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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KT SKYLIFE CO LTD ORD KRW2500</name>
        <lei>N/A</lei>
        <title>KT SKYLIFE CO LTD ORD KRW2500</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7053210001"/>
          <other otherDesc="Internal Identifier" value="504686"/>
        </identifiers>
        <balance>166071.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1224.49000000"/>
        <valUSD>829571.74000000</valUSD>
        <pctVal>0.369834975322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUNNY OPTICAL TECHNOLOGY GROUP CO LTD ORD HKD.1</name>
        <lei>3003004QIVP0DFVVWM94</lei>
        <title>SUNNY OPTICAL TECHNOLOGY GROUP CO LTD ORD HKD.1</title>
        <cusip>G8586D109</cusip>
        <identifiers>
          <ticker value="2382"/>
          <other otherDesc="Internal Identifier" value="499635"/>
        </identifiers>
        <balance>159000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75440000"/>
        <valUSD>2141151.74000000</valUSD>
        <pctVal>0.954556143539</pctVal>
        <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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fila Holdings Corp ORD KRW 1000</name>
        <lei>N/A</lei>
        <title>Fila Holdings Corp ORD KRW 1000</title>
        <cusip>Y2484W103</cusip>
        <identifiers>
          <ticker value="081660"/>
          <other otherDesc="Internal Identifier" value="476841"/>
        </identifiers>
        <balance>64280.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1224.49000000"/>
        <valUSD>1531668.79000000</valUSD>
        <pctVal>0.682839906228</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</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>NEMAK SAB DE CV ORD MXN NPV</name>
        <lei>5493000MY3DAIB0BP706</lei>
        <title>NEMAK SAB DE CV ORD MXN NPV</title>
        <cusip>P71340106</cusip>
        <identifiers>
          <ticker value="NEMAKA"/>
          <other otherDesc="Internal Identifier" value="608446"/>
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        <balance>2014800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="24.04450000"/>
        <valUSD>335898.96000000</valUSD>
        <pctVal>0.149748572175</pctVal>
        <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>LOJAS AMERICANAS SA ORD BRL NPV</name>
        <lei>N/A</lei>
        <title>LOJAS AMERICANAS SA ORD BRL NPV</title>
        <cusip>P6329M113</cusip>
        <identifiers>
          <ticker value="LAME3"/>
          <other otherDesc="Internal Identifier" value="320070"/>
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        <balance>170860.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.18030000"/>
        <valUSD>475127.16000000</valUSD>
        <pctVal>0.211818499860</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>SK HYNIX INC ORD KRW5000</name>
        <lei>988400XAIK6XISWQV045</lei>
        <title>SK HYNIX INC ORD KRW5000</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7000660001"/>
          <other otherDesc="Internal Identifier" value="181268"/>
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        <balance>24040.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1224.49000000"/>
        <valUSD>1642564.08000000</valUSD>
        <pctVal>0.732278616424</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</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>COGNIZANT TECHNOLOGY SOLUTIONS CORP COM USD.01 CL A</name>
        <lei>5493006IEVQEFQO40L83</lei>
        <title>COGNIZANT TECHNOLOGY SOLUTIONS CORP COM USD.01 CL A</title>
        <cusip>192446102</cusip>
        <identifiers>
          <ticker value="CTSH"/>
          <other otherDesc="Internal Identifier" value="203677"/>
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        <balance>92962.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4319944.14000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</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>THAI BEVERAGE PCL ORD SGD NPV</name>
        <lei>529900VZFHQZ684D8L07</lei>
        <title>THAI BEVERAGE PCL ORD SGD NPV</title>
        <cusip>Y8588A103</cusip>
        <identifiers>
          <ticker value="THBEV"/>
          <other otherDesc="Internal Identifier" value="361847"/>
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        <balance>1810200.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.42365000"/>
        <valUSD>765856.84000000</valUSD>
        <pctVal>0.341429959417</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LARGAN PRECISION CO LTD ORD TWD10</name>
        <lei>N/A</lei>
        <title>LARGAN PRECISION CO LTD ORD TWD10</title>
        <cusip>Y52144105</cusip>
        <identifiers>
          <ticker value="3008"/>
          <other otherDesc="Internal Identifier" value="302048"/>
