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      <invstOrSec>
        <name>America Movil S.A.B. de C.V.</name>
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          <isin value="US02390A1016"/>
          <ticker value="AMX"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UEM Sunrise Berhad</name>
        <lei>N/A</lei>
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          <isin value="MYL5148OO001"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>KUNLUN ENERGY COMPANY LTD</name>
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          <isin value="BMG5320C1082"/>
          <ticker value="135"/>
          <other otherDesc="SEDOL" value="6340078"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Samsung Electronics Co Ltd.</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>Samsung Electronics Co Ltd. KRW100</title>
        <cusip>000000000</cusip>
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          <isin value="KR7005930003"/>
          <ticker value="005930"/>
          <other otherDesc="SEDOL" value="6771720"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Marfrig Global Foods SA</name>
        <lei>391200219USWMOBN3F92</lei>
        <title>Marfrig Global Foods SA SPONSORED ADR</title>
        <cusip>56656T105</cusip>
        <identifiers>
          <isin value="US56656T1051"/>
          <ticker value="MBRFY"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ishares Inc</name>
        <lei>549300MGJZCNMJLBAJ67</lei>
        <title>Ishares Inc MSCI TURKEY ETF</title>
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          <isin value="US4642867158"/>
          <ticker value="TUR"/>
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        <balance>290275.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11793873.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Usinas Siderurgicas De Minas Gerais SA</name>
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        <title>Usinas Siderurgicas De Minas Gerais SA PRF'A'NPV</title>
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          <isin value="BRUSIMACNPA6"/>
          <ticker value="USIM5"/>
          <other otherDesc="SEDOL" value="2386009"/>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>China Petroleum &amp; Chemical Corp.</name>
        <lei>529900A2OB24EZ5B3J19</lei>
        <title>China Petroleum &amp; Chemical Corp. CNY1'H'SHS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000002Q2"/>
          <ticker value="386"/>
          <other otherDesc="SEDOL" value="6291819"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hyundai Motor Co.</name>
        <lei>9884004RQX8PRBXQ8S60</lei>
        <title>Hyundai Motor Co. KRW5000</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7005380001"/>
          <ticker value="005380"/>
          <other otherDesc="SEDOL" value="6451055"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PDD HOLDINGS INC</name>
        <lei>5493000573DS7005T657</lei>
        <title>PDD Holdings Inc. SPONSORED ADS</title>
        <cusip>722304102</cusip>
        <identifiers>
          <isin value="US7223041028"/>
          <ticker value="PDD"/>
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        <balance>730000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>75722900.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Rosneft Oil Company</name>
        <lei>253400JT3MQWNDKMJE44</lei>
        <title>Rosneft Oil Company RUB0.01(RUB)</title>
        <cusip>000000000</cusip>
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          <isin value="RU000A0J2Q06"/>
          <ticker value="ROSN"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Irsa Inversiones y Representaciones SA</name>
        <lei>549300QJINFBX83IZ837</lei>
        <title>Irsa Inversiones y Representaciones SA SPON GDS ECH 10</title>
        <cusip>450047303</cusip>
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          <isin value="US4500473032"/>
          <ticker value="IRS"/>
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        <balance>1751834.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>27924233.96000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Centrais Elet Bras Sa Eletrobras</name>
        <lei>254900I8KYDELP4B4Z08</lei>
        <title>Centrais Elet Bras Sa Eletrobras SPON ADS PF CL C</title>
        <cusip>15236F100</cusip>
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          <isin value="US15236F1003"/>
          <ticker value="AXIA/PC"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TAL Education Group</name>
        <lei>5493003PJZS0EC085V72</lei>
        <title>TAL Education Group SPONSORED ADS</title>
        <cusip>874080104</cusip>
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          <isin value="US8740801043"/>
          <ticker value="TAL"/>
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        <curCd>USD</curCd>
        <valUSD>10530000.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Banco Bradesco SA</name>
        <lei>549300CTUU1RFXHQJE44</lei>
        <title>Banco Bradesco SA SP ADR PFD NEW</title>
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          <ticker value="BBD"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Guangshen Railway Co Ltd.</name>
        <lei>529900YIR2NSEPF1UU41</lei>
        <title>Guangshen Railway Co Ltd. 'H'CNY1</title>
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          <ticker value="525"/>
