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        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fission Uranium Corp</name>
        <lei>529900CBYH3A7AK6P676</lei>
        <title>FISSION URANIUM CORP COMMON STOCK</title>
        <cusip>33812R109</cusip>
        <identifiers>
          <isin value="CA33812R1091"/>
        </identifiers>
        <balance>23309500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.27115000"/>
        <valUSD>14119745.90000000</valUSD>
        <pctVal>0.631202703700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>MAGIC LEAP INC CVT GABRIEL RESOURCES LTD RESTRICTED 4 MO (9/28/2021)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="361970957"/>
        </identifiers>
        <balance>3471971.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.27115000"/>
        <valUSD>546272.43000000</valUSD>
        <pctVal>0.024420314445</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MHP SE</name>
        <lei>213800D7DXFXGA292757</lei>
        <title>MHP SE DEPOSITARY RECEIPT</title>
        <cusip>55302T204</cusip>
        <identifiers>
          <isin value="US55302T2042"/>
        </identifiers>
        <balance>3342148.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21842763.86000000</valUSD>
        <pctVal>0.976448988697</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Communications Services Corporation Limited</name>
        <lei>529900JCDRVQE6YZKT86</lei>
        <title>CHINA COMMUNICATIONS SERVI-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000002G3"/>
        </identifiers>
        <balance>8426000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79705000"/>
        <valUSD>4484337.66000000</valUSD>
        <pctVal>0.200465792751</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Joint Stock Company Halyk Savings Bank of Kazakhstan</name>
        <lei>213800NYDTVQM4SDUD67</lei>
        <title>HALYK SAVINGS BANK-GDR REG S DEPOSITARY RECEIPT</title>
        <cusip>46627J302</cusip>
        <identifiers>
          <isin value="US46627J3023"/>
        </identifiers>
        <balance>889417.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11619462.35000000</valUSD>
        <pctVal>0.519431164187</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WH GROUP LIMITED</name>
        <lei>254900A4AYEDRWYSE928</lei>
        <title>WH GROUP LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG960071028"/>
        </identifiers>
        <balance>28122000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79705000"/>
        <valUSD>18810289.51000000</valUSD>
        <pctVal>0.840886633526</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pan American Silver Corp.</name>
        <lei>549300MKTF5851TYIB83</lei>
        <title>PAN AMER SILVER-CVR CONTINGENT VALUE RIGHTS</title>
        <cusip>697900132</cusip>
        <identifiers>
          <isin value="CA6979001329"/>
        </identifiers>
        <balance>2532384.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.27115000"/>
        <valUSD>1797992.64000000</valUSD>
        <pctVal>0.080376645843</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KERNEL HOLDING S.A.</name>
        <lei>5493003GR6L4DZOS2U12</lei>
        <title>KERNEL HOLDING SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="LU0327357389"/>
        </identifiers>
        <balance>2050145.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="4.08075000"/>
        <valUSD>26298673.52000000</valUSD>
        <pctVal>1.175643949057</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>PL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ROYAL GOLD, INC.</name>
        <lei>5493001NGRU6SFL04184</lei>
        <title>ROYAL GOLD INC COMMON STOCK</title>
        <cusip>780287108</cusip>
        <identifiers>
          <isin value="US7802871084"/>
        </identifiers>
        <balance>265778.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26989755.90000000</valUSD>
        <pctVal>1.206537781696</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KOREA ELECTRIC POWER CORPORATION</name>
        <lei>988400QG33WS7JEIV602</lei>
        <title>KOREA ELEC POWER CORP-SP ADR DEPOSITARY RECEIPT</title>
        <cusip>500631106</cusip>
        <identifiers>
          <isin value="US5006311063"/>
        </identifiers>
        <balance>232125.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2012523.75000000</valUSD>
        <pctVal>0.089966947086</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KATO SANGYO CO., LTD.</name>
        <lei>N/A</lei>
        <title>KATO SANGYO CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3213300001"/>
        </identifiers>
        <balance>257100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.08000000"/>
        <valUSD>7372036.26000000</valUSD>
        <pctVal>0.329556158591</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IVANHOE MINES LTD</name>
        <lei>5299006XZISURYIA4G32</lei>
        <title>IVANHOE MINES LTD-CL A COMMON STOCK</title>
        <cusip>46579R104</cusip>
        <identifiers>
          <isin value="CA46579R1047"/>
        </identifiers>
        <balance>1917935.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.27115000"/>
        <valUSD>16431036.58000000</valUSD>
        <pctVal>0.734525591845</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cenovus Energy Inc.</name>
        <lei>549300NKHFE6ZRF37I48</lei>
        <title>CENOVUS ENERGY INC COMMON STOCK</title>
        <cusip>15135U109</cusip>
        <identifiers>
          <isin value="CA15135U1093"/>
        </identifiers>
        <balance>383964.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.27115000"/>
        <valUSD>5585095.67000000</valUSD>
        <pctVal>0.249673578568</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IMPALA PLATINUM HOLDINGS LIMITED</name>
        <lei>254900BZFIFB4PD2Z778</lei>
        <title>IMPALA PLATINUM HOLDINGS LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000083648"/>
        </identifiers>
        <balance>855782.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.37000000"/>