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        <balance>5300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.29300000"/>
        <valUSD>668442.31000000</valUSD>
        <pctVal>0.298001165303</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NAVER CORP ORD KRW100</name>
        <lei>N/A</lei>
        <title>NAVER CORP ORD KRW100</title>
        <cusip>Y62579100</cusip>
        <identifiers>
          <ticker value="035420"/>
          <other otherDesc="Internal Identifier" value="278820"/>
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        <balance>60007.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1224.49000000"/>
        <valUSD>8367460.94000000</valUSD>
        <pctVal>3.730334051947</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</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>HON HAI PRECISION INDUSTRY CO LTD ORD TWD10</name>
        <lei>30030004CM3GSZXX7O56</lei>
        <title>HON HAI PRECISION INDUSTRY CO LTD ORD TWD10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002317005"/>
          <other otherDesc="Internal Identifier" value="182709"/>
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        <balance>959000.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="30.29300000"/>
        <valUSD>2205283.96000000</valUSD>
        <pctVal>0.983147206684</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UNILEVER PLC ORD GBP.0311</name>
        <lei>549300MKFYEKVRWML317</lei>
        <title>UNILEVER PLC ORD GBP.0311</title>
        <cusip>G92087165</cusip>
        <identifiers>
          <ticker value="ULVR"/>
          <other otherDesc="Internal Identifier" value="3019"/>
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        <balance>150775.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80521780"/>
        <valUSD>7599325.88000000</valUSD>
        <pctVal>3.387888429390</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BAJAJ HOLDINGS &amp; INVESTMENT LTD ORD INR10 (DEMAT)</name>
        <lei>335800NL7NWD9IPOHL48</lei>
        <title>BAJAJ HOLDINGS &amp; INVESTMENT LTD ORD INR10 (DEMAT)</title>
        <cusip>Y0546X143</cusip>
        <identifiers>
          <ticker value="BJHI"/>
          <other otherDesc="Internal Identifier" value="55542"/>
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        <balance>60776.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="75.38500000"/>
        <valUSD>1450442.53000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VALE SA ORD BRL NPV</name>
        <lei>254900SMTWBX7RU2SR20</lei>
        <title>VALE SA ORD BRL NPV</title>
        <cusip>P9661Q155</cusip>
        <identifiers>
          <ticker value="VALE3"/>
          <other otherDesc="Internal Identifier" value="32835"/>
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        <balance>278500.00000000</balance>
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        <currencyConditional curCd="BRL" exchangeRt="5.18030000"/>
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        <pctVal>1.032679600304</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BAIDU INC ADR CLASS A</name>
        <lei>254900AL64IANZYI1E02</lei>
        <title>BAIDU INC ADR CLASS A</title>
        <cusip>056752108</cusip>
        <identifiers>
          <ticker value="BIDU"/>
          <other otherDesc="Internal Identifier" value="344219"/>
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        <balance>9411.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>948534.69000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SBERBANK OF RUSSIA PJSC SPONSORED ADR</name>
        <lei>549300WE6TAF5EEWQS81</lei>
        <title>SBERBANK OF RUSSIA PJSC SPONSORED ADR</title>
        <cusip>80585Y308</cusip>
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          <ticker value="SBER"/>
          <other otherDesc="Internal Identifier" value="517320"/>
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        <balance>498847.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4699050.78000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PETROLEO BRASILEIRO SA SPONSORED DPP</name>
        <lei>5493000J801JZRCMFE49</lei>
        <title>PETROLEO BRASILEIRO SA SPONSORED DPP</title>
        <cusip>71654V101</cusip>
        <identifiers>
          <ticker value="PBR/A"/>
          <other otherDesc="Internal Identifier" value="47210"/>
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        <balance>79600.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
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        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BIOCON LTD ORD INR5</name>
        <lei>335800NK3L7QCHLOC198</lei>
        <title>BIOCON LTD ORD INR5</title>
        <cusip>000000000</cusip>
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          <isin value="INE376G01013"/>
