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        <title>Tsingtao Brewery Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000009Y3"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R4998"/>
        </identifiers>
        <balance>1098.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>18565.00000000</valUSD>
        <pctVal>0.082604469029</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>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"/>
        </identifiers>
        <balance>109106.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>272887.18000000</valUSD>
        <pctVal>1.214204180391</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>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"/>
        </identifiers>
        <balance>25000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>144152.30000000</valUSD>
        <pctVal>0.641401788362</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>SAIC Motor Corp. Ltd.</name>
        <lei>N/A</lei>
        <title>SAIC Motor Corp. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000TY6"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R2D97"/>
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        <balance>10800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>22065.83000000</valUSD>
        <pctVal>0.098181318117</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>Shenzhen YUTO Packaging Technology Co. Ltd.</name>
        <lei>300300FSMGQ1XKYWTT66</lei>
        <title>Shenzhen YUTO Packaging Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002H00"/>
          <other otherDesc="Inhouse Asset ID" value="SBD6QWS43"/>
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        <balance>23200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>84968.05000000</valUSD>
        <pctVal>0.378063057083</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>712500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>414110.78000000</valUSD>
        <pctVal>1.842574796739</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>Hymson Laser Technology Group Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Hymson Laser Technology Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100004330"/>
          <other otherDesc="Inhouse Asset ID" value="SBNHPNH66"/>
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        <balance>1462.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>9701.07000000</valUSD>
        <pctVal>0.043164650491</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sansure Biotech, Inc.</name>
        <lei>N/A</lei>
        <title>Sansure Biotech, Inc., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000043J1"/>
          <other otherDesc="Inhouse Asset ID" value="SBP91NQ50"/>
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        <balance>2424.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>6567.98000000</valUSD>
        <pctVal>0.029224050659</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>Xinyu Iron &amp; Steel Co. Ltd.</name>
        <lei>300300IV9H52BDI2RN64</lei>
        <title>Xinyu Iron &amp; Steel Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000NP7"/>
          <other otherDesc="Inhouse Asset ID" value="SBF2DZ401"/>
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        <balance>23900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>13722.93000000</valUSD>
        <pctVal>0.061059808574</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 Jumpcan Pharmaceutical Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Hubei Jumpcan Pharmaceutical Co. Ltd., Class A</title>
        <cusip>100566CH9</cusip>
        <identifiers>
          <isin value="CNE0000018X6"/>
          <other otherDesc="Inhouse Asset ID" value="SBS7K3N24"/>
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        <balance>27075.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>123474.23000000</valUSD>
        <pctVal>0.549395271103</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 Suzhou Co. Ltd.</name>
        <lei>300300C1115332000047</lei>
        <title>Bank of Suzhou Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003LQ2"/>
          <other otherDesc="Inhouse Asset ID" value="SBK717607"/>
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        <balance>22400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>24338.06000000</valUSD>
        <pctVal>0.108291544493</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>22100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>94385.24000000</valUSD>
        <pctVal>0.419964591137</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>Ping An Bank Co. Ltd.</name>
        <lei>549300W9MKNIVWXFM679</lei>
        <title>Ping An Bank Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000040"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CPS45"/>
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        <balance>367500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>667395.75000000</valUSD>
        <pctVal>2.969559470055</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>Wuliangye Yibin Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Wuliangye Yibin Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000VQ8"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CPG22"/>
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        <balance>5400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>131953.27000000</valUSD>
        <pctVal>0.587122531920</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>Chongqing Zhifei Biological Products Co. Ltd.</name>
        <lei>300300DRZD9P8L2NA467</lei>
        <title>Chongqing Zhifei Biological Products Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000V20"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CJY83"/>
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        <balance>3700.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>43560.98000000</valUSD>
        <pctVal>0.193823410898</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>
        <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>202500.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>154577.94000000</valUSD>
        <pctVal>0.687790393613</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sangfor Technologies, Inc.</name>
        <lei>N/A</lei>
        <title>Sangfor Technologies, Inc., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000033T1"/>
          <other otherDesc="Inhouse Asset ID" value="SBHQPS706"/>
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        <balance>900.00000000</balance>
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        <valUSD>15506.27000000</valUSD>
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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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Zhejiang Jingsheng Mechanical &amp; Electrical Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Zhejiang Jingsheng Mechanical &amp; Electrical Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001DJ8"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5M1Y24"/>
