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          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>


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        <classId>C000002758</classId>
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      <regFileNumber>811-07436</regFileNumber>
      <regCik>0000896162</regCik>
      <regLei>549300FSKWEXKF6YBM56</regLei>
      <regStreet1>6300 BEE CAVE ROAD</regStreet1>
      <regStreet2>BUILDING ONE</regStreet2>
      <regCity>AUSTIN</regCity>
      <regStateConditional regCountry="US" regState="US-TX"/>
      <regZipOrPostalCode>78746</regZipOrPostalCode>
      <regPhone>512-306-7400</regPhone>
      <seriesName>THE ASIA PACIFIC SMALL COMPANY SERIES</seriesName>
      <seriesId>S000001007</seriesId>
      <seriesLei>549300CBGM4U9R4DEL16</seriesLei>
      <repPdEnd>2025-10-31</repPdEnd>
      <repPdDate>2025-07-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="12227.16000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hong Fok Corp Ltd</name>
        <lei>254900AL3H0NQC2CPU32</lei>
        <title>Hong Fok Corp. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1J14885763"/>
        </identifiers>
        <balance>1380394.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>859064.56000000</valUSD>
        <pctVal>0.060490761997</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Enero Group Ltd</name>
        <lei>N/A</lei>
        <title>Enero Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000EGG9"/>
        </identifiers>
        <balance>434520.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>279592.21000000</valUSD>
        <pctVal>0.019687397919</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="15717.03000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SKY Network Television Ltd</name>
        <lei>984500A70R6143A96068</lei>
        <title>SKY Network Television Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZSKTE0001S6"/>
        </identifiers>
        <balance>454322.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69750500"/>
        <valUSD>827083.34000000</valUSD>
        <pctVal>0.058238814405</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mermaid Maritime PCL</name>
        <lei>N/A</lei>
        <title>Mermaid Maritime PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0955010002"/>
        </identifiers>
        <balance>107200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>10056.69000000</valUSD>
        <pctVal>0.000708138677</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>FleetPartners Group Ltd</name>
        <lei>N/A</lei>
        <title>FleetPartners Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000272924"/>
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        <balance>1402911.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>2467667.92000000</valUSD>
        <pctVal>0.173760063898</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Capral Ltd</name>
        <lei>5299001LIFP42ALG9922</lei>
        <title>Capral Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000CAA9"/>
        </identifiers>
        <balance>78536.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>563102.33000000</valUSD>
        <pctVal>0.039650674245</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>American Rare Earths Ltd</name>
        <lei>5299000NZYD6VHPGDR70</lei>
        <title>American Rare Earths Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZARRE0004S7"/>
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        <balance>32519.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>6122.92000000</valUSD>
        <pctVal>0.000431143494</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WEB Travel Group Ltd</name>
        <lei>21380064YZG4XMO4CW38</lei>
        <title>WEB Travel Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000WEB7"/>
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        <balance>2121647.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>6057722.50000000</valUSD>
        <pctVal>0.426552633013</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2568253.92000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Macmahon Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Macmahon Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000MAH3"/>
        </identifiers>
        <balance>6959659.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>1338424.00000000</valUSD>
        <pctVal>0.094244706866</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nine Entertainment Co Holdings Ltd</name>
        <lei>529900WLXD3X7TFOAI42</lei>
        <title>Nine Entertainment Co. Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000NEC4"/>
        </identifiers>
        <balance>5342904.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>5804114.32000000</valUSD>
        <pctVal>0.408694892429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Autosports Group Ltd</name>
        <lei>N/A</lei>
        <title>Autosports Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000ASG2"/>
        </identifiers>
        <balance>32126.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>51914.91000000</valUSD>
        <pctVal>0.003655572131</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="52305.03000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>NagaCorp Ltd</name>
        <lei>549300MMNKN0RBJELS20</lei>
        <title>NagaCorp Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG6382M1096"/>
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        <balance>5619359.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>2959780.10000000</valUSD>
        <pctVal>0.208411988960</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eroad Ltd</name>
        <lei>N/A</lei>
        <title>Eroad Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZERDE0001S5"/>
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        <balance>39322.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69750500"/>
        <valUSD>35708.10000000</valUSD>
        <pctVal>0.002514374680</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hansen Technologies Ltd</name>
        <lei>N/A</lei>
        <title>Hansen Technologies Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000HSN3"/>
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        <balance>1031185.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>3961177.91000000</valUSD>
        <pctVal>0.278925102189</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Galan Lithium Ltd</name>
        <lei>529900DMKODFURRUHR79</lei>
        <title>Galan Lithium Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000021461"/>
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        <balance>1940489.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>167080.46000000</valUSD>
        <pctVal>0.011764918273</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="120104.74000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Qoria Ltd</name>
        <lei>N/A</lei>
        <title>Qoria Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000278491"/>
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        <balance>178701.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>68586.40000000</valUSD>
        <pctVal>0.004829489879</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Summerset Group Holdings Ltd</name>
        <lei>984500B9439EEECA6296</lei>
        <title>Summerset Group Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZSUME0001S0"/>
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        <balance>966130.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69750500"/>
        <valUSD>6505188.26000000</valUSD>
        <pctVal>0.458060794391</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nissin Foods Co Ltd</name>
        <lei>353800BDH75N9VLV9Z07</lei>
        <title>Nissin Foods Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0000376142"/>
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        <balance>1012000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>877064.69000000</valUSD>
        <pctVal>0.061758235515</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="720731.43000000"/>
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      <invstOrSec>
        <name>Carnarvon Energy Ltd</name>
        <lei>529900GGLJF0NFMNGC26</lei>
        <title>Carnarvon Energy Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000CVN8"/>
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        <balance>9685366.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>618434.03000000</valUSD>
        <pctVal>0.043546838575</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="22024.06000000"/>
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      <invstOrSec>
        <name>Emeco Holdings Ltd</name>
        <lei>5299005P968PATHZP480</lei>
        <title>Emeco Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000EHL7"/>
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        <balance>1760688.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>1003258.94000000</valUSD>
        <pctVal>0.070644164114</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="17319.87000000"/>
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      <invstOrSec>
        <name>SmarTone Telecommunications Holdings Ltd</name>
        <lei>529900CT7EGMVQRYNQ45</lei>
        <title>SmarTone Telecommunications Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG8219Z1059"/>
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        <balance>1693481.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>990971.36000000</valUSD>
        <pctVal>0.069778938016</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Strickland Metals Ltd</name>
        <lei>N/A</lei>
        <title>Strickland Metals Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000100901"/>
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        <balance>231568.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>22967.10000000</valUSD>
        <pctVal>0.001617221154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Jumbo Interactive Ltd</name>
        <lei>52990094T9F7X0NC0X54</lei>
        <title>Jumbo Interactive Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000JIN0"/>
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        <balance>208843.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>1404629.65000000</valUSD>
        <pctVal>0.098906556980</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SmartGroup Corp Ltd</name>
        <lei>254900GHFZAMQGOYO431</lei>
        <title>SmartGroup Corp. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000SIQ4"/>
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        <balance>740471.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>3746973.41000000</valUSD>
        <pctVal>0.263841959394</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of East Asia Ltd/The</name>
        <lei>CO6GC26LCGGRTUESIP55</lei>
        <title>Bank of East Asia Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0023000190"/>
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        <balance>4483188.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>6929602.58000000</valUSD>
        <pctVal>0.487945795839</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>Michael Hill International Ltd</name>
        <lei>N/A</lei>
        <title>Michael Hill International Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000MHJ4"/>
        </identifiers>
        <balance>32450.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>8573.91000000</valUSD>
        <pctVal>0.000603729187</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lovisa Holdings Ltd</name>
        <lei>549300R4Y8GURIO5MN11</lei>
        <title>Lovisa Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000LOV7"/>
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        <balance>404882.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>8794761.16000000</valUSD>
        <pctVal>0.619280353222</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GWA Group Ltd</name>
        <lei>N/A</lei>
        <title>GWA Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000GWA4"/>
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        <balance>1200408.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>1947562.09000000</valUSD>
        <pctVal>0.137136974737</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chow Sang Sang Holdings International Ltd</name>
        <lei>N/A</lei>
        <title>Chow Sang Sang Holdings International Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG2113M1203"/>
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        <balance>1755000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>1853783.03000000</valUSD>
        <pctVal>0.130533551591</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Melbana Energy Ltd</name>
        <lei>5493003TNX3SDX7K3L68</lei>
        <title>Melbana Energy Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000MAY8"/>
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        <balance>1489820.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>21046.29000000</valUSD>
        <pctVal>0.001481967920</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="8275.80000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Oshidori International Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Oshidori International Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG6804L1019"/>
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        <balance>18305400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>1081417.74000000</valUSD>
        <pctVal>0.076147691543</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PeopleIN Ltd</name>
        <lei>N/A</lei>
        <title>PeopleIN Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000PPE1"/>
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        <balance>111660.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>50188.26000000</valUSD>
        <pctVal>0.003533990612</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="50499.57000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Vitasoy International Holdings Ltd</name>
        <lei>5493003LPGHN62KWIZ77</lei>
        <title>Vitasoy International Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0345001611"/>
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        <balance>3509000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>4096591.66000000</valUSD>
        <pctVal>0.288460218993</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>PPK MINING EQUIPMENT GROUP</name>
        <lei>N/A</lei>
        <title>PPK Mining Equipment Group Pty. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="936UXE908"/>
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        <balance>22761.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Archer Materials Ltd</name>
        <lei>529900T6QD1K03ADSX77</lei>
        <title>Archer Materials Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000AXE7"/>
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        <balance>451698.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>83610.71000000</valUSD>
        <pctVal>0.005887421964</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="84052.98000000"/>
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      <invstOrSec>
        <name>Flight Centre Travel Group Ltd</name>
        <lei>254900BGNUI78EKEJY68</lei>
        <title>Flight Centre Travel Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000FLT9"/>
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        <balance>1099164.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>8383081.02000000</valUSD>
        <pctVal>0.590292025071</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="5670602.71000000"/>
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      <invstOrSec>
        <name>Sims Ltd</name>
        <lei>5493002YM7ZHVDMFC916</lei>
        <title>Sims Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000SGM7"/>
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        <balance>1029350.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>9988195.79000000</valUSD>
        <pctVal>0.703315678999</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chi Kan Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Chi Kan Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG4465C1069"/>
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        <balance>84000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
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        <pctVal>0.001924124271</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Beacon Minerals Ltd</name>
        <lei>N/A</lei>
        <title>Beacon Minerals Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000BCN0"/>
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        <balance>61172.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
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        <pctVal>0.003525746461</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Objective Corp Ltd</name>
        <lei>N/A</lei>
        <title>Objective Corp. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000OCL7"/>
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        <balance>126409.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>1544286.81000000</valUSD>
        <pctVal>0.108740472171</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Elders Ltd</name>
        <lei>254900Y0SQG962QL6549</lei>
        <title>Elders Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000ELD6"/>
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        <balance>1279561.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
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        <pctVal>0.417426866357</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MA Financial Group Ltd</name>
        <lei>N/A</lei>
        <title>MA Financial Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000156218"/>
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        <balance>627361.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="399487.25000000"/>
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      <invstOrSec>
        <name>First Resources Ltd</name>
        <lei>5493007RRD817HUP4O49</lei>
        <title>First Resources Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1W35938974"/>
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        <balance>2813800.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Shangri-La Asia Ltd</name>
        <lei>529900FVJ8C1OTM8OL03</lei>
        <title>Shangri-La Asia Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG8063F1068"/>
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        <balance>5170000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>2995002.73000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="395896.69000000"/>
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      <invstOrSec>
        <name>Yunfeng Financial Group Ltd</name>
        <lei>254900IR9RJYTPLGWK69</lei>
        <title>Yunfeng Financial Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0000091790"/>
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        <balance>1012000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>465975.08000000</valUSD>
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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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          <loanByFundCondition isLoanByFund="Y" loanVal="362450.80000000"/>
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      <invstOrSec>
        <name>Tribune Resources Ltd</name>
        <lei>549300NZ6HGEFL9P5S11</lei>
        <title>Tribune Resources Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000TBR5"/>
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        <balance>14725.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>42874.25000000</valUSD>
        <pctVal>0.003018976888</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</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>Catapult Group International Ltd</name>
        <lei>N/A</lei>
        <title>Catapult Group International Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000CAT9"/>
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        <balance>283003.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>1198030.58000000</valUSD>
        <pctVal>0.084358948157</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1153101.01000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Frontage Holdings Corp</name>
        <lei>N/A</lei>
        <title>Frontage Holdings Corp.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG3679P1019"/>
        </identifiers>
        <balance>1364000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>254287.48000000</valUSD>
        <pctVal>0.017905573280</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tradelink Electronic Commerce Ltd</name>
        <lei>N/A</lei>
        <title>Tradelink Electronic Commerce Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0536032532"/>
        </identifiers>
        <balance>2870000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>350357.90000000</valUSD>
        <pctVal>0.024670341822</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>Great Eagle Holdings Ltd</name>
        <lei>529900V6LG3TC9XC5S67</lei>
        <title>Great Eagle Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG4069C1486"/>
        </identifiers>
        <balance>1020472.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>1909881.08000000</valUSD>
        <pctVal>0.134483678216</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Audinate Group Ltd</name>
        <lei>N/A</lei>
        <title>Audinate Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000AD88"/>
        </identifiers>
        <balance>282786.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>1107325.97000000</valUSD>
        <pctVal>0.077972011446</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="801966.59000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EnviroSuite Ltd</name>
        <lei>529900X1J8H5IF0I4043</lei>
        <title>EnviroSuite Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000EVS3"/>
        </identifiers>
        <balance>1131191.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>63987.01000000</valUSD>
        <pctVal>0.004505625273</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="3127.14000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pico Far East Holdings Ltd</name>
        <lei>254900NL3DXVIEY4HJ17</lei>
        <title>Pico Far East Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG7082H1276"/>
        </identifiers>
        <balance>3958000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>1289665.64000000</valUSD>
        <pctVal>0.090811402214</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Regina Miracle International Holdings Ltd</name>
        <lei>529900VP8D9D3OQYUC82</lei>
        <title>Regina Miracle International Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG748071019"/>
        </identifiers>
        <balance>1451000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>336463.79000000</valUSD>
        <pctVal>0.023691992417</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="54783.67000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lendlease Corp Ltd</name>
        <lei>549300MQ0F0TIIEK5592</lei>
        <title>Lendlease Corp. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000LLC3"/>
        </identifiers>
        <balance>3907072.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>13131690.14000000</valUSD>
        <pctVal>0.924663849348</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Scott Technology Ltd</name>
        <lei>N/A</lei>
        <title>Scott Technology Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZSCTE0001S3"/>
        </identifiers>
        <balance>56917.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69750500"/>
        <valUSD>69730.95000000</valUSD>
        <pctVal>0.004910083009</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2.46000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HKR International Ltd</name>
        <lei>2549008D4GKSRL4VE775</lei>
        <title>HKR International Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG4520J1040"/>
        </identifiers>
        <balance>2819369.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>334737.40000000</valUSD>
        <pctVal>0.023570429206</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Heartland Group Holdings Ltd</name>
        <lei>5493003WFKAUU0ZULX12</lei>
        <title>Heartland Group Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZHGHE0007S9"/>
        </identifiers>
        <balance>3411177.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69750500"/>
        <valUSD>1625001.56000000</valUSD>
        <pctVal>0.114423976018</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="90931.86000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pacific Current Group Ltd</name>
        <lei>N/A</lei>
        <title>Pacific Current Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000PAC7"/>
        </identifiers>
        <balance>256767.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>1818202.01000000</valUSD>
        <pctVal>0.128028125209</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tourism Holdings Ltd</name>
        <lei>549300V6QK7IM7HZ2F86</lei>
        <title>Tourism Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZHELE0001S9"/>
        </identifiers>
        <balance>558453.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69750500"/>
        <valUSD>692757.34000000</valUSD>
        <pctVal>0.048780291176</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="479266.11000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Keppel Infrastructure Trust</name>
        <lei>254900BF7L1ZCMAZS467</lei>
        <title>Keppel Infrastructure Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1U48933923"/>
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        <balance>19278587.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>6518802.37000000</valUSD>
        <pctVal>0.459019427683</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kader Holdings Co Ltd</name>
        <lei>N/A</lei>
        <title>Kader Holdings Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG5206W1038"/>
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        <balance>14000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>500.44000000</valUSD>
        <pctVal>0.000035238325</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Experience Co Ltd</name>
        <lei>N/A</lei>
        <title>Experience Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000EXP5"/>
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        <balance>102579.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>8233.97000000</valUSD>
        <pctVal>0.000579792419</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSE Global Ltd</name>
        <lei>549300CNUGIB5L3RNJ48</lei>
        <title>CSE Global Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1G47869290"/>
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        <balance>2624201.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>1309703.47000000</valUSD>
