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        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mouwasat Medical Services Co</name>
        <lei>N/A</lei>
        <title>Mouwasat Medical Services Co</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA12C051UH11"/>
          <ticker value="MOUWASAT"/>
          <other otherDesc="SEDOL" value="B403QG4"/>
        </identifiers>
        <balance>7606.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75040000"/>
        <valUSD>365876.59000000</valUSD>
        <pctVal>0.073751748061</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KB Financial Group Inc</name>
        <lei>529900TKE4MXG3Q6GW86</lei>
        <title>KB Financial Group Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7105560007"/>
          <ticker value="105560"/>
          <other otherDesc="SEDOL" value="B3DF0Y6"/>
        </identifiers>
        <balance>6312.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>280353.21000000</valUSD>
        <pctVal>0.056512331964</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Coca-Cola Femsa SAB de CV</name>
        <lei>5493008KEVFYPMGTXO33</lei>
        <title>Coca-Cola Femsa SAB de CV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MX01KO000002"/>
          <ticker value="KOFUBL"/>
          <other otherDesc="SEDOL" value="BHHP0S4"/>
        </identifiers>
        <balance>50041.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="19.90625000"/>
        <valUSD>282806.28000000</valUSD>
        <pctVal>0.057006810719</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Indus Towers Ltd</name>
        <lei>335800L6DI4VHODGDK41</lei>
        <title>Indus Towers Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE121J01017"/>
          <ticker value="INDUSTOW"/>
          <other otherDesc="SEDOL" value="B92P9G4"/>
        </identifiers>
        <balance>73953.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>221147.74000000</valUSD>
        <pctVal>0.044577961123</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Rumo SA</name>
        <lei>N/A</lei>
        <title>Rumo SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRRAILACNOR9"/>
          <ticker value="RAIL3"/>
          <other otherDesc="SEDOL" value="BYXZ2W5"/>
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        <balance>222889.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.20825000"/>
        <valUSD>880728.77000000</valUSD>
        <pctVal>0.177533321701</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ND PAPER</name>
        <lei>529900TBMYEYJ2LEV906</lei>
        <title>Nine Dragons Paper Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG653181005"/>
          <ticker value="2689"/>
          <other otherDesc="SEDOL" value="B0WC2B8"/>
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        <balance>223000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>281379.02000000</valUSD>
        <pctVal>0.056719110104</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <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>Detsky Mir PJSC</name>
        <lei>25340094SFG83VJ0YP24</lei>
        <title>Detsky Mir PJSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="RU000A0JSQ90"/>
          <ticker value="DSKY"/>
          <other otherDesc="SEDOL" value="BTSTNQ8"/>
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        <balance>951000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="73.14375000"/>
        <valUSD>1824220.34000000</valUSD>
        <pctVal>0.367718084735</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</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>Wipro Ltd</name>
        <lei>335800IFS1IJHESG8362</lei>
        <title>Wipro Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE075A01022"/>
          <ticker value="WPRO"/>
          <other otherDesc="SEDOL" value="6206051"/>
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        <balance>105678.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>835240.48000000</valUSD>
        <pctVal>0.168363997958</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kaspi.KZ JSC</name>
        <lei>2549003YU6FARG8OAZ13</lei>
        <title>Kaspi.KZ JSC</title>
        <cusip>48581R205</cusip>
        <identifiers>
          <isin value="US48581R2058"/>
          <ticker value="KSPI"/>
          <other otherDesc="SEDOL" value="BMXZ8G7"/>
        </identifiers>
        <balance>23100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2614920.00000000</valUSD>
        <pctVal>0.527103745667</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MercadoLibre Inc</name>
        <lei>549300DKPDN9M5S8GB14</lei>
        <title>MercadoLibre Inc</title>
        <cusip>58733R102</cusip>
        <identifiers>
          <isin value="US58733R1023"/>
          <ticker value="MELI"/>
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        <balance>2750.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4313925.00000000</valUSD>
        <pctVal>0.869581488546</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wistron Corp</name>
        <lei>254900DIEONKUALBFM06</lei>
        <title>Wistron Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0003231007"/>
          <ticker value="3231"/>
          <other otherDesc="SEDOL" value="6672481"/>
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        <balance>214000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>212806.28000000</valUSD>
        <pctVal>0.042896527346</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MLP Saglik Hizmetleri AS</name>
        <lei>789000M2LTGHSXVOQL65</lei>
        <title>MLP Saglik Hizmetleri AS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TREMLPC00021"/>
          <ticker value="MPARK"/>
          <other otherDesc="SEDOL" value="BD0MX96"/>
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        <balance>865930.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="8.42600000"/>
        <valUSD>2312298.24000000</valUSD>
        <pctVal>0.466102620120</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Adani Ports &amp; Special Economic</name>
        <lei>335800QOAXP5TM7OYP69</lei>
        <title>Adani Ports &amp; Special Economic Zone Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE742F01042"/>
          <ticker value="ADSEZ"/>
          <other otherDesc="SEDOL" value="B28XXH2"/>
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        <balance>32109.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>291773.76000000</valUSD>
        <pctVal>0.058814434775</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>National Bank of Kuwait SAKP</name>
        <lei>549300NB7FE83IH6BW96</lei>
        <title>National Bank of Kuwait SAKP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KW0EQ0100010"/>
          <ticker value="NBK"/>
          <other otherDesc="SEDOL" value="6889526"/>
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        <balance>106685.00000000</balance>
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        <currencyConditional curCd="KWD" exchangeRt="0.30045000"/>
        <valUSD>317445.13000000</valUSD>
        <pctVal>0.063989153422</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Vanguard International Semicon</name>
        <lei>2549001S5Q158BIJJO13</lei>
        <title>Vanguard International Semiconductor Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0005347009"/>
          <ticker value="5347"/>
          <other otherDesc="SEDOL" value="6109677"/>
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        <balance>112000.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>464042.89000000</valUSD>
        <pctVal>0.093539666785</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fomento Economico Mexicano SAB</name>
        <lei>549300A8MDWDJNMLV153</lei>
        <title>Fomento Economico Mexicano SAB de CV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MXP320321310"/>
          <ticker value="FEMSAUBD"/>
          <other otherDesc="SEDOL" value="2242059"/>
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        <balance>30267.00000000</balance>
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        <currencyConditional curCd="MXN" exchangeRt="19.90625000"/>
        <valUSD>263818.01000000</valUSD>
        <pctVal>0.053179241141</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Novolipetsk Steel PJSC</name>
        <lei>213800913TPW32I84456</lei>
        <title>Novolipetsk Steel PJSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="RU0009046452"/>
          <ticker value="NLMK"/>
          <other otherDesc="SEDOL" value="B59FPC7"/>
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        <balance>108010.00000000</balance>
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        <currencyConditional curCd="RUB" exchangeRt="73.14375000"/>
        <valUSD>381767.83000000</valUSD>
        <pctVal>0.076955032340</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Abdullah Al Othaim Markets Co</name>
        <lei>N/A</lei>
        <title>Abdullah Al Othaim Markets Co</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA1230K1UGH7"/>
          <ticker value="AOTHAIM"/>
          <other otherDesc="SEDOL" value="B3BQB93"/>
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        <balance>8020.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75040000"/>
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        <pctVal>0.050869619565</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sun Pharmaceutical Industries</name>
        <lei>335800KJ7GE29LB4SS73</lei>
        <title>Sun Pharmaceutical Industries Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE044A01036"/>
          <ticker value="SUNP"/>
          <other otherDesc="SEDOL" value="6582483"/>
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        <balance>36604.00000000</balance>
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        <pctVal>0.076828003506</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Monde Nissin Corp</name>
        <lei>549300CUOTXJCLZ00K49</lei>
        <title>Monde Nissin Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PHY6142T1052"/>
          <ticker value="MONDE"/>
          <other otherDesc="SEDOL" value="BMDTTT9"/>
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        <balance>1245300.00000000</balance>
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        <currencyConditional curCd="PHP" exchangeRt="49.98500000"/>
        <valUSD>368221.15000000</valUSD>
        <pctVal>0.074224353861</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</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>Meituan</name>
        <lei>21380033K525E5JLIA77</lei>
        <title>Meituan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG596691041"/>
          <ticker value="3690"/>
          <other otherDesc="SEDOL" value="BGJW376"/>
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        <balance>55800.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>1544065.61000000</valUSD>
        <pctVal>0.311245761471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LUKOIL PJSC</name>
        <lei>549300LCJ1UJXHYBWI24</lei>
        <title>LUKOIL PJSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="RU0009024277"/>
          <ticker value="LKOH"/>
          <other otherDesc="SEDOL" value="B59SNS8"/>
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        <balance>15535.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="73.14375000"/>
        <valUSD>1333920.51000000</valUSD>
        <pctVal>0.268885662752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Etihad Etisalat Co</name>
        <lei>2549007BA9ABDE3HVK79</lei>
        <title>Etihad Etisalat Co</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA000A0DM9P2"/>
          <ticker value="EEC"/>
          <other otherDesc="SEDOL" value="B12LR51"/>
        </identifiers>
        <balance>26994.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75040000"/>
        <valUSD>231846.71000000</valUSD>
        <pctVal>0.046734611101</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALIBABA GROUP HOLDING-SP ADR</name>
        <lei>5493001NTNQJDH60PM02</lei>
        <title>ALIBABA GROUP HOLDING LTD</title>
        <cusip>01609W102</cusip>
        <identifiers>
          <isin value="US01609W1027"/>
          <ticker value="BABA"/>
        </identifiers>
        <balance>53624.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10466868.56000000</valUSD>
        <pctVal>2.109864020079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POSCO</name>
        <lei>988400E5HRVX81AYLM04</lei>
        <title>POSCO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7005490008"/>
          <ticker value="005490"/>
          <other otherDesc="SEDOL" value="6693233"/>
        </identifiers>
        <balance>7606.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>2419140.57000000</valUSD>
        <pctVal>0.487639413727</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CONCH VENTURE</name>
        <lei>N/A</lei>
        <title>China Conch Venture Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG2116J1085"/>
          <ticker value="586"/>
          <other otherDesc="SEDOL" value="BH7HM06"/>
        </identifiers>
        <balance>294500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>1073706.00000000</valUSD>
        <pctVal>0.216432798841</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wiwynn Corp</name>
        <lei>254900FV2R15PMKXFL69</lei>
        <title>Wiwynn Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0006669005"/>
          <ticker value="6669"/>
          <other otherDesc="SEDOL" value="BF4QXG5"/>
        </identifiers>
        <balance>41000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>1378450.59000000</valUSD>
        <pctVal>0.277861834857</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HENGAN INT'L</name>
        <lei>N/A</lei>
        <title>Hengan International Group Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG4402L1510"/>
          <ticker value="1044"/>
          <other otherDesc="SEDOL" value="6136233"/>
        </identifiers>
        <balance>83000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>492328.13000000</valUSD>
        <pctVal>0.099241277523</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cheng Shin Rubber Industry Co</name>
        <lei>3003006VZBNKJZLNJ718</lei>
        <title>Cheng Shin Rubber Industry Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002105004"/>
          <ticker value="2105"/>
          <other otherDesc="SEDOL" value="6190228"/>
        </identifiers>
        <balance>130000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>200916.57000000</valUSD>
        <pctVal>0.040499853385</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fix Price Group Ltd</name>
        <lei>549300EXJV1RPGZNH608</lei>
        <title>Fix Price Group Ltd</title>
        <cusip>33835G205</cusip>
        <identifiers>
          <isin value="US33835G2057"/>
          <ticker value="FIXP"/>
          <other otherDesc="SEDOL" value="BN30342"/>
        </identifiers>
        <balance>328800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2513676.00000000</valUSD>
        <pctVal>0.506695438099</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Falabella SA</name>
        <lei>5493004CKJQ7H391LM41</lei>
        <title>Falabella SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CLP3880F1085"/>
          <ticker value="FALAB"/>
          <other otherDesc="SEDOL" value="2771672"/>
        </identifiers>
        <balance>68289.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="758.88500000"/>
        <valUSD>265458.60000000</valUSD>
        <pctVal>0.053509943852</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gruma SAB de CV</name>
        <lei>5493000XJLJ6C4T0PG82</lei>
        <title>Gruma SAB de CV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MXP4948K1056"/>
          <ticker value="GRUMAB"/>
          <other otherDesc="SEDOL" value="2392545"/>
        </identifiers>
        <balance>27547.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="19.90625000"/>
        <valUSD>296999.04000000</valUSD>
        <pctVal>0.059867723082</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Old Mutual Ltd</name>
        <lei>213800MON84ZWWPQCN47</lei>
        <title>Old Mutual Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000255360"/>
          <ticker value="OMU"/>
          <other otherDesc="SEDOL" value="BDVPYN5"/>
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        <balance>358706.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="14.65125000"/>
        <valUSD>316319.87000000</valUSD>
        <pctVal>0.063762328601</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ambuja Cements Ltd</name>
        <lei>335800NT6LQHR1428E20</lei>
        <title>Ambuja Cements Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE079A01024"/>
          <ticker value="ACEM"/>
          <other otherDesc="SEDOL" value="B09QQ11"/>
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        <balance>83102.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>460062.87000000</valUSD>
        <pctVal>0.092737392356</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Qatar Electricity &amp; Water Co Q</name>
        <lei>N/A</lei>
        <title>Qatar Electricity &amp; Water Co QSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="QA0006929812"/>
          <ticker value="QEWS"/>
          <other otherDesc="SEDOL" value="6566614"/>
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        <balance>48347.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="QAR" exchangeRt="3.64100000"/>
        <valUSD>219095.17000000</valUSD>
        <pctVal>0.044164213346</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>QA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>America Movil SAB de CV</name>
        <lei>5493000FNR3UCEAONM59</lei>
        <title>America Movil SAB de CV</title>
        <cusip>02364W105</cusip>
        <identifiers>
          <isin value="US02364W1053"/>
          <ticker value="AMX"/>
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        <balance>36425.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>606476.25000000</valUSD>
        <pctVal>0.122250739232</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bupa Arabia for Cooperative In</name>
        <lei>558600B2WJHD5P31XS68</lei>
        <title>Bupa Arabia for Cooperative Insurance Co</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA1210540914"/>
          <ticker value="BUPA"/>
          <other otherDesc="SEDOL" value="B2RLCR0"/>
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        <balance>7403.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75040000"/>
        <valUSD>272401.34000000</valUSD>
        <pctVal>0.054909429978</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SABIC Agri-Nutrients Co</name>
        <lei>N/A</lei>
        <title>SABIC Agri-Nutrients Co</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA0007879139"/>
          <ticker value="SAFCO"/>
          <other otherDesc="SEDOL" value="B1323K0"/>
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        <balance>14119.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75040000"/>
        <valUSD>482585.20000000</valUSD>
        <pctVal>0.097277341763</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nan Ya Plastics Corp</name>
        <lei>254900L66RP14M9UOM28</lei>
        <title>Nan Ya Plastics Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0001303006"/>
          <ticker value="1303"/>
          <other otherDesc="SEDOL" value="6621580"/>
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        <balance>240000.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>749006.86000000</valUSD>
        <pctVal>0.150981414894</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MediaTek Inc</name>
        <lei>254900UEGBK1I4DM4E14</lei>
        <title>MediaTek Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002454006"/>
          <ticker value="2454"/>
          <other otherDesc="SEDOL" value="6372480"/>
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        <balance>427000.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>13961980.80000000</valUSD>
        <pctVal>2.814392936158</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lite-On Technology Corp</name>
        <lei>2549005GU1PQ73SZBT32</lei>
        <title>Lite-On Technology Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002301009"/>
          <ticker value="2301"/>
          <other otherDesc="SEDOL" value="6519481"/>
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        <balance>298000.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>684932.62000000</valUSD>
        <pctVal>0.138065619419</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Topsports International Holdin</name>
        <lei>N/A</lei>
        <title>Topsports International Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG8924B1041"/>
          <ticker value="6110"/>
          <other otherDesc="SEDOL" value="BJRFW26"/>
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        <balance>1653000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>2306837.90000000</valUSD>
        <pctVal>0.465001949481</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Catcher Technology Co Ltd</name>
        <lei>5299006PRSCU66N5JF55</lei>
        <title>Catcher Technology Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002474004"/>
          <ticker value="2474"/>
          <other otherDesc="SEDOL" value="6186669"/>
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        <balance>46000.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>304930.11000000</valUSD>
        <pctVal>0.061466432299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Korea Electric Power Corp</name>
        <lei>988400QG33WS7JEIV602</lei>
        <title>Korea Electric Power Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7015760002"/>
          <ticker value="015760"/>
          <other otherDesc="SEDOL" value="6495730"/>
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        <balance>16691.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>361771.96000000</valUSD>
        <pctVal>0.072924355312</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Coca-Cola Femsa SAB de CV</name>
        <lei>5493008KEVFYPMGTXO33</lei>
        <title>Coca-Cola Femsa SAB de CV</title>
        <cusip>191241108</cusip>
        <identifiers>
          <isin value="US1912411089"/>
          <ticker value="KOF"/>
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        <balance>19007.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1075225.99000000</valUSD>
        <pctVal>0.216739191550</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Siam Cement PCL/The</name>
        <lei>529900SEH9QK8ZZDCQ89</lei>
        <title>Siam Cement PCL/The</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0003010Z12"/>
          <ticker value="SCC/F"/>
          <other otherDesc="SEDOL" value="6609906"/>
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        <balance>24500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.86750000"/>
        <valUSD>308900.40000000</valUSD>
        <pctVal>0.062266745398</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</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>CPIC</name>
        <lei>529900BA5ILEL308WX03</lei>
        <title>China Pacific Insurance Group Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000009Q7"/>
          <ticker value="2601"/>
          <other otherDesc="SEDOL" value="B2Q5H56"/>
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        <balance>49600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>139674.81000000</valUSD>
        <pctVal>0.028155016415</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Li Ning Co Ltd</name>
        <lei>529900T77L2FV3FZ3U81</lei>
        <title>Li Ning Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG5496K1242"/>
          <ticker value="2331"/>
          <other otherDesc="SEDOL" value="B01JCK9"/>
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        <balance>134500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>1420497.00000000</valUSD>
        <pctVal>0.286337359999</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ASE Technology Holding Co Ltd</name>
        <lei>300300GO8QHPMV87NZ73</lei>
