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        <curCd>USD</curCd>
        <valUSD>17167729.53000000</valUSD>
        <pctVal>5.379809424196</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="17167729.53000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CREDITO REAL S A DE C V SOCIEDAD FINANCIERA DE OBJETO MULTIPLE ENTIDAD NO REGULADA</name>
        <lei>549300W2IL7TPPCTKL39</lei>
        <title>CREDITO REAL SAB DE CV SOFOM ER</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX00CR000000"/>
        </identifiers>
        <balance>14635664.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="24.10100000"/>
        <valUSD>8805324.59000000</valUSD>
        <pctVal>2.759303035943</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>GLOBANT SA</name>
        <lei>2221008DCMSPYS42DS88</lei>
        <title>GLOBANT SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="LU0974299876"/>
        </identifiers>
        <balance>104597.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12098734.99000000</valUSD>
        <pctVal>3.791350999927</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RUMO SA</name>
        <lei>N/A</lei>
        <title>RUMO SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRRAILACNOR9"/>
        </identifiers>
        <balance>3064334.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.43790000"/>
        <valUSD>11151946.50000000</valUSD>
        <pctVal>3.494658205908</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>SER EDUCACIONAL SA</name>
        <lei>N/A</lei>
        <title>SER EDUCACIONAL S A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRSEERACNOR5"/>
        </identifiers>
        <balance>2593816.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.43790000"/>
        <valUSD>8108805.24000000</valUSD>
        <pctVal>2.541036470366</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>LOJAS AMERICANAS SA</name>
        <lei>N/A</lei>
        <title>LOJAS AMERICANAS (PN)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRLAMEACNPR6"/>
        </identifiers>
        <balance>2079285.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.43790000"/>
        <valUSD>9513343.53000000</valUSD>
        <pctVal>2.981173199919</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>HAPVIDA PARTICIPACOES E INVESTIMENTOS SA</name>
        <lei>N/A</lei>
        <title>HAPVIDA PARTICIPACOES E INVESTIMENTOS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRHAPVACNOR4"/>
        </identifiers>
        <balance>1001015.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.43790000"/>
        <valUSD>9653216.61000000</valUSD>
        <pctVal>3.025004884981</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>GENOMMA LAB INTERNACIONAL SA</name>
        <lei>N/A</lei>
        <title>GENOMMA LAB INTERNACIONAL SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX01LA010006"/>
        </identifiers>
        <balance>26538731.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="24.10100000"/>
        <valUSD>21373252.92000000</valUSD>
        <pctVal>6.697684005552</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>PAGSEGURO DIGITAL LTD</name>
        <lei>N/A</lei>
        <title>PAGSEGURO DIGITAL LTD CL A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG687071012"/>
        </identifiers>
        <balance>356422.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9028169.26000000</valUSD>
        <pctVal>2.829135325280</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="6904958.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIRSTCASH INC</name>
        <lei>549300V2X3UU7K0DG350</lei>
        <title>FIRSTCASH INC</title>
        <cusip>33767D105</cusip>
        <identifiers>
          <isin value="US33767D1054"/>
        </identifiers>
        <balance>106141.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7625169.44000000</valUSD>
        <pctVal>2.389480702309</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AFYA LTD</name>
        <lei>54930008Y7J8Z1BSDT57</lei>
        <title>AFYA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG011251066"/>
        </identifiers>
        <balance>1073086.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>23328889.64000000</valUSD>
        <pctVal>7.310517102566</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="3630580.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CVC BRASIL OPERADORA E AGENCIA DE VIAGENS SA</name>
        <lei>N/A</lei>
        <title>CVC BRASIL OPERADORA E AGENCIA DE VIAGENS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRCVCBACNOR1"/>
        </identifiers>
        <balance>1940700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.43790000"/>
        <valUSD>4925000.46000000</valUSD>
        <pctVal>1.543335351513</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>BANCO DO BRASIL SA</name>
        <lei>QE0Q0253K88YAGNPE356</lei>
        <title>BANCO DO BRASIL SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRBBASACNOR3"/>
        </identifiers>
        <balance>1645827.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.43790000"/>
        <valUSD>8625769.05000000</valUSD>
        <pctVal>2.703036155423</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>GRUPO AEROPORTUARIO DEL CENTRO NORTE SAB DE CV</name>
        <lei>529900HUSBARAFSXJ605</lei>
        <title>GRUPO AERO CENTRO NORTE CL B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX01OM000018"/>
        </identifiers>
        <balance>1964203.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="24.10100000"/>
        <valUSD>7155596.17000000</valUSD>
        <pctVal>2.242331674892</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>LOJAS RENNER SA</name>
        <lei>N/A</lei>