        <pctVal>0.092222359739</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Metro Holdings Ltd/Singapore</name>
        <lei>222100DAW2K1Q7UYG311</lei>
        <title>Metro Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1I11878499"/>
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        <balance>1750192.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>586507.08000000</valUSD>
        <pctVal>0.041298712388</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SKS Technologies Group Ltd</name>
        <lei>N/A</lei>
        <title>SKS Technologies Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000124901"/>
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        <balance>29843.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>42378.25000000</valUSD>
        <pctVal>0.002984051204</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IGO Ltd</name>
        <lei>2549005DZO8VGXM5QN07</lei>
        <title>IGO Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000IGO4"/>
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        <balance>2595516.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>7301624.63000000</valUSD>
        <pctVal>0.514141612000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="422369.66000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Aztech Global Ltd</name>
        <lei>N/A</lei>
        <title>Aztech Global Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SGXE54866863"/>
        </identifiers>
        <balance>1209000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>617550.02000000</valUSD>
        <pctVal>0.043484591287</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="362778.49000000"/>
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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"/>
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        <balance>8303000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>2794834.22000000</valUSD>
        <pctVal>0.196797376469</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2824062.52000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ACN 603323182 Ltd</name>
        <lei>N/A</lei>
        <title>ACN Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000AXL2"/>
        </identifiers>
        <balance>1687.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Monadelphous Group Ltd</name>
        <lei>5299007YT51BCWZTYW93</lei>
        <title>Monadelphous Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000MND5"/>
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        <balance>553003.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>6894665.25000000</valUSD>
        <pctVal>0.485485694687</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mongolian Mining Corp</name>
        <lei>254900XQ2EY5O3SAYL47</lei>
        <title>Mongolian Mining Corp.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG6264V1361"/>
        </identifiers>
        <balance>2787000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>2790614.58000000</valUSD>
        <pctVal>0.196500251839</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1783924.51000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KLN Logistics Group Ltd</name>
        <lei>254900G739TFTQCVKO70</lei>
        <title>KLN Logistics Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG524181036"/>
        </identifiers>
        <balance>1881000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>1978060.80000000</valUSD>
        <pctVal>0.139284531851</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Four Seas Mercantile Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Four Seas Mercantile Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG365451049"/>
        </identifiers>
        <balance>610000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>203800.92000000</valUSD>
        <pctVal>0.014350577966</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SRG Global Ltd</name>
        <lei>984500DDOA7EBAC95715</lei>
        <title>SRG Global Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000032914"/>
        </identifiers>
        <balance>3337113.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>3550307.25000000</valUSD>
        <pctVal>0.249993773319</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="400388.15000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wee Hur Holdings Ltd</name>
        <lei>2549003CUAHCW7JG5S36</lei>
        <title>Wee Hur Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1W55939399"/>
        </identifiers>
        <balance>2502900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>1232639.70000000</valUSD>
        <pctVal>0.086795938505</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Judo Capital Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Judo Capital Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000182271"/>
        </identifiers>
        <balance>3637383.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>3508019.87000000</valUSD>
        <pctVal>0.247016120697</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Deterra Royalties Ltd</name>
        <lei>N/A</lei>
        <title>Deterra Royalties Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000107484"/>
        </identifiers>
        <balance>126502.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>334973.24000000</valUSD>
        <pctVal>0.023587035806</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eureka Group Holdings Ltd</name>
        <lei>9845003BEAA44DD7BC36</lei>
        <title>Eureka Group Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000EGH7"/>
        </identifiers>
        <balance>93261.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>33555.77000000</valUSD>
        <pctVal>0.002362819037</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="REIT" issuerCat="OTHER"/>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Resolute Mining Ltd</name>
        <lei>254900MP8JONT590XY28</lei>
        <title>Resolute Mining Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000RSG6"/>
        </identifiers>
        <balance>12851604.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>5066361.06000000</valUSD>
        <pctVal>0.356746227635</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hang Lung Properties Ltd</name>
        <lei>529900CIVTNMXQT59E61</lei>
        <title>Hang Lung Properties Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0101000591"/>
        </identifiers>
        <balance>9850348.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>10144461.82000000</valUSD>
        <pctVal>0.714319102571</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>Sa Sa International Holdings Ltd</name>
        <lei>529900BAE9P80ACWLV78</lei>
        <title>Sa Sa International Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG7814S1021"/>
        </identifiers>
        <balance>978000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>77018.43000000</valUSD>
        <pctVal>0.005423228632</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="36742.04000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Briscoe Group Ltd</name>
        <lei>N/A</lei>
        <title>Briscoe Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZBGRE0001S4"/>
        </identifiers>
        <balance>37124.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69750500"/>
        <valUSD>133149.30000000</valUSD>
        <pctVal>0.009375666267</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="105440.02000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAS Dragon Holdings Ltd</name>
        <lei>N/A</lei>
        <title>SAS Dragon Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG7814X1011"/>
        </identifiers>
        <balance>854368.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>510610.04000000</valUSD>
        <pctVal>0.035954446081</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hong Leong Asia Ltd</name>
        <lei>254900OXRICREAQ3VU73</lei>
        <title>Hong Leong Asia Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1F76860344"/>
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        <balance>928200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>1169717.87000000</valUSD>
        <pctVal>0.082365317548</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Propnex Ltd</name>
        <lei>N/A</lei>
        <title>Propnex Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SGXE65086469"/>
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        <balance>688800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>730802.80000000</valUSD>
        <pctVal>0.051459250329</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="160018.50000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>COG Financial Services Ltd</name>
        <lei>N/A</lei>
        <title>COG Financial Services Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000COG7"/>
        </identifiers>
        <balance>12471.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>14383.09000000</valUSD>
        <pctVal>0.001012780778</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="9972.55000000"/>
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      <invstOrSec>
        <name>China Star Entertainment Ltd</name>
        <lei>N/A</lei>
        <title>China Star Entertainment Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG8437G3195"/>
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        <balance>8110000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>2491852.77000000</valUSD>
        <pctVal>0.175463032538</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GrainCorp Ltd</name>
        <lei>529900XVBL825SSW9081</lei>
        <title>GrainCorp Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000GNC9"/>
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        <balance>1384143.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>6716881.61000000</valUSD>
        <pctVal>0.472967115345</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DUG Technology Ltd</name>
        <lei>N/A</lei>
        <title>DUG Technology Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000095721"/>
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        <balance>75695.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>64833.02000000</valUSD>
        <pctVal>0.004565196802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="65533.90000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Texwinca Holdings Ltd</name>
        <lei>529900NO1K2L86ZO5V14</lei>
        <title>Texwinca Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG8770Z1068"/>
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        <balance>4038000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>447065.76000000</valUSD>
        <pctVal>0.031479995502</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pyxis Group Ltd</name>
        <lei>N/A</lei>
        <title>Pyxis Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG7303E1012"/>
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        <balance>1936000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HKBN Ltd</name>
        <lei>N/A</lei>
        <title>HKBN Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG451581055"/>
        </identifiers>
        <balance>2699000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>1714492.82000000</valUSD>
        <pctVal>0.120725475069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Navigator Global Investments Ltd</name>
        <lei>9845000577CDA8B2C946</lei>
        <title>Navigator Global Investments Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000NGI6"/>
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        <balance>2053211.99000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>2520576.39000000</valUSD>
        <pctVal>0.177485597246</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Turners Automotive Group Ltd</name>
        <lei>984500ECDC840DY8TE62</lei>
        <title>Turners Automotive Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZVNLE0001S1"/>
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        <balance>134800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69750500"/>
        <valUSD>543048.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="147345.74000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Karrie International Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Karrie International Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG5215H1051"/>
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        <balance>2702000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>316568.04000000</valUSD>
        <pctVal>0.022291039411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bund Center Investment Ltd</name>
        <lei>N/A</lei>
        <title>Bund Center Investment Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG1792W1367"/>
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        <balance>659825.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>192941.39000000</valUSD>
        <pctVal>0.013585907562</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nick Scali Ltd</name>
        <lei>9845001BZF7580DX6460</lei>
        <title>Nick Scali Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000NCK1"/>
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        <balance>468273.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>5752102.37000000</valUSD>
        <pctVal>0.405032487256</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1802447.50000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>TEN SIXTY FOUR LIMITED</name>
        <lei>529900OG6K4JKYVRWG11</lei>
        <title>Ten Sixty Four Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="938NDJ903"/>
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        <balance>1044721.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>73852.89000000</valUSD>
        <pctVal>0.005200328124</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tuan Sing Holdings Ltd</name>
        <lei>8755001UMEYVQ6IVUY87</lei>
        <title>Tuan Sing Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG2D13002373"/>
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        <balance>2426018.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>529538.59000000</valUSD>
        <pctVal>0.037287294003</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Neo-Neon Holdings Ltd</name>
        <lei>529900P69ENW7MYQ4X47</lei>
        <title>Neo-Neon Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG642571015"/>
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        <balance>1771500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>82915.00000000</valUSD>
        <pctVal>0.005838433762</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</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>BRC Asia Ltd</name>
        <lei>25490023Q985DSFBME10</lei>
        <title>BRC Asia Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1BG3000008"/>
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        <balance>82200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>226699.29000000</valUSD>
        <pctVal>0.015962959520</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</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>Bukit Sembawang Estates Ltd</name>
        <lei>529900J6WGBZEVNF0B20</lei>
        <title>Bukit Sembawang Estates Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1T88932077"/>
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        <balance>608203.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>2002703.71000000</valUSD>
        <pctVal>0.141019754643</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="256416.04000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Service Stream Ltd</name>
        <lei>N/A</lei>
        <title>Service Stream Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000SSM2"/>
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        <balance>3709486.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>4715954.74000000</valUSD>
        <pctVal>0.332072476334</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dreadnought Resources Ltd</name>
        <lei>N/A</lei>
        <title>Dreadnought Resources Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000040297"/>
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        <balance>5603062.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>39140.78000000</valUSD>
        <pctVal>0.002756085767</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Metals X Ltd</name>
        <lei>549300PYQIA9NE598013</lei>
        <title>Metals X Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000MLX7"/>
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        <balance>4489090.11000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>1662676.72000000</valUSD>
        <pctVal>0.117076860613</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="52754.87000000"/>
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      <invstOrSec>
        <name>Keck Seng Investments Hong Kong Ltd</name>
        <lei>254900LW94WLYFQ21D28</lei>
        <title>Keck Seng Investments Hong Kong Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0184000948"/>
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        <balance>856600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>302242.20000000</valUSD>
        <pctVal>0.021282289873</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>Immutep Ltd</name>
        <lei>529900OL6C5CY5P8BH38</lei>
        <title>Immutep Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000IMM6"/>
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        <balance>6553632.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>1134684.44000000</valUSD>
        <pctVal>0.079898449544</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="277076.61000000"/>
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      <invstOrSec>
        <name>Plover Bay Technologies Ltd</name>
        <lei>N/A</lei>
        <title>Plover Bay Technologies Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG713321035"/>
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        <balance>1675000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>1414169.21000000</valUSD>
        <pctVal>0.099578282110</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>China Energy Development Holdings Ltd</name>
        <lei>N/A</lei>
        <title>China Energy Development Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG2153W1033"/>
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        <balance>47476000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>308908.49000000</valUSD>
        <pctVal>0.021751694596</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Man Wah Holdings Ltd</name>
        <lei>52990005BW6K71UPKX41</lei>
        <title>Man Wah Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG5800U1071"/>
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        <balance>7988800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>4506533.98000000</valUSD>
        <pctVal>0.317326179093</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ARB Corp Ltd</name>
        <lei>98450097B6B8GE0BAE73</lei>
        <title>ARB Corp. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000ARB5"/>
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        <balance>520401.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="21995.62000000"/>
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      <invstOrSec>
        <name>Core Lithium Ltd</name>
        <lei>529900FYS46XFGQKWI31</lei>
        <title>Core Lithium Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000CXO2"/>
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        <balance>2708158.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="167085.44000000"/>
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      <invstOrSec>
        <name>PGG Wrightson Ltd</name>
        <lei>254900SYC5LDX3F29K39</lei>
        <title>PGG Wrightson Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZREIE0001S4"/>
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        <balance>124704.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Imdex Ltd</name>
        <lei>529900H31NX5KRKXB865</lei>
        <title>Imdex Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000IMD5"/>
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        <balance>3205854.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Macquarie Technology Group Ltd</name>
        <lei>N/A</lei>
        <title>Macquarie Technology Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000MAQ4"/>
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        <balance>78620.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Warehouse Group Ltd/The</name>
        <lei>984500B0673A86B0CF52</lei>
        <title>Warehouse Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
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        <balance>373457.00000000</balance>
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        <valUSD>180526.93000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Jupiter Mines Ltd</name>
        <lei>254900OFKP9ZQXBCHE19</lei>
        <title>Jupiter Mines Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000005159"/>
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        <balance>7892603.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>1064219.69000000</valUSD>
        <pctVal>0.074936696237</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="38621.73000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Taung Gold International Ltd</name>
        <lei>N/A</lei>
        <title>Taung Gold International Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG8697W1038"/>
        </identifiers>
        <balance>27400000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>183876.69000000</valUSD>
        <pctVal>0.012947619549</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tuas Ltd</name>
        <lei>N/A</lei>
        <title>Tuas Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000089724"/>
        </identifiers>
        <balance>930261.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>3188759.31000000</valUSD>
        <pctVal>0.224535488333</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hutchison Telecommunications Hong Kong Holdings Ltd</name>
        <lei>254900ZIRESZ56ME6215</lei>
        <title>Hutchison Telecommunications Hong Kong Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG4672G1064"/>
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        <balance>7148000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>982555.89000000</valUSD>
        <pctVal>0.069186365331</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Johns Lyng Group Ltd</name>
        <lei>N/A</lei>
        <title>Johns Lyng Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000JLG8"/>
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        <balance>1255902.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>3125245.26000000</valUSD>
        <pctVal>0.220063166390</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2407692.10000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Singamas Container Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Singamas Container Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0716002271"/>
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        <balance>8116000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>711340.00000000</valUSD>
        <pctVal>0.050088783361</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>Southern Cross Electrical Engineering Ltd</name>
        <lei>N/A</lei>
        <title>Southern Cross Electrical Engineering Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000SXE9"/>
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        <balance>1446876.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>1641096.18000000</valUSD>
        <pctVal>0.115557273646</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mount Gibson Iron Ltd</name>
        <lei>254900QOF9A5FW2FHD67</lei>
        <title>Mount Gibson Iron Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000MGX7"/>
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        <balance>3420302.99000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>855365.34000000</valUSD>
        <pctVal>0.060230282579</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Silver Mines Ltd</name>
        <lei>529900TQJSJASG5XNA13</lei>
        <title>Silver Mines Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000SVL8"/>
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        <balance>5010026.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>413669.39000000</valUSD>
        <pctVal>0.029128400566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="232903.01000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Samudera Shipping Line Ltd</name>
        <lei>254900YRA2OBY5SUJW72</lei>
        <title>Samudera Shipping Line Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1F29855813"/>
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        <balance>1152700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>920706.69000000</valUSD>
        <pctVal>0.064831273280</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="17445.87000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>YesAsia Holdings Ltd</name>
        <lei>2549004SF2TNFAFBX887</lei>
        <title>YesAsia Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0000748381"/>
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        <balance>272000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>160918.66000000</valUSD>
        <pctVal>0.011331037056</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>
        <name>Emperor Capital Group Ltd</name>
        <lei>N/A</lei>
        <title>Emperor Capital Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG313751015"/>
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        <balance>4092000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>47665.28000000</valUSD>
        <pctVal>0.003356335766</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Leo Lithium Ltd</name>
        <lei>984500LD0A57A68EZ677</lei>
        <title>Leo Lithium Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000221251"/>
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        <balance>726998.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="237203.02000000"/>
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      <invstOrSec>
        <name>Maas Group Holdings Ltd</name>
        <lei>9845002E61U3EB3DD061</lei>
        <title>Maas Group Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000118564"/>
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        <balance>303690.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>801702.08000000</valUSD>
        <pctVal>0.056451600930</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="808391.48000000"/>
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      <invstOrSec>
        <name>Catalyst Metals Ltd</name>
        <lei>9845002GB72C3J4A3E64</lei>
        <title>Catalyst Metals Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000CYL6"/>
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        <balance>135323.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>438603.52000000</valUSD>
