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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA CONSTRUCTION BANK-H SHS</name>
        <lei>5493001KQW6DM7KEDR62</lei>
        <title>CHINA CONSTRUCTION BANK CORP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000002H1"/>
        </identifiers>
        <balance>6011000.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.832500"/>
        <valUSD>6785216.540000</valUSD>
        <pctVal>1.1303925181</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</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 PACIFIC INS-H SHS</name>
        <lei>529900BA5ILEL308WX03</lei>
        <title>CHINA PACIFIC INSURANCE GROUP CO LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000009Q7"/>
        </identifiers>
        <balance>1128200.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.832500"/>
        <valUSD>4925008.420000</valUSD>
        <pctVal>0.8204885779</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA RESOURCES BEER (HOLDINGS) CO LTD</name>
        <lei>254900OH02Y7OS7RNG48</lei>
        <title>CHINA RESOURCES BEER HOLDINGS CO LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0291001490"/>
        </identifiers>
        <balance>690500.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.832500"/>
        <valUSD>2379259.520000</valUSD>
        <pctVal>0.3963760249</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA RESOURCES MIXC LIFESTY</name>
        <lei>N/A</lei>
        <title>CHINA RESOURCES MIXC LIFESTYLE SERVICES LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG2122G1064"/>
        </identifiers>
        <balance>615000.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.832500"/>
        <valUSD>3714345.250000</valUSD>
        <pctVal>0.6187964755</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA TOWER CORP LTD-H</name>
        <lei>300300T6BNNP0L7O7H91</lei>
        <title>CHINA TOWER CORP LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100006V65"/>
        </identifiers>
        <balance>2403500.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.832500"/>
        <valUSD>3406035.790000</valUSD>
        <pctVal>0.5674332353</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CLICKS GROUP LTD</name>
        <lei>378900E967958A677472</lei>
        <title>CLICKS GROUP LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000134854"/>
        </identifiers>
        <balance>165427.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.657500"/>
        <valUSD>2626244.320000</valUSD>
        <pctVal>0.4375227987</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CONTEMPORARY AMPEREX TECHNOLOGY CO LTD</name>
        <lei>N/A</lei>
        <title>CONTEMPORARY AMPEREX TECHNOLOGY CO LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="300750"/>
        </identifiers>
        <balance>134800.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.831250"/>
        <valUSD>8654381.190000</valUSD>
        <pctVal>1.4417885838</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COUPANG INC-A</name>
        <lei>549300XR4L1D80AK4W76</lei>
        <title>COUPANG INC</title>
        <cusip>22266T109</cusip>
        <identifiers>
          <isin value="US22266T1097"/>
        </identifiers>
        <balance>149600.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2989008.000000</valUSD>
        <pctVal>0.4979579148</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CP ALL PCL FOREIGN</name>
        <lei>894500LSBZLM09TY1A91</lei>
        <title>CP ALL PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0737010Y16"/>
        </identifiers>
        <balance>2944400.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.597500"/>
        <valUSD>3935355.290000</valUSD>
        <pctVal>0.6556159482</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CTBC FINANCIAL HOLDING CO LTD</name>
        <lei>549300IWDYIFW6JXM387</lei>
        <title>CTBC FINANCIAL HOLDING CO LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002891009"/>
        </identifiers>
        <balance>3699000.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.684500"/>
        <valUSD>6118232.180000</valUSD>
        <pctVal>1.0192753377</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CUMMINS INDIA LTD</name>
        <lei>3358002PR6NKJRU4YS77</lei>
        <title>CUMMINS INDIA LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE298A01020"/>
        </identifiers>
        <balance>98205.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.913750"/>
        <valUSD>5471424.660000</valUSD>
        <pctVal>0.9115195459</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DELTA ELECTRONICS INC</name>
        <lei>529900UVZWNWGDLJSM52</lei>
        <title>DELTA ELECTRONICS INC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002308004"/>
        </identifiers>
        <balance>186000.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.684500"/>
        <valUSD>13043336.830000</valUSD>
        <pctVal>2.1729727087</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DIVI S LABORATORIES LTD</name>
        <lei>335800C1DHFG1C9T1M03</lei>
        <title>DIVI'S LABORATORIES LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE361B01024"/>
        </identifiers>
        <balance>43301.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.913750"/>
        <valUSD>2979453.830000</valUSD>