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        <balance>33590.00000000</balance>
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        <valUSD>332784.55000000</valUSD>
        <pctVal>1.480715919962</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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          <isLoanByFund>N</isLoanByFund>
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      </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"/>
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        <balance>175497.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      </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"/>
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        <balance>4379.00000000</balance>
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        <valUSD>1114902.18000000</valUSD>
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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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wangsu Science &amp; Technology Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Wangsu Science &amp; Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000GQ8"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CN248"/>
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        <balance>101300.00000000</balance>
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        <valUSD>131816.53000000</valUSD>
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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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hengdian Group DMEGC Magnetics Co. Ltd.</name>
        <lei>655600E3R8NAYSJHBN36</lei>
        <title>Hengdian Group DMEGC Magnetics Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001N70"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5C8D07"/>
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        <balance>76773.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>210954.98000000</valUSD>
        <pctVal>0.938638519370</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>Sichuan Kelun Pharmaceutical Co. Ltd.</name>
        <lei>30030014Z0J8J835FO94</lei>
        <title>Sichuan Kelun Pharmaceutical Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000PW7"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CL085"/>
        </identifiers>
        <balance>48600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>223388.31000000</valUSD>
        <pctVal>0.993960287370</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>8097.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>22542.42000000</valUSD>
        <pctVal>0.100301892526</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>28081.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>118529.45000000</valUSD>
        <pctVal>0.527393605260</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>2600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>34667.35000000</valUSD>
        <pctVal>0.154251443006</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>Daqin Railway Co. Ltd.</name>
        <lei>30030098LARO7YWJL882</lei>
        <title>Daqin Railway Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001NG4"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R2N96"/>
        </identifiers>
        <balance>303400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>337556.65000000</valUSD>
        <pctVal>1.501949250782</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>9400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>81314.74000000</valUSD>
        <pctVal>0.361807752329</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>85000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>321307.97000000</valUSD>
        <pctVal>1.429651185398</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>Offshore Oil Engineering Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Offshore Oil Engineering Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000019T2"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R4550"/>
        </identifiers>
        <balance>82900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>80764.52000000</valUSD>
        <pctVal>0.359359563213</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>9750.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>87140.76000000</valUSD>
        <pctVal>0.387730471891</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>Gemdale Corp.</name>
        <lei>300300VAI0OCY3OKWO66</lei>
        <title>Gemdale Corp., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001790"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R3Q91"/>
        </identifiers>
        <balance>190300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>224565.86000000</valUSD>
        <pctVal>0.999199764478</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>523.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>17092.38000000</valUSD>
        <pctVal>0.076052085879</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>35400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>171272.73000000</valUSD>
        <pctVal>0.762073413463</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>Newland Digital Technology Co. Ltd.</name>
        <lei>300300ZUFD0Z67DVAK44</lei>
        <title>Newland Digital Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000014B1"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CJ155"/>
        </identifiers>
        <balance>5100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>11788.31000000</valUSD>
        <pctVal>0.052451768828</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>GoodWe Technologies Co. Ltd.</name>
        <lei>N/A</lei>
        <title>GoodWe Technologies Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100004363"/>
          <other otherDesc="Inhouse Asset ID" value="SBP91NV05"/>
        </identifiers>
        <balance>986.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>37110.81000000</valUSD>
        <pctVal>0.165123552670</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>Qi An Xin Technology Group, Inc.</name>
        <lei>N/A</lei>
        <title>Qi An Xin Technology Group, Inc., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000041K3"/>
          <other otherDesc="Inhouse Asset ID" value="SBNHPNK96"/>
        </identifiers>
        <balance>1133.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>9690.86000000</valUSD>
        <pctVal>0.043119221370</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>119600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>410341.16000000</valUSD>
        <pctVal>1.825801973763</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>JA Solar Technology Co. Ltd.</name>
        <lei>N/A</lei>
        <title>JA Solar Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000SD1"/>
          <other otherDesc="Inhouse Asset ID" value="SBMVB5001"/>
        </identifiers>
