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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Daqo New Energy Corp.</name>
        <lei>529900711JBZ5O7VA827</lei>
        <title>Daqo New Energy Corp.</title>
        <cusip>23703Q203</cusip>
        <identifiers>
          <isin value="US23703Q2030"/>
          <other otherDesc="Inhouse Asset ID" value="480427"/>
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        <balance>27784.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>670150.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Grupo Financiero Banorte SAB de CV</name>
        <lei>N/A</lei>
        <title>Grupo Financiero Banorte SAB de CV, Class O</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MXP370711014"/>
          <other otherDesc="Inhouse Asset ID" value="62589"/>
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        <balance>745391.00000000</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>
      <invstOrSec>
        <name>Petroleo Brasileiro SA</name>
        <lei>5493000J801JZRCMFE49</lei>
        <title>Petroleo Brasileiro SA - Petrobras</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRPETRACNPR6"/>
          <other otherDesc="Inhouse Asset ID" value="265376"/>
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        <balance>664660.00000000</balance>
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        <currencyConditional curCd="BRL" exchangeRt="5.12650000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</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>Franklin Institutional U.S. Government Money Market Fund</name>
        <lei>549300M4TP89K77LG374</lei>
        <title>Franklin Institutional U.S. Government Money Market Fund</title>
        <cusip>457756500</cusip>
        <identifiers>
          <isin value="US4577565009"/>
          <other otherDesc="Inhouse Asset ID" value="170875"/>
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        <balance>9481694.91100000</balance>
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        <curCd>USD</curCd>
        <valUSD>9481694.91000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Itau Unibanco Holding SA</name>
        <lei>5493002W2IVG62O3ZJ94</lei>
        <title>Itau Unibanco Holding SA</title>
        <cusip>465562106</cusip>
        <identifiers>
          <isin value="US4655621062"/>
          <other otherDesc="Inhouse Asset ID" value="273480"/>
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        <balance>784435.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7099136.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</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>Sberbank of Russia PJSC</name>
        <lei>549300WE6TAF5EEWQS81</lei>
        <title>Sberbank of Russia PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU0009029540"/>
          <other otherDesc="Inhouse Asset ID" value="211545"/>
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        <balance>1014728.00000000</balance>
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        <currencyConditional curCd="RUB" exchangeRt="77.30000000"/>
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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>
        <name>Bajaj Holdings &amp; Investment Ltd.</name>
        <lei>335800NL7NWD9IPOHL48</lei>
        <title>Bajaj Holdings &amp; Investment Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE118A01012"/>
          <other otherDesc="Inhouse Asset ID" value="55542"/>
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        <balance>20298.00000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ACC Ltd.</name>
        <lei>335800569A6H12LH4677</lei>
        <title>ACC Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE012A01025"/>
          <other otherDesc="Inhouse Asset ID" value="184689"/>
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        <balance>52724.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
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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>Discovery Ltd.</name>
        <lei>378900245A26169C8132</lei>
        <title>Discovery Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000022331"/>
          <other otherDesc="Inhouse Asset ID" value="318561"/>
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        <balance>296782.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.92375000"/>
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        <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>
        <name>Infosys Ltd.</name>
        <lei>335800TYLGG93MM7PR89</lei>
        <title>Infosys Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE009A01021"/>
          <other otherDesc="Inhouse Asset ID" value="60763"/>
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        <balance>97628.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
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        <pctVal>0.412954454833</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>COSCO SHIPPING Ports Ltd.</name>
        <lei>5299008QX6KA3JHWK507</lei>
        <title>COSCO SHIPPING Ports Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG2442N1048"/>
          <other otherDesc="Inhouse Asset ID" value="62705"/>
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        <balance>1048088.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82340000"/>
        <valUSD>868547.50000000</valUSD>
        <pctVal>0.256323097150</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>
