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      </invstOrSec>
      <invstOrSec>
        <name>TATA CONSULTANCY SERVICES LTD - PNOTE</name>
        <lei>335800ZJKU9GPQRE2U66</lei>
        <title>TATA CONSULTANCY SERVICES LTD - PNOTE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE467B01029"/>
          <ticker value="TCS"/>
          <other otherDesc="SEDOL" value="B01NPJ1"/>
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        <balance>30365.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1285720.81000000</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>
      <invstOrSec>
        <name>Infosys Ltd</name>
        <lei>335800TYLGG93MM7PR89</lei>
        <title>Infosys Ltd</title>
        <cusip>456788108</cusip>
        <identifiers>
          <isin value="US4567881085"/>
          <ticker value="INFY"/>
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        <balance>120000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2053200.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Yum China Holdings Inc</name>
        <lei>529900DO9BYZ7VA3K502</lei>
        <title>Yum China Holdings Inc</title>
        <cusip>98850P109</cusip>
        <identifiers>
          <isin value="US98850P1093"/>
          <ticker value="YUMC"/>
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        <balance>40000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2228800.00000000</valUSD>
        <pctVal>2.489518390927</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Goodman Group</name>
        <lei>N/A</lei>
        <title>Goodman Group</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000GMG2"/>
          <ticker value="GMG"/>
          <other otherDesc="SEDOL" value="B03FYZ4"/>
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        <balance>227346.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55533089"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Reliance Industries Ltd</name>
        <lei>5493003UOETFYRONLG31</lei>
        <title>Reliance Industries Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE002A01018"/>
          <ticker value="RELIANCE"/>
          <other otherDesc="SEDOL" value="6099626"/>
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        <balance>37200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="83.04125000"/>
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        <pctVal>1.169870164031</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>APOLLO HOSPITALS ENTERPRISE LTD - PNOTE</name>
        <lei>3358005YT7JQCWYLTG43</lei>
        <title>APOLLO HOSPITALS ENTERPRISE LTD - PNOTE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE437A01024"/>
          <ticker value="APHS"/>
          <other otherDesc="SEDOL" value="6273583"/>
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        <balance>58000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3581414.91000000</valUSD>
        <pctVal>4.000358167618</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>SK Hynix Inc</name>
        <lei>988400XAIK6XISWQV045</lei>
        <title>SK Hynix Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7000660001"/>
          <ticker value="000660"/>
          <other otherDesc="SEDOL" value="6450267"/>
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        <balance>19000.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1349.40000000"/>
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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>HKEX</name>
        <lei>213800YTVSXYQN17BW16</lei>
        <title>Hong Kong Exchanges &amp; Clearing Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0388045442"/>
          <ticker value="388"/>
          <other otherDesc="SEDOL" value="6267359"/>
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        <balance>107600.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.83095000"/>
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        <pctVal>4.460462539090</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Samsung SDI Co Ltd</name>
        <lei>9884002AESDO4YW87G32</lei>
        <title>Samsung SDI Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7006400006"/>
          <ticker value="006400"/>
          <other otherDesc="SEDOL" value="6771645"/>
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        <balance>6700.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1349.40000000"/>
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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>RELIANCE INDUSTRIES LTD-PNOTE</name>
        <lei>5493003UOETFYRONLG31</lei>
        <title>RELIANCE INDUSTRIES LTD-PNOTE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE002A01018"/>
          <other otherDesc="SEDOL" value="6099626"/>
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        <balance>36895.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1038766.66000000</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>ZOMATO LTD Pnote</name>
        <lei>335800T4VOF9ETHF8W59</lei>
        <title>ZOMATO LTD Pnote</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE758T01015"/>
          <ticker value="ZOMATO"/>
          <other otherDesc="SEDOL" value="BL6P210"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1218000.00000000</valUSD>
        <pctVal>1.360478015142</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>KOTAK MAHINDRA BANK LTD - PNOTE</name>
        <lei>335800E6GTTXKHXE2I75</lei>
        <title>KOTAK MAHINDRA BANK LTD - PNOTE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE237A01028"/>
          <ticker value="KMB"/>
          <other otherDesc="SEDOL" value="6135661"/>
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        <balance>187500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3907502.44000000</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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      <invstOrSec>
        <name>H World Group Ltd</name>
        <lei>549300Y5ML31FVN83730</lei>
        <title>H World Group Ltd</title>
        <cusip>44332N106</cusip>
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          <isin value="US44332N1063"/>
          <ticker value="HTHT"/>
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        <balance>45000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1774350.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Samsung Electronics Co Ltd</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>Samsung Electronics Co Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="KR7005930003"/>
          <ticker value="005930"/>
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        <balance>118150.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TITAN CO LTD - PNOTE</name>
        <lei>549300RO9VJWPK37FE54</lei>
        <title>TITAN CO LTD - PNOTE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE280A01028"/>
          <ticker value="TTAN"/>
          <other otherDesc="SEDOL" value="6139340"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Meituan</name>
        <lei>21380033K525E5JLIA77</lei>
        <title>Meituan</title>
