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        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000018G1"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R2406"/>
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        <balance>1209400.00000000</balance>
        <units>NS</units>
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        <valUSD>738177.43000000</valUSD>
        <pctVal>2.657030036518</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yangzhou Yangjie Electronic Technology Co. Ltd.</name>
        <lei>6556009FCJ7O8QPFTC19</lei>
        <title>Yangzhou Yangjie Electronic Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001R90"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5LTF66"/>
        </identifiers>
        <balance>19500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>181045.85000000</valUSD>
        <pctVal>0.651664819171</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Pharmaceuticals Holding Co. Ltd.</name>
        <lei>30030029J1KKCBY19820</lei>
        <title>Shanghai Pharmaceuticals Holding Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000C82"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R4Z57"/>
        </identifiers>
        <balance>90600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>230714.14000000</valUSD>
        <pctVal>0.830443163007</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>Gree Electric Appliances, Inc. of Zhuhai</name>
        <lei>655600UY069MU9JRAN62</lei>
        <title>Gree Electric Appliances, Inc. of Zhuhai, Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000001D4"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CPN99"/>
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        <balance>16615.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>81948.47000000</valUSD>
        <pctVal>0.294969119059</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>YTO Express Group Co. Ltd.</name>
        <lei>N/A</lei>
        <title>YTO Express Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000012J8"/>
          <other otherDesc="Inhouse Asset ID" value="SBYW5QJ15"/>
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        <balance>54017.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>154750.16000000</valUSD>
        <pctVal>0.557014894476</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>Tongwei Co. Ltd.</name>
        <lei>3003009CW4QYMCG0BH89</lei>
        <title>Tongwei Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001GS3"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3RCK63"/>
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        <balance>23800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>189934.35000000</valUSD>
        <pctVal>0.683658497817</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>Ningbo Haitian Precision Machinery Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Ningbo Haitian Precision Machinery Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003HW8"/>
          <other otherDesc="Inhouse Asset ID" value="SBP91NC14"/>
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        <balance>3700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>12767.17000000</valUSD>
        <pctVal>0.045954743118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BOE Technology Group Co. Ltd.</name>
        <lei>N/A</lei>
        <title>BOE Technology Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000016L5"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CPL75"/>
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        <balance>1129000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>651065.89000000</valUSD>
        <pctVal>2.343476724129</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>Hunan Aihua Group Co. Ltd.</name>
        <lei>655600UZMRTS4RQUXB72</lei>
        <title>Hunan Aihua Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000025P5"/>
          <other otherDesc="Inhouse Asset ID" value="SBYV1VQ20"/>
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        <balance>6500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>24848.82000000</valUSD>
        <pctVal>0.089441993792</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eastern Air Logistics Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Eastern Air Logistics Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000051G0"/>
          <other otherDesc="Inhouse Asset ID" value="SBP91N983"/>
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        <balance>26500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>68966.11000000</valUSD>
        <pctVal>0.248239811086</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>FTSE China A50 Index</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SGXDB0837656"/>
          <other otherDesc="Inhouse Asset ID" value="XUQ220228"/>
          <other otherDesc="Future Ticker" value="XUQ2 Index"/>
        </identifiers>
        <balance>92.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-32347.56000000</valUSD>
        <pctVal>-0.11643330591</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Singapore Exchange Derivatives Clearing</counterpartyName>
              <counterpartyLei>549300ZLWT3FK3F0FW61</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>FTSE China A50 Index</indexName>
                <indexIdentifier>XIN9I Index</indexIdentifier>
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            <expDate>2022-08-30</expDate>
            <notionalAmt>1259680.80000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-32347.56000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Keda Industrial Group Co. Ltd.</name>
        <lei>300300J9W79188WE1R80</lei>
        <title>Keda Industrial Group Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001CP8"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R8B96"/>
        </identifiers>
        <balance>35900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>106927.34000000</valUSD>
        <pctVal>0.384879220846</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Inner Mongolia Yili Industrial Group Co. Ltd.</name>
        <lei>3003002Q2A863JPQFH06</lei>
        <title>Inner Mongolia Yili Industrial Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000JP5"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R2V71"/>
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        <balance>94204.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>500117.03000000</valUSD>
        <pctVal>1.800144404963</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Beijing Easpring Material Technology Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Beijing Easpring Material Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000NN1"/>
          <other otherDesc="Inhouse Asset ID" value="SBD760M31"/>
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        <balance>6700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>95383.28000000</valUSD>
        <pctVal>0.343326996521</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>Blue Sail Medical Co. Ltd.</name>
        <lei>300300X9CB08YTW0L551</lei>
        <title>Blue Sail Medical Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000MZ7"/>
          <other otherDesc="Inhouse Asset ID" value="SBFY8HK33"/>
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        <balance>153000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>198452.45000000</valUSD>
        <pctVal>0.714318941546</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Zhejiang Xinan Chemical Industrial Group Co. Ltd.</name>
        <lei>30030036EGJFC01Q8074</lei>
        <title>Zhejiang Xinan Chemical Industrial Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001907"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3RF852"/>
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        <balance>46060.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>132936.56000000</valUSD>
        <pctVal>0.478498012153</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wuxi Lead Intelligent Equipment Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Wuxi Lead Intelligent Equipment Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001ZF9"/>
          <other otherDesc="Inhouse Asset ID" value="SBD6QWJ50"/>
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        <balance>29940.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>264704.48000000</valUSD>
        <pctVal>0.952789567355</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Qinghai Salt Lake Industry Co. Ltd.</name>
        <lei>300300Q8WSV1OODU9092</lei>
        <title>Qinghai Salt Lake Industry Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000SW2"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CNB30"/>