        <valUSD>13185400.94000000</valUSD>
        <pctVal>0.589434171241</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Northern Dynasty Minerals Ltd.</name>
        <lei>529900HEIYP56LE0EJ17</lei>
        <title>NORTHERN DYNASTY MINERALS COMMON STOCK</title>
        <cusip>66510M204</cusip>
        <identifiers>
          <isin value="CA66510M2040"/>
        </identifiers>
        <balance>2873848.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.27115000"/>
        <valUSD>859113.59000000</valUSD>
        <pctVal>0.038405423485</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Centerra Gold Inc.</name>
        <lei>549300K0HXTMP5JJ0E62</lei>
        <title>CENTERRA GOLD INC COMMON STOCK</title>
        <cusip>152006102</cusip>
        <identifiers>
          <isin value="CA1520061021"/>
        </identifiers>
        <balance>6972625.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.27115000"/>
        <valUSD>56279064.23000000</valUSD>
        <pctVal>2.515873710143</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HARMONY GOLD MINING COMPANY LIMITED</name>
        <lei>378900986D05F0C29811</lei>
        <title>HARMONY GOLD MNG-SPON ADR DEPOSITARY RECEIPT</title>
        <cusip>413216300</cusip>
        <identifiers>
          <isin value="US4132163001"/>
        </identifiers>
        <balance>4261289.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15298027.51000000</valUSD>
        <pctVal>0.683876069299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gold Fields Limited</name>
        <lei>5299003KXIBJQYCBBD72</lei>
        <title>GOLD FIELDS LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000018123"/>
        </identifiers>
        <balance>2506504.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.37000000"/>
        <valUSD>26704392.80000000</valUSD>
        <pctVal>1.193781039362</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gabriel Resources Ltd.</name>
        <lei>529900SJTRA2V9AI4361</lei>
        <title>GABRIEL RESOURCES LTD COMMON STOCK</title>
        <cusip>361970106</cusip>
        <identifiers>
          <isin value="CA3619701061"/>
        </identifiers>
        <balance>60679056.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.27115000"/>
        <valUSD>9547111.83000000</valUSD>
        <pctVal>0.426789748364</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Centrais Eletricas Brasileiras S.A.</name>
        <lei>254900I8KYDELP4B4Z08</lei>
        <title>CENTRAIS ELETRICAS BRASILIER COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRELETACNOR6"/>
        </identifiers>
        <balance>8099811.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.31010000"/>
        <valUSD>53753665.59000000</valUSD>
        <pctVal>2.402979437060</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CARREFOUR SA</name>
        <lei>549300B8P6MUJ1YWTS08</lei>
        <title>CARREFOUR SA COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000120172"/>
        </identifiers>
        <balance>465495.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.89012000"/>
        <valUSD>8882066.32000000</valUSD>
        <pctVal>0.397059856128</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HYUNDAI MOTOR COMPANY</name>
        <lei>9884004RQX8PRBXQ8S60</lei>
        <title>Hyundai Motor Co PREFERRED STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7005382007"/>
        </identifiers>
        <balance>423148.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1205.50000000"/>
        <valUSD>34204793.66000000</valUSD>
        <pctVal>1.529075550694</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>West Japan Railway Company</name>
        <lei>353800QGUXHZ7EBCR121</lei>
        <title>WEST JAPAN RAILWAY CO COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3659000008"/>
        </identifiers>
        <balance>258600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.08000000"/>
        <valUSD>10888212.55000000</valUSD>
        <pctVal>0.486741705459</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Electric Group Company Limited</name>
        <lei>529900WHVV4GODE91T37</lei>
        <title>SHANGHAI ELECTRIC GRP CO L-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000437"/>
        </identifiers>
        <balance>10688000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79705000"/>
        <valUSD>2939433.62000000</valUSD>
        <pctVal>0.131403104661</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hyundai Department Store Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>HYUNDAI DEPT STORE CO COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7069960003"/>
        </identifiers>
        <balance>92064.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1205.50000000"/>
        <valUSD>5551303.94000000</valUSD>
        <pctVal>0.248162968427</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KYORIN Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>KYORIN HOLDINGS INC COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3247090008"/>
        </identifiers>
        <balance>994200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.08000000"/>
        <valUSD>15824140.15000000</valUSD>
        <pctVal>0.707395169655</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIRST RESOURCES LIMITED</name>
        <lei>5493007RRD817HUP4O49</lei>
        <title>FIRST RESOURCES LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1W35938974"/>
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        <balance>22220700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.35095000"/>
        <valUSD>27241416.96000000</valUSD>
        <pctVal>1.217787923349</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MITSUI &amp; CO., LTD.</name>
        <lei>2NRSB4GOU9DD6CNW5R48</lei>
        <title>MITSUI &amp; CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3893600001"/>
        </identifiers>
        <balance>1296500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.08000000"/>
        <valUSD>32566343.04000000</valUSD>