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        <invCountry>CN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Sitios Latinoamerica S.A.B. De C.V</name>
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        <name>Coca-Cola FEMSA SAB de CV</name>
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        <title>Coca-Cola FEMSA SAB de CV SPONS ADS REP</title>
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        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Compania Cervecerias Unidas S.A.</name>
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        <title>Compania Cervecerias Unidas S.A. SPONSORED ADR</title>
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        <invCountry>CL</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ZEE Entertainment Enterprises Ltd.</name>
        <lei>254900EQIYPXZEO10B94</lei>
        <title>ZEE Entertainment Enterprises Ltd. INR1</title>
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        <invCountry>IN</invCountry>
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        <name>HCL Technologies Ltd.</name>
        <lei>549300C1F8OLYSOQYB65</lei>
        <title>HCL Technologies Ltd. INR2</title>
        <cusip>000000000</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ambev S.A.</name>
        <lei>549300TH5Q6VRP8OT012</lei>
        <title>Ambev S.A. SPONSORED ADR</title>
        <cusip>02319V103</cusip>
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          <ticker value="ABEV"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Didi Global Inc</name>
        <lei>8368006Y2DHY77ADSY31</lei>
        <title>Didi Global Inc SPONSORED ADS</title>
        <cusip>23292E108</cusip>
        <identifiers>
          <isin value="US23292E1082"/>
          <ticker value="DIDIY"/>
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        <balance>1278300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5624520.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CREDICORP LTD</name>
        <lei>529900UYAEYQCQ2BKB17</lei>
        <title>Credicorp Ltd. COM USD5</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG2519Y1084"/>
          <ticker value="BAP"/>
          <other otherDesc="SEDOL" value="2232878"/>
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        <balance>120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>41565600.00000000</valUSD>
        <pctVal>0.376057077714</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Glenmark Pharmaceuticals Ltd.</name>
        <lei>335800WKECZXIIT9GK20</lei>
        <title>Glenmark Pharmaceuticals Ltd. INR1.00</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE935A01035"/>
          <ticker value="GNP"/>
          <other otherDesc="SEDOL" value="6698755"/>
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        <balance>1167988.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>27431774.33000000</valUSD>
        <pctVal>0.248183904263</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Gazprom Public Joint Stock Company</name>
        <lei>213800FD9J2IHTA7YX78</lei>
        <title>Gazprom Public Joint Stock Company RUB5(RUB)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="RU0007661625"/>
          <ticker value="GAZP"/>
          <other otherDesc="SEDOL" value="B59L4L7"/>
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        <balance>29200000.00000000</balance>
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        <currencyConditional curCd="RUB" exchangeRt="1000000000.00000000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Lotte Wellfood Co Ltd.</name>
        <lei>988400SZXKR6WK05R430</lei>
        <title>Lotte Wellfood Co Ltd. KRW500</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7280360009"/>
          <ticker value="280360"/>
          <other otherDesc="SEDOL" value="BZ60JT0"/>
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        <balance>60000.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1438.50000000"/>
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        <pctVal>0.047925297590</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VK IPJSC</name>
        <lei>N/A</lei>
        <title>VK Company Limited SPON GDR REG S</title>
        <cusip>560317208</cusip>
        <identifiers>
          <isin value="US5603172082"/>
          <ticker value="VKCO"/>
          <other otherDesc="SEDOL" value="B53NQB3"/>
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        <balance>551200.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Grupo Televisa S.A.B.</name>
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        <title>Grupo Televisa S.A.B. SPON ADR REP ORD</title>
        <cusip>40049J206</cusip>
        <identifiers>
          <isin value="US40049J2069"/>
          <ticker value="TV"/>
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        <balance>6017000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17750150.00000000</valUSD>
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        <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>
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      </invstOrSec>
      <invstOrSec>
        <name>Banco Santander (Brasil) S.A.</name>
        <lei>549300D1H731B30TSI43</lei>
        <title>Banco Santander (Brasil) S.A. ADS REP 1 UNIT</title>
        <cusip>05967A107</cusip>
        <identifiers>
          <isin value="US05967A1079"/>
          <ticker value="BSBR"/>
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        <balance>2884119.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18775614.69000000</valUSD>
