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        <identifiers>
          <isin value="CNE1000022F3"/>
          <other otherDesc="Inhouse Asset ID" value="SBYQDMZ93"/>
        </identifiers>
        <balance>7500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>15260.33000000</valUSD>
        <pctVal>0.121411500922</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Luxi Chemical Group Co. Ltd.</name>
        <lei>300300UFIWMHUM74D963</lei>
        <title>Luxi Chemical Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000WN3"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5C7W24"/>
        </identifiers>
        <balance>132000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>169705.62000000</valUSD>
        <pctVal>1.350181420661</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Pharmaceuticals Holding Co. Ltd.</name>
        <lei>30030029J1KKCBY19820</lei>
        <title>Shanghai Pharmaceuticals Holding Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000C82"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R4Z57"/>
        </identifiers>
        <balance>72500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>171150.42000000</valUSD>
        <pctVal>1.361676279327</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Shanying International Holding Co. Ltd.</name>
        <lei>300300189RUIO9PF4B47</lei>
        <title>Shanying International Holding Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000019B0"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3RCL70"/>
        </identifiers>
        <balance>52400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>12449.08000000</valUSD>
        <pctVal>0.099045137811</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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 Sunway Communication Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Shenzhen Sunway Communication Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000W94"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CCF06"/>
        </identifiers>
        <balance>28200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>65544.47000000</valUSD>
        <pctVal>0.521473158173</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Gree Electric Appliances, Inc. of Zhuhai</name>
        <lei>655600UY069MU9JRAN62</lei>
        <title>Gree Electric Appliances, Inc. of Zhuhai, Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000001D4"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CPN99"/>
        </identifiers>
        <balance>83415.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>409678.62000000</valUSD>
        <pctVal>3.259411569083</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tongwei Co. Ltd.</name>
        <lei>3003009CW4QYMCG0BH89</lei>
        <title>Tongwei Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001GS3"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3RCK63"/>
        </identifiers>
        <balance>36473.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>118219.43000000</valUSD>
        <pctVal>0.940556228763</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>300300F1009131000012</lei>
        <title>SAIC Motor Corp. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000TY6"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R2D97"/>
        </identifiers>
        <balance>73100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>139149.95000000</valUSD>
        <pctVal>1.107079878533</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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"/>
        </identifiers>
        <balance>765600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>383394.07000000</valUSD>
        <pctVal>3.050291145961</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>300300DOZ5CC5QN8IN24</lei>
        <title>Hubei Jumpcan Pharmaceutical Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000018X6"/>
          <other otherDesc="Inhouse Asset ID" value="SBS7K3N24"/>
        </identifiers>
        <balance>1575.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>6600.12000000</valUSD>
        <pctVal>0.052510691149</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Xinjiang Zhongtai Chemical Co. Ltd.</name>
        <lei>3003007INCLFKEH1K579</lei>
        <title>Xinjiang Zhongtai Chemical Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001PP0"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CB970"/>
        </identifiers>
        <balance>17300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>11941.45000000</valUSD>
        <pctVal>0.095006423038</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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 Foxit Software Development JSC Ltd.</name>
        <lei>N/A</lei>
        <title>Fujian Foxit Software Development JSC Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100004348"/>
          <other otherDesc="Inhouse Asset ID" value="SBQWRBS54"/>
        </identifiers>
        <balance>3307.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>21782.91000000</valUSD>
        <pctVal>0.173305282229</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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"/>
        </identifiers>
        <balance>15300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>15052.44000000</valUSD>
        <pctVal>0.119757523785</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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"/>
        </identifiers>
        <balance>63600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>239869.46000000</valUSD>
        <pctVal>1.908406382041</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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"/>
        </identifiers>
        <balance>22600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>398377.47000000</valUSD>
        <pctVal>3.169499386080</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Tonghua Dongbao Pharmaceutical Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Tonghua Dongbao Pharmaceutical Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000H87"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R8080"/>
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        <balance>110037.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>142028.06000000</valUSD>
        <pctVal>1.129978181186</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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 Life Insurance Co. Ltd.</name>
        <lei>549300J6TFLDXGH6S048</lei>
        <title>China Life Insurance Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001Q93"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R2513"/>
        </identifiers>
        <balance>8900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>35669.27000000</valUSD>
        <pctVal>0.283785449430</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Wuxi Lead Intelligent Equipment Co. Ltd.</name>
        <lei>836800J7WO9E2EF72B65</lei>
        <title>Wuxi Lead Intelligent Equipment Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001ZF9"/>
          <other otherDesc="Inhouse Asset ID" value="SBD6QWJ50"/>
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        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>13255.95000000</valUSD>
        <pctVal>0.105464612210</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Agricultural Bank of China Ltd.</name>
        <lei>549300E7TSGLCOVSY746</lei>
        <title>Agricultural Bank of China Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000RJ0"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R2281"/>