        <pctVal>1.455830998806</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HEMAS HOLDINGS PLC</name>
        <lei>254900TV1ZINS66XKY23</lei>
        <title>HEMAS HOLDINGS PLC COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="LK0337N00002"/>
        </identifiers>
        <balance>16019905.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="LKR" exchangeRt="202.41500000"/>
        <valUSD>5529570.67000000</valUSD>
        <pctVal>0.247191414202</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>LK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Pan American Silver Corp.</name>
        <lei>549300MKTF5851TYIB83</lei>
        <title>PAN AMERICAN SILVER CORP COMMON STOCK</title>
        <cusip>697900108</cusip>
        <identifiers>
          <isin value="CA6979001089"/>
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        <balance>1079909.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.27115000"/>
        <valUSD>23371196.63000000</valUSD>
        <pctVal>1.044775352619</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KT CORPORATION</name>
        <lei>9884005ACF8449EANY26</lei>
        <title>KT CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7030200000"/>
        </identifiers>
        <balance>2675346.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1205.50000000"/>
        <valUSD>69998830.21000000</valUSD>
        <pctVal>3.129195893279</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FEDERAL HYDRO-GENERATING COMPANY RUSHYDRO PAO</name>
        <lei>2534005TJN9DX4YWVT97</lei>
        <title>RUSHYDRO PJSC-ADR DEPOSITARY RECEIPT</title>
        <cusip>782183404</cusip>
        <identifiers>
          <isin value="US7821834048"/>
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        <balance>459437.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>418087.67000000</valUSD>
        <pctVal>0.018690001191</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YOMA STRATEGIC HOLDINGS LTD.</name>
        <lei>529900WRBT4SP5D5ZN49</lei>
        <title>YOMA STRATEGIC HLDGS LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1T74931364"/>
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        <balance>66818200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.35095000"/>
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        <pctVal>0.296755480124</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IAMGOLD CORPORATION</name>
        <lei>254900E7II30XAB9LA72</lei>
        <title>IAMGOLD CORP COMMON STOCK</title>
        <cusip>450913108</cusip>
        <identifiers>
          <isin value="CA4509131088"/>
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        <balance>4871314.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11788579.88000000</valUSD>
        <pctVal>0.526991317389</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOLDEN AGRI-RESOURCES LTD</name>
        <lei>529900GAK9LTNC3IFY40</lei>
        <title>GOLDEN AGRI-RESOURCES LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MU0117U00026"/>
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        <balance>277943100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.35095000"/>
        <valUSD>50678146.51000000</valUSD>
        <pctVal>2.265492829842</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REI AGRO LTD</name>
        <lei>N/A</lei>
        <title>REI AGRO LTD 5.50%  11/13/2014</title>
        <cusip>74948PAA2</cusip>
        <identifiers>
          <other otherDesc="All Others" value="74948PAA2"/>
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        <balance>723000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2014-11-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PAX GLOBAL TECHNOLOGY LIMITED</name>
        <lei>5299008CRGPD1WZXCD36</lei>
        <title>PAX GLOBAL TECHNOLOGY LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG6955J1036"/>
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        <balance>1090000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79705000"/>
        <valUSD>794642.45000000</valUSD>
        <pctVal>0.035523334942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUZUKEN CO.,LTD.</name>
        <lei>N/A</lei>
        <title>SUZUKEN CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3398000004"/>
        </identifiers>
        <balance>1200200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.08000000"/>
        <valUSD>35709346.13000000</valUSD>
        <pctVal>1.596334380538</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Shenhua Energy Company Limited</name>
        <lei>529900N9JOX4C108MA40</lei>
        <title>CHINA SHENHUA ENERGY CO-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000002R0"/>
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        <balance>4244000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79705000"/>
        <valUSD>10491408.56000000</valUSD>
        <pctVal>0.469003160226</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <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>INPEX CORPORATION</name>
        <lei>353800VHYYADPR6MXQ47</lei>
        <title>INPEX CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3294460005"/>
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        <balance>2573500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.08000000"/>
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        <pctVal>1.159717959145</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>China Mobile Limited</name>
        <lei>529900U2JJ7GK68NI589</lei>
        <title>CHINA MOBILE LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0941009539"/>
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        <balance>3218500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79705000"/>
        <valUSD>21741348.19000000</valUSD>
        <pctVal>0.971915348676</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MHP SE</name>
        <lei>213800D7DXFXGA292757</lei>
        <title>MHP SE - GDR 144A DEPOSITARY RECEIPT</title>
