title>
        <cusip>Y1434L100</cusip>
        <identifiers>
          <isin value="CNE100000528"/>
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        <balance>53000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>40220.51000000</valUSD>
        <pctVal>0.085245153911</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>China Railway Group Ltd.</name>
        <lei>529900TFRLG8UDJ7QA89</lei>
        <title>China Railway Group Ltd. H SHARES</title>
        <cusip>Y1509D116</cusip>
        <identifiers>
          <isin value="CNE1000007Z2"/>
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        <balance>112000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>68346.09000000</valUSD>
        <pctVal>0.144855770384</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Turkcell Iletisim Hizmetleri AS</name>
        <lei>7890003EX1LTLS2FFL84</lei>
        <title>Turkcell Iletisim Hizmetleri A.S. ADR</title>
        <cusip>900111204</cusip>
        <identifiers>
          <isin value="US9001112047"/>
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        <balance>8900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>38270.00000000</valUSD>
        <pctVal>0.081111155482</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VST Industries</name>
        <lei>335800JW3EQAV3RB8F15</lei>
        <title>VST Industries Ltd. </title>
        <cusip>Y9381K116</cusip>
        <identifiers>
          <isin value="INE710A01016"/>
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        <balance>4614.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>176844.10000000</valUSD>
        <pctVal>0.374811321956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Emaar Properties PJSC</name>
        <lei>254900YWYEXYXK1BMP81</lei>
        <title>Emaar Properties PJSC </title>
        <cusip>M4025S107</cusip>
        <identifiers>
          <isin value="AEE000301011"/>
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        <balance>128297.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.67270000"/>
        <valUSD>196027.39000000</valUSD>
        <pctVal>0.415469247691</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GCL Technology Holdings Limited</name>
        <lei>529900O1QCZWP5IWVY66</lei>
        <title>GCL-POLY ENERGY HOLDINGS LTD </title>
        <cusip>G3774X108</cusip>
        <identifiers>
          <isin value="KYG3774X1088"/>
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        <balance>410000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>106116.85000000</valUSD>
        <pctVal>0.224908814206</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nickel Asia Corpor</name>
        <lei>N/A</lei>
        <title>Nickel Asia Corp </title>
        <cusip>Y6350R106</cusip>
        <identifiers>
          <isin value="PHY6350R1069"/>
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        <balance>180700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="54.28000000"/>
        <valUSD>22524.94000000</valUSD>
        <pctVal>0.047740368711</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Wistron Corp</name>
        <lei>254900DIEONKUALBFM06</lei>
        <title>Wistron Corporation </title>
        <cusip>Y96738102</cusip>
        <identifiers>
          <isin value="TW0003231007"/>
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        <balance>137000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>187963.30000000</valUSD>
        <pctVal>0.398377853444</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Qatar Islamic Bank</name>
        <lei>254900CFGPXJI71OHT95</lei>
        <title>Qatar Islamic Bank </title>
        <cusip>M8179Y109</cusip>
        <identifiers>
          <isin value="QA0006929853"/>
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        <balance>19379.00000000</balance>
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        <currencyConditional curCd="QAR" exchangeRt="3.64050000"/>
        <valUSD>94966.66000000</valUSD>
        <pctVal>0.201276601121</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Oracle Fin Service</name>
        <lei>3358008SYNPKSPNMTJ57</lei>
        <title>Oracle Financial Services Software Ltd. </title>
        <cusip>Y3864R102</cusip>
        <identifiers>
          <isin value="INE881D01027"/>
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        <balance>627.00000000</balance>
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        <valUSD>24977.75000000</valUSD>
        <pctVal>0.052938964302</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Industrial and Commercial Bank of China Ltd.</name>
        <lei>5493002ERZU2K9PZDL40</lei>
        <title>INDUSTRIAL AND COMMERCIAL BANK OF CHINA </title>
        <cusip>Y3990B112</cusip>
        <identifiers>
          <isin value="CNE1000003G1"/>
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        <balance>525000.00000000</balance>
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        <valUSD>279003.68000000</valUSD>
        <pctVal>0.591332920530</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Taiwan Navigation</name>
        <lei>N/A</lei>
        <title>Taiwan Navigation Company Ltd. </title>
        <cusip>Y84319105</cusip>
        <identifiers>
          <isin value="TW0002617008"/>
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        <balance>25000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Huaxia Bank Co Ltd.</name>
        <lei>300300AKNDEHIGVDZW37</lei>
        <title>Huaxia Bank Company Ltd. </title>
        <cusip>Y37467100</cusip>
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          <isin value="CNE000001FW7"/>
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        <balance>40200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Surgutneftegas Public Joint Stock Co</name>
        <lei>2138002GZLU65FRAC894</lei>
        <title>Surgutneftegas PJSC </title>
        <cusip>X8799U113</cusip>
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          <isin value="RU0009029524"/>
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        <balance>541500.00000000</balance>
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        <valUSD>0.00000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Arca Continental S.A.B. de C.V.</name>
        <lei>254900U2BSJCQHJCXN24</lei>
        <title>Arca Continental?SAB de CV </title>
        <cusip>P0448R103</cusip>
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          <isin value="MX01AC100006"/>
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        <balance>35500.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LF Corp</name>
        <lei>N/A</lei>
        <title>LF Corp </title>
        <cusip>Y5275J108</cusip>
        <identifiers>
          <isin value="KR7093050003"/>
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        <balance>3796.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Yankuang Energy Group Co Ltd.</name>
        <lei>3003005N7A6HYZ4Z0K39</lei>
        <title>Yanzhou Coal Mining Company Ltd. </title>
        <cusip>Y97417102</cusip>
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          <isin value="CNE1000004Q8"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Automotive Axles</name>
        <lei>335800E8VHL4TUDZPY90</lei>
        <title>Automotive Axles Ltd. </title>
        <cusip>Y04845114</cusip>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zydus Lifesciences Limited</name>
        <lei>335800R9O14ORBXLPN13</lei>
        <title>Cadila Healthcare Limited </title>
        <cusip>Y1R73U123</cusip>
        <identifiers>
          <isin value="INE010B01027"/>
        </identifiers>
        <balance>7918.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>47450.62000000</valUSD>
        <pctVal>0.100568973518</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nedbank Group Ltd</name>
        <lei>3789009E42FA3CB31065</lei>
        <title>Nedbank Group Ltd </title>
        <cusip>S5518R104</cusip>
        <identifiers>
          <isin value="ZAE000004875"/>
        </identifiers>
        <balance>20896.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.80370000"/>
        <valUSD>254514.38000000</valUSD>
        <pctVal>0.539429199078</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>Shaanxi Coal Industry Co Ltd.</name>
        <lei>N/A</lei>
        <title>Shaanxi Coal Industry Company Limited </title>
        <cusip>Y7679D109</cusip>
        <identifiers>
          <isin value="CNE100001T64"/>
        </identifiers>
        <balance>26800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.86760000"/>
        <valUSD>79369.72000000</valUSD>
        <pctVal>0.168219746525</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jiangsu Expressway Co Ltd.</name>
        <lei>529900UWWTWZ6AKLYD43</lei>
        <title>JIANGSU EXPRESSWAY COMPANY LTD. </title>
        <cusip>Y4443L103</cusip>
        <identifiers>
          <isin value="CNE1000003J5"/>
        </identifiers>
        <balance>46000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>42778.32000000</valUSD>
        <pctVal>0.090666291215</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Hongqiao Group Limited</name>
        <lei>3003009Q4IBFSDE24571</lei>
        <title>China Hongqiao Group Limited </title>
        <cusip>G21150100</cusip>
        <identifiers>
          <isin value="KYG211501005"/>
        </identifiers>
        <balance>43500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>41802.39000000</valUSD>
        <pctVal>0.088597861375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Catcher Technology Co Ltd.</name>
        <lei>5299006PRSCU66N5JF55</lei>
        <title>Catcher Technology Company Ltd. </title>
        <cusip>Y1148A101</cusip>
        <identifiers>
          <isin value="TW0002474004"/>
        </identifiers>
        <balance>32000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>199363.74000000</valUSD>
        <pctVal>0.422540457610</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PT Bank CIMB Niaga Rbk</name>
        <lei>549300NZ97UNGBXAPM35</lei>
        <title>PT BANK CIMB NIAGA TBK </title>
        <cusip>Y71193158</cusip>
        <identifiers>
          <isin value="ID1000098007"/>
        </identifiers>
        <balance>1626600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14980.00000000"/>
        <valUSD>138110.50000000</valUSD>