        </identifiers>
        <balance>98800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>53465.44000000</valUSD>
        <pctVal>0.425372145810</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hunan Valin Steel Co. Ltd.</name>
        <lei>3003007J7HWD6GTNJ656</lei>
        <title>Hunan Valin Steel Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001006"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5M0H82"/>
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        <balance>72000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>54674.10000000</valUSD>
        <pctVal>0.434988269754</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>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"/>
        </identifiers>
        <balance>4927.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>37391.31000000</valUSD>
        <pctVal>0.297486035266</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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 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>2790.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>12696.90000000</valUSD>
        <pctVal>0.101016798854</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Joincare Pharmaceutical Group Industry Co. Ltd.</name>
        <lei>3003006PUWUKPH72TS46</lei>
        <title>Joincare Pharmaceutical Group Industry Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001816"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3RBV06"/>
        </identifiers>
        <balance>123797.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>185110.18000000</valUSD>
        <pctVal>1.472740418445</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kweichow Moutai Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Kweichow Moutai Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000018R8"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R2F12"/>
        </identifiers>
        <balance>2824.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>631216.82000000</valUSD>
        <pctVal>5.021974067643</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Industrial Securities Co. Ltd.</name>
        <lei>300300E1011435000093</lei>
        <title>Industrial Securities Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000V95"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R5B84"/>
        </identifiers>
        <balance>145200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>110142.42000000</valUSD>
        <pctVal>0.876295370246</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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 Changsha Co. Ltd.</name>
        <lei>300300C1086243000041</lei>
        <title>Bank of Changsha Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003F50"/>
          <other otherDesc="Inhouse Asset ID" value="SBK948756"/>
        </identifiers>
        <balance>20800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>20736.19000000</valUSD>
        <pctVal>0.164977556272</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>34868.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>112227.20000000</valUSD>
        <pctVal>0.892881923020</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>JCET Group Co. Ltd.</name>
        <lei>30030032VVBWZTNDSQ81</lei>
        <title>JCET Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001F05"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3RCQ26"/>
        </identifiers>
        <balance>2900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>9045.48000000</valUSD>
        <pctVal>0.071966025856</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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"/>
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        <balance>48210.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>85764.78000000</valUSD>
        <pctVal>0.682346362502</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>N/A</name>
        <lei>N/A</lei>
        <title>FTSE China A50 Index</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SGXDB1389020"/>
          <other otherDesc="Inhouse Asset ID" value="XUG420241"/>
          <other otherDesc="Future Ticker" value="XUG4 Index"/>
        </identifiers>
        <balance>10.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-2158.80000000</valUSD>
        <pctVal>-0.01717545742</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>2024-02-28</expDate>
            <notionalAmt>110770.40000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-2158.80000000</unrealizedAppr>
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        </derivativeInfo>
        <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>21300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>51860.18000000</valUSD>
        <pctVal>0.412600664068</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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 TGOOD Electric Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Qingdao TGOOD Electric Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000H69"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CGV41"/>
        </identifiers>
        <balance>21000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>49195.01000000</valUSD>
        <pctVal>0.391396516457</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Sinotruk Jinan Truck Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Sinotruk Jinan Truck Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000010Y1"/>
          <other otherDesc="Inhouse Asset ID" value="SBFCCPZ81"/>
        </identifiers>
        <balance>29300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>56984.17000000</valUSD>
        <pctVal>0.453367234425</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Aier Eye Hospital Group Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Aier Eye Hospital Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000GR6"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CLQ46"/>
        </identifiers>
        <balance>20101.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>35875.69000000</valUSD>
        <pctVal>0.285427731217</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>SICC Co. Ltd.</name>
        <lei>N/A</lei>
        <title>SICC Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100005RH3"/>
          <other otherDesc="Inhouse Asset ID" value="SBNHPPW56"/>
        </identifiers>
        <balance>1215.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>8249.08000000</valUSD>
        <pctVal>0.065629850994</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Shanghai Electric Group Co. Ltd.</name>
        <lei>529900WHVV4GODE91T37</lei>
        <title>Shanghai Electric Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000D55"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R3T23"/>
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        <balance>23400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>12952.85000000</valUSD>
        <pctVal>0.103053142345</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>Chaozhou Three-Circle Group Co. Ltd.</name>
        <lei>655600NIG229WUTGM382</lei>
        <title>Chaozhou Three-Circle Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001Y42"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CLT76"/>
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        <balance>5400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>17145.54000000</valUSD>