        <pctVal>0.030884129523</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="445897.58000000"/>
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      <invstOrSec>
        <name>Pacific Basin Shipping Ltd</name>
        <lei>254900LNPK737X4Y3V26</lei>
        <title>Pacific Basin Shipping Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG684371393"/>
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        <balance>25691000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>7423560.09000000</valUSD>
        <pctVal>0.522727659235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="5754542.70000000"/>
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      <invstOrSec>
        <name>OUE Ltd</name>
        <lei>254900MR17VBF15G0543</lei>
        <title>OUE Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG2B80958517"/>
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        <balance>1118300.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>963122.96000000</valUSD>
        <pctVal>0.067818001650</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AUB Group Ltd</name>
        <lei>5493005X7SUBQF3OEG82</lei>
        <title>AUB Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000AUB9"/>
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        <balance>677371.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>14713360.46000000</valUSD>
        <pctVal>1.036036669670</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cettire Ltd</name>
        <lei>N/A</lei>
        <title>Cettire Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="AU0000122210"/>
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        <balance>1410867.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Reliance Worldwide Corp Ltd</name>
        <lei>52990084PQSDDJ8F5447</lei>
        <title>Reliance Worldwide Corp. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000RWC7"/>
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        <balance>4486285.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>12332786.82000000</valUSD>
        <pctVal>0.868409322227</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Healius Ltd</name>
        <lei>529900MBZK3SLWK8SJ55</lei>
        <title>Healius Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000033359"/>
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        <balance>4269945.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>2094649.62000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CTF Services Ltd</name>
        <lei>2549002WHK9XGQC01O62</lei>
        <title>CTF Services Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG668971101"/>
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        <balance>4829000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>4734144.29000000</valUSD>
        <pctVal>0.333353287801</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Tabcorp Holdings Ltd</name>
        <lei>213800OCCFUN67NEY278</lei>
        <title>Tabcorp Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000TAH8"/>
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        <balance>12363054.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>6107442.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</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>UNTRADE.GENTING HK</name>
        <lei>N/A</lei>
        <title>Untrade.Genting</title>
        <cusip>000000000</cusip>
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        <balance>5824000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>0.00000000</valUSD>
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        <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>Raffles Medical Group Ltd</name>
        <lei>254900BARSOMRVZFY947</lei>
        <title>Raffles Medical Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1CH4000003"/>
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        <balance>4093032.00000000</balance>
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      <invstOrSec>
        <name>StarHub Ltd</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Emperor International Holdings Ltd</name>
        <lei>3003002GET5X9UP2V860</lei>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Premier Investments Ltd</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Helia Group Ltd</name>
        <lei>529900RUQ2G0JXJOF423</lei>
        <title>Helia Group Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="AU0000251498"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EML Payments Ltd</name>
        <lei>875500XQSV9MFXDDCD17</lei>
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          <isin value="AU000000EML7"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TOWER Ltd</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>NZ</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cheuk Nang Holdings Ltd</name>
        <lei>875500R11RHHFLXXDG07</lei>
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          <isin value="HK0131037993"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>HK</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Dickson Concepts International Ltd</name>
        <lei>N/A</lei>
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          <isin value="BMG275871231"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Alkane Resources Ltd</name>
        <lei>529900R65IIVLPW4ZS42</lei>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Chrysos Corp Ltd</name>
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        <payoffProfile>Long</payoffProfile>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EQT Holdings Ltd</name>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>IRESS Ltd</name>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Infomedia Ltd</name>
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        <name>UOL Group Ltd</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Asia Financial Holdings Ltd</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sandfire Resources Ltd</name>
        <lei>213800ZW52P23FVH1V47</lei>
        <title>Sandfire Resources Ltd.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Grand Venture Technology Ltd</name>
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        <name>Ricegrowers Ltd</name>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Hyflux Ltd</name>
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        <fairValLevel>3</fairValLevel>
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        <name>EVT Ltd</name>
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        <name>Elanor Investor Group</name>
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        <fairValLevel>3</fairValLevel>
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        <name>WILUNA MINING CORPORATION LIMI</name>
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        <name>QAF Ltd</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Coronado Global Resources Inc</name>
        <lei>N/A</lei>
        <title>Coronado Global Resources, Inc.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000026122"/>
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        <balance>3986359.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Bright Smart Securities &amp; Commodities Group Ltd</name>
        <lei>N/A</lei>
        <title>Bright Smart Securities &amp; Commodities Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG1644A1004"/>
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        <balance>4116000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Jurong Technologies Industrial Corp Ltd</name>
        <lei>N/A</lei>
        <title>Jurong Technologies Industrial Corp. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1I32881126"/>
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        <balance>2227680.00000000</balance>
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        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Geo Energy Resources Ltd</name>
        <lei>254900KDTNYQVU0QS743</lei>
        <title>Geo Energy Resources Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="SG2F24986083"/>
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        <balance>3225900.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Paliburg Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Paliburg Holdings Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="BMG687662301"/>
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        <balance>726830.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Oceania Healthcare Ltd</name>
        <lei>N/A</lei>
        <title>Oceania Healthcare Ltd.</title>
        <cusip>000000000</cusip>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hotel Grand Central Ltd</name>
        <lei>N/A</lei>
        <title>Hotel Grand Central Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="SG1J41888780"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sinohope Technology Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Sinohope Technology Holdings Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="VGG4671J1012"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Shriro Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Shriro Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000SHM5"/>
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        <balance>19558.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dah Sing Banking Group Ltd</name>
        <lei>529900DXBMKJOLLQOM66</lei>
        <title>Dah Sing Banking Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK2356013600"/>
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        <balance>2243515.99000000</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>Vulcan Energy Resources Ltd</name>
        <lei>8945006OYFHQ9HE4XE54</lei>
        <title>Vulcan Energy Resources Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="AU0000066086"/>
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        <balance>88200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Platinum Asset Management Ltd</name>
        <lei>254900P02G6ZRXQO0R61</lei>
        <title>Platinum Asset Management Ltd.</title>
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          <isin value="AU000000PTM6"/>
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        <balance>2383660.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CNT Group Ltd</name>
        <lei>N/A</lei>
        <title>CNT Group Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="BMG2237T1009"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Q&amp;M Dental Group Singapore Ltd</name>
        <lei>N/A</lei>
        <title>Q&amp;M Dental Group Singapore Ltd.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Banyan Tree Holdings Ltd</name>
        <lei>254900PU1R3XDPBY5390</lei>
        <title>Banyan Tree Holdings Ltd.</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nameson Holdings Ltd</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sing Holdings Ltd</name>
        <lei>254900T5ISUN90EH9626</lei>
        <title>Sing Holdings Ltd.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>UNTRADE MH DEVELOPMENT NPV</name>
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        <title>MH Development NPV</title>
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        <assetCat>EC</assetCat>
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        <invCountry>HK</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>AUSTRALIAN STRATEGIC MATERIALS</name>
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        <title>Australian Strategic Materials Ltd.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Finbar Group Ltd</name>
        <lei>N/A</lei>
        <title>Finbar Group Ltd.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AMA Group Ltd</name>
        <lei>529900GIM8S1E8UCER31</lei>
        <title>AMA Group Ltd.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>SIA Engineering Co Ltd</name>
        <lei>2549008BTH8VFCM3UL43</lei>
        <title>SIA Engineering Co. Ltd.</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Euroz Hartleys Group Ltd</name>
        <lei>261700NXO99APU8DIF47</lei>
        <title>Euroz Hartleys Group Ltd.</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Invictus Energy Ltd</name>
        <lei>N/A</lei>
        <title>Invictus Energy Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000016560"/>
        </identifiers>
        <balance>525574.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>17552.38000000</valUSD>
        <pctVal>0.001235945341</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="14969.75000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Superloop Ltd</name>
        <lei>529900A6RVCX545NWC88</lei>
        <title>Superloop Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000SLC8"/>
        </identifiers>
        <balance>3013346.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>6456750.05000000</valUSD>
        <pctVal>0.454650033001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Universal Store Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Universal Store Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000113565"/>
        </identifiers>
        <balance>19109.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>103449.02000000</valUSD>
        <pctVal>0.007284330350</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="52054.11000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNTRADE.ECOGREEN</name>
        <lei>254900WRZ7L6JV2EM919</lei>
        <title>EcoGreen International Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="954PDQ901"/>
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        <balance>1994640.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>90533.79000000</valUSD>
        <pctVal>0.006374908474</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>
      <invstOrSec>
        <name>SEA Holdings Ltd</name>
        <lei>N/A</lei>
        <title>SEA Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG7946B1000"/>
        </identifiers>
        <balance>1657523.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>261121.95000000</valUSD>
        <pctVal>0.018386820345</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="16473.99000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IGG Inc</name>
        <lei>529900VBUXYUOTABSC33</lei>
        <title>IGG, Inc.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG6771K1022"/>
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        <balance>3787000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>1983332.46000000</valUSD>
        <pctVal>0.139655734140</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Comet Ridge Ltd</name>
        <lei>N/A</lei>
        <title>Comet Ridge Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000COI3"/>
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        <balance>3573657.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>333663.07000000</valUSD>
        <pctVal>0.023494780595</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Beacon Lighting Group Ltd</name>
        <lei>N/A</lei>
        <title>Beacon Lighting Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000BLX0"/>
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        <balance>523471.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>1218005.11000000</valUSD>
        <pctVal>0.085765448432</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1141619.16000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>West African Resources Ltd</name>
        <lei>529900XLO8GMJNTUL013</lei>
        <title>West African Resources Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000WAF6"/>
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        <balance>6987249.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>10461306.78000000</valUSD>
        <pctVal>0.736629641217</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AFT Pharmaceuticals Ltd</name>
        <lei>N/A</lei>
        <title>AFT Pharmaceuticals Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZAFTE0001S4"/>
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        <balance>34226.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69750500"/>
        <valUSD>54381.48000000</valUSD>
        <pctVal>0.003829254886</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Giordano International Ltd</name>
        <lei>5299002Q4JRP5LUE6V15</lei>
        <title>Giordano International Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG6901M1010"/>
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        <balance>5228000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>991439.25000000</valUSD>
        <pctVal>0.069811884344</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Investore Property Ltd</name>
        <lei>984500F869986BFB5088</lei>
        <title>Investore Property Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZIPLE0001S3"/>
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        <balance>1019680.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69750500"/>
        <valUSD>702121.65000000</valUSD>
        <pctVal>0.049439676132</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="REIT" issuerCat="OTHER"/>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="15326.74000000"/>
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      <invstOrSec>
        <name>COSCO SHIPPING International Singapore Co Ltd</name>
        <lei>529900PK0MEIONQKNP94</lei>
        <title>COSCO Shipping International Singapore Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1S76928401"/>
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        <balance>5981200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>569775.63000000</valUSD>
        <pctVal>0.040120572575</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="386874.82000000"/>
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      <invstOrSec>
        <name>Australian Vanadium Ltd</name>
        <lei>529900QJLHHOZ4O4TK40</lei>
        <title>Australian Vanadium Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000AVL6"/>
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        <balance>16823179.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>107887.11000000</valUSD>
        <pctVal>0.007596837068</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="14426.79000000"/>
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      <invstOrSec>
        <name>Clover Corp Ltd</name>
        <lei>N/A</lei>
        <title>Clover Corp. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000CLV2"/>
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        <balance>788775.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>281292.41000000</valUSD>
        <pctVal>0.019807116970</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="18945.17000000"/>
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      <invstOrSec>
        <name>EC Healthcare</name>
        <lei>2549005M4UVY5ECAWW87</lei>
        <title>EC Healthcare</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG3037S1021"/>
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        <balance>2072097.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>174329.61000000</valUSD>
        <pctVal>0.012275364901</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="174213.94000000"/>
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      <invstOrSec>
        <name>AVZ MINERALS LIMITED</name>
        <lei>5299001S9IIZ7Y6CKB92</lei>
        <title>AVZ Minerals Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="954FAV004"/>
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        <balance>263719.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>27651.01000000</valUSD>
        <pctVal>0.001947037210</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Metcash Ltd</name>
        <lei>25490065W4SN3LZMX216</lei>
        <title>Metcash Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000MTS0"/>
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        <balance>6428419.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>16048579.84000000</valUSD>
        <pctVal>1.130055724223</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Straco Corp Ltd</name>
        <lei>N/A</lei>
        <title>Straco Corp. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1P15916395"/>
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        <balance>130000.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>41490.37000000</valUSD>
        <pctVal>0.002921531411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Build King Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Build King Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG1675M1064"/>
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        <balance>630000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>101580.16000000</valUSD>
        <pctVal>0.007152735159</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</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>Creative Technology Ltd/Singapore</name>
        <lei>5299009CA3PREC9GV390</lei>
        <title>Creative Technology Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1A98006814"/>
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        <balance>285050.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>174444.72000000</valUSD>
        <pctVal>0.012283470335</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="1229.13000000"/>
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      <invstOrSec>
        <name>Smart Parking Ltd</name>
        <lei>254900BYCR32X2L2R048</lei>
        <title>Smart Parking Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000SPZ0"/>
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        <balance>113492.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>58174.70000000</valUSD>
        <pctVal>0.004096353284</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Crystal International Group Ltd</name>
        <lei>N/A</lei>
        <title>Crystal International Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG2701R1011"/>
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        <balance>3572000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>2566370.52000000</valUSD>
        <pctVal>0.180710176571</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PWR Holdings Ltd</name>
        <lei>N/A</lei>
        <title>PWR Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000PWH0"/>
        </identifiers>
        <balance>515793.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>2584776.74000000</valUSD>
        <pctVal>0.182006244789</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2569356.25000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Australian Clinical Labs Ltd</name>
        <lei>N/A</lei>
        <title>Australian Clinical Labs Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000148496"/>
        </identifiers>
        <balance>1251783.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>2215759.78000000</valUSD>
        <pctVal>0.156022031099</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>National Electronics Hldgs</name>
        <lei>N/A</lei>
        <title>National Electronics Holdings</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG6374F1041"/>
        </identifiers>
        <balance>1690600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>81607.31000000</valUSD>
        <pctVal>0.005746353180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIREFINCH LTD.</name>
        <lei>52990065EGEF8FEI8S51</lei>
        <title>Firefinch Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="937YSE905"/>
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        <balance>1569275.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>37818.54000000</valUSD>
        <pctVal>0.002662980652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Singapore Shipping Corp Ltd</name>
        <lei>5299006CLOHOYZ4IZ820</lei>
        <title>Singapore Shipping Corp. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1J24887775"/>
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        <balance>1642504.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>373316.72000000</valUSD>
        <pctVal>0.026286979944</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Singapore Post Ltd</name>
        <lei>2549001SP50468BWD892</lei>
        <title>Singapore Post Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1N89910219"/>
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        <balance>7707800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>2895898.34000000</valUSD>
        <pctVal>0.203913774833</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Frasers Property Ltd</name>
        <lei>254900IDI7TIHU0J2Q58</lei>
        <title>Frasers Property Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG2G52000004"/>
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        <balance>48800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>35255.45000000</valUSD>
        <pctVal>0.002482501472</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cedar Woods Properties Ltd</name>
        <lei>9845005E52CDEBDEF822</lei>
        <title>Cedar Woods Properties Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000CWP1"/>
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        <balance>355993.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>1695083.00000000</valUSD>
        <pctVal>0.119358738672</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>McPherson's Ltd</name>
        <lei>529900ZEMEMO60M84471</lei>
        <title>McPherson's Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000MCP2"/>
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        <balance>251039.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>49319.77000000</valUSD>
        <pctVal>0.003472836161</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lepidico Ltd</name>
        <lei>5493004HI1PMBVJVC857</lei>
        <title>Lepidico Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000LPD2"/>
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        <balance>2895993.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DFI Retail Group Holdings Ltd</name>
        <lei>213800NOTG41PZVNNX48</lei>
        <title>DFI Retail Group Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG2624N1535"/>
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        <balance>1033700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3563629.07000000</valUSD>
        <pctVal>0.250931825102</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Breville Group Ltd</name>
        <lei>529900MM4WH0KSB3KW37</lei>
        <title>Breville Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000BRG2"/>
        </identifiers>
        <balance>572093.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>11964484.94000000</valUSD>
        <pctVal>0.842475460671</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="12149587.25000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Ezra Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Ezra Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1O34912152"/>
        </identifiers>
        <balance>6266171.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="49900.24000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Langham Hospitality Investments and Langham Hospitality Investments Ltd</name>