        <title>LOJAS RENNER SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRLRENACNOR1"/>
        </identifiers>
        <balance>1505104.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.43790000"/>
        <valUSD>10625598.59000000</valUSD>
        <pctVal>3.329717848380</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>ITAUSA INVESTIMENTOS ITAU SA</name>
        <lei>N/A</lei>
        <title>ITAUSA (INVEST ITAU) PFD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRITSAACNPR7"/>
        </identifiers>
        <balance>14951909.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.43790000"/>
        <valUSD>24746166.90000000</valUSD>
        <pctVal>7.754645811999</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>QUALITAS CONTROLADO SAB DE CV</name>
        <lei>N/A</lei>
        <title>QUALITAS CONTROLADO SAB DE CV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX01Q0000008"/>
        </identifiers>
        <balance>5215173.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="24.10100000"/>
        <valUSD>21500335.64000000</valUSD>
        <pctVal>6.737507606776</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>SUZANO SA</name>
        <lei>391200AW174YQSDMGG41</lei>
        <title>SUZANO SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRSUZBACNOR0"/>
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        <balance>1578891.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.43790000"/>
        <valUSD>11442669.84000000</valUSD>
        <pctVal>3.585761468085</pctVal>
        <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>
      <invstOrSec>
        <name>BANCO DEL BAJIO SA</name>
        <lei>4469000001BD95FFLY16</lei>
        <title>BANCO DEL BAJIO SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX41BB000000"/>
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        <balance>6283777.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="24.10100000"/>
        <valUSD>4953809.51000000</valUSD>
        <pctVal>1.552363173068</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>COPA HOLDINGS SA</name>
        <lei>529900BB9UQJV6QQHA59</lei>
        <title>COPA HOLDINGS SA CL A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PAP310761054"/>
        </identifiers>
        <balance>155289.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6865326.69000000</valUSD>
        <pctVal>2.151370637713</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="6861392.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QUALICORP CONSULTORIA E CORRETORA DE SEGUROS SA</name>
        <lei>N/A</lei>
        <title>QUALICORP CONSULTORIA E CORRETORA DE SEGUROS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRQUALACNOR6"/>
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        <balance>1986033.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.43790000"/>
        <valUSD>9466517.47000000</valUSD>
        <pctVal>2.966499431996</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>ATACADAO SA</name>
        <lei>549300SMI26ISJIRM371</lei>
        <title>ATACADAO SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRCRFBACNOR2"/>
        </identifiers>
        <balance>2113118.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.43790000"/>
        <valUSD>7771816.33000000</valUSD>
        <pctVal>2.435435079647</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>PETROLEO BRASILEIRO-PETROBRAS</name>
        <lei>5493000J801JZRCMFE49</lei>
        <title>PETROBRAS PN (PFD REG)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRPETRACNPR6"/>
        </identifiers>
        <balance>8444494.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.43790000"/>
        <valUSD>28029775.59000000</valUSD>
        <pctVal>8.783622238087</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>CIA LOCACAO AMERICAS</name>
        <lei>N/A</lei>
        <title>CIA LOCACAO AMERICAS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRLCAMACNOR3"/>
        </identifiers>
        <balance>3078881.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.43790000"/>
        <valUSD>7518994.41000000</valUSD>
        <pctVal>2.356208892778</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>INTERCORP FINANCIAL SERVICES INC</name>
        <lei>5299004181WFTEWB1398</lei>
        <title>INTERCORP FINANCIAL SVCS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PAL2400671A3"/>
        </identifiers>
        <balance>404931.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10179965.34000000</valUSD>
        <pctVal>3.190070846492</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOCAWEB SERVICOS DE INTERNET SA</name>
        <lei>N/A</lei>
        <title>LOCAWEB SERVICOS DE INTERNET SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRLWSAACNOR8"/>
        </identifiers>
        <balance>2510519.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.43790000"/>
        <valUSD>10507624.72000000</valUSD>
        <pctVal>3.292748665208</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>FIDELITY REVERE STREET TRUST</name>
        <lei>549300BDV45LJNXBZC55</lei>
        <title>Fidelity Cash Central Fund</title>
        <cusip>31635A105</cusip>
        <identifiers>
          <isin value="US31635A1051"/>
        </identifiers>
        <balance>739402.94800000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>739624.77000000</valUSD>
        <pctVal>0.231774405640</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>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-05-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Stacie M. Smith</ncom:nameOfApplicant>
      <ncom:signature>Stacie M. Smith</ncom:signature>
      <ncom:signerName>Stacie M. Smith</ncom:signerName>
      <ncom:title>President and Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