          <other otherDesc="Internal Identifier" value="299975"/>
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        <balance>155325.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <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>KASIKORNBANK PCL ORD THB10 (FGN)</name>
        <lei>5493004COSQ54937AW41</lei>
        <title>KASIKORNBANK PCL ORD THB10 (FGN)</title>
        <cusip>Y4591R118</cusip>
        <identifiers>
          <ticker value="KBANK/F"/>
          <other otherDesc="Internal Identifier" value="1193"/>
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        <balance>705000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ITAU UNIBANCO HOLDING SA SPONSORED DPP</name>
        <lei>5493002W2IVG62O3ZJ94</lei>
        <title>ITAU UNIBANCO HOLDING SA SPONSORED DPP</title>
        <cusip>465562106</cusip>
        <identifiers>
          <ticker value="ITUB"/>
          <other otherDesc="Internal Identifier" value="273480"/>
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        <balance>897443.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BDO UNIBANK INC ORD PHP10</name>
        <lei>3FGIIBS1PEI1FYQBGN97</lei>
        <title>BDO UNIBANK INC ORD PHP10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PHY077751022"/>
          <other otherDesc="Internal Identifier" value="336265"/>
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        <balance>327469.00000000</balance>
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        <valUSD>667054.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HANKOOK TECHNOLOGY GROUP CO LTD ORD KRW500</name>
        <lei>N/A</lei>
        <title>HANKOOK TECHNOLOGY GROUP CO LTD ORD KRW500</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7000240002"/>
          <other otherDesc="Internal Identifier" value="205510"/>
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        <balance>37500.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA MERCHANTS BANK CO LTD ORD CNY1 CL A</name>
        <lei>549300MKO5B60FFIHF58</lei>
        <title>CHINA MERCHANTS BANK CO LTD ORD CNY1 CL A</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE000001B33"/>
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        <currencyConditional curCd="CNY" exchangeRt="7.10030000"/>
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        <pctVal>0.797721450555</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>LG CORP ORD KRW5000</name>
        <lei>N/A</lei>
        <title>LG CORP ORD KRW5000</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7003550001"/>
          <other otherDesc="Internal Identifier" value="58588"/>
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        <balance>96342.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>TENCENT HOLDINGS LTD ORD HKD 0.000020</name>
        <lei>254900N4SLUMW4XUYY11</lei>
        <title>TENCENT HOLDINGS LTD ORD HKD 0.000020</title>
        <cusip>G87572163</cusip>
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          <ticker value="700"/>
          <other otherDesc="Internal Identifier" value="318608"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>MONETA MONEY BANK AS ORD CZK 20</name>
        <lei>I6USJ58BDV2BO5KP3C31</lei>
        <title>MONETA MONEY BANK AS ORD CZK 20</title>
        <cusip>X3R0GS100</cusip>
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          <ticker value="MONET"/>
          <other otherDesc="Internal Identifier" value="633308"/>
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        <currencyConditional curCd="CZK" exchangeRt="24.70050000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CZ</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>B2W CIA DIGITAL ORD BRL NPV</name>
        <lei>N/A</lei>
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        <cusip>P19055113</cusip>
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          <ticker value="BTOW3"/>
          <other otherDesc="Internal Identifier" value="346148"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MASSMART HOLDINGS LTD ORD ZAR1</name>
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        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000152617"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NETEASE INC SPONSORED ADR</name>
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          <ticker value="NTES"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BANCO BRADESCO SA SPONSORED DPP PFD</name>
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        <cusip>059460303</cusip>
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          <ticker value="BBD"/>
          <other otherDesc="Internal Identifier" value="46986"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ASTRA INTERNATIONAL TBK PT ORD IDR50</name>
        <lei>529900L49TRJOMG4DK47</lei>
        <title>ASTRA INTERNATIONAL TBK PT ORD IDR50</title>