        <lei>N/A</lei>
        <title>Langham Hospitality Investments &amp; Langham Hospitality Investments Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0000150521"/>
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        <balance>5222750.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>385052.40000000</valUSD>
        <pctVal>0.027113344176</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>The DFA Investment Trust Company</name>
        <lei>549300FSKWEXKF6YBM56</lei>
        <title>DFA Investment Trust Co.</title>
        <cusip>23320U405</cusip>
        <identifiers>
          <isin value="US23320U4058"/>
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        <balance>595474.06000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6887848.39000000</valUSD>
        <pctVal>0.485005687624</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</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>Credit Corp Group Ltd</name>
        <lei>549300JCSY6XG1L4WB90</lei>
        <title>Credit Corp. Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000CCP3"/>
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        <balance>400423.99000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>3946155.63000000</valUSD>
        <pctVal>0.277867313046</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Vulcan Steel Ltd</name>
        <lei>98450060022AC677C824</lei>
        <title>Vulcan Steel Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000181984"/>
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        <balance>125305.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>483551.03000000</valUSD>
        <pctVal>0.034049094365</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="165287.08000000"/>
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      <invstOrSec>
        <name>Insignia Financial Ltd</name>
        <lei>5493000NLB9VUM2IHC87</lei>
        <title>Insignia Financial Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000IFL2"/>
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        <balance>3198090.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>9212993.95000000</valUSD>
        <pctVal>0.648730084171</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tiong Woon Corp Holding Ltd</name>
        <lei>N/A</lei>
        <title>Tiong Woon Corp. Holding Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1CF7000004"/>
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        <balance>26600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>16040.66000000</valUSD>
        <pctVal>0.001129498051</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Tian Teck Land Ltd</name>
        <lei>N/A</lei>
        <title>Tian Teck Land Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0266001368"/>
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        <balance>1024000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>278706.32000000</valUSD>
        <pctVal>0.019625018252</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>Liberty Financial Group Ltd</name>
        <lei>N/A</lei>
        <title>Liberty Financial Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000121634"/>
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        <balance>4470.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>11088.87000000</valUSD>
        <pctVal>0.000780819308</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wing On Co International Ltd</name>
        <lei>N/A</lei>
        <title>Wing On Co. International Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG970561087"/>
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        <balance>490000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>791927.64000000</valUSD>
        <pctVal>0.055763336798</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wang On Group Ltd</name>
        <lei>N/A</lei>
        <title>Wang On Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG9429S2464"/>
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        <balance>29940000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>87970.20000000</valUSD>
        <pctVal>0.006194394087</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vysarn Ltd</name>
        <lei>N/A</lei>
        <title>Vysarn Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000VYS1"/>
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        <balance>237810.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>77606.97000000</valUSD>
        <pctVal>0.005464670491</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Peace Mark Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Peace Mark Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG6957A2098"/>
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        <balance>2479870.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2.27000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Oceanus Group Ltd</name>
        <lei>N/A</lei>
        <title>Oceanus Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1M80907371"/>
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        <balance>4959300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>22611.72000000</valUSD>
        <pctVal>0.001592197183</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United Laboratories International Holdings Ltd/The</name>
        <lei>2549007JL3XIH77JXN70</lei>
        <title>United Laboratories International Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG8813K1085"/>
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        <balance>4868000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>9125319.63000000</valUSD>
        <pctVal>0.642556524381</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Aura Energy Ltd</name>
        <lei>5493003D06RIWBKIKA27</lei>
        <title>Aura Energy Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000AEE7"/>
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        <balance>182923.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>18498.76000000</valUSD>
        <pctVal>0.001302584392</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Boustead Singapore Ltd</name>
        <lei>254900VRXISFIBDS7X84</lei>
        <title>Boustead Singapore Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1X13940751"/>
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        <balance>1344628.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>1603491.67000000</valUSD>
        <pctVal>0.112909363849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Duratec Ltd</name>
        <lei>984500585DA5E5BD0678</lei>
        <title>Duratec Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000109159"/>
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        <balance>370872.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>347190.21000000</valUSD>
        <pctVal>0.024447289923</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="19073.65000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Deep Yellow Ltd</name>
        <lei>529900FL7FGTGTVII319</lei>
        <title>Deep Yellow Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000DYL4"/>
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        <balance>5497794.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>5238216.47000000</valUSD>
        <pctVal>0.368847372518</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="3968952.38000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>FireFly Metals Ltd</name>
        <lei>N/A</lei>
        <title>FireFly Metals Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000313769"/>
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        <balance>354884.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>234023.97000000</valUSD>
        <pctVal>0.016478724568</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Helloworld Travel Ltd</name>
        <lei>894500ONC2MO5CNDRN40</lei>
        <title>Helloworld Travel Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000HLO6"/>
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        <balance>51370.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>55143.67000000</valUSD>
        <pctVal>0.003882924256</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Myer Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Myer Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000MYR2"/>
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        <balance>7063574.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>2726639.42000000</valUSD>
        <pctVal>0.191995460980</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Smart Fish Wealthlink Holdings Ltd</name>
        <lei>254900EMBDDJFLKEYN90</lei>
        <title>Smart Fish Wealthlink Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG2118J1062"/>
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        <balance>14868000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>35819.57000000</valUSD>
        <pctVal>0.002522223805</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ARN Media Ltd</name>
        <lei>N/A</lei>
        <title>ARN Media Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000279853"/>
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        <balance>942418.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>284623.43000000</valUSD>
        <pctVal>0.020041669700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="247050.11000000"/>
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      <invstOrSec>
        <name>Wing Tai Properties Ltd</name>
        <lei>5299002ICXRUDJG20N51</lei>
        <title>Wing Tai Properties Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG9716V1000"/>
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        <balance>1555330.99000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>334755.77000000</valUSD>
        <pctVal>0.023571722724</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Haw Par Corp Ltd</name>
        <lei>N/A</lei>
        <title>Haw Par Corp. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1D25001158"/>
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        <balance>487500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>5199715.77000000</valUSD>
        <pctVal>0.366136357783</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fairwood Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Fairwood Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG3305Y1619"/>
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        <balance>336458.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>237497.04000000</valUSD>
        <pctVal>0.016723279705</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Stamford Land Corp Ltd</name>
        <lei>N/A</lei>
        <title>Stamford Land Corp. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1I47882655"/>
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        <balance>2153518.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>721730.39000000</valUSD>
        <pctVal>0.050820419420</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="12374.77000000"/>
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      <invstOrSec>
        <name>Develop Global Ltd</name>
        <lei>5299008N5CYXCI98G291</lei>
        <title>Develop Global Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000179707"/>
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        <balance>572804.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>1568755.50000000</valUSD>
        <pctVal>0.110463427316</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="61878.62000000"/>
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      <invstOrSec>
        <name>Brickworks Ltd</name>
        <lei>894500WE6T912ASTBP62</lei>
        <title>Brickworks Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000BKW4"/>
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        <balance>500976.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>10513830.30000000</valUSD>
        <pctVal>0.740328068432</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="6188889.78000000"/>
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      <invstOrSec>
        <name>Solomon Systech International Ltd</name>
        <lei>213800K4IYJ63C5GSP92</lei>
        <title>Solomon Systech International Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG826051099"/>
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        <balance>8260000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>480255.34000000</valUSD>
        <pctVal>0.033817029386</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="9263.10000000"/>
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      <invstOrSec>
        <name>MGM China Holdings Ltd</name>
        <lei>529900VZFN87OS7WJM66</lei>
        <title>MGM China Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG607441022"/>
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        <balance>19600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>41380.40000000</valUSD>
        <pctVal>0.002913787908</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Wealthink AI-Innovation Capital Ltd</name>
        <lei>549300SIXO9CLPQZL283</lei>
        <title>Wealthink AI-Innovation Capital Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG9496A1022"/>
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        <balance>7296000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>86838.20000000</valUSD>
        <pctVal>0.006114684661</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dynamic Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Dynamic Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG2889K1678"/>
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        <balance>74000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>124015.22000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UOB-Kay Hian Holdings Ltd</name>
        <lei>N/A</lei>
        <title>UOB-Kay Hian Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1J21887414"/>
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        <balance>1796071.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>3242168.21000000</valUSD>
        <pctVal>0.228296259303</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nuix Ltd</name>
        <lei>9845006CD6B843A8B043</lei>
        <title>Nuix Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000119307"/>
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        <balance>1247421.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>1876817.24000000</valUSD>
        <pctVal>0.132155498276</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>3P Learning Ltd</name>
        <lei>98450078ECFAIF590592</lei>
        <title>3P Learning Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000003PL9"/>
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        <balance>93233.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>38847.26000000</valUSD>
        <pctVal>0.002735417648</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Baby Bunting Group Ltd</name>
        <lei>N/A</lei>
        <title>Baby Bunting Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000BBN2"/>
        </identifiers>
        <balance>765231.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>882879.48000000</valUSD>
        <pctVal>0.062167682132</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sanford Ltd/NZ</name>
        <lei>254900QDRJM2NLCZE960</lei>
        <title>Sanford Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZSANE0001S0"/>
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        <balance>153463.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69750500"/>
        <valUSD>516086.28000000</valUSD>
        <pctVal>0.036340053806</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Province Resources Ltd</name>
        <lei>N/A</lei>
        <title>Province Resources Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000115719"/>
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        <balance>889179.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>4571.45000000</valUSD>
        <pctVal>0.000321897220</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1033.60000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>IPD Group Ltd/Australia</name>
        <lei>984500A59A3EAPEA7D69</lei>
        <title>IPD Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000189318"/>
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        <balance>171621.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>388801.62000000</valUSD>
        <pctVal>0.027377344328</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="391417.11000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Anson Resources Ltd</name>
        <lei>529900U2F9BSPAMFR394</lei>
        <title>Anson Resources Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000ASN8"/>
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        <balance>569514.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>43717.02000000</valUSD>
        <pctVal>0.003078320274</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="155.06000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>UNTRADE.NEWOCEAN ENERGY</name>
        <lei>N/A</lei>
        <title>NewOcean Energy Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="902RQZ005"/>
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        <balance>7246000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</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>
      <invstOrSec>
        <name>Dyno Nobel Ltd</name>
        <lei>254900UW2F3BKV6Z9V18</lei>
        <title>Dyno Nobel Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000390544"/>
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        <balance>4213054.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>7922493.21000000</valUSD>
        <pctVal>0.557859878651</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chuan Hup Holdings Ltd</name>
        <lei>5493008UEX7R5LV84C91</lei>
        <title>Chuan Hup Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1H43875910"/>
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        <balance>1861300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>236350.98000000</valUSD>
        <pctVal>0.016642580249</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Capitaland India Trust</name>
        <lei>N/A</lei>
        <title>Capitaland India Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1V35936920"/>
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        <balance>5064821.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>4634447.74000000</valUSD>
        <pctVal>0.326333186450</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="570346.06000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Cowell e Holdings Inc</name>
        <lei>N/A</lei>
        <title>Cowell e Holdings, Inc.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG248141163"/>
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        <balance>1232000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>4144943.78000000</valUSD>
        <pctVal>0.291864918383</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1502705.07000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Australian Finance Group Ltd</name>
        <lei>N/A</lei>
        <title>Australian Finance Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000AFG9"/>
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        <balance>1204952.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>1715133.68000000</valUSD>
        <pctVal>0.120770601026</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Articore Group Ltd</name>
        <lei>254900SRSOME9Q6QGA93</lei>
        <title>Articore Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000303976"/>
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        <balance>314575.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>40459.41000000</valUSD>
        <pctVal>0.002848936686</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ridley Corp Ltd</name>
        <lei>549300UQM21UZW8DVW82</lei>
        <title>Ridley Corp. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000RIC6"/>
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        <balance>1773927.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>3305276.09000000</valUSD>
        <pctVal>0.232739980912</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="153294.35000000"/>
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      <invstOrSec>
        <name>Viva Leisure Ltd</name>
        <lei>N/A</lei>
        <title>Viva Leisure Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000046013"/>
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        <balance>84215.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>71484.60000000</valUSD>
        <pctVal>0.005033565725</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Gentrack Group Ltd</name>
        <lei>N/A</lei>
        <title>Gentrack Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZGTKE0002S9"/>
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        <balance>138419.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</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>AI-Media Technologies Ltd</name>
        <lei>N/A</lei>
        <title>AI-Media Technologies Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000101636"/>
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        <balance>200841.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>76499.03000000</valUSD>
        <pctVal>0.005386655243</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Guoco Group Ltd</name>
        <lei>3OIHUMDMI0Z4XVPQ8V78</lei>
        <title>Guoco Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG420981224"/>
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        <balance>15000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>141446.66000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kingkey Financial International Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Kingkey Financial International Holdings Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="KYG5258T1159"/>
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        <balance>1610000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
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        <pctVal>0.003699034893</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Thomson Medical Group Ltd</name>
        <lei>254900AMK74BU9HIEH14</lei>
        <title>Thomson Medical Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1M49904634"/>
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        <balance>4131300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
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        <pctVal>0.011650507082</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chevalier International Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Chevalier International Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG2097Z1471"/>
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        <balance>516988.99000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
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        <pctVal>0.018626223943</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Gold Road Resources Ltd</name>
        <lei>213800HJWH96TDEMNY83</lei>
        <title>Gold Road Resources Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000GOR5"/>
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        <balance>6211858.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Peninsula Energy Ltd</name>
        <lei>213800XBLFMYEQENEZ77</lei>
        <title>Peninsula Energy Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000PEN6"/>
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        <balance>436382.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>173873.35000000</valUSD>
        <pctVal>0.012243237496</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="174804.77000000"/>
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      <invstOrSec>
        <name>Stanmore Resources Ltd</name>
        <lei>52990090OHRBVS7DDA54</lei>
        <title>Stanmore Resources Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000SMR4"/>
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        <balance>1785152.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>2417797.71000000</valUSD>
        <pctVal>0.170248468676</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BCI Minerals Ltd</name>
        <lei>5299004FJTHY3B0V6164</lei>
        <title>BCI Minerals Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000BCI0"/>
        </identifiers>
        <balance>5533358.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>1228563.17000000</valUSD>
        <pctVal>0.086508890921</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KMD Brands Ltd</name>
        <lei>N/A</lei>
        <title>KMD Brands Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZKMDE0001S3"/>
        </identifiers>
        <balance>1740599.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69750500"/>
        <valUSD>260305.68000000</valUSD>
        <pctVal>0.018329342949</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSI Properties Ltd</name>
        <lei>N/A</lei>
        <title>CSI Properties Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG2581C2081"/>
        </identifiers>
        <balance>62042934.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>1456823.42000000</valUSD>
        <pctVal>0.102581764951</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Matrix Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Matrix Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG5888V1265"/>
        </identifiers>
        <balance>781414.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>48348.12000000</valUSD>
        <pctVal>0.003404417730</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Viva Goods Company Ltd</name>
        <lei>N/A</lei>
        <title>Viva Goods Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG9374E1199"/>
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        <balance>2088000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>140512.03000000</valUSD>
        <pctVal>0.009894110594</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Iluka Resources Ltd</name>
        <lei>2549009N2Y1F4YNB0955</lei>
        <title>Iluka Resources Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000ILU1"/>
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        <balance>2070814.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>6784044.25000000</valUSD>
        <pctVal>0.477696351610</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MyState Ltd</name>
        <lei>N/A</lei>
        <title>MyState Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000MYS0"/>
        </identifiers>
        <balance>951399.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>2628100.66000000</valUSD>
        <pctVal>0.185056885050</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Immutep Ltd</name>
        <lei>529900OL6C5CY5P8BH38</lei>
        <title>Immutep Ltd.</title>
        <cusip>45257L108</cusip>
        <identifiers>
          <isin value="US45257L1089"/>