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      <invstOrSec>
        <name>MediaTek, Inc.</name>
        <lei>254900UEGBK1I4DM4E14</lei>
        <title>MediaTek, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002454006"/>
          <other otherDesc="Inhouse Asset ID" value="255665"/>
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        <balance>150024.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.21100000"/>
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        <pctVal>2.727298361695</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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      <invstOrSec>
        <name>Hon Hai Precision Industry Co. Ltd.</name>
        <lei>30030004CM3GSZXX7O56</lei>
        <title>Hon Hai Precision Industry Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002317005"/>
          <other otherDesc="Inhouse Asset ID" value="182709"/>
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        <balance>878256.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="31.21100000"/>
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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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      <invstOrSec>
        <name>SK Hynix, Inc.</name>
        <lei>988400XAIK6XISWQV045</lei>
        <title>SK Hynix, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7000660001"/>
          <other otherDesc="Inhouse Asset ID" value="181268"/>
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        <balance>39726.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hyundai Motor Co.</name>
        <lei>9884004RQX8PRBXQ8S60</lei>
        <title>Hyundai Motor Co.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7005380001"/>
          <other otherDesc="Inhouse Asset ID" value="42018"/>
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        <balance>20310.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lite-On Technology Corp.</name>
        <lei>2549005GU1PQ73SZBT32</lei>
        <title>Lite-On Technology Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002301009"/>
          <other otherDesc="Inhouse Asset ID" value="283973"/>
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        <balance>660354.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BYD Co. Ltd.</name>
        <lei>5299005557VL7ULJ7A69</lei>
        <title>BYD Co. Ltd., Class H</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000296"/>
          <other otherDesc="Inhouse Asset ID" value="259856"/>
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        <balance>408159.00000000</balance>
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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>LG Corp.</name>
        <lei>N/A</lei>
        <title>LG Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7003550001"/>
          <other otherDesc="Inhouse Asset ID" value="58588"/>
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        <balance>84535.00000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Asahi India Glass Ltd.</name>
        <lei>3358007HF9GBFAD6EH12</lei>
        <title>Asahi India Glass Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE439A01020"/>
          <other otherDesc="Inhouse Asset ID" value="288573"/>
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        <balance>3805.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NAVER Corp.</name>
        <lei>988400ULUQYDB2HQYJ61</lei>
        <title>NAVER Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7035420009"/>
          <other otherDesc="Inhouse Asset ID" value="278820"/>
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        <balance>21710.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Netcare Ltd.</name>
        <lei>N/A</lei>
        <title>Netcare Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000011953"/>
          <other otherDesc="Inhouse Asset ID" value="301637"/>
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        <balance>2497907.00000000</balance>
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        <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>
      <invstOrSec>
        <name>Weichai Power Co. Ltd.</name>
        <lei>529900OKTPKBG85F9502</lei>
        <title>Weichai Power Co. Ltd., Class H</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000004L9"/>
          <other otherDesc="Inhouse Asset ID" value="320755"/>
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        <balance>551016.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.82340000"/>
        <valUSD>2292949.02000000</valUSD>
        <pctVal>0.676688142460</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>Samsung SDI Co. Ltd.</name>
        <lei>9884002AESDO4YW87G32</lei>
        <title>Samsung SDI Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7006400006"/>
          <other otherDesc="Inhouse Asset ID" value="33766"/>
        </identifiers>
        <balance>3200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1438.50000000"/>
        <valUSD>1037423.23000000</valUSD>
        <pctVal>0.306161189076</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>Samsung Electronics Co. Ltd.</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>Samsung Electronics Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7005930003"/>
          <other otherDesc="Inhouse Asset ID" value="19148"/>
        </identifiers>
        <balance>175564.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1438.50000000"/>