        <title>ASE Technology Holding Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0003711008"/>
          <ticker value="3711"/>
          <other otherDesc="SEDOL" value="BFXZDY1"/>
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        <balance>272000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>1196893.48000000</valUSD>
        <pctVal>0.241264373852</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</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>Grupo Bimbo SAB de CV</name>
        <lei>5493000RIXURZEBFEV60</lei>
        <title>Grupo Bimbo SAB de CV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MXP495211262"/>
          <ticker value="BIMBOA"/>
          <other otherDesc="SEDOL" value="2392471"/>
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        <balance>226156.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="19.90625000"/>
        <valUSD>519427.43000000</valUSD>
        <pctVal>0.104703831840</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Telkom Indonesia Persero Tbk P</name>
        <lei>529900M5SQZAOKV1PC81</lei>
        <title>Telkom Indonesia Persero Tbk PT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ID1000129000"/>
          <ticker value="TLKM"/>
          <other otherDesc="SEDOL" value="BD4T6W7"/>
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        <balance>1896700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="14462.50000000"/>
        <valUSD>425162.30000000</valUSD>
        <pctVal>0.085702293319</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</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>Saudi Telecom Co</name>
        <lei>21380028ATJ79OTA9W17</lei>
        <title>Saudi Telecom Co</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA0007879543"/>
          <ticker value="STC"/>
          <other otherDesc="SEDOL" value="B12M7Q5"/>
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        <balance>13558.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75040000"/>
        <valUSD>483993.80000000</valUSD>
        <pctVal>0.097561280979</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Formosa Plastics Corp</name>
        <lei>254900KM6G17UTG1QN82</lei>
        <title>Formosa Plastics Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0001301000"/>
          <ticker value="1301"/>
          <other otherDesc="SEDOL" value="6348544"/>
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        <balance>174000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>622409.88000000</valUSD>
        <pctVal>0.125462568295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</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>BEIJING ENT</name>
        <lei>529900896ODARUEY2V26</lei>
        <title>Beijing Enterprises Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0392044647"/>
          <ticker value="392"/>
          <other otherDesc="SEDOL" value="6081690"/>
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        <balance>72500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>225513.30000000</valUSD>
        <pctVal>0.045457950961</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Samsung Electro-Mechanics Co L</name>
        <lei>N/A</lei>
        <title>Samsung Electro-Mechanics Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7009150004"/>
          <ticker value="009150"/>
          <other otherDesc="SEDOL" value="6771689"/>
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        <balance>2887.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>482202.89000000</valUSD>
        <pctVal>0.097200277442</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FIT Hon Teng Ltd</name>
        <lei>3003001IDFNIKMGLFJ67</lei>
        <title>FIT Hon Teng Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG3R83K1037"/>
          <ticker value="6088"/>
          <other otherDesc="SEDOL" value="BYVSXD4"/>
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        <balance>970000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
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        <pctVal>0.041871491858</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Grupo Televisa SAB</name>
        <lei>549300O4AF0C816ILN62</lei>
        <title>Grupo Televisa SAB</title>
        <cusip>40049J206</cusip>
        <identifiers>
          <isin value="US40049J2069"/>
          <ticker value="TV"/>
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        <balance>150981.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2045792.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Info Edge India Ltd</name>
        <lei>335800MXUVHTBF9DEC78</lei>
        <title>Info Edge India Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE663F01024"/>
          <ticker value="INFOE"/>
          <other otherDesc="SEDOL" value="B1685L0"/>
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        <balance>4432.00000000</balance>
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        <pctVal>0.062756781430</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hundsun Technologies Inc</name>
        <lei>3003003LS77D1DRDDE25</lei>
        <title>Hundsun Technologies Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE000001GD5"/>
          <ticker value="600570"/>
          <other otherDesc="SEDOL" value="BP3R6B5"/>
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        <balance>46176.00000000</balance>
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        <pctVal>0.080495957559</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cipla Ltd/India</name>
        <lei>335800KMJJYEDDK82Q34</lei>
        <title>Cipla Ltd/India</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE059A01026"/>
          <ticker value="CIPLA"/>
          <other otherDesc="SEDOL" value="B011108"/>
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        <balance>53301.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TINGYI</name>
        <lei>5299009MPI9B60VN4P25</lei>
        <title>Tingyi Cayman Islands Holding Corp</title>
        <cusip>000000000</cusip>
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          <isin value="KYG8878S1030"/>
          <ticker value="322"/>
          <other otherDesc="SEDOL" value="6903556"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TENCENT HOLDINGS LTD</name>
        <lei>254900N4SLUMW4XUYY11</lei>
        <title>TENCENT HOLDINGS LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG875721634"/>
          <ticker value="700"/>
          <other otherDesc="SEDOL" value="BMMV2K8"/>
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        <balance>312900.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
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        <pctVal>3.803813764887</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CMS</name>
        <lei>529900Z57DVJXUBLHX66</lei>
        <title>China Medical System Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG211081248"/>
          <ticker value="867"/>
          <other otherDesc="SEDOL" value="B6WY993"/>
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        <balance>161000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>326959.74000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Poya International Co Ltd</name>
        <lei>N/A</lei>
        <title>Poya International Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0005904007"/>
          <ticker value="5904"/>
          <other otherDesc="SEDOL" value="6541826"/>
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        <balance>124667.00000000</balance>
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        <pctVal>0.537327891707</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</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>Sime Darby Bhd</name>
        <lei>N/A</lei>
        <title>Sime Darby Bhd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL4197OO009"/>
          <ticker value="SIME"/>
          <other otherDesc="SEDOL" value="B29TTR1"/>
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        <balance>555800.00000000</balance>
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        <pctVal>0.057081448071</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <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>DEUTSCHE BANK SECURITIES INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>DEUTSCHE BANK SEC INC</title>
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          <other otherDesc="INTERNAL" value="9059360032"/>
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        <balance>228221.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>228221.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <transCat>Repurchase</transCat>
          <clearedCentCparty centralCounterparty="DEUTSCHE BANK SECURITIES INC." isCleared="Y"/>
          <isTriParty>Y</isTriParty>
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            <repurchaseCollateral>
              <principalAmt>234490.00264900</principalAmt>
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              <collateralVal>232785.76255287</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>ADAS</invstCat>
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          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="228221.00000000" isCashCollateral="Y"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Tencent Music Entertainment Gr</name>
        <lei>213800XTZK2GOHQTYK41</lei>
        <title>Tencent Music Entertainment Group</title>
        <cusip>88034P109</cusip>
        <identifiers>
          <isin value="US88034P1093"/>
          <ticker value="TME"/>
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        <balance>17995.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>190207.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hyundai Mobis Co Ltd</name>
        <lei>988400HJA9E0ZVDHRS65</lei>
        <title>Hyundai Mobis Co Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="KR7012330007"/>
          <ticker value="012330"/>
          <other otherDesc="SEDOL" value="6449544"/>
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        <balance>4218.00000000</balance>
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        <pctVal>0.197541844626</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Anhui Conch Cement Co Ltd</name>
        <lei>300300JVKW56SSAEQZ33</lei>
        <title>Anhui Conch Cement Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000001W2"/>
          <ticker value="914"/>
          <other otherDesc="SEDOL" value="6080396"/>
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        <balance>239000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>1143114.38000000</valUSD>
        <pctVal>0.230423826130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kweichow Moutai Co Ltd</name>
        <lei>N/A</lei>
        <title>Kweichow Moutai Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE0000018R8"/>
          <ticker value="600519"/>
          <other otherDesc="SEDOL" value="6414832"/>
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        <balance>26200.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.45630000"/>
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        <pctVal>1.375558912781</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Micro-Star International Co Lt</name>
        <lei>254900F4E0BDGJSSD870</lei>
        <title>Micro-Star International Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002377009"/>
          <ticker value="2377"/>
          <other otherDesc="SEDOL" value="6133450"/>
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        <balance>79000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>419706.05000000</valUSD>
        <pctVal>0.084602447124</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Korea Zinc Co Ltd</name>
        <lei>988400D0HSQUB1I1VO41</lei>
        <title>Korea Zinc Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7010130003"/>
          <ticker value="010130"/>
          <other otherDesc="SEDOL" value="6495428"/>
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        <balance>1120.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
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        <pctVal>0.107482856181</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAMSUNG ELECTRONICS CO LTD</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>SAMSUNG ELECTR-GDR</title>
        <cusip>796050888</cusip>
        <identifiers>
          <isin value="US7960508882"/>
          <ticker value="SMSN"/>
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        <balance>94.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>161086.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>New Oriental Education &amp; Techn</name>
        <lei>529900NHZVBZQZ8EKN29</lei>
        <title>New Oriental Education &amp; Technology Group Inc</title>
        <cusip>647581107</cusip>
        <identifiers>
          <isin value="US6475811070"/>
          <ticker value="EDU"/>
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        <balance>21775.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>47251.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OneConnect Financial Technolog</name>
        <lei>N/A</lei>
        <title>OneConnect Financial Technology Co Ltd</title>
        <cusip>68248T105</cusip>
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          <isin value="US68248T1051"/>
          <ticker value="OCFT"/>
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        <balance>77600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>615368.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Zhihu Inc</name>
        <lei>N/A</lei>
        <title>Zhihu Inc</title>
        <cusip>98955N108</cusip>
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          <isin value="US98955N1081"/>
          <ticker value="ZH"/>
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        <balance>4000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>36920.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NCSoft Corp</name>
        <lei>N/A</lei>
        <title>NCSoft Corp</title>
        <cusip>000000000</cusip>
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          <isin value="KR7036570000"/>
          <ticker value="036570"/>
          <other otherDesc="SEDOL" value="6264189"/>
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        <balance>291.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Prosus NV</name>
        <lei>635400Z5LQ5F9OLVT688</lei>
        <title>Prosus NV</title>
        <cusip>000000000</cusip>
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          <isin value="NL0013654783"/>
          <ticker value="PRX"/>
          <other otherDesc="SEDOL" value="BJDS7L3"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Commercial International Bank</name>
        <lei>213800FIIXJAMEVRIH48</lei>
        <title>Commercial International Bank Egypt SAE</title>
        <cusip>000000000</cusip>
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          <isin value="EGS60121C018"/>
          <ticker value="COMI"/>
          <other otherDesc="SEDOL" value="6243898"/>
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        <assetCat>EC</assetCat>
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        <invCountry>EG</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cresud SACIF y A</name>
        <lei>529900OJF9C0NUFNN613</lei>
        <title>Cresud SACIF y A</title>
        <cusip>226406106</cusip>
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          <isin value="US2264061068"/>
          <ticker value="CRESY"/>
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        <balance>35390.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>AR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Astra International Tbk PT</name>
        <lei>529900L49TRJOMG4DK47</lei>
        <title>Astra International Tbk PT</title>
        <cusip>000000000</cusip>
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          <isin value="ID1000122807"/>
          <ticker value="ASII"/>
          <other otherDesc="SEDOL" value="B800MQ5"/>
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        <invCountry>ID</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>iQIYI Inc</name>
        <lei>222100XL8T2Q5B8MS302</lei>
        <title>iQIYI Inc</title>
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          <ticker value="IQ"/>
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      <invstOrSec>
        <name>Vale SA</name>
        <lei>254900SMTWBX7RU2SR20</lei>
        <title>Vale SA</title>
        <cusip>000000000</cusip>
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          <ticker value="VALE3"/>
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        <assetCat>EC</assetCat>
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        <invCountry>BR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Chunghwa Telecom Co Ltd</name>
        <lei>N/A</lei>
        <title>Chunghwa Telecom Co Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="TW0002412004"/>
          <ticker value="2412"/>
          <other otherDesc="SEDOL" value="6287841"/>
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        <assetCat>EC</assetCat>
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        <invCountry>TW</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Capitec Bank Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Capitec Bank Holdings Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="ZAE000035861"/>
          <ticker value="CPI"/>
          <other otherDesc="SEDOL" value="6440859"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Larsen &amp; Toubro Infotech Ltd</name>
        <lei>335800DY1I1WFHVV6T22</lei>
        <title>Larsen &amp; Toubro Infotech Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="INE214T01019"/>
          <ticker value="LTI"/>
          <other otherDesc="SEDOL" value="BD6F8V6"/>
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        <balance>3771.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Industries Qatar QSC</name>
        <lei>N/A</lei>
        <title>Industries Qatar QSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="QA000A0KD6K3"/>
          <ticker value="IQCD"/>
          <other otherDesc="SEDOL" value="6673570"/>
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        <balance>106333.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>QA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA POWER</name>
        <lei>529900MDOW3M0UV2ST42</lei>
        <title>China Power International Development Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK2380027329"/>
          <ticker value="2380"/>
          <other otherDesc="SEDOL" value="B02ZKQ8"/>
        </identifiers>
        <balance>1332000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>304943.61000000</valUSD>
        <pctVal>0.061469153568</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HAITIAN INT'L</name>
        <lei>30030093DDRS825TVP62</lei>
        <title>Haitian International Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG4232C1087"/>
          <ticker value="1882"/>
          <other otherDesc="SEDOL" value="B1L2RC2"/>
        </identifiers>
        <balance>74000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>270912.28000000</valUSD>
        <pctVal>0.054609271998</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA MER PORT</name>
        <lei>529900GA4UH90FUOR048</lei>
        <title>China Merchants Port Holdings Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0144000764"/>
          <ticker value="144"/>
          <other otherDesc="SEDOL" value="6416139"/>
        </identifiers>
        <balance>185707.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>258760.16000000</valUSD>
        <pctVal>0.052159702616</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Inventec Corp</name>
        <lei>391200XSJU5WEVAXB086</lei>
        <title>Inventec Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002356003"/>
          <ticker value="2356"/>
          <other otherDesc="SEDOL" value="6459930"/>
        </identifiers>
        <balance>403000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>338613.08000000</valUSD>
        <pctVal>0.068256093035</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Formosa Chemicals &amp; Fibre Corp</name>
        <lei>254900OJX8UZOAIVSU82</lei>
        <title>Formosa Chemicals &amp; Fibre Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0001326007"/>
          <ticker value="1326"/>
          <other otherDesc="SEDOL" value="6348715"/>
        </identifiers>
        <balance>175000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>515320.59000000</valUSD>
        <pctVal>0.103875993609</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Richter Gedeon Nyrt</name>
        <lei>549300J6ZJW5IH4WEE46</lei>
        <title>Richter Gedeon Nyrt</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HU0000123096"/>
          <ticker value="RICHT"/>
          <other otherDesc="SEDOL" value="BC9ZH86"/>
        </identifiers>
        <balance>16659.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HUF" exchangeRt="302.40675000"/>
        <valUSD>457051.27000000</valUSD>
        <pctVal>0.092130327650</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Itau Unibanco Holding SA</name>
        <lei>5493002W2IVG62O3ZJ94</lei>
        <title>Itau Unibanco Holding SA</title>
        <cusip>465562106</cusip>
        <identifiers>
          <isin value="US4655621062"/>
          <ticker value="ITUB"/>
        </identifiers>
        <balance>275354.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1588792.58000000</valUSD>
        <pctVal>0.320261621773</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Petronas Chemicals Group Bhd</name>
        <lei>N/A</lei>
        <title>Petronas Chemicals Group Bhd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL5183OO008"/>
          <ticker value="PCHEM"/>
          <other otherDesc="SEDOL" value="B5KQGT3"/>
        </identifiers>
        <balance>212400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.22000000"/>
        <valUSD>404686.17000000</valUSD>
        <pctVal>0.081574807652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Divi's Laboratories Ltd</name>
        <lei>335800C1DHFG1C9T1M03</lei>
        <title>Divi's Laboratories Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE361B01024"/>
          <ticker value="DIVI"/>
          <other otherDesc="SEDOL" value="6602518"/>
        </identifiers>
        <balance>4715.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>311060.42000000</valUSD>
        <pctVal>0.062702152460</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA RES POWER</name>
        <lei>529900K60FC0AI053735</lei>
        <title>China Resources Power Holdings Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0836012952"/>
          <ticker value="836"/>
          <other otherDesc="SEDOL" value="6711566"/>
        </identifiers>
        <balance>306000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>527527.75000000</valUSD>
        <pctVal>0.106336657706</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WuXi AppTec Co Ltd</name>
        <lei>254900OEPQLZSPLN9175</lei>
        <title>WuXi AppTec Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100003F19"/>
          <ticker value="2359"/>
          <other otherDesc="SEDOL" value="BGHH0L6"/>
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        <balance>11760.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>260664.01000000</valUSD>
        <pctVal>0.052543472087</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NetEase Inc</name>
        <lei>5299004AF4DSJDB0PA32</lei>
        <title>NetEase Inc</title>
        <cusip>64110W102</cusip>
        <identifiers>
          <isin value="US64110W1027"/>
          <ticker value="NTES"/>
        </identifiers>
        <balance>20041.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2048390.61000000</valUSD>
        <pctVal>0.412905313784</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United Microelectronics Corp</name>
        <lei>391200YJCAGH9LF96P73</lei>
        <title>United Microelectronics Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002303005"/>
          <ticker value="2303"/>