        <cusip>55302T105</cusip>
        <identifiers>
          <isin value="US55302T1051"/>
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        <balance>44627.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>291661.84000000</valUSD>
        <pctVal>0.013038318343</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ELECTRICITE DE FRANCE SA</name>
        <lei>549300X3UK4GG3FNMO06</lei>
        <title>EDF COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0010242511"/>
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        <balance>5133387.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.89012000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wheaton Precious Metals Corp.</name>
        <lei>549300XSFG5ZCGVYD886</lei>
        <title>WHEATON PRECIOUS METALS CORP COMMON STOCK</title>
        <cusip>962879102</cusip>
        <identifiers>
          <isin value="CA9628791027"/>
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        <balance>590629.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>23814161.28000000</valUSD>
        <pctVal>1.064577443018</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FSK YEES PAO</name>
        <lei>253400FZQ7Z49QZNSG30</lei>
        <title>FEDERAL GRID CO UNIFIED ENER COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU000A0JPNN9"/>
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        <balance>17511927373.00000000</balance>
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        <currencyConditional curCd="RUB" exchangeRt="77.29375000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GAZPROM PAO</name>
        <lei>213800FD9J2IHTA7YX78</lei>
        <title>GAZPROM PJSC COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU0007661625"/>
        </identifiers>
        <balance>20767768.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="77.29375000"/>
        <valUSD>89559664.92000000</valUSD>
        <pctVal>4.003634558325</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yellow Cake PLC</name>
        <lei>213800CVMYUGOA9EZY95</lei>
        <title>YELLOW CAKE PLC COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JE00BF50RG45"/>
        </identifiers>
        <balance>3856532.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74355000"/>
        <valUSD>16667511.71000000</valUSD>
        <pctVal>0.745096868585</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Joint stock company National atomic company Kazatomprom</name>
        <lei>5493008JG5TXJP2JSY44</lei>
        <title>NAC KAZATOMPROM JSC-GDR DEPOSITARY RECEIPT</title>
        <cusip>63253R201</cusip>
        <identifiers>
          <isin value="US63253R2013"/>
        </identifiers>
        <balance>476546.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15314188.81000000</valUSD>
        <pctVal>0.684598536709</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOHO HOLDINGS CO.,LTD.</name>
        <lei>353800Z8BQ3ZHELA4J90</lei>
        <title>TOHO HOLDINGS CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3602600003"/>
        </identifiers>
        <balance>563900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.08000000"/>
        <valUSD>8829795.20000000</valUSD>
        <pctVal>0.394723151736</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASKA Pharmaceutical Holdings Co., Ltd.</name>
        <lei>N/A</lei>
        <title>ASKA PHARMACEUTICAL CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3119660003"/>
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        <balance>3200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.08000000"/>
        <valUSD>27472.85000000</valUSD>
        <pctVal>0.001228133800</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INTERNATIONAL TOWER HILL MINES LTD.</name>
        <lei>529900QWPB33AJTGMU33</lei>
        <title>INTL TOWER HILL MINES LTD COMMON STOCK</title>
        <cusip>46050R102</cusip>
        <identifiers>
          <isin value="CA46050R1029"/>
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        <balance>6548183.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4805711.50000000</valUSD>
        <pctVal>0.214832342840</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ORIENTAL HOLDINGS BHD</name>
        <lei>549300WBMDZXMUQT2I82</lei>
        <title>ORIENTAL HOLDINGS BERHAD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL4006OO002"/>
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        <balance>3509400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.18550000"/>
        <valUSD>4521700.59000000</valUSD>
        <pctVal>0.202136048194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>MY</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>Japan Petroleum Exploration Co., Ltd.</name>
        <lei>549300WXUNBZ356DMN17</lei>
        <title>JAPAN PETROLEUM EXPLORATION COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3421100003"/>
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        <balance>473400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.08000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SEABRIDGE GOLD INC.</name>
        <lei>9845003FEO1A66376A92</lei>
        <title>SEABRIDGE GOLD INC COMMON STOCK</title>
        <cusip>811916105</cusip>
        <identifiers>
          <isin value="CA8119161054"/>
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        <balance>1233038.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19790259.90000000</valUSD>
        <pctVal>0.884694784473</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GS Holdings Corp.</name>
        <lei>N/A</lei>
        <title>GS HOLDINGS COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7078930005"/>
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        <balance>129241.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1205.50000000"/>
        <valUSD>4143297.32000000</valUSD>
        <pctVal>0.185220080385</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Joint stock company National atomic company Kazatomprom</name>
        <lei>5493008JG5TXJP2JSY44</lei>