        <valUSD>26276898.06000000</valUSD>
        <pctVal>7.754758253565</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>Kasikornbank PCL</name>
        <lei>5493004COSQ54937AW41</lei>
        <title>Kasikornbank PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0016010017"/>
          <other otherDesc="Inhouse Asset ID" value="1193"/>
        </identifiers>
        <balance>203986.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="31.08500000"/>
        <valUSD>1318648.13000000</valUSD>
        <pctVal>0.389155426425</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>Taiwan Semiconductor Manufacturing Co. Ltd.</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>Taiwan Semiconductor Manufacturing Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002330008"/>
          <other otherDesc="Inhouse Asset ID" value="47226"/>
        </identifiers>
        <balance>869019.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.21100000"/>
        <valUSD>54225215.86000000</valUSD>
        <pctVal>16.00278081840</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>Weifu High-Technology Group Co. Ltd.</name>
        <lei>836800MCS4V36YPBDO22</lei>
        <title>Weifu High-Technology Group Co. Ltd., Class B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000J36"/>
          <other otherDesc="Inhouse Asset ID" value="34262"/>
        </identifiers>
        <balance>189613.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82340000"/>
        <valUSD>362380.45000000</valUSD>
        <pctVal>0.106944616489</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>Minor International PCL</name>
        <lei>254900T4WB2UF9XPX041</lei>
        <title>Minor International PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0128B10Z17"/>
          <other otherDesc="Inhouse Asset ID" value="207863"/>
        </identifiers>
        <balance>2057149.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="31.08500000"/>
        <valUSD>1720219.96000000</valUSD>
        <pctVal>0.507666083808</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>Techtronic Industries Co. Ltd.</name>
        <lei>549300HZW2SBE758OK89</lei>
        <title>Techtronic Industries Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0669013440"/>
          <other otherDesc="Inhouse Asset ID" value="24892"/>
        </identifiers>
        <balance>445945.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82340000"/>
        <valUSD>7222383.17000000</valUSD>
        <pctVal>2.131447759552</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>Ping An Insurance Group Co. of China Ltd.</name>
        <lei>529900M9MC28JLN35U89</lei>
        <title>Ping An Insurance Group Co. of China Ltd., Class H</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000003X6"/>
          <other otherDesc="Inhouse Asset ID" value="308527"/>
        </identifiers>
        <balance>408660.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82340000"/>
        <valUSD>3535172.56000000</valUSD>
        <pctVal>1.043289376274</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="1332018.50000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>BIM Birlesik Magazalar A/S</name>
        <lei>7890001GCDJQD8DJKE29</lei>
        <title>BIM Birlesik Magazalar A/S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TREBIMM00018"/>
          <other otherDesc="Inhouse Asset ID" value="349430"/>
        </identifiers>
        <balance>65035.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="43.93400000"/>
        <valUSD>990553.50000000</valUSD>
        <pctVal>0.292329136878</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>Baidu, Inc.</name>
        <lei>254900AL64IANZYI1E02</lei>
        <title>Baidu, Inc., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG070341048"/>
          <other otherDesc="Inhouse Asset ID" value="1138836"/>
        </identifiers>
        <balance>220089.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82340000"/>
        <valUSD>3418717.02000000</valUSD>
        <pctVal>1.008921371423</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>TOTVS SA</name>
        <lei>N/A</lei>
        <title>TOTVS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRTOTSACNOR8"/>
          <other otherDesc="Inhouse Asset ID" value="356849"/>
        </identifiers>
        <balance>265545.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.12650000"/>
        <valUSD>1960055.16000000</valUSD>
        <pctVal>0.578445518749</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>Samsung Life Insurance Co. Ltd.</name>
        <lei>988400VYE6E0WYSM4S92</lei>
        <title>Samsung Life Insurance Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7032830002"/>
          <other otherDesc="Inhouse Asset ID" value="467569"/>
        </identifiers>
        <balance>16469.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1438.50000000"/>
        <valUSD>2636430.99000000</valUSD>
        <pctVal>0.778055496998</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>Thai Beverage PCL</name>
        <lei>529900VZFHQZ684D8L07</lei>
        <title>Thai Beverage PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0902010014"/>
          <other otherDesc="Inhouse Asset ID" value="361847"/>
        </identifiers>
        <balance>1870265.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.26490000"/>
        <valUSD>679211.79000000</valUSD>
        <pctVal>0.200446918140</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>Uni-President China Holdings Ltd.</name>