        <pctVal>0.4963662247</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EPAM SYSTEMS INC</name>
        <lei>549300XCR4R530HJP604</lei>
        <title>EPAM SYSTEMS INC</title>
        <cusip>29414B104</cusip>
        <identifiers>
          <isin value="US29414B1044"/>
        </identifiers>
        <balance>5293.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>602237.540000</valUSD>
        <pctVal>0.1003305945</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GRUPO AEROPORTUARIO DEL PACIFICO ADR</name>
        <lei>4469000001BZ368XFI90</lei>
        <title>GRUPO AEROPORTUARIO DEL PACIFICO SAB DE CV</title>
        <cusip>400506101</cusip>
        <identifiers>
          <isin value="US4005061019"/>
        </identifiers>
        <balance>14767.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3719364.290000</valUSD>
        <pctVal>0.6196326294</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GRUPO MEXICO SAB DE CV-SER B</name>
        <lei>529900JWLZAYET2ZGW20</lei>
        <title>GRUPO MEXICO SAB DE CV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MXP370841019"/>
        </identifiers>
        <balance>460614.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.468500"/>
        <valUSD>5049522.340000</valUSD>
        <pctVal>0.8412321463</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>H WORLD GROUP LTD ADR</name>
        <lei>549300Y5ML31FVN83730</lei>
        <title>H WORLD GROUP LTD</title>
        <cusip>44332N106</cusip>
        <identifiers>
          <isin value="US44332N1063"/>
        </identifiers>
        <balance>94252.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4867173.280000</valUSD>
        <pctVal>0.8108534529</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HDFC LIFE INSURANCE CO LTD</name>
        <lei>335800RQI8GAFHIRGZ37</lei>
        <title>HDFC LIFE INSURANCE CO LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE795G01014"/>
        </identifiers>
        <balance>362651.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.913750"/>
        <valUSD>2252583.220000</valUSD>
        <pctVal>0.3752722118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HENGYI PETROCHEMICAL CO LTD</name>
        <lei>N/A</lei>
        <title>HENGYI PETROCHEMICAL CO LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="000703"/>
        </identifiers>
        <balance>1412500.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.831250"/>
        <valUSD>3658022.690000</valUSD>
        <pctVal>0.6094133408</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HON HAI PRECISION INDUSTRY</name>
        <lei>30030004CM3GSZXX7O56</lei>
        <title>HON HAI PRECISION INDUSTRY CO LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002317005"/>
        </identifiers>
        <balance>1504000.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.684500"/>
        <valUSD>10625789.290000</valUSD>
        <pctVal>1.7702180382</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HYUNDAI MOBIS CO LTD</name>
        <lei>988400HJA9E0ZVDHRS65</lei>
        <title>HYUNDAI MOBIS CO LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7012330007"/>
        </identifiers>
        <balance>17557.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1483.200000"/>
        <valUSD>5077817.060000</valUSD>
        <pctVal>0.8459459443</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ICICI BANK LTD</name>
        <lei>R7RX8ER1V4666J8D1I38</lei>
        <title>ICICI BANK LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE090A01021"/>
        </identifiers>
        <balance>710368.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.913750"/>
        <valUSD>9531959.780000</valUSD>
        <pctVal>1.5879900007</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ITAU UNIBANCO HOLDING SA ADR</name>
        <lei>5493002W2IVG62O3ZJ94</lei>
        <title>ITAU UNIBANCO HOLDING SA</title>
        <cusip>465562106</cusip>
        <identifiers>
          <isin value="US4655621062"/>
        </identifiers>
        <balance>703014.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6116221.800000</valUSD>
        <pctVal>1.0189404157</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JIANGXI COPPER COMPANY LTD-H SHS</name>
        <lei>3003002E74YFQ6MEZY56</lei>
        <title>JIANGXI COPPER CO LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000003K3"/>
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        <balance>305000.000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.832500"/>
        <valUSD>1449502.770000</valUSD>
        <pctVal>0.2414819154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>KANZHUN LTD - ADR</name>
        <lei>254900F4ZCBITP7L0251</lei>
        <title>KANZHUN LTD</title>
        <cusip>48553T106</cusip>
        <identifiers>
          <isin value="US48553T1060"/>
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        <balance>241661.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3267256.720000</valUSD>
        <pctVal>0.5443131445</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KB FINANCIAL GROUP INC</name>
        <lei>529900TKE4MXG3Q6GW86</lei>
        <title>KB FINANCIAL GROUP INC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7105560007"/>
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        <balance>48223.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1483.200000"/>
        <valUSD>5280668.960000</valUSD>