        <pctVal>0.169868901029</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>
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      </invstOrSec>
      <invstOrSec>
        <name>LG Chem Ltd</name>
        <lei>988400IES4EIG7O06940</lei>
        <title>LG Chem Ltd KRW5000</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7051910008"/>
          <ticker value="051910"/>
          <other otherDesc="SEDOL" value="6346913"/>
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        <balance>190000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1438.50000000"/>
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        <pctVal>0.498907379181</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Naspers Limited</name>
        <lei>21380044BQ8812EEKT59</lei>
        <title>Naspers Limited NPV(POST SPLT)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000351946"/>
          <ticker value="NPN"/>
          <other otherDesc="SEDOL" value="BV2FFX7"/>
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        <balance>431990.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.92375000"/>
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        <pctVal>0.217284480851</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Turkcell Iletisim Hizmetleri AS</name>
        <lei>7890003EX1LTLS2FFL84</lei>
        <title>Turkcell Iletisim Hizmetleri AS SPON ADR NEW</title>
        <cusip>900111204</cusip>
        <identifiers>
          <isin value="US9001112047"/>
          <ticker value="TKC"/>
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        <balance>4449485.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>29989528.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Astra International Tbk PT</name>
        <lei>529900L49TRJOMG4DK47</lei>
        <title>Astra International Tbk PT IDR50</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ID1000122807"/>
          <ticker value="ASII"/>
          <other otherDesc="SEDOL" value="B800MQ5"/>
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        <balance>180000000.00000000</balance>
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        <currencyConditional curCd="IDR" exchangeRt="16765.00000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SOHU.COM LTD</name>
        <lei>N/A</lei>
        <title>Sohu Com Ltd SPONSORED ADS</title>
        <cusip>83410S108</cusip>
        <identifiers>
          <isin value="US83410S1087"/>
          <ticker value="SOHU"/>
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        <balance>2219642.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Petroleo Brasileiro SA</name>
        <lei>5493000J801JZRCMFE49</lei>
        <title>Petroleo Brasileiro SA SP ADR NON VTG</title>
        <cusip>71654V101</cusip>
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          <isin value="US71654V1017"/>
          <ticker value="PBR/A"/>
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        <balance>4900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>75460000.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United Breweries Ltd.</name>
        <lei>335800ADAMN6EW1GCZ31</lei>
        <title>United Breweries Ltd. INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE686F01025"/>
          <ticker value="UBBL"/>
          <other otherDesc="SEDOL" value="B1683V6"/>
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        <balance>1000000.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Akbank T.A.S.</name>
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        <title>Akbank T.A.S. TRY1</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Lukoil PJSC</name>
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        <title>Lukoil PJSC RUB0.025(RUB)</title>
        <cusip>000000000</cusip>
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          <ticker value="LKOH"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
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      <invstOrSec>
        <name>Tianjin Development Holdings Limited</name>
        <lei>N/A</lei>
        <title>Tianjin Development Holdings Limited NPV</title>
        <cusip>000000000</cusip>
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          <isin value="HK0882007260"/>
          <ticker value="882"/>
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        <invCountry>HK</invCountry>
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      <invstOrSec>
        <name>LG Chem Ltd</name>
        <lei>988400IES4EIG7O06940</lei>
        <title>LG Chem Ltd PREF KRW5000</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7051911006"/>
          <ticker value="051915"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
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      <invstOrSec>
        <name>Samsung Electronics Co Ltd.</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>Samsung Electronics Co Ltd. N/VTG PFD KRW100</title>
        <cusip>000000000</cusip>
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          <isin value="KR7005931001"/>
          <ticker value="005935"/>
          <other otherDesc="SEDOL" value="6773812"/>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VEON LTD</name>
        <lei>5493008CA3NMHYEVT131</lei>
        <title>Veon Ltd. SPONSORED ADS</title>
        <cusip>91822M502</cusip>
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          <isin value="US91822M5022"/>
          <ticker value="VEON"/>
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        <curCd>USD</curCd>