        <balance>18060.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>105387.34000000</valUSD>
        <pctVal>0.468918139680</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>Xinfengming Group Co. Ltd.</name>
        <lei>300300EUL4DEDVVTFA59</lei>
        <title>Xinfengming Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002RH0"/>
          <other otherDesc="Inhouse Asset ID" value="SBFB4M988"/>
        </identifiers>
        <balance>6900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>10273.07000000</valUSD>
        <pctVal>0.045709749133</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>DaShenLin Pharmaceutical Group Co. Ltd.</name>
        <lei>300300TO4U1GUOTTHK82</lei>
        <title>DaShenLin Pharmaceutical Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002RG2"/>
          <other otherDesc="Inhouse Asset ID" value="SBFB4S787"/>
        </identifiers>
        <balance>9558.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>47572.12000000</valUSD>
        <pctVal>0.211670870629</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>8300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>9786.50000000</valUSD>
        <pctVal>0.043544768982</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>Luenmei Quantum Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Luenmei Quantum Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000Y94"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3RMH32"/>
        </identifiers>
        <balance>28100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>24871.48000000</valUSD>
        <pctVal>0.110664982460</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>Jiajiayue Group Co. Ltd.</name>
        <lei>300300AG5L5OCFE7EW73</lei>
        <title>Jiajiayue Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002ZV4"/>
          <other otherDesc="Inhouse Asset ID" value="SBK947N43"/>
        </identifiers>
        <balance>15700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>33495.88000000</valUSD>
        <pctVal>0.149039018695</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>Hainan Jinpan Smart Technology Co. Ltd.</name>
        <lei>655600OASEHE1ED6FZ63</lei>
        <title>Hainan Jinpan Smart Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000053V5"/>
          <other otherDesc="Inhouse Asset ID" value="SBNHPP812"/>
        </identifiers>
        <balance>2114.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>9992.00000000</valUSD>
        <pctVal>0.044459135714</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 Yanjing Brewery Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Beijing Yanjing Brewery Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000S84"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CKK10"/>
        </identifiers>
        <balance>102300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>193565.90000000</valUSD>
        <pctVal>0.861266274807</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>Wanda Film Holding Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Wanda Film Holding Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001WW1"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CPH39"/>
        </identifiers>
        <balance>7450.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>15388.17000000</valUSD>
        <pctVal>0.068469249242</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>Lens Technology Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Lens Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001YW7"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CP177"/>
        </identifiers>
        <balance>121300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>204602.97000000</valUSD>
        <pctVal>0.910375421427</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>2639.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>22469.26000000</valUSD>
        <pctVal>0.099976369070</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>Frontier Biotechnologies, Inc.</name>
        <lei>N/A</lei>
        <title>Frontier Biotechnologies, Inc., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100005XF5"/>
          <other otherDesc="Inhouse Asset ID" value="SBNHPM579"/>
        </identifiers>
        <balance>4506.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>8374.77000000</valUSD>
        <pctVal>0.037263314252</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"/>
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        <balance>40100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>206495.07000000</valUSD>
        <pctVal>0.918794269574</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="6.92710000"/>
        <valUSD>22514.39000000</valUSD>
        <pctVal>0.100177173793</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>134959.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>656944.51000000</valUSD>
        <pctVal>2.923056958290</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>Kuang-Chi Technologies Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Kuang-Chi Technologies Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000018P0"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CBF32"/>
        </identifiers>
        <balance>21920.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>55670.34000000</valUSD>
        <pctVal>0.247703683081</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>836800QIPV9JLIN07055</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"/>
        </identifiers>
        <balance>22800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>32444.67000000</valUSD>
        <pctVal>0.144361688025</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>3800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>11238.31000000</valUSD>
        <pctVal>0.050004558596</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 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"/>
        </identifiers>
        <balance>53900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>98275.33000000</valUSD>
        <pctVal>0.437273442143</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>Focus Media Information Technology Co. Ltd.</name>
        <lei>300300V7WGZW0LZKTD06</lei>
        <title>Focus Media Information Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001KK2"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CND53"/>
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        <balance>69100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>64360.53000000</valUSD>
        <pctVal>0.286370450155</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>5200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>43603.47000000</valUSD>
        <pctVal>0.194012469012</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>Zhuzhou CRRC Times Electric Co. Ltd.</name>
        <lei>529900PLNH7NQLN00B53</lei>
        <title>Zhuzhou CRRC Times Electric Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100004QK2"/>
          <other otherDesc="Inhouse Asset ID" value="SBMYR7103"/>