        <cusip>000000000</cusip>
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          <isin value="ID1000122807"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INFOSYS LTD ORD INR5 (DEMAT)</name>
        <lei>335800TYLGG93MM7PR89</lei>
        <title>INFOSYS LTD ORD INR5 (DEMAT)</title>
        <cusip>Y4082C133</cusip>
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          <ticker value="INFO"/>
          <other otherDesc="Internal Identifier" value="60763"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHINA MERCHANTS BANK CO LTD ORD CNY1 CLASS H</name>
        <lei>549300MKO5B60FFIHF58</lei>
        <title>CHINA MERCHANTS BANK CO LTD ORD CNY1 CLASS H</title>
        <cusip>Y14896115</cusip>
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          <ticker value="3968"/>
          <other otherDesc="Internal Identifier" value="370320"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MGM CHINA HOLDINGS LTD ORD HKD NPV</name>
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        <title>MGM CHINA HOLDINGS LTD ORD HKD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="KYG607441022"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>IMAX CORP ORD USD1</name>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ORD TWD10</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>TATA CHEMICALS LTD ORD INR10 (DEMAT)</name>
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        <title>TATA CHEMICALS LTD ORD INR10 (DEMAT)</title>
        <cusip>000000000</cusip>
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          <isin value="INE092A01019"/>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ICICI BANK LTD ORD INR2 (DEMAT)</name>
        <lei>R7RX8ER1V4666J8D1I38</lei>
        <title>ICICI BANK LTD ORD INR2 (DEMAT)</title>
        <cusip>000000000</cusip>
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      <invstOrSec>
        <name>B3 SA - Brasil Bolsa Balcao ORD BRL NPV</name>
        <lei>4GTK5S46E6H318LMDS44</lei>
        <title>B3 SA - Brasil Bolsa Balcao ORD BRL NPV</title>
        <cusip>000000000</cusip>
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        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BAIC MOTOR CORP LTD ORD HKD NPV CL H</name>
        <lei>5299003EYHISIDNLZQ19</lei>
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        <cusip>000000000</cusip>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HANKOOK TIRE &amp; TECHNOLOGY CO LTD ORD KRW500</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CATCHER TECHNOLOGY CO LTD ORD TWD10</name>
        <lei>5299006PRSCU66N5JF55</lei>
        <title>CATCHER TECHNOLOGY CO LTD ORD TWD10</title>
        <cusip>Y1148A101</cusip>
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        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GAZPROM PJSC SPONSORED ADR</name>
        <lei>213800FD9J2IHTA7YX78</lei>
        <title>GAZPROM PJSC SPONSORED ADR</title>
        <cusip>368287207</cusip>
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          <ticker value="OGZPY"/>
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        <assetCat>EC</assetCat>
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        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="830827.20000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RICHTER GEDEON NYRT ORD HUF100</name>
        <lei>549300J6ZJW5IH4WEE46</lei>
        <title>RICHTER GEDEON NYRT ORD HUF100</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HU0000123096"/>
          <other otherDesc="Internal Identifier" value="36163"/>
        </identifiers>
        <balance>143110.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HUF" exchangeRt="324.82500000"/>
        <valUSD>2692086.30000000</valUSD>
        <pctVal>1.200170669176</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HU</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 ORD KRW500</name>
        <lei>988400VYE6E0WYSM4S92</lei>
        <title>SAMSUNG LIFE INSURANCE CO LTD ORD KRW500</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7032830002"/>
          <other otherDesc="Internal Identifier" value="467569"/>
        </identifiers>
        <balance>75737.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1224.49000000"/>
        <valUSD>2671279.99000000</valUSD>
        <pctVal>1.190894917877</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Prosus NV ORD EUR 0.05</name>
        <lei>635400Z5LQ5F9OLVT688</lei>
        <title>Prosus NV ORD EUR 0.05</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0013654783"/>
          <other otherDesc="Internal Identifier" value="1007420"/>
        </identifiers>
        <balance>32057.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90489550"/>
        <valUSD>2244046.97000000</valUSD>
        <pctVal>1.000428312290</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CTBC FINANCIAL HOLDING CO LTD ORD TWD10</name>