        <valUSD>1637018.10000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Reliance Industries Ltd.</name>
        <lei>5493003UOETFYRONLG31</lei>
        <title>Reliance Industries Ltd. GDR (REPR 2 ORD INR10 LEVEL1)(REG S-UP)</title>
        <cusip>759470107</cusip>
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          <isin value="US7594701077"/>
          <ticker value="RIGD"/>
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        <balance>2340879.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>143495882.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>LG Electronics Inc.</name>
        <lei>988400RMQFTGZIOG0609</lei>
        <title>LG Electronics Inc. KRW5000</title>
        <cusip>000000000</cusip>
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          <isin value="KR7066570003"/>
          <ticker value="066570"/>
          <other otherDesc="SEDOL" value="6520739"/>
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        <invCountry>KR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>WEIBO CORP</name>
        <lei>549300Q9ID4640FE0422</lei>
        <title>Weibo Corp. SPONSORED ADR</title>
        <cusip>948596101</cusip>
        <identifiers>
          <isin value="US9485961018"/>
          <ticker value="WB"/>
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        <balance>1450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14398500.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lotte Chilsung Beverage Co. Ltd.</name>
        <lei>9884007VHCK33CNXZA95</lei>
        <title>Lotte Chilsung Beverage Co. Ltd. KRW500</title>
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        <identifiers>
          <isin value="KR7005300009"/>
          <ticker value="005300"/>
          <other otherDesc="SEDOL" value="6535443"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lupin Ltd.</name>
        <lei>335800HHXTESDEE2FC65</lei>
        <title>Lupin Ltd. INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE326A01037"/>
          <ticker value="LPC"/>
          <other otherDesc="SEDOL" value="6143761"/>
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        <balance>2500000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sberbank of Russia</name>
        <lei>549300WE6TAF5EEWQS81</lei>
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        <cusip>000000000</cusip>
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          <isin value="RU0009029540"/>
          <ticker value="SBER"/>
          <other otherDesc="SEDOL" value="4767981"/>
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        <balance>3200000.00000000</balance>
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        <currencyConditional curCd="RUB" exchangeRt="1000000000.00000000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Telefonica Brasil S.A</name>
        <lei>529900MTGG2HSDBIWG79</lei>
        <title>Telefonica Brasil S.A SPONSORED ADS</title>
        <cusip>87936R205</cusip>
        <identifiers>
          <isin value="US87936R2058"/>
          <ticker value="VIV"/>
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        <balance>1546453.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>IQIYI INC</name>
        <lei>222100XL8T2Q5B8MS302</lei>
        <title>iQIYI Inc. SPONSORED ADS</title>
        <cusip>46267X108</cusip>
        <identifiers>
          <isin value="US46267X1081"/>
          <ticker value="IQ"/>
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        <balance>1450000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2320000.00000000</valUSD>
        <pctVal>0.020989770875</pctVal>
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        <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>Ollamani SAB</name>
        <lei>N/A</lei>
        <title>Ollamani SAB CPO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MX01AG080022"/>
          <ticker value="AGUILCPO"/>
          <other otherDesc="SEDOL" value="BS89BX4"/>
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        <balance>1504250.00000000</balance>
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        <pctVal>0.060057844397</pctVal>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Woodside Energy Group Ltd.</name>
        <lei>2549005ZC5RXAOO7FH41</lei>
        <title>Woodside Energy Group Ltd. SPONSORED ADR</title>
        <cusip>980228308</cusip>
        <identifiers>
          <isin value="US9802283088"/>
          <ticker value="WDS"/>
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        <balance>137332.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2812559.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>XP INC</name>
        <lei>5493008KDA8NBZRJST80</lei>
        <title>XP Inc. CL A</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG982391099"/>
          <ticker value="XP"/>
          <other otherDesc="SEDOL" value="BK4Y052"/>
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        <balance>211715.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4558223.95000000</valUSD>
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        <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>MediaTek Inc.</name>
        <lei>254900UEGBK1I4DM4E14</lei>
        <title>MediaTek Inc. TWD10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002454006"/>
          <ticker value="2454"/>
          <other otherDesc="SEDOL" value="6372480"/>