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        <balance>7245.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12606.30000000</valUSD>
        <pctVal>0.000887668667</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="12236.01000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IPH Ltd</name>
        <lei>529900KRTADQ17ANK140</lei>
        <title>IPH Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000IPH9"/>
        </identifiers>
        <balance>1474678.96000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>4948490.64000000</valUSD>
        <pctVal>0.348446418919</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Delfi Ltd</name>
        <lei>N/A</lei>
        <title>Delfi Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1Q25921608"/>
        </identifiers>
        <balance>1345200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>867742.07000000</valUSD>
        <pctVal>0.061101786147</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="172858.27000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yue Yuen Industrial Holdings Ltd</name>
        <lei>254900YUFIBANZ1XU687</lei>
        <title>Yue Yuen Industrial Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG988031446"/>
        </identifiers>
        <balance>4009000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>6270352.80000000</valUSD>
        <pctVal>0.441524929008</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Riverstone Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Riverstone Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1U22933048"/>
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        <balance>2710800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>1470297.92000000</valUSD>
        <pctVal>0.103530567649</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1045319.71000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Nickel Industries Ltd</name>
        <lei>54930007K0WX53TSIK16</lei>
        <title>Nickel Industries Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000018236"/>
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        <balance>9759009.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>4584665.91000000</valUSD>
        <pctVal>0.322827814479</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hutchison Port Holdings Trust</name>
        <lei>529900E8LS83XV4W6889</lei>
        <title>Hutchison Port Holdings Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG2D00968206"/>
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        <balance>21128600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4211754.00000000</valUSD>
        <pctVal>0.296569339104</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Perfect Medical Health Management Ltd</name>
        <lei>N/A</lei>
        <title>Perfect Medical Health Management Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG7013H1056"/>
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        <balance>1913000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>399624.97000000</valUSD>
        <pctVal>0.028139467130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="15275.88000000"/>
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      <invstOrSec>
        <name>Ezion Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Ezion Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1W38939029"/>
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        <balance>9845878.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="297442.59000000"/>
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      <invstOrSec>
        <name>Genesis Minerals Ltd</name>
        <lei>894500AK5BVRCNP0FP48</lei>
        <title>Genesis Minerals Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000GMD9"/>
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        <balance>4136396.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>9715400.30000000</valUSD>
        <pctVal>0.684106869990</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cogstate Ltd</name>
        <lei>254900VP9WAWA180NC18</lei>
        <title>Cogstate Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000CGS8"/>
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        <balance>285806.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>316921.35000000</valUSD>
        <pctVal>0.022315917624</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="43915.40000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Micro-Mechanics Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Micro-Mechanics Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1O09910991"/>
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        <balance>131000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>185172.70000000</valUSD>
        <pctVal>0.013038877688</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="141527.41000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>RPNZ Ltd</name>
        <lei>N/A</lei>
        <title>RPNZ Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZMZLE0001S4"/>
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        <balance>274180.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69750500"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Findi Ltd</name>
        <lei>549300ISXJL4XNDEJC27</lei>
        <title>Findi Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000241036"/>
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        <balance>37959.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>90100.66000000</valUSD>
        <pctVal>0.006344409761</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="88833.97000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Modern Dental Group Ltd</name>
        <lei>529900XE24B45NN0S512</lei>
        <title>Modern Dental Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG618201092"/>
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        <balance>1619000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>895394.45000000</valUSD>
        <pctVal>0.063048919826</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AIC Mines Ltd</name>
        <lei>5299003P1FAL4U4Y9G52</lei>
        <title>AIC Mines Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000049033"/>
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        <balance>109013.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>21227.19000000</valUSD>
        <pctVal>0.001494705937</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bonvests Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Bonvests Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG2R04002568"/>
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        <balance>950000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>728512.59000000</valUSD>
        <pctVal>0.051297985909</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMP Ltd</name>
        <lei>5299000D93LTLU0UJR35</lei>
        <title>AMP Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000AMP6"/>
        </identifiers>
        <balance>15419283.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>15775687.27000000</valUSD>
        <pctVal>1.110840079355</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Marco Polo Marine Ltd</name>
        <lei>N/A</lei>
        <title>Marco Polo Marine Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1W14938268"/>
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        <balance>9859000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>440313.99000000</valUSD>
        <pctVal>0.031004571732</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="210729.20000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LHN Ltd</name>
        <lei>N/A</lei>
        <title>LHN Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1AH9000002"/>
        </identifiers>
        <balance>80000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>48406.28000000</valUSD>
        <pctVal>0.003408513048</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IVE Group Ltd</name>
        <lei>N/A</lei>
        <title>IVE Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000IGL0"/>
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        <balance>583542.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>1105871.71000000</valUSD>
        <pctVal>0.077869610183</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Paragon Care Ltd</name>
        <lei>529900E2YER7JPV13S18</lei>
        <title>Paragon Care Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000PGC4"/>
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        <balance>1752460.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>446919.50000000</valUSD>
        <pctVal>0.031469696650</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="381057.12000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Webjet Group Ltd</name>
        <lei>N/A</lei>
        <title>Webjet Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000350118"/>
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        <balance>2089682.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>1192944.47000000</valUSD>
        <pctVal>0.084000811314</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="406694.31000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Indofood Agri Resources Ltd</name>
        <lei>529900MPG94NGTRSY421</lei>
        <title>Indofood Agri Resources Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1U47933908"/>
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        <balance>851800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>223234.71000000</valUSD>
        <pctVal>0.015719002204</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lindsay Australia Ltd</name>
        <lei>N/A</lei>
        <title>Lindsay Australia Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000LAU8"/>
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        <balance>827677.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>389839.14000000</valUSD>
        <pctVal>0.027450400974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIC Telecom International Holdings Ltd</name>
        <lei>N/A</lei>
        <title>CITIC Telecom International Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK1883037637"/>
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        <balance>8521125.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>2762613.85000000</valUSD>
        <pctVal>0.194528589204</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>InnoTek Ltd</name>
        <lei>N/A</lei>
        <title>InnoTek Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1F66858902"/>
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        <balance>336600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>111322.20000000</valUSD>
        <pctVal>0.007838717855</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OKP Holdings Ltd</name>
        <lei>N/A</lei>
        <title>OKP Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1M55904841"/>
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        <balance>90900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>65859.44000000</valUSD>
        <pctVal>0.004637471845</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Resimac Group Ltd</name>
        <lei>N/A</lei>
        <title>Resimac Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000033094"/>
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        <balance>124613.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>70756.13000000</valUSD>
        <pctVal>0.004982270738</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="26581.79000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Chalice Mining Ltd</name>
        <lei>5299008IXHWMQDOE1437</lei>
        <title>Chalice Mining Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000CHN7"/>
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        <balance>844900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>852934.40000000</valUSD>
        <pctVal>0.060059108700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="280297.83000000"/>
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      <invstOrSec>
        <name>Select Harvests Ltd</name>
        <lei>549300JZYUFVKN0L4E13</lei>
        <title>Select Harvests Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000SHV6"/>
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        <balance>848511.98000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
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        <pctVal>0.131725924325</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="444516.80000000"/>
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      <invstOrSec>
        <name>Cash Converters International Ltd</name>
        <lei>529900XFNBTCIYK52250</lei>
        <title>Cash Converters International Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000CCV1"/>
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        <balance>2283548.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>469290.08000000</valUSD>
        <pctVal>0.033044914036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="66160.64000000"/>
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      <invstOrSec>
        <name>Samsonite Group SA</name>
        <lei>549300UULS5HYFJSEL12</lei>
        <title>Samsonite Group SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="LU0633102719"/>
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        <balance>5550000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>11320378.83000000</valUSD>
        <pctVal>0.797120930621</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Whitehaven Coal Ltd</name>
        <lei>529900WCZ4I6ZO3RRP86</lei>
        <title>Whitehaven Coal Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000WHC8"/>
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        <balance>3807813.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
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        <pctVal>1.099664384140</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SWIBER HOLDINGS LTD</name>
        <lei>N/A</lei>
        <title>Swiber Holdings Ltd.</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="944MXC009"/>
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        <balance>2895250.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Acrow Ltd</name>
        <lei>N/A</lei>
        <title>Acrow Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000006124"/>
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        <balance>1437844.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>986839.54000000</valUSD>
        <pctVal>0.069487997205</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="22551.78000000"/>
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      <invstOrSec>
        <name>Aroa Biosurgery Ltd</name>
        <lei>N/A</lei>
        <title>Aroa Biosurgery Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZARXE0001S1"/>
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        <balance>310301.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>125565.80000000</valUSD>
        <pctVal>0.008841676489</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="114857.36000000"/>
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      <invstOrSec>
        <name>MECOM Power and Construction Ltd</name>
        <lei>N/A</lei>
        <title>MECOM Power &amp; Construction Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG5960P1046"/>
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        <balance>25999.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>626.71000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SiteMinder Ltd</name>
        <lei>254900PN89MZJ2AQST50</lei>
        <title>SiteMinder Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000183543"/>
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        <balance>73343.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>243219.86000000</valUSD>
        <pctVal>0.017126250283</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>4DMedical Ltd</name>
        <lei>9845000A8F12A6A6FD75</lei>
        <title>4DMedical Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000095416"/>
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        <balance>51246.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>7874.14000000</valUSD>
        <pctVal>0.000554455102</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="7946.25000000"/>
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      <invstOrSec>
        <name>Australian Agricultural Co Ltd</name>
        <lei>549300Y00F9KT5JNIE98</lei>
        <title>Australian Agricultural Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000AAC9"/>
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        <balance>925060.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>819582.65000000</valUSD>
        <pctVal>0.057710655667</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="356647.20000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hong Kong Ferry Holdings Co Ltd</name>
        <lei>N/A</lei>
        <title>Hong Kong Ferry Holdings Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0050000345"/>
        </identifiers>
        <balance>1087300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>663024.74000000</valUSD>
        <pctVal>0.046686679457</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>PC Partner Group Ltd</name>
        <lei>N/A</lei>
        <title>PC Partner Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG6956A1013"/>
        </identifiers>
        <balance>1364000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>1285171.05000000</valUSD>
        <pctVal>0.090494917066</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Black Cat Syndicate Ltd</name>
        <lei>N/A</lei>
        <title>Black Cat Syndicate Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000BC88"/>
        </identifiers>
        <balance>1288008.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>660812.47000000</valUSD>
        <pctVal>0.046530903158</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="279160.73000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pan-United Corp Ltd</name>
        <lei>25490013KRZW2JQ13645</lei>
        <title>Pan-United Corp. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1A67000830"/>
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        <balance>1058950.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>805406.35000000</valUSD>
        <pctVal>0.056712435942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="123979.57000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Temple &amp; Webster Group Ltd</name>
        <lei>549300BZZ48T6HQ11E08</lei>
        <title>Temple &amp; Webster Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000TPW5"/>
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        <balance>129415.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>2017021.65000000</valUSD>
        <pctVal>0.142027947904</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nanyang Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Nanyang Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG6362N1011"/>
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        <balance>87000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>281971.34000000</valUSD>
        <pctVal>0.019854923613</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Soundwill Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Soundwill Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG8277H1530"/>
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        <balance>392786.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>309004.05000000</valUSD>
        <pctVal>0.021758423423</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NRW Holdings Ltd</name>
        <lei>5493003S2MORCH0HEL95</lei>
        <title>NRW Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000NWH5"/>
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        <balance>2836956.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>5857869.83000000</valUSD>
        <pctVal>0.412480069834</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Westgold Resources Ltd</name>
        <lei>2549003AMX9BL7CKBQ74</lei>
        <title>Westgold Resources Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000WGX6"/>
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        <balance>5090123.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>8311087.84000000</valUSD>
        <pctVal>0.585222647844</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PEXA Group Ltd</name>
        <lei>N/A</lei>
        <title>PEXA Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000158594"/>
        </identifiers>
        <balance>806634.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>8191039.18000000</valUSD>
        <pctVal>0.576769459041</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Data#3 Ltd</name>
        <lei>529900WW6OYX86LFDA80</lei>
        <title>Data#3 Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000DTL4"/>
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        <balance>840820.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>4045496.68000000</valUSD>
        <pctVal>0.284862381976</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aussie Broadband Ltd</name>
        <lei>98450090EAD3778B9832</lei>
        <title>Aussie Broadband Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000106643"/>
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        <balance>1467342.43000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>4230711.92000000</valUSD>
        <pctVal>0.297904255105</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Emerald Resources NL</name>
        <lei>N/A</lei>
        <title>Emerald Resources NL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000EMR4"/>
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        <balance>3244902.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>7122184.29000000</valUSD>
        <pctVal>0.501506376646</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tai Sang Land Development Ltd</name>
        <lei>N/A</lei>
        <title>Tai Sang Land Development Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0089000548"/>
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        <balance>696910.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>180439.68000000</valUSD>
        <pctVal>0.012705603567</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>Solvar Ltd</name>
        <lei>9845009AE1C149FDP693</lei>
        <title>Solvar Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000258782"/>
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        <balance>945012.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>969500.64000000</valUSD>
        <pctVal>0.068267083990</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="310128.00000000"/>
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      <invstOrSec>
        <name>Amotiv Ltd</name>
        <lei>254900KHH5GGEGUIZS22</lei>
        <title>Amotiv Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000340770"/>
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        <balance>767058.98000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>4317222.45000000</valUSD>
        <pctVal>0.303995866986</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="833944.81000000"/>
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      <invstOrSec>
        <name>City Developments Ltd</name>
        <lei>254900BPLPJS0RJ72373</lei>
        <title>City Developments Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1R89002252"/>
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        <balance>848100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>4015050.67000000</valUSD>
        <pctVal>0.282718535715</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HRnetgroup Ltd</name>
        <lei>5493005F7ABID7YZD323</lei>
        <title>HRnetgroup Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1DH2000003"/>
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        <balance>659400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>355065.37000000</valUSD>
        <pctVal>0.025001816848</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="90854.89000000"/>
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      <invstOrSec>
        <name>Melbourne Enterprises Ltd</name>
        <lei>N/A</lei>
        <title>Melbourne Enterprises Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0158000825"/>
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        <balance>39500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>312804.04000000</valUSD>
        <pctVal>0.022025998529</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>
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      <invstOrSec>
        <name>Betmakers Technology Group Ltd</name>
        <lei>N/A</lei>
        <title>Betmakers Technology Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000050585"/>
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        <balance>2082069.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>172820.12000000</valUSD>
        <pctVal>0.012169074635</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="158553.76000000"/>
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      <invstOrSec>
        <name>XRF Scientific Ltd</name>
        <lei>N/A</lei>
        <title>XRF Scientific Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000XRF8"/>
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        <balance>314941.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>390578.92000000</valUSD>
        <pctVal>0.027502492351</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dalrymple Bay Infrastructure Ltd</name>
        <lei>N/A</lei>
        <title>Dalrymple Bay Infrastructure Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000120628"/>
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        <balance>1351931.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>3885700.94000000</valUSD>
        <pctVal>0.273610414980</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Golden Resources Development International Ltd</name>
        <lei>N/A</lei>
        <title>Golden Resources Development International Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG3958B1046"/>
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        <balance>4216500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>190767.89000000</valUSD>
        <pctVal>0.013432861240</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dah Sing Financial Holdings Ltd</name>
        <lei>529900J55QMXMR5KMH32</lei>
        <title>Dah Sing Financial Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0440001847"/>
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        <balance>986544.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>3659835.44000000</valUSD>
        <pctVal>0.257706166521</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>Aceso Life Science Group Ltd</name>
        <lei>N/A</lei>
        <title>Aceso Life Science Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG0070S1066"/>
        </identifiers>
        <balance>188400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>475.58000000</valUSD>
        <pctVal>0.000033487816</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Colonial Motor Co Ltd/The</name>
