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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHIFENG JILONG GLD MNG GR LTD-H</name>
        <lei>300300PUFBCIZ7STN538</lei>
        <title>CHIFENG JILONG GOLD MINING GROUP LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100006T51"/>
        </identifiers>
        <balance>616200.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.842400"/>
        <valUSD>2634238.300000</valUSD>
        <pctVal>0.4299726849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA CONSTRUCTION BANK-H SHS</name>
        <lei>5493001KQW6DM7KEDR62</lei>
        <title>CHINA CONSTRUCTION BANK CORP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000002H1"/>
        </identifiers>
        <balance>6153000.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.842400"/>
        <valUSD>7220089.680000</valUSD>
        <pctVal>1.1784967765</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</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>1154800.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.842400"/>
        <valUSD>4507268.050000</valUSD>
        <pctVal>0.7356973532</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</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>880500.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.842400"/>
        <valUSD>2656628.650000</valUSD>
        <pctVal>0.4336273425</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>629800.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.842400"/>
        <valUSD>3203192.680000</valUSD>
        <pctVal>0.5228400775</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>CLICKS GROUP LTD</name>
        <lei>378900E967958A677472</lei>
        <title>CLICKS GROUP LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000134854"/>
        </identifiers>
        <balance>191389.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.521250"/>
        <valUSD>2561355.780000</valUSD>
        <pctVal>0.4180764594</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>138200.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.752450"/>
        <valUSD>8103074.580000</valUSD>
        <pctVal>1.3226216980</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</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>3018500.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.392500"/>
        <valUSD>4336258.220000</valUSD>
        <pctVal>0.7077843297</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>3787000.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.319000"/>
        <valUSD>7558606.410000</valUSD>
        <pctVal>1.2337510590</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>79364.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="95.415000"/>
        <valUSD>4590051.040000</valUSD>
        <pctVal>0.7492095797</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>191000.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.319000"/>
        <valUSD>9396744.470000</valUSD>
        <pctVal>1.5337805426</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>43982.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="95.415000"/>
        <valUSD>3712886.860000</valUSD>
        <pctVal>0.6060347433</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>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>13859.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3012253.650000</valUSD>
        <pctVal>0.4916741168</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>463740.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.319500"/>
        <valUSD>5577089.670000</valUSD>
        <pctVal>0.9103186372</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>96458.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4117792.020000</valUSD>
        <pctVal>0.6721252556</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>HENGYI PETROCHEMICAL CO LTD</name>
        <lei>N/A</lei>
        <title>HENGYI PETROCHEMICAL CO LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="000703"/>
        </identifiers>
        <balance>1443100.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.752450"/>
        <valUSD>3435713.610000</valUSD>
        <pctVal>0.5607932302</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</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>1001000.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.319000"/>
        <valUSD>7644644.820000</valUSD>
        <pctVal>1.2477946503</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>15858.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1425.700000"/>
        <valUSD>5128572.220000</valUSD>
        <pctVal>0.8371095232</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>788319.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="95.415000"/>
        <valUSD>11847770.620000</valUSD>
        <pctVal>1.9338484843</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>719466.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6086682.360000</valUSD>
        <pctVal>0.9934967374</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>KANZHUN LTD - ADR</name>
        <lei>254900F4ZCBITP7L0251</lei>
        <title>KANZHUN LTD</title>
        <cusip>48553T106</cusip>
        <identifiers>
          <isin value="US48553T1060"/>
        </identifiers>
        <balance>275780.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4489698.400000</valUSD>
        <pctVal>0.7328295528</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>KB FINANCIAL GROUP INC</name>
        <lei>529900TKE4MXG3Q6GW86</lei>
        <title>KB FINANCIAL GROUP INC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7105560007"/>
        </identifiers>
        <balance>49352.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1425.700000"/>
        <valUSD>5776003.660000</valUSD>
        <pctVal>0.9427863082</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>KE HOLDINGS INC-CL A</name>
        <lei>254900RHVY072XPAZE03</lei>
        <title>KE HOLDINGS INC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG5223Y1089"/>
        </identifiers>
        <balance>623330.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.842400"/>
        <valUSD>3496196.450000</valUSD>
        <pctVal>0.5706655220</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>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>1590524.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="95.415000"/>
        <valUSD>6501997.230000</valUSD>
        <pctVal>1.0612863712</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"/>
        </identifiers>
        <balance>13887.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1425.700000"/>
        <valUSD>2459636.720000</valUSD>
        <pctVal>0.4014733991</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>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>620468.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.069150"/>
        <valUSD>4624302.110000</valUSD>
        <pctVal>0.7548001994</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>148747.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="95.415000"/>
        <valUSD>5296528.960000</valUSD>
        <pctVal>0.8645242071</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>53637.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3054627.150000</valUSD>
        <pctVal>0.4985905174</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>MEDIATEK INC</name>
        <lei>254900UEGBK1I4DM4E14</lei>
        <title>MEDIATEK INC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002454006"/>
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        <balance>79000.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.319000"/>
        <valUSD>8415690.440000</valUSD>
        <pctVal>1.3736483195</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>MEITUAN-CL B</name>
        <lei>21380033K525E5JLIA77</lei>
        <title>MEITUAN</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG596691041"/>
        </identifiers>
        <balance>590600.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.842400"/>
        <valUSD>6972906.500000</valUSD>
        <pctVal>1.1381503828</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>MERCADOLIBRE INC</name>
        <lei>549300DKPDN9M5S8GB14</lei>
        <title>MERCADOLIBRE INC</title>
        <cusip>58733R102</cusip>
        <identifiers>
          <isin value="US58733R1023"/>
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        <balance>2931.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5504271.450000</valUSD>
        <pctVal>0.8984329071</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>MMG LTD</name>
        <lei>529900XB5IQXFMSWEC48</lei>
        <title>MMG LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK1208013172"/>
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        <balance>2968000.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.842400"/>