        <pctVal>0.292717591828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Luxi Chemical Group Co Ltd.</name>
        <lei>300300UFIWMHUM74D963</lei>
        <title>Luxi Chemical Group Company Ltd. </title>
        <cusip>Y7680K100</cusip>
        <identifiers>
          <isin value="CNE000000WN3"/>
        </identifiers>
        <balance>36099.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.86760000"/>
        <valUSD>71714.20000000</valUSD>
        <pctVal>0.151994293872</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PTT Exploration and Production Public Co Ltd.</name>
        <lei>2549001O8YYGP5N7Q076</lei>
        <title>PTT Exploration &amp; Production P </title>
        <cusip>Y7145P157</cusip>
        <identifiers>
          <isin value="TH0355A10Z04"/>
        </identifiers>
        <balance>23400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.20600000"/>
        <valUSD>102794.01000000</valUSD>
        <pctVal>0.217866237987</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Petroleo Brasileiro SA</name>
        <lei>5493000J801JZRCMFE49</lei>
        <title>Petroleo Brasileiro S.A. ADR</title>
        <cusip>71654V408</cusip>
        <identifiers>
          <isin value="US71654V4086"/>
        </identifiers>
        <balance>19400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>202342.00000000</valUSD>
        <pctVal>0.428852715512</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Far East Horizon Ltd.</name>
        <lei>549300S9XRGO1ZPUHE62</lei>
        <title>Far East Horizon Limited </title>
        <cusip>Y24286109</cusip>
        <identifiers>
          <isin value="HK0000077468"/>
        </identifiers>
        <balance>67000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>60165.10000000</valUSD>
        <pctVal>0.127516613031</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Agricultural Bank of China Ltd.</name>
        <lei>549300E7TSGLCOVSY746</lei>
        <title>Agricultural Bank of China Limited </title>
        <cusip>Y00289101</cusip>
        <identifiers>
          <isin value="CNE100000RJ0"/>
        </identifiers>
        <balance>76900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.86760000"/>
        <valUSD>34841.83000000</valUSD>
        <pctVal>0.073845338135</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Depo Auto Parts In</name>
        <lei>N/A</lei>
        <title>Depo Auto Parts Ind Co Ltd </title>
        <cusip>Y2032B106</cusip>
        <identifiers>
          <isin value="TW0006605009"/>
        </identifiers>
        <balance>22000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>65533.25000000</valUSD>
        <pctVal>0.138894111053</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yunnan Aluminium Co Ltd.</name>
        <lei>3003008AXWSVMLG3MX37</lei>
        <title>Yunnan Aluminium Company Ltd. </title>
        <cusip>Y9881Y103</cusip>
        <identifiers>
          <isin value="CNE000000VG9"/>
        </identifiers>
        <balance>39200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.86760000"/>
        <valUSD>77619.41000000</valUSD>
        <pctVal>0.164510060961</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Autohome Inc.</name>
        <lei>529900NYB6ZGZN3MVT56</lei>
        <title>Autohome, Inc. </title>
        <cusip>05278C107</cusip>
        <identifiers>
          <isin value="US05278C1071"/>
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        <balance>2900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>97063.00000000</valUSD>
        <pctVal>0.205719678197</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tempo Scan Pacific</name>
        <lei>N/A</lei>
        <title>Tempo Scan Pacific </title>
        <cusip>Y7147L154</cusip>
        <identifiers>
          <isin value="ID1000104508"/>
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        <balance>612000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14980.00000000"/>
        <valUSD>57400.53000000</valUSD>
        <pctVal>0.121657259305</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>Industrial and Commercial Bank of China Ltd.</name>
        <lei>5493002ERZU2K9PZDL40</lei>
        <title>Industrial &amp; Commercial Bank of China Ltd. </title>
        <cusip>Y3990B104</cusip>
        <identifiers>
          <isin value="CNE000001P37"/>
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        <balance>86200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.86760000"/>
        <valUSD>56004.28000000</valUSD>
        <pctVal>0.118697984394</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Coastal Contracts</name>
        <lei>N/A</lei>
        <title>Coastal Contracts Bhd </title>
        <cusip>Y1665A104</cusip>
        <identifiers>
          <isin value="MYL5071OO005"/>
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        <balance>43300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.40750000"/>
        <valUSD>22364.64000000</valUSD>
        <pctVal>0.047400621697</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grindrod Limited</name>
        <lei>N/A</lei>
        <title>GRINDROD LTD </title>
        <cusip>S3302L128</cusip>
        <identifiers>
          <isin value="ZAE000072328"/>
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        <balance>87555.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.80370000"/>
        <valUSD>44850.32000000</valUSD>
        <pctVal>0.095057781002</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>Grupo Herdez S.A.B. de C.V.</name>
        <lei>4469000001BQVIMOLQ55</lei>
        <title>Grupo Herdez, S.A.B. de C.V. </title>
        <cusip>P4951Q155</cusip>
        <identifiers>
          <isin value="MX01HE010008"/>
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        <balance>42923.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="18.02240000"/>
        <valUSD>110675.15000000</valUSD>
        <pctVal>0.234569879793</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>Ooredoo</name>
        <lei>549300D3EIDZJB62TR20</lei>
        <title>Ooredoo QPSC </title>
        <cusip>M8180V102</cusip>
        <identifiers>
          <isin value="QA0007227737"/>
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        <balance>50887.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="QAR" exchangeRt="3.64050000"/>
        <valUSD>131402.16000000</valUSD>
        <pctVal>0.278499634975</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>QA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grupo Comercial Chedraui S.A.B. de C.V.</name>
        <lei>4469000001BRXSV0JO96</lei>
        <title>GRUPO COMERCIAL CHEDRAUI </title>
        <cusip>P4612W104</cusip>
        <identifiers>
          <isin value="MX01CH170002"/>
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        <balance>14068.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="18.02240000"/>
        <valUSD>80790.46000000</valUSD>
        <pctVal>0.171230926641</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>China Shineway Pharmaceutical Group Limited</name>
        <lei>5299001VVE1YDGPXXR74</lei>
        <title>China Shineway Pharmaceutical </title>
        <cusip>G2110P100</cusip>
        <identifiers>
          <isin value="KYG2110P1000"/>
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        <balance>320000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>301197.60000000</valUSD>
        <pctVal>0.638371710598</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>African Rainbow Minerals Ltd</name>
        <lei>529900L3TPSCK8ZVZ589</lei>
        <title>African Rainbow Minerals Ltd </title>
        <cusip>S01680107</cusip>
        <identifiers>
          <isin value="ZAE000054045"/>
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        <balance>4931.00000000</balance>
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        <valUSD>63884.72000000</valUSD>
        <pctVal>0.135400142589</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>
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      </invstOrSec>
      <invstOrSec>
        <name>The Second Generation Company of the Wholesale Power Market Joint Stock Company</name>
        <lei>N/A</lei>
        <title>OGK-2 PAO </title>
        <cusip>X7762E106</cusip>
        <identifiers>
          <isin value="RU000A0JNG55"/>
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        <balance>5740000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="77.65050000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bank of Communications Co Ltd.</name>
        <lei>549300AX1UM10U30HK09</lei>
        <title>Bank of Communications Co Ltd </title>
        <cusip>Y06988102</cusip>
        <identifiers>
          <isin value="CNE100000205"/>
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        <balance>349000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>219486.06000000</valUSD>
        <pctVal>0.465188605668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sappi Limited</name>
        <lei>549300SSI7XQH8ESJG95</lei>
        <title>Sappi Ltd </title>
        <cusip>S73544108</cusip>
        <identifiers>
          <isin value="ZAE000006284"/>
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        <balance>7792.00000000</balance>
        <units>NS</units>
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        <valUSD>20049.29000000</valUSD>
        <pctVal>0.042493364998</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>
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      </invstOrSec>
      <invstOrSec>
        <name>State Bank of India</name>
        <lei>5493001JZ37UBBZF6L49</lei>
        <title>State Bank of India </title>
        <cusip>Y8155P103</cusip>
        <identifiers>
          <isin value="INE062A01020"/>
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        <balance>18292.00000000</balance>
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        <valUSD>116982.91000000</valUSD>
        <pctVal>0.247938829417</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Naspers Limited</name>
        <lei>21380044BQ8812EEKT59</lei>
        <title>Naspers Ltd. </title>
        <cusip>S53435103</cusip>
        <identifiers>
          <isin value="ZAE000015889"/>
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        <balance>1612.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.80370000"/>