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        <balance>78423.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>338130.83000000</valUSD>
        <pctVal>1.217083772912</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Dongxing Securities Co. Ltd.</name>
        <lei>3003005E7NY9IQW9AF89</lei>
        <title>Dongxing Securities Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002177"/>
          <other otherDesc="Inhouse Asset ID" value="SBYQDMD71"/>
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        <balance>70300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>85584.54000000</valUSD>
        <pctVal>0.308056957853</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>Hunan Valin Steel Co. Ltd.</name>
        <lei>3003007J7HWD6GTNJ656</lei>
        <title>Hunan Valin Steel Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001006"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5M0H82"/>
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        <balance>91000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>61381.49000000</valUSD>
        <pctVal>0.220939378512</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AECC Aviation Power Co. Ltd.</name>
        <lei>N/A</lei>
        <title>AECC Aviation Power Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000JW1"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R5185"/>
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        <balance>1600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>11810.44000000</valUSD>
        <pctVal>0.042511044837</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Joincare Pharmaceutical Group Industry Co. Ltd.</name>
        <lei>3003006PUWUKPH72TS46</lei>
        <title>Joincare Pharmaceutical Group Industry Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001816"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3RBV06"/>
        </identifiers>
        <balance>186397.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>304747.66000000</valUSD>
        <pctVal>1.096922844388</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chongqing Brewery Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Chongqing Brewery Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000TL3"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3RCZ18"/>
        </identifiers>
        <balance>4700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>85595.92000000</valUSD>
        <pctVal>0.308097919552</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Huaneng Lancang River Hydropower, Inc.</name>
        <lei>30030082YV5CD400SM55</lei>
        <title>Huaneng Lancang River Hydropower, Inc., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002T71"/>
          <other otherDesc="Inhouse Asset ID" value="SBFYQHD07"/>
        </identifiers>
        <balance>42700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>44754.17000000</valUSD>
        <pctVal>0.161090232668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kweichow Moutai Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Kweichow Moutai Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000018R8"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R2F12"/>
        </identifiers>
        <balance>3379.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>950035.72000000</valUSD>
        <pctVal>3.419602579566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chacha Food Co. Ltd.</name>
        <lei>300300AJZ9YPIRBJZN87</lei>
        <title>Chacha Food Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000010Q5"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5LW578"/>
        </identifiers>
        <balance>3600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>25488.60000000</valUSD>
        <pctVal>0.091744847561</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Industrial Securities Co. Ltd.</name>
        <lei>300300E1011435000093</lei>
        <title>Industrial Securities Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000V95"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R5B84"/>
        </identifiers>
        <balance>250000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>239655.05000000</valUSD>
        <pctVal>0.862625488635</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Resources Microelectronics Ltd.</name>
        <lei>N/A</lei>
        <title>China Resources Microelectronics Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003S06"/>
          <other otherDesc="Inhouse Asset ID" value="SBP91NW12"/>
        </identifiers>
        <balance>4971.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>37376.60000000</valUSD>
        <pctVal>0.134535065455</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>JCET Group Co. Ltd.</name>
        <lei>30030032VVBWZTNDSQ81</lei>
        <title>JCET Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001F05"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3RCQ26"/>
        </identifiers>
        <balance>87000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>325721.86000000</valUSD>
        <pctVal>1.172418351467</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sinotrans Ltd.</name>
        <lei>5299005U1RZLKVFWR249</lei>
        <title>Sinotrans Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003GS8"/>
          <other otherDesc="Inhouse Asset ID" value="SBHHLN727"/>
        </identifiers>
        <balance>161883.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>90372.83000000</valUSD>
        <pctVal>0.325292150689</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Centre Testing International Group Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Centre Testing International Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000GV8"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5C7D33"/>
        </identifiers>
        <balance>8597.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>26203.93000000</valUSD>
        <pctVal>0.094319639500</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Anhui Guangxin Agrochemical Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Anhui Guangxin Agrochemical Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000022J5"/>
          <other otherDesc="Inhouse Asset ID" value="SBYQDMM63"/>
        </identifiers>
        <balance>157281.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>615837.45000000</valUSD>
        <pctVal>2.216673845288</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wanhua Chemical Group Co. Ltd.</name>
        <lei>3003002H0G2KDG6CR124</lei>
        <title>Wanhua Chemical Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000016J9"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R3S16"/>
        </identifiers>
        <balance>500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>6208.93000000</valUSD>
        <pctVal>0.022348710261</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jiangsu King's Luck Brewery JSC Ltd.</name>
        <lei>N/A</lei>
        <title>Jiangsu King's Luck Brewery JSC Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001TH8"/>
          <other otherDesc="Inhouse Asset ID" value="SBTFRHZ24"/>
        </identifiers>
        <balance>51100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>331563.85000000</valUSD>
        <pctVal>1.193446280894</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Avary Holding Shenzhen Co. Ltd.</name>
        <lei>30030067AGXAJK5FRS12</lei>
        <title>Avary Holding Shenzhen Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003GF5"/>
          <other otherDesc="Inhouse Asset ID" value="SBKDQ8001"/>
        </identifiers>
        <balance>4700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>21440.54000000</valUSD>
        <pctVal>0.077174072877</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shenzhen Inovance Technology Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Shenzhen Inovance Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000V46"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CMN88"/>
        </identifiers>
        <balance>13700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>134278.62000000</valUSD>
        <pctVal>0.483328685086</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Montage Technology Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Montage Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003MN7"/>
          <other otherDesc="Inhouse Asset ID" value="SBK71F773"/>
        </identifiers>
        <balance>7600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>64546.25000000</valUSD>
        <pctVal>0.232330762259</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of Communications Co. Ltd.</name>