          <other otherDesc="SEDOL" value="6916628"/>
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        <balance>841000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>1758655.44000000</valUSD>
        <pctVal>0.354501808760</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>B3 SA - Brasil Bolsa Balcao</name>
        <lei>4GTK5S46E6H318LMDS44</lei>
        <title>B3 SA - Brasil Bolsa Balcao</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRB3SAACNOR6"/>
          <ticker value="B3SA3"/>
          <other otherDesc="SEDOL" value="BG36ZK1"/>
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        <balance>199466.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.20825000"/>
        <valUSD>586726.66000000</valUSD>
        <pctVal>0.118269706212</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Humansoft Holding Co KSC</name>
        <lei>N/A</lei>
        <title>Humansoft Holding Co KSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KW0EQ0601694"/>
          <ticker value="HUMANSFT"/>
          <other otherDesc="SEDOL" value="B13BYX7"/>
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        <balance>76455.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KWD" exchangeRt="0.30045000"/>
        <valUSD>904978.33000000</valUSD>
        <pctVal>0.182421438319</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ambev SA</name>
        <lei>549300TH5Q6VRP8OT012</lei>
        <title>Ambev SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRABEVACNOR1"/>
          <ticker value="ABEV3"/>
          <other otherDesc="SEDOL" value="BG7ZWY7"/>
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        <balance>95342.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.20825000"/>
        <valUSD>305160.30000000</valUSD>
        <pctVal>0.061512832958</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PTT Exploration &amp; Production P</name>
        <lei>2549001O8YYGP5N7Q076</lei>
        <title>PTT Exploration &amp; Production PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0355A10Z12"/>
          <ticker value="PTTEP/F"/>
          <other otherDesc="SEDOL" value="B1359J0"/>
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        <balance>60900.00000000</balance>
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        <currencyConditional curCd="THB" exchangeRt="32.86750000"/>
        <valUSD>190733.44000000</valUSD>
        <pctVal>0.038447184100</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>China Mengniu Dairy Co Ltd</name>
        <lei>2549005Q343BSJ8RSS21</lei>
        <title>China Mengniu Dairy Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG210961051"/>
          <ticker value="2319"/>
          <other otherDesc="SEDOL" value="B01B1L9"/>
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        <balance>56000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>304047.19000000</valUSD>
        <pctVal>0.061288457279</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>A-Living Smart City Services C</name>
        <lei>3003007MSHCO6ZTTSZ09</lei>
        <title>A-Living Smart City Services Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100002RY5"/>
          <ticker value="3319"/>
          <other otherDesc="SEDOL" value="BFWK4M2"/>
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        <balance>1056750.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>4030624.53000000</valUSD>
        <pctVal>0.812475061242</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fleury SA</name>
        <lei>N/A</lei>
        <title>Fleury SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRFLRYACNOR5"/>
          <ticker value="FLRY3"/>
          <other otherDesc="SEDOL" value="B4X4D29"/>
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        <balance>365000.00000000</balance>
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        <currencyConditional curCd="BRL" exchangeRt="5.20825000"/>
        <valUSD>1645504.73000000</valUSD>
        <pctVal>0.331693400446</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Voltas Ltd</name>
        <lei>335800VVTQSSZ7NV7F51</lei>
        <title>Voltas Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE226A01021"/>
          <ticker value="VOLT"/>
          <other otherDesc="SEDOL" value="B1FCQX2"/>
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        <balance>15037.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>214373.67000000</valUSD>
        <pctVal>0.043212474733</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wuliangye Yibin Co Ltd</name>
        <lei>N/A</lei>
        <title>Wuliangye Yibin Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE000000VQ8"/>
          <ticker value="000858"/>
          <other otherDesc="SEDOL" value="BD5CPG2"/>
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        <balance>264500.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.45630000"/>
        <valUSD>9076742.07000000</valUSD>
        <pctVal>1.829648610112</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tata Power Co Ltd/The</name>
        <lei>335800H5R3TGTJ7LQ663</lei>
        <title>Tata Power Co Ltd/The</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE245A01021"/>
          <ticker value="TPWR"/>
          <other otherDesc="SEDOL" value="B6Z1L73"/>
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        <balance>231998.00000000</balance>
        <units>NS</units>
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        <valUSD>390578.91000000</valUSD>
        <pctVal>0.078731129992</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Agesa Hayat ve Emeklilik AS</name>
        <lei>78900039UA9CL3ISP888</lei>
        <title>Agesa Hayat ve Emeklilik AS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TRECUHE00018"/>
          <ticker value="AVISA"/>
          <other otherDesc="SEDOL" value="BSJCWP1"/>
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        <balance>180319.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="8.42600000"/>
        <valUSD>388477.08000000</valUSD>
        <pctVal>0.078307452608</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</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>Havells India Ltd</name>
        <lei>549300U1LOGHTTNT7D47</lei>
        <title>Havells India Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE176B01034"/>
          <ticker value="HAVL"/>
          <other otherDesc="SEDOL" value="BQGZWP9"/>
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        <balance>13903.00000000</balance>
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        <valUSD>219677.80000000</valUSD>
        <pctVal>0.044281657266</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Asian Paints Ltd</name>
        <lei>335800HEHXGYRUNERD75</lei>
        <title>Asian Paints Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE021A01026"/>
          <ticker value="APNT"/>
          <other otherDesc="SEDOL" value="BCRWL65"/>
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        <balance>7250.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>288465.55000000</valUSD>
        <pctVal>0.058147580767</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HDFC BANK LTDDR</name>
        <lei>335800ZQ6I4E2JXENC50</lei>
        <title>HDFC BANK LTDDR</title>
        <cusip>40415F101</cusip>
        <identifiers>
          <isin value="US40415F1012"/>
          <ticker value="HDB"/>
        </identifiers>
        <balance>47700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3366189.00000000</valUSD>
        <pctVal>0.678541152511</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TIM SA/Brazil</name>
        <lei>N/A</lei>
        <title>TIM SA/Brazil</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRTIMSACNOR5"/>
          <ticker value="TIMS3"/>
          <other otherDesc="SEDOL" value="BN71RB6"/>
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        <balance>205376.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.20825000"/>
        <valUSD>447168.21000000</valUSD>
        <pctVal>0.090138145118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KB LAMINATES</name>
        <lei>529900B76JV9QCZINB33</lei>
        <title>Kingboard Laminates Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG5257K1076"/>
          <ticker value="1888"/>
          <other otherDesc="SEDOL" value="B1HHFV6"/>
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        <balance>137000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>274813.17000000</valUSD>
        <pctVal>0.055395595760</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LG Chem Ltd</name>
        <lei>988400IES4EIG7O06940</lei>
        <title>LG Chem Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7051910008"/>
          <ticker value="051910"/>
          <other otherDesc="SEDOL" value="6346913"/>
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        <balance>7295.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>5358205.58000000</valUSD>
        <pctVal>1.080082844322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Novatek Microelectronics Corp</name>
        <lei>N/A</lei>
        <title>Novatek Microelectronics Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0003034005"/>
          <ticker value="3034"/>
          <other otherDesc="SEDOL" value="6346333"/>
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        <balance>100000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>1839532.57000000</valUSD>
        <pctVal>0.370804654798</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ANTA Sports Products Ltd</name>
        <lei>529900291XG0CTK4LF95</lei>
        <title>ANTA Sports Products Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG040111059"/>
          <ticker value="2020"/>
          <other otherDesc="SEDOL" value="B1YVKN8"/>
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        <balance>12000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>261256.44000000</valUSD>
        <pctVal>0.052662891447</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GAIL India Ltd</name>
        <lei>335800N82LJD42ZA5L32</lei>
        <title>GAIL India Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE129A01019"/>
          <ticker value="GAIL"/>
          <other otherDesc="SEDOL" value="6133405"/>
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        <balance>388542.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>729429.70000000</valUSD>
        <pctVal>0.147035139534</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Mahindra &amp; Mahindra Ltd</name>
        <lei>3358003B573EV4KB4Z02</lei>
        <title>Mahindra &amp; Mahindra Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE101A01026"/>
          <ticker value="MM"/>
          <other otherDesc="SEDOL" value="6100186"/>
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        <balance>19990.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>200094.97000000</valUSD>
        <pctVal>0.040334238973</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Housing Development Finance Co</name>
        <lei>335800OX2H9AP7NHLT64</lei>
        <title>Housing Development Finance Corp Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE001A01036"/>
          <ticker value="HDFC"/>
          <other otherDesc="SEDOL" value="6171900"/>
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        <balance>8179.00000000</balance>
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        <pctVal>0.054274128579</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HCL Technologies Ltd</name>
        <lei>549300C1F8OLYSOQYB65</lei>
        <title>HCL Technologies Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE860A01027"/>
          <ticker value="HCLT"/>
          <other otherDesc="SEDOL" value="6294896"/>
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        <balance>47261.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>651696.49000000</valUSD>
        <pctVal>0.131366030669</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Guangdong Investment Ltd</name>
        <lei>N/A</lei>
        <title>Guangdong Investment Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0270001396"/>
          <ticker value="270"/>
          <other otherDesc="SEDOL" value="6913168"/>
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        <balance>168000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>235079.41000000</valUSD>
        <pctVal>0.047386244145</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LG Display Co Ltd</name>
        <lei>988400P37K91W0SABO95</lei>
        <title>LG Display Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7034220004"/>
          <ticker value="034220"/>
          <other otherDesc="SEDOL" value="B01VZN9"/>
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        <balance>18763.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Surgutneftegas PJSC</name>
        <lei>2138002GZLU65FRAC894</lei>
        <title>Surgutneftegas PJSC</title>
        <cusip>000000000</cusip>
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          <isin value="RU0009029524"/>
          <ticker value="SNGSP"/>
          <other otherDesc="SEDOL" value="B5BHR47"/>
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        <balance>328632.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Oil &amp; Natural Gas Corp Ltd</name>
        <lei>335800FPDZ9MRSNO7N41</lei>
        <title>Oil &amp; Natural Gas Corp Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE213A01029"/>
          <ticker value="ONGC"/>
          <other otherDesc="SEDOL" value="6139362"/>
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        <balance>294847.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Asia Cement Corp</name>
        <lei>213800EFQXH43HMGJL59</lei>
        <title>Asia Cement Corp</title>
        <cusip>000000000</cusip>
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          <isin value="TW0001102002"/>
          <ticker value="1102"/>
          <other otherDesc="SEDOL" value="6056331"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Infracommerce CXAAS SA</name>
        <lei>N/A</lei>
        <title>Infracommerce CXAAS SA</title>
        <cusip>000000000</cusip>
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          <isin value="BRIFCMACNOR8"/>
          <ticker value="IFCM3"/>
          <other otherDesc="SEDOL" value="BMDWXD0"/>
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        <balance>38700.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>China Lesso Group Holdings Ltd</name>
        <lei>N/A</lei>
        <title>China Lesso Group Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG2157Q1029"/>
          <ticker value="2128"/>
          <other otherDesc="SEDOL" value="BCDBKF8"/>
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        <balance>108000.00000000</balance>
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        <valUSD>225515.37000000</valUSD>
        <pctVal>0.045458368222</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Rostelecom PJSC</name>
        <lei>2534001D752JPNM0H170</lei>
        <title>Rostelecom PJSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="RU0008943394"/>
          <ticker value="RTKM"/>
          <other otherDesc="SEDOL" value="B58ZLT7"/>
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        <balance>149111.00000000</balance>
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        <currencyConditional curCd="RUB" exchangeRt="73.14375000"/>
        <valUSD>189686.57000000</valUSD>
        <pctVal>0.038236160781</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</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>Indraprastha Gas Ltd</name>
        <lei>33580033VPD8D168H736</lei>
        <title>Indraprastha Gas Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE203G01027"/>
          <ticker value="IGL"/>
          <other otherDesc="SEDOL" value="BD9PXD0"/>
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        <balance>37051.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>278181.55000000</valUSD>
        <pctVal>0.056074578564</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHINHAN FINANCIAL GROUP CO LTD</name>
        <lei>988400EB8A6G49E5KO54</lei>
        <title>SHINHAN FINANCIAL GROUP LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7055550008"/>
          <ticker value="055550"/>
          <other otherDesc="SEDOL" value="6397502"/>
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        <balance>9585.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>324866.12000000</valUSD>
        <pctVal>0.065485043019</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PING AN</name>
        <lei>529900M9MC28JLN35U89</lei>
        <title>Ping An Insurance Group Co of China Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000003X6"/>
          <ticker value="2318"/>
          <other otherDesc="SEDOL" value="B01FLR7"/>
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        <balance>324000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>2835273.61000000</valUSD>
        <pctVal>0.571521629657</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hana Financial Group Inc</name>
        <lei>N/A</lei>
        <title>Hana Financial Group Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7086790003"/>
          <ticker value="086790"/>
          <other otherDesc="SEDOL" value="B0RNRF5"/>
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        <balance>7444.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>280852.06000000</valUSD>
        <pctVal>0.056612887891</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Far East Horizon Ltd</name>
        <lei>549300S9XRGO1ZPUHE62</lei>
        <title>Far East Horizon Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0000077468"/>
          <ticker value="3360"/>
          <other otherDesc="SEDOL" value="B63DLB5"/>
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        <balance>228000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>243222.69000000</valUSD>
        <pctVal>0.049027729693</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sok Marketler Ticaret AS</name>
        <lei>7890005KB5WP0KUURR88</lei>
        <title>Sok Marketler Ticaret AS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TRESOKM00022"/>
          <ticker value="SOKM"/>
          <other otherDesc="SEDOL" value="BFZCT20"/>
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        <balance>751810.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="8.42600000"/>
        <valUSD>1022346.05000000</valUSD>
        <pctVal>0.206079892434</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <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>Vamos Locacao de Caminhoes Maquinas e Equipamentos SA</name>
        <lei>N/A</lei>
        <title>Vamos Locacao de Caminhoes Maquinas e Equipamentos SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRVAMOACNOR7"/>
          <ticker value="VAMO3"/>
          <other otherDesc="SEDOL" value="BJLSQZ2"/>
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        <balance>208000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.20825000"/>
        <valUSD>2914176.55000000</valUSD>
        <pctVal>0.587426527404</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CSPC Pharmaceutical Group Ltd</name>
        <lei>529900M3XQCW234H8O91</lei>
        <title>CSPC Pharmaceutical Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK1093012172"/>
          <ticker value="1093"/>
          <other otherDesc="SEDOL" value="6191997"/>
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        <balance>248800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>335839.90000000</valUSD>
        <pctVal>0.067697087954</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Phoenix Mills Ltd/The</name>
        <lei>33580037PCXCE5PNQU51</lei>
        <title>Phoenix Mills Ltd/The</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE211B01039"/>
          <ticker value="PHNX"/>
          <other otherDesc="SEDOL" value="B0SXY97"/>
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        <balance>105465.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>1227730.35000000</valUSD>
        <pctVal>0.247480330623</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hyundai Engineering &amp; Construc</name>
        <lei>988400CEQG9N710HN313</lei>
        <title>Hyundai Engineering &amp; Construction Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7000720003"/>
          <ticker value="000720"/>
          <other otherDesc="SEDOL" value="6450988"/>
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        <balance>8090.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>385311.33000000</valUSD>
        <pctVal>0.077669315042</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Vasta Platform Ltd</name>
        <lei>N/A</lei>
        <title>Vasta Platform Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG9440A1094"/>
          <ticker value="VSTA"/>
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        <balance>88804.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>625180.16000000</valUSD>
        <pctVal>0.126020988807</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COSCO SHIPPING Ports Ltd</name>
        <lei>5299008QX6KA3JHWK507</lei>
        <title>COSCO SHIPPING Ports Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG2442N1048"/>
          <ticker value="1199"/>
          <other otherDesc="SEDOL" value="6354251"/>
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        <balance>424000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>302590.15000000</valUSD>
        <pctVal>0.060994753746</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <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>
        <name>Standard Bank Group Ltd</name>
        <lei>2549003PEZXUT7MDBU41</lei>
        <title>Standard Bank Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000109815"/>
          <ticker value="SBK"/>
          <other otherDesc="SEDOL" value="B030GJ7"/>
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        <balance>34093.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="14.65125000"/>
        <valUSD>287338.97000000</valUSD>
        <pctVal>0.057920489867</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</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>BRILLIANCE CHI</name>
        <lei>5299005WPCSQN14NBM26</lei>
        <title>Brilliance China Automotive Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG1368B1028"/>
          <ticker value="1114"/>
          <other otherDesc="SEDOL" value="6181482"/>
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        <balance>256000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>168335.45000000</valUSD>
        <pctVal>0.033932298587</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BeiGene Ltd</name>
        <lei>549300JFUK6FRD5MH739</lei>
        <title>BeiGene Ltd</title>
        <cusip>07725L102</cusip>
        <identifiers>
          <isin value="US07725L1026"/>
          <ticker value="BGNE"/>
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        <balance>3347.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1059626.73000000</valUSD>
        <pctVal>0.213594763278</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Severstal PAO</name>
        <lei>213800OKDPTV6K4ONO53</lei>
        <title>Severstal PAO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="RU0009046510"/>
          <ticker value="CHMF"/>
          <other otherDesc="SEDOL" value="B5B9C59"/>
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        <balance>18428.00000000</balance>
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        <currencyConditional curCd="RUB" exchangeRt="73.14375000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SHENZHOU INTL</name>
        <lei>529900B4W41TCUKJFM73</lei>
        <title>Shenzhou International Group Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG8087W1015"/>
          <ticker value="2313"/>
          <other otherDesc="SEDOL" value="B0MP1B0"/>
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        <balance>42600.00000000</balance>
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        <valUSD>945433.78000000</valUSD>
        <pctVal>0.190576264940</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bajaj Auto Ltd</name>