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        <balance>3900000.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="31.21100000"/>
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        <pctVal>2.173512107261</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>
        <name>Fomento Economico Mexicano S A B de C V</name>
        <lei>549300A8MDWDJNMLV153</lei>
        <title>Fomento Economico Mexicano S A B de C V SPON ADR UNITS</title>
        <cusip>344419106</cusip>
        <identifiers>
          <isin value="US3444191064"/>
          <ticker value="FMX"/>
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        <balance>540000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>60652800.00000000</valUSD>
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        <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>
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      <invstOrSec>
        <name>Lehman Brothers Equity Finance</name>
        <lei>335800J8OBWE4VFUDG88</lei>
        <title>Indian Oil Corp Ltd</title>
        <cusip>52522M259</cusip>
        <identifiers>
          <isin value="US52522M2594"/>
          <ticker value="LBINL"/>
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        <balance>172132.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PetroChina Co Ltd.</name>
        <lei>529900RPY4YG47TRSV05</lei>
        <title>PetroChina Co Ltd. 'H'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000003W8"/>
          <ticker value="857"/>
          <other otherDesc="SEDOL" value="6226576"/>
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        <balance>18000000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.82340000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KB Financial Group Inc.</name>
        <lei>529900TKE4MXG3Q6GW86</lei>
        <title>KB Financial Group Inc. SPONSORED ADR</title>
        <cusip>48241A105</cusip>
        <identifiers>
          <isin value="US48241A1051"/>
          <ticker value="KB"/>
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        <balance>245928.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>27052080.00000000</valUSD>
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        <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>
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      <invstOrSec>
        <name>TENCENT HOLDINGS LTD</name>
        <lei>254900N4SLUMW4XUYY11</lei>
        <title>Tencent Holdings Ltd. HKD0.00002</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG875721634"/>
          <ticker value="700"/>
          <other otherDesc="SEDOL" value="BMMV2K8"/>
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        <balance>2684000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.82340000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Infosys Ltd.</name>
        <lei>335800TYLGG93MM7PR89</lei>
        <title>Infosys Ltd. INR5</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE009A01021"/>
          <ticker value="INFO"/>
          <other otherDesc="SEDOL" value="6205122"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Grupo Clarin SA</name>
        <lei>254900FY8R51KBIIVA82</lei>
        <title>Grupo Clarin SA SPD GDR B 144A</title>
        <cusip>40052A308</cusip>
        <identifiers>
          <isin value="US40052A3086"/>
          <ticker value="GRCLY"/>
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        <balance>131213.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>533524.64000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AR</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>Turk Telekomunikasyon A.S.</name>
        <lei>789000A2TXOI10JZLF90</lei>
        <title>Turk Telekomunikasyon A.S. TRY1 (D SHARES)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TRETTLK00013"/>
          <ticker value="TTKOM"/>
          <other otherDesc="SEDOL" value="B2RCGV5"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JD.COM INC</name>
        <lei>549300HVTWB0GJZ16V92</lei>
        <title>JD.com Inc. SPON ADS CL A</title>
        <cusip>47215P106</cusip>
        <identifiers>
          <isin value="US47215P1066"/>
          <ticker value="JD"/>
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        <curCd>USD</curCd>
        <valUSD>30509500.00000000</valUSD>
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        <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>Jio Financial Services Ltd.</name>
        <lei>3358003O268Q1OGBQR42</lei>
        <title>Jio Financial Services Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE758E01017"/>
          <ticker value="JIOFIN"/>
          <other otherDesc="SEDOL" value="BQPG2F3"/>
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        <balance>2534900.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
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        <pctVal>0.064383325635</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Lotte Corporation</name>
        <lei>988400HKP8IPW74L3K25</lei>
        <title>Lotte Corporation KRW200</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7004990008"/>
          <ticker value="004990"/>
          <other otherDesc="SEDOL" value="6535432"/>
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        <balance>300000.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1438.50000000"/>
        <valUSD>7455683.00000000</valUSD>
        <pctVal>0.067453912883</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Vale S.A.</name>
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        <name>Grupo Financiero Banorte S.A.B. de C.V.</name>