        <title>NAC KAZATOMPROM JSC-144A DEPOSITARY RECEIPT</title>
        <cusip>63253R102</cusip>
        <identifiers>
          <isin value="US63253R1023"/>
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        <balance>1110803.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>35696547.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STOLT-NIELSEN LIMITED</name>
        <lei>213800VZX4LWJSGRLR94</lei>
        <title>STOLT-NIELSEN LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG850801025"/>
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        <balance>1056853.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="8.89400000"/>
        <valUSD>19208258.79000000</valUSD>
        <pctVal>0.858677271354</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>NO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DL E&amp;C CO., LTD.</name>
        <lei>N/A</lei>
        <title>DL E&amp;C CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7375500006"/>
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        <balance>58297.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1205.50000000"/>
        <valUSD>5698961.28000000</valUSD>
        <pctVal>0.254763775049</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EMLAK KONUT GAYRIMENKUL YATIRIM ORTAKLIGI ANONIM SIRKETI</name>
        <lei>789000IA5R88NAGSC462</lei>
        <title>EMLAK KONUT GAYRIMENKUL YATI REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TREEGYO00017"/>
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        <balance>20826230.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="13.32025000"/>
        <valUSD>3781407.46000000</valUSD>
        <pctVal>0.169042320552</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ETALON GROUP PLC</name>
        <lei>213800U2O9SKHOYSDY32</lei>
        <title>ETALON GROUP-GDR REG S DEPOSITARY RECEIPT</title>
        <cusip>29760G103</cusip>
        <identifiers>
          <isin value="US29760G1031"/>
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        <balance>12510957.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15155788.07000000</valUSD>
        <pctVal>0.677517462017</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Lebanese Company for Development and Reconstruction of Beirut Central District S</name>
        <lei>N/A</lei>
        <title>SOLIDERE-UNSPON ADR DEPOSITARY RECEIPT</title>
        <cusip>522386507</cusip>
        <identifiers>
          <isin value="US5223865073"/>
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        <balance>174732.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>804378.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PHA Co., Ltd.</name>
        <lei>N/A</lei>
        <title>PHA Co Ltd COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7043370006"/>
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        <balance>297194.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1205.50000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <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>KOREA ELECTRIC POWER CORPORATION</name>
        <lei>988400QG33WS7JEIV602</lei>
        <title>KOREA ELECTRIC POWER CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7015760002"/>
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        <balance>1747526.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <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>KOREAN WON</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: KRW/USD SETTLE 2022-02-03</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTKRW__00103973"/>
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        <balance>1.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1205.50000000"/>
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        <assetCat>DFE</assetCat>
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        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BROWN BROTHERS HARRIMAN &amp; CO.</counterpartyName>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Guangshen Railway Company Limited</name>
        <lei>529900YIR2NSEPF1UU41</lei>
        <title>GUANGSHEN RAILWAY CO LTD-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000379"/>
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        <balance>42448679.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.79705000"/>
        <valUSD>7498058.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</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>Northern Dynasty Minerals Ltd.</name>
        <lei>529900HEIYP56LE0EJ17</lei>
        <title>NORTHERN DYNASTY MINERALS COMMON STOCK</title>
        <cusip>66510M204</cusip>
        <identifiers>
          <isin value="CA66510M2040"/>
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        <balance>15400762.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4718793.48000000</valUSD>
        <pctVal>0.210946799175</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sprott Physical Uranium Trust</name>
        <lei>N/A</lei>
        <title>SPROTT PHYSICAL URANIUM TRUS MUTUAL FUND</title>
        <cusip>85210A104</cusip>
        <identifiers>
          <isin value="CA85210A1049"/>
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        <balance>3059104.00000000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.27115000"/>
        <valUSD>33932554.30000000</valUSD>
        <pctVal>1.516905486070</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TACHI-S CO.,LTD.</name>
        <lei>N/A</lei>
        <title>TACHI-S CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3465400004"/>
        </identifiers>
        <balance>152100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.08000000"/>
        <valUSD>1597195.02000000</valUSD>
        <pctVal>0.071400280295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Draegerwerk AG &amp; Co. KGaA</name>
        <lei>5493005UFVHY0PPNKD75</lei>
        <title>Draegerwerk AG &amp; Co KGaA PREFERRED STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0005550636"/>