        <valUSD>298716.33000000</valUSD>
        <pctVal>0.633112795605</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Topsports International Holdings Limited</name>
        <lei>N/A</lei>
        <title>Topsports International </title>
        <cusip>G8924B104</cusip>
        <identifiers>
          <isin value="KYG8924B1041"/>
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        <balance>116000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>105739.16000000</valUSD>
        <pctVal>0.224108321070</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Tongwei Co Ltd.</name>
        <lei>3003009CW4QYMCG0BH89</lei>
        <title>Tongwei Company Ltd. </title>
        <cusip>Y8884V108</cusip>
        <identifiers>
          <isin value="CNE000001GS3"/>
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        <balance>60100.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.86760000"/>
        <valUSD>340737.06000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NTPC Ltd.</name>
        <lei>335800Q4TRGJXNLVMB81</lei>
        <title>NTPC Ltd </title>
        <cusip>Y6206E101</cusip>
        <identifiers>
          <isin value="INE733E01010"/>
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        <balance>109398.00000000</balance>
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        <valUSD>233659.51000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Legend Holdings Corporation</name>
        <lei>5299003ONUYCE70HZ185</lei>
        <title>Legend Holdings Corp </title>
        <cusip>Y52237107</cusip>
        <identifiers>
          <isin value="CNE100001ZT0"/>
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        <balance>51000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>54373.33000000</valUSD>
        <pctVal>0.115241275770</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Gujarat Pipavav Po</name>
        <lei>335800Y6JBMRA4Y8TA95</lei>
        <title>Gujarat Pipavav Port Ltd. </title>
        <cusip>Y2946J104</cusip>
        <identifiers>
          <isin value="INE517F01014"/>
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        <balance>23103.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>32847.70000000</valUSD>
        <pctVal>0.069618889520</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ganfeng Lithium Group Co Ltd</name>
        <lei>3003006BE6UOHWEOOR42</lei>
        <title>Ganfeng Lithium Group Company Ltd. </title>
        <cusip>Y2690M105</cusip>
        <identifiers>
          <isin value="CNE1000031W9"/>
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        <balance>2800.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>17447.70000000</valUSD>
        <pctVal>0.036979438398</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Adira Dinamika Multi Finance Tbk PT</name>
        <lei>254900SPGMQJ5QQCD457</lei>
        <title>Adira Dinamika Multi Finance T </title>
        <cusip>Y7124X106</cusip>
        <identifiers>
          <isin value="ID1000097504"/>
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        <balance>145000.00000000</balance>
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        <currencyConditional curCd="IDR" exchangeRt="14980.00000000"/>
        <valUSD>99198.77000000</valUSD>
        <pctVal>0.210246324984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>China Modern Dairy Holdings Ltd.</name>
        <lei>549300TAELI2JXTKK009</lei>
        <title>China Modern Dairy Holdings Ltd. </title>
        <cusip>G21579100</cusip>
        <identifiers>
          <isin value="KYG215791008"/>
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        <balance>432000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>55679.97000000</valUSD>
        <pctVal>0.118010627225</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Anhui Expressway Company Ltd</name>
        <lei>529900UGCN9D11VHIL29</lei>
        <title>Anhui Expressway Co Ltd </title>
        <cusip>Y01374100</cusip>
        <identifiers>
          <isin value="CNE1000001X0"/>
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        <balance>58000.00000000</balance>
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        <valUSD>58512.63000000</valUSD>
        <pctVal>0.124014293954</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BGF Retail Co Ltd</name>
        <lei>N/A</lei>
        <title>BGF Retail Company, Ltd. </title>
        <cusip>Y0R8SQ109</cusip>
        <identifiers>
          <isin value="KR7282330000"/>
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        <balance>221.00000000</balance>
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        <valUSD>30691.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Industrial Bank of Korea</name>
        <lei>988400RBIWE3YA18PK12</lei>
        <title>INDUSTRIAL BANK OF KOREA </title>
        <cusip>Y3994L108</cusip>
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          <isin value="KR7024110009"/>
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        <balance>6979.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>54108.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Supalai Public Company Limited</name>
        <lei>N/A</lei>
        <title>Supalai PCL </title>
        <cusip>Y8309K182</cusip>
        <identifiers>
          <isin value="TH0371010Z05"/>
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        <balance>131600.00000000</balance>
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        <currencyConditional curCd="THB" exchangeRt="34.20600000"/>
        <valUSD>85516.34000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Maharashtra Seamless</name>
        <lei>3358005CN9WUZJFMHV66</lei>
        <title>Maharashtra Seamless Ltd. </title>
        <cusip>Y5405N110</cusip>
        <identifiers>
          <isin value="INE271B01025"/>
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        <balance>8027.00000000</balance>
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        <valUSD>34997.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Panin Life</name>
        <lei>N/A</lei>
        <title>PANIN FINANCIAL TBK PT </title>
        <cusip>Y7133P193</cusip>
        <identifiers>
          <isin value="ID1000095607"/>
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        <balance>1082200.00000000</balance>
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        <currencyConditional curCd="IDR" exchangeRt="14980.00000000"/>
        <valUSD>26596.57000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Minerva SA</name>
        <lei>391200UHL6YHY0OA1P30</lei>
        <title>Minerva S.A </title>
        <cusip>P6831V106</cusip>
        <identifiers>
          <isin value="BRBEEFACNOR6"/>
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        <balance>39400.00000000</balance>
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        <currencyConditional curCd="BRL" exchangeRt="5.06790000"/>
        <valUSD>81786.93000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cyient Limited</name>
        <lei>335800MJOXTUJ22Y4T72</lei>
        <title>Cyient Ltd </title>
        <cusip>Y4082D131</cusip>
        <identifiers>
          <isin value="INE136B01020"/>
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        <balance>2151.00000000</balance>
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        <valUSD>26115.11000000</valUSD>
        <pctVal>0.055349536128</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sinopharm Group Co Ltd</name>
        <lei>529900N54X78YH9JYK92</lei>
        <title>Sinopharm Group Co Ltd </title>
        <cusip>Y8008N107</cusip>
        <identifiers>
          <isin value="CNE100000FN7"/>
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        <balance>57200.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>172843.89000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Saudi Arabian Oil Company</name>
        <lei>5586006WD91QHB7J4X50</lei>
        <title>Saudi Arabian Oil </title>
        <cusip>M8237R104</cusip>
        <identifiers>
          <isin value="SA14TG012N13"/>
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        <balance>8110.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75320000"/>
        <valUSD>69910.99000000</valUSD>
        <pctVal>0.148172489674</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KOC Holdings AG</name>
        <lei>7890005U0H950VH19H45</lei>
        <title>KOC Holding A/S </title>
        <cusip>M63751107</cusip>
        <identifiers>
          <isin value="TRAKCHOL91Q8"/>
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        <balance>5561.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="19.18650000"/>
        <valUSD>22204.92000000</valUSD>
        <pctVal>0.047062103961</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fulgent Sun International Co Ltd</name>
        <lei>N/A</lei>
        <title>Fulgent Sun International (Holding) Co., Ltd. </title>
        <cusip>G36889106</cusip>
        <identifiers>
          <isin value="KYG368891068"/>
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        <balance>6000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>26273.90000000</valUSD>
        <pctVal>0.055686082781</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Weiqiao Textile Co</name>
        <lei>52990084P600SDPDIU34</lei>
        <title>WEIQIAO TEXTILE CO LTD - H </title>
        <cusip>Y95343102</cusip>
        <identifiers>
          <isin value="CNE1000004M7"/>
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        <balance>187701.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>28404.52000000</valUSD>
        <pctVal>0.060201814427</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UTD Tractors</name>
        <lei>529900N9ELYOWQV4FW14</lei>
        <title>PT United Tractors Tbk </title>
        <cusip>Y7146Y140</cusip>
        <identifiers>
          <isin value="ID1000058407"/>
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        <balance>38300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14980.00000000"/>
        <valUSD>74503.97000000</valUSD>
        <pctVal>0.157907057610</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sundaram Clayton</name>
        <lei>335800KOYGZCAEBGUM30</lei>
        <title>Sundaram-Clayton Limited </title>
        <cusip>Y8208Y168</cusip>
        <identifiers>
          <isin value="INE105A01035"/>