        <lei>529900JUA05094TOKA73</lei>
        <title>Uni-President China Holdings Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG9222R1065"/>
          <other otherDesc="Inhouse Asset ID" value="407144"/>
        </identifiers>
        <balance>1402258.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82340000"/>
        <valUSD>1383724.69000000</valUSD>
        <pctVal>0.408360622929</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>Brigade Enterprises Ltd.</name>
        <lei>335800QDUUQVHS6II245</lei>
        <title>Brigade Enterprises Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE791I01019"/>
          <other otherDesc="Inhouse Asset ID" value="408275"/>
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        <balance>81498.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>622041.79000000</valUSD>
        <pctVal>0.183575081581</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>Hypera SA</name>
        <lei>25490092WKPBKTIZX403</lei>
        <title>Hypera SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRHYPEACNOR0"/>
          <other otherDesc="Inhouse Asset ID" value="426003"/>
        </identifiers>
        <balance>296999.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.12650000"/>
        <valUSD>1337118.29000000</valUSD>
        <pctVal>0.394606283880</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>KT Skylife Co. Ltd.</name>
        <lei>N/A</lei>
        <title>KT Skylife Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7053210001"/>
          <other otherDesc="Inhouse Asset ID" value="504686"/>
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        <balance>45931.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1438.50000000"/>
        <valUSD>162883.67000000</valUSD>
        <pctVal>0.048069733399</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>LUKOIL PJSC</name>
        <lei>549300LCJ1UJXHYBWI24</lei>
        <title>LUKOIL PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU0009024277"/>
          <other otherDesc="Inhouse Asset ID" value="438704"/>
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        <balance>86387.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="77.30000000"/>
        <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>BDO Unibank, Inc.</name>
        <lei>3FGIIBS1PEI1FYQBGN97</lei>
        <title>BDO Unibank, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PHY077751022"/>
          <other otherDesc="Inhouse Asset ID" value="336265"/>
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        <balance>674535.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="57.66500000"/>
        <valUSD>1604148.50000000</valUSD>
        <pctVal>0.473411427479</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>Hanmi Pharm Co. Ltd.</name>
        <lei>988400PP10VZVUOFE672</lei>
        <title>Hanmi Pharm Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7128940004"/>
          <other otherDesc="Inhouse Asset ID" value="474962"/>
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        <balance>2939.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1438.50000000"/>
        <valUSD>1210867.74000000</valUSD>
        <pctVal>0.357347605463</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>
      <invstOrSec>
        <name>Misto Holdings Corp.</name>
        <lei>N/A</lei>
        <title>Misto Holdings Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7081660003"/>
          <other otherDesc="Inhouse Asset ID" value="476841"/>
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        <balance>37539.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1438.50000000"/>
        <valUSD>1276431.55000000</valUSD>
        <pctVal>0.376696597706</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>Zhen Ding Technology Holding Ltd.</name>
        <lei>549300H7R4K33675UP38</lei>
        <title>Zhen Ding Technology Holding Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG989221000"/>
          <other otherDesc="Inhouse Asset ID" value="520852"/>
        </identifiers>
        <balance>439038.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.21100000"/>
        <valUSD>2902642.77000000</valUSD>
        <pctVal>0.856619108024</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>Astra International Tbk. PT</name>
        <lei>529900L49TRJOMG4DK47</lei>
        <title>Astra International Tbk. PT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000122807"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Richter Gedeon Nyrt.</name>
        <lei>549300J6ZJW5IH4WEE46</lei>
        <title>Richter Gedeon Nyrt.</title>
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          <isin value="HU0000123096"/>
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        <balance>91177.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>HU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Greentown Service Group Co. Ltd.</name>
        <lei>254900V8OFDBOODYW979</lei>
        <title>Greentown Service Group Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG410121084"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Star Petroleum Refining PCL</name>
        <lei>N/A</lei>
        <title>Star Petroleum Refining PCL</title>
        <cusip>N/A</cusip>
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          <isin value="TH6838010010"/>
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        <assetCat>EC</assetCat>
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        <invCountry>TH</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Emaar Development PJSC</name>
