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        <name>Halyk Bank of Kazakhstan Joint Stock Company</name>
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        <name>Electric Power Development Co., Ltd.</name>
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        <name>Pan American Silver Corp.</name>
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        <name>N/A</name>
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        <name>SINOPEC ENGINEERING (GROUP) CO., LTD.</name>
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        <name>SANDSTORM GOLD LTD.</name>
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        <name>SINOPHARM GROUP CO. LTD.</name>
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        <name>FRANK RUSSELL SECURITIES, INC.</name>
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        <name>FIRST QUANTUM MINERALS LTD.</name>
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        <name>KOREA ELECTRIC POWER CORPORATION</name>
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      </invstOrSec>
      <invstOrSec>
        <name>KATO SANGYO CO., LTD.</name>
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          <isin value="JP3213300001"/>
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        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>FRANK RUSSELL SECURITIES, INC.</name>
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        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00136201"/>
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        <balance>1.00000000</balance>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>FRANK RUSSELL SECURITIES, INC.</counterpartyName>
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      <invstOrSec>
        <name>IVANHOE MINES LTD</name>
        <lei>5299006XZISURYIA4G32</lei>
        <title>IVANHOE MINES LTD-CL A COMMON STOCK</title>
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          <isin value="CA46579R1047"/>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SPXW US 04/30/24 P4770 LONG</title>
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          <ticker value="SRJ24P Y 4770 US Index"/>
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        <balance>804.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>JEFFERIES LLC</counterpartyName>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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              <indexBasketInfo>
                <indexName>Put Option 4770 Apr 2024 on S&amp;P 500 Index</indexName>
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      <invstOrSec>
        <name>IMPALA PLATINUM HOLDINGS LIMITED</name>
        <lei>254900BZFIFB4PD2Z778</lei>
        <title>IMPALA PLATINUM HOLDINGS LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
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          <isin value="ZAE000083648"/>
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        <assetCat>EC</assetCat>
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        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Northern Dynasty Minerals Ltd.</name>
        <lei>529900HEIYP56LE0EJ17</lei>
        <title>NORTHERN DYNASTY MINERALS COMMON STOCK</title>
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          <isin value="CA66510M2040"/>
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        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HARMONY GOLD MINING COMPANY LIMITED</name>
        <lei>378900986D05F0C29811</lei>
        <title>HARMONY GOLD MNG-SPON ADR DEPOSITARY RECEIPT</title>
        <cusip>413216300</cusip>
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          <isin value="US4132163001"/>
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        <curCd>USD</curCd>
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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>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Gold Fields Limited</name>
        <lei>5299003KXIBJQYCBBD72</lei>
        <title>GOLD FIELDS LTD COMMON STOCK</title>
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        <identifiers>
          <isin value="ZAE000018123"/>
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        <balance>438943.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Gabriel Resources Ltd.</name>
        <lei>529900SJTRA2V9AI4361</lei>
        <title>GABRIEL RESOURCES LTD COMMON STOCK</title>
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          <isin value="CA3619701061"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Centrais Eletricas Brasileiras S.A.</name>
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          <isin value="BRELETACNOR6"/>
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        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CARREFOUR SA</name>
        <lei>549300B8P6MUJ1YWTS08</lei>
        <title>CARREFOUR SA COMMON STOCK</title>
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          <isin value="FR0000120172"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HYUNDAI MOTOR COMPANY</name>
        <lei>9884004RQX8PRBXQ8S60</lei>
        <title>Hyundai Motor Co PREFERRED STOCK</title>
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          <isin value="KR7005382007"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>West Japan Railway Company</name>
        <lei>353800QGUXHZ7EBCR121</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FRANK RUSSELL SECURITIES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>FRANK RUSSELL SECURITIES, INC.</counterpartyName>
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        <name>Shanghai Electric Group Company Limited</name>
        <lei>529900WHVV4GODE91T37</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Hyundai Department Store Co.,Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>KYORIN Pharmaceutical Co., Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>NEWMONT CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>FIRST RESOURCES LIMITED</name>
        <lei>5493007RRD817HUP4O49</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>MITSUI &amp; CO., LTD.</name>
        <lei>2NRSB4GOU9DD6CNW5R48</lei>
        <title>MITSUI &amp; CO LTD COMMON STOCK</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HEMAS HOLDINGS PLC</name>
        <lei>254900TV1ZINS66XKY23</lei>
        <title>HEMAS HOLDINGS PLC COMMON STOCK</title>
        <cusip>N/A</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Pan American Silver Corp.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>KT CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>FRANK RUSSELL SECURITIES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>FRANK RUSSELL SECURITIES, INC.</name>