        <cusip>000000000</cusip>
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          <isin value="KYG596691041"/>
          <ticker value="3690"/>
          <other otherDesc="SEDOL" value="BGJW376"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Dreyfus Institutional Preferred Government Money Market Fund</name>
        <lei>549300RBWL04JG8SIX57</lei>
        <title>Dreyfus Institutional Preferred Government Money Market Fund</title>
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          <isin value="US26200X1000"/>
          <ticker value="DSVXX"/>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Alibaba Group Holding Ltd</name>
        <lei>5493001NTNQJDH60PM02</lei>
        <title>Alibaba Group Holding Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="KYG017191142"/>
          <ticker value="9988"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kweichow Moutai Co Ltd</name>
        <lei>N/A</lei>
        <title>Kweichow Moutai Co Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="CNE0000018R8"/>
          <ticker value="600519"/>
          <other otherDesc="SEDOL" value="BP3R2F1"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Coupang Inc</name>
        <lei>549300XR4L1D80AK4W76</lei>
        <title>Coupang Inc</title>
        <cusip>22266T109</cusip>
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          <ticker value="CPNG"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>NATIONAL BANK FINANCIAL INC.</name>
        <lei>549300D83GR71RNG0O65</lei>
        <title>NATIONAL BANK FINANCIAL INC</title>
        <cusip>000000000</cusip>
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        <assetCat>RA</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>REA Group Ltd</name>
        <lei>N/A</lei>
        <title>REA Group Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000REA9"/>
          <ticker value="REA"/>
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        <balance>28000.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55533089"/>
        <valUSD>2765348.35000000</valUSD>
        <pctVal>3.088830570103</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HDFC Bank Ltd</name>
        <lei>335800ZQ6I4E2JXENC50</lei>
        <title>HDFC Bank Ltd</title>
        <cusip>40415F101</cusip>
        <identifiers>
          <isin value="US40415F1012"/>
          <ticker value="HDB"/>
        </identifiers>
        <balance>41772.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2464965.72000000</valUSD>
        <pctVal>2.753310074006</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>TSMC</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>Taiwan Semiconductor Manufacturing Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002330008"/>
          <ticker value="2330"/>
          <other otherDesc="SEDOL" value="6889106"/>
        </identifiers>
        <balance>360400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.28050000"/>
        <valUSD>5876770.41000000</valUSD>
        <pctVal>6.564217522862</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>ResMed Inc</name>
        <lei>529900T3QE5253CCXF22</lei>
        <title>ResMed Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000RMD6"/>
          <ticker value="RMD"/>
          <other otherDesc="SEDOL" value="6221667"/>
        </identifiers>
        <balance>40000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55533089"/>
        <valUSD>604965.54000000</valUSD>
        <pctVal>0.675732608447</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="453724.15704070"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LG Chem Ltd</name>
        <lei>988400IES4EIG7O06940</lei>
        <title>LG Chem Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7051910008"/>
          <ticker value="051910"/>
          <other otherDesc="SEDOL" value="6346913"/>
        </identifiers>
        <balance>6090.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1349.40000000"/>
        <valUSD>2229769.38000000</valUSD>
        <pctVal>2.490601166115</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>Dreyfus Government Cash Management</name>
        <lei>5493000Q69I5Q3QZIA91</lei>
        <title>Dreyfus Government Cash Management</title>
        <cusip>262006208</cusip>
        <identifiers>
          <isin value="US2620062081"/>
          <ticker value="DGCXX"/>
        </identifiers>
        <balance>318520.53000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>318520.53000000</valUSD>
        <pctVal>0.355780113658</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PING AN</name>
        <lei>529900M9MC28JLN35U89</lei>
        <title>Ping An Insurance Group Co of China Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE000001R84"/>
          <ticker value="601318"/>
          <other otherDesc="SEDOL" value="BP3R284"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.30405000"/>
        <valUSD>666600.38000000</valUSD>
        <pctVal>0.744577308600</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>AIA Group Ltd</name>
        <lei>ZP5ILWVSYE4LJGMMVD57</lei>
        <title>AIA Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0000069689"/>
          <ticker value="1299"/>
          <other otherDesc="SEDOL" value="B4TX8S1"/>
        </identifiers>
        <balance>198000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83095000"/>
        <valUSD>1601255.11000000</valUSD>
        <pctVal>1.788565167315</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>Tencent Holdings Ltd</name>
        <lei>254900N4SLUMW4XUYY11</lei>
        <title>Tencent Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG875721634"/>
          <ticker value="700"/>
          <other otherDesc="SEDOL" value="BMMV2K8"/>
        </identifiers>
        <balance>116739.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83095000"/>
        <valUSD>4525265.84000000</valUSD>
        <pctVal>5.054617970440</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>BETHESDA SECURITIES, LLC</name>
        <lei>254900O3C3TARG6WQ048</lei>
        <title>BETHESDA SECURITIES</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="5834900046"/>
        </identifiers>
        <balance>466000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>466000.00000000</valUSD>
        <pctVal>0.520511293149</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="254900O3C3TARG6WQ048" name="BETHESDA SECURITIES, LLC"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>5.39000000</repurchaseRt>
          <maturityDt>2023-10-02</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>1904031.06082400</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>475320.00180808</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>AMBS</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="466000.00000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2023-11-20</ncom:dateSigned>
      <ncom:nameOfApplicant>AMG Funds III</ncom:nameOfApplicant>
      <ncom:signature>Thomas Disbrow</ncom:signature>
      <ncom:signerName>Thomas Disbrow</ncom:signerName>
      <ncom:title>Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