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        <balance>677.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>31056.60000000</valUSD>
        <pctVal>0.065822751799</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIC Ltd.</name>
        <lei>2549006I3Q3M98KHOT11</lei>
        <title>CITIC Ltd. </title>
        <cusip>Y1639J116</cusip>
        <identifiers>
          <isin value="HK0267001375"/>
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        <balance>89000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>104023.46000000</valUSD>
        <pctVal>0.220471989493</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Perusahaan Gas Negara Tbk</name>
        <lei>549300OX1VFDX7ZPN240</lei>
        <title>PERUSAHAAN GAS NEGARA PERSER </title>
        <cusip>Y7136Y118</cusip>
        <identifiers>
          <isin value="ID1000111602"/>
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        <balance>174900.00000000</balance>
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        <currencyConditional curCd="IDR" exchangeRt="14980.00000000"/>
        <valUSD>16161.10000000</valUSD>
        <pctVal>0.034252560618</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tianqi Lithium Corporation</name>
        <lei>300300IZ1J0MQ8YVEG66</lei>
        <title>Tianqi Lithium Corporation </title>
        <cusip>Y79327105</cusip>
        <identifiers>
          <isin value="CNE100000T32"/>
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        <balance>7000.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.86760000"/>
        <valUSD>77110.66000000</valUSD>
        <pctVal>0.163431793379</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KT Corp.</name>
        <lei>9884005ACF8449EANY26</lei>
        <title>KT Corporation </title>
        <cusip>48268K101</cusip>
        <identifiers>
          <isin value="US48268K1016"/>
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        <balance>19100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>216594.00000000</valUSD>
        <pctVal>0.459059043914</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cia Energetica Minas Gerais-Cemig</name>
        <lei>254900W703PXLDSEM056</lei>
        <title>Companhia Energtica de Minas Gerais - CEMIG ADR</title>
        <cusip>204409601</cusip>
        <identifiers>
          <isin value="US2044096012"/>
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        <balance>31400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>70336.00000000</valUSD>
        <pctVal>0.149073274941</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ecopetrol S.A.</name>
        <lei>254900IDGKCJICKBPA66</lei>
        <title>Ecopetrol S.A. Sponsored ADR</title>
        <cusip>279158109</cusip>
        <identifiers>
          <isin value="US2791581091"/>
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        <balance>4900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>51744.00000000</valUSD>
        <pctVal>0.109668555769</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Organizacion Terpel Sa</name>
        <lei>N/A</lei>
        <title>Organizacion Terpel S.A. </title>
        <cusip>P8S28V113</cusip>
        <identifiers>
          <isin value="COG20PA00021"/>
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        <balance>19911.00000000</balance>
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        <currencyConditional curCd="COP" exchangeRt="4655.50000000"/>
        <valUSD>32718.11000000</valUSD>
        <pctVal>0.069344230658</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bank Of Chongqing Co Ltd.</name>
        <lei>529900SL6VGZ82VFC372</lei>
        <title>Bank of Chongqing Co., Ltd. </title>
        <cusip>Y0R98B102</cusip>
        <identifiers>
          <isin value="CNE100001QN2"/>
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        <balance>45000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>24515.12000000</valUSD>
        <pctVal>0.051958445518</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Polski Koncern Naftowy ORLEN SA</name>
        <lei>259400VVMM70CQREJT74</lei>
        <title>Polski Koncern Naftowy Orlen S.A. </title>
        <cusip>X6922W204</cusip>
        <identifiers>
          <isin value="PLPKN0000018"/>
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        <balance>9415.00000000</balance>
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        <currencyConditional curCd="PLN" exchangeRt="4.31470000"/>
        <valUSD>127136.62000000</valUSD>
        <pctVal>0.269459058070</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Tupy SA</name>
        <lei>254900YH8MOZMIBO3R79</lei>
        <title>Tupy SA </title>
        <cusip>P9414P108</cusip>
        <identifiers>
          <isin value="BRTUPYACNOR1"/>
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        <balance>12400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.06790000"/>
        <valUSD>59260.84000000</valUSD>
        <pctVal>0.125600083806</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bukit Asam Tbk</name>
        <lei>529900XX13TXG5L4CN33</lei>
        <title>Bukit Asam Tbk PT </title>
        <cusip>Y8520P101</cusip>
        <identifiers>
          <isin value="ID1000094006"/>
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        <balance>123800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14980.00000000"/>
        <valUSD>33005.78000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Lx International Corp</name>
        <lei>988400KZJVVPCZ6BC265</lei>
        <title>LG International Corp </title>
        <cusip>Y52764100</cusip>
        <identifiers>
          <isin value="KR7001120005"/>
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        <balance>2352.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JK Paper Limited</name>
        <lei>335800JW9BQEHI6ASI59</lei>
        <title>JK Paper Ltd. </title>
        <cusip>Y1243A105</cusip>
        <identifiers>
          <isin value="INE789E01012"/>
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        <balance>4561.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sasol Ltd.</name>
        <lei>378900F4544561A97588</lei>
        <title>SASOL LTD </title>
        <cusip>803866102</cusip>
        <identifiers>
          <isin value="ZAE000006896"/>
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        <balance>12164.00000000</balance>
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        <currencyConditional curCd="ZAR" exchangeRt="17.80370000"/>
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        <pctVal>0.348419697613</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JB Financial Group Co Limited</name>
        <lei>N/A</lei>
        <title>JB Financial Group Co Ltd </title>
        <cusip>Y4S2E5104</cusip>
        <identifiers>
          <isin value="KR7175330000"/>
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        <balance>4981.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
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        <pctVal>0.070730495970</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COSCO SHIPPING Holdings Co., Ltd.</name>
        <lei>3003009XI0QGYYA29S17</lei>
        <title>CHINA COSCO HOLDINGS-H </title>
        <cusip>Y1839M109</cusip>
        <identifiers>
          <isin value="CNE1000002J7"/>
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        <balance>85700.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
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        <pctVal>0.204771099447</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Yankuang Energy Group Co Ltd.</name>
        <lei>3003005N7A6HYZ4Z0K39</lei>
        <title>Yanzhou Coal Mining Company Limited 35</title>
        <cusip>Y97417110</cusip>
        <identifiers>
          <isin value="CNE000000WV6"/>
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        <balance>6800.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.86760000"/>
        <valUSD>35255.12000000</valUSD>
        <pctVal>0.074721283508</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>China Everbright Bank Co Ltd.</name>
        <lei>549300U6PKQ4H1P34E17</lei>
        <title>China Everbright B </title>
        <cusip>Y1477U116</cusip>
        <identifiers>
          <isin value="CNE100000SL4"/>
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        <balance>101300.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.86760000"/>
        <valUSD>44399.66000000</valUSD>
        <pctVal>0.094102631973</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Seah Besteel Holdings Corp</name>
        <lei>N/A</lei>
        <title>SEAH BESTEEL CORP. </title>
        <cusip>Y7548M108</cusip>
        <identifiers>
          <isin value="KR7001430008"/>
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        <balance>1874.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Akbank T.A.S.</name>
        <lei>789000TUMN63Z28TJ497</lei>
        <title>Akbank T.A.S. </title>
        <cusip>M0300L106</cusip>
        <identifiers>
          <isin value="TRAAKBNK91N6"/>
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        <balance>80117.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="19.18650000"/>
        <valUSD>70864.91000000</valUSD>
        <pctVal>0.150194270532</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Indus Towers Ltd.</name>
        <lei>335800L6DI4VHODGDK41</lei>
        <title>BHARTI INFRATEL LTD. </title>
        <cusip>Y0R86J109</cusip>
        <identifiers>
          <isin value="INE121J01017"/>
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        <balance>39908.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>69602.26000000</valUSD>
        <pctVal>0.147518153457</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Novatek Microelectronics Corp.</name>
        <lei>N/A</lei>
        <title>Novatek Microelectronics Corporation </title>
        <cusip>Y64153102</cusip>
        <identifiers>
          <isin value="TW0003034005"/>
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        <balance>8000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>113299.13000000</valUSD>
        <pctVal>0.240131260765</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Simplo Technology</name>
        <lei>N/A</lei>
        <title>SIMPLO TECHNOLOGY CO LTD </title>