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          <other otherDesc="FX Forwards" value="CCTZAR__00136211"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>FRANK RUSSELL SECURITIES, INC.</counterpartyName>
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      <invstOrSec>
        <name>YOMA STRATEGIC HOLDINGS LTD.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Perpetua Resources Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VODAFONE GROUP PUBLIC LIMITED COMPANY</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>GAZPROM PAO</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Hana Financial Group Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GOLDEN AGRI-RESOURCES LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FRANK RUSSELL SECURITIES, INC.</name>
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        <name>REI AGRO LTD</name>
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        <fairValLevel>3</fairValLevel>
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        <name>PAX GLOBAL TECHNOLOGY LIMITED</name>
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        <name>SUZUKEN CO.,LTD.</name>
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        <name>N/A</name>
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        <name>K+S Aktiengesellschaft</name>
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        <name>PT United Tractors Tbk</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>China Shenhua Energy Company Limited</name>
        <lei>529900N9JOX4C108MA40</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Aris Mining Corporation</name>
        <lei>5493001GJ5TILX6L1F82</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>INPEX CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>MHP SE</name>
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          <isin value="US55302T1051"/>
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      <invstOrSec>
        <name>Wheaton Precious Metals Corp.</name>
        <lei>549300XSFG5ZCGVYD886</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>FSK-ROSSETI PAO</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Yellow Cake PLC</name>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Joint stock company National atomic company Kazatomprom</name>
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          <isin value="US63253R2013"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>FRANK RUSSELL SECURITIES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>INTERNATIONAL TOWER HILL MINES LTD.</name>
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        <name>ORIENTAL HOLDINGS BHD</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>FRANK RUSSELL SECURITIES, INC.</name>
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          <other otherDesc="FX Forwards" value="CCTUSD__00136199"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Japan Petroleum Exploration Co., Ltd.</name>
        <lei>549300WXUNBZ356DMN17</lei>
        <title>JAPAN PETROLEUM EXPLORATION COMMON STOCK</title>
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          <isin value="JP3421100003"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>SEABRIDGE GOLD INC.</name>
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        <title>SEABRIDGE GOLD INC COMMON STOCK</title>
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        <name>GS Holdings</name>
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        <name>SKYWEST, INC.</name>
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        <name>Joint stock company National atomic company Kazatomprom</name>
        <lei>5493008JG5TXJP2JSY44</lei>
        <title>NAC KAZATOMPROM JSC-144A DEPOSITARY RECEIPT</title>
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        <name>Bear Creek Mining Corp</name>
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        <name>DL E&amp;C CO., LTD.</name>
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        <name>ETALON GROUP PLC</name>
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        <name>N/A</name>
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        <name>Lebanese Company for Development and Reconstruction of Beirut Central District S</name>
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        <title>SOLIDERE-UNSPON ADR DEPOSITARY RECEIPT</title>
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        <name>Petroleo Brasileiro S.A. (Petrobras)</name>
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        <currencyConditional curCd="BRL" exchangeRt="4.95440000"/>
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        <pctVal>0.571989350316</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</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>
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      </invstOrSec>
      <invstOrSec>
        <name>FRANK RUSSELL SECURITIES, INC.</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: ZAR/USD SETTLE 2024-02-02</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTZAR__00136213"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="ZAR" exchangeRt="18.72250000"/>
        <valUSD>1322.24000000</valUSD>
        <pctVal>0.000064595790</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>FRANK RUSSELL SECURITIES, INC.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <amtCurSold>386247.42000000</amtCurSold>
            <curSold>USD</curSold>
            <amtCurPur>7256272.89000000</amtCurPur>
            <curPur>ZAR</curPur>
            <settlementDt>2024-02-02</settlementDt>
            <unrealizedAppr>1322.24000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <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"/>
        </identifiers>
        <balance>420687.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1334.65000000"/>
        <valUSD>3137910.13000000</valUSD>
        <pctVal>0.153297272019</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</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 ELECTRIC POWER CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7015760002"/>
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        <balance>2428353.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1334.65000000"/>
        <valUSD>36009871.70000000</valUSD>
        <pctVal>1.759201146200</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <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"/>
        </identifiers>
        <balance>46838679.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81795000"/>
        <valUSD>9422860.57000000</valUSD>