        <lei>N/A</lei>
        <title>Emaar Development PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AEE001901017"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>AE</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Haier Smart Home Co. Ltd.</name>
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          <isin value="CNE1000031C1"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal Bank Ltd.</name>
        <lei>335800J8VWGE2HGWF417</lei>
        <title>Federal Bank Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="INE171A01029"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Prosus NV</name>
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          <isin value="NL0013654783"/>
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        <balance>215895.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HDFC Bank Ltd.</name>
        <lei>335800ZQ6I4E2JXENC50</lei>
        <title>HDFC Bank Ltd.</title>
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          <isin value="INE040A01034"/>
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        <balance>515312.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alibaba Group Holding Ltd.</name>
        <lei>5493001NTNQJDH60PM02</lei>
        <title>Alibaba Group Holding Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG017191142"/>
          <other otherDesc="Inhouse Asset ID" value="1022256"/>
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        <balance>427033.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Budweiser Brewing Co. APAC Ltd.</name>
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        <title>Budweiser Brewing Co. APAC Ltd.</title>
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          <isin value="KYG1674K1013"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>JD.com, Inc.</name>
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        <title>JD.com, Inc., Class A</title>
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          <isin value="KYG8208B1014"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wuxi Biologics Cayman, Inc.</name>
        <lei>5493001TD2TH6VDTJU11</lei>
        <title>Wuxi Biologics Cayman, Inc.</title>
        <cusip>N/A</cusip>
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          <isin value="KYG970081173"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Eternal Ltd.</name>
        <lei>335800T4VOF9ETHF8W59</lei>
        <title>Eternal Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE758T01015"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Kuaishou Technology</name>
        <lei>300300FCDZBE6UP9ED24</lei>
        <title>Kuaishou Technology</title>
        <cusip>N/A</cusip>
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          <isin value="KYG532631028"/>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>NetEase, Inc.</name>
        <lei>5299004AF4DSJDB0PA32</lei>
        <title>NetEase, Inc.</title>
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          <isin value="KYG6427A1022"/>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tencent Holdings Ltd.</name>
        <lei>254900N4SLUMW4XUYY11</lei>
        <title>Tencent Holdings Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="KYG875721634"/>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Wizz Air Holdings plc</name>
        <lei>213800COXGZCORLJZA85</lei>
        <title>Wizz Air Holdings plc</title>
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        <assetCat>EC</assetCat>
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        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Trip.com Group Ltd.</name>
        <lei>2549004RMYDSRQL4KW41</lei>
        <title>Trip.com Group Ltd.</title>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>China Merchants Bank Co. Ltd.</name>
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        <title>China Merchants Bank Co. Ltd., Class A</title>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>NARI Technology Co. Ltd.</name>
        <lei>3003006IGH1W58MAQM05</lei>
        <title>NARI Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Emirates Central Cooling Systems Corp.</name>
        <lei>N/A</lei>
        <title>Emirates Central Cooling Systems Corp.</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Spinneys 1961 Holding plc</name>
        <lei>N/A</lei>
        <title>Spinneys 1961 Holding plc</title>
        <cusip>N/A</cusip>
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        <valUSD>539839.51000000</valUSD>
        <pctVal>0.159315794665</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Brazilian Real</name>
        <lei>N/A</lei>
        <title>Brazilian Real</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="BRL"/>
        </identifiers>
        <balance>-0.07000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="BRL" exchangeRt="5.12650000"/>
        <valUSD>-0.01000000</valUSD>
        <pctVal>-0.00000000295</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ather Energy Ltd.</name>
        <lei>335800SZ7EUDQVUICH52</lei>
        <title>Ather Energy Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE0LEZ01016"/>
          <other otherDesc="Inhouse Asset ID" value="1455269"/>
        </identifiers>
        <balance>74262.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>580292.72000000</valUSD>
        <pctVal>0.171254222991</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ICICI Bank Ltd.</name>