        <lei>549300IWDYIFW6JXM387</lei>
        <title>CTBC FINANCIAL HOLDING CO LTD ORD TWD10</title>
        <cusip>Y15093100</cusip>
        <identifiers>
          <ticker value="2891"/>
          <other otherDesc="Internal Identifier" value="249698"/>
        </identifiers>
        <balance>350500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.29300000"/>
        <valUSD>206146.20000000</valUSD>
        <pctVal>0.091902931493</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WEIFU HIGH-TECHNOLOGY GROUP CO LTD ORD B CNY1</name>
        <lei>N/A</lei>
        <title>WEIFU HIGH-TECHNOLOGY GROUP CO LTD ORD B CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE000000J36"/>
          <other otherDesc="Internal Identifier" value="34262"/>
        </identifiers>
        <balance>326739.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75440000"/>
        <valUSD>505324.06000000</valUSD>
        <pctVal>0.225280710815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANCO SANTANDER MEXICO SA INSTITUCION DE BANCA M SPONSORED ADR</name>
        <lei>SCRYQ25DTVRHYYMM6P89</lei>
        <title>BANCO SANTANDER MEXICO SA INSTITUCION DE BANCA M SPONSORED ADR</title>
        <cusip>05969B103</cusip>
        <identifiers>
          <ticker value="BSMX"/>
          <other otherDesc="Internal Identifier" value="683580"/>
        </identifiers>
        <balance>949761.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3077225.64000000</valUSD>
        <pctVal>1.371871308719</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>HABIB BANK LTD ORD PKR10</name>
        <lei>549300N63RJKPUYAY631</lei>
        <title>HABIB BANK LTD ORD PKR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PK0085101019"/>
          <other otherDesc="Internal Identifier" value="457522"/>
        </identifiers>
        <balance>1116900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PKR" exchangeRt="166.09000000"/>
        <valUSD>691759.59000000</valUSD>
        <pctVal>0.308396343029</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NASPERS LTD ORD N SHRS ZAR.02</name>
        <lei>21380044BQ8812EEKT59</lei>
        <title>NASPERS LTD ORD N SHRS ZAR.02</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000015889"/>
          <other otherDesc="Internal Identifier" value="54993"/>
        </identifiers>
        <balance>64938.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.91750000"/>
        <valUSD>9223131.60000000</valUSD>
        <pctVal>4.111804299987</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INTERCORP FINANCIAL SERVICES INC ORD USD10</name>
        <lei>5299004181WFTEWB1398</lei>
        <title>INTERCORP FINANCIAL SERVICES INC ORD USD10</title>
        <cusip>P5626F102</cusip>
        <identifiers>
          <ticker value="IFS"/>
          <other otherDesc="Internal Identifier" value="391482"/>
        </identifiers>
        <balance>31950.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>956902.50000000</valUSD>
        <pctVal>0.426600853680</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>POSCO ORD KRW5000</name>
        <lei>988400E5HRVX81AYLM04</lei>
        <title>POSCO ORD KRW5000</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7005490008"/>
          <other otherDesc="Internal Identifier" value="21306"/>
        </identifiers>
        <balance>15429.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1224.49000000"/>
        <valUSD>2037541.73000000</valUSD>
        <pctVal>0.908365315617</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>M DIAS BRANCO SA ORD BRL NPV</name>
        <lei>N/A</lei>
        <title>M DIAS BRANCO SA ORD BRL NPV</title>
        <cusip>P64876108</cusip>
        <identifiers>
          <ticker value="MDIA3"/>
          <other otherDesc="Internal Identifier" value="382372"/>
        </identifiers>
        <balance>106200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.18030000"/>
        <valUSD>594728.99000000</valUSD>
        <pctVal>0.265138710414</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>FIT Hon Teng Ltd ORD HKD 0.01953125</name>
        <lei>3003001IDFNIKMGLFJ67</lei>
        <title>FIT Hon Teng Ltd ORD HKD 0.01953125</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG3R83K1037"/>
          <other otherDesc="Internal Identifier" value="810460"/>
        </identifiers>
        <balance>1759800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75440000"/>
        <valUSD>376808.96000000</valUSD>
        <pctVal>0.167986836705</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>BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LTD ORD USD.01</name>
        <lei>5299005WPCSQN14NBM26</lei>
        <title>BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LTD ORD USD.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG1368B1028"/>
          <other otherDesc="Internal Identifier" value="217519"/>