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        <balance>16386.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>110468.93000000</valUSD>
        <pctVal>0.491528537945</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 Cfmoto Power Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Zhejiang Cfmoto Power Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002W84"/>
          <other otherDesc="Inhouse Asset ID" value="SBMQBVH49"/>
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        <balance>3600.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>70828.79000000</valUSD>
        <pctVal>0.315150799352</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>Dong-E-E-Jiao Co. Ltd.</name>
        <lei>655600E60FK5WI9EWB37</lei>
        <title>Dong-E-E-Jiao Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000006Y9"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CM612"/>
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        <balance>15100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>112317.18000000</valUSD>
        <pctVal>0.499752276694</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>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"/>
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        <balance>105266.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>531826.73000000</valUSD>
        <pctVal>2.366348755592</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>Zoomlion Heavy Industry Science &amp; Technology Co. Ltd.</name>
        <lei>529900QZ3EMAU0QKFK85</lei>
        <title>Zoomlion Heavy Industry Science &amp; Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001527"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CPZ13"/>
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        <balance>109681.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>102712.23000000</valUSD>
        <pctVal>0.457015309562</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>Yangtze Optical Fibre &amp; Cable Joint Stock Ltd. Co.</name>
        <lei>836800VT7MZILX431W47</lei>
        <title>Yangtze Optical Fibre &amp; Cable Joint Stock Ltd. Co., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000036B2"/>
          <other otherDesc="Inhouse Asset ID" value="SBF0XD154"/>
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        <balance>600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>3206.01000000</valUSD>
        <pctVal>0.014265055413</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>Qingdao Gaoce Technology Co. Ltd.</name>
        <lei>655600O5V4MEW0A86G04</lei>
        <title>Qingdao Gaoce Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000044B6"/>
          <other otherDesc="Inhouse Asset ID" value="SBQ3RXL16"/>
        </identifiers>
        <balance>14827.00000000</balance>
        <units>NS</units>
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        <valUSD>151138.16000000</valUSD>
        <pctVal>0.672485184861</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>
        </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"/>
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        <balance>415679.00000000</balance>
        <units>NS</units>
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        <valUSD>326839.03000000</valUSD>
        <pctVal>1.454261488360</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 Sanjiu Medical &amp; Pharmaceutical Co. Ltd.</name>
        <lei>N/A</lei>
        <title>China Resources Sanjiu Medical &amp; Pharmaceutical Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000011K8"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CL424"/>
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        <balance>3700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>31528.38000000</valUSD>
        <pctVal>0.140284680273</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 Sanhua Intelligent Controls Co. Ltd.</name>
        <lei>8368003UTQ4F88XERZ23</lei>
        <title>Zhejiang Sanhua Intelligent Controls Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001M22"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CDC49"/>
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        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>24309.48000000</valUSD>
        <pctVal>0.108164378550</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>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"/>
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        <balance>142400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>132599.72000000</valUSD>
        <pctVal>0.589998893838</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>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"/>
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        <balance>29000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>238063.18000000</valUSD>
        <pctVal>1.059255727415</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>CRRC Corp. Ltd.</name>
        <lei>30030099HATQH2XC0B72</lei>
        <title>CRRC Corp. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000CP9"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R3586"/>
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        <balance>176390.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>178295.22000000</valUSD>
        <pctVal>0.793319794164</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>Wens Foodstuffs Group Co. Ltd.</name>
        <lei>3003005O7DXT61IXLJ96</lei>
        <title>Wens Foodstuffs Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002508"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CPT51"/>
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        <balance>8500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>24301.83000000</valUSD>
        <pctVal>0.108130340081</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 Boway Alloy Material Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Ningbo Boway Alloy Material Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000ZK1"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3RK794"/>
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        <balance>28400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>60865.58000000</valUSD>
        <pctVal>0.270819763969</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>Zangge Mining Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Zangge Mining Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000L08"/>
          <other otherDesc="Inhouse Asset ID" value="SBQ3RQ451"/>
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        <balance>47513.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>157332.40000000</valUSD>
        <pctVal>0.700046289426</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>Yuan Longping High-tech Agriculture Co. Ltd.</name>
        <lei>3003002GTO6M29V23F59</lei>
        <title>Yuan Longping High-tech Agriculture Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001360"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CK343"/>