        <pctVal>0.136410270651</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>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"/>
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        <balance>5300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>11634.51000000</valUSD>
        <pctVal>0.092564402054</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>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"/>
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        <balance>65800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>108534.25000000</valUSD>
        <pctVal>0.863500736484</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Amlogic Shanghai Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Amlogic Shanghai Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003LZ3"/>
          <other otherDesc="Inhouse Asset ID" value="SBK71BW41"/>
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        <balance>4347.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>26844.13000000</valUSD>
        <pctVal>0.213572453168</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>Zhongtai Securities Co. Ltd.</name>
        <lei>300300E1012137000054</lei>
        <title>Zhongtai Securities Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100004900"/>
          <other otherDesc="Inhouse Asset ID" value="SBMXTWL22"/>
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        <balance>157300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>142998.51000000</valUSD>
        <pctVal>1.137699101446</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>Sobute New Materials Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Sobute New Materials Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002TT1"/>
          <other otherDesc="Inhouse Asset ID" value="SBMGPLP49"/>
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        <balance>8200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>9768.75000000</valUSD>
        <pctVal>0.077720376927</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>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>6200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>9049.31000000</valUSD>
        <pctVal>0.071996497416</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Jiangshan Oupai Door Industry Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Jiangshan Oupai Door Industry Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002YX3"/>
          <other otherDesc="Inhouse Asset ID" value="SBMGPLL01"/>
        </identifiers>
        <balance>4120.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>14701.16000000</valUSD>
        <pctVal>0.116962732843</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Changzhou Xingyu Automotive Lighting Systems Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Changzhou Xingyu Automotive Lighting Systems Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000011H2"/>
          <other otherDesc="Inhouse Asset ID" value="SBS7K3D25"/>
        </identifiers>
        <balance>600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>10573.75000000</valUSD>
        <pctVal>0.084124973567</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>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>204300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>232158.73000000</valUSD>
        <pctVal>1.847059654774</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CMOC Group Ltd.</name>
        <lei>2549008KG3638J59U652</lei>
        <title>CMOC Group Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001NR0"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R5748"/>
        </identifiers>
        <balance>11900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>8895.56000000</valUSD>
        <pctVal>0.070773259237</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>193600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>281233.18000000</valUSD>
        <pctVal>2.237496993380</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZTE Corp.</name>
        <lei>3003004FBGVVG1CW5U45</lei>
        <title>ZTE Corp., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000TK5"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CPY06"/>
        </identifiers>
        <balance>76226.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>232823.25000000</valUSD>
        <pctVal>1.852346589630</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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="7.18950000"/>
        <valUSD>15163.73000000</valUSD>
        <pctVal>0.120642949325</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>98659.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>422176.46000000</valUSD>
        <pctVal>3.358844642462</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>360 Security Technology, Inc.</name>
        <lei>N/A</lei>
        <title>360 Security Technology, Inc., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002RZ2"/>
          <other otherDesc="Inhouse Asset ID" value="SBDF57C14"/>
        </identifiers>
        <balance>57700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>54651.11000000</valUSD>
        <pctVal>0.434805360839</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Arcsoft Corp. Ltd.</name>
        <lei>N/A</lei>
        <title>Arcsoft Corp. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003MH9"/>
          <other otherDesc="Inhouse Asset ID" value="SBK71F229"/>
        </identifiers>
        <balance>5157.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>19174.95000000</valUSD>
        <pctVal>0.152556298560</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Perfect World Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Perfect World Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000018W6"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5M1C02"/>
        </identifiers>
        <balance>115571.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>153689.69000000</valUSD>
        <pctVal>1.222758350520</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>136800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>192237.30000000</valUSD>
        <pctVal>1.529443932488</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>37 Interactive Entertainment Network Technology Group Co. Ltd.</name>
        <lei>300300BE4IFCPHCUMI94</lei>
        <title>37 Interactive Entertainment Network Technology Group Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000010N2"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CMH28"/>
        </identifiers>
        <balance>65600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>151606.07000000</valUSD>
        <pctVal>1.206181026730</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Zhuhai CosMX Battery Co. Ltd.</name>
        <lei>836800DPQ7MYBDLKDU17</lei>
        <title>Zhuhai CosMX Battery Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100005030"/>
          <other otherDesc="Inhouse Asset ID" value="SBNHPPN64"/>
        </identifiers>
        <balance>5909.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>11033.65000000</valUSD>
        <pctVal>0.087783947473</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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"/>
        </identifiers>
        <balance>5480.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>9315.30000000</valUSD>
        <pctVal>0.074112719354</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Xiamen Faratronic Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Xiamen Faratronic Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001D72"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3RDD69"/>