        <lei>549300AX1UM10U30HK09</lei>
        <title>Bank of Communications Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000000S2"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R2G29"/>
        </identifiers>
        <balance>921700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>631167.04000000</valUSD>
        <pctVal>2.271851881655</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China National Medicines Corp. Ltd.</name>
        <lei>300300OVHIHIM0CJI911</lei>
        <title>China National Medicines Corp. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001D56"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R9B60"/>
        </identifiers>
        <balance>20400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>79196.49000000</valUSD>
        <pctVal>0.285063514766</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Luzhou Laojiao Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Luzhou Laojiao Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000GF2"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CMM71"/>
        </identifiers>
        <balance>12823.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>422455.79000000</valUSD>
        <pctVal>1.520606940165</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd.</name>
        <lei>529900ROARJHMUIME057</lei>
        <title>Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001733"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R4Q65"/>
        </identifiers>
        <balance>114200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>487690.32000000</valUSD>
        <pctVal>1.755415129340</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Fudan Microelectronics Group Co. Ltd.</name>
        <lei>300300MN0B6IF027O317</lei>
        <title>Shanghai Fudan Microelectronics Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100004PL2"/>
          <other otherDesc="Inhouse Asset ID" value="SBP7MLC27"/>
        </identifiers>
        <balance>9336.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>77704.38000000</valUSD>
        <pctVal>0.279692744912</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>People's Insurance Co. Group of China Ltd. (The)</name>
        <lei>3003000P2JHYHQ524P66</lei>
        <title>People's Insurance Co. Group of China Ltd. (The), Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003F27"/>
          <other otherDesc="Inhouse Asset ID" value="SBDFS9G86"/>
        </identifiers>
        <balance>89900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>62134.12000000</valUSD>
        <pctVal>0.223648429799</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Haier Smart Home Co. Ltd.</name>
        <lei>3003002BYTNGNJTWSH07</lei>
        <title>Haier Smart Home Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000CG9"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R3G92"/>
        </identifiers>
        <balance>27500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>101115.67000000</valUSD>
        <pctVal>0.363960426631</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Amlogic Shanghai Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Amlogic Shanghai Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003LZ3"/>
          <other otherDesc="Inhouse Asset ID" value="SBK71BW41"/>
        </identifiers>
        <balance>1118.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>14024.27000000</valUSD>
        <pctVal>0.050479607091</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Xi'an Triangle Defense Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Xi'an Triangle Defense Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003QF4"/>
          <other otherDesc="Inhouse Asset ID" value="SBK4XS223"/>
        </identifiers>
        <balance>12300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>84144.39000000</valUSD>
        <pctVal>0.302873215230</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bluestar Adisseo Co.</name>
        <lei>300300OQC145900DQ319</lei>
        <title>Bluestar Adisseo Co., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001253"/>
          <other otherDesc="Inhouse Asset ID" value="SBYV1QK19"/>
        </identifiers>
        <balance>81300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>114036.25000000</valUSD>
        <pctVal>0.410467360810</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jiangsu Shuangxing Color Plastic New Materials Co. Ltd.</name>
        <lei>6556008J01E40HI3ZT72</lei>
        <title>Jiangsu Shuangxing Color Plastic New Materials Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000013N6"/>
          <other otherDesc="Inhouse Asset ID" value="SBHQPRM84"/>
        </identifiers>
        <balance>49000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>201492.31000000</valUSD>
        <pctVal>0.725260754447</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JL Mag Rare-Earth Co. Ltd.</name>
        <lei>65560079RZSGJHK7CG66</lei>
        <title>JL Mag Rare-Earth Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003G83"/>
          <other otherDesc="Inhouse Asset ID" value="SBKDQ8F54"/>
        </identifiers>
        <balance>59400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>408123.11000000</valUSD>
        <pctVal>1.469017227833</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Industrial &amp; Commercial Bank of China Ltd.</name>
        <lei>5493002ERZU2K9PZDL40</lei>
        <title>Industrial &amp; Commercial Bank of China Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001P37"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R2174"/>
        </identifiers>
        <balance>116200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>75422.12000000</valUSD>
        <pctVal>0.271477872546</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CMOC Group Ltd.</name>
        <lei>2549008KG3638J59U652</lei>
        <title>CMOC Group Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001NR0"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R5748"/>
        </identifiers>
        <balance>144700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>115657.27000000</valUSD>
        <pctVal>0.416302135289</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Anhui Genuine New Materials Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Anhui Genuine New Materials Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002Z57"/>
          <other otherDesc="Inhouse Asset ID" value="SBKM3FF61"/>
        </identifiers>
        <balance>21140.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>42573.19000000</valUSD>
        <pctVal>0.153239912226</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhejiang Orient Gene Biotech Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Zhejiang Orient Gene Biotech Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003RM8"/>
          <other otherDesc="Inhouse Asset ID" value="SBNR4NX93"/>
        </identifiers>
        <balance>8170.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>137386.27000000</valUSD>
        <pctVal>0.494514504453</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZTE Corp.</name>
        <lei>3003004FBGVVG1CW5U45</lei>
        <title>ZTE Corp., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000TK5"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CPY06"/>
        </identifiers>
        <balance>44000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>159430.80000000</valUSD>
        <pctVal>0.573862606915</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Valiant Co. Ltd.</name>
        <lei>300300X9EWQN2SPPY217</lei>
        <title>Valiant Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000019T0"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5LYV75"/>
        </identifiers>
        <balance>8500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>22840.90000000</valUSD>
        <pctVal>0.082214593530</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Merchants Bank Co. Ltd.</name>
        <lei>549300MKO5B60FFIHF58</lei>
        <title>China Merchants Bank Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001B33"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R2737"/>
        </identifiers>
        <balance>9481.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>49320.97000000</valUSD>
        <pctVal>0.177528184138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhejiang Jiahua Energy Chemical Industry Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Zhejiang Jiahua Energy Chemical Industry Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001F62"/>
          <other otherDesc="Inhouse Asset ID" value="SBZ0D1G62"/>
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        <balance>120000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>181285.34000000</valUSD>