        <pctVal>0.8797403366</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KE HOLDINGS INC-CL A</name>
        <lei>254900RHVY072XPAZE03</lei>
        <title>KE HOLDINGS INC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG5223Y1089"/>
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        <balance>611730.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.832500"/>
        <valUSD>3396711.580000</valUSD>
        <pctVal>0.5658798557</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KING YUAN ELECTRONICS CO LTD</name>
        <lei>N/A</lei>
        <title>KING YUAN ELECTRONICS CO LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002449006"/>
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        <balance>42000.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.684500"/>
        <valUSD>410651.050000</valUSD>
        <pctVal>0.0684129787</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KOTAK MAHINDRA BANK LTD</name>
        <lei>335800E6GTTXKHXE2I75</lei>
        <title>KOTAK MAHINDRA BANK LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE237A01036"/>
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        <balance>1482284.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.913750"/>
        <valUSD>6019966.220000</valUSD>
        <pctVal>1.0029045844</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LG CHEM LTD</name>
        <lei>988400IES4EIG7O06940</lei>
        <title>LG CHEM LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7051910008"/>
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        <balance>13572.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1483.200000"/>
        <valUSD>3675883.350000</valUSD>
        <pctVal>0.6123888621</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LOCALIZA RENT A CAR</name>
        <lei>984500C442A7E0CD4D11</lei>
        <title>LOCALIZA RENT A CAR SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRRENTACNOR4"/>
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        <balance>574012.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="4.951800"/>
        <valUSD>5360134.670000</valUSD>
        <pctVal>0.8929790363</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MAHINDRA &amp; MAHINDRA LTD</name>
        <lei>3358003B573EV4KB4Z02</lei>
        <title>MAHINDRA &amp; MAHINDRA LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE101A01026"/>
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        <balance>145917.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.913750"/>
        <valUSD>4785676.920000</valUSD>
        <pctVal>0.7972764543</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MAKEMYTRIP LTD</name>
        <lei>529900DNT8HNJ7RYUO60</lei>
        <title>MAKEMYTRIP LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MU0295S00016"/>
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        <balance>53109.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2507275.890000</valUSD>
        <pctVal>0.4177030888</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MERCADOLIBRE INC</name>
        <lei>549300DKPDN9M5S8GB14</lei>
        <title>MERCADOLIBRE INC</title>
        <cusip>58733R102</cusip>
        <identifiers>
          <isin value="US58733R1023"/>
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        <balance>2140.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3836228.200000</valUSD>
        <pctVal>0.6391017338</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</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>MR PRICE GROUP LTD</name>
        <lei>378900D3417C35C5D733</lei>
        <title>MR PRICE GROUP LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000200457"/>
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        <balance>318652.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.657500"/>
        <valUSD>2990330.360000</valUSD>
        <pctVal>0.4981782152</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NETEASE INC</name>
        <lei>5299004AF4DSJDB0PA32</lei>
        <title>NETEASE INC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG6427A1022"/>
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        <balance>202110.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.832500"/>
        <valUSD>4731230.310000</valUSD>
        <pctVal>0.7882058461</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NU HOLDINGS LTD/CAYMAN ISL-A</name>
        <lei>5493002DG1RHWK9W2X27</lei>
        <title>NU HOLDINGS LTD/CAYMAN ISLANDS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG6683N1034"/>
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        <balance>546393.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7911770.640000</valUSD>
        <pctVal>1.3180723539</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OTP BANK PLC</name>
        <lei>529900W3MOO00A18X956</lei>
        <title>OTP BANK NYRT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HU0000061726"/>
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        <balance>51103.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HUF" exchangeRt="310.292700"/>
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        <pctVal>1.1419166761</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PICC PROPERTY AND CASUALTY-H SHS</name>
        <lei>300300F1000311000017</lei>
        <title>PICC PROPERTY &amp; CASUALTY CO LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000593"/>