        <cusip>Y7987E104</cusip>
        <identifiers>
          <isin value="TW0006121007"/>
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        <balance>4000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>39765.82000000</valUSD>
        <pctVal>0.084281463520</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Value Added Techno</name>
        <lei>N/A</lei>
        <title>VALUE ADDED TECHNOLOGY CO LT </title>
        <cusip>Y9347V107</cusip>
        <identifiers>
          <isin value="KR7043150002"/>
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        <balance>2808.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>70206.28000000</valUSD>
        <pctVal>0.148798340552</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Commercial Bank Of Qatar</name>
        <lei>2138004FUUD4I7X8H721</lei>
        <title>THE COMMERCIAL BANK (Q.S.C) </title>
        <cusip>M25354107</cusip>
        <identifiers>
          <isin value="QA0007227752"/>
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        <balance>59692.00000000</balance>
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        <currencyConditional curCd="QAR" exchangeRt="3.64050000"/>
        <valUSD>95610.35000000</valUSD>
        <pctVal>0.202640866595</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Doosan Bobcat Inc</name>
        <lei>N/A</lei>
        <title>Doosan Bobcat, Inc. </title>
        <cusip>Y2103B100</cusip>
        <identifiers>
          <isin value="KR7241560002"/>
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        <balance>808.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>27091.49000000</valUSD>
        <pctVal>0.057418919719</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>China Tower Corp Ltd</name>
        <lei>300300T6BNNP0L7O7H91</lei>
        <title>China Tower Corp Ltd. </title>
        <cusip>Y15076105</cusip>
        <identifiers>
          <isin value="CNE100003688"/>
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        <balance>4286000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>518730.94000000</valUSD>
        <pctVal>1.099421633864</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Shin Kong Financial Holding Co Ltd.</name>
        <lei>529900YF6H5G3WJC6V36</lei>
        <title>Shin Kong Financial Holding Company Ltd. </title>
        <cusip>Y7753X104</cusip>
        <identifiers>
          <isin value="TW0002888005"/>
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        <balance>83000.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>22941.20000000</valUSD>
        <pctVal>0.048622608836</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Farglory Life Insu</name>
        <lei>N/A</lei>
        <title>Farglory Life Insurance Company Ltd. </title>
        <cusip>Y7R40N100</cusip>
        <identifiers>
          <isin value="TW0005859003"/>
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        <balance>55356.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>21380.67000000</valUSD>
        <pctVal>0.045315151520</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ganfeng Lithium Group Co Ltd</name>
        <lei>3003006BE6UOHWEOOR42</lei>
        <title>Ganfeng Lithium Group Company Ltd. </title>
        <cusip>Y444B3104</cusip>
        <identifiers>
          <isin value="CNE100000SF6"/>
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        <balance>2500.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.86760000"/>
        <valUSD>24234.44000000</valUSD>
        <pctVal>0.051363559730</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Thai Stanley Electric Public Co Ltd.</name>
        <lei>N/A</lei>
        <title>Thai Stanley Electric PCL </title>
        <cusip>Y8728Z133</cusip>
        <identifiers>
          <isin value="TH0233010Z07"/>
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        <balance>17267.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.20600000"/>
        <valUSD>91298.64000000</valUSD>
        <pctVal>0.193502434920</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Jindal Steel &amp; Power Ltd.</name>
        <lei>335800UIKQBF6QO2NP15</lei>
        <title>Jindal Steel &amp; Power Limited </title>
        <cusip>Y4447P100</cusip>
        <identifiers>
          <isin value="INE749A01030"/>
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        <balance>6244.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>41685.48000000</valUSD>
        <pctVal>0.088350077074</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Absa Group Ltd</name>
        <lei>2138006IPPRD4N6XLT30</lei>
        <title>Absa Group Ltd </title>
        <cusip>S0270C106</cusip>
        <identifiers>
          <isin value="ZAE000255915"/>
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        <balance>31671.00000000</balance>
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        <currencyConditional curCd="ZAR" exchangeRt="17.80370000"/>
        <valUSD>323742.07000000</valUSD>
        <pctVal>0.686153472067</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Manappuram Finance Ltd.</name>
        <lei>335800JL5WTUSKOSPN77</lei>
        <title>Manappuram Finance Ltd </title>
        <cusip>Y5759P141</cusip>
        <identifiers>
          <isin value="INE522D01027"/>
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        <balance>17650.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>26672.06000000</valUSD>
        <pctVal>0.056529960953</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Huayu Automotive Systems Co., Ltd.</name>
        <lei>3003001J2BNVV78BOT83</lei>
        <title>Huayu Automotive Systems Co Lt </title>
        <cusip>Y3750U102</cusip>
        <identifiers>
          <isin value="CNE000000M15"/>
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        <balance>103300.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.86760000"/>
        <valUSD>251733.07000000</valUSD>
        <pctVal>0.533534365845</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Shriram Finance Ltd.</name>
        <lei>335800TM2YO24B76XL26</lei>
        <title>SHRIRAM FINANCE LTD </title>
        <cusip>Y7758E119</cusip>
        <identifiers>
          <isin value="INE721A01013"/>
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        <balance>3057.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>47016.06000000</valUSD>
        <pctVal>0.099647947552</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Gas Malaysia Berhad</name>
        <lei>N/A</lei>
        <title>Gas Malaysia Bhd </title>
        <cusip>Y26830102</cusip>
        <identifiers>
          <isin value="MYL5209OO001"/>
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        <balance>33900.00000000</balance>
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        <currencyConditional curCd="MYR" exchangeRt="4.40750000"/>
        <valUSD>24320.70000000</valUSD>
        <pctVal>0.051546383045</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Evergreen Marine Corp. (Taiwan) Ltd.</name>
        <lei>254900EIJA0A39C5SO15</lei>
        <title>Evergreen Marine Company </title>
        <cusip>Y23632105</cusip>
        <identifiers>
          <isin value="TW0002603008"/>
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        <balance>11200.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>58459.83000000</valUSD>
        <pctVal>0.123902387264</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Oceana Group</name>
        <lei>378900F056B8F0D7F416</lei>
        <title>Oceana Group Ltd </title>
        <cusip>S57090102</cusip>
        <identifiers>
          <isin value="ZAE000025284"/>
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        <balance>5397.00000000</balance>
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        <valUSD>21028.77000000</valUSD>
        <pctVal>0.044569318868</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Malakoff Corporation Berhad</name>
        <lei>N/A</lei>
        <title>Malakoff Corporation Berhad </title>
        <cusip>Y5401R107</cusip>
        <identifiers>
          <isin value="MYL5264OO006"/>
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        <balance>159200.00000000</balance>
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        <currencyConditional curCd="MYR" exchangeRt="4.40750000"/>
        <valUSD>24925.07000000</valUSD>
        <pctVal>0.052827311946</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>The People's Insurance Company (Group) of China Limited</name>
        <lei>3003000P2JHYHQ524P66</lei>
        <title>PEOPLE'S INSURANCE CO GRO </title>
        <cusip>Y6800A109</cusip>
        <identifiers>
          <isin value="CNE100001MK7"/>
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        <balance>97000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>32366.88000000</valUSD>
        <pctVal>0.068599818034</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Polyplex Thailand</name>
        <lei>529900B3G8NVNTYVGM61</lei>
        <title>Polyplex (Thailand) PCL </title>
        <cusip>Y6987E106</cusip>
        <identifiers>
          <isin value="TH0815010002"/>
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        <balance>35000.00000000</balance>
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        <currencyConditional curCd="THB" exchangeRt="34.20600000"/>
        <valUSD>18033.31000000</valUSD>
        <pctVal>0.038220606513</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tata Investment</name>
        <lei>335800HMCCX6FK2I1449</lei>
        <title>Tata Investment Corp Ltd </title>
        <cusip>Y4175D113</cusip>
        <identifiers>
          <isin value="INE672A01018"/>
        </identifiers>
        <balance>4663.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>99332.02000000</valUSD>
        <pctVal>0.210528741014</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Anadolu Efes Biracilik ve Malt Sanayii A.S.</name>
        <lei>7890006LGARYVIPOJX03</lei>
        <title>Anadolu Efes Biracilik Ve Malt Sanayii A/S </title>
        <cusip>M10225106</cusip>
        <identifiers>
          <isin value="TRAAEFES91A9"/>
        </identifiers>
        <balance>9272.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="19.18650000"/>
        <valUSD>31014.48000000</valUSD>
        <pctVal>0.065733480781</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sichuan Xinhua Winshare Chain Store Co Ltd.</name>