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        <balance>32200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>70905.17000000</valUSD>
        <pctVal>0.315490650111</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>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"/>
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        <balance>22200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>822765.56000000</valUSD>
        <pctVal>3.660873267972</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>
        <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"/>
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        <balance>7000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>50067.26000000</valUSD>
        <pctVal>0.222772929064</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>
        <name>IKD Co. Ltd.</name>
        <lei>83680020BVR3XPHIBW36</lei>
        <title>IKD Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002TL8"/>
          <other otherDesc="Inhouse Asset ID" value="SBF2DZ518"/>
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        <balance>3200.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>8860.73000000</valUSD>
        <pctVal>0.039425580224</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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          <isLoanByFund>N</isLoanByFund>
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      <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"/>
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        <balance>610200.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>697275.22000000</valUSD>
        <pctVal>3.102507369556</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>Siasun Robot &amp; Automation Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Siasun Robot &amp; Automation Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000GH7"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CNQ83"/>
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        <balance>38400.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      <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>5784.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sinoma Science &amp; Technology Co. Ltd.</name>
        <lei>300300XZFDR8F1T64T13</lei>
        <title>Sinoma Science &amp; Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001P78"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5LVM71"/>
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        <balance>11595.00000000</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>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>34029.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>1138879.21000000</valUSD>
        <pctVal>5.067412465998</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>Huayu Automotive Systems Co. Ltd.</name>
        <lei>3003001J2BNVV78BOT83</lei>
        <title>Huayu Automotive Systems Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000M15"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R4T96"/>
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        <balance>150200.00000000</balance>
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        <valUSD>355862.08000000</valUSD>
        <pctVal>1.583398770066</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>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>147771.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>1108201.40000000</valUSD>
        <pctVal>4.930912374102</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>Fujian Apex Software Co. Ltd.</name>
        <lei>655600Z0N7U1P3WRI630</lei>
        <title>Fujian Apex Software Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002X75"/>
          <other otherDesc="Inhouse Asset ID" value="SBNHSV931"/>
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        <balance>2300.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>17730.27000000</valUSD>
        <pctVal>0.078890360307</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"/>
        </identifiers>
        <balance>20000.00000000</balance>
        <units>NS</units>
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        <valUSD>718684.01000000</valUSD>
        <pctVal>3.197765205835</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>BeiGene Ltd.</name>
        <lei>549300JFUK6FRD5MH739</lei>
        <title>BeiGene Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100005XT6"/>
          <other otherDesc="Inhouse Asset ID" value="SBNHPM918"/>
        </identifiers>
        <balance>951.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>22016.32000000</valUSD>
        <pctVal>0.097961024702</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>Muyuan Foods Co. Ltd.</name>
        <lei>3003006NCTDQW4KZR676</lei>
        <title>Muyuan Foods Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001RQ3"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CJX76"/>
        </identifiers>
        <balance>5665.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>39180.93000000</valUSD>
        <pctVal>0.174334496027</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 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"/>
        </identifiers>
        <balance>621600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>590531.99000000</valUSD>
        <pctVal>2.627556233726</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 Anke Biotechnology Group Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Anhui Anke Biotechnology Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000GY2"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5C8290"/>
        </identifiers>
        <balance>6726.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>10736.09000000</valUSD>
        <pctVal>0.047769944191</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>Deppon Logistics Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Deppon Logistics Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002SZ0"/>
          <other otherDesc="Inhouse Asset ID" value="SBF2DZ732"/>
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        <balance>6900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>16738.91000000</valUSD>
        <pctVal>0.074479330605</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>Jinko Solar Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Jinko Solar Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100005R96"/>
          <other otherDesc="Inhouse Asset ID" value="SBNHPM686"/>
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        <balance>62256.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>112802.67000000</valUSD>
        <pctVal>0.501912451414</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 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"/>
        </identifiers>
        <balance>97311.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>98589.58000000</valUSD>