        <lei>335800DLAO5NCNN8G863</lei>
        <title>Bajaj Auto Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE917I01010"/>
          <ticker value="BJAUT"/>
          <other otherDesc="SEDOL" value="B2QKXW0"/>
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        <balance>6755.00000000</balance>
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        <valUSD>348147.06000000</valUSD>
        <pctVal>0.070177909599</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAMSUNG ELECTRONICS CO LTD</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>SAMSUNG ELECTRONICS-PREF</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7005931001"/>
          <ticker value="005935"/>
          <other otherDesc="SEDOL" value="6773812"/>
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        <balance>108589.00000000</balance>
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        <valUSD>6816772.02000000</valUSD>
        <pctVal>1.374094069839</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ALI HEALTH</name>
        <lei>529900GE9653COPX1I86</lei>
        <title>Alibaba Health Information Technology Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG0171K1018"/>
          <ticker value="241"/>
          <other otherDesc="SEDOL" value="BRXVS60"/>
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        <balance>1362000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>2122823.82000000</valUSD>
        <pctVal>0.427909223576</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Movida Participacoes SA</name>
        <lei>N/A</lei>
        <title>Movida Participacoes SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRMOVIACNOR0"/>
          <ticker value="MOVI3"/>
          <other otherDesc="SEDOL" value="BD448C6"/>
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        <balance>500000.00000000</balance>
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        <valUSD>2155234.48000000</valUSD>
        <pctVal>0.434442417817</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Equatorial Energia SA</name>
        <lei>N/A</lei>
        <title>Equatorial Energia SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BREQTLACNOR0"/>
          <ticker value="EQTL3"/>
          <other otherDesc="SEDOL" value="B128R96"/>
        </identifiers>
        <balance>65134.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.20825000"/>
        <valUSD>302643.46000000</valUSD>
        <pctVal>0.061005499735</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eicher Motors Ltd</name>
        <lei>25490059S64CN2OY7239</lei>
        <title>Eicher Motors Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE066A01021"/>
          <ticker value="EIM"/>
          <other otherDesc="SEDOL" value="BMW4CV8"/>
        </identifiers>
        <balance>6370.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>216957.83000000</valUSD>
        <pctVal>0.043733378017</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eregli Demir ve Celik Fabrikal</name>
        <lei>789000VYQF5IDGG49908</lei>
        <title>Eregli Demir ve Celik Fabrikalari TAS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TRAEREGL91G3"/>
          <ticker value="EREGL"/>
          <other otherDesc="SEDOL" value="B03MS97"/>
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        <balance>149121.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="8.42600000"/>
        <valUSD>354250.69000000</valUSD>
        <pctVal>0.071408251726</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <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>Alibaba Group Holding Ltd</name>
        <lei>5493001NTNQJDH60PM02</lei>
        <title>Alibaba Group Holding Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG017191142"/>
          <ticker value="9988"/>
          <other otherDesc="SEDOL" value="BK6YZP5"/>
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        <balance>202700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>4950492.45000000</valUSD>
        <pctVal>0.997897875764</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ITC Ltd</name>
        <lei>335800WLOU3OFWFTMP43</lei>
        <title>ITC Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE154A01025"/>
          <ticker value="ITC"/>
          <other otherDesc="SEDOL" value="B0JGGP5"/>
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        <balance>78573.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>216648.19000000</valUSD>
        <pctVal>0.043670962186</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hyundai Glovis Co Ltd</name>
        <lei>988400U6RDXNJ5ZRN304</lei>
        <title>Hyundai Glovis Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7086280005"/>
          <ticker value="086280"/>
          <other otherDesc="SEDOL" value="B0V3XR5"/>
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        <balance>1918.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>325063.91000000</valUSD>
        <pctVal>0.065524912633</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tata Steel Ltd</name>
        <lei>335800E6C75YGSGD5T66</lei>
        <title>Tata Steel Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE081A01012"/>
          <ticker value="TATA"/>
          <other otherDesc="SEDOL" value="6101156"/>
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        <balance>45971.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>887850.87000000</valUSD>
        <pctVal>0.178968962404</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Delivery Hero SE</name>
        <lei>529900C3EX1FZGE48X78</lei>
        <title>Delivery Hero SE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000A2E4K43"/>
          <ticker value="DHER"/>
          <other otherDesc="SEDOL" value="BZCNB42"/>
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        <balance>32900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84299000"/>
        <valUSD>4918322.93000000</valUSD>
        <pctVal>0.991413289433</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CG SERVICES</name>
        <lei>549300P2JRKENZSEBB42</lei>
        <title>Country Garden Services Holdings Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG2453A1085"/>
          <ticker value="6098"/>
          <other otherDesc="SEDOL" value="BDQZP48"/>
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        <balance>28000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>227356.96000000</valUSD>
        <pctVal>0.045829587604</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Transaction Capital Ltd</name>
        <lei>213800LKDMT3FP3FQU40</lei>
        <title>Transaction Capital Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000167391"/>
          <ticker value="TCP"/>
          <other otherDesc="SEDOL" value="B7WF5R3"/>
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        <balance>865003.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="14.65125000"/>
        <valUSD>2125423.29000000</valUSD>
        <pctVal>0.428433212981</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Weichai Power Co Ltd</name>
        <lei>529900OKTPKBG85F9502</lei>
        <title>Weichai Power Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000004L9"/>
          <ticker value="2338"/>
          <other otherDesc="SEDOL" value="6743956"/>
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        <balance>203612.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>446273.57000000</valUSD>
        <pctVal>0.089957807634</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Larsen &amp; Toubro Ltd</name>
        <lei>3358003FR3JIC5FRXA90</lei>
        <title>Larsen &amp; Toubro Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE018A01030"/>
          <ticker value="LT"/>
          <other otherDesc="SEDOL" value="B0166K8"/>
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        <balance>12199.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>263233.24000000</valUSD>
        <pctVal>0.053061365849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RELIANCE INDUSTRIES LTD</name>
        <lei>5493003UOETFYRONLG31</lei>
        <title>RELIANCE INDUSTRIES LTD-PNOTE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE002A01018"/>
          <ticker value="RIL"/>
          <other otherDesc="SEDOL" value="6099626"/>
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        <balance>626513.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>17174027.28000000</valUSD>
        <pctVal>3.461862736713</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Naspers Ltd</name>
        <lei>21380044BQ8812EEKT59</lei>
        <title>Naspers Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000015889"/>
          <ticker value="NPN"/>
          <other otherDesc="SEDOL" value="6622691"/>
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        <balance>20502.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="14.65125000"/>
        <valUSD>3956482.25000000</valUSD>
        <pctVal>0.797529795803</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cleopatra Hospital</name>
        <lei>N/A</lei>
        <title>Cleopatra Hospital</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EGS729J1C018"/>
          <ticker value="CLHO"/>
          <other otherDesc="SEDOL" value="BYY7D05"/>
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        <balance>4203268.00000000</balance>
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        <currencyConditional curCd="EGP" exchangeRt="15.70500000"/>
        <valUSD>1278677.75000000</valUSD>
        <pctVal>0.257750077068</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Arcos Dorados Holdings Inc</name>
        <lei>54930023P2MIZN13DQ85</lei>
        <title>Arcos Dorados Holdings Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="VGG0457F1071"/>
          <ticker value="ARCO"/>
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        <balance>57786.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>350761.02000000</valUSD>
        <pctVal>0.070704819832</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>UY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COSCO SHIPPING Holdings Co Ltd</name>
        <lei>3003009XI0QGYYA29S17</lei>
        <title>COSCO SHIPPING Holdings Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000002J7"/>
          <ticker value="1919"/>
          <other otherDesc="SEDOL" value="B0B8Z18"/>
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        <balance>440100.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>663895.90000000</valUSD>
        <pctVal>0.133825132556</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BB Seguridade Participacoes SA</name>
        <lei>N/A</lei>
        <title>BB Seguridade Participacoes SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRBBSEACNOR5"/>
          <ticker value="BBSE3"/>
          <other otherDesc="SEDOL" value="B9N3SQ0"/>
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        <balance>48890.00000000</balance>
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        <currencyConditional curCd="BRL" exchangeRt="5.20825000"/>
        <valUSD>200506.96000000</valUSD>
        <pctVal>0.040417286054</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Shougang Fushan Resources Group Ltd</name>
        <lei>529900OPUNJYLOX4OL37</lei>
        <title>Shougang Fushan Resources Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0639031506"/>
          <ticker value="639"/>
          <other otherDesc="SEDOL" value="6354671"/>
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        <balance>826000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>208418.49000000</valUSD>
        <pctVal>0.042012056485</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <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>
        <name>Arcelik AS</name>
        <lei>789000748KTQCUMJ0R25</lei>
        <title>Arcelik AS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TRAARCLK91H5"/>
          <ticker value="ARCLK"/>
          <other otherDesc="SEDOL" value="B03MP18"/>
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        <balance>47263.00000000</balance>
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        <currencyConditional curCd="TRY" exchangeRt="8.42600000"/>
        <valUSD>185158.10000000</valUSD>
        <pctVal>0.037323332281</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <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>Bank of Georgia Group PLC</name>
        <lei>213800XKDG12NQG8VC53</lei>
        <title>Bank of Georgia Group PLC</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BF4HYT85"/>
          <ticker value="BGEO"/>
          <other otherDesc="SEDOL" value="BF4HYT8"/>
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        <balance>95572.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.71942000"/>
        <valUSD>1992688.55000000</valUSD>
        <pctVal>0.401677144483</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Intel Corp</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
        <title>Intel Corp</title>
        <cusip>458140100</cusip>
        <identifiers>
          <isin value="US4581401001"/>
          <ticker value="INTC"/>
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        <balance>31270.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1679824.40000000</valUSD>
        <pctVal>0.338611404289</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lemon Tree Hotels Ltd</name>
        <lei>335800QFBWIUBBCRJN72</lei>
        <title>Lemon Tree Hotels Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE970X01018"/>
          <ticker value="LEMONTRE"/>
          <other otherDesc="SEDOL" value="BF2LSQ7"/>
        </identifiers>
        <balance>815206.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>453243.94000000</valUSD>
        <pctVal>0.091362863290</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Qualitas Controladora SAB de C</name>
        <lei>N/A</lei>
        <title>Qualitas Controladora SAB de CV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MX01Q0000008"/>
          <ticker value="Q*"/>
          <other otherDesc="SEDOL" value="BYMXF65"/>
        </identifiers>
        <balance>466096.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="19.90625000"/>
        <valUSD>2264655.83000000</valUSD>
        <pctVal>0.456499078610</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Surgutneftegas PJSC</name>
        <lei>2138002GZLU65FRAC894</lei>
        <title>Surgutneftegas PJSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="RU0009029524"/>
          <ticker value="SNGSP"/>
          <other otherDesc="SEDOL" value="B5BHR47"/>
        </identifiers>
        <balance>324722.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>169505.16000000</valUSD>
        <pctVal>0.034168083438</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gazprom PJSC</name>
        <lei>213800FD9J2IHTA7YX78</lei>
        <title>Gazprom PJSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="RU0007661625"/>
          <ticker value="GAZP"/>
          <other otherDesc="SEDOL" value="B59L4L7"/>
        </identifiers>
        <balance>192901.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="73.14375000"/>
        <valUSD>751841.11000000</valUSD>
        <pctVal>0.151552730189</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Saudi Electricity Co</name>
        <lei>549300FXO4ZXUIAXGP41</lei>
        <title>Saudi Electricity Co</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA0007879550"/>
          <ticker value="SECO"/>
          <other otherDesc="SEDOL" value="B132NM2"/>
        </identifiers>
        <balance>42733.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75040000"/>
        <valUSD>295111.11000000</valUSD>
        <pctVal>0.059487162692</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Shenhua Energy Co Ltd</name>
        <lei>529900N9JOX4C108MA40</lei>
        <title>China Shenhua Energy Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000002R0"/>
          <ticker value="1088"/>
          <other otherDesc="SEDOL" value="B09N7M0"/>
        </identifiers>
        <balance>156000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>295186.51000000</valUSD>
        <pctVal>0.059502361483</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hindalco Industries Ltd</name>
        <lei>335800KXLE5NO5B4GF90</lei>
        <title>Hindalco Industries Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE038A01020"/>
          <ticker value="HNDL"/>
          <other otherDesc="SEDOL" value="B0GWF48"/>
        </identifiers>
        <balance>119461.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>715734.44000000</valUSD>
        <pctVal>0.144274510970</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NAVER Corp</name>
        <lei>988400ULUQYDB2HQYJ61</lei>
        <title>NAVER Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7035420009"/>
          <ticker value="035420"/>
          <other otherDesc="SEDOL" value="6560393"/>
        </identifiers>
        <balance>11523.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>4343038.17000000</valUSD>
        <pctVal>0.875449989668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dr Reddy's Laboratories Ltd</name>
        <lei>335800OVDPY3DVZR2798</lei>
        <title>Dr Reddy's Laboratories Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE089A01023"/>
          <ticker value="DRRD"/>
          <other otherDesc="SEDOL" value="6410959"/>
        </identifiers>
        <balance>7905.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>500907.01000000</valUSD>
        <pctVal>0.100970569349</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yandex NV</name>
        <lei>549300GGZHJ5Q1B18P93</lei>
        <title>Yandex NV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0009805522"/>
          <ticker value="YNDX"/>
        </identifiers>
        <balance>52281.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3551448.33000000</valUSD>
        <pctVal>0.715884890278</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UEM Sunrise Bhd</name>
        <lei>N/A</lei>
        <title>UEM Sunrise Bhd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL5148OO001"/>
          <ticker value="UEMS"/>
          <other otherDesc="SEDOL" value="B3FKMY3"/>
        </identifiers>
        <balance>399787.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.22000000"/>
        <valUSD>36473.46000000</valUSD>
        <pctVal>0.007352155088</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jarir Marketing Co</name>
        <lei>N/A</lei>
        <title>Jarir Marketing Co</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA000A0BLA62"/>
          <ticker value="JARIR"/>
          <other otherDesc="SEDOL" value="B128FM5"/>
        </identifiers>
        <balance>7749.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75040000"/>
        <valUSD>415656.68000000</valUSD>
        <pctVal>0.083786193436</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Absa Group Ltd</name>
        <lei>2138006IPPRD4N6XLT30</lei>
        <title>Absa Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000255915"/>
          <ticker value="ABG"/>
          <other otherDesc="SEDOL" value="BFX05H3"/>
        </identifiers>
        <balance>30241.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="14.65125000"/>
        <valUSD>281341.77000000</valUSD>
        <pctVal>0.056711601417</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ping An Bank Co Ltd</name>
        <lei>549300W9MKNIVWXFM679</lei>
        <title>Ping An Bank Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE000000040"/>
          <ticker value="000001"/>
          <other otherDesc="SEDOL" value="BD5CPS4"/>
        </identifiers>
        <balance>775871.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.45630000"/>
        <valUSD>2127214.81000000</valUSD>
        <pctVal>0.428794339479</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Great Wall Motor Co Ltd</name>
        <lei>254900CR8AHWTMFZHH60</lei>
        <title>Great Wall Motor Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000338"/>
          <ticker value="2333"/>
          <other otherDesc="SEDOL" value="6718255"/>
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        <balance>128000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>618439.51000000</valUSD>
        <pctVal>0.124662239070</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alrosa PJSC</name>
        <lei>894500DKUWVBYZLLE651</lei>
        <title>Alrosa PJSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="RU0007252813"/>
          <ticker value="ALRS"/>
          <other otherDesc="SEDOL" value="B6QPBP2"/>
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        <balance>202630.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="73.14375000"/>
        <valUSD>358897.59000000</valUSD>
        <pctVal>0.072344952809</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <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>FU SHOU YUAN</name>
        <lei>N/A</lei>
        <title>Fu Shou Yuan International Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG371091086"/>
          <ticker value="1448"/>
          <other otherDesc="SEDOL" value="BH4TZ73"/>
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        <balance>1717000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>1638550.02000000</valUSD>
        <pctVal>0.330291501463</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Feng TAY Enterprise Co Ltd</name>
        <lei>N/A</lei>
        <title>Feng TAY Enterprise Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0009910000"/>
          <ticker value="9910"/>
          <other otherDesc="SEDOL" value="6336055"/>
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        <balance>47000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>388862.14000000</valUSD>
        <pctVal>0.078385071261</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eternal Materials Co Ltd</name>
        <lei>N/A</lei>
        <title>Eternal Materials Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0001717007"/>
          <ticker value="1717"/>
          <other otherDesc="SEDOL" value="6318514"/>
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        <balance>162000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>225075.26000000</valUSD>
        <pctVal>0.045369652839</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Delta Electronics Inc</name>
        <lei>529900UVZWNWGDLJSM52</lei>
        <title>Delta Electronics Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002308004"/>
          <ticker value="2308"/>
          <other otherDesc="SEDOL" value="6260734"/>
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        <balance>165000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>1700151.69000000</valUSD>
        <pctVal>0.342708887462</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KT&amp;G Corp</name>
        <lei>988400ZJV6ISYBLQX875</lei>
        <title>KT&amp;G Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7033780008"/>
          <ticker value="033780"/>
          <other otherDesc="SEDOL" value="6175076"/>
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        <balance>7703.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>551456.41000000</valUSD>
        <pctVal>0.111160088753</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sendas Distribuidora SA</name>
        <lei>N/A</lei>
        <title>Sendas Distribuidora SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRASAIACNOR0"/>
          <ticker value="ASAI3"/>
          <other otherDesc="SEDOL" value="BMZ9R04"/>
        </identifiers>
        <balance>26384.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.20825000"/>
        <valUSD>439104.33000000</valUSD>
        <pctVal>0.088512664663</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Turkcell Iletisim Hizmetleri A</name>
        <lei>7890003EX1LTLS2FFL84</lei>
        <title>Turkcell Iletisim Hizmetleri AS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TRATCELL91M1"/>
          <ticker value="TCELL"/>
          <other otherDesc="SEDOL" value="B03MYN3"/>
        </identifiers>
        <balance>323326.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="8.42600000"/>
        <valUSD>591430.09000000</valUSD>
        <pctVal>0.119217802357</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fawry for Banking &amp; Payment Te</name>