        </identifiers>
        <balance>105789.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.89012000"/>
        <valUSD>6146584.94000000</valUSD>
        <pctVal>0.274774139714</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CGN Power Co., Ltd.</name>
        <lei>529900D2UINCGWQYBK45</lei>
        <title>CGN POWER CO LTD-H COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001T80"/>
        </identifiers>
        <balance>19478000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79705000"/>
        <valUSD>5399003.67000000</valUSD>
        <pctVal>0.241354606373</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MOSKOVSKAYA BIRZHA MMVB-RTS PAO</name>
        <lei>253400M5M1222KPNWE87</lei>
        <title>MOSCOW EXCHANGE MICEX-RTS PJ COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU000A0JR4A1"/>
        </identifiers>
        <balance>7558025.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="77.29375000"/>
        <valUSD>14229194.32000000</valUSD>
        <pctVal>0.636095436127</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KASIKORNBANK PUBLIC COMPANY LIMITED</name>
        <lei>5493004COSQ54937AW41</lei>
        <title>KASIKORNBANK PCL-FOREIGN COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0016010017"/>
        </identifiers>
        <balance>1338500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.29500000"/>
        <valUSD>6050051.16000000</valUSD>
        <pctVal>0.270458737484</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KOREAN WON</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: KRW/USD SETTLE 2022-02-03</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTKRW__00103974"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="KRW" exchangeRt="1205.50000000"/>
        <valUSD>76.79000000</valUSD>
        <pctVal>0.000003432785</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BROWN BROTHERS HARRIMAN &amp; CO.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <amtCurSold>353669.06000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>426454153.00000000</amtCurPur>
            <curPur>KRW</curPur>
            <settlementDt>2022-02-03</settlementDt>
            <unrealizedAppr>76.79000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FUKUDA CORPORATION</name>
        <lei>N/A</lei>
        <title>FUKUDA CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3805600008"/>
        </identifiers>
        <balance>143800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.08000000"/>
        <valUSD>5401491.13000000</valUSD>
        <pctVal>0.241465804655</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dreyfus Treasury Securities Cash Management; Participant Shares</name>
        <lei>N/A</lei>
        <title>DREYFUS TREASURY SEC CASH-PT DPRXX US EQUITY</title>
        <cusip>261941405</cusip>
        <identifiers>
          <isin value="US2619414053"/>
        </identifiers>
        <balance>16468779.09000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16468779.09000000</valUSD>
        <pctVal>0.736212815859</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANCO DO BRASIL S.A.</name>
        <lei>QE0Q0253K88YAGNPE356</lei>
        <title>BANCO DO BRASIL S.A. COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRBBASACNOR3"/>
        </identifiers>
        <balance>412900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.31010000"/>
        <valUSD>2547335.08000000</valUSD>
        <pctVal>0.113874909726</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POLYUS PJSC</name>
        <lei>549300FUXVT7TF6ZKV71</lei>
        <title>POLYUS PJSC-REG S-GDR DEPOSITARY RECEIPT</title>
        <cusip>73181M117</cusip>
        <identifiers>
          <isin value="US73181M1172"/>
        </identifiers>
        <balance>606643.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>47380519.33000000</valUSD>
        <pctVal>2.118077203063</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK VTB PAO</name>
        <lei>253400V1H6ART1UQ0N98</lei>
        <title>VTB BANK PJSC COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU000A0JP5V6"/>
        </identifiers>
        <balance>40040139862.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="77.29375000"/>
        <valUSD>22676575.05000000</valUSD>
        <pctVal>1.013723305192</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kamigumi Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>KAMIGUMI CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3219000001"/>
        </identifiers>
        <balance>745650.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.08000000"/>
        <valUSD>14399991.27000000</valUSD>
        <pctVal>0.643730665357</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitsubishi Corporation</name>
        <lei>KVIPTY4PULAPGC1VVD26</lei>
        <title>MITSUBISHI CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3898400001"/>
        </identifiers>
        <balance>1200100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.08000000"/>
        <valUSD>40807349.72000000</valUSD>
        <pctVal>1.824233216131</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEXGEN ENERGY LTD.</name>
        <lei>529900N0IXNXB3IP7F06</lei>
        <title>NEXGEN ENERGY LTD COMMON STOCK</title>
        <cusip>65340P106</cusip>
        <identifiers>
          <isin value="CA65340P1062"/>
        </identifiers>
        <balance>5408397.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.27115000"/>
        <valUSD>22252225.39000000</valUSD>
        <pctVal>0.994753370846</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CORPORATION CAMECO</name>
        <lei>N4BHALMXL3GMZKCUON55</lei>
        <title>CAMECO CORP COMMON STOCK</title>
        <cusip>13321L108</cusip>
        <identifiers>
          <isin value="CA13321L1085"/>
        </identifiers>
        <balance>3596679.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>69883472.97000000</valUSD>
        <pctVal>3.124039015649</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEABRIDGE GOLD INC.</name>