        <lei>529900GRONU6MXRSA398</lei>
        <title>Xinhua Winshare Publishing and </title>
        <cusip>Y9725X105</cusip>
        <identifiers>
          <isin value="CNE1000004B0"/>
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        <balance>326000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>256075.22000000</valUSD>
        <pctVal>0.542737313422</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Exide Industries</name>
        <lei>335800X6SNGIZCBA9V34</lei>
        <title>Exide Industries Ltd. </title>
        <cusip>Y2383M131</cusip>
        <identifiers>
          <isin value="INE302A01020"/>
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        <balance>16978.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>36875.92000000</valUSD>
        <pctVal>0.078156479767</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SinoPac Financial Holdings Co Ltd (SPH)</name>
        <lei>N/A</lei>
        <title>SINOPAC FINANCIAL HOLDING </title>
        <cusip>Y8009U100</cusip>
        <identifiers>
          <isin value="TW0002890001"/>
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        <balance>141843.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>77289.84000000</valUSD>
        <pctVal>0.163811555512</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Netdragon Websoft Holdings Ltd</name>
        <lei>549300OAYL2PBUPUBR89</lei>
        <title>NetDragon Websoft Inc. </title>
        <cusip>G6427W104</cusip>
        <identifiers>
          <isin value="KYG6427W1042"/>
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        <balance>100000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>175819.48000000</valUSD>
        <pctVal>0.372639696345</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Power Finance Corp Ltd.</name>
        <lei>3358003Q6D9LIJJZ1614</lei>
        <title>Power Finance Corp Ltd </title>
        <cusip>Y7082R109</cusip>
        <identifiers>
          <isin value="INE134E01011"/>
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        <balance>86444.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>160079.68000000</valUSD>
        <pctVal>0.339280057854</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Impala Platinum Holdings Ltd</name>
        <lei>254900BZFIFB4PD2Z778</lei>
        <title>IMPALA PLATINUM HOLDINGS LTD </title>
        <cusip>S37840113</cusip>
        <identifiers>
          <isin value="ZAE000083648"/>
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        <balance>7404.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.80370000"/>
        <valUSD>68153.94000000</valUSD>
        <pctVal>0.144448519051</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Acter Group Corporation Ltd</name>
        <lei>N/A</lei>
        <title>Acter Company LTD </title>
        <cusip>Y00113103</cusip>
        <identifiers>
          <isin value="TW0005536007"/>
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        <balance>6000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>27172.51000000</valUSD>
        <pctVal>0.057590637143</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NMDC Ltd.</name>
        <lei>335800IXHXOHQ7B2HP66</lei>
        <title>NMDC Ltd </title>
        <cusip>Y6223W100</cusip>
        <identifiers>
          <isin value="INE584A01023"/>
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        <balance>70969.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>96693.76000000</valUSD>
        <pctVal>0.204937094370</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dr. Reddy's Laboratories Ltd.</name>
        <lei>335800OVDPY3DVZR2798</lei>
        <title>Dr. Reddy's Laboratories Ltd. ADR</title>
        <cusip>256135203</cusip>
        <identifiers>
          <isin value="US2561352038"/>
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        <balance>2300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>130939.00000000</valUSD>
        <pctVal>0.277517992885</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>Grupo Financiero Banorte S.A.B. de C.V.</name>
        <lei>N/A</lei>
        <title>Grupo Financiero Banorte SAB d </title>
        <cusip>P49501201</cusip>
        <identifiers>
          <isin value="MXP370711014"/>
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        <balance>15900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="18.02240000"/>
        <valUSD>133852.76000000</valUSD>
        <pctVal>0.283693546593</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>Bancolombia S.A.</name>
        <lei>54930052NWJRPNMP1W58</lei>
        <title>Bancolombia S.A. </title>
        <cusip>P1329P141</cusip>
        <identifiers>
          <isin value="COB07PA00078"/>
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        <balance>8469.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="COP" exchangeRt="4655.50000000"/>
        <valUSD>63651.66000000</valUSD>
        <pctVal>0.134906184765</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hyundai Glovis Co., Ltd</name>
        <lei>988400U6RDXNJ5ZRN304</lei>
        <title>Hyundai Glovis Co., Ltd. </title>
        <cusip>Y27294100</cusip>
        <identifiers>
          <isin value="KR7086280005"/>
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        <balance>2436.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>296574.02000000</valUSD>
        <pctVal>0.628572287649</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>China South Publishing &amp; Media Group Co Ltd.</name>
        <lei>N/A</lei>
        <title>China South Publishing &amp; Media Group Company Ltd. </title>
        <cusip>Y15174108</cusip>
        <identifiers>
          <isin value="CNE100000W03"/>
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        <balance>86500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.86760000"/>
        <valUSD>146500.78000000</valUSD>
        <pctVal>0.310500327800</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TPI Polene Public Company Limited</name>
        <lei>N/A</lei>
        <title>TPI Polene Public Company Limited </title>
        <cusip>Y8939N119</cusip>
        <identifiers>
          <isin value="TH0212A10Z07"/>
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        <balance>473300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.20600000"/>
        <valUSD>22168.54000000</valUSD>
        <pctVal>0.046984998556</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank Of Nanjing Co Ltd.</name>
        <lei>300300C1086932000062</lei>
        <title>Bank of Nanjing Co Ltd </title>
        <cusip>Y0698E109</cusip>
        <identifiers>
          <isin value="CNE100000627"/>
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        <balance>29000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.86760000"/>
        <valUSD>37843.16000000</valUSD>
        <pctVal>0.080206491630</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Alibaba Group Holding Ltd</name>
        <lei>5493001NTNQJDH60PM02</lei>
        <title>Alibaba Group Holding Ltd. ADR</title>
        <cusip>01609W102</cusip>
        <identifiers>
          <isin value="US01609W1027"/>
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        <balance>12400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1267032.00000000</valUSD>
        <pctVal>2.685404482714</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>National Aluminum</name>
        <lei>335800OM1V78CX7SSC72</lei>
        <title>National Aluminium Co Ltd </title>
        <cusip>Y6211M130</cusip>
        <identifiers>
          <isin value="INE139A01034"/>
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        <balance>26103.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>25009.88000000</valUSD>
        <pctVal>0.053007062066</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Flexium Interconnect Inc</name>
        <lei>213800WXE6VMVZICKA40</lei>
        <title>FLEXium Interconnect Inc </title>
        <cusip>Y2573J104</cusip>
        <identifiers>
          <isin value="TW0006269004"/>
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        <balance>8000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>26015.14000000</valUSD>
        <pctVal>0.055137655224</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AP (Thailand) Public Company Ltd</name>
        <lei>N/A</lei>
        <title>AP THAILAND PCL </title>
        <cusip>Y0209X109</cusip>
        <identifiers>
          <isin value="TH0308010Y08"/>
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        <balance>175900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.20600000"/>
        <valUSD>61812.20000000</valUSD>
        <pctVal>0.131007550690</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sberbank of Russia</name>
        <lei>549300WE6TAF5EEWQS81</lei>
        <title>Sberbank of Russia PJSC </title>
        <cusip>X76317100</cusip>
        <identifiers>
          <isin value="RU0009029540"/>
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        <balance>19830.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="77.65050000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wiwynn Corp.</name>
        <lei>254900FV2R15PMKXFL69</lei>
        <title>Wiwynn Corporation </title>
        <cusip>Y9673D101</cusip>
        <identifiers>
          <isin value="TW0006669005"/>
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        <balance>6000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>221854.43000000</valUSD>
        <pctVal>0.470208235334</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HCL Technologies Ltd.</name>
        <lei>549300C1F8OLYSOQYB65</lei>
        <title>HCL Technologies Ltd </title>
        <cusip>Y3121G147</cusip>
        <identifiers>
          <isin value="INE860A01027"/>
        </identifiers>
        <balance>24258.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>322178.29000000</valUSD>
        <pctVal>0.682839126556</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Construction Bank Corp.</name>
        <lei>5493001KQW6DM7KEDR62</lei>
        <title>China Construction Bank Corporation </title>
        <cusip>Y1397N101</cusip>
        <identifiers>
          <isin value="CNE1000002H1"/>
        </identifiers>
        <balance>790000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>511280.14000000</valUSD>