        </identifiers>
        <balance>600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>7182.49000000</valUSD>
        <pctVal>0.057144038907</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Espressif Systems Shanghai Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Espressif Systems Shanghai Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003MR8"/>
          <other otherDesc="Inhouse Asset ID" value="SBK71FB11"/>
        </identifiers>
        <balance>1017.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>11406.89000000</valUSD>
        <pctVal>0.090753452628</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Goldwind Science &amp; Technology Co. Ltd.</name>
        <lei>3003008X6GR2ZPYM2V54</lei>
        <title>Goldwind Science &amp; Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000008S5"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CQ589"/>
        </identifiers>
        <balance>101204.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>98240.22000000</valUSD>
        <pctVal>0.781601221018</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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 Securities Co. Ltd.</name>
        <lei>30030060IEIMX476KH87</lei>
        <title>China Merchants Securities Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000HK9"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R3032"/>
        </identifiers>
        <balance>27400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>51009.48000000</valUSD>
        <pctVal>0.405832477284</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>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"/>
        </identifiers>
        <balance>45900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>335478.50000000</valUSD>
        <pctVal>2.669073880591</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Tianma Microelectronics Co. Ltd.</name>
        <lei>300300KWFVVYL0LL8S83</lei>
        <title>Tianma Microelectronics Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000HT1"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CKM34"/>
        </identifiers>
        <balance>122136.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>141170.48000000</valUSD>
        <pctVal>1.123155256979</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zoomlion Heavy Industry Science &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"/>
        </identifiers>
        <balance>50181.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>50254.16000000</valUSD>
        <pctVal>0.399823135751</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Nanhua Futures Co. Ltd.</name>
        <lei>300300E3014033000075</lei>
        <title>Nanhua Futures Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003PC3"/>
          <other otherDesc="Inhouse Asset ID" value="SBK71G078"/>
        </identifiers>
        <balance>9000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>13506.15000000</valUSD>
        <pctVal>0.107455208582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>1740.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>6502.84000000</valUSD>
        <pctVal>0.051736729458</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China United Network Communications Ltd.</name>
        <lei>300300UTFDNZL9GJRR78</lei>
        <title>China United Network Communications Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001CS2"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R2X95"/>
        </identifiers>
        <balance>249579.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>156865.57000000</valUSD>
        <pctVal>1.248025717448</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hangzhou Electronic Soul Network Technology Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Hangzhou Electronic Soul Network Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002GB6"/>
          <other otherDesc="Inhouse Asset ID" value="SBYW5N343"/>
        </identifiers>
        <balance>3600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>9138.00000000</valUSD>
        <pctVal>0.072702116889</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Baoshan Iron &amp; Steel Co. Ltd.</name>
        <lei>300300PYAP4PEHORZT21</lei>
        <title>Baoshan Iron &amp; Steel Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000015R4"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R2Y03"/>
        </identifiers>
        <balance>105200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>90103.28000000</valUSD>
        <pctVal>0.716863558182</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Midea Group Co. Ltd.</name>
        <lei>3003003TRPHLHZD2IF61</lei>
        <title>Midea Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001QQ5"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CPP14"/>
        </identifiers>
        <balance>10387.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>84179.98000000</valUSD>
        <pctVal>0.669737660943</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Great Wall Motor Co. Ltd.</name>
        <lei>254900CR8AHWTMFZHH60</lei>
        <title>Great Wall Motor Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000018V8"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R3255"/>
        </identifiers>
        <balance>7700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>21911.16000000</valUSD>
        <pctVal>0.174325641880</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Hisense Visual Technology Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Hisense Visual Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000PF3"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R7F60"/>
        </identifiers>
        <balance>12800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>39456.11000000</valUSD>
        <pctVal>0.313913626747</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>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"/>
        </identifiers>
        <balance>157090.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>124258.14000000</valUSD>
        <pctVal>0.988600330348</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Olympic Circuit Technology Co. Ltd.</name>
        <lei>655600OLEIG86H9GIP85</lei>
        <title>Olympic Circuit Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002XQ9"/>
          <other otherDesc="Inhouse Asset ID" value="SBMTCX897"/>
        </identifiers>
        <balance>5040.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>9572.77000000</valUSD>
        <pctVal>0.076161155996</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>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"/>
        </identifiers>
        <balance>7940.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>20751.46000000</valUSD>
        <pctVal>0.165099044708</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>Beijing Deep Glint Technology Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Beijing Deep Glint Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000059S8"/>
          <other otherDesc="Inhouse Asset ID" value="SBKS9D659"/>
        </identifiers>
        <balance>5325.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>9857.47000000</valUSD>
        <pctVal>0.078426235081</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hangzhou Tigermed Consulting Co. Ltd.</name>
        <lei>300300CP4N8WDF6DOO67</lei>
        <title>Hangzhou Tigermed Consulting Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001KV8"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CCK59"/>