        <lei>N/A</lei>
        <title>Fawry for Banking &amp; Payment Technology Services SAE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EGS745L1C014"/>
          <ticker value="FWRY"/>
          <other otherDesc="SEDOL" value="BJGWQG0"/>
        </identifiers>
        <balance>693372.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EGP" exchangeRt="15.70500000"/>
        <valUSD>846792.42000000</valUSD>
        <pctVal>0.170692585771</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lotte Confectionery Co Ltd</name>
        <lei>988400SZXKR6WK05R430</lei>
        <title>Lotte Confectionery Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7280360009"/>
          <ticker value="280360"/>
          <other otherDesc="SEDOL" value="BZ60JT0"/>
        </identifiers>
        <balance>1283.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>158351.18000000</valUSD>
        <pctVal>0.031919714602</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Telekom Malaysia Bhd</name>
        <lei>254900SNFPTSDGGVEK77</lei>
        <title>Telekom Malaysia Bhd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL4863OO006"/>
          <ticker value="T"/>
          <other otherDesc="SEDOL" value="6868398"/>
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        <balance>153300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.22000000"/>
        <valUSD>215789.69000000</valUSD>
        <pctVal>0.043497909639</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <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>Tech Mahindra Ltd</name>
        <lei>3358005FZUZ1I25XQH69</lei>
        <title>Tech Mahindra Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE669C01036"/>
          <ticker value="TECHM"/>
          <other otherDesc="SEDOL" value="BWFGD63"/>
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        <balance>56510.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>919946.16000000</valUSD>
        <pctVal>0.185438585787</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tenaga Nasional Bhd</name>
        <lei>549300FV8X6UID6I1413</lei>
        <title>Tenaga Nasional Bhd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL5347OO009"/>
          <ticker value="TNB"/>
          <other otherDesc="SEDOL" value="6904612"/>
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        <balance>132400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.22000000"/>
        <valUSD>302449.29000000</valUSD>
        <pctVal>0.060966359824</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Americanas SA</name>
        <lei>N/A</lei>
        <title>Americanas SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRAMERACNOR6"/>
          <ticker value="AMER3"/>
          <other otherDesc="SEDOL" value="BN925F7"/>
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        <balance>274606.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.20825000"/>
        <valUSD>2611478.94000000</valUSD>
        <pctVal>0.526410112357</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sociedad Quimica y Minera de C</name>
        <lei>TJ88LXZZW5PWIN93ZC81</lei>
        <title>Sociedad Quimica y Minera de Chile SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CLP8716X1082"/>
          <ticker value="SQM/B"/>
          <other otherDesc="SEDOL" value="2718301"/>
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        <balance>4612.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="758.88500000"/>
        <valUSD>220303.47000000</valUSD>
        <pctVal>0.044407776995</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>E-MART Inc</name>
        <lei>988400SAX0Q74FRA9981</lei>
        <title>E-MART Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7139480008"/>
          <ticker value="139480"/>
          <other otherDesc="SEDOL" value="B682TF7"/>
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        <balance>1354.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>198600.31000000</valUSD>
        <pctVal>0.040032952171</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United Tractors Tbk PT</name>
        <lei>529900N9ELYOWQV4FW14</lei>
        <title>United Tractors Tbk PT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ID1000058407"/>
          <ticker value="UNTR"/>
          <other otherDesc="SEDOL" value="6230845"/>
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        <balance>167900.00000000</balance>
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        <currencyConditional curCd="IDR" exchangeRt="14462.50000000"/>
        <valUSD>227172.20000000</valUSD>
        <pctVal>0.045792344519</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ACC Ltd</name>
        <lei>335800569A6H12LH4677</lei>
        <title>ACC Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE012A01025"/>
          <ticker value="ACC"/>
          <other otherDesc="SEDOL" value="6155915"/>
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        <balance>8581.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>276514.29000000</valUSD>
        <pctVal>0.055738499835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Transneft PJSC</name>
        <lei>N/A</lei>
        <title>Transneft PJSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="RU0009091573"/>
          <ticker value="TRNFP"/>
          <other otherDesc="SEDOL" value="B59NHY7"/>
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        <balance>207.00000000</balance>
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        <currencyConditional curCd="RUB" exchangeRt="73.14375000"/>
        <valUSD>460513.52000000</valUSD>
        <pctVal>0.092828232344</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DiDi Global Inc</name>
        <lei>N/A</lei>
        <title>DiDi Global Inc</title>
        <cusip>23292E108</cusip>
        <identifiers>
          <isin value="US23292E1082"/>
          <ticker value="DIDI"/>
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        <balance>23000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>237130.00000000</valUSD>
        <pctVal>0.047799592802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LG Uplus Corp</name>
        <lei>N/A</lei>
        <title>LG Uplus Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7032640005"/>
          <ticker value="032640"/>
          <other otherDesc="SEDOL" value="6290902"/>
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        <balance>127798.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sberbank of Russia PJSC</name>
        <lei>549300WE6TAF5EEWQS81</lei>
        <title>Sberbank of Russia PJSC</title>
        <cusip>000000000</cusip>
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          <isin value="RU0009029540"/>
          <ticker value="SBER"/>
          <other otherDesc="SEDOL" value="4767981"/>
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        <balance>74140.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tsingtao Brewery Co Ltd</name>
        <lei>300300OJ7D0Q1ESE8L15</lei>
        <title>Tsingtao Brewery Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000004K1"/>
          <ticker value="168"/>
          <other otherDesc="SEDOL" value="6905808"/>
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        <balance>228000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Power Grid Corp of India Ltd</name>
        <lei>3358009SHWZ3DZEQ4Z56</lei>
        <title>Power Grid Corp of India Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="INE752E01010"/>
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          <other otherDesc="SEDOL" value="B233HS6"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Riyad Bank</name>
        <lei>54930037RJ782ISGGM71</lei>
        <title>Riyad Bank</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA0007879048"/>
          <ticker value="RIBL"/>
          <other otherDesc="SEDOL" value="B12LZW4"/>
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        <balance>49434.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bank BTPN Syariah Tbk PT</name>
        <lei>N/A</lei>
        <title>Bank BTPN Syariah Tbk PT</title>
        <cusip>000000000</cusip>
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          <isin value="ID1000142805"/>
          <ticker value="BTPS"/>
          <other otherDesc="SEDOL" value="BFNBJ41"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MultiChoice Group</name>
        <lei>254900BVQQ7DFBMSVJ81</lei>
        <title>MultiChoice Group</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000265971"/>
          <ticker value="MCG"/>
          <other otherDesc="SEDOL" value="BHZSKR4"/>
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        <balance>24177.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CAP SA</name>
        <lei>54930079GPG23NTBB003</lei>
        <title>CAP SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CLP256251073"/>
          <ticker value="CAP"/>
          <other otherDesc="SEDOL" value="2174312"/>
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        <balance>16389.00000000</balance>
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        <valUSD>283989.47000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</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>Doosan Fuel Cell Co Ltd</name>
        <lei>N/A</lei>
        <title>Doosan Fuel Cell Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7336260005"/>
          <ticker value="336260"/>
          <other otherDesc="SEDOL" value="BH4G7R8"/>
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        <balance>28300.00000000</balance>
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        <valUSD>1209596.47000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Inter RAO UES PJSC</name>
        <lei>253400PMFKF8Q8G1FA17</lei>
        <title>Inter RAO UES PJSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="RU000A0JPNM1"/>
          <ticker value="IRAO"/>
          <other otherDesc="SEDOL" value="B5B2VL7"/>
        </identifiers>
        <balance>5259508.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="73.14375000"/>
        <valUSD>312955.39000000</valUSD>
        <pctVal>0.063084131941</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grupo Financiero Banorte SAB d</name>
        <lei>N/A</lei>
        <title>Grupo Financiero Banorte SAB de CV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MXP370711014"/>
          <ticker value="GFNORTEO"/>
          <other otherDesc="SEDOL" value="2421041"/>
        </identifiers>
        <balance>178794.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="19.90625000"/>
        <valUSD>1156676.49000000</valUSD>
        <pctVal>0.233157614919</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yifeng Pharmacy Chain Co Ltd</name>
        <lei>300300CZZIF44N1EZO06</lei>
        <title>Yifeng Pharmacy Chain Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100001TS5"/>
          <ticker value="603939"/>
          <other otherDesc="SEDOL" value="BYYFJV2"/>
        </identifiers>
        <balance>279020.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.45630000"/>
        <valUSD>2111368.58000000</valUSD>
        <pctVal>0.425600128112</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Advantech Co Ltd</name>
        <lei>2549002OSTKE9HB9IY03</lei>
        <title>Advantech Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002395001"/>
          <ticker value="2395"/>
          <other otherDesc="SEDOL" value="6202673"/>
        </identifiers>
        <balance>32794.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>428030.28000000</valUSD>
        <pctVal>0.086280407755</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sea Ltd</name>
        <lei>529900OM6JLLW44YKI15</lei>
        <title>Sea Ltd</title>
        <cusip>81141R100</cusip>
        <identifiers>
          <isin value="US81141R1005"/>
          <ticker value="SE"/>
        </identifiers>
        <balance>11885.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3282161.60000000</valUSD>
        <pctVal>0.661603289296</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PI Industries Ltd</name>
        <lei>335800PEGP94E4CC1D11</lei>
        <title>PI Industries Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE603J01030"/>
          <ticker value="PI"/>
          <other otherDesc="SEDOL" value="B992PT3"/>
        </identifiers>
        <balance>7072.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>280509.28000000</valUSD>
        <pctVal>0.056543791849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shandong Chenming Paper Holdings Ltd</name>
        <lei>529900P6JZBO1IUEWF07</lei>
        <title>Shandong Chenming Paper Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE000000QM7"/>
          <ticker value="200488"/>
          <other otherDesc="SEDOL" value="6801832"/>
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        <balance>305800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>164327.36000000</valUSD>
        <pctVal>0.033124365935</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kia Corp</name>
        <lei>988400V8MJK9N7OI5X76</lei>
        <title>Kia Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7000270009"/>
          <ticker value="000270"/>
          <other otherDesc="SEDOL" value="6490928"/>
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        <balance>17877.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>1305569.04000000</valUSD>
        <pctVal>0.263170701670</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOTVS SA</name>
        <lei>N/A</lei>
        <title>TOTVS SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRTOTSACNOR8"/>
          <ticker value="TOTS3"/>
          <other otherDesc="SEDOL" value="B10LQP6"/>
        </identifiers>
        <balance>44098.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.20825000"/>
        <valUSD>298290.70000000</valUSD>
        <pctVal>0.060128090063</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yum China Holdings Inc</name>
        <lei>529900DO9BYZ7VA3K502</lei>
        <title>Yum China Holdings Inc</title>
        <cusip>98850P109</cusip>
        <identifiers>
          <isin value="US98850P1093"/>
          <ticker value="YUMC"/>
        </identifiers>
        <balance>38150.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2372548.50000000</valUSD>
        <pctVal>0.478247595004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tata Consumer Products Ltd</name>
        <lei>335800LOXFWU8ZQJMD12</lei>
        <title>Tata Consumer Products Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE192A01025"/>
          <ticker value="TATACONS"/>
          <other otherDesc="SEDOL" value="6121488"/>
        </identifiers>
        <balance>66478.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>676321.63000000</valUSD>
        <pctVal>0.136329855004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tatneft PJSC</name>
        <lei>253400PAT768SVJMV121</lei>
        <title>Tatneft PJSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="RU0009033591"/>
          <ticker value="TATN"/>
          <other otherDesc="SEDOL" value="B59BXN2"/>
        </identifiers>
        <balance>54263.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="73.14375000"/>
        <valUSD>362288.74000000</valUSD>
        <pctVal>0.073028525487</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Compal Electronics Inc</name>
        <lei>529900ZPKWFDL21LW166</lei>
        <title>Compal Electronics Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002324001"/>
          <ticker value="2324"/>
          <other otherDesc="SEDOL" value="6225744"/>
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        <balance>677000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>523678.15000000</valUSD>
        <pctVal>0.105560672750</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SK Telecom Co Ltd</name>
        <lei>9884003WEA1PHW006037</lei>
        <title>SK Telecom Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7017670001"/>
          <ticker value="017670"/>
          <other otherDesc="SEDOL" value="6224871"/>
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        <balance>25186.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>6597071.23000000</valUSD>
        <pctVal>1.329807778352</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Eclat Textile Co Ltd</name>
        <lei>N/A</lei>
        <title>Eclat Textile Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0001476000"/>
          <ticker value="1476"/>
          <other otherDesc="SEDOL" value="6345783"/>
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        <balance>22000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>480325.82000000</valUSD>
        <pctVal>0.096821906162</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Mr Price Group Ltd</name>
        <lei>378900D3417C35C5D733</lei>
        <title>Mr Price Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000200457"/>
          <ticker value="MRP"/>
          <other otherDesc="SEDOL" value="BYXW419"/>
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        <balance>20917.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="14.65125000"/>
        <valUSD>311229.83000000</valUSD>
        <pctVal>0.062736301361</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>TAIWAN SEMICONDUCTOR MANUFAC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002330008"/>
          <ticker value="2330"/>
          <other otherDesc="SEDOL" value="6889106"/>
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        <balance>1414000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>29551892.93000000</valUSD>
        <pctVal>5.956936906281</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NTPC Ltd</name>
        <lei>335800Q4TRGJXNLVMB81</lei>
        <title>NTPC Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE733E01010"/>
          <ticker value="NTPC"/>
          <other otherDesc="SEDOL" value="B037HF1"/>
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        <balance>241483.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>384058.71000000</valUSD>
        <pctVal>0.077416817568</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ENN Energy Holdings Ltd</name>
        <lei>549300V7BXPWT6WIPR03</lei>
        <title>ENN Energy Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG3066L1014"/>
          <ticker value="2688"/>
          <other otherDesc="SEDOL" value="6333937"/>
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        <balance>81100.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>1692419.34000000</valUSD>
        <pctVal>0.341150235324</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BlackRock Liquidity FedFund</name>
        <lei>549300T8K043VZEOVK74</lei>
        <title>BlackRock Liquidity FedFund</title>
        <cusip>09248U700</cusip>
        <identifiers>
          <isin value="US09248U7000"/>
          <ticker value="TFDXX"/>
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        <balance>2386241.29000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2386241.29000000</valUSD>
        <pctVal>0.481007725676</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Aurobindo Pharma Ltd</name>
        <lei>335800G4T2A353RDGM23</lei>
        <title>Aurobindo Pharma Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE406A01037"/>
          <ticker value="ARBP"/>
          <other otherDesc="SEDOL" value="6702634"/>
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        <balance>80776.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>996306.76000000</valUSD>
        <pctVal>0.200831010137</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cia de Minas Buenaventura SAA</name>
        <lei>529900WQB1ZU9KB6EL71</lei>
        <title>Cia de Minas Buenaventura SAA</title>
        <cusip>204448104</cusip>
        <identifiers>
          <isin value="US2044481040"/>
          <ticker value="BVN"/>
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        <balance>87676.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>724203.76000000</valUSD>
        <pctVal>0.145981718187</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Posco International Corp</name>
        <lei>988400B6ECL5BWA8KC19</lei>
        <title>Posco International Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7047050000"/>
          <ticker value="047050"/>
          <other otherDesc="SEDOL" value="6344274"/>
        </identifiers>
        <balance>15272.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>343922.40000000</valUSD>
        <pctVal>0.069326321745</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>America Movil SAB de CV</name>
        <lei>5493000FNR3UCEAONM59</lei>
        <title>America Movil SAB de CV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MXP001691213"/>
          <ticker value="AMXL"/>
          <other otherDesc="SEDOL" value="2667470"/>
        </identifiers>
        <balance>596433.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="19.90625000"/>
        <valUSD>498868.92000000</valUSD>
        <pctVal>0.100559740385</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ooredoo QPSC</name>
        <lei>549300D3EIDZJB62TR20</lei>
        <title>Ooredoo QPSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="QA0007227737"/>
          <ticker value="ORDS"/>
          <other otherDesc="SEDOL" value="6158174"/>
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        <balance>103607.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="QAR" exchangeRt="3.64100000"/>
        <valUSD>201461.09000000</valUSD>
        <pctVal>0.040609615263</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>QA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Samsung Engineering Co Ltd</name>
        <lei>988400HDAY5KIVHGZ188</lei>
        <title>Samsung Engineering Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7028050003"/>
          <ticker value="028050"/>
          <other otherDesc="SEDOL" value="6765239"/>
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        <balance>25793.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>524343.34000000</valUSD>
        <pctVal>0.105694758742</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UPL Ltd</name>
        <lei>335800RJSM1SLHO4UA95</lei>
        <title>UPL Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE628A01036"/>
          <ticker value="UPLL"/>
          <other otherDesc="SEDOL" value="B0L0W35"/>
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        <balance>76682.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>835416.08000000</valUSD>
        <pctVal>0.168399394612</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Qingdao TGOOD Electric Co Ltd</name>
        <lei>N/A</lei>
        <title>Qingdao TGOOD Electric Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000H69"/>
          <ticker value="300001"/>
          <other otherDesc="SEDOL" value="BD5CGV4"/>
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        <balance>507884.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.45630000"/>
        <valUSD>2363265.83000000</valUSD>
        <pctVal>0.476376436373</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MTN Group Ltd</name>
        <lei>2549009JD6Q6XHZS5E05</lei>
        <title>MTN Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000042164"/>
          <ticker value="MTN"/>
          <other otherDesc="SEDOL" value="6563206"/>
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        <balance>111339.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="14.65125000"/>
        <valUSD>799718.50000000</valUSD>
        <pctVal>0.161203637904</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</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>China Feihe Ltd</name>
        <lei>N/A</lei>
        <title>China Feihe Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG2121Q1055"/>
          <ticker value="6186"/>
          <other otherDesc="SEDOL" value="BK0SBL1"/>
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        <balance>1042000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>2003256.01000000</valUSD>
        <pctVal>0.403807285271</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bloomberry Resorts Corp</name>
        <lei>N/A</lei>
        <title>Bloomberry Resorts Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PHY0927M1046"/>