        <lei>9845003FEO1A66376A92</lei>
        <title>SEABRIDGE GOLD INC COMMON STOCK</title>
        <cusip>811916105</cusip>
        <identifiers>
          <isin value="CA8119161054"/>
        </identifiers>
        <balance>1531284.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.27115000"/>
        <valUSD>24562703.66000000</valUSD>
        <pctVal>1.098039941383</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GAZPROM PAO</name>
        <lei>213800FD9J2IHTA7YX78</lei>
        <title>GAZPROM PJSC-SPON ADR DEPOSITARY RECEIPT</title>
        <cusip>368287207</cusip>
        <identifiers>
          <isin value="US3682872078"/>
        </identifiers>
        <balance>1291032.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11197481.31000000</valUSD>
        <pctVal>0.500567115553</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Artemis Gold Inc</name>
        <lei>N/A</lei>
        <title>ARTEMIS GOLD INC COMMON STOCK</title>
        <cusip>04302L100</cusip>
        <identifiers>
          <isin value="CA04302L1004"/>
        </identifiers>
        <balance>2907177.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.27115000"/>
        <valUSD>14865791.21000000</valUSD>
        <pctVal>0.664553574182</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LUKS GROUP (VIETNAM HOLDINGS) COMPANY LIMITED</name>
        <lei>5299004B24AHX4THUB34</lei>
        <title>LUKS GROUP VIETNAM HOLDINGS COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG5700D1065"/>
        </identifiers>
        <balance>9255000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79705000"/>
        <valUSD>1543083.60000000</valUSD>
        <pctVal>0.068981307967</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEWCREST MINING LIMITED</name>
        <lei>5299006MN50OZJUJI655</lei>
        <title>NEWCREST MINING LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000NCM7"/>
        </identifiers>
        <balance>4764642.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.41433000"/>
        <valUSD>73526309.80000000</valUSD>
        <pctVal>3.286886737734</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ICOM INCORPORATED</name>
        <lei>N/A</lei>
        <title>ICOM INC COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3101400004"/>
        </identifiers>
        <balance>148000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.08000000"/>
        <valUSD>3030077.70000000</valUSD>
        <pctVal>0.135455216418</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bear Creek Mining Corp</name>
        <lei>549300C9IY653M7KMK88</lei>
        <title>BEAR CREEK MINING CORP COMMON STOCK</title>
        <cusip>07380N104</cusip>
        <identifiers>
          <isin value="CA07380N1042"/>
        </identifiers>
        <balance>3625815.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.27115000"/>
        <valUSD>3280248.00000000</valUSD>
        <pctVal>0.146638715814</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CK HUTCHISON HOLDINGS LIMITED</name>
        <lei>254900Z8HM1VEPOQ2G79</lei>
        <title>CK HUTCHISON HOLDINGS LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG217651051"/>
        </identifiers>
        <balance>4444000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79705000"/>
        <valUSD>31583533.56000000</valUSD>
        <pctVal>1.411895930470</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TSAKOS ENERGY NAVIGATION LIMITED</name>
        <lei>549300IFUTS62LRRCU54</lei>
        <title>TSAKOS ENERGY NAVIGATION LTD COMMON STOCK</title>
        <cusip>G9108L173</cusip>
        <identifiers>
          <isin value="BMG9108L1735"/>
        </identifiers>
        <balance>380012.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2808288.68000000</valUSD>
        <pctVal>0.125540460865</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HI SUN TECHNOLOGY (CHINA) LIMITED</name>
        <lei>N/A</lei>
        <title>HI SUN TECHNOLOGY CHINA LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG4512G1261"/>
        </identifiers>
        <balance>10578000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.79705000"/>
        <valUSD>1389743.71000000</valUSD>
        <pctVal>0.062126471213</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ORGANO CORPORATION</name>
        <lei>N/A</lei>
        <title>ORGANO CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3201600008"/>
        </identifiers>
        <balance>162900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.08000000"/>
        <valUSD>11928038.00000000</valUSD>
        <pctVal>0.533225589806</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DUNDEE CORPORATION</name>
        <lei>549300LX18ZNW1LEMU13</lei>
        <title>DUNDEE CORP -CL A COMMON STOCK</title>
        <cusip>264901109</cusip>
        <identifiers>
          <isin value="CA2649011095"/>
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        <balance>2419423.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.27115000"/>
        <valUSD>2950167.68000000</valUSD>
        <pctVal>0.131882955201</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BROWN BROTHERS HARRIMAN SWEEP INTEREST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="All Others" value="BBHMM"/>
        </identifiers>
        <balance>120168206.92000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>120168206.92000000</valUSD>
        <pctVal>5.371944909203</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RANGE RESOURCES CORPORATION</name>
        <lei>H3Y3WLYCX0BTO1TRW162</lei>
        <title>RANGE RESOURCES CORP COMMON STOCK</title>
        <cusip>75281A109</cusip>
        <identifiers>
          <isin value="US75281A1097"/>
        </identifiers>
        <balance>1687719.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32488590.75000000</valUSD>
        <pctVal>1.452355195770</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SBERBANK ROSSII PAO</name>
        <lei>549300WE6TAF5EEWQS81</lei>
        <title>SBERBANK OF RUSSIA PJSC COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU0009029540"/>