        <lei>R7RX8ER1V4666J8D1I38</lei>
        <title>ICICI Bank Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE090A01021"/>
          <other otherDesc="Inhouse Asset ID" value="208822"/>
        </identifiers>
        <balance>587231.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>8929855.67000000</valUSD>
        <pctVal>2.635351851727</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>Hypera SA</name>
        <lei>25490092WKPBKTIZX403</lei>
        <title>Hypera SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRHYPED02OR3"/>
          <other otherDesc="Inhouse Asset ID" value="1574500"/>
        </identifiers>
        <balance>33120.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.12650000"/>
        <valUSD>13567.15000000</valUSD>
        <pctVal>0.004003896053</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Right"/>
        <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>Pine Labs Ltd.</name>
        <lei>335800PNP7BSLLVIBK61</lei>
        <title>Pine Labs Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE15B701018"/>
          <other otherDesc="Inhouse Asset ID" value="1531024"/>
        </identifiers>
        <balance>605186.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>1265301.98000000</valUSD>
        <pctVal>0.373412072850</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>Nemak SAB de CV</name>
        <lei>5493000MY3DAIB0BP706</lei>
        <title>Nemak SAB de CV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX01NE000001"/>
          <other otherDesc="Inhouse Asset ID" value="608446"/>
        </identifiers>
        <balance>28936.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.22200000"/>
        <valUSD>5426.97000000</valUSD>
        <pctVal>0.001601590884</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>Doosan Bobcat, Inc.</name>
        <lei>9884007K6X0Q0112FX44</lei>
        <title>Doosan Bobcat, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7241560002"/>
          <other otherDesc="Inhouse Asset ID" value="652131"/>
        </identifiers>
        <balance>65329.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1438.50000000"/>
        <valUSD>2945865.31000000</valUSD>
        <pctVal>0.869374812599</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>Niva Bupa Health Insurance Co. Ltd.</name>
        <lei>335800YR5ALVTOUNCU55</lei>
        <title>Niva Bupa Health Insurance Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE995S01015"/>
          <other otherDesc="Inhouse Asset ID" value="1403884"/>
        </identifiers>
        <balance>1238919.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>1022488.67000000</valUSD>
        <pctVal>0.301753747141</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>Delivery Hero SE</name>
        <lei>529900C3EX1FZGE48X78</lei>
        <title>Delivery Hero SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A2E4K43"/>
          <other otherDesc="Inhouse Asset ID" value="810363"/>
        </identifiers>
        <balance>89449.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84631008"/>
        <valUSD>2057316.68000000</valUSD>
        <pctVal>0.607149042782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1024458.82000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yuan Renminbi</name>
        <lei>N/A</lei>
        <title>Yuan Renminbi</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="CNY"/>
        </identifiers>
        <balance>-0.04000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="CNY" exchangeRt="6.85570000"/>
        <valUSD>-0.01000000</valUSD>
        <pctVal>-0.00000000295</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EURO</name>
        <lei>N/A</lei>
        <title>EURO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="EUR"/>
        </identifiers>
        <balance>64.29000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="EUR" exchangeRt="0.84631008"/>
        <valUSD>75.97000000</valUSD>
        <pctVal>0.000022420035</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Genpact Ltd.</name>
        <lei>529900OSEC6Q0L4L5B35</lei>
        <title>Genpact Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG3922B1072"/>
          <other otherDesc="Inhouse Asset ID" value="394609"/>
        </identifiers>
        <balance>79158.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3144155.76000000</valUSD>
        <pctVal>0.927893687248</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ReNew Energy Global plc</name>
        <lei>254900SL77LA2KAG7R65</lei>
        <title>ReNew Energy Global plc, Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BNQMPN80"/>
          <other otherDesc="Inhouse Asset ID" value="1160847"/>
        </identifiers>
        <balance>272530.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1504365.60000000</valUSD>
        <pctVal>0.443963801448</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>XP, Inc.</name>
        <lei>5493008KDA8NBZRJST80</lei>
        <title>XP, Inc., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG982391099"/>
          <other otherDesc="Inhouse Asset ID" value="1026610"/>
        </identifiers>
        <balance>56706.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1220880.18000000</valUSD>
        <pctVal>0.360302446310</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>Hong Kong Dollar</name>
        <lei>N/A</lei>
        <title>Hong Kong Dollar</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="HKD"/>
        </identifiers>