        </identifiers>
        <balance>2429.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>13715.69000000</valUSD>
        <pctVal>0.109122313153</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BYD Co. Ltd.</name>
        <lei>5299005557VL7ULJ7A69</lei>
        <title>BYD Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001526"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CQ696"/>
        </identifiers>
        <balance>15600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>371484.78000000</valUSD>
        <pctVal>2.955540588548</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Goneo Group Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Goneo Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003RL0"/>
          <other otherDesc="Inhouse Asset ID" value="SBL58M873"/>
        </identifiers>
        <balance>10760.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>139172.02000000</valUSD>
        <pctVal>1.107255467909</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PetroChina Co. Ltd.</name>
        <lei>529900RPY4YG47TRSV05</lei>
        <title>PetroChina Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000007Q1"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R2067"/>
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        <balance>202900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>236051.46000000</valUSD>
        <pctVal>1.878030295120</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Foxconn Industrial Internet Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Foxconn Industrial Internet Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000031P3"/>
          <other otherDesc="Inhouse Asset ID" value="SBG20N997"/>
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        <balance>79000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>146012.60000000</valUSD>
        <pctVal>1.161679263789</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Yonyou Network Technology Co. Ltd.</name>
        <lei>30030017NBX3U80ANB35</lei>
        <title>Yonyou Network Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000017Y6"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R6C65"/>
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        <balance>8169.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>12703.34000000</valUSD>
        <pctVal>0.101068035627</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of Hangzhou Co. Ltd.</name>
        <lei>300300C1092033000075</lei>
        <title>Bank of Hangzhou Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002GQ4"/>
          <other otherDesc="Inhouse Asset ID" value="SBYW5MZ99"/>
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        <balance>11200.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>16994.95000000</valUSD>
        <pctVal>0.135212173498</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>TCL Technology Group Corp.</name>
        <lei>300300K9RLEXIIDB1U19</lei>
        <title>TCL Technology Group Corp., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001GL8"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CP284"/>
        </identifiers>
        <balance>512523.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>288783.19000000</valUSD>
        <pctVal>2.297565029004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>HLA Group Corp. Ltd.</name>
        <lei>N/A</lei>
        <title>HLA Group Corp. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000016H3"/>
          <other otherDesc="Inhouse Asset ID" value="SBS7K3T85"/>
        </identifiers>
        <balance>57422.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>61394.30000000</valUSD>
        <pctVal>0.488454319866</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>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"/>
        </identifiers>
        <balance>10529.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>222204.54000000</valUSD>
        <pctVal>1.767863913373</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>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"/>
        </identifiers>
        <balance>103100.00000000</balance>
        <units>NS</units>
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        <valUSD>233253.41000000</valUSD>
        <pctVal>1.855768951482</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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 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"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>27119.01000000</valUSD>
        <pctVal>0.215759404130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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 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"/>
        </identifiers>
        <balance>2000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>10167.15000000</valUSD>
        <pctVal>0.080890055562</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Anker Innovations Technology Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Anker Innovations Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000047B9"/>
          <other otherDesc="Inhouse Asset ID" value="SBNR4MR68"/>
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        <balance>3000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
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        <pctVal>0.227564945402</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>BBMG Corp.</name>
        <lei>529900T6R2GKVJ9Y2J16</lei>
        <title>BBMG Corp., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000010M4"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R5N08"/>
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        <balance>65500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>16677.20000000</valUSD>
        <pctVal>0.132684147930</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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 Changshu Rural Commercial Bank Co. Ltd.</name>
        <lei>300300C1115432000063</lei>
        <title>Jiangsu Changshu Rural Commercial Bank Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002RJ6"/>
          <other otherDesc="Inhouse Asset ID" value="SBFF1Z181"/>
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        <balance>90200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>86257.92000000</valUSD>
        <pctVal>0.686269794535</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Jafron Biomedical Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Jafron Biomedical Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002995"/>
          <other otherDesc="Inhouse Asset ID" value="SBFY8H035"/>
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        <balance>3600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>8955.51000000</valUSD>
        <pctVal>0.071250222677</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Poly Developments and Holdings Group Co. Ltd.</name>
        <lei>300300W9OF1ZRGUDVU96</lei>
        <title>Poly Developments and Holdings Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001ND1"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R3362"/>
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        <balance>39400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>52507.64000000</valUSD>
        <pctVal>0.417751869212</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>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"/>
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        <balance>11765.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>57746.18000000</valUSD>