          <ticker value="BLOOM"/>
          <other otherDesc="SEDOL" value="B7RLFB0"/>
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        <balance>9468000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="49.98500000"/>
        <valUSD>1075887.57000000</valUSD>
        <pctVal>0.216872549854</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PLDT Inc</name>
        <lei>254900ADE8GQHM5P2648</lei>
        <title>PLDT Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PHY7072Q1032"/>
          <ticker value="TEL"/>
          <other otherDesc="SEDOL" value="BDGN274"/>
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        <balance>13480.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="49.98500000"/>
        <valUSD>330728.68000000</valUSD>
        <pctVal>0.066666791346</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</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>Ayala Corp</name>
        <lei>254900QJ68UH8GKNGI69</lei>
        <title>Ayala Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PHY0486V1154"/>
          <ticker value="AC"/>
          <other otherDesc="SEDOL" value="B09JBT3"/>
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        <balance>15520.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="49.98500000"/>
        <valUSD>226660.00000000</valUSD>
        <pctVal>0.045689097560</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Powertech Technology Inc</name>
        <lei>254900O6KNZXH2RI9Q14</lei>
        <title>Powertech Technology Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0006239007"/>
          <ticker value="6239"/>
          <other otherDesc="SEDOL" value="6599676"/>
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        <balance>98000.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>388347.30000000</valUSD>
        <pctVal>0.078281292142</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Chailease Holding Co Ltd</name>
        <lei>529900L76E6T0JCM3J27</lei>
        <title>Chailease Holding Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG202881093"/>
          <ticker value="5871"/>
          <other otherDesc="SEDOL" value="B58J1S8"/>
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        <balance>77408.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>642380.14000000</valUSD>
        <pctVal>0.129488082976</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PTT Exploration &amp; Production P</name>
        <lei>2549001O8YYGP5N7Q076</lei>
        <title>PTT Exploration &amp; Production PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0355A10Z04"/>
          <ticker value="PTTEP"/>
          <other otherDesc="SEDOL" value="B1359K1"/>
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        <balance>44100.00000000</balance>
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        <currencyConditional curCd="THB" exchangeRt="32.86750000"/>
        <valUSD>138117.32000000</valUSD>
        <pctVal>0.027841064626</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kaspi.KZ JSC</name>
        <lei>2549003YU6FARG8OAZ13</lei>
        <title>Kaspi.KZ JSC</title>
        <cusip>48581R106</cusip>
        <identifiers>
          <isin value="US48581R1068"/>
          <ticker value="80TE"/>
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        <balance>1780.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>201496.00000000</valUSD>
        <pctVal>0.040616652263</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mobile Telecommunications Co K</name>
        <lei>N/A</lei>
        <title>Mobile Telecommunications Co KSCP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KW0EQ0601058"/>
          <ticker value="ZAIN"/>
          <other otherDesc="SEDOL" value="6600084"/>
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        <balance>204404.00000000</balance>
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        <currencyConditional curCd="KWD" exchangeRt="0.30045000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AU Optronics Corp</name>
        <lei>391200L7PIS4QXYJUQ72</lei>
        <title>AU Optronics Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002409000"/>
          <ticker value="2409"/>
          <other otherDesc="SEDOL" value="6288190"/>
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        <balance>499000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MMC Norilsk Nickel PJSC</name>
        <lei>253400JPTEEW143W3E47</lei>
        <title>MMC Norilsk Nickel PJSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="RU0007288411"/>
          <ticker value="GMKN"/>
          <other otherDesc="SEDOL" value="B5B1TX2"/>
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        <balance>1612.00000000</balance>
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        <currencyConditional curCd="RUB" exchangeRt="73.14375000"/>
        <valUSD>557164.54000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Marico Ltd</name>
        <lei>3358003SFDQFGJPC5O84</lei>
        <title>Marico Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE196A01026"/>
          <ticker value="MRCO"/>
          <other otherDesc="SEDOL" value="B1S34K5"/>
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        <balance>47974.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kweichow Moutai Co Ltd</name>
        <lei>N/A</lei>
        <title>Kweichow Moutai Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE0000018R8"/>
          <ticker value="600519"/>
          <other otherDesc="SEDOL" value="BP3R2F1"/>
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        <balance>600.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.45630000"/>
        <valUSD>156275.70000000</valUSD>
        <pctVal>0.031501348732</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>InPost SA</name>
        <lei>2221003M23QLERR89585</lei>
        <title>InPost SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="LU2290522684"/>
          <ticker value="INPST"/>
          <other otherDesc="SEDOL" value="BN4N9C0"/>
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        <balance>74200.00000000</balance>
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        <valUSD>1454920.03000000</valUSD>
        <pctVal>0.293276198682</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cheil Worldwide Inc</name>
        <lei>N/A</lei>
        <title>Cheil Worldwide Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7030000004"/>
          <ticker value="030000"/>
          <other otherDesc="SEDOL" value="6093231"/>
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        <balance>12407.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Asustek Computer Inc</name>
        <lei>254900B3WB4OGRB7HM13</lei>
        <title>Asustek Computer Inc</title>
        <cusip>000000000</cusip>
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          <isin value="TW0002357001"/>
          <ticker value="2357"/>
          <other otherDesc="SEDOL" value="6051046"/>
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        <assetCat>EC</assetCat>
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        <invCountry>TW</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CTEEP</name>
        <lei>N/A</lei>
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          <isin value="BRTRPLACNPR1"/>
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        <balance>56808.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
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        <invCountry>BR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SK Innovation Co Ltd</name>
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          <isin value="KR7096770003"/>
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        <invCountry>KR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kunlun Energy Co Ltd</name>
        <lei>5299007GRIKP15GM4927</lei>
        <title>Kunlun Energy Co Ltd</title>
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          <isin value="BMG5320C1082"/>
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          <other otherDesc="SEDOL" value="6340078"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JD.COM INCDR</name>
        <lei>549300HVTWB0GJZ16V92</lei>
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          <isin value="US47215P1066"/>
          <ticker value="JD"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Empresas COPEC SA</name>
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        <title>Empresas COPEC SA</title>
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          <isin value="CLP7847L1080"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CL</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Realtek Semiconductor Corp</name>
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        <title>Realtek Semiconductor Corp</title>
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          <isin value="TW0002379005"/>
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        <assetCat>EC</assetCat>
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        <invCountry>TW</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hyundai Steel Co</name>
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        <title>Hyundai Steel Co</title>
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          <isin value="KR7004020004"/>
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        <assetCat>EC</assetCat>
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        <invCountry>KR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cencosud SA</name>
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        <title>Cencosud SA</title>
        <cusip>000000000</cusip>
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          <isin value="CL0000000100"/>
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          <other otherDesc="SEDOL" value="B00R3L2"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Korea Investment Holdings Co L</name>
        <lei>N/A</lei>
        <title>Korea Investment Holdings Co Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="KR7071050009"/>
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        <assetCat>EC</assetCat>
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        <invCountry>KR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Regional SAB de CV</name>
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          <isin value="MX01R0000006"/>
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        <invCountry>MX</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Zhen Ding Technology Holding L</name>
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        <title>Zhen Ding Technology Holding Ltd</title>
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          <isin value="KYG989221000"/>
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        <assetCat>EC</assetCat>
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        <invCountry>TW</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>RBC DOMINION SECURITIES INC.</name>
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        <invCountry>US</invCountry>
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        <name>IRSA Propiedades Comerciales S</name>
        <lei>549300WDBPUOVK4S9722</lei>
        <title>IRSA Propiedades Comerciales SA</title>
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        <name>CNBM</name>
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        <title>China National Building Material Co Ltd</title>
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        <name>China Hongqiao Group Ltd</name>
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        <name>KINGDEE INT'L</name>
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        <title>Kingdee International Software Group Co Ltd</title>
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        <name>Turkcell Iletisim Hizmetleri A</name>
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        <title>Turkcell Iletisim Hizmetleri AS</title>
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        <name>Al Rajhi Bank</name>
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        <title>Al Rajhi Bank</title>
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        <name>Hero MotoCorp Ltd</name>
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        <title>Hero MotoCorp Ltd</title>
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        <invCountry>IN</invCountry>
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        <name>Top Glove Corp Bhd</name>
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        <pctVal>0.061702396552</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sinopharm Group Co Ltd</name>
        <lei>529900N54X78YH9JYK92</lei>
        <title>Sinopharm Group Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000FN7"/>
          <ticker value="1099"/>
          <other otherDesc="SEDOL" value="B3ZVDV0"/>
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        <balance>94000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>246488.38000000</valUSD>
        <pctVal>0.049686012712</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sociedad Quimica y Minera de C</name>
        <lei>TJ88LXZZW5PWIN93ZC81</lei>
        <title>Sociedad Quimica y Minera de Chile SA</title>
        <cusip>833635105</cusip>
        <identifiers>
          <isin value="US8336351056"/>
          <ticker value="SQM"/>
        </identifiers>
        <balance>28948.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1375030.00000000</valUSD>
        <pctVal>0.277172327797</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1567.50000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Grupo Mexico SAB de CV</name>
        <lei>529900JWLZAYET2ZGW20</lei>
        <title>Grupo Mexico SAB de CV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MXP370841019"/>
          <ticker value="GMEXICOB"/>
          <other otherDesc="SEDOL" value="2643674"/>
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        <balance>149867.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="19.90625000"/>
        <valUSD>686461.44000000</valUSD>
        <pctVal>0.138373792039</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</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>Itausa SA</name>
        <lei>N/A</lei>
        <title>Itausa SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRITSAACNPR7"/>
          <ticker value="ITSA4"/>
          <other otherDesc="SEDOL" value="2458771"/>
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        <balance>307668.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.20825000"/>
        <valUSD>660438.39000000</valUSD>
        <pctVal>0.133128183329</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BRF SA</name>
        <lei>254900MTXR9LUVQFU480</lei>
        <title>BRF SA</title>
        <cusip>10552T107</cusip>
        <identifiers>
          <isin value="US10552T1079"/>
          <ticker value="BRFS"/>
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        <balance>176350.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>860588.00000000</valUSD>
        <pctVal>0.173473436386</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="851979.68000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Shoprite Holdings Ltd</name>
        <lei>529900Q4O1EYP6NH5150</lei>
        <title>Shoprite Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000012084"/>
          <ticker value="SHP"/>
          <other otherDesc="SEDOL" value="6801575"/>
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        <balance>25773.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="14.65125000"/>
        <valUSD>282159.49000000</valUSD>
        <pctVal>0.056876433716</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fibra Uno Administracion SA de</name>
        <lei>N/A</lei>
        <title>Fibra Uno Administracion SA de CV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MXCFFU000001"/>
          <ticker value="FUNO11"/>
          <other otherDesc="SEDOL" value="B671GT8"/>
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        <balance>189088.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="19.90625000"/>
        <valUSD>205746.74000000</valUSD>
        <pctVal>0.041473497205</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Saudi National Bank/The</name>
        <lei>5586006ZEFQ542K7CY16</lei>
        <title>Saudi National Bank/The</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA13L050IE10"/>
          <ticker value="SNB"/>
          <other otherDesc="SEDOL" value="BSHYYN1"/>
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        <balance>20325.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75040000"/>
        <valUSD>298068.21000000</valUSD>
        <pctVal>0.060083241535</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ROSNEFT OIL CO PJSC-REGS GDR</name>
        <lei>253400JT3MQWNDKMJE44</lei>
        <title>ROSNEFT OIL CO PJSC</title>
        <cusip>67812M207</cusip>
        <identifiers>
          <isin value="US67812M2070"/>
          <ticker value="ROSN"/>
        </identifiers>
        <balance>400580.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2947241.31000000</valUSD>
        <pctVal>0.594091572165</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <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>Pegatron Corp</name>
        <lei>529900M87JQS8TUO0L66</lei>
        <title>Pegatron Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0004938006"/>
          <ticker value="4938"/>
          <other otherDesc="SEDOL" value="B4PLX17"/>
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        <balance>500000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>1205398.36000000</valUSD>
        <pctVal>0.242978749092</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>momo.com Inc</name>
        <lei>N/A</lei>
        <title>momo.com Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0008454000"/>
          <ticker value="8454"/>
          <other otherDesc="SEDOL" value="BJYP111"/>
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        <balance>9400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>524369.75000000</valUSD>
        <pctVal>0.105700082350</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TAL Education Group</name>
        <lei>5493003PJZS0EC085V72</lei>
        <title>TAL Education Group</title>
        <cusip>874080104</cusip>
        <identifiers>
          <isin value="US8740801043"/>
          <ticker value="TAL"/>
        </identifiers>
        <balance>4718.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28638.26000000</valUSD>
        <pctVal>0.005772770912</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MAIL.RU GROUP LTD</name>
        <lei>2138009IXUP41SPL5B50</lei>
        <title>MAIL.RU GROUP-GDR REGS</title>
        <cusip>560317208</cusip>
        <identifiers>
          <isin value="US5603172082"/>
          <ticker value="MAIL"/>
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        <balance>18262.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>377858.02000000</valUSD>
        <pctVal>0.076166910525</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <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>Parade Technologies Ltd</name>
        <lei>529900D9FDQHQKAQLY02</lei>
        <title>Parade Technologies Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG6892A1085"/>
          <ticker value="4966"/>
          <other otherDesc="SEDOL" value="B6RV676"/>
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        <balance>6000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>368437.65000000</valUSD>
        <pctVal>0.074267994952</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fosun International Ltd</name>
        <lei>213800Z99WQEXDF82F09</lei>
        <title>Fosun International Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0656038673"/>
          <ticker value="656"/>
          <other otherDesc="SEDOL" value="B1Z7FX0"/>
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        <balance>161500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>213797.37000000</valUSD>
        <pctVal>0.043096306786</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Lotte Corp</name>
        <lei>988400HKP8IPW74L3K25</lei>
        <title>Lotte Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7004990008"/>
          <ticker value="004990"/>
          <other otherDesc="SEDOL" value="6535432"/>
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        <balance>5899.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>193671.99000000</valUSD>
        <pctVal>0.039039523717</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Infosys Ltd</name>
        <lei>335800TYLGG93MM7PR89</lei>
        <title>Infosys Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE009A01021"/>
          <ticker value="INFO"/>
          <other otherDesc="SEDOL" value="6205122"/>
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        <balance>89881.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>1958858.79000000</valUSD>
        <pctVal>0.394857894483</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Helios Towers PLC</name>
        <lei>213800DGC7GS4XCHCU30</lei>
        <title>Helios Towers PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BJVQC708"/>
          <ticker value="HTWS"/>
          <other otherDesc="SEDOL" value="BJVQC70"/>
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        <balance>1174000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.71942000"/>
        <valUSD>2669739.51000000</valUSD>
        <pctVal>0.538154014531</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Alfa SAB de CV</name>
        <lei>549300ZCGJ6T8YDJ4M34</lei>
        <title>Alfa SAB de CV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MXP000511016"/>
          <ticker value="ALFAA"/>
          <other otherDesc="SEDOL" value="2043423"/>
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        <balance>366463.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="19.90625000"/>
        <valUSD>277246.23000000</valUSD>
        <pctVal>0.055886040989</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</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>Yanbu National Petrochemical C</name>
        <lei>N/A</lei>
        <title>Yanbu National Petrochemical Co</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA000A0HNF36"/>
          <ticker value="YANSAB"/>
          <other otherDesc="SEDOL" value="B128CF7"/>
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        <balance>13234.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75040000"/>
        <valUSD>241053.27000000</valUSD>
        <pctVal>0.048590427822</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GAZPROM PAO -SPON ADR</name>
        <lei>213800FD9J2IHTA7YX78</lei>
        <title>GAZPROM PJSC</title>
        <cusip>368287207</cusip>
        <identifiers>
          <isin value="US3682872078"/>
          <ticker value="OGZD"/>
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        <balance>431815.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3368157.00000000</valUSD>
        <pctVal>0.678937853049</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>D-MARKET Elektronik Hizmetler</name>
        <lei>9845004CF6A069998F16</lei>
        <title>D-MARKET Elektronik Hizmetler ve Ticaret AS</title>
        <cusip>23292B104</cusip>
        <identifiers>
          <isin value="US23292B1044"/>
          <ticker value="HEPS"/>
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        <balance>4300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>56631.00000000</valUSD>
        <pctVal>0.011415420823</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Akbank TAS</name>
        <lei>789000TUMN63Z28TJ497</lei>
        <title>Akbank TAS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TRAAKBNK91N6"/>
          <ticker value="AKBNK"/>
          <other otherDesc="SEDOL" value="B03MN70"/>
        </identifiers>
        <balance>542163.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="8.42600000"/>
        <valUSD>338651.38000000</valUSD>
        <pctVal>0.068263813376</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Juhayna Food Industries</name>
        <lei>N/A</lei>