        </identifiers>
        <balance>8808600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75440000"/>
        <valUSD>7248988.15000000</valUSD>
        <pctVal>3.231702846539</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>COSCO SHIPPING Ports Ltd ORD HKD.1</name>
        <lei>5299008QX6KA3JHWK507</lei>
        <title>COSCO SHIPPING Ports Ltd ORD HKD.1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG2442N1048"/>
          <other otherDesc="Internal Identifier" value="62705"/>
        </identifiers>
        <balance>433196.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75440000"/>
        <valUSD>208980.55000000</valUSD>
        <pctVal>0.093166525359</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>KIATNAKIN BANK PCL ORD THB10 (FGN)</name>
        <lei>254900UPQE3MNOEDXK30</lei>
        <title>KIATNAKIN BANK PCL ORD THB10 (FGN)</title>
        <cusip>Y47675114</cusip>
        <identifiers>
          <ticker value="KKP/F"/>
          <other otherDesc="Internal Identifier" value="62728"/>
        </identifiers>
        <balance>859600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.65000000"/>
        <valUSD>1012518.67000000</valUSD>
        <pctVal>0.451395339639</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>CHINA MOBILE LTD ORD HKD NPV</name>
        <lei>529900U2JJ7GK68NI589</lei>
        <title>CHINA MOBILE LTD ORD HKD NPV</title>
        <cusip>Y14965100</cusip>
        <identifiers>
          <ticker value="941"/>
          <other otherDesc="Internal Identifier" value="49551"/>
        </identifiers>
        <balance>447000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75440000"/>
        <valUSD>3323966.64000000</valUSD>
        <pctVal>1.481871984063</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CNOOC LTD ORD HKD NPV</name>
        <lei>549300XIVJCBIGMRUD48</lei>
        <title>CNOOC LTD ORD HKD NPV</title>
        <cusip>Y1662W117</cusip>
        <identifiers>
          <ticker value="883"/>
          <other otherDesc="Internal Identifier" value="202855"/>
        </identifiers>
        <balance>2411500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75440000"/>
        <valUSD>2528876.58000000</valUSD>
        <pctVal>1.127409436051</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Equity Group Holdings PLC/Kenya ORD KES0.5</name>
        <lei>N/A</lei>
        <title>Equity Group Holdings PLC/Kenya ORD KES0.5</title>
        <cusip>V3254M104</cusip>
        <identifiers>
          <ticker value="EQBNK"/>
          <other otherDesc="Internal Identifier" value="430515"/>
        </identifiers>
        <balance>1643772.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KES" exchangeRt="104.70000000"/>
        <valUSD>530475.85000000</valUSD>
        <pctVal>0.236493739400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAMSUNG ELECTRONICS CO LTD ORD KRW 100</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>SAMSUNG ELECTRONICS CO LTD ORD KRW 100</title>
        <cusip>Y74718100</cusip>
        <identifiers>
          <ticker value="005930"/>
          <other otherDesc="Internal Identifier" value="19148"/>
        </identifiers>
        <balance>519818.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1224.49000000"/>
        <valUSD>20359520.57000000</valUSD>
        <pctVal>9.076566166030</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALIBABA GROUP HOLDING LTD SPONSORED ADR</name>
        <lei>5493001NTNQJDH60PM02</lei>
        <title>ALIBABA GROUP HOLDING LTD SPONSORED ADR</title>
        <cusip>01609W102</cusip>
        <identifiers>
          <ticker value="BABA"/>
          <other otherDesc="Internal Identifier" value="585759"/>
        </identifiers>
        <balance>93210.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18127480.80000000</valUSD>
        <pctVal>8.081490835648</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="5527703.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NAGACORP LTD ORD HKD.0125</name>
        <lei>549300MMNKN0RBJELS20</lei>
        <title>NAGACORP LTD ORD HKD.0125</title>
        <cusip>G6382M109</cusip>
        <identifiers>
          <ticker value="3918"/>
          <other otherDesc="Internal Identifier" value="377328"/>
        </identifiers>
        <balance>1525400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75440000"/>
        <valUSD>1556359.95000000</valUSD>
        <pctVal>0.693847579355</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>
    </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>2020-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Robert Kubilis</ncom:nameOfApplicant>
      <ncom:signature>Robert Kubilis</ncom:signature>
      <ncom:signerName>Robert Kubilis</ncom:signerName>
      <ncom:title>Chief Financial Officer, Chief Accounting Officer and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