        <pctVal>0.459429801736</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Oriental Pearl Group Co. Ltd.</name>
        <lei>300300SLCK1GUH5KK558</lei>
        <title>Oriental Pearl Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000004Z1"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R3X69"/>
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        <balance>31800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>30202.51000000</valUSD>
        <pctVal>0.240291793868</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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"/>
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        <balance>69500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>49801.13000000</valUSD>
        <pctVal>0.396218819706</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Guosen Securities Co. Ltd.</name>
        <lei>254900SSGIWSMEOHDN82</lei>
        <title>Guosen Securities Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001WS9"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CPR38"/>
        </identifiers>
        <balance>31600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>35356.85000000</valUSD>
        <pctVal>0.281299829452</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shandong Sinocera Functional Material Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Shandong Sinocera Functional Material Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001FB0"/>
          <other otherDesc="Inhouse Asset ID" value="SBD760X47"/>
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        <balance>3300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>8143.51000000</valUSD>
        <pctVal>0.064789933892</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Henan Lingrui Pharmaceutical Co.</name>
        <lei>300300NNZECAUBZEA076</lei>
        <title>Henan Lingrui Pharmaceutical Co., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001501"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3RKY60"/>
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        <balance>8700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>20488.66000000</valUSD>
        <pctVal>0.163008202475</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Sinopec Shanghai Petrochemical Co. Ltd.</name>
        <lei>5299008RZ0G8ACZ8ZU65</lei>
        <title>Sinopec Shanghai Petrochemical Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000BB2"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R5961"/>
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        <balance>81900.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>30374.43000000</valUSD>
        <pctVal>0.241659592942</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>Wingtech Technology Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Wingtech Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000M72"/>
          <other otherDesc="Inhouse Asset ID" value="SBK4PZC74"/>
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        <balance>5400.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
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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>Yunnan Energy New Material Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Yunnan Energy New Material Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002BR3"/>
          <other otherDesc="Inhouse Asset ID" value="SBFCCR309"/>
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        <balance>2100.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
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        <pctVal>0.098716474597</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>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"/>
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        <balance>2800.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>39878.93000000</valUSD>
        <pctVal>0.317277591407</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>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>9074.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>71394.40000000</valUSD>
        <pctVal>0.568015322175</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>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>159775.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>336684.23000000</valUSD>
        <pctVal>2.678666693394</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>Joinn Laboratories China Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Joinn Laboratories China Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002W27"/>
          <other otherDesc="Inhouse Asset ID" value="SBK948194"/>
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        <balance>1600.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>3682.81000000</valUSD>
        <pctVal>0.029300512486</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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 Jushi Co. Ltd.</name>
        <lei>300300JZBQ0FKI1TDH04</lei>
        <title>China Jushi Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000YM1"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3RDW50"/>
        </identifiers>
        <balance>10443.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>13336.38000000</valUSD>
        <pctVal>0.106104514952</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>BlackRock Liquidity Funds</name>
        <lei>5493002L9DNZ83RX7V61</lei>
        <title>BlackRock Liquidity Funds, T-Fund, Institutional Class</title>
        <cusip>09248U718</cusip>
        <identifiers>
          <isin value="US09248U7182"/>
          <other otherDesc="Inhouse Asset ID" value="09248U718"/>
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        <balance>145931.24000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>145931.24000000</valUSD>
        <pctVal>1.161031961947</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Air China Ltd.</name>
        <lei>213800I9TWC9K22N4502</lei>
        <title>Air China Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001NN0"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R4G66"/>
        </identifiers>
        <balance>22900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>22667.54000000</valUSD>
        <pctVal>0.180343416794</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>TCL Zhonghuan Renewable Energy Technology Co. Ltd.</name>
        <lei>300300Y3UHPAM1FB1Y03</lei>
        <title>TCL Zhonghuan Renewable Energy Technology Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000000B8"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CMT41"/>
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        <balance>13440.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>22990.28000000</valUSD>
        <pctVal>0.182911142906</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>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>110400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>196131.21000000</valUSD>
        <pctVal>1.560423960938</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>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>17600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>6460.37000000</valUSD>
        <pctVal>0.051398837260</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>ZBOM Home Collection Co. Ltd.</name>
        <lei>N/A</lei>
        <title>ZBOM Home Collection Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002QR1"/>
          <other otherDesc="Inhouse Asset ID" value="SBFMXLP37"/>