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        <name>Cresud Sociedad Anonima Comercial , Inmobiliaria, Financiera Y Agropecuaria</name>
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        <name>Sitios Latinoamerica SAB de CV</name>
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        <name>Aurobindo Pharma Ltd.</name>
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        <name>T Plus Public Joint Stock Co.</name>
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        <name>D Market Electronic Services &amp; Trading</name>
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        <name>Taiwan Semiconductor Manufacturing Co., Ltd.</name>
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        <name>Tim S A</name>
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        <name>Turkcell Iletisim Hizmetleri AS</name>
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        <name>UNI-PRESIDENT CHINA HOLDINGS LTD</name>
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        <name>Surgutneftegas Public Joint Stock Co</name>
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        <valUSD>26692273.16000000</valUSD>
        <pctVal>0.241493404211</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sberbank of Russia</name>
        <lei>549300WE6TAF5EEWQS81</lei>
        <title>Sberbank of Russia RUB3(USD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="RU0009029540"/>
          <ticker value="SBER"/>
          <other otherDesc="SEDOL" value="B56C9L8"/>
        </identifiers>
        <balance>12000000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW ORIENTAL EDUCATION &amp; TECHNOLOGY GROUP INC</name>
        <lei>529900NHZVBZQZ8EKN29</lei>
        <title>New Oriental Education &amp; Technology Group Inc. SPON ADR</title>
        <cusip>647581206</cusip>
        <identifiers>
          <isin value="US6475812060"/>
          <ticker value="EDU"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5465000.00000000</valUSD>
        <pctVal>0.049443576652</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>CEMEX S.A.B. de C.V.</name>
        <lei>549300RIG2CXWN6IV731</lei>
        <title>CEMEX S.A.B. de C.V. SPON ADR NEW</title>
        <cusip>151290889</cusip>
        <identifiers>
          <isin value="US1512908898"/>
          <ticker value="CX"/>
        </identifiers>
        <balance>5100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>63801000.00000000</valUSD>
        <pctVal>0.577227746387</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>Itau Unibanco Holding SA</name>
        <lei>5493002W2IVG62O3ZJ94</lei>
        <title>Itau Unibanco Holding SA SPON ADR REP PFD</title>
        <cusip>465562106</cusip>
        <identifiers>
          <isin value="US4655621062"/>
          <ticker value="ITUB"/>
        </identifiers>
        <balance>6744112.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>61034213.60000000</valUSD>
        <pctVal>0.552195758199</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>Sociedad Quimica y Minera de Chile S A</name>
        <lei>TJ88LXZZW5PWIN93ZC81</lei>
        <title>Sociedad Quimica y Minera de Chile S A SPON ADR SER B</title>
        <cusip>833635105</cusip>
        <identifiers>
          <isin value="US8336351056"/>
          <ticker value="SQM"/>
        </identifiers>
        <balance>300000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22890000.00000000</valUSD>
        <pctVal>0.207093041093</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TCOM/TRIP.COM GROUP LTD</name>
        <lei>2549004RMYDSRQL4KW41</lei>
        <title>Trip.com Group Ltd. ADS</title>
        <cusip>89677Q107</cusip>
        <identifiers>
          <isin value="US89677Q1076"/>
          <ticker value="TCOM"/>
        </identifiers>
        <balance>530000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>27888600.00000000</valUSD>
        <pctVal>0.252316950015</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>SK Square Co Ltd</name>
        <lei>N/A</lei>
        <title>SK Square Co Ltd KRW100</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7402340004"/>
          <ticker value="402340"/>
          <other otherDesc="SEDOL" value="BMG3GS6"/>
        </identifiers>
        <balance>6999060.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1438.50000000"/>
        <valUSD>3138264650.68000000</valUSD>
        <pctVal>28.39286895002</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>Auren Energia SA</name>
        <lei>N/A</lei>
        <title>Auren Energia SA COM NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRAUREACNOR9"/>
          <ticker value="AURE3"/>
          <other otherDesc="SEDOL" value="BMXHJ82"/>
        </identifiers>
        <balance>350225.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.12650000"/>
        <valUSD>813650.59000000</valUSD>
        <pctVal>0.007361353214</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>Tencent Music Entertainment Group</name>
        <lei>213800XTZK2GOHQTYK41</lei>
        <title>Tencent Music Entertainment Group SPON ADS</title>
        <cusip>88034P109</cusip>
        <identifiers>
          <isin value="US88034P1093"/>
          <ticker value="TME"/>
        </identifiers>
        <balance>950000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13870000.00000000</valUSD>
        <pctVal>0.125486259500</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>Samsung Life Insurance Co Ltd.</name>
        <lei>988400VYE6E0WYSM4S92</lei>