        <pctVal>0.652526850571</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jiangxi Copper Co. Ltd.</name>
        <lei>3003002E74YFQ6MEZY56</lei>
        <title>Jiangxi Copper Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000019P0"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R4R72"/>
        </identifiers>
        <balance>5200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>13016.44000000</valUSD>
        <pctVal>0.046851977103</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Han's Laser Technology Industry Group Co. Ltd.</name>
        <lei>300300MZXZR87BGKOZ23</lei>
        <title>Han's Laser Technology Industry Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001JQ1"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CKS95"/>
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        <balance>21475.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>101216.17000000</valUSD>
        <pctVal>0.364322170987</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>Yunnan Copper Co. Ltd.</name>
        <lei>300300BFPGI267QXCG14</lei>
        <title>Yunnan Copper Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000W13"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CJK47"/>
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        <balance>13100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>22366.61000000</valUSD>
        <pctVal>0.080507412134</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>37 Interactive Entertainment Network Technology Group Co. Ltd.</name>
        <lei>N/A</lei>
        <title>37 Interactive Entertainment Network Technology Group Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000010N2"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CMH28"/>
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        <balance>214835.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>623208.23000000</valUSD>
        <pctVal>2.243204572260</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sealand Securities Co. Ltd.</name>
        <lei>300300E1000345000084</lei>
        <title>Sealand Securities Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000008K4"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CMY94"/>
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        <balance>444800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>228951.88000000</valUSD>
        <pctVal>0.824100002728</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Glodon Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Glodon Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000PH8"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CK012"/>
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        <balance>5500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>37807.73000000</valUSD>
        <pctVal>0.136086894749</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Xiamen Xiangyu Co. Ltd.</name>
        <lei>300300J43OY0HAWA6E69</lei>
        <title>Xiamen Xiangyu Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000QN5"/>
          <other otherDesc="Inhouse Asset ID" value="SBKM3FV22"/>
        </identifiers>
        <balance>102900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>126897.81000000</valUSD>
        <pctVal>0.456761855667</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jiangsu Yanghe Brewery Joint-Stock Co. Ltd.</name>
        <lei>655600IQ7FXTTBKI8H68</lei>
        <title>Jiangsu Yanghe Brewery Joint-Stock Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000HB8"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CPF15"/>
        </identifiers>
        <balance>10700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>262105.87000000</valUSD>
        <pctVal>0.943436010144</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Quectel Wireless Solutions Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Quectel Wireless Solutions Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003N01"/>
          <other otherDesc="Inhouse Asset ID" value="SBK71FL10"/>
        </identifiers>
        <balance>6770.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>157566.18000000</valUSD>
        <pctVal>0.567151007312</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Xiamen Faratronic Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Xiamen Faratronic Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001D72"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3RDD69"/>
        </identifiers>
        <balance>4700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>145556.34000000</valUSD>
        <pctVal>0.523922232878</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aluminum Corp. of China Ltd.</name>
        <lei>529900TKZUWQLIQN6T48</lei>
        <title>Aluminum Corp. of China Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000000T0"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R4D36"/>
        </identifiers>
        <balance>10100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>7007.11000000</valUSD>
        <pctVal>0.025221716328</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Xinjiang Goldwind Science &amp; Technology Co. Ltd.</name>
        <lei>3003008X6GR2ZPYM2V54</lei>
        <title>Xinjiang Goldwind Science &amp; Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000008S5"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CQ589"/>
        </identifiers>
        <balance>3754.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>8317.19000000</valUSD>
        <pctVal>0.029937278967</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China International Capital Corp. Ltd.</name>
        <lei>529900OS3SVVTT56QN67</lei>
        <title>China International Capital Corp. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000048J0"/>
          <other otherDesc="Inhouse Asset ID" value="SBMYPCF33"/>
        </identifiers>
        <balance>7700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>48501.72000000</valUSD>
        <pctVal>0.174579337738</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LONGi Green Energy Technology Co. Ltd.</name>
        <lei>300300NRGAITUP1EZ248</lei>
        <title>LONGi Green Energy Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001FR6"/>
          <other otherDesc="Inhouse Asset ID" value="SBRTL4110"/>
        </identifiers>
        <balance>11340.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>103681.99000000</valUSD>
        <pctVal>0.373197757720</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ningbo Ronbay New Energy Technology Co. Ltd.</name>
        <lei>836800IZGSNBP6FLFG39</lei>
        <title>Ningbo Ronbay New Energy Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003MS6"/>
          <other otherDesc="Inhouse Asset ID" value="SBK71FC28"/>
        </identifiers>
        <balance>6372.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>131530.48000000</valUSD>
        <pctVal>0.473436902666</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zoomlion Heavy Industry Science and Technology Co. Ltd.</name>
        <lei>529900QZ3EMAU0QKFK85</lei>
        <title>Zoomlion Heavy Industry Science and Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001527"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CPZ13"/>
        </identifiers>
        <balance>239881.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>218520.39000000</valUSD>
        <pctVal>0.786552414399</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bright Dairy &amp; Food Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Bright Dairy &amp; Food Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001C99"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R5J60"/>
        </identifiers>
        <balance>12100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>21693.82000000</valUSD>
        <pctVal>0.078085740642</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Xilinmen Furniture Co. Ltd.</name>
        <lei>300300QOAE49OXLJF829</lei>
        <title>Xilinmen Furniture Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001JQ0"/>
          <other otherDesc="Inhouse Asset ID" value="SBYYFJP68"/>
        </identifiers>
        <balance>69950.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>308012.11000000</valUSD>
        <pctVal>1.108673056939</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China United Network Communications Ltd.</name>
        <lei>300300UTFDNZL9GJRR78</lei>
        <title>China United Network Communications Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001CS2"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R2X95"/>
        </identifiers>