        <pctVal>0.460337855500</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>FGK RUSGIDRO PAO</name>
        <lei>2534005TJN9DX4YWVT97</lei>
        <title>RUSHYDRO PJSC COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU000A0JPKH7"/>
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        <balance>6529118388.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16975707.81000000</valUSD>
        <pctVal>0.829319384576</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <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>3754705.78000000</valUSD>
        <pctVal>0.183429776336</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>ALIBABA GROUP HOLDING LIMITED</name>
        <lei>5493001NTNQJDH60PM02</lei>
        <title>ALIBABA GROUP HOLDING-SP ADR DEPOSITARY RECEIPT</title>
        <cusip>01609W102</cusip>
        <identifiers>
          <isin value="US01609W1027"/>
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        <balance>143939.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10388077.63000000</valUSD>
        <pctVal>0.507491896271</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>Sprott Physical Uranium Trust</name>
        <lei>N/A</lei>
        <title>SPROTT PHYSICAL URANIUM TRUS MUTUAL FUND</title>
        <cusip>85210A104</cusip>
        <identifiers>
          <isin value="CA85210A1049"/>
        </identifiers>
        <balance>1847938.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.34445000"/>
        <valUSD>42760497.74000000</valUSD>
        <pctVal>2.088991520520</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>N/A</name>
        <lei>N/A</lei>
        <title>MAGIC LEAP INC CVT GABRIEL RESOURCES LTD RESTRICTED 4 MO (10/17/22)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="GBU.V"/>
        </identifiers>
        <balance>4960582.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.34445000"/>
        <valUSD>1660353.23000000</valUSD>
        <pctVal>0.081113738189</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>
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      <invstOrSec>
        <name>HYUNDAI MOTOR COMPANY</name>
        <lei>9884004RQX8PRBXQ8S60</lei>
        <title>Hyundai Motor Co PREFERRED STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7005381009"/>
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        <balance>141440.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1334.65000000"/>
        <valUSD>12506449.67000000</valUSD>
        <pctVal>0.610981365822</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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>263336.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92533000"/>
        <valUSD>13535774.90000000</valUSD>
        <pctVal>0.661267302399</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Anglo American Platinum Limited</name>
        <lei>529900RORCZ0E5S5FX81</lei>
        <title>ANGLO AMERICAN PLATINUM LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000013181"/>
        </identifiers>
        <balance>232262.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="18.72250000"/>
        <valUSD>9833125.66000000</valUSD>
        <pctVal>0.480380659945</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IRSA Inversiones y Representaciones Sociedad Anonima</name>
        <lei>549300QJINFBX83IZ837</lei>
        <title>IRSA -SP ADR DEPOSITARY RECEIPT</title>
        <cusip>450047303</cusip>
        <identifiers>
          <isin value="US4500473032"/>
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        <balance>14789.57200000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>129556.65000000</valUSD>
        <pctVal>0.006329270181</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>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"/>
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        <balance>152386000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81795000"/>
        <valUSD>42702366.09000000</valUSD>
        <pctVal>2.086151597452</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <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"/>
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        <balance>14084614.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="89.98750000"/>
        <valUSD>9573233.29000000</valUSD>
        <pctVal>0.467684059441</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AIR LEASE CORPORATION</name>
        <lei>5493004NW4M4P8TMMK63</lei>
        <title>AIR LEASE CORP COMMON STOCK</title>
        <cusip>00912X302</cusip>
        <identifiers>
          <isin value="US00912X3026"/>
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        <balance>113738.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4755385.78000000</valUSD>
        <pctVal>0.232316298833</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>FRANK RUSSELL SECURITIES, INC.</name>
        <lei>N/A</lei>
        <title>FX Forward Contract: USD/HKD SETTLE 2024-02-01</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTUSD__00136203"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-224.37000000</valUSD>
        <pctVal>-0.00001096121</pctVal>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>FRANK RUSSELL SECURITIES, INC.</counterpartyName>
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            <curSold>HKD</curSold>
            <amtCurPur>2279004.16000000</amtCurPur>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GENTING PLANTATIONS BERHAD</name>
        <lei>N/A</lei>
        <title>GENTING PLANTATIONS BHD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL2291OO002"/>
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        <balance>5260700.00000000</balance>
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        <currencyConditional curCd="MYR" exchangeRt="4.73000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <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"/>
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        <balance>2959100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="35.47750000"/>
        <valUSD>10022647.48000000</valUSD>
        <pctVal>0.489639426701</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <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>212600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="147.18000000"/>
        <valUSD>7867383.03000000</valUSD>
        <pctVal>0.384347641093</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>JP</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>DREYFUS TREASURY SEC CASH-PT DPRXX US EQUITY</title>
        <cusip>261941405</cusip>
        <identifiers>
          <isin value="US2619414053"/>
        </identifiers>
        <balance>1150583.78000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1150583.78000000</valUSD>