        <pctVal>1.083630073967</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bangkok Bank Public Company Limited</name>
        <lei>549300CCL2BKJGMYXV60</lei>
        <title>Bangkok Bank PCL </title>
        <cusip>Y0606R101</cusip>
        <identifiers>
          <isin value="TH0001010006"/>
        </identifiers>
        <balance>19100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.20600000"/>
        <valUSD>84697.28000000</valUSD>
        <pctVal>0.179511216280</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dogus Otomotiv Ser</name>
        <lei>789000PVDP82LTUNS694</lei>
        <title>Dogus Otomotiv Servis ve Ticaret A/S </title>
        <cusip>M28191100</cusip>
        <identifiers>
          <isin value="TREDOTO00013"/>
        </identifiers>
        <balance>7279.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="19.18650000"/>
        <valUSD>46441.10000000</valUSD>
        <pctVal>0.098429351525</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kaveri Seed Company Limited</name>
        <lei>N/A</lei>
        <title>Kaveri Seed Company Limited </title>
        <cusip>Y458A4137</cusip>
        <identifiers>
          <isin value="INE455I01029"/>
        </identifiers>
        <balance>5346.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>31150.57000000</valUSD>
        <pctVal>0.066021916034</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United Microelectronics Corp</name>
        <lei>391200YJCAGH9LF96P73</lei>
        <title>UNITED MICROELECTRONICS C </title>
        <cusip>Y92370108</cusip>
        <identifiers>
          <isin value="TW0002303005"/>
        </identifiers>
        <balance>325000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>566801.40000000</valUSD>
        <pctVal>1.201304324096</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Taiwan PCB Techvest Co., Ltd.</name>
        <lei>N/A</lei>
        <title>TAINWAN PCB TECHVEST CO., LTD. </title>
        <cusip>Y84126138</cusip>
        <identifiers>
          <isin value="TW0008213000"/>
        </identifiers>
        <balance>32000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>43469.38000000</valUSD>
        <pctVal>0.092130954792</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ITC Ltd.</name>
        <lei>335800WLOU3OFWFTMP43</lei>
        <title>ITC Limited </title>
        <cusip>Y4211T171</cusip>
        <identifiers>
          <isin value="INE154A01025"/>
        </identifiers>
        <balance>68105.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>318793.22000000</valUSD>
        <pctVal>0.675664657283</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gold Circuit Electronics Co</name>
        <lei>N/A</lei>
        <title>Gold Circuit Electronics Ltd. </title>
        <cusip>Y27431108</cusip>
        <identifiers>
          <isin value="TW0002368008"/>
        </identifiers>
        <balance>9000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>28786.07000000</valUSD>
        <pctVal>0.061010488620</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hankook Tire &amp; Technology Co Ltd.</name>
        <lei>9884001BIEVM09M7AH02</lei>
        <title>HANKOOK TIRE CO LTD </title>
        <cusip>Y3R57J108</cusip>
        <identifiers>
          <isin value="KR7161390000"/>
        </identifiers>
        <balance>1358.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>36211.21000000</valUSD>
        <pctVal>0.076747663562</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pt Perusahaan Perkebunan London Sumatra Indonesia Tbk</name>
        <lei>5299004YVLW9J08ITY27</lei>
        <title>PT Perusahaan Perkebunan London Sumatra </title>
        <cusip>Y7137X101</cusip>
        <identifiers>
          <isin value="ID1000118409"/>
        </identifiers>
        <balance>513115.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14980.00000000"/>
        <valUSD>34950.43000000</valUSD>
        <pctVal>0.074075509848</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Reliance Industries Ltd.</name>
        <lei>5493003UOETFYRONLG31</lei>
        <title>Reliance Industries, Ltd. </title>
        <cusip>759470107</cusip>
        <identifiers>
          <isin value="US7594701077"/>
        </identifiers>
        <balance>2907.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>164009.31000000</valUSD>
        <pctVal>0.347608692030</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>Grupo Mexico SAB de CV</name>
        <lei>529900JWLZAYET2ZGW20</lei>
        <title>Grupo Mexico S.A.B. de C.V. </title>
        <cusip>P49538112</cusip>
        <identifiers>
          <isin value="MXP370841019"/>
        </identifiers>
        <balance>5500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="18.02240000"/>
        <valUSD>26040.65000000</valUSD>
        <pctVal>0.055191722263</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>Thaifoods Group Public Company Limited</name>
        <lei>N/A</lei>
        <title>Thaifoods Group Public Company Limited </title>
        <cusip>Y8636A105</cusip>
        <identifiers>
          <isin value="TH6717010008"/>
        </identifiers>
        <balance>814100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.20600000"/>
        <valUSD>125265.75000000</valUSD>
        <pctVal>0.265493852231</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lee &amp; Man Chemical Co Ltd</name>
        <lei>N/A</lei>
        <title>Lee &amp; Man Chemical Co Ltd </title>
        <cusip>G5427E114</cusip>
        <identifiers>
          <isin value="KYG5427E1145"/>
        </identifiers>
        <balance>30000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>19803.42000000</valUSD>
        <pctVal>0.041972257086</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <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>P11427112</cusip>
        <identifiers>
          <isin value="BRBBASACNOR3"/>
        </identifiers>
        <balance>64000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.06790000"/>
        <valUSD>493900.83000000</valUSD>
        <pctVal>1.046795584403</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sunonwealth Electric Machine Ind Co</name>
        <lei>N/A</lei>
        <title>SUNONWEALTH ELECTRIC MACHINE </title>
        <cusip>Y8300T109</cusip>
        <identifiers>
          <isin value="TW0002421005"/>
        </identifiers>
        <balance>17000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>29233.71000000</valUSD>
        <pctVal>0.061959236925</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China CITIC Bank Corp Ltd.</name>
        <lei>300300C1030211000384</lei>
        <title>China CITIC Bank Corp Ltd </title>
        <cusip>Y1434M116</cusip>
        <identifiers>
          <isin value="CNE1000001Q4"/>
        </identifiers>
        <balance>171000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>86023.00000000</valUSD>
        <pctVal>0.182321006743</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fufeng Group Limited</name>
        <lei>549300OQ91X6COVM4483</lei>
        <title>FUFENG GROUP LIMTED </title>
        <cusip>G36844119</cusip>
        <identifiers>
          <isin value="KYG368441195"/>
        </identifiers>
        <balance>34692.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>19985.41000000</valUSD>
        <pctVal>0.042357974860</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Magnitogorsk Iron and Steel Works PJSC</name>
        <lei>253400XSJ4C01YMCXG44</lei>
        <title>Magnitogorsk Iron &amp; Steel Works PJSC </title>
        <cusip>X5171A103</cusip>
        <identifiers>
          <isin value="RU0009084396"/>
        </identifiers>
        <balance>194390.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="77.65050000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank Polska Kasa Opieki SA</name>
        <lei>5493000LKS7B3UTF7H35</lei>
        <title>Bank Polska Kasa Opieki S.A. </title>
        <cusip>X0R77T117</cusip>
        <identifiers>
          <isin value="PLPEKAO00016"/>
        </identifiers>
        <balance>3850.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="4.31470000"/>
        <valUSD>76621.06000000</valUSD>
        <pctVal>0.162394113167</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Haci Omer Sabanci Holding A.S.</name>
        <lei>78900090FFOWNLGP0F20</lei>
        <title>Haci Omer Sabanci Holding A.S. </title>
        <cusip>M8223R100</cusip>
        <identifiers>
          <isin value="TRASAHOL91Q5"/>
        </identifiers>
        <balance>25448.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="19.18650000"/>
        <valUSD>52612.53000000</valUSD>
        <pctVal>0.111509357229</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Taidoc Technology</name>
        <lei>N/A</lei>
        <title>TaiDoc Technology Corp </title>
        <cusip>Y8358E111</cusip>
        <identifiers>
          <isin value="TW0004736004"/>
        </identifiers>
        <balance>17000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>103113.87000000</valUSD>
        <pctVal>0.218544163626</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alexandria Minerals Oils Co.</name>
        <lei>213800ZVQ7RT74VIA832</lei>
        <title>Alexandria Mineral Oils Company </title>
        <cusip>M0726T105</cusip>
        <identifiers>
          <isin value="EGS380P1C010"/>
        </identifiers>
        <balance>145776.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EGP" exchangeRt="30.80150000"/>
        <valUSD>42894.07000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sociedad Quimica y Minera de Chile S A</name>
        <lei>TJ88LXZZW5PWIN93ZC81</lei>
        <title>Sociedad Quimica y Minera de Chile S.A. ADR</title>
        <cusip>833635105</cusip>
        <identifiers>
          <isin value="US8336351056"/>
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        <balance>900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>72954.00000000</valUSD>
        <pctVal>0.154621981632</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Sibanye-Stillwater Limited</name>
        <lei>378900F238434B74D281</lei>
        <title>Sibanye-Stillwater Ltd. ADR</title>
        <cusip>82575P107</cusip>
        <identifiers>
          <isin value="US82575P1075"/>
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        <balance>4100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>34112.00000000</valUSD>