        <balance>1561879.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>796397.37000000</valUSD>
        <pctVal>2.866589585507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hangzhou Robam Appliances Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Hangzhou Robam Appliances Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000WY9"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CGX64"/>
        </identifiers>
        <balance>40555.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>170146.80000000</valUSD>
        <pctVal>0.612434273718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AVIC Electromechanical Systems Co. Ltd.</name>
        <lei>N/A</lei>
        <title>AVIC Electromechanical Systems Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001JY5"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CJ825"/>
        </identifiers>
        <balance>33800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>59250.33000000</valUSD>
        <pctVal>0.213268382485</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Anhui Gujing Distillery Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Anhui Gujing Distillery Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000MD5"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5M1G40"/>
        </identifiers>
        <balance>3082.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>97547.54000000</valUSD>
        <pctVal>0.351117134221</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Baoshan Iron &amp; Steel Co. Ltd.</name>
        <lei>300300PYAP4PEHORZT21</lei>
        <title>Baoshan Iron &amp; Steel Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000015R4"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R2Y03"/>
        </identifiers>
        <balance>142400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>119868.89000000</valUSD>
        <pctVal>0.431461635414</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Midea Group Co. Ltd.</name>
        <lei>3003003TRPHLHZD2IF61</lei>
        <title>Midea Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001QQ5"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CPP14"/>
        </identifiers>
        <balance>14100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>115000.53000000</valUSD>
        <pctVal>0.413938234911</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Humanwell Healthcare Group Co. Ltd.</name>
        <lei>300300CT1GETYDVFFG34</lei>
        <title>Humanwell Healthcare Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000QW6"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R7124"/>
        </identifiers>
        <balance>7400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>19263.58000000</valUSD>
        <pctVal>0.069338222208</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grinm Advanced Materials Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Grinm Advanced Materials Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000YF5"/>
          <other otherDesc="Inhouse Asset ID" value="SBZ0D1F55"/>
        </identifiers>
        <balance>3800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>9153.45000000</valUSD>
        <pctVal>0.032947351950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BYD Co. Ltd.</name>
        <lei>5299005557VL7ULJ7A69</lei>
        <title>BYD Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001526"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CQ696"/>
        </identifiers>
        <balance>21800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>1039758.57000000</valUSD>
        <pctVal>3.742555162134</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hundsun Technologies, Inc.</name>
        <lei>3003003LS77D1DRDDE25</lei>
        <title>Hundsun Technologies, Inc., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001GD5"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R6B58"/>
        </identifiers>
        <balance>6888.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>43388.07000000</valUSD>
        <pctVal>0.156173029046</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PetroChina Co. Ltd.</name>
        <lei>529900RPY4YG47TRSV05</lei>
        <title>PetroChina Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000007Q1"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R2067"/>
        </identifiers>
        <balance>705400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>545639.80000000</valUSD>
        <pctVal>1.964001172076</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fuyao Glass Industry Group Co. Ltd.</name>
        <lei>549300AS5CSLWETN0P64</lei>
        <title>Fuyao Glass Industry Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000230"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R6K41"/>
        </identifiers>
        <balance>11400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>69271.45000000</valUSD>
        <pctVal>0.249338866027</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of Hangzhou Co. Ltd.</name>
        <lei>300300C1092033000075</lei>
        <title>Bank of Hangzhou Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002GQ4"/>
          <other otherDesc="Inhouse Asset ID" value="SBYW5MZ99"/>
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        <balance>123200.00000000</balance>
        <units>NS</units>
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        <valUSD>261232.52000000</valUSD>
        <pctVal>0.940292433697</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>China Express Airlines Co. Ltd.</name>
        <lei>N/A</lei>
        <title>China Express Airlines Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000033L8"/>
          <other otherDesc="Inhouse Asset ID" value="SBHQPRW83"/>
        </identifiers>
        <balance>11100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>16927.60000000</valUSD>
        <pctVal>0.060929987586</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>Bloomage Biotechnology Corp. Ltd.</name>
        <lei>3003000JYMDZWD0IUE82</lei>
        <title>Bloomage Biotechnology Corp. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003NL9"/>
          <other otherDesc="Inhouse Asset ID" value="SBP91NT81"/>
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        <balance>5374.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
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        <pctVal>0.457349861218</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Contemporary Amperex Technology Co. Ltd.</name>
        <lei>300300KINDY1K0E9I032</lei>
        <title>Contemporary Amperex Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003662"/>
          <other otherDesc="Inhouse Asset ID" value="SBHQPSY71"/>
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        <balance>14005.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>1061892.44000000</valUSD>
        <pctVal>3.822224839131</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>Ping An Insurance Group Co. of China Ltd.</name>
        <lei>529900M9MC28JLN35U89</lei>
        <title>Ping An Insurance Group Co. of China Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001R84"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R2844"/>
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        <balance>4900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>30606.89000000</valUSD>
        <pctVal>0.110167857684</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Fosun Pharmaceutical Group Co. Ltd.</name>
        <lei>300300DMUYLW3FP1OT73</lei>
        <title>Shanghai Fosun Pharmaceutical Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000X38"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R3M53"/>
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        <balance>1000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>6501.08000000</valUSD>
        <pctVal>0.023400288504</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>ENN Natural Gas Co. Ltd.</name>
        <lei>300300KVDMGNQNP52Z98</lei>
        <title>ENN Natural Gas Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000DG7"/>
          <other otherDesc="Inhouse Asset ID" value="SBYYFJJ08"/>
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        <balance>70000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
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        <pctVal>0.644521717942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanxi Xinghuacun Fen Wine Factory Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Shanxi Xinghuacun Fen Wine Factory Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000DH5"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R8205"/>
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        <balance>1900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>77163.47000000</valUSD>