        <valUSD>3185247.780000</valUSD>
        <pctVal>0.5199110271</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>
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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>323518.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.521250"/>
        <valUSD>3331512.460000</valUSD>
        <pctVal>0.5437850316</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>136910.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.842400"/>
        <valUSD>3642657.120000</valUSD>
        <pctVal>0.5945715170</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>481345.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6897673.850000</valUSD>
        <pctVal>1.1258705581</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>OTP BANK PLC</name>
        <lei>529900W3MOO00A18X956</lei>
        <title>OTP BANK NYRT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HU0000061726"/>
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        <balance>52012.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HUF" exchangeRt="316.394300"/>
        <valUSD>7705154.380000</valUSD>
        <pctVal>1.2576713035</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>1938000.000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.842400"/>
        <valUSD>4044697.510000</valUSD>
        <pctVal>0.6601944281</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>POLYCAB INDIA LTD</name>
        <lei>335800ZAL1L11ERZVW68</lei>
        <title>POLYCAB INDIA LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE455K01017"/>
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        <balance>33706.000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="95.415000"/>
        <valUSD>3215215.760000</valUSD>
        <pctVal>0.5248025408</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>
        <name>POWER GRID CORP OF INDIA LTD</name>
        <lei>3358009SHWZ3DZEQ4Z56</lei>
        <title>POWER GRID CORP OF INDIA LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE752E01010"/>
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        <balance>1115158.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="95.415000"/>
        <valUSD>3319582.200000</valUSD>
        <pctVal>0.5418377188</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>PUBLIC POWER CORP</name>
        <lei>213800T9Y5XCOVRZ4Y57</lei>
        <title>PUBLIC POWER CORP SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GRS434003000"/>
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        <balance>122367.000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.867190"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</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>920868.000000</balance>
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        <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>1128332.000000</balance>
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        <valUSD>4135685.190000</valUSD>
        <pctVal>0.6750458624</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>309304.000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1425.700000"/>
        <valUSD>53835853.810000</valUSD>
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        <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>
        <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>1418900.000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>THE SAUDI NATIONAL BANK</name>
        <lei>5586006ZEFQ542K7CY16</lei>
        <title>SAUDI NATIONAL BANK/THE</title>
        <cusip>000000000</cusip>
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          <isin value="SA13L050IE10"/>
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        <balance>678241.000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.755500"/>
        <valUSD>7097392.960000</valUSD>
        <pctVal>1.1584696445</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SEA LTD ADR</name>
        <lei>529900OM6JLLW44YKI15</lei>
        <title>SEA LTD</title>
        <cusip>81141R100</cusip>
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          <isin value="US81141R1005"/>
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        <balance>49416.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5274663.840000</valUSD>
        <pctVal>0.8609552800</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>SHENGYI TECHNOLOGY CO LTD</name>
        <lei>N/A</lei>
        <title>SHENGYI TECHNOLOGY CO LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="600183"/>
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        <balance>245500.000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.752450"/>
        <valUSD>3839315.840000</valUSD>
        <pctVal>0.6266710722</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</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>33424.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1425.700000"/>
        <valUSD>37958156.800000</valUSD>
        <pctVal>6.1957077283</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>SK HYNIX INC-ADR</name>
        <lei>988400XAIK6XISWQV045</lei>
        <title>SK HYNIX INC</title>
        <cusip>78392B206</cusip>
        <identifiers>
          <isin value="US78392B2060"/>
        </identifiers>
        <balance>38613.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5549846.490000</valUSD>
        <pctVal>0.9058718781</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SM ENTERTAINMENT CO LTD</name>
        <lei>N/A</lei>
        <title>SM ENTERTAINMENT CO LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7041510009"/>
        </identifiers>
        <balance>39127.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1425.700000"/>
        <valUSD>1868979.450000</valUSD>
        <pctVal>0.3050635594</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>16716390.990000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16716390.990000</valUSD>
        <pctVal>2.7285274517</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>1274219.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.319000"/>
        <valUSD>94247960.310000</valUSD>
        <pctVal>15.3835924949</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>6683400.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.752450"/>
        <valUSD>4680501.360000</valUSD>
        <pctVal>0.7639733036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</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>237000.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.842400"/>
        <valUSD>3981589.480000</valUSD>
        <pctVal>0.6498936406</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>295300.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.842400"/>
        <valUSD>18043711.710000</valUSD>
        <pctVal>2.9451789421</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>75750.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="95.415000"/>
        <valUSD>3867426.020000</valUSD>
        <pctVal>0.6312593472</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>529900552WPFHC1YI579</lei>
        <title>UNIMICRON TECHNOLOGY CORP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0003037008"/>
        </identifiers>
        <balance>405000.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.319000"/>
        <valUSD>9502506.250000</valUSD>
        <pctVal>1.5510434746</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>85152.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5998958.400000</valUSD>
        <pctVal>0.9791780227</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>534676.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.069150"/>
        <valUSD>5003803.290000</valUSD>
        <pctVal>0.8167441554</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>140500.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.842400"/>
        <valUSD>2881267.970000</valUSD>
        <pctVal>0.4702940220</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</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>1075900.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.752450"/>
        <valUSD>4253399.990000</valUSD>
        <pctVal>0.6942598222</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</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>38400.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.752450"/>
        <valUSD>5114260.760000</valUSD>
        <pctVal>0.8347735398</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</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>174119.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.842400"/>
        <valUSD>4166876.020000</valUSD>
        <pctVal>0.6801369755</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>2026-09-02</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>
  <documents>XXXX</documents>
</edgarSubmission>