        <lei>N/A</lei>
        <title>Colonial Motor Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZCMOE0001S7"/>
        </identifiers>
        <balance>70115.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69750500"/>
        <valUSD>294637.19000000</valUSD>
        <pctVal>0.020746785475</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CENTREBET LITIGATION RT</name>
        <lei>N/A</lei>
        <title>Centrebet International Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="955TDN909"/>
        </identifiers>
        <balance>81336.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New Hope Corp Ltd</name>
        <lei>254900DHRUGXZSLSNZ83</lei>
        <title>New Hope Corp. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000NHC7"/>
        </identifiers>
        <balance>3054385.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>8157506.13000000</valUSD>
        <pctVal>0.574408239825</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="3119306.19000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENM Holdings Ltd</name>
        <lei>529900FP3M6CQA614W95</lei>
        <title>ENM Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0128011282"/>
        </identifiers>
        <balance>12820000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>440446.21000000</valUSD>
        <pctVal>0.031013881962</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>Lifestyle Communities Ltd</name>
        <lei>984500BDEL5B024BCA39</lei>
        <title>Lifestyle Communities Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000LIC9"/>
        </identifiers>
        <balance>583366.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>1650134.62000000</valUSD>
        <pctVal>0.116193712569</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1673475.50000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ramelius Resources Ltd</name>
        <lei>254900E44AIGW7KKNR98</lei>
        <title>Ramelius Resources Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000RMS4"/>
        </identifiers>
        <balance>7703903.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>12394655.53000000</valUSD>
        <pctVal>0.872765788069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tongda Group Holdings Ltd</name>
        <lei>254900CYW27N7I17Y625</lei>
        <title>Tongda Group Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG8917X1218"/>
        </identifiers>
        <balance>2080000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>30914.89000000</valUSD>
        <pctVal>0.002176862299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Codan Ltd</name>
        <lei>9845005866EB809B5694</lei>
        <title>Codan Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000CDA3"/>
        </identifiers>
        <balance>695720.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>9301916.31000000</valUSD>
        <pctVal>0.654991524306</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Megaport Ltd</name>
        <lei>894500C1KRF5V774HH90</lei>
        <title>Megaport Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000MP15"/>
        </identifiers>
        <balance>879583.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>8401475.83000000</valUSD>
        <pctVal>0.591587289857</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Valuetronics Holdings Ltd</name>
        <lei>529900LG9JX7VYZ6QG47</lei>
        <title>Valuetronics Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG9316Y1084"/>
        </identifiers>
        <balance>1568450.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>934645.93000000</valUSD>
        <pctVal>0.065812800500</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GenusPlus Group Ltd</name>
        <lei>N/A</lei>
        <title>GenusPlus Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000117160"/>
        </identifiers>
        <balance>88729.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>256596.12000000</valUSD>
        <pctVal>0.018068135443</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NETLINK NBN TRUST</name>
        <lei>25490032IBVZHHXJIM98</lei>
        <title>Netlink NBN Trust</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1DH9000006"/>
        </identifiers>
        <balance>9082600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>6257221.67000000</valUSD>
        <pctVal>0.440600304600</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First Pacific Co Ltd</name>
        <lei>254900VS1MDQSDM9DE09</lei>
        <title>First Pacific Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG348041077"/>
        </identifiers>
        <balance>11520000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>9064229.50000000</valUSD>
        <pctVal>0.638254882006</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Best Mart 360 Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Best Mart 360 Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG1065A1004"/>
        </identifiers>
        <balance>1046000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>305057.57000000</valUSD>
        <pctVal>0.021480533270</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fletcher Building Ltd</name>
        <lei>549300UPHQTT2LG75045</lei>
        <title>Fletcher Building Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZFBUE0001S0"/>
        </identifiers>
        <balance>1015771.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69750500"/>
        <valUSD>1812048.75000000</valUSD>
        <pctVal>0.127594845333</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Step One Clothing Ltd</name>
        <lei>549300KNMN3AUILTAV12</lei>
        <title>Step One Clothing Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000181174"/>
        </identifiers>
        <balance>74766.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>33716.55000000</valUSD>
        <pctVal>0.002374140310</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VPower Group International Holdings Ltd</name>
        <lei>529900NHKUJSH9NFD849</lei>
        <title>VPower Group International Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG939541085"/>
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        <balance>1521397.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>55148.80000000</valUSD>
        <pctVal>0.003883285483</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="55235.26000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IPE Group Ltd</name>
        <lei>N/A</lei>
        <title>IPE Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG4935G1091"/>
        </identifiers>
        <balance>3145000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>173017.87000000</valUSD>
        <pctVal>0.012182999139</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Stella International Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Stella International Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG846981028"/>
        </identifiers>
        <balance>2916500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>5792288.26000000</valUSD>
        <pctVal>0.407862164118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>APAC Resources Ltd</name>
        <lei>529900DG07RC2OJKXT05</lei>
        <title>APAC Resources Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG0403V2062"/>
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        <balance>2657284.60000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>445093.14000000</valUSD>
        <pctVal>0.031341094083</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gold Peak Technology Group Ltd</name>
        <lei>N/A</lei>
        <title>Gold Peak Technology Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0040000298"/>
        </identifiers>
        <balance>3029642.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>251743.95000000</valUSD>
        <pctVal>0.017726471411</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>Eagle Nice International Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Eagle Nice International Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG2951U1013"/>
        </identifiers>
        <balance>844000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>436848.06000000</valUSD>
        <pctVal>0.030760519356</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aurelia Metals Ltd</name>
        <lei>5493005OS7G5RY15ND07</lei>
        <title>Aurelia Metals Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000AMI1"/>
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        <balance>8505115.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>952904.19000000</valUSD>
        <pctVal>0.067098450160</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fu Yu Corp Ltd</name>
        <lei>N/A</lei>
        <title>Fu Yu Corp. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1B56010922"/>
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        <balance>3048000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>251948.28000000</valUSD>
        <pctVal>0.017740859244</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="89241.21000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Asia Standard International Group Ltd</name>
        <lei>2549003WYM14VF96TT33</lei>
        <title>Asia Standard International Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG0533U2355"/>
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        <balance>10846917.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>444861.77000000</valUSD>
        <pctVal>0.031324802237</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TAI Cheung Holdings Ltd</name>
        <lei>N/A</lei>
        <title>TAI Cheung Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG8659B1054"/>
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        <balance>1557000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>662321.62000000</valUSD>
        <pctVal>0.046637169482</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KuangChi Science Ltd</name>
        <lei>984500B657C5AC8BC588</lei>
        <title>KuangChi Science Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG5326A1146"/>
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        <balance>190000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>29864.32000000</valUSD>
        <pctVal>0.002102886741</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Maxiparts Ltd</name>
        <lei>N/A</lei>
        <title>Maxiparts Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000MXI3"/>
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        <balance>105244.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>155716.86000000</valUSD>
        <pctVal>0.010964753938</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Television Broadcasts Ltd</name>
        <lei>N/A</lei>
        <title>Television Broadcasts Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0000139300"/>
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        <balance>1692100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>898670.00000000</valUSD>
        <pctVal>0.063279566654</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="286217.03000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Syrah Resources Ltd</name>
        <lei>254900ZS2VP83B6L6Y30</lei>
        <title>Syrah Resources Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000SYR9"/>
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        <balance>4158972.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>1015650.04000000</valUSD>
        <pctVal>0.071516679541</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="887678.18000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>RPMGlobal Holdings Ltd</name>
        <lei>529900TYT77BXLM9LW61</lei>
        <title>RPMGlobal Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000RUL2"/>
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        <balance>1121436.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>2418267.25000000</valUSD>
        <pctVal>0.170281531188</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Lam Soon Hong Kong Ltd</name>
        <lei>549300UTCJV1K4FT3624</lei>
        <title>Lam Soon Hong Kong Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0411006957"/>
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        <balance>302310.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>406002.45000000</valUSD>
        <pctVal>0.028588535387</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>
        <name>Rakon Ltd</name>
        <lei>254900MIESC8YNT6GR10</lei>
        <title>Rakon Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZRAKE0001S8"/>
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        <balance>187210.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69750500"/>
        <valUSD>88452.52000000</valUSD>
        <pctVal>0.006228356499</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Domain Holdings Australia Ltd</name>
        <lei>N/A</lei>
        <title>Domain Holdings Australia Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000DHG9"/>
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        <balance>1417222.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>4007978.32000000</valUSD>
        <pctVal>0.282220538404</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Golden Agri-Resources Ltd</name>
        <lei>529900GAK9LTNC3IFY40</lei>
        <title>Golden Agri-Resources Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MU0117U00026"/>
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        <balance>27129800.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>5310767.01000000</valUSD>
        <pctVal>0.373955996075</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mesoblast Ltd</name>
        <lei>529900J5ALF3JG921927</lei>
        <title>Mesoblast Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000MSB8"/>
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        <balance>4400787.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>6652272.73000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="6683143.86000000"/>
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      <invstOrSec>
        <name>Inghams Group Ltd</name>
        <lei>529900ZZ4VRHSGVBNE41</lei>
        <title>Inghams Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000ING6"/>
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        <balance>2309486.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
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        <pctVal>0.360203037414</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Retail Food Group Ltd</name>
        <lei>5299002Q40Q22N4FP788</lei>
        <title>Retail Food Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000RFG3"/>
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        <balance>274731.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
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        <pctVal>0.024546488021</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alliance Aviation Services Ltd</name>
        <lei>N/A</lei>
        <title>Alliance Aviation Services Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000AQZ6"/>
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        <balance>376418.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="43548.76000000"/>
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      <invstOrSec>
        <name>Public Financial Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Public Financial Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG7297B1054"/>
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        <balance>1552000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>McMillan Shakespeare Ltd</name>
        <lei>254900GPJQUGWJEAZ102</lei>
        <title>McMillan Shakespeare Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000MMS5"/>
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        <balance>317770.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Johnson Electric Holdings Ltd</name>
        <lei>529900EDYRQ6K25JEC80</lei>
        <title>Johnson Electric Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG5150J1577"/>
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        <balance>1788668.00000000</balance>
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        <valUSD>5271855.35000000</valUSD>
        <pctVal>0.371216043720</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Midland Holdings Ltd</name>
        <lei>5493007HC5HKY6RXSQ87</lei>
        <title>Midland Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG4491W1001"/>
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        <balance>2585987.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>581938.33000000</valUSD>
        <pctVal>0.040977005287</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Perseus Mining Ltd</name>
        <lei>54930054ZDGKBCW3SM26</lei>
        <title>Perseus Mining Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000PRU3"/>
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        <balance>7532319.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>15725274.66000000</valUSD>
        <pctVal>1.107290291208</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</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>Hong Kong Zcloud Technology Construction Ltd</name>
        <lei>N/A</lei>
        <title>Hong Kong Zcloud Technology Construction Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG3708A1094"/>
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        <balance>40000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>70841.85000000</valUSD>
        <pctVal>0.004988306685</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Apollo Future Mobility Group Ltd</name>
        <lei>254900FSC6Y1G7D3ST85</lei>
        <title>Apollo Future Mobility Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG0411X1112"/>
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        <balance>583599.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>59881.72000000</valUSD>
        <pctVal>0.004216552563</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Regal Partners Ltd</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ReadyTech Holdings Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hot Chili Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fleetwood Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Karoon Energy Ltd</name>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>New World Development Co Ltd</name>
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        <assetCat>EC</assetCat>
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        <invCountry>HK</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PSC Corp Ltd</name>
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        <invCountry>SG</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Analogue Holdings Ltd</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Low Keng Huat Singapore Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ho Bee Land Ltd</name>
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        <assetCat>EC</assetCat>
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        <invCountry>SG</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SBS Transit Ltd</name>
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        <invCountry>SG</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ClearView Wealth Ltd/Australia</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UNTRADE.GOLD FIN HLDG</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Ventia Services Group Pty Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Del Monte Pacific Ltd</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>OM Holdings Ltd</name>
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        <name>Amplitude Energy Ltd</name>
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        <name>GR Engineering Services Ltd</name>
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        <name>APAC Resources Ltd</name>
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        <name>Perenti Ltd</name>
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        <name>Michael Hill International Ltd</name>
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        <name>Honma Golf Ltd</name>
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        <title>Honma Golf Ltd.</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Super Retail Group Ltd</name>
        <lei>9845001C5140A8CK7D81</lei>
        <title>Super Retail Group Ltd.</title>
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          <isin value="AU000000SUL0"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>China Sunsine Chemical Holdings Ltd</name>
        <lei>N/A</lei>
        <title>China Sunsine Chemical Holdings Ltd.</title>
        <cusip>000000000</cusip>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Black Cat Syndicate Ltd</name>
        <lei>N/A</lei>
        <title>Black Cat Syndicate Ltd.</title>
        <cusip>000000000</cusip>
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        <balance>4879.00000000</balance>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="WAR">
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              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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              <otherRefInst>
                <issuerName>Black Cat Syndicate Ltd.</issuerName>
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      <invstOrSec>
        <name>Downer EDI Ltd</name>
        <lei>254900DIW3F7OMWAO951</lei>
        <title>Downer EDI Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000DOW2"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Civmec Australia Ltd</name>
        <lei>N/A</lei>
        <title>Civmec Australia Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="AU0000012056"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JBM Healthcare Ltd</name>
        <lei>N/A</lei>
        <title>JBM Healthcare Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="KYG1090B1077"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Coast Entertainment Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Coast Entertainment Holdings Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="AU0000314254"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Alligator Energy Ltd</name>
        <lei>N/A</lei>
        <title>Alligator Energy Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000AGE2"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Food Empire Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Food Empire Holdings Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="SG1I44882534"/>
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        <balance>845300.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Shenwan Hongyuan HK Ltd</name>
        <lei>984500F9A6AD8B63BE78</lei>
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        <cusip>000000000</cusip>
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          <isin value="HK0218001102"/>
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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>Eagers Automotive Ltd</name>
        <lei>2549009FI5JQMNR9RJ37</lei>
        <title>Eagers Automotive Ltd.</title>
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          <isin value="AU000000APE3"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Challenger Ltd</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wing Tai Holdings Ltd</name>
        <lei>984500SB157F8C2A6839</lei>
        <title>Wing Tai Holdings Ltd.</title>
        <cusip>000000000</cusip>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SpeedCast International Ltd</name>
        <lei>254900X7XKXRGGDD3O38</lei>
        <title>SpeedCast International Ltd.</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>CN Logistics International Holdings Ltd</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Regis Resources Ltd</name>
        <lei>213800XH9YUXBLYBD749</lei>
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        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Antipa Minerals Ltd</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Vault Minerals Ltd</name>
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        <invCountry>AU</invCountry>
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      <invstOrSec>
        <name>Bubs Australia Ltd</name>
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        <title>Bubs Australia Ltd.</title>
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        <assetCat>EC</assetCat>
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        <name>Strike Energy Ltd</name>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <name>Ora Banda Mining Ltd</name>
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        <title>Ora Banda Mining Ltd.</title>
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        <name>Vicom Ltd</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ainsworth Game Technology Ltd</name>
        <lei>N/A</lei>
        <title>Ainsworth Game Technology Ltd.</title>
        <cusip>000000000</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Far East Orchard Ltd</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>St Barbara Ltd</name>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Supply Network Ltd</name>
        <lei>N/A</lei>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Shun Tak Holdings Ltd</name>
        <lei>2549009R5NCY1DI0ZG82</lei>
        <title>Shun Tak Holdings Ltd.</title>
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          <isin value="HK0242001243"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AOM International Group Co Ltd</name>
        <lei>N/A</lei>
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          <isin value="BMG5278S5012"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mayne Pharma Group Ltd</name>
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          <isin value="AU000000MYX0"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Serko Ltd</name>
        <lei>N/A</lei>
        <title>Serko Ltd.</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CK Life Sciences Int'l Holdings Inc</name>
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        <title>CK Life Sciences International Holdings, Inc.</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Unity Group Holdings International Ltd</name>
        <lei>N/A</lei>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Adairs Ltd</name>
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        <title>Adairs Ltd.</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Gallant Venture Ltd</name>
        <lei>N/A</lei>
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          <isin value="SG1T37930313"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Corporate Travel Management Ltd</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>CSI Properties Ltd</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Australian Ethical Investment Ltd</name>
        <lei>261700TW5OWRLEFOCX59</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Imugene Ltd</name>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Regal Hotels International Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Regal Hotels International Holdings Ltd.</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bapcor Ltd</name>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Perpetual Ltd</name>