        <pctVal>0.438671689080</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>First Tractor Co. Ltd.</name>
        <lei>529900R2SRU8JPHKRZ93</lei>
        <title>First Tractor Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001JN7"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3RHD45"/>
        </identifiers>
        <balance>22700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>38031.08000000</valUSD>
        <pctVal>0.169218269325</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>Zhongji Innolight Co. Ltd.</name>
        <lei>655600K7YZDKAI214O83</lei>
        <title>Zhongji Innolight Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001CY9"/>
          <other otherDesc="Inhouse Asset ID" value="SBFFJRM79"/>
        </identifiers>
        <balance>12900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>167880.59000000</valUSD>
        <pctVal>0.746980177612</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 SC New Energy Technology Corp.</name>
        <lei>30030050928CNGYD2N39</lei>
        <title>Shenzhen SC New Energy Technology Corp., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003G91"/>
          <other otherDesc="Inhouse Asset ID" value="SBKDQ8D31"/>
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        <balance>700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>10416.04000000</valUSD>
        <pctVal>0.046345890309</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>Datang International Power Generation Co. Ltd.</name>
        <lei>213800VW156IS7SJUL96</lei>
        <title>Datang International Power Generation Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001Q02"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R3W52"/>
        </identifiers>
        <balance>35900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>16117.71000000</valUSD>
        <pctVal>0.071715317884</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>Yutong Bus Co. Ltd.</name>
        <lei>300300OMPRVW0Q75F037</lei>
        <title>Yutong Bus Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000PY4"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R5T69"/>
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        <balance>10800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>21102.82000000</valUSD>
        <pctVal>0.093896430979</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>BlackRock Liquidity Funds</name>
        <lei>5493002L9DNZ83RX7V61</lei>
        <title>T-Fund, Institutional Class</title>
        <cusip>09248U718</cusip>
        <identifiers>
          <isin value="US09248U7182"/>
          <other otherDesc="Inhouse Asset ID" value="09248U718"/>
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        <balance>232585.30000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>232585.30000000</valUSD>
        <pctVal>1.034882047436</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Tunnel Engineering Co. Ltd.</name>
        <lei>300300MM4YQNHL44T156</lei>
        <title>Shanghai Tunnel Engineering Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000B83"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R7J09"/>
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        <balance>12400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>11719.67000000</valUSD>
        <pctVal>0.052146356991</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 Taiji Industry Group Co. Ltd.</name>
        <lei>300300GBOR3PED0K5449</lei>
        <title>Chongqing Taiji Industry Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000TQ2"/>
          <other otherDesc="Inhouse Asset ID" value="SBMF7PZ90"/>
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        <balance>2500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>17824.92000000</valUSD>
        <pctVal>0.079311502941</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Zhengzhou Coal Mining Machinery Group Co. Ltd.</name>
        <lei>300300PYAQHLZLU5N973</lei>
        <title>Zhengzhou Coal Mining Machinery Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000S58"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3RCS40"/>
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        <balance>149000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>306224.23000000</valUSD>
        <pctVal>1.362536489267</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>Neway CNC Equipment Suzhou Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Neway CNC Equipment Suzhou Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100005063"/>
          <other otherDesc="Inhouse Asset ID" value="SBNHPPD65"/>
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        <balance>8751.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>30393.48000000</valUSD>
        <pctVal>0.135234973195</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>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>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>42716.96000000</valUSD>
        <pctVal>0.190067966570</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 Wansheng Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Zhejiang Wansheng Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001W28"/>
          <other otherDesc="Inhouse Asset ID" value="SBNR4N628"/>
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        <balance>46000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>74473.25000000</valUSD>
        <pctVal>0.331366726268</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>Sonoscape Medical Corp.</name>
        <lei>N/A</lei>
        <title>Sonoscape Medical Corp., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002P91"/>
          <other otherDesc="Inhouse Asset ID" value="SBHQPSP89"/>
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        <balance>2900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>22909.02000000</valUSD>
        <pctVal>0.101933069383</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>800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>19421.42000000</valUSD>
        <pctVal>0.086415086825</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>143100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>511617.87000000</valUSD>
        <pctVal>2.276429975629</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>Sichuan Teway Food Group Co. Ltd.</name>
        <lei>836800NWXDOOF6ND5O63</lei>
        <title>Sichuan Teway Food Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003LK5"/>
          <other otherDesc="Inhouse Asset ID" value="SBK4XS330"/>
        </identifiers>
        <balance>102033.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>253131.20000000</valUSD>
        <pctVal>1.126300477829</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>Huaibei Mining Holdings Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Huaibei Mining Holdings Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001HH4"/>
          <other otherDesc="Inhouse Asset ID" value="SBS7K3763"/>
        </identifiers>
        <balance>210700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>414214.51000000</valUSD>