        <pctVal>0.072298503679</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Hanwha Corporation</name>
        <lei>988400JE9FIHQS7TX614</lei>
        <title>HANWHA CORPORATION </title>
        <cusip>Y3065M100</cusip>
        <identifiers>
          <isin value="KR7000880005"/>
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        <balance>1033.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>20837.38000000</valUSD>
        <pctVal>0.044163678312</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Saudi Invest Bank</name>
        <lei>558600V3J4M5TUY9HR70</lei>
        <title>Saudi Investment Bank (The) </title>
        <cusip>M8236J111</cusip>
        <identifiers>
          <isin value="SA0007879063"/>
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        <balance>38631.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75320000"/>
        <valUSD>171530.12000000</valUSD>
        <pctVal>0.363548634263</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Eclerx Services Li</name>
        <lei>335800AL5EIRPWHMSY54</lei>
        <title>eClerx Services Ltd </title>
        <cusip>Y22385101</cusip>
        <identifiers>
          <isin value="INE738I01010"/>
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        <balance>1339.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>21094.15000000</valUSD>
        <pctVal>0.044707888174</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ozak Gayrimenkul Y</name>
        <lei>789000WGRKZVCFLA9230</lei>
        <title>Ozak Gayrimenkul Yatirim Ortakligi </title>
        <cusip>M7757K101</cusip>
        <identifiers>
          <isin value="TREOZAK00014"/>
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        <balance>39142.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="19.18650000"/>
        <valUSD>24872.47000000</valUSD>
        <pctVal>0.052715829145</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Chipbond Technology Corp</name>
        <lei>254900AK7VTHB4UYLR40</lei>
        <title>Chipbond Technology Corp </title>
        <cusip>Y15657102</cusip>
        <identifiers>
          <isin value="TW0006147002"/>
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        <balance>18000.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>40922.36000000</valUSD>
        <pctVal>0.086732686299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PetroChina Co Ltd.</name>
        <lei>529900RPY4YG47TRSV05</lei>
        <title>PetroChina Company Ltd. </title>
        <cusip>Y6883Q104</cusip>
        <identifiers>
          <isin value="CNE1000003W8"/>
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        <balance>100000.00000000</balance>
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        <valUSD>59072.99000000</valUSD>
        <pctVal>0.125201946086</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Godfrey Phillips</name>
        <lei>335800G5RNAHTNVKE518</lei>
        <title>Godfrey Phillips India Ltd </title>
        <cusip>Y2731H156</cusip>
        <identifiers>
          <isin value="INE260B01028"/>
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        <balance>4868.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>108128.50000000</valUSD>
        <pctVal>0.229172395495</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sitios Latinoamerica S.A.B. De C.V</name>
        <lei>N/A</lei>
        <title>Sitios LatinoAmerica S.A.B. de C.V. </title>
        <cusip>P87026103</cusip>
        <identifiers>
          <isin value="MX01LA080009"/>
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        <balance>10500.00000000</balance>
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        <currencyConditional curCd="MXN" exchangeRt="18.02240000"/>
        <valUSD>4328.78000000</valUSD>
        <pctVal>0.009174610599</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>
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      <invstOrSec>
        <name>Daqo New Energy Corp.</name>
        <lei>529900711JBZ5O7VA827</lei>
        <title>DAQO NEW ENERGY CORPORATION </title>
        <cusip>23703Q203</cusip>
        <identifiers>
          <isin value="US23703Q2030"/>
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        <balance>4700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>220148.00000000</valUSD>
        <pctVal>0.466591551010</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Abou Kir Fertilize</name>
        <lei>N/A</lei>
        <title>Abou Kir Fertilizers &amp; Chemical Industries </title>
        <cusip>M0116K102</cusip>
        <identifiers>
          <isin value="EGS38191C010"/>
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        <balance>37675.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EGP" exchangeRt="30.80150000"/>
        <valUSD>53726.91000000</valUSD>
        <pctVal>0.113871224212</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>China Feihe Ltd.</name>
        <lei>N/A</lei>
        <title>China Feihe LTD </title>
        <cusip>G2121Q105</cusip>
        <identifiers>
          <isin value="KYG2121Q1055"/>
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        <balance>561000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>420930.81000000</valUSD>
        <pctVal>0.892139649264</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ZTO Express (Cayman) Inc</name>
        <lei>549300SCJPK3YZJTJR78</lei>
        <title>ZTO Express Cayman, Inc. ADR</title>
        <cusip>98980A105</cusip>
        <identifiers>
          <isin value="US98980A1051"/>
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        <balance>800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22928.00000000</valUSD>
        <pctVal>0.048594632163</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Truworths International Ltd.</name>
        <lei>37890099AFD770037522</lei>
        <title>Truworths International Ltd. </title>
        <cusip>S8793H130</cusip>
        <identifiers>
          <isin value="ZAE000028296"/>
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        <balance>11793.00000000</balance>
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        <currencyConditional curCd="ZAR" exchangeRt="17.80370000"/>
        <valUSD>35387.20000000</valUSD>
        <pctVal>0.075001219788</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nava Ltd.</name>
        <lei>3358001S6IZR91SKJT54</lei>
        <title>Nava Ltd </title>
        <cusip>Y6254S143</cusip>
        <identifiers>
          <isin value="INE725A01022"/>
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        <balance>21296.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="82.14700000"/>
        <valUSD>56781.38000000</valUSD>
        <pctVal>0.120345005009</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Tianjin Port Devel</name>
        <lei>529900U3Z18PIW2UXS70</lei>
        <title>Tianjin Port Development Holdi </title>
        <cusip>G88680106</cusip>
        <identifiers>
          <isin value="KYG886801060"/>
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        <balance>320000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>23612.78000000</valUSD>
        <pctVal>0.050045985627</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Zhen Ding Technology Holding Ltd</name>
        <lei>549300H7R4K33675UP38</lei>
        <title>ZHEN DING TECHNOLOGY HOLD </title>
        <cusip>G98922100</cusip>
        <identifiers>
          <isin value="KYG989221000"/>
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        <balance>45000.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="30.55100000"/>
        <valUSD>168744.01000000</valUSD>
        <pctVal>0.357643627694</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Snt Motiv Co Limited</name>
        <lei>N/A</lei>
        <title>S&amp;T MOTIV CO LTD </title>
        <cusip>Y1915T150</cusip>
        <identifiers>
          <isin value="KR7064960008"/>
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        <balance>832.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>29962.87000000</valUSD>
        <pctVal>0.063504651352</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Gazprom Public Joint Stock Company</name>
        <lei>213800FD9J2IHTA7YX78</lei>
        <title>Gazprom PJSC </title>
        <cusip>X3123F106</cusip>
        <identifiers>
          <isin value="RU0007661625"/>
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        <balance>101150.00000000</balance>
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        <currencyConditional curCd="RUB" exchangeRt="77.65050000"/>
        <valUSD>0.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Handsome Corp</name>
        <lei>N/A</lei>
        <title>Handsome Co Ltd </title>
        <cusip>Y3004A118</cusip>
        <identifiers>
          <isin value="KR7020000006"/>
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        <balance>1160.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1305.90000000"/>
        <valUSD>23181.38000000</valUSD>
        <pctVal>0.049131657106</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Emirates Telecommunications Group Company PJSC</name>
        <lei>529900XDPQPWEQ9BGB80</lei>
        <title>Emirates Telecommunications Gr </title>
        <cusip>M4040L103</cusip>
        <identifiers>
          <isin value="AEE000401019"/>
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        <balance>9241.00000000</balance>
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        <currencyConditional curCd="AED" exchangeRt="3.67270000"/>
        <valUSD>55521.09000000</valUSD>
        <pctVal>0.117673889823</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Qingling Motors Co</name>
        <lei>529900I7UYPJK009BA83</lei>
        <title>Qingling Motors Co Ltd </title>
        <cusip>Y71713104</cusip>
        <identifiers>
          <isin value="CNE1000003Y4"/>
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        <balance>492000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84996000"/>
        <valUSD>53908.06000000</valUSD>
        <pctVal>0.114255161652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2023-04-24</ncom:dateSigned>
      <ncom:nameOfApplicant>SBH Emerging Markets Fund</ncom:nameOfApplicant>
      <ncom:signature>Jennifer L. Leamer</ncom:signature>
      <ncom:signerName>Jennifer L. Leamer</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