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        <balance>5700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
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        <pctVal>0.094243679336</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 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>30500.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>37374.75000000</valUSD>
        <pctVal>0.297354283564</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>Anhui Kouzi Distillery Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Anhui Kouzi Distillery Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000022S6"/>
          <other otherDesc="Inhouse Asset ID" value="SBYQDNL21"/>
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        <balance>3200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>17330.29000000</valUSD>
        <pctVal>0.137880145470</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>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"/>
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        <balance>20.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>229.29000000</valUSD>
        <pctVal>0.001824235979</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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 Everbright Bank Co. Ltd.</name>
        <lei>549300U6PKQ4H1P34E17</lei>
        <title>China Everbright Bank Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000SL4"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R2P11"/>
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        <balance>47300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>20745.56000000</valUSD>
        <pctVal>0.165052104186</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>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>6651.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>31466.47000000</valUSD>
        <pctVal>0.250347885755</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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 Kinwong Electronic Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Shenzhen Kinwong Electronic Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002FZ7"/>
          <other otherDesc="Inhouse Asset ID" value="SBYW5QV37"/>
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        <balance>4400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>10634.71000000</valUSD>
        <pctVal>0.084609972587</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>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"/>
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        <balance>19100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>90079.60000000</valUSD>
        <pctVal>0.716675159612</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>Meihua Holdings Group Co. Ltd.</name>
        <lei>300300T0DPJPWDP2WE30</lei>
        <title>Meihua Holdings Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000HP9"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R6S27"/>
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        <balance>39600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>54934.62000000</valUSD>
        <pctVal>0.437060972259</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Rural Commercial Bank Co. Ltd.</name>
        <lei>300300C1122131000095</lei>
        <title>Shanghai Rural Commercial Bank Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100004QD7"/>
          <other otherDesc="Inhouse Asset ID" value="SBQ3RWZ88"/>
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        <balance>126000.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
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        <pctVal>0.881796162937</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bank of Shanghai Co. Ltd.</name>
        <lei>300300C1091231000098</lei>
        <title>Bank of Shanghai Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002FM5"/>
          <other otherDesc="Inhouse Asset ID" value="SBD8P9J90"/>
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        <balance>87419.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>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"/>
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        <balance>16005.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <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>13700.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <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>1097.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CECEP Solar Energy Co. Ltd.</name>
        <lei>30030055WYGVLDBFGM73</lei>
        <title>CECEP Solar Energy Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000000K1"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5LQM23"/>
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        <balance>129900.00000000</balance>
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        <pctVal>0.724998350637</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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>23100.00000000</balance>
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        <valUSD>18410.60000000</valUSD>
        <pctVal>0.146475114160</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>Yunnan Baiyao Group Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Yunnan Baiyao Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000008X7"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CP953"/>
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        <balance>2200.00000000</balance>
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        <valUSD>14243.29000000</valUSD>
        <pctVal>0.113319909659</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Shenwan Hongyuan Group Co. Ltd.</name>
        <lei>300300I0GB4QPIGPS572</lei>
        <title>Shenwan Hongyuan Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002FD4"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CPV74"/>
        </identifiers>
        <balance>71700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>43622.58000000</valUSD>
        <pctVal>0.347062148191</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>G-bits Network Technology Xiamen Co. Ltd.</name>
        <lei>N/A</lei>
        <title>G-bits Network Technology Xiamen Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002GK7"/>
          <other otherDesc="Inhouse Asset ID" value="SBYZQW376"/>
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        <balance>5851.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>147326.87000000</valUSD>
        <pctVal>1.172135623076</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Pudong Construction Co. Ltd.</name>
        <lei>300300IP1U75OKBZDA10</lei>
        <title>Shanghai Pudong Construction Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001GY1"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3RCW86"/>
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        <balance>19500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>18830.59000000</valUSD>
        <pctVal>0.149816563282</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Lingyi iTech Guangdong Co.</name>
        <lei>300300NKC44D46I52N38</lei>
        <title>Lingyi iTech Guangdong Co., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000015L5"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5LQY46"/>
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        <balance>103400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>68228.35000000</valUSD>