        </identifiers>
        <balance>11060525.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="77.29375000"/>
        <valUSD>38240249.63000000</valUSD>
        <pctVal>1.709474740380</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Korean Reinsurance Company</name>
        <lei>988400GFST66YNV5UF89</lei>
        <title>KOREAN REINSURANCE CO COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7003690005"/>
        </identifiers>
        <balance>718002.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1205.50000000"/>
        <valUSD>6111873.38000000</valUSD>
        <pctVal>0.273222409911</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NOVAGOLD RESOURCES INC.</name>
        <lei>529900587LVZTJ2BHS60</lei>
        <title>NOVAGOLD RESOURCES INC COMMON STOCK</title>
        <cusip>66987E206</cusip>
        <identifiers>
          <isin value="CA66987E2069"/>
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        <balance>1336348.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8819896.80000000</valUSD>
        <pctVal>0.394280658161</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Western Copper and Gold Corp</name>
        <lei>529900DF4NXAM6X99014</lei>
        <title>WESTERN COPPER AND GOLD CORP COMMON STOCK</title>
        <cusip>95805V108</cusip>
        <identifiers>
          <isin value="CA95805V1085"/>
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        <balance>2339413.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.27115000"/>
        <valUSD>3478338.96000000</valUSD>
        <pctVal>0.155494084064</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOUTHWESTERN ENERGY COMPANY</name>
        <lei>EFWMP121W54QV9MGOP87</lei>
        <title>SOUTHWESTERN ENERGY CO COMMON STOCK</title>
        <cusip>845467109</cusip>
        <identifiers>
          <isin value="US8454671095"/>
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        <balance>8378836.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>36866878.40000000</valUSD>
        <pctVal>1.648080177071</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FEDERAL HYDRO-GENERATING COMPANY RUSHYDRO PAO</name>
        <lei>2534005TJN9DX4YWVT97</lei>
        <title>RUSHYDRO PJSC COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU000A0JPKH7"/>
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        <balance>6299454688.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="77.29375000"/>
        <valUSD>60049251.74000000</valUSD>
        <pctVal>2.684414459150</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>RU</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 Uplus Corp</name>
        <lei>N/A</lei>
        <title>LG UPLUS CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7032640005"/>
        </identifiers>
        <balance>4507998.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1205.50000000"/>
        <valUSD>48685793.73000000</valUSD>
        <pctVal>2.176427596631</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Equinox Gold Corp.</name>
        <lei>5493005IN4V1SNP9PN75</lei>
        <title>EQUINOX GOLD CORP COMMON STOCK</title>
        <cusip>29446Y502</cusip>
        <identifiers>
          <isin value="CA29446Y5020"/>
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        <balance>5407027.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.27115000"/>
        <valUSD>31009107.37000000</valUSD>
        <pctVal>1.386217043132</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HANKOOK &amp; COMPANY CO., LTD.</name>
        <lei>N/A</lei>
        <title>HANKOOK &amp; CO COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7000240002"/>
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        <balance>1218834.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1205.50000000"/>
        <valUSD>13302980.17000000</valUSD>
        <pctVal>0.594690379702</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MEG Energy Corp.</name>
        <lei>5493002WXPTG5ZC1T326</lei>
        <title>MEG ENERGY CORP COMMON STOCK</title>
        <cusip>552704108</cusip>
        <identifiers>
          <isin value="CA5527041084"/>
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        <balance>1586525.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.27115000"/>
        <valUSD>18896265.98000000</valUSD>
        <pctVal>0.844730086567</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KT CORPORATION</name>
        <lei>9884005ACF8449EANY26</lei>
        <title>KT CORP-SP ADR DEPOSITARY RECEIPT</title>
        <cusip>48268K101</cusip>
        <identifiers>
          <isin value="US48268K1016"/>
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        <balance>1538593.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19940165.28000000</valUSD>
        <pctVal>0.891396086453</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LG Corp.</name>
        <lei>N/A</lei>
        <title>LG CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7003550001"/>
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        <balance>328603.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1205.50000000"/>
        <valUSD>20264994.71000000</valUSD>
        <pctVal>0.905917113666</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPROTT INC.</name>
        <lei>254900QHJAD5TP2JNM15</lei>
        <title>SPROTT INC COMMON STOCK</title>
        <cusip>852066208</cusip>
        <identifiers>
          <isin value="CA8520662088"/>
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        <balance>400380.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.27115000"/>
        <valUSD>14060467.45000000</valUSD>
        <pctVal>0.628552746812</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2022-01-31</ncom:dateSigned>
      <ncom:nameOfApplicant>THE ADVISORS' INNER CIRCLE FUND II</ncom:nameOfApplicant>
      <ncom:signature>Andy Metzger</ncom:signature>
      <ncom:signerName>Andy Metzger</ncom:signerName>
      <ncom:title>CFO</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