        <title>Samsung Life Insurance Co Ltd. KRW500</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7032830002"/>
          <ticker value="032830"/>
          <other otherDesc="SEDOL" value="B12C0T9"/>
        </identifiers>
        <balance>300000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1438.50000000"/>
        <valUSD>47966631.91000000</valUSD>
        <pctVal>0.433969229937</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>Reliance Industries Ltd.</name>
        <lei>5493003UOETFYRONLG31</lei>
        <title>Reliance Industries Ltd. INR10(100%DEMAT)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE002A01018"/>
          <ticker value="RELIANCE"/>
          <other otherDesc="SEDOL" value="6099626"/>
        </identifiers>
        <balance>21000000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>321753204.82000000</valUSD>
        <pctVal>2.911002606719</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bse Limited</name>
        <lei>335800UOTLCPTZQVDA19</lei>
        <title>Bse Limited INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE118H01025"/>
          <ticker value="BSE"/>
          <other otherDesc="SEDOL" value="BD3DWQ6"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>44634176.50000000</valUSD>
        <pctVal>0.403819456011</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Enel Russia Public Joint Stock Company</name>
        <lei>N/A</lei>
        <title>Enel Russia Public Joint Stock Company RUB1(RUB)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="RU000A0F5UN3"/>
          <ticker value="ELFV"/>
          <other otherDesc="SEDOL" value="B5B5BY9"/>
        </identifiers>
        <balance>1058050.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="1000000000.00000000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Transneft Public Joint Stock Co</name>
        <lei>N/A</lei>
        <title>Transneft Public Joint Stock Co RUB1 PRF(USD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="RU0009091573"/>
          <ticker value="TRNFP"/>
          <other otherDesc="SEDOL" value="5404726"/>
        </identifiers>
        <balance>1200000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BEONE MEDICINES LTD</name>
        <lei>549300JFUK6FRD5MH739</lei>
        <title>BeOne Medicines Ltd. USD0.0001 (SWITZERLAND)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH1391448177"/>
          <ticker value="6160"/>
          <other otherDesc="SEDOL" value="BVDKGC7"/>
        </identifiers>
        <balance>1615700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82340000"/>
        <valUSD>39714077.00000000</valUSD>
        <pctVal>0.359305765843</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cablevision Holding SA</name>
        <lei>254900SFRPHMM26ZOQ87</lei>
        <title>Cablevision Holding SA SPONSORED GDR</title>
        <cusip>12687E104</cusip>
        <identifiers>
          <isin value="US12687E1047"/>
          <ticker value="CVHSY"/>
        </identifiers>
        <balance>443972.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2177886.51000000</valUSD>
        <pctVal>0.019704025360</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tata Chemicals Ltd.</name>
        <lei>335800H6MURUA6FBOW17</lei>
        <title>Tata Chemicals Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE092A01019"/>
          <ticker value="TTCH"/>
          <other otherDesc="SEDOL" value="6101167"/>
        </identifiers>
        <balance>1866909.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>14721650.06000000</valUSD>
        <pctVal>0.133191405890</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wal-Mart De Mexico</name>
        <lei>N/A</lei>
        <title>Wal-Mart De Mexico COM NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MX01WA000038"/>
          <ticker value="WALMEX*"/>
          <other otherDesc="SEDOL" value="BW1YVH8"/>
        </identifiers>
        <balance>4000000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.22200000"/>
        <valUSD>12983393.33000000</valUSD>
        <pctVal>0.117464849647</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>Samsung C&amp;T Corporation</name>
        <lei>988400GFRE4IDFPE9E64</lei>
        <title>Samsung C&amp;T Corporation KRW100</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7028260008"/>
          <ticker value="028260"/>
          <other otherDesc="SEDOL" value="BSXN8K7"/>
        </identifiers>
        <balance>2017831.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1438.50000000"/>
        <valUSD>491657814.04000000</valUSD>
        <pctVal>4.448183131805</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>SK Telecom Co Ltd</name>
        <lei>9884003WEA1PHW006037</lei>
        <title>SK Telecom Co Ltd SPONSORED ADR</title>
        <cusip>78440P306</cusip>
        <identifiers>
          <isin value="US78440P3064"/>
          <ticker value="SKM"/>
        </identifiers>
        <balance>2991174.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>90752219.16000000</valUSD>
        <pctVal>0.821063916638</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>
    </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>2026-04-23</ncom:dateSigned>
      <ncom:nameOfApplicant>Delaware Group Global &amp; International Funds</ncom:nameOfApplicant>
      <ncom:signature>Dan Geatens</ncom:signature>
      <ncom:signerName>Dan Geatens</ncom:signerName>
      <ncom:title>Division Director - Head of US Fund Administration</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