        <lei>549300US8OE0UQWXPO82</lei>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Glorious Sun Enterprises Ltd</name>
        <lei>529900ID09TN2DPBP653</lei>
        <title>Glorious Sun Enterprises Ltd.</title>
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          <isin value="BMG3939X1002"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Praemium Ltd</name>
        <lei>N/A</lei>
        <title>Praemium Ltd.</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Vobile Group Ltd</name>
        <lei>254900YIB5FJSDJA2S88</lei>
        <title>Vobile Group Ltd.</title>
        <cusip>000000000</cusip>
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        <balance>2957000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Walkabout Resources Ltd</name>
        <lei>9845002BFEEAEAEBEE90</lei>
        <title>Walkabout Resources Ltd.</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pepper Money Ltd/Australia</name>
        <lei>549300YIM8RX3KHGIU35</lei>
        <title>Pepper Money Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000150898"/>
        </identifiers>
        <balance>438967.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>542166.45000000</valUSD>
        <pctVal>0.038176480810</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="150409.88000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NZX Ltd</name>
        <lei>254900KTE7C5U39QMD43</lei>
        <title>NZX Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZNZXE0001S7"/>
        </identifiers>
        <balance>1132439.40000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69750500"/>
        <valUSD>1020151.11000000</valUSD>
        <pctVal>0.071833620975</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="10952.45000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Impro Precision Industries Ltd</name>
        <lei>2549009NAG20HWV31U35</lei>
        <title>Impro Precision Industries Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG4723A1085"/>
        </identifiers>
        <balance>1035000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>399138.59000000</valUSD>
        <pctVal>0.028105218834</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bellevue Gold Ltd</name>
        <lei>N/A</lei>
        <title>Bellevue Gold Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000019374"/>
        </identifiers>
        <balance>8635637.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>4451546.65000000</valUSD>
        <pctVal>0.313454263469</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VTech Holdings Ltd</name>
        <lei>N/A</lei>
        <title>VTech Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG9400S1329"/>
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        <balance>796000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>5898327.86000000</valUSD>
        <pctVal>0.415328909348</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Safety Godown Co Ltd</name>
        <lei>N/A</lei>
        <title>Safety Godown Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0000642089"/>
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        <balance>1200000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>320884.59000000</valUSD>
        <pctVal>0.022594987927</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>GR Life Style Company Ltd</name>
        <lei>N/A</lei>
        <title>GR Life Style Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0108000628"/>
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        <balance>2568000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>336513.01000000</valUSD>
        <pctVal>0.023695458228</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>Humm Group Ltd</name>
        <lei>549300Z5SL6S3F9O0M28</lei>
        <title>Humm Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000121337"/>
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        <balance>1917461.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>706361.34000000</valUSD>
        <pctVal>0.049738212576</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="203549.60000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Frontier Digital Ventures Ltd</name>
        <lei>N/A</lei>
        <title>Frontier Digital Ventures Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000FDV2"/>
        </identifiers>
        <balance>1085135.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>223271.60000000</valUSD>
        <pctVal>0.015721599802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="224351.56000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grange Resources Ltd</name>
        <lei>529900NMGGZAKQ0JZU73</lei>
        <title>Grange Resources Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000GRR8"/>
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        <balance>3455579.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>431511.83000000</valUSD>
        <pctVal>0.030384770392</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="8926.27000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tyro Payments Ltd</name>
        <lei>984500UB1AC1CA69AD85</lei>
        <title>Tyro Payments Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000066508"/>
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        <balance>2636890.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>1607096.77000000</valUSD>
        <pctVal>0.113163215837</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="863836.40000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Seatrium Ltd</name>
        <lei>254900MQNHWMN6X1NV39</lei>
        <title>Seatrium Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SGXE34184239"/>
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        <balance>6177100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>10735556.22000000</valUSD>
        <pctVal>0.755940829660</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="175496.75000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Hang Lung Group Ltd</name>
        <lei>529900V2T2EPOQYH0981</lei>
        <title>Hang Lung Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0010000088"/>
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        <balance>3875000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>7000719.63000000</valUSD>
        <pctVal>0.492953480646</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>G8 Education Ltd</name>
        <lei>5299008FNTQ0LDQ3UZ44</lei>
        <title>G8 Education Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000GEM7"/>
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        <balance>4419606.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>2547894.74000000</valUSD>
        <pctVal>0.179409210307</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</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>Integral Diagnostics Ltd</name>
        <lei>N/A</lei>
        <title>Integral Diagnostics Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000IDX2"/>
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        <balance>1956940.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>3352169.50000000</valUSD>
        <pctVal>0.236041965694</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1466323.95000000"/>
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      <invstOrSec>
        <name>Delegat Group Ltd</name>
        <lei>N/A</lei>
        <title>Delegat Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZDGLE0001S3"/>
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        <balance>6400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69750500"/>
        <valUSD>14724.33000000</valUSD>
        <pctVal>0.001036809086</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="14774.01000000"/>
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      <invstOrSec>
        <name>Sheng Siong Group Ltd</name>
        <lei>N/A</lei>
        <title>Sheng Siong Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG2D54973185"/>
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        <balance>3512900.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>5670817.33000000</valUSD>
        <pctVal>0.399308826617</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Neuren Pharmaceuticals Ltd</name>
        <lei>984500E48D0FDEE7CE63</lei>
        <title>Neuren Pharmaceuticals Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZNEUE0001S8"/>
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        <balance>281176.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>3083242.47000000</valUSD>
        <pctVal>0.217105553084</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Miramar Hotel &amp; Investment</name>
        <lei>N/A</lei>
        <title>Miramar Hotel &amp; Investment</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0071000456"/>
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        <balance>1129000.00000000</balance>
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        <valUSD>1425292.46000000</valUSD>
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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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Greentech Technology International Ltd</name>
        <lei>N/A</lei>
        <title>Greentech Technology International Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG4100V1133"/>
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        <balance>2594000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>34696.82000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SKYCITY Entertainment Group Ltd</name>
        <lei>N/A</lei>
        <title>SKYCITY Entertainment Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZSKCE0001S2"/>
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        <balance>2384467.00000000</balance>
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        <valUSD>1432181.81000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="90576.00000000"/>
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      <invstOrSec>
        <name>Fenix Resources Ltd</name>
        <lei>9845005509CD56C90C23</lei>
        <title>Fenix Resources Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000025132"/>
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        <balance>2407578.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>461996.67000000</valUSD>
        <pctVal>0.032531350855</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="59923.13000000"/>
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      <invstOrSec>
        <name>G-Resources Group Ltd</name>
        <lei>N/A</lei>
        <title>G-Resources Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG4111M2019"/>
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        <balance>1210810.06000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>1664152.92000000</valUSD>
        <pctVal>0.117180806774</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Omni Bridgeway Ltd</name>
        <lei>529900T4EL2A89FPP865</lei>
        <title>Omni Bridgeway Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000082489"/>
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        <balance>1632564.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>1494711.82000000</valUSD>
        <pctVal>0.105249664773</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="276207.90000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Universal Technologies Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Universal Technologies Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG9287P1028"/>
        </identifiers>
        <balance>1730000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>33277.93000000</valUSD>
        <pctVal>0.002343255020</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Emperor Watch &amp; Jewellery Ltd</name>
        <lei>N/A</lei>
        <title>Emperor Watch &amp; Jewellery Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0000047982"/>
        </identifiers>
        <balance>13480000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>694475.86000000</valUSD>
        <pctVal>0.048901300224</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>Liu Chong Hing Investment Ltd</name>
        <lei>353800UY1YM6OQ180X49</lei>
        <title>Liu Chong Hing Investment Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0194000995"/>
        </identifiers>
        <balance>782200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>445335.76000000</valUSD>
        <pctVal>0.031358178094</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>Scales Corp Ltd</name>
        <lei>254900IWZH7OUG9T2R86</lei>
        <title>Scales Corp. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZSCLE0002S8"/>
        </identifiers>
        <balance>463349.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69750500"/>
        <valUSD>1288163.20000000</valUSD>
        <pctVal>0.090705608371</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vista Group International Ltd</name>
        <lei>N/A</lei>
        <title>Vista Group International Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZVGLE0003S1"/>
        </identifiers>
        <balance>805750.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69750500"/>
        <valUSD>1667101.57000000</valUSD>
        <pctVal>0.117388435040</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="305090.60000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AEM Holdings Ltd</name>
        <lei>N/A</lei>
        <title>AEM Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1BA1000003"/>
        </identifiers>
        <balance>1185174.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>1460169.24000000</valUSD>
        <pctVal>0.102817359819</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1366112.39000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Monash IVF Group Ltd</name>
        <lei>9845000F654B75F7D091</lei>
        <title>Monash IVF Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000MVF3"/>
        </identifiers>
        <balance>2107480.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>1077562.72000000</valUSD>
        <pctVal>0.075876241517</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="648599.11000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Accent Group Ltd</name>
        <lei>N/A</lei>
        <title>Accent Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000AX19"/>
        </identifiers>
        <balance>2665493.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>2539075.15000000</valUSD>
        <pctVal>0.178788181639</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1502341.65000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Midas Holdings Ltd</name>
        <lei>529900WQVJ0ZE1ILB637</lei>
        <title>Midas Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1P73919000"/>
        </identifiers>
        <balance>8576553.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="783083.61000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Regis Healthcare Ltd</name>
        <lei>N/A</lei>
        <title>Regis Healthcare Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000REG6"/>
        </identifiers>
        <balance>908858.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>4855725.42000000</valUSD>
        <pctVal>0.341914385000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>International Housewares Retail Co Ltd</name>
        <lei>N/A</lei>
        <title>International Housewares Retail Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG487291000"/>
        </identifiers>
        <balance>1856000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>203242.40000000</valUSD>
        <pctVal>0.014311249955</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Theme International Holdings Ltd</name>
        <lei>254900DDY9OP9TPSE246</lei>
        <title>Theme International Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG8800F1876"/>
        </identifiers>
        <balance>22110000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>2366175.58000000</valUSD>
        <pctVal>0.166613512557</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="89950.62000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iFAST Corp Ltd</name>
        <lei>254900R8J6BPHWK23Z14</lei>
        <title>iFAST Corp. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1AF5000000"/>
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        <balance>758400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>5276742.06000000</valUSD>
        <pctVal>0.371560139875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="979118.10000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Allied Group Ltd</name>
        <lei>N/A</lei>
        <title>Allied Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0000650413"/>
        </identifiers>
        <balance>2806000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>595141.16000000</valUSD>
        <pctVal>0.041906678427</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>Tan Chong International Ltd</name>
        <lei>N/A</lei>
        <title>Tan Chong International Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG8667Z1023"/>
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        <balance>1176000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>217440.90000000</valUSD>
        <pctVal>0.015311032887</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Texhong International Group Ltd</name>
        <lei>213800M1HN85ACHDBK34</lei>
        <title>Texhong International Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG876551170"/>
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        <balance>786000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>475972.76000000</valUSD>
        <pctVal>0.033515472856</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chuang's Consortium International Ltd</name>
        <lei>N/A</lei>
        <title>Chuang's Consortium International Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG2122V1458"/>
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        <balance>7519043.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>341740.98000000</valUSD>
        <pctVal>0.024063584099</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Esprit Holdings Ltd</name>
        <lei>529900Y9K70J2INEUB08</lei>
        <title>Esprit Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG3122U1457"/>
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        <balance>10240325.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>126214.29000000</valUSD>
        <pctVal>0.008887339709</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Smart Digital Technology Group Ltd</name>
        <lei>N/A</lei>
        <title>Smart Digital Technology Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG5137Y1113"/>
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        <balance>26000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>13370.23000000</valUSD>
        <pctVal>0.000941460558</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Luk Fook Holdings International Ltd</name>
        <lei>529900U7PECBLERIIX44</lei>
        <title>Luk Fook Holdings International Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG5695X1258"/>
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        <balance>1724000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>4498546.30000000</valUSD>
        <pctVal>0.316763729107</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SJM Holdings Ltd</name>
        <lei>529900XEAB40COT5ZL30</lei>
        <title>SJM Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0880043028"/>
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        <balance>12676750.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>5014318.34000000</valUSD>
        <pctVal>0.353081655802</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="3555761.80000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Value Partners Group Ltd</name>
        <lei>549300RYVTCSHFKXHB81</lei>
        <title>Value Partners Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG931751005"/>
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        <balance>6335000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>1723162.77000000</valUSD>
        <pctVal>0.121335966884</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="142624.33000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUNeVision Holdings Ltd</name>
        <lei>N/A</lei>
        <title>SUNeVision Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG857001054"/>
        </identifiers>
        <balance>3380000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>3336197.35000000</valUSD>
        <pctVal>0.234917291753</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UMS Integration Ltd</name>
        <lei>N/A</lei>
        <title>UMS Integration Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1J94892465"/>
        </identifiers>
        <balance>3056868.00000000</balance>
        <units>NS</units>
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        <pctVal>0.250648344023</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</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>Southern Cross Media Group Ltd</name>
        <lei>529900LIF6IT4VHV0617</lei>
        <title>Southern Cross Media Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000SXL4"/>
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        <balance>978868.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>374832.95000000</valUSD>
        <pctVal>0.026393744804</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="220047.34000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Lotus Resources Ltd</name>
        <lei>984500AB0D982CDB3754</lei>
        <title>Lotus Resources Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000058737"/>
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        <balance>81191.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>8443.08000000</valUSD>
        <pctVal>0.000594516834</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Clinuvel Pharmaceuticals Ltd</name>
        <lei>5299004VJH3VCYLK6519</lei>
        <title>Clinuvel Pharmaceuticals Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000CUV3"/>
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        <balance>247196.99000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>2049108.90000000</valUSD>
        <pctVal>0.144287361566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2064870.20000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Mewah International Inc</name>
        <lei>2138003YNN85987W7B06</lei>
        <title>Mewah International, Inc.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG6074A1085"/>
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        <balance>89000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>18208.60000000</valUSD>
        <pctVal>0.001282152867</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Peter Warren Automotive Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Peter Warren Automotive Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000143711"/>
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        <balance>406016.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>452375.54000000</valUSD>
        <pctVal>0.031853881999</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="280276.67000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Orora Ltd</name>
        <lei>549300WFEQJK35VDF789</lei>
        <title>Orora Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000ORA8"/>
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        <balance>7230210.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>9596046.93000000</valUSD>
        <pctVal>0.675702639814</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hung Hing Printing Group Ltd</name>
        <lei>254900Y1W7FP9NXS5F96</lei>
        <title>Hung Hing Printing Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0450001869"/>
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        <balance>2940000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>363204.23000000</valUSD>
        <pctVal>0.025574912127</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>Hongkong Chinese Ltd</name>
        <lei>N/A</lei>
        <title>Hongkong Chinese Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG4586T1036"/>
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        <balance>4225774.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>161546.23000000</valUSD>
        <pctVal>0.011375227201</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fraser and Neave Ltd</name>
        <lei>254900OL25S8ZMW51013</lei>
        <title>Fraser &amp; Neave Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1T58930911"/>
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        <balance>414600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>455672.03000000</valUSD>
        <pctVal>0.032086003310</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="137286.93000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>HUB24 Ltd</name>
        <lei>N/A</lei>
        <title>HUB24 Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000HUB4"/>
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        <balance>95014.27000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>6449109.40000000</valUSD>
        <pctVal>0.454112019024</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Champion Iron Ltd</name>
        <lei>894500WQI96G4T75O202</lei>
        <title>Champion Iron Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000CIA2"/>
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        <balance>2280761.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>6026351.59000000</valUSD>
        <pctVal>0.424343660208</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Playmates Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Playmates Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG7130P2206"/>
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        <balance>7082000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>487373.32000000</valUSD>
        <pctVal>0.034318239719</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sun Hung Kai &amp; Co Ltd</name>
        <lei>N/A</lei>
        <title>Sun Hung Kai &amp; Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0086000525"/>
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        <balance>3055327.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>1376301.82000000</valUSD>
        <pctVal>0.096911861700</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>Mader Group Ltd</name>
        <lei>N/A</lei>
        <title>Mader Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000056269"/>
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        <balance>101553.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
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        <pctVal>0.033823609638</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="474675.74000000"/>
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      <invstOrSec>
        <name>DL Holdings Group Ltd</name>
        <lei>N/A</lei>