        <pctVal>1.843036340589</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>10900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>46738.29000000</valUSD>
        <pctVal>0.207960766432</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>Trina Solar Co. Ltd.</name>
        <lei>30030040IFQ4UMZDUU48</lei>
        <title>Trina Solar Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003ZR0"/>
          <other otherDesc="Inhouse Asset ID" value="SBP91P038"/>
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        <balance>12682.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>90274.91000000</valUSD>
        <pctVal>0.401675788164</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>Foshan Haitian Flavouring &amp; Food Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Foshan Haitian Flavouring &amp; Food Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001SL2"/>
          <other otherDesc="Inhouse Asset ID" value="SBTFRHX00"/>
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        <balance>2156.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>22023.30000000</valUSD>
        <pctVal>0.097992082024</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>Yongan Futures Co. Ltd.</name>
        <lei>300300E3012933000093</lei>
        <title>Yongan Futures Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100005D50"/>
          <other otherDesc="Inhouse Asset ID" value="SBQ3RWT28"/>
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        <balance>10500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>25806.07000000</valUSD>
        <pctVal>0.114823415572</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="6.92710000"/>
        <valUSD>97570.02000000</valUSD>
        <pctVal>0.434135184235</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>Guizhou Aviation Technical Development Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Guizhou Aviation Technical Development Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100004PJ6"/>
          <other otherDesc="Inhouse Asset ID" value="SBNHPMB31"/>
        </identifiers>
        <balance>6018.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>67934.59000000</valUSD>
        <pctVal>0.302273134161</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="SGXDB1143591"/>
          <other otherDesc="Inhouse Asset ID" value="XUK320230"/>
          <other otherDesc="Future Ticker" value="XUK3 Index"/>
        </identifiers>
        <balance>17.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>4553.39000000</valUSD>
        <pctVal>0.020260186546</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>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>FTSE China A50 Index</indexName>
                <indexIdentifier>XIN9I Index</indexIdentifier>
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            <expDate>2023-05-30</expDate>
            <notionalAmt>224828.58000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>4553.39000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Livzon Pharmaceutical Group, Inc.</name>
        <lei>529900Y4GWTVVTORJ443</lei>
        <title>Livzon Pharmaceutical Group, Inc., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000002Y8"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CQ258"/>
        </identifiers>
        <balance>2500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>12927.10000000</valUSD>
        <pctVal>0.057518784357</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>Wolong Electric Group Co. Ltd.</name>
        <lei>3003000IXRHG37CWAL12</lei>
        <title>Wolong Electric Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001BJ3"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3RC628"/>
        </identifiers>
        <balance>28100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>49856.20000000</valUSD>
        <pctVal>0.221833823261</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>CITIC Securities Co. Ltd.</name>
        <lei>300300E1006744000068</lei>
        <title>CITIC Securities Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001DB6"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R2J59"/>
        </identifiers>
        <balance>53280.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>162180.41000000</valUSD>
        <pctVal>0.721617379752</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>Gaona Aero Material Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Gaona Aero Material Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000JH1"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5LWJ16"/>
        </identifiers>
        <balance>2600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>14315.19000000</valUSD>
        <pctVal>0.063695053542</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>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"/>
        </identifiers>
        <balance>15600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>37876.33000000</valUSD>
        <pctVal>0.168529713355</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 Crystal-Optech Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Zhejiang Crystal-Optech Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000CT1"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5C9N79"/>
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        <balance>38600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>64878.05000000</valUSD>
        <pctVal>0.288673141499</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>1797.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>81065.95000000</valUSD>
        <pctVal>0.360700767904</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>Ningbo Joyson Electronic Corp.</name>
        <lei>300300XPY07RUN7V4863</lei>
        <title>Ningbo Joyson Electronic Corp., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000DJ1"/>
          <other otherDesc="Inhouse Asset ID" value="SBYQDM828"/>
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        <balance>51943.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>115820.60000000</valUSD>
        <pctVal>0.515340649917</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>Qianhe Condiment &amp; Food Co. Ltd.</name>
        <lei>30030020HJFK77XFID10</lei>
        <title>Qianhe Condiment &amp; Food Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000026G2"/>
          <other otherDesc="Inhouse Asset ID" value="SBK948319"/>
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        <balance>61500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>211470.65000000</valUSD>
        <pctVal>0.940932979189</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>314400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>248298.04000000</valUSD>
        <pctVal>1.104795462179</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>Risen Energy Co. Ltd.</name>
        <lei>3003005CFEH1CK6CA695</lei>
        <title>Risen Energy Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000T73"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5LW248"/>