        <title>Juhayna Food Industries</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EGS30901C010"/>
          <ticker value="JUFO"/>
          <other otherDesc="SEDOL" value="B4RJHG2"/>
        </identifiers>
        <balance>695345.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EGP" exchangeRt="15.70500000"/>
        <valUSD>247942.18000000</valUSD>
        <pctVal>0.049979063140</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BAIDU INC</name>
        <lei>254900AL64IANZYI1E02</lei>
        <title>BAIDU INC - SPON ADR</title>
        <cusip>056752108</cusip>
        <identifiers>
          <isin value="US0567521085"/>
          <ticker value="BIDU"/>
        </identifiers>
        <balance>16978.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2784561.78000000</valUSD>
        <pctVal>0.561299368348</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA LONGYUAN</name>
        <lei>5299008UYLF3O6V9T464</lei>
        <title>China Longyuan Power Group Corp Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000HD4"/>
          <ticker value="916"/>
          <other otherDesc="SEDOL" value="B4Q2TX3"/>
        </identifiers>
        <balance>149000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>279027.50000000</valUSD>
        <pctVal>0.056245101339</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HOPSON DEV HOLD</name>
        <lei>549300HYMKPTC1DTZS42</lei>
        <title>Hopson Development Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG4600H1198"/>
          <ticker value="754"/>
          <other otherDesc="SEDOL" value="BMXJW56"/>
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        <balance>99100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>328425.56000000</valUSD>
        <pctVal>0.066202538834</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LG Corp</name>
        <lei>N/A</lei>
        <title>LG Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7003550001"/>
          <ticker value="003550"/>
          <other otherDesc="SEDOL" value="6537030"/>
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        <balance>3003.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>246115.78000000</valUSD>
        <pctVal>0.049610905689</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GDS Holdings Ltd</name>
        <lei>391200MGV8DDCHTN2R77</lei>
        <title>GDS Holdings Ltd</title>
        <cusip>36165L108</cusip>
        <identifiers>
          <isin value="US36165L1089"/>
          <ticker value="GDS"/>
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        <balance>39900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2352504.00000000</valUSD>
        <pctVal>0.474207115360</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wuxi Biologics Cayman Inc</name>
        <lei>5493001TD2TH6VDTJU11</lei>
        <title>Wuxi Biologics Cayman Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG970081173"/>
          <ticker value="2269"/>
          <other otherDesc="SEDOL" value="BL6B9P1"/>
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        <balance>138500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>2115484.68000000</valUSD>
        <pctVal>0.426429832932</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LX Holdings Corp</name>
        <lei>N/A</lei>
        <title>LX Holdings Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7383800000"/>
          <ticker value="383800"/>
          <other otherDesc="SEDOL" value="BN2RBY0"/>
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        <balance>1456.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>13227.73000000</valUSD>
        <pctVal>0.002666385981</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IRSA INVERSIONES Y WTS</name>
        <lei>549300QJINFBX83IZ837</lei>
        <title>IRSA INVERSIONES Y WTS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="P5880C134"/>
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        <balance>42010.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>10082.40000000</valUSD>
        <pctVal>0.002032364586</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>IRSA INVERSIONES Y WTS</counterpartyName>
              <counterpartyLei>549300QJINFBX83IZ837</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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              <otherRefInst>
                <issuerName>IRSA Inversiones y Representac</issuerName>
                <issueTitle>IRSA Inversiones y Representaciones SA</issueTitle>
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                  <cusip value="450047204"/>
                  <isin value="US4500472042"/>
                  <ticker value="IRS"/>
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            <shareNo>1.00000000</shareNo>
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            <delta>XXXX</delta>
            <unrealizedAppr>10082.40000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAMSUNG ELECTRONICS CO LTD</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>SAMSUNG ELECTRONICS CO LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7005930003"/>
          <ticker value="005930"/>
          <other otherDesc="SEDOL" value="6771720"/>
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        <balance>198457.00000000</balance>
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        <valUSD>13561835.20000000</valUSD>
        <pctVal>2.733733396068</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Petroleo Brasileiro SA</name>
        <lei>5493000J801JZRCMFE49</lei>
        <title>Petroleo Brasileiro SA</title>
        <cusip>71654V408</cusip>
        <identifiers>
          <isin value="US71654V4086"/>
          <ticker value="PBR"/>
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        <balance>65876.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>702896.92000000</valUSD>
        <pctVal>0.141686781756</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kingboard Holdings Ltd</name>
        <lei>529900G89MY26MMSDR76</lei>
        <title>Kingboard Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG525621408"/>
          <ticker value="148"/>
          <other otherDesc="SEDOL" value="6491318"/>
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        <balance>132500.00000000</balance>
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        <valUSD>694178.50000000</valUSD>
        <pctVal>0.139929362088</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <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>Rede D'Or Sao Luiz SA</name>
        <lei>N/A</lei>
        <title>Rede D'Or Sao Luiz SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRRDORACNOR8"/>
          <ticker value="RDOR3"/>
          <other otherDesc="SEDOL" value="BNDQ8P6"/>
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        <balance>78400.00000000</balance>
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        <currencyConditional curCd="BRL" exchangeRt="5.20825000"/>
        <valUSD>1042573.61000000</valUSD>
        <pctVal>0.210157272484</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Advanced Petrochemical Co</name>
        <lei>N/A</lei>
        <title>Advanced Petrochemical Co</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA000A0LE310"/>
          <ticker value="APPC"/>
          <other otherDesc="SEDOL" value="B1P6WF8"/>
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        <balance>14722.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75040000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LG Electronics Inc</name>
        <lei>988400RMQFTGZIOG0609</lei>
        <title>LG Electronics Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7066570003"/>
          <ticker value="066570"/>
          <other otherDesc="SEDOL" value="6520739"/>
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        <balance>9796.00000000</balance>
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        <valUSD>1341847.96000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PICC P&amp;C</name>
        <lei>300300F1000311000017</lei>
        <title>PICC Property &amp; Casualty Co Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="CNE100000593"/>
          <ticker value="2328"/>
          <other otherDesc="SEDOL" value="6706250"/>
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        <balance>358000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Far Eastern New Century Corp</name>
        <lei>254900CDLU5OS06M6K24</lei>
        <title>Far Eastern New Century Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0001402006"/>
          <ticker value="1402"/>
          <other otherDesc="SEDOL" value="6331470"/>
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        <balance>498000.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
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        <pctVal>0.106379567077</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Intouch Holdings PCL</name>
        <lei>529900UDPDZWDBCCDO79</lei>
        <title>Intouch Holdings PCL</title>
        <cusip>000000000</cusip>
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          <isin value="TH0201A10Y19"/>
          <ticker value="INTUCH/F"/>
          <other otherDesc="SEDOL" value="BKXLD88"/>
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        <balance>189000.00000000</balance>
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        <currencyConditional curCd="THB" exchangeRt="32.86750000"/>
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        <pctVal>0.074783635100</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</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>Ayala Land Inc</name>
        <lei>254900EWT10TQ6DKTV34</lei>
        <title>Ayala Land Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PHY0488F1004"/>
          <ticker value="ALI"/>
          <other otherDesc="SEDOL" value="6055112"/>
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        <balance>280700.00000000</balance>
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        <currencyConditional curCd="PHP" exchangeRt="49.98500000"/>
        <valUSD>183632.89000000</valUSD>
        <pctVal>0.037015887349</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</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>China Railway Group Ltd</name>
        <lei>529900TFRLG8UDJ7QA89</lei>
        <title>China Railway Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000007Z2"/>
          <ticker value="390"/>
          <other otherDesc="SEDOL" value="B297KM7"/>
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        <balance>397000.00000000</balance>
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        <valUSD>184069.22000000</valUSD>
        <pctVal>0.037103840776</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vedanta Ltd</name>
        <lei>335800XDKX9KB5EMCO07</lei>
        <title>Vedanta Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE205A01025"/>
          <ticker value="VEDL"/>
          <other otherDesc="SEDOL" value="6136040"/>
        </identifiers>
        <balance>66181.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>269254.82000000</valUSD>
        <pctVal>0.054275168709</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Maruti Suzuki India Ltd</name>
        <lei>335800D27PBEESKKD357</lei>
        <title>Maruti Suzuki India Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE585B01010"/>
          <ticker value="MSIL"/>
          <other otherDesc="SEDOL" value="6633712"/>
        </identifiers>
        <balance>3063.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>287789.90000000</valUSD>
        <pctVal>0.058011386296</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA OVERSEAS</name>
        <lei>529900I6W35GYKRIZ151</lei>
        <title>China Overseas Land &amp; Investment Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0688002218"/>
          <ticker value="688"/>
          <other otherDesc="SEDOL" value="6192150"/>
        </identifiers>
        <balance>102500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>214834.31000000</valUSD>
        <pctVal>0.043305328460</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banco Santander Brasil SA</name>
        <lei>549300D1H731B30TSI43</lei>
        <title>Banco Santander Brasil SA</title>
        <cusip>05967A107</cusip>
        <identifiers>
          <isin value="US05967A1079"/>
          <ticker value="BSBR"/>
        </identifiers>
        <balance>80345.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>623477.20000000</valUSD>
        <pctVal>0.125677713833</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wal-Mart de Mexico SAB de CV</name>
        <lei>N/A</lei>
        <title>Wal-Mart de Mexico SAB de CV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MX01WA000038"/>
          <ticker value="WALMEX*"/>
          <other otherDesc="SEDOL" value="BW1YVH8"/>
        </identifiers>
        <balance>89892.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="19.90625000"/>
        <valUSD>296144.04000000</valUSD>
        <pctVal>0.059695376050</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PetroChina Co Ltd</name>
        <lei>529900RPY4YG47TRSV05</lei>
        <title>PetroChina Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000003W8"/>
          <ticker value="857"/>
          <other otherDesc="SEDOL" value="6226576"/>
        </identifiers>
        <balance>3250000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>1357662.03000000</valUSD>
        <pctVal>0.273671370964</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banco Bradesco SA</name>
        <lei>549300CTUU1RFXHQJE44</lei>
        <title>Banco Bradesco SA</title>
        <cusip>059460303</cusip>
        <identifiers>
          <isin value="US0594603039"/>
          <ticker value="BBD"/>
        </identifiers>
        <balance>180398.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>842458.66000000</valUSD>
        <pctVal>0.169819006033</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kumho Petrochemical Co Ltd</name>
        <lei>N/A</lei>
        <title>Kumho Petrochemical Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7011780004"/>
          <ticker value="011780"/>
          <other otherDesc="SEDOL" value="6499323"/>
        </identifiers>
        <balance>1057.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>187243.08000000</valUSD>
        <pctVal>0.037743613119</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Safaricom PLC</name>
        <lei>N/A</lei>
        <title>Safaricom PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KE1000001402"/>
          <ticker value="SAFCOM"/>
          <other otherDesc="SEDOL" value="B2QN3J6"/>
        </identifiers>
        <balance>2035700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KES" exchangeRt="108.60000000"/>
        <valUSD>787233.12000000</valUSD>
        <pctVal>0.158686891478</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRSA Inversiones y Representac</name>
        <lei>549300QJINFBX83IZ837</lei>
        <title>IRSA Inversiones y Representaciones SA</title>
        <cusip>450047204</cusip>
        <identifiers>
          <isin value="US4500472042"/>
          <ticker value="IRS"/>
        </identifiers>
        <balance>34601.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>155704.50000000</valUSD>
        <pctVal>0.031386208819</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="994.50000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Enel Americas SA</name>
        <lei>549300LKH11TFCJLZK20</lei>
        <title>Enel Americas SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CLP371861061"/>
          <ticker value="ENELAM"/>
          <other otherDesc="SEDOL" value="2299453"/>
        </identifiers>
        <balance>1213518.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="758.88500000"/>
        <valUSD>168654.99000000</valUSD>
        <pctVal>0.033996710015</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PTT PCL</name>
        <lei>549300QOGMPTKB6W7G56</lei>
        <title>PTT PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0646010Z18"/>
          <ticker value="PTT/F"/>
          <other otherDesc="SEDOL" value="BD0BDJ3"/>
        </identifiers>
        <balance>183600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.86750000"/>
        <valUSD>194156.84000000</valUSD>
        <pctVal>0.039137257587</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Micron Technology Inc</name>
        <lei>B3DXGBC8GAIYWI2Z0172</lei>
        <title>Micron Technology Inc</title>
        <cusip>595112103</cusip>
        <identifiers>
          <isin value="US5951121038"/>
          <ticker value="MU"/>
        </identifiers>
        <balance>37549.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2913051.42000000</valUSD>
        <pctVal>0.587199728788</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SINOPEC CORP</name>
        <lei>529900A2OB24EZ5B3J19</lei>
        <title>China Petroleum &amp; Chemical Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000002Q2"/>
          <ticker value="386"/>
          <other otherDesc="SEDOL" value="6291819"/>
        </identifiers>
        <balance>1593650.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>728729.41000000</valUSD>
        <pctVal>0.146893978243</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SK Telecom Co Ltd</name>
        <lei>9884003WEA1PHW006037</lei>
        <title>SK Telecom Co Ltd</title>
        <cusip>78440P108</cusip>
        <identifiers>
          <isin value="US78440P1084"/>
          <ticker value="SKM"/>
        </identifiers>
        <balance>127863.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3716977.41000000</valUSD>
        <pctVal>0.749251493496</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Locaweb Servicos de Internet S</name>
        <lei>N/A</lei>
        <title>Locaweb Servicos de Internet SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRLWSAACNOR8"/>
          <ticker value="LWSA3"/>
          <other otherDesc="SEDOL" value="BL3W4C9"/>
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        <balance>285400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.20825000"/>
        <valUSD>1370489.90000000</valUSD>
        <pctVal>0.276257154975</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Surgutneftegas PJSC</name>
        <lei>2138002GZLU65FRAC894</lei>
        <title>Surgutneftegas PJSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="RU0008926258"/>
          <ticker value="SNGS"/>
          <other otherDesc="SEDOL" value="B5BHQP1"/>
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        <balance>481147.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="73.14375000"/>
        <valUSD>213862.95000000</valUSD>
        <pctVal>0.043109526105</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <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>Telefonica Brasil SA</name>
        <lei>529900MTGG2HSDBIWG79</lei>
        <title>Telefonica Brasil SA</title>
        <cusip>87936R205</cusip>
        <identifiers>
          <isin value="US87936R2058"/>
          <ticker value="VIV"/>
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        <balance>73004.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>582571.92000000</valUSD>
        <pctVal>0.117432212516</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CGN Power Co Ltd</name>
        <lei>529900D2UINCGWQYBK45</lei>
        <title>CGN Power Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100001T80"/>
          <ticker value="1816"/>
          <other otherDesc="SEDOL" value="BSBMM04"/>
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        <balance>2081000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>449822.86000000</valUSD>
        <pctVal>0.090673257458</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Exxaro Resources Ltd</name>
        <lei>378900BC3D9BFF4E4A37</lei>
        <title>Exxaro Resources Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000084992"/>
          <ticker value="EXX"/>
          <other otherDesc="SEDOL" value="6418801"/>
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        <balance>35868.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="14.65125000"/>
        <valUSD>443868.41000000</valUSD>
        <pctVal>0.089472986360</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Baosight</name>
        <lei>N/A</lei>
        <title>Shanghai Baosight Software Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE000000C66"/>
          <ticker value="600845"/>
          <other otherDesc="SEDOL" value="BP3RCN9"/>
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        <balance>366199.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.45630000"/>
        <valUSD>3792871.36000000</valUSD>
        <pctVal>0.764549852650</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Taiwan Mobile Co Ltd</name>
        <lei>N/A</lei>
        <title>Taiwan Mobile Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0003045001"/>
          <ticker value="3045"/>
          <other otherDesc="SEDOL" value="6290496"/>
        </identifiers>
        <balance>59000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>219417.13000000</valUSD>
        <pctVal>0.044229112587</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hankook Tire &amp; Technology Co L</name>
        <lei>9884001BIEVM09M7AH02</lei>
        <title>Hankook Tire &amp; Technology Co Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="KR7161390000"/>
          <ticker value="161390"/>
          <other otherDesc="SEDOL" value="B7T5KQ0"/>
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        <balance>12026.00000000</balance>
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        <pctVal>0.102033297435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bank Central Asia Tbk PT</name>
        <lei>254900BR956G2OHVOM21</lei>
        <title>Bank Central Asia Tbk PT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ID1000109507"/>
          <ticker value="BBCA"/>
          <other otherDesc="SEDOL" value="B01C1P6"/>
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        <balance>653000.00000000</balance>
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        <valUSD>1348025.30000000</valUSD>
        <pctVal>0.271728842520</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</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>PhosAgro PJSC</name>
        <lei>25340053KRUNNYUWF472</lei>
        <title>PhosAgro PJSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="RU000A0JRKT8"/>
          <ticker value="PHOR"/>
          <other otherDesc="SEDOL" value="B3ZQM29"/>
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        <balance>4029.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Samsung Life Insurance Co Ltd</name>
        <lei>988400VYE6E0WYSM4S92</lei>
        <title>Samsung Life Insurance Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7032830002"/>
          <ticker value="032830"/>
          <other otherDesc="SEDOL" value="B12C0T9"/>
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        <balance>10905.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cholamandalam Investment and F</name>
        <lei>3358008DNPV45O4EII52</lei>
        <title>Cholamandalam Investment and Finance Co Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="INE121A01024"/>
          <ticker value="CIFC"/>
          <other otherDesc="SEDOL" value="BJ9K2H4"/>
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        <balance>337000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Orbia Advance Corp SAB de CV</name>
        <lei>549300MVHZ20SBIOEQ79</lei>
        <title>Orbia Advance Corp SAB de CV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MX01OR010004"/>
          <ticker value="ORBIA*"/>
          <other otherDesc="SEDOL" value="BH3T8K8"/>
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        <balance>105798.00000000</balance>
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        <currencyConditional curCd="MXN" exchangeRt="19.90625000"/>
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        <pctVal>0.058119979037</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ZTO Express Cayman Inc</name>
        <lei>549300SCJPK3YZJTJR78</lei>
        <title>ZTO Express Cayman Inc</title>
        <cusip>98980A105</cusip>