        <pctVal>0.277745768401</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>China State Construction Engineering Corp. Ltd.</name>
        <lei>300300CWW8WOEV3BR645</lei>
        <title>China State Construction Engineering Corp. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000F46"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R2Q28"/>
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        <balance>516500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>385620.98000000</valUSD>
        <pctVal>1.388022018733</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>China Zhenhua Group Science &amp; Technology Co. Ltd.</name>
        <lei>N/A</lei>
        <title>China Zhenhua Group Science &amp; Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000RY0"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5C8852"/>
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        <balance>6600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>115895.68000000</valUSD>
        <pctVal>0.417160279287</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>China International Marine Containers Group Co. Ltd.</name>
        <lei>300300Q7JK7J0KAIEA51</lei>
        <title>China International Marine Containers Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000644"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CPX98"/>
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        <balance>169341.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>330463.19000000</valUSD>
        <pctVal>1.189484514304</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>Zhejiang Weixing New Building Materials Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Zhejiang Weixing New Building Materials Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000MK9"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5LYB77"/>
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        <balance>140100.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>408452.81000000</valUSD>
        <pctVal>1.470203965285</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Yunnan Energy New Material Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Yunnan Energy New Material Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002BR3"/>
          <other otherDesc="Inhouse Asset ID" value="SBFCCR309"/>
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        <balance>7101.00000000</balance>
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        <pctVal>0.810811206847</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Chongqing Fuling Zhacai Group Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Chongqing Fuling Zhacai Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000WX1"/>
          <other otherDesc="Inhouse Asset ID" value="SBFCCQ996"/>
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        <balance>5800.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Shengyi Technology Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Shengyi Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000XL5"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3RC396"/>
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        <balance>4100.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TBEA Co. Ltd.</name>
        <lei>300300NIEBMOQ4DNLE36</lei>
        <title>TBEA Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000RB8"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R4H73"/>
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        <balance>67700.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Yutong Bus Co. Ltd.</name>
        <lei>300300OMPRVW0Q75F037</lei>
        <title>Yutong Bus Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
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          <isin value="CNE000000PY4"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R5T69"/>
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        <balance>55300.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>China Jushi Co. Ltd.</name>
        <lei>300300JZBQ0FKI1TDH04</lei>
        <title>China Jushi Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000YM1"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3RDW50"/>
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        <balance>29700.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BlackRock Liquidity Funds</name>
        <lei>5493002L9DNZ83RX7V61</lei>
        <title>T-Fund, Institutional Class</title>
        <cusip>09248U718</cusip>
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          <isin value="US09248U7182"/>
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        <curCd>USD</curCd>
        <valUSD>1205104.99000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</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>TCL Zhonghuan Renewable Energy Technology Co. Ltd.</name>
        <lei>300300Y3UHPAM1FB1Y03</lei>
        <title>TCL Zhonghuan Renewable Energy Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000000B8"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CMT41"/>
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        <balance>10500.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Maanshan Iron &amp; Steel Co. Ltd.</name>
        <lei>529900A75J4LKKIUAJ17</lei>
        <title>Maanshan Iron &amp; Steel Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000DD4"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R9K52"/>
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        <balance>108200.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>50270.26000000</valUSD>
        <pctVal>0.180945102539</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Putailai New Energy Technology Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Shanghai Putailai New Energy Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002TX3"/>
          <other otherDesc="Inhouse Asset ID" value="SBF2DZJ54"/>
        </identifiers>
        <balance>8640.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>90723.09000000</valUSD>
        <pctVal>0.326552892758</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Proya Cosmetics Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Proya Cosmetics Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002TP9"/>
          <other otherDesc="Inhouse Asset ID" value="SBKM3FN47"/>
        </identifiers>
        <balance>700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>18284.28000000</valUSD>
        <pctVal>0.065813284424</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Suzhou Dongshan Precision Manufacturing Co. Ltd.</name>
        <lei>300300PUYVPZAJYVAE50</lei>
        <title>Suzhou Dongshan Precision Manufacturing Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000N79"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CF286"/>
        </identifiers>
        <balance>16000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>63406.97000000</valUSD>
        <pctVal>0.228229985052</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chongqing Changan Automobile Co. Ltd.</name>
        <lei>300300WKFSBX9P5ZOM25</lei>
        <title>Chongqing Changan Automobile Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000R36"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CP623"/>
        </identifiers>
        <balance>68302.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>186223.69000000</valUSD>
        <pctVal>0.670302176322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hubei Xingfa Chemicals Group Co. Ltd.</name>
        <lei>300300VDBHR35WWCOK67</lei>
        <title>Hubei Xingfa Chemicals Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000ZC9"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3RHC38"/>
        </identifiers>
        <balance>30300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>167550.64000000</valUSD>
        <pctVal>0.603089535151</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shandong Sun Paper Industry JSC Ltd.</name>
        <lei>3003003IDX6WN6H5CH12</lei>
        <title>Shandong Sun Paper Industry JSC Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001P52"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CC945"/>
        </identifiers>
        <balance>18400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>32034.50000000</valUSD>
        <pctVal>0.115306463250</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Unisplendour Corp. Ltd.</name>
        <lei>300300Z3RHZRXCNTRC53</lei>
        <title>Unisplendour Corp. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000010T1"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CBG49"/>