        <pctVal>0.056209817170</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>
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        <name>N/A</name>
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        <name>SJM Holdings Limited</name>
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        <name>BANK VTB PAO</name>
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        <name>Kamigumi Co.,Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Mitsubishi Corporation</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SEABRIDGE GOLD INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
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          <ticker value="SRF24P Y 4390 US Index"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FRANK RUSSELL SECURITIES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>FRANK RUSSELL SECURITIES, INC.</counterpartyName>
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      <invstOrSec>
        <name>ARTEMIS GOLD INC.</name>
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          <isin value="CA04302L1004"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Cresud Sociedad Anonima, Comercial, Inmobiliaria, Financiera y Agropecuaria</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>LUKS GROUP (VIETNAM HOLDINGS) COMPANY LIMITED</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>FRANK RUSSELL SECURITIES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Bear Creek Mining Corp</name>
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        <name>CK HUTCHISON HOLDINGS LIMITED</name>
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        <name>HI SUN TECHNOLOGY (CHINA) LIMITED</name>
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        <name>WTAX FEE 10%</name>
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        <name>DUNDEE CORPORATION</name>
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        <name>N/A</name>
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        <name>RANGE RESOURCES CORPORATION</name>
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        <name>SBERBANK ROSSII PAO</name>
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        <name>Korean Reinsurance Company</name>
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        <valUSD>10020548.14000000</valUSD>
        <pctVal>0.489536867009</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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>3609708.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9240852.48000000</valUSD>
        <pctVal>0.451446159267</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>Western Copper and Gold Corp</name>
        <lei>529900DF4NXAM6X99014</lei>
        <title>WESTERN COPPER AND GOLD CORP COMMON STOCK</title>
        <cusip>95805V108</cusip>
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          <isin value="CA95805V1085"/>
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        <currencyConditional curCd="CAD" exchangeRt="1.34445000"/>
        <valUSD>2963452.57000000</valUSD>
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        <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>
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          <isLoanByFund>N</isLoanByFund>
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      </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>8227966.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>53070380.70000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      <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"/>
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        <balance>8888361.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1334.65000000"/>
        <valUSD>68051816.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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>8547837.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.34445000"/>
        <valUSD>37765741.96000000</valUSD>
        <pctVal>1.844981206727</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>
        <name>HANKOOK &amp; COMPANY CO., LTD.</name>
        <lei>549300ET8LEWSPTMRK47</lei>
        <title>HANKOOK &amp; CO COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7000240002"/>
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        <balance>1091508.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1334.65000000"/>
        <valUSD>13562408.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <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>283294.00000000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.34445000"/>
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        <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>
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      <invstOrSec>
        <name>FRANK RUSSELL SECURITIES, INC.</name>
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        <title>FX Forward Contract: ZAR/USD SETTLE 2024-02-01</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTZAR__00136071"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="ZAR" exchangeRt="18.72250000"/>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>FRANK RUSSELL SECURITIES, INC.</counterpartyName>
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            <settlementDt>2024-02-01</settlementDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </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>2662977.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35124666.63000000</valUSD>
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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>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>546763.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1334.65000000"/>
        <valUSD>33573190.60000000</valUSD>
        <pctVal>1.640161227931</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MEDIPAL HOLDINGS CORPORATION</name>
        <lei>353800PJDODZEA4NP730</lei>
        <title>MEDIPAL HOLDINGS CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3268950007"/>
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        <balance>186600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="147.18000000"/>
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        <pctVal>0.145500783772</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</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>316255.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.34445000"/>
        <valUSD>11098152.33000000</valUSD>
        <pctVal>0.542181390211</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>2024-01-31</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>