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        <balance>1892000.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.832500"/>
        <valUSD>3417637.960000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>POLYCAB INDIA LTD</name>
        <lei>335800ZAL1L11ERZVW68</lei>
        <title>POLYCAB INDIA LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE455K01017"/>
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        <balance>35997.000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="94.913750"/>
        <valUSD>3091692.110000</valUSD>
        <pctVal>0.5150647159</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>POWER GRID CORP OF INDIA LTD</name>
        <lei>3358009SHWZ3DZEQ4Z56</lei>
        <title>POWER GRID CORP OF INDIA LTD</title>
        <cusip>000000000</cusip>
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          <isin value="INE752E01010"/>
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        <balance>1088507.000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="94.913750"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PROSUS</name>
        <lei>635400Z5LQ5F9OLVT688</lei>
        <title>PROSUS NV</title>
        <cusip>000000000</cusip>
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        <balance>29729.000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>QATAR NATIONAL BANK</name>
        <lei>549300FFSRVBS0SQXY75</lei>
        <title>QATAR NATIONAL BANK QPSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="QA0006929895"/>
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        <balance>899812.000000</balance>
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        <currencyConditional curCd="QAR" exchangeRt="3.641000"/>
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        <pctVal>0.7138375266</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>QA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RAIA DROGASIL SA</name>
        <lei>N/A</lei>
        <title>RAIA DROGASIL SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRRADLACNOR0"/>
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        <balance>1216603.000000</balance>
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        <valUSD>5370762.470000</valUSD>
        <pctVal>0.8947495893</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SAMSUNG ELECTRONICS CO LTD</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>SAMSUNG ELECTRONICS CO LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7005930003"/>
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        <balance>350897.000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1483.200000"/>
        <valUSD>52840768.310000</valUSD>
        <pctVal>8.8030807561</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SANY HEAVY INDUSTRY CO LTD</name>
        <lei>N/A</lei>
        <title>SANY HEAVY INDUSTRY CO LT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="600031"/>
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        <balance>1252800.000000</balance>
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        <valUSD>3742954.180000</valUSD>
        <pctVal>0.6235626197</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>THE SAUDI NATIONAL BANK</name>
        <lei>5586006ZEFQ542K7CY16</lei>
        <title>SAUDI NATIONAL BANK/THE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA13L050IE10"/>
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        <balance>678241.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.750500"/>
        <valUSD>7110916.670000</valUSD>
        <pctVal>1.1846529810</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEA LTD ADR</name>
        <lei>529900OM6JLLW44YKI15</lei>
        <title>SEA LTD</title>
        <cusip>81141R100</cusip>
        <identifiers>
          <isin value="US81141R1005"/>
        </identifiers>
        <balance>40978.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3478212.640000</valUSD>
        <pctVal>0.5794576373</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHENZHOU INTERNATIONAL GROUP</name>
        <lei>529900B4W41TCUKJFM73</lei>
        <title>SHENZHOU INTERNATIONAL GROUP HOLDINGS LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG8087W1015"/>
        </identifiers>
        <balance>320300.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.832500"/>
        <valUSD>1952364.240000</valUSD>
        <pctVal>0.3252568163</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SK HYNIX INC</name>
        <lei>988400XAIK6XISWQV045</lei>
        <title>SK HYNIX INC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7000660001"/>
        </identifiers>
        <balance>42168.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1483.200000"/>
        <valUSD>37604102.060000</valUSD>
        <pctVal>6.2647073043</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SM ENTERTAINMENT CO LTD</name>
        <lei>N/A</lei>
        <title>SM ENTERTAINMENT CO LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7041510009"/>
        </identifiers>
        <balance>38702.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1483.200000"/>
        <valUSD>2538049.270000</valUSD>
        <pctVal>0.4228298225</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>T. Rowe Price Government Reserve Fund</name>
        <lei>5493002Y0IYARJVQ5N24</lei>
        <title>T. Rowe Price Government Reserve Fund</title>