        <identifiers>
          <isin value="US98980A1051"/>
          <ticker value="ZTO"/>
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        <balance>12975.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>351103.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mobile TeleSystems PJSC</name>
        <lei>2534008FX8EXH1FMJA74</lei>
        <title>Mobile TeleSystems PJSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="RU0007775219"/>
          <ticker value="MTSS"/>
          <other otherDesc="SEDOL" value="B59FPS3"/>
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        <balance>85534.00000000</balance>
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        <currencyConditional curCd="RUB" exchangeRt="73.14375000"/>
        <valUSD>368209.48000000</valUSD>
        <pctVal>0.074222001475</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Geely Automobile Holdings Ltd</name>
        <lei>549300YS3T1KVQ2SNI84</lei>
        <title>Geely Automobile Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG3777B1032"/>
          <ticker value="175"/>
          <other otherDesc="SEDOL" value="6531827"/>
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        <balance>63000.00000000</balance>
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        <valUSD>211326.44000000</valUSD>
        <pctVal>0.042598227893</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <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>
        <name>Jiangxi Copper Co Ltd</name>
        <lei>3003002E74YFQ6MEZY56</lei>
        <title>Jiangxi Copper Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000003K3"/>
          <ticker value="358"/>
          <other otherDesc="SEDOL" value="6000305"/>
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        <balance>90000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHINA RES BEER</name>
        <lei>N/A</lei>
        <title>China Resources Beer Holdings Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0291001490"/>
          <ticker value="291"/>
          <other otherDesc="SEDOL" value="6972459"/>
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        <balance>56000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oberoi Realty Ltd</name>
        <lei>335800TCKG1XQXN51L44</lei>
        <title>Oberoi Realty Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE093I01010"/>
          <ticker value="OBER"/>
          <other otherDesc="SEDOL" value="B4MXNL6"/>
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        <balance>132000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Transneft PJSC</name>
        <lei>N/A</lei>
        <title>Transneft PJSC</title>
        <cusip>000000000</cusip>
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          <isin value="RU0009091573"/>
          <ticker value="TRNFP"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ICE FUTURES U.S., INC.</name>
        <lei>5493004R83R1LVX2IL36</lei>
        <title>MSCI EMERGING MARKETS INDEX</title>
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          <ticker value="MESU1"/>
          <other otherDesc="ID_BB_GLOBAL" value="BBG00MH49GQ1"/>
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        <curCd>USD</curCd>
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        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Coal India Ltd</name>
        <lei>335800NLJQZNHM9LBB31</lei>
        <title>Coal India Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="INE522F01014"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ICTSI</name>
        <lei>254900FU1MWK0I0Q4J61</lei>
        <title>International Container Terminal Services Inc</title>
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          <isin value="PHY411571011"/>
          <ticker value="ICT"/>
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        <assetCat>EC</assetCat>
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        <invCountry>PH</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>SK Inc</name>
        <lei>988400GMME8AOAFMDK34</lei>
        <title>SK Inc</title>
        <cusip>000000000</cusip>
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        <invCountry>KR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>FUYAO GLASS</name>
        <lei>549300AS5CSLWETN0P64</lei>
        <title>Fuyao Glass Industry Group Co Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="CNE100001TR7"/>
          <ticker value="3606"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>HDFC Bank Ltd</name>
        <lei>335800ZQ6I4E2JXENC50</lei>
        <title>HDFC Bank Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="INE040A01034"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Lotte Chemical Corp</name>
        <lei>988400TPNFJZDPI94Y56</lei>
        <title>Lotte Chemical Corp</title>
        <cusip>000000000</cusip>
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          <isin value="KR7011170008"/>
          <ticker value="011170"/>
          <other otherDesc="SEDOL" value="6440020"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Pharmaron Beijing Co Ltd</name>
        <lei>300300JYXHGVS5SNGG54</lei>
        <title>Pharmaron Beijing Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100003PG4"/>
          <ticker value="3759"/>
          <other otherDesc="SEDOL" value="BK72QD3"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banco Santander Mexico SA Inst</name>
        <lei>SCRYQ25DTVRHYYMM6P89</lei>
        <title>Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand</title>
        <cusip>05969B103</cusip>
        <identifiers>
          <isin value="US05969B1035"/>
          <ticker value="BSMX"/>
        </identifiers>
        <balance>215375.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1262097.50000000</valUSD>
        <pctVal>0.254407905269</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JSL SA</name>
        <lei>N/A</lei>
        <title>JSL SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRJSLGACNOR2"/>
          <ticker value="JSLG3"/>
          <other otherDesc="SEDOL" value="B5LBY82"/>
        </identifiers>
        <balance>1016400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.20825000"/>
        <valUSD>2238392.55000000</valUSD>
        <pctVal>0.451205045423</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grasim Industries Ltd</name>
        <lei>335800WLY7FOIT3ERV21</lei>
        <title>Grasim Industries Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE047A01021"/>
          <ticker value="GRASIM"/>
          <other otherDesc="SEDOL" value="BYQKH33"/>
        </identifiers>
        <balance>31299.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>654027.55000000</valUSD>
        <pctVal>0.131835915200</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Resources Cement Holding</name>
        <lei>529900E0EOYXYJ0GHY66</lei>
        <title>China Resources Cement Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG2113L1068"/>
          <ticker value="1313"/>
          <other otherDesc="SEDOL" value="B41XC98"/>
        </identifiers>
        <balance>222000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>183403.14000000</valUSD>
        <pctVal>0.036969575383</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sri Trang Gloves Thailand PCL</name>
        <lei>N/A</lei>
        <title>Sri Trang Gloves Thailand PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH9829010Z11"/>
          <ticker value="STGT/F"/>
          <other otherDesc="SEDOL" value="BMGJNP0"/>
        </identifiers>
        <balance>168300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.86750000"/>
        <valUSD>192020.99000000</valUSD>
        <pctVal>0.038706722605</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Haier Smart Home Co Ltd</name>
        <lei>3003002BYTNGNJTWSH07</lei>
        <title>Haier Smart Home Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000048K8"/>
          <ticker value="6690"/>
          <other otherDesc="SEDOL" value="BLD4QD0"/>
        </identifiers>
        <balance>189400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>649580.33000000</valUSD>
        <pctVal>0.130939464708</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tata Consultancy Services Ltd</name>
        <lei>335800ZJKU9GPQRE2U66</lei>
        <title>Tata Consultancy Services Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE467B01029"/>
          <ticker value="TCS"/>
          <other otherDesc="SEDOL" value="B01NPJ1"/>
        </identifiers>
        <balance>7592.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>323675.10000000</valUSD>
        <pctVal>0.065244962595</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mphasis Ltd</name>
        <lei>335800NSYTIQLQKUYP62</lei>
        <title>Mphasis Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE356A01018"/>
          <ticker value="MPHL"/>
          <other otherDesc="SEDOL" value="6151593"/>
        </identifiers>
        <balance>19348.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>676676.21000000</valUSD>
        <pctVal>0.136401329637</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Accton Technology Corp</name>
        <lei>529900M1YRZ0GWMDF920</lei>
        <title>Accton Technology Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002345006"/>
          <ticker value="2345"/>
          <other otherDesc="SEDOL" value="6005214"/>
        </identifiers>
        <balance>32000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>374615.00000000</valUSD>
        <pctVal>0.075513197223</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Weibo Corp</name>
        <lei>549300Q9ID4640FE0422</lei>
        <title>Weibo Corp</title>
        <cusip>948596101</cusip>
        <identifiers>
          <isin value="US9485961018"/>
          <ticker value="WB"/>
        </identifiers>
        <balance>21766.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1227602.40000000</valUSD>
        <pctVal>0.247454539041</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MRF Ltd</name>
        <lei>335800EQP78LTJ76DZ82</lei>
        <title>MRF Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE883A01011"/>
          <ticker value="MRF"/>
          <other otherDesc="SEDOL" value="6214128"/>
        </identifiers>
        <balance>245.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>263457.34000000</valUSD>
        <pctVal>0.053106538914</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sohu.com Ltd</name>
        <lei>N/A</lei>
        <title>Sohu.com Ltd</title>
        <cusip>83410S108</cusip>
        <identifiers>
          <isin value="US83410S1087"/>
          <ticker value="SOHU"/>
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        <balance>38877.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>772485.99000000</valUSD>
        <pctVal>0.155714231718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Westwing Comercio Varejista Lt</name>
        <lei>N/A</lei>
        <title>Westwing Comercio Varejista Ltda</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRWESTACNOR3"/>
          <ticker value="WEST3"/>
          <other otherDesc="SEDOL" value="BMZ2X83"/>
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        <balance>298100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.20825000"/>
        <valUSD>504822.54000000</valUSD>
        <pctVal>0.101759844175</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hyundai Motor Co</name>
        <lei>9884004RQX8PRBXQ8S60</lei>
        <title>Hyundai Motor Co</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7005380001"/>
          <ticker value="005380"/>
          <other otherDesc="SEDOL" value="6451055"/>
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        <balance>1373.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>261302.59000000</valUSD>
        <pctVal>0.052672194155</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Georgia Capital PLC</name>
        <lei>213800Q65T5GNBOW7H65</lei>
        <title>Georgia Capital PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BF4HYV08"/>
          <ticker value="CGEO"/>
          <other otherDesc="SEDOL" value="BF4HYV0"/>
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        <balance>58372.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.71942000"/>
        <valUSD>510355.40000000</valUSD>
        <pctVal>0.102875133067</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Grupo Televisa SAB</name>
        <lei>549300O4AF0C816ILN62</lei>
        <title>Grupo Televisa SAB</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MXP4987V1378"/>
          <ticker value="TLEVICPO"/>
          <other otherDesc="SEDOL" value="2380108"/>
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        <balance>148450.00000000</balance>
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        <currencyConditional curCd="MXN" exchangeRt="19.90625000"/>
        <valUSD>402180.65000000</valUSD>
        <pctVal>0.081069756264</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</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>China Resources Gas Group Ltd</name>
        <lei>529900A0E1J5JSOKEK83</lei>
        <title>China Resources Gas Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG2113B1081"/>
          <ticker value="1193"/>
          <other otherDesc="SEDOL" value="6535517"/>
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        <balance>52000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>320518.84000000</valUSD>
        <pctVal>0.064608737980</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ford Otomotiv Sanayi AS</name>
        <lei>7890006XJG6ZE2H34671</lei>
        <title>Ford Otomotiv Sanayi AS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TRAOTOSN91H6"/>
          <ticker value="FROTO"/>
          <other otherDesc="SEDOL" value="B03MSR5"/>
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        <balance>11001.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="8.42600000"/>
        <valUSD>225296.21000000</valUSD>
        <pctVal>0.045414190941</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</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>Chroma ATE Inc</name>
        <lei>N/A</lei>
        <title>Chroma ATE Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002360005"/>
          <ticker value="2360"/>
          <other otherDesc="SEDOL" value="6212100"/>
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        <balance>191500.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>1348990.95000000</valUSD>
        <pctVal>0.271923493880</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</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>BIM Birlesik Magazalar AS</name>
        <lei>7890001GCDJQD8DJKE29</lei>
        <title>BIM Birlesik Magazalar AS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TREBIMM00018"/>
          <ticker value="BIMAS"/>
          <other otherDesc="SEDOL" value="B0D0006"/>
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        <balance>23232.00000000</balance>
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        <currencyConditional curCd="TRY" exchangeRt="8.42600000"/>
        <valUSD>174805.22000000</valUSD>
        <pctVal>0.035236445560</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Vale SA</name>
        <lei>254900SMTWBX7RU2SR20</lei>
        <title>Vale SA</title>
        <cusip>91912E105</cusip>
        <identifiers>
          <isin value="US91912E1055"/>
          <ticker value="VALE"/>
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        <balance>51142.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1075004.84000000</valUSD>
        <pctVal>0.216694613133</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Manila Electric Co</name>
        <lei>254900RDFLCM12O8SK69</lei>
        <title>Manila Electric Co</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PHY5764J1483"/>
          <ticker value="MER"/>
          <other otherDesc="SEDOL" value="B247XZ6"/>
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        <balance>53130.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="49.98500000"/>
        <valUSD>282036.66000000</valUSD>
        <pctVal>0.056851674200</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Samsung SDI Co Ltd</name>
        <lei>9884002AESDO4YW87G32</lei>
        <title>Samsung SDI Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7006400006"/>
          <ticker value="006400"/>
          <other otherDesc="SEDOL" value="6771645"/>
        </identifiers>
        <balance>3230.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>2085091.71000000</valUSD>
        <pctVal>0.420303355514</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SBERBANK OF RUSSIA PJSC</name>
        <lei>549300WE6TAF5EEWQS81</lei>
        <title>SBERBANK PJSC -SPONSORED ADR</title>
        <cusip>80585Y308</cusip>
        <identifiers>
          <isin value="US80585Y3080"/>
          <ticker value="SBER"/>
        </identifiers>
        <balance>336115.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5589592.45000000</valUSD>
        <pctVal>1.126724762956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Reliance Industries Ltd</name>
        <lei>5493003UOETFYRONLG31</lei>
        <title>Reliance Industries Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IN9002A01032"/>
          <ticker value="RILPP"/>
          <other otherDesc="SEDOL" value="BMFB937"/>
        </identifiers>
        <balance>7667.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>145784.78000000</valUSD>
        <pctVal>0.029386636531</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cemex SAB de CV</name>
        <lei>549300RIG2CXWN6IV731</lei>
        <title>Cemex SAB de CV</title>
        <cusip>151290889</cusip>
        <identifiers>
          <isin value="US1512908898"/>
          <ticker value="CX"/>
        </identifiers>
        <balance>92460.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>751699.80000000</valUSD>
        <pctVal>0.151524245559</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Steel Corp</name>
        <lei>529900D3N7UIJMVJ9120</lei>
        <title>China Steel Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002002003"/>
          <ticker value="2002"/>
          <other otherDesc="SEDOL" value="6190950"/>
        </identifiers>
        <balance>428000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>558184.54000000</valUSD>
        <pctVal>0.112516314765</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhongsheng Group Holdings Ltd</name>
        <lei>3003005VYMEBAJNJ2Y26</lei>
        <title>Zhongsheng Group Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG9894K1085"/>
          <ticker value="881"/>
          <other otherDesc="SEDOL" value="B633D97"/>
        </identifiers>
        <balance>37500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>345609.14000000</valUSD>
        <pctVal>0.069666327165</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Education Group Holdings</name>
        <lei>549300A81YHS5D5PYD04</lei>
        <title>China Education Group Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG2163M1033"/>
          <ticker value="839"/>
          <other otherDesc="SEDOL" value="BF13433"/>
        </identifiers>
        <balance>2489000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>4513425.31000000</valUSD>
        <pctVal>0.909795858646</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LG Innotek Co Ltd</name>
        <lei>988400KTHH2LMUX7EB48</lei>
        <title>LG Innotek Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7011070000"/>
          <ticker value="011070"/>
          <other otherDesc="SEDOL" value="B39Z8G8"/>
        </identifiers>
        <balance>1402.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>277123.85000000</valUSD>
        <pctVal>0.055861372183</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zee Entertainment Enterprises</name>
        <lei>254900EQIYPXZEO10B94</lei>
        <title>Zee Entertainment Enterprises Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE256A01028"/>
          <ticker value="Z"/>
          <other otherDesc="SEDOL" value="6188535"/>
        </identifiers>
        <balance>47885.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="74.41500000"/>
        <valUSD>130725.67000000</valUSD>
        <pctVal>0.026351089253</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HON HAI PRECISION INDUSTRY CO LTD</name>
        <lei>30030004CM3GSZXX7O56</lei>
        <title>HON HAI PRECISION INDUSTRY</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002317005"/>
          <ticker value="2317"/>
          <other otherDesc="SEDOL" value="6438564"/>
        </identifiers>
        <balance>335000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>1323826.73000000</valUSD>
        <pctVal>0.266851004236</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>U-PRESID CHINA</name>
        <lei>529900JUA05094TOKA73</lei>
        <title>Uni-President China Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG9222R1065"/>
          <ticker value="220"/>
          <other otherDesc="SEDOL" value="B29MKF5"/>
        </identifiers>
        <balance>846600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77115000"/>
        <valUSD>851222.82000000</valUSD>
        <pctVal>0.171585645763</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fomento Economico Mexicano SAB</name>
        <lei>549300A8MDWDJNMLV153</lei>
        <title>Fomento Economico Mexicano SAB de CV</title>
        <cusip>344419106</cusip>
        <identifiers>
          <isin value="US3444191064"/>
          <ticker value="FMX"/>
        </identifiers>
        <balance>12480.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1090377.60000000</valUSD>
        <pctVal>0.219793384559</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zai Lab Ltd</name>
        <lei>549300P2UYQ9U5LY1T58</lei>
        <title>Zai Lab Ltd</title>
        <cusip>98887Q104</cusip>
        <identifiers>
          <isin value="US98887Q1040"/>
          <ticker value="ZLAB"/>
        </identifiers>
        <balance>11350.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1641323.50000000</valUSD>
        <pctVal>0.330850567016</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Trip.com Group Ltd</name>
        <lei>2549004RMYDSRQL4KW41</lei>
        <title>Trip.com Group Ltd</title>
        <cusip>89677Q107</cusip>
        <identifiers>
          <isin value="US89677Q1076"/>
          <ticker value="TCOM"/>
        </identifiers>
        <balance>20416.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>529386.88000000</valUSD>
        <pctVal>0.106711412722</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Quanta Computer Inc</name>
        <lei>529900DE8BIV3XOXIK04</lei>
        <title>Quanta Computer Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002382009"/>
          <ticker value="2382"/>
          <other otherDesc="SEDOL" value="6141011"/>
        </identifiers>
        <balance>235000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>650984.16000000</valUSD>
        <pctVal>0.131222442409</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SK Hynix Inc</name>
        <lei>988400XAIK6XISWQV045</lei>
        <title>SK Hynix Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7000660001"/>
          <ticker value="000660"/>
          <other otherDesc="SEDOL" value="6450267"/>
        </identifiers>
        <balance>97820.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1150.25000000"/>
        <valUSD>9576221.99000000</valUSD>
        <pctVal>1.930331513114</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Taiwan Cement Corp</name>
        <lei>529900C56C3PB9X9ZO58</lei>
        <title>Taiwan Cement Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0001101004"/>
          <ticker value="1101"/>
          <other otherDesc="SEDOL" value="6869937"/>
        </identifiers>
        <balance>276679.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="27.96500000"/>
        <valUSD>521791.70000000</valUSD>
        <pctVal>0.105180410692</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2021-09-29</ncom:dateSigned>
      <ncom:nameOfApplicant>Voya Mutual Funds</ncom:nameOfApplicant>
      <ncom:signature>Tin Bui</ncom:signature>
      <ncom:signerName>Tin Bui</ncom:signerName>
      <ncom:title>Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