        <balance>-6.91000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="HKD" exchangeRt="7.82340000"/>
        <valUSD>-0.88000000</valUSD>
        <pctVal>-0.00000025970</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Forint</name>
        <lei>N/A</lei>
        <title>Forint</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="HUF"/>
        </identifiers>
        <balance>0.40000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="HUF" exchangeRt="318.91080000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>HU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rupiah</name>
        <lei>N/A</lei>
        <title>Rupiah</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="IDR"/>
        </identifiers>
        <balance>-1.10000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="IDR" exchangeRt="16765.00000000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Indian Rupee</name>
        <lei>N/A</lei>
        <title>Indian Rupee</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="INR"/>
        </identifiers>
        <balance>-5.43000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>-0.06000000</valUSD>
        <pctVal>-0.00000001770</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Won</name>
        <lei>N/A</lei>
        <title>Won</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="KRW"/>
        </identifiers>
        <balance>-98.88000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="KRW" exchangeRt="1438.50000000"/>
        <valUSD>-0.07000000</valUSD>
        <pctVal>-0.00000002065</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mexican Peso</name>
        <lei>N/A</lei>
        <title>Mexican Peso</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="MXN"/>
        </identifiers>
        <balance>1.30000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="MXN" exchangeRt="17.22200000"/>
        <valUSD>0.08000000</valUSD>
        <pctVal>0.000000023609</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hemisphere Properties India Ltd.</name>
        <lei>N/A</lei>
        <title>Hemisphere Properties India Ltd., Escrow Account</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1459227"/>
        </identifiers>
        <balance>38214.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>53454.76000000</valUSD>
        <pctVal>0.015775406227</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</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 Services, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PAL2400671A3"/>
          <other otherDesc="Inhouse Asset ID" value="1001287"/>
        </identifiers>
        <balance>26105.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1262959.90000000</valUSD>
        <pctVal>0.372720885322</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>Philippine Peso</name>
        <lei>N/A</lei>
        <title>Philippine Peso</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="PHP"/>
        </identifiers>
        <balance>-0.02000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="PHP" exchangeRt="57.66500000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Singapore Dollar</name>
        <lei>N/A</lei>
        <title>Singapore Dollar</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="SGD"/>
        </identifiers>
        <balance>-32133.03000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="SGD" exchangeRt="1.26490000"/>
        <valUSD>-25403.61000000</valUSD>
        <pctVal>-0.00749703613</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Baht</name>
        <lei>N/A</lei>
        <title>Baht</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="THB"/>
        </identifiers>
        <balance>791122.09000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="THB" exchangeRt="31.08500000"/>
        <valUSD>25450.28000000</valUSD>
        <pctVal>0.007510809245</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New Taiwan Dollar</name>
        <lei>N/A</lei>
        <title>New Taiwan Dollar</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="TWD"/>
        </identifiers>
        <balance>-3.44000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="TWD" exchangeRt="31.21100000"/>
        <valUSD>-0.11000000</valUSD>
        <pctVal>-0.00000003246</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MakeMyTrip Ltd.</name>
        <lei>529900DNT8HNJ7RYUO60</lei>
        <title>MakeMyTrip Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MU0295S00016"/>
          <other otherDesc="Inhouse Asset ID" value="475237"/>
        </identifiers>
        <balance>21465.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1212128.55000000</valUSD>
        <pctVal>0.357719691876</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="205481.12000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rand</name>
        <lei>N/A</lei>
        <title>Rand</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="ZAR"/>
        </identifiers>
        <balance>-0.02000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="ZAR" exchangeRt="15.92375000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
      <explntrNote note="Used CNY (Onshore Yuan) instead of CNH (Offshore Yuan) for all base currency isocodes." noteItem="C.2.b"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-03-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Templeton Emerging Markets Fund</ncom:nameOfApplicant>
      <ncom:signature>Monica Krogh</ncom:signature>
      <ncom:signerName>Monica Krogh</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