        <cusip>76105Y109</cusip>
        <identifiers>
          <isin value="US76105Y1091"/>
        </identifiers>
        <balance>19321073.110000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19321073.110000</valUSD>
        <pctVal>3.2188208522</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TAIWAN SEMICONDUCTOR MANUFAC</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002330008"/>
        </identifiers>
        <balance>1278219.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.684500"/>
        <valUSD>88736351.660000</valUSD>
        <pctVal>14.7831550268</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TCL TECHNOLOGY GROUP CORP</name>
        <lei>N/A</lei>
        <title>TCL TECHNOLOGY GROUP CORP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="100"/>
        </identifiers>
        <balance>6676200.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.831250"/>
        <valUSD>4181796.640000</valUSD>
        <pctVal>0.6966721852</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TECHTRONIC INDUSTRIES CO LTD</name>
        <lei>549300HZW2SBE758OK89</lei>
        <title>TECHTRONIC INDUSTRIES CO LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0669013440"/>
        </identifiers>
        <balance>198500.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.832500"/>
        <valUSD>2878190.420000</valUSD>
        <pctVal>0.4794961071</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TENCENT HOLDINGS LTD</name>
        <lei>254900N4SLUMW4XUYY11</lei>
        <title>TENCENT HOLDINGS LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG875721634"/>
        </identifiers>
        <balance>417800.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.832500"/>
        <valUSD>25373940.590000</valUSD>
        <pctVal>4.2272066675</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TITAN CO LTD</name>
        <lei>549300RO9VJWPK37FE54</lei>
        <title>TITAN CO LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE280A01028"/>
        </identifiers>
        <balance>78768.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.913750"/>
        <valUSD>3656777.130000</valUSD>
        <pctVal>0.6092058350</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNIMICRON TECHNOLOGY CORP</name>
        <lei>N/A</lei>
        <title>UNIMICRON TECHNOLOGY CORP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0003037008"/>
        </identifiers>
        <balance>506000.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.684500"/>
        <valUSD>14372093.290000</valUSD>
        <pctVal>2.3943387258</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VISTA ENERGY SAB DE CV ADR</name>
        <lei>549300UDOHP7958KNS89</lei>
        <title>VISTA ENERGY SAB DE CV</title>
        <cusip>92837L109</cusip>
        <identifiers>
          <isin value="US92837L1098"/>
        </identifiers>
        <balance>67168.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4991925.760000</valUSD>
        <pctVal>0.8316367645</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WEG SA</name>
        <lei>254900NKQV127YFRO022</lei>
        <title>WEG SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRWEGEACNOR0"/>
        </identifiers>
        <balance>529654.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="4.951800"/>
        <valUSD>4823982.270000</valUSD>
        <pctVal>0.8036579869</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WUXI APPTEC CO LTD-H SHS</name>
        <lei>254900OEPQLZSPLN9175</lei>
        <title>WUXI APPTEC CO LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100003F19"/>
        </identifiers>
        <balance>251400.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.832500"/>
        <valUSD>4416573.780000</valUSD>
        <pctVal>0.7357852070</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</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 ALUMINIUM CO LTD</name>
        <lei>N/A</lei>
        <title>YUNNAN ALUMINIUM CO LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="000807"/>
        </identifiers>
        <balance>1077900.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.831250"/>
        <valUSD>5068365.140000</valUSD>
        <pctVal>0.8443712886</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZHONGJI INNOLIGHT CO LTD</name>
        <lei>N/A</lei>
        <title>ZHONGJI INNOLIGHT CO LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="300308"/>
        </identifiers>
        <balance>57100.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.831250"/>
        <valUSD>7211340.190000</valUSD>
        <pctVal>1.2013831760</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZTO EXPRESS CAYMAN INC</name>
        <lei>549300SCJPK3YZJTJR78</lei>
        <title>ZTO EXPRESS CAYMAN INC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG9897K1058"/>
        </identifiers>
        <balance>216269.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.832500"/>
        <valUSD>5480008.120000</valUSD>
        <pctVal>0.9129495192</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-06-04</ncom:dateSigned>
      <ncom:nameOfApplicant>T. ROWE PRICE GLOBAL FUNDS, INC.</ncom:nameOfApplicant>
      <ncom:signature>/s/ Alan Dupski</ncom:signature>
      <ncom:signerName>Alan Dupski</ncom:signerName>
      <ncom:title>Treasurer &amp; Vice President</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