        </identifiers>
        <balance>6800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>24447.94000000</valUSD>
        <pctVal>0.108780452603</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>22500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>45823.89000000</valUSD>
        <pctVal>0.203892168183</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 Jinhe Industrial Co. Ltd.</name>
        <lei>300300G82LSX44M9RH41</lei>
        <title>Anhui Jinhe Industrial Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000015C4"/>
          <other otherDesc="Inhouse Asset ID" value="SBD6QVY30"/>
        </identifiers>
        <balance>20500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>76467.44000000</valUSD>
        <pctVal>0.340239821129</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>Fujian Funeng Co. Ltd.</name>
        <lei>300300TDQOLNFB5F7X23</lei>
        <title>Fujian Funeng Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001HV5"/>
          <other otherDesc="Inhouse Asset ID" value="SBYQDM711"/>
        </identifiers>
        <balance>46800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>79552.08000000</valUSD>
        <pctVal>0.353964843987</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>Well Lead Medical Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Well Lead Medical Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000021C2"/>
          <other otherDesc="Inhouse Asset ID" value="SBNHSV592"/>
        </identifiers>
        <balance>6000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>16640.64000000</valUSD>
        <pctVal>0.074042080878</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>300300F2001111000095</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>7600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>42735.97000000</valUSD>
        <pctVal>0.190152551054</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>LB Group Co. Ltd.</name>
        <lei>3003006O3YJY5SGWGQ13</lei>
        <title>LB Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000015M3"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5LS718"/>
        </identifiers>
        <balance>3700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>9264.46000000</valUSD>
        <pctVal>0.041221966019</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>Kehua Data Co. Ltd.</name>
        <lei>300300EJSDJOVUU30D37</lei>
        <title>Kehua Data Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000K31"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5LTD43"/>
        </identifiers>
        <balance>10100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>61320.00000000</valUSD>
        <pctVal>0.272841693558</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>Chengdu Xingrong Environment Co. Ltd.</name>
        <lei>300300XM3A0CVZ914Y75</lei>
        <title>Chengdu Xingrong Environment Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000HN4"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CJV52"/>
        </identifiers>
        <balance>70500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>53195.85000000</valUSD>
        <pctVal>0.236693506266</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>Daan Gene Co. Ltd.</name>
        <lei>30030092WPRQ87CXPM21</lei>
        <title>Daan Gene Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001KP1"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CKW33"/>
        </identifiers>
        <balance>16200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>36473.77000000</valUSD>
        <pctVal>0.162289060294</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 Secote Precision Electronic Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Suzhou Secote Precision Electronic Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002T55"/>
          <other otherDesc="Inhouse Asset ID" value="SBHL0Y834"/>
        </identifiers>
        <balance>2800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>18818.73000000</valUSD>
        <pctVal>0.083733433852</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"/>
        </identifiers>
        <balance>1040.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>41318.37000000</valUSD>
        <pctVal>0.183844977917</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>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"/>
        </identifiers>
        <balance>16300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>17970.90000000</valUSD>
        <pctVal>0.079961037031</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>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"/>
        </identifiers>
        <balance>32400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>78870.95000000</valUSD>
        <pctVal>0.350934174340</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"/>
        </identifiers>
        <balance>322300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>337774.54000000</valUSD>
        <pctVal>1.502918746486</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"/>
        </identifiers>
        <balance>16001.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>37720.34000000</valUSD>
        <pctVal>0.167835640039</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>Sinocare, Inc.</name>
        <lei>3003008DEKI00A51LU77</lei>
        <title>Sinocare, Inc., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001CJ0"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5LWM46"/>
        </identifiers>
        <balance>36700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>152482.17000000</valUSD>
        <pctVal>0.678465321270</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 Juhua Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Zhejiang Juhua Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000WQ6"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R9831"/>
        </identifiers>
        <balance>5600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>12271.64000000</valUSD>
        <pctVal>0.054602332686</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>15255.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>57703.67000000</valUSD>
        <pctVal>0.256750930321</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>Lianhe Chemical Technology Co. Ltd.</name>
        <lei>300300OSEGLFNG6BMT61</lei>
        <title>Lianhe Chemical Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000C15"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CDS00"/>
        </identifiers>
        <balance>69100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.92710000"/>
        <valUSD>119970.15000000</valUSD>
        <pctVal>0.533803961227</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>2023-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>BlackRock Funds</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort</ncom:signature>
      <ncom:signerName>Chuck Pulsfort</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