        <pctVal>0.542826162930</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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"/>
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        <balance>11200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>26091.32000000</valUSD>
        <pctVal>0.207583081247</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yunnan Botanee Bio-Technology Group Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Yunnan Botanee Bio-Technology Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100004G74"/>
          <other otherDesc="Inhouse Asset ID" value="SBP91N439"/>
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        <balance>600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>4710.06000000</valUSD>
        <pctVal>0.037473334720</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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 Guiyang Co. Ltd.</name>
        <lei>300300C1080552000050</lei>
        <title>Bank of Guiyang Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002FX2"/>
          <other otherDesc="Inhouse Asset ID" value="SBYW5QQ82"/>
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        <balance>23800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>17419.55000000</valUSD>
        <pctVal>0.138590299875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shandong Bohui Paper Industrial Co. Ltd.</name>
        <lei>30030065JMNEOSCKH069</lei>
        <title>Shandong Bohui Paper Industrial Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001J19"/>
          <other otherDesc="Inhouse Asset ID" value="SBNR4NL70"/>
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        <balance>15900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>11496.64000000</valUSD>
        <pctVal>0.091467505484</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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 Medicine Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Zhejiang Medicine Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000010J2"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R9X82"/>
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        <balance>20400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>26047.83000000</valUSD>
        <pctVal>0.207237073908</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>AVICOPTER plc</name>
        <lei>N/A</lei>
        <title>AVICOPTER plc, Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000015V6"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R6T34"/>
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        <balance>3788.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>17355.27000000</valUSD>
        <pctVal>0.138078886866</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Jiangsu Suzhou Rural Commercial Bank Co. Ltd.</name>
        <lei>300300C1115832000030</lei>
        <title>Jiangsu Suzhou Rural Commercial Bank Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003035"/>
          <other otherDesc="Inhouse Asset ID" value="SBMF7N002"/>
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        <balance>35500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>21223.84000000</valUSD>
        <pctVal>0.168857309752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Weichai Power Co. Ltd.</name>
        <lei>529900OKTPKBG85F9502</lei>
        <title>Weichai Power Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000000D4"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CQ035"/>
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        <balance>55400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>113691.11000000</valUSD>
        <pctVal>0.904528821240</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>Hisense Home Appliances Group Co. Ltd.</name>
        <lei>529900PRGESPUBUBN103</lei>
        <title>Hisense Home Appliances Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000LC9"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5M2M74"/>
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        <balance>45935.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>159542.79000000</valUSD>
        <pctVal>1.269325735108</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>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"/>
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        <balance>13872.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>40605.65000000</valUSD>
        <pctVal>0.323059390749</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>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"/>
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        <balance>95800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>77684.68000000</valUSD>
        <pctVal>0.618060919880</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Huatai Securities Co. Ltd.</name>
        <lei>3003009ABT0UCWO79Q77</lei>
        <title>Huatai Securities Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000LQ8"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3R3B48"/>
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        <balance>182100.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>348615.97000000</valUSD>
        <pctVal>2.773595863472</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>Sunwoda Electronic Co. Ltd.</name>
        <lei>836800CQGW5QDXND0Q43</lei>
        <title>Sunwoda Electronic Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001260"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CCV65"/>
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        <balance>24562.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>39877.48000000</valUSD>
        <pctVal>0.317266055177</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>Shenzhen Overseas Chinese Town Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Shenzhen Overseas Chinese Town Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000SS0"/>
          <other otherDesc="Inhouse Asset ID" value="SBD5CP516"/>
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        <balance>143300.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>58887.13000000</valUSD>
        <pctVal>0.468507223520</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>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"/>
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        <balance>16900.00000000</balance>
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        <valUSD>55951.13000000</valUSD>
        <pctVal>0.445148346831</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>Tangshan Sanyou Chemical Industries Co. Ltd.</name>
        <lei>30030042SD0270S8WB53</lei>
        <title>Tangshan Sanyou Chemical Industries Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001F39"/>
          <other otherDesc="Inhouse Asset ID" value="SBP3RB984"/>
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        <balance>25600.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>17919.38000000</valUSD>
        <pctVal>0.142566957686</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>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"/>
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        <balance>64800.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="7.18950000"/>
        <valUSD>60689.57000000</valUSD>
        <pctVal>0.482847473418</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>2024-01-31</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>
  <documents>XXXX</documents>
</edgarSubmission>