        </identifiers>
        <balance>6780.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>18677.38000000</valUSD>
        <pctVal>0.067228226773</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Beijing Oriental Yuhong Waterproof Technology Co. Ltd.</name>
        <lei>300300XMIXB7STDZWT60</lei>
        <title>Beijing Oriental Yuhong Waterproof Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000CS3"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CFP16"/>
        </identifiers>
        <balance>11300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>67736.36000000</valUSD>
        <pctVal>0.243813391970</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AVIC Industry-Finance Holdings Co. Ltd.</name>
        <lei>300300459IU931EYE898</lei>
        <title>AVIC Industry-Finance Holdings Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000KC1"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R4C29"/>
        </identifiers>
        <balance>396100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>191500.27000000</valUSD>
        <pctVal>0.689294942804</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhejiang NHU Co. Ltd.</name>
        <lei>655600NJSJADB39G3P54</lei>
        <title>Zhejiang NHU Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001J84"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CH662"/>
        </identifiers>
        <balance>54340.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>166011.86000000</valUSD>
        <pctVal>0.597550779137</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AECC Aero-Engine Control Co. Ltd.</name>
        <lei>N/A</lei>
        <title>AECC Aero-Engine Control Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000RM5"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CMK57"/>
        </identifiers>
        <balance>28300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>114542.63000000</valUSD>
        <pctVal>0.412290048439</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Postal Savings Bank of China Co. Ltd.</name>
        <lei>300300C1040311005298</lei>
        <title>Postal Savings Bank of China Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003PZ4"/>
          <other otherDesc="Inhouse Asset ID" value="SBL61XF92"/>
        </identifiers>
        <balance>216639.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>150674.64000000</valUSD>
        <pctVal>0.542345278995</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Rural Commercial Bank Co. Ltd.</name>
        <lei>300300C1122131000095</lei>
        <title>Shanghai Rural Commercial Bank Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100004QD7"/>
          <other otherDesc="Inhouse Asset ID" value="SBQ3RWZ88"/>
        </identifiers>
        <balance>20900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>19378.80000000</valUSD>
        <pctVal>0.069752950414</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>Eve Energy Co. Ltd.</name>
        <lei>300300FTCIO530XV7T38</lei>
        <title>Eve Energy Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000GS4"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5C7G63"/>
        </identifiers>
        <balance>2300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>32246.66000000</valUSD>
        <pctVal>0.116070121782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SG Micro Corp.</name>
        <lei>N/A</lei>
        <title>SG Micro Corp., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002NT4"/>
          <other otherDesc="Inhouse Asset ID" value="SBHQPSR04"/>
        </identifiers>
        <balance>6875.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>164095.85000000</valUSD>
        <pctVal>0.590654203987</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sanquan Food Co. Ltd.</name>
        <lei>3003005DWFNHNJPU6A63</lei>
        <title>Sanquan Food Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000009J2"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5LY848"/>
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        <balance>15600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>39225.41000000</valUSD>
        <pctVal>0.141189757813</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shenzhen Mindray Bio-Medical Electronics Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003G67"/>
          <other otherDesc="Inhouse Asset ID" value="SBHQK8648"/>
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        <balance>6400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>274908.25000000</valUSD>
        <pctVal>0.989517489767</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Construction Bank Corp.</name>
        <lei>5493001KQW6DM7KEDR62</lei>
        <title>China Construction Bank Corp., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000742"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R3L47"/>
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        <balance>40700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>33604.32000000</valUSD>
        <pctVal>0.120956946078</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WuXi AppTec Co. Ltd.</name>
        <lei>254900OEPQLZSPLN9175</lei>
        <title>WuXi AppTec Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000031K4"/>
          <other otherDesc="Inhouse Asset ID" value="SBHWLWV43"/>
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        <balance>26598.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>367973.26000000</valUSD>
        <pctVal>1.324499997860</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tian Di Science &amp; Technology Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Tian Di Science &amp; Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001B90"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R8L95"/>
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        <balance>124000.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>92594.01000000</valUSD>
        <pctVal>0.333287168874</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Heilongjiang Agriculture Co. Ltd.</name>
        <lei>300300QU9AQS1YMTV002</lei>
        <title>Heilongjiang Agriculture Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000019Z9"/>
          <other otherDesc="Inhouse Asset ID" value="SBFF5BX44"/>
        </identifiers>
        <balance>38600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>80315.82000000</valUSD>
        <pctVal>0.289092483019</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Guangzhou Shiyuan Electronic Technology Co. Ltd.</name>
        <lei>300300XCN9JKXKDKGF57</lei>
        <title>Guangzhou Shiyuan Electronic Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002K47"/>
          <other otherDesc="Inhouse Asset ID" value="SBFCCR416"/>
        </identifiers>
        <balance>4900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>49407.12000000</valUSD>
        <pctVal>0.177838276439</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Industrial Bank Co. Ltd.</name>
        <lei>300300C1030935001303</lei>
        <title>Industrial Bank Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001QZ7"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R2950"/>
        </identifiers>
        <balance>226900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>598142.80000000</valUSD>
        <pctVal>2.152982902399</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>G-bits Network Technology Xiamen Co. Ltd.</name>
        <lei>N/A</lei>
        <title>G-bits Network Technology Xiamen Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002GK7"/>
          <other otherDesc="Inhouse Asset ID" value="SBYZQW376"/>
        </identifiers>
        <balance>3100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>163268.39000000</valUSD>
        <pctVal>0.587675806132</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jonjee Hi-Tech Industrial And Commercial Holding Co. Ltd.</name>
        <lei>3003004VPK0KK2I9LF35</lei>
        <title>Jonjee Hi-Tech Industrial And Commercial Holding Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000HK0"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3RB109"/>
        </identifiers>
        <balance>3500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>18010.85000000</valUSD>
        <pctVal>0.064829087815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhejiang Supor Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Zhejiang Supor Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001KS5"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5M2276"/>
        </identifiers>
        <balance>5800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>40347.40000000</valUSD>
        <pctVal>0.145228300593</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Universal Scientific Industrial Shanghai Co. Ltd.</name>
        <lei>655600ZQ6P2GFIBK8C07</lei>
        <title>Universal Scientific Industrial Shanghai Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001BZ8"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R4F59"/>
        </identifiers>
        <balance>56300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>149089.33000000</valUSD>
        <pctVal>0.536639040744</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NAURA Technology Group Co. Ltd.</name>
        <lei>300300JI5I0B95GO5C39</lei>
        <title>NAURA Technology Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000ML7"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5LYF16"/>
        </identifiers>
        <balance>6001.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>226250.39000000</valUSD>
        <pctVal>0.814376134480</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China CITIC Bank Corp. Ltd.</name>
        <lei>300300C1030211000384</lei>
        <title>China CITIC Bank Corp. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000000R4"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R2H36"/>
        </identifiers>
        <balance>14200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>9178.91000000</valUSD>
        <pctVal>0.033038993853</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yunnan Botanee Bio-Technology Group Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Yunnan Botanee Bio-Technology Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100004G74"/>
          <other otherDesc="Inhouse Asset ID" value="SBP91N439"/>
        </identifiers>
        <balance>15000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>431701.03000000</valUSD>
        <pctVal>1.553884685293</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Inner Mongolia ERDOS Resources Co. Ltd.</name>
        <lei>300300UPV0ZBASQKK574</lei>
        <title>Inner Mongolia ERDOS Resources Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000017T6"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3RH890"/>
        </identifiers>
        <balance>50960.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>137857.23000000</valUSD>
        <pctVal>0.496209699694</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gigadevice Semiconductor Beijing, Inc.</name>
        <lei>N/A</lei>
        <title>Gigadevice Semiconductor Beijing, Inc., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000030S9"/>
          <other otherDesc="Inhouse Asset ID" value="SBHWLWF82"/>
        </identifiers>
        <balance>2744.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>48272.26000000</valUSD>
        <pctVal>0.173753408785</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New China Life Insurance Co. Ltd.</name>
        <lei>529900QCDGPLPB62KH67</lei>
        <title>New China Life Insurance Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000019Y0"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R3F85"/>
        </identifiers>
        <balance>3700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>15919.45000000</valUSD>
        <pctVal>0.057301205774</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Guangzhou Kingmed Diagnostics Group Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Guangzhou Kingmed Diagnostics Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002VW1"/>
          <other otherDesc="Inhouse Asset ID" value="SBFYX6890"/>
        </identifiers>
        <balance>30400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>313562.04000000</valUSD>
        <pctVal>1.128649732073</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hengtong Optic-electric Co. Ltd.</name>
        <lei>655600VKTXMT2WKBE151</lei>
        <title>Hengtong Optic-electric Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001FQ9"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3RFS50"/>
        </identifiers>
        <balance>76300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>177139.22000000</valUSD>
        <pctVal>0.637603114180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Galaxy Securities Co. Ltd.</name>
        <lei>3003008KFQXO06OK8582</lei>
        <title>China Galaxy Securities Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002FG7"/>
          <other otherDesc="Inhouse Asset ID" value="SBYWPH658"/>
        </identifiers>
        <balance>72000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>92862.25000000</valUSD>
        <pctVal>0.334252684356</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>StarPower Semiconductor Ltd.</name>
        <lei>N/A</lei>
        <title>StarPower Semiconductor Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003RN6"/>
          <other otherDesc="Inhouse Asset ID" value="SBL58R377"/>
        </identifiers>
        <balance>1700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>98298.23000000</valUSD>
        <pctVal>0.353819202582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Suzhou Maxwell Technologies Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Suzhou Maxwell Technologies Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003FS0"/>
          <other otherDesc="Inhouse Asset ID" value="SBL61W967"/>
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        <balance>640.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>44918.18000000</valUSD>
        <pctVal>0.161680577860</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>Western Mining Co. Ltd.</name>
        <lei>300300QBV4A9N1NDK519</lei>
        <title>Western Mining Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000619"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R7X45"/>
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        <balance>75400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>126060.93000000</valUSD>
        <pctVal>0.453749551028</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>Northeast Securities Co. Ltd.</name>
        <lei>300300E1002922000054</lei>
        <title>Northeast Securities Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000004H9"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CMQ10"/>
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        <balance>263700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>271438.81000000</valUSD>
        <pctVal>0.977029426715</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>Sunwoda Electronic Co. Ltd.</name>
        <lei>836800CQGW5QDXND0Q43</lei>
        <title>Sunwoda Electronic Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001260"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CCV65"/>
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        <balance>6100.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>26009.34000000</valUSD>
        <pctVal>0.093619223240</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SooChow Securities Co. Ltd.</name>
        <lei>300300E1008532000098</lei>
        <title>SooChow Securities Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000019P8"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R6Z94"/>
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        <balance>148100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>145019.25000000</valUSD>
        <pctVal>0.521989006252</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Henan Shenhuo Coal &amp; Power Co. Ltd.</name>
        <lei>300300GF8XK44CSHXV64</lei>
        <title>Henan Shenhuo Coal &amp; Power Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001097"/>
          <other otherDesc="Inhouse Asset ID" value="SBD6QWQ29"/>
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        <balance>83100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>177282.92000000</valUSD>
        <pctVal>0.638120354616</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Luxshare Precision Industry Co. Ltd.</name>
        <lei>300300QLLDUELXN16530</lei>
        <title>Luxshare Precision Industry Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000TP3"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CN800"/>
        </identifiers>
        <balance>2400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.75140000"/>
        <valUSD>12079.54000000</valUSD>
        <pctVal>0.043479655842</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in B.5.a have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>





    </explntrNotes>
    <signature>
      <ncom:dateSigned>2022-07-31</ncom:dateSigned>
      <ncom:nameOfApplicant>BlackRock Funds</ncom:nameOfApplicant>
      <ncom:signature>Ann Frechette</ncom:signature>
      <ncom:signerName>Ann Frechette</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