        <title>DL Holdings Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG3166D1088"/>
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        <balance>1648000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>723640.58000000</valUSD>
        <pctVal>0.050954924850</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="724275.35000000"/>
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      <invstOrSec>
        <name>Pacific Edge Ltd</name>
        <lei>N/A</lei>
        <title>Pacific Edge Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZPEBE0002S1"/>
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        <balance>1413438.00000000</balance>
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        <currencyConditional curCd="NZD" exchangeRt="1.69750500"/>
        <valUSD>83160.70000000</valUSD>
        <pctVal>0.005855734650</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="10064.00000000"/>
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      <invstOrSec>
        <name>Chen Hsong Holdings</name>
        <lei>N/A</lei>
        <title>Chen Hsong Holdings</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG208741063"/>
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        <balance>1296000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hysan Development Co Ltd</name>
        <lei>5299007BABFLKIH9HL03</lei>
        <title>Hysan Development Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0014000126"/>
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        <balance>3493000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>6950557.40000000</valUSD>
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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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Austal Ltd</name>
        <lei>254900DJEFGICBICBU73</lei>
        <title>Austal Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000ASB3"/>
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        <balance>2396743.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>10058074.94000000</valUSD>
        <pctVal>0.708236197466</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Genetic Signatures Ltd</name>
        <lei>N/A</lei>
        <title>Genetic Signatures Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000GSS4"/>
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        <balance>243623.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>51822.95000000</valUSD>
        <pctVal>0.003649096797</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CSC Holdings Ltd/HK</name>
        <lei>N/A</lei>
        <title>CSC Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0235034623"/>
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        <balance>77831250.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>305148.07000000</valUSD>
        <pctVal>0.021486905799</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>
        <name>Bell Financial Group Ltd</name>
        <lei>N/A</lei>
        <title>Bell Financial Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000BFG7"/>
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        <balance>732651.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>591998.93000000</valUSD>
        <pctVal>0.041685419286</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="110006.63000000"/>
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      <invstOrSec>
        <name>United Overseas Insurance Ltd</name>
        <lei>54930011W1CN8KKGG814</lei>
        <title>United Overseas Insurance Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1M91002014"/>
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        <balance>18450.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>113760.96000000</valUSD>
        <pctVal>0.008010442377</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>oOh!media Ltd</name>
        <lei>984500D581E7E7A88078</lei>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Hon Kwok Land Investment Co Ltd</name>
        <lei>N/A</lei>
        <title>Hon Kwok Land Investment Co. Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="HK0160011786"/>
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        <balance>388800.00000000</balance>
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        <pctVal>0.003654305371</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>Mallee Resources Ltd</name>
        <lei>N/A</lei>
        <title>Mallee Resources Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000MYL5"/>
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        <balance>49485.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Harbour Centre Development Ltd</name>
        <lei>N/A</lei>
        <title>Harbour Centre Development Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="HK0051000351"/>
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        <balance>820500.00000000</balance>
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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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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>EuroEyes International Eye Clinic Ltd</name>
        <lei>N/A</lei>
        <title>EuroEyes International Eye Clinic Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="KYG3224D1088"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>C-Mer Medical Holdings Ltd</name>
        <lei>N/A</lei>
        <title>C-Mer Medical Holdings Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="KYG2R51A1053"/>
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        <balance>2840000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Peet Ltd</name>
        <lei>N/A</lei>
        <title>Peet Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000PPC5"/>
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        <balance>1392144.97000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>nib holdings Ltd/Australia</name>
        <lei>529900SPKHL951XMJC07</lei>
        <title>nib holdings Ltd.</title>
        <cusip>000000000</cusip>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SILVER MINES LD OPT UNL</name>
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        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
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              <counterpartyName>N/A</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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                <issuerName>Silver Mines Ltd.</issuerName>
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      <invstOrSec>
        <name>First Sponsor Group Ltd</name>
        <lei>N/A</lei>
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          <isin value="KYG3488W1078"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Town Health International Medical Group Ltd</name>
        <lei>N/A</lei>
        <title>Town Health International Medical Group Ltd.</title>
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          <isin value="BMG8979V1046"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pantoro Gold Ltd</name>
        <lei>254900ZMQXTNJJIP4K51</lei>
        <title>Pantoro Gold Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000PNR8"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Berkeley Energia Ltd</name>
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        <title>Berkeley Energia Ltd.</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Frencken Group Ltd</name>
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        <assetCat>EC</assetCat>
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        <invCountry>SG</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Freightways Group Ltd</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Xinyi Glass Holdings Ltd</name>
        <lei>52990082YXVVZFK1QJ17</lei>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bega Cheese Ltd</name>
        <lei>549300P1H1GM5BXPB476</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Highfield Resources Ltd</name>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Propel Funeral Partners Ltd</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>National United Resources Holdings Ltd</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Channel Infrastructure NZ Ltd</name>
        <lei>984500A6695797B1E679</lei>
        <title>Channel Infrastructure NZ Ltd.</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>PAX Global Technology Ltd</name>
        <lei>5299008CRGPD1WZXCD36</lei>
        <title>PAX Global Technology Ltd.</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>First Shanghai Investments Ltd</name>
        <lei>N/A</lei>
        <title>First Shanghai Investments Ltd.</title>
        <cusip>000000000</cusip>
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        <balance>528000.00000000</balance>
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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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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sing Investments &amp; Finance Ltd</name>
        <lei>N/A</lei>
        <title>Sing Investments &amp; Finance Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1S02002305"/>
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        <balance>526012.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>513777.28000000</valUSD>
        <pctVal>0.036177466294</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>South China Holdings Co Ltd</name>
        <lei>N/A</lei>
        <title>South China Holdings Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG8279G1120"/>
        </identifiers>
        <balance>11854502.61000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>51208.43000000</valUSD>
        <pctVal>0.003605825563</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hongkong &amp; Shanghai Hotels Ltd/The</name>
        <lei>5299001258RHH99P1A15</lei>
        <title>Hongkong &amp; Shanghai Hotels Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0045000319"/>
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        <balance>2131989.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>1586558.86000000</valUSD>
        <pctVal>0.111717045335</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>GuocoLand Ltd</name>
        <lei>N/A</lei>
        <title>GuocoLand Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1R95002270"/>
        </identifiers>
        <balance>909114.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>1181601.73000000</valUSD>
        <pctVal>0.083202115828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kelsian Group Ltd</name>
        <lei>984500FAK68AD2A97558</lei>
        <title>Kelsian Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000186678"/>
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        <balance>1016736.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>2427401.61000000</valUSD>
        <pctVal>0.170924724288</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2180356.93000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chinese Estates Holdings Ltd</name>
        <lei>254900OCQEQVNKB0UF58</lei>
        <title>Chinese Estates Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG2108M2182"/>
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        <balance>2286500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>380061.45000000</valUSD>
        <pctVal>0.026761907995</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jacobson Pharma Corp Ltd</name>
        <lei>N/A</lei>
        <title>Jacobson Pharma Corp. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG677291067"/>
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        <balance>2824000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>600979.22000000</valUSD>
        <pctVal>0.042317763594</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of Queensland Ltd</name>
        <lei>549300WFIN7T02UKDG08</lei>
        <title>Bank of Queensland Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000BOQ8"/>
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        <balance>3406834.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>16597533.22000000</valUSD>
        <pctVal>1.168710104584</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Genesis Energy Ltd</name>
        <lei>254900HM1ABRDJ7T5718</lei>
        <title>Genesis Energy Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZGNEE0001S7"/>
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        <balance>1125377.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69750500"/>
        <valUSD>1577521.32000000</valUSD>
        <pctVal>0.111080669786</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arafura Rare Earths Ltd</name>
        <lei>52990098Y7ZDAOS75K52</lei>
        <title>Arafura Rare Earths Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000ARU5"/>
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        <balance>12000529.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>1337300.45000000</valUSD>
        <pctVal>0.094165592444</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1356862.15000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Pilbara Minerals Ltd</name>
        <lei>5299000VV1CZVF5K9C16</lei>
        <title>Pilbara Minerals Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000PLS0"/>
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        <balance>375916.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>381445.09000000</valUSD>
        <pctVal>0.026859336572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="389817.36000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hong Leong Finance Ltd</name>
        <lei>N/A</lei>
        <title>Hong Leong Finance Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1M04001939"/>
        </identifiers>
        <balance>1076500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>2246357.19000000</valUSD>
        <pctVal>0.158176538143</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SIIC Environment Holdings Ltd</name>
        <lei>529900ZAZ26OFOTVGA61</lei>
        <title>SIIC Environment Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1BI7000000"/>
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        <balance>34200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>4407.52000000</valUSD>
        <pctVal>0.000310354140</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORNING STAR GOLD NL</name>
        <lei>N/A</lei>
        <title>Morning Star Gold NL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal Identifier" value="902AXG907"/>
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        <balance>332749.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Appen Ltd</name>
        <lei>254900XDTS1IBK6ZMQ16</lei>
        <title>Appen Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000APX3"/>
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        <balance>1015182.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>574559.57000000</valUSD>
        <pctVal>0.040457432212</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="590311.76000000"/>
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      <invstOrSec>
        <name>Sheffield Resources Ltd/AU</name>
        <lei>N/A</lei>
        <title>Sheffield Resources Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000SFX6"/>
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        <balance>249376.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>27093.49000000</valUSD>
        <pctVal>0.001907779614</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kowloon Development Co Ltd</name>
        <lei>N/A</lei>
        <title>Kowloon Development Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0034000254"/>
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        <balance>1811301.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>737694.21000000</valUSD>
        <pctVal>0.051944506806</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>Strandline Resources Ltd</name>
        <lei>984500374E3E491BEF05</lei>
        <title>Strandline Resources Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000STA5"/>
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        <balance>2534832.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
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        <pctVal>0.002064712123</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Austin Engineering Ltd</name>
        <lei>549300PTFWS21NJC2396</lei>
        <title>Austin Engineering Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000ANG3"/>
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        <balance>927055.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>211170.75000000</valUSD>
        <pctVal>0.014869522238</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="57790.83000000"/>
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      <invstOrSec>
        <name>Lai Sun Development Co Ltd</name>
        <lei>254900703QFF6V3H5059</lei>
        <title>Lai Sun Development Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0000356821"/>
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        <balance>2556894.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>236882.06000000</valUSD>
        <pctVal>0.016679976081</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>Melco International Development Ltd</name>
        <lei>5299005YLKSGQRHYMI33</lei>
        <title>Melco International Development Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0200030994"/>
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        <balance>2439499.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>1686854.82000000</valUSD>
        <pctVal>0.118779353953</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>Capricorn Metals Ltd</name>
        <lei>529900CRG304NUYMOV23</lei>
        <title>Capricorn Metals Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000CMM9"/>
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        <balance>2384336.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>13657118.83000000</valUSD>
        <pctVal>0.961661746029</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</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 Aviation Oil Singapore Corp Ltd</name>
        <lei>79GWRL7CPDKLUJ3L0772</lei>
        <title>China Aviation Oil Singapore Corp. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1T06929205"/>
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        <balance>1356599.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>1168497.31000000</valUSD>
        <pctVal>0.082279372198</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Generation Development Group Ltd</name>
        <lei>N/A</lei>
        <title>Generation Development Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000005126"/>
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        <balance>301781.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>1167449.78000000</valUSD>
        <pctVal>0.082205610701</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hallenstein Glasson Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Hallenstein Glasson Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZHLGE0001S4"/>
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        <balance>194394.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69750500"/>
        <valUSD>995500.02000000</valUSD>
        <pctVal>0.070097822192</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="110491.53000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NZME Ltd</name>
        <lei>2549000H6X514LMFB593</lei>
        <title>NZME Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZNZME0001S0"/>
        </identifiers>
        <balance>62826.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69750500"/>
        <valUSD>42145.18000000</valUSD>
        <pctVal>0.002967639652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="42399.34000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New World Resources Ltd</name>
        <lei>N/A</lei>
        <title>New World Resources Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000006934"/>
        </identifiers>
        <balance>2751437.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>117886.62000000</valUSD>
        <pctVal>0.008300949434</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="6493.35000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NZME Ltd</name>
        <lei>2549000H6X514LMFB593</lei>
        <title>NZME Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZNZME0001S0"/>
        </identifiers>
        <balance>513703.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>349279.17000000</valUSD>
        <pctVal>0.024594383387</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="175204.47000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Beach Energy Ltd</name>
        <lei>8Q9PJD25OKTQT5FHUF40</lei>
        <title>Beach Energy Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000BPT9"/>
        </identifiers>
        <balance>9447642.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>7081683.31000000</valUSD>
        <pctVal>0.498654512822</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Guotai Junan International Holdings Ltd</name>
        <lei>2138006FECWIZUO67V37</lei>
        <title>Guotai Junan International Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0000065869"/>
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        <balance>13159797.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>10726312.49000000</valUSD>
        <pctVal>0.755289935307</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="8047252.28000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ansell Ltd</name>
        <lei>549300NEGJ5G23VCJM45</lei>
        <title>Ansell Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000ANN9"/>
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        <balance>782122.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>14973461.67000000</valUSD>
        <pctVal>1.054351614928</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lai Sun Garment International Ltd</name>
        <lei>254900174PJNJZL9CU22</lei>
        <title>Lai Sun Garment International Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0000356805"/>
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        <balance>67442.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>4810.08000000</valUSD>
        <pctVal>0.000338700277</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>Hiap Hoe Ltd</name>
        <lei>N/A</lei>
        <title>Hiap Hoe Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1U37933462"/>
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        <balance>498000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>206716.79000000</valUSD>
        <pctVal>0.014555898039</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bravura Solutions Ltd</name>
        <lei>529900RBSF446W3SB455</lei>
        <title>Bravura Solutions Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000BVS9"/>
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        <balance>1949612.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>2675679.30000000</valUSD>
        <pctVal>0.188407120087</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="195309.57000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Abterra Ltd</name>
        <lei>N/A</lei>
        <title>Abterra Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG2C12961455"/>
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        <balance>230320.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mandarin Oriental International Ltd</name>
        <lei>213800KQ1UMKZ1JXJR80</lei>
        <title>Mandarin Oriental International Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG578481068"/>
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        <balance>1042100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2059343.83000000</valUSD>
        <pctVal>0.145008050957</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shaver Shop Group Ltd</name>
        <lei>N/A</lei>
        <title>Shaver Shop Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000SSG4"/>
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        <balance>555458.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>527188.51000000</valUSD>
        <pctVal>0.037121813855</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Lycopodium Ltd</name>
        <lei>2549001A9OUIDKVOOI57</lei>
        <title>Lycopodium Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000LYL7"/>
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        <balance>129244.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>945606.66000000</valUSD>
        <pctVal>0.066584596870</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="8087.09000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Servcorp Ltd</name>
        <lei>N/A</lei>
        <title>Servcorp Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000SRV5"/>
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        <balance>287787.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>1091375.57000000</valUSD>
        <pctVal>0.076848869024</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="775061.55000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>YT Realty Group Ltd</name>
        <lei>254900S5IMYGWKPA7S46</lei>
        <title>YT Realty Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG987731079"/>
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        <balance>690124.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>13707.01000000</valUSD>
        <pctVal>0.000965174817</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Olam Group Ltd</name>
        <lei>9845006F83F5EEC2A704</lei>
        <title>Olam Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SGXE65760014"/>
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        <balance>2141300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>1712352.29000000</valUSD>
        <pctVal>0.120574750320</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nufarm Ltd</name>
        <lei>529900QVU58IVMPRWJ98</lei>
        <title>Nufarm Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000NUF3"/>
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        <balance>2046021.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>3378673.47000000</valUSD>
        <pctVal>0.237908234443</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VSTECS Holdings Ltd</name>
        <lei>N/A</lei>
        <title>VSTECS Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG9400C1116"/>
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        <balance>3599600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>4165863.39000000</valUSD>
        <pctVal>0.293337966171</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ISDN Holdings Ltd</name>
        <lei>254900AT7BBV3IUAY650</lei>
        <title>ISDN Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1S48927937"/>
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        <balance>675249.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>192269.66000000</valUSD>
        <pctVal>0.013538607904</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nanofilm Technologies International Ltd</name>
        <lei>N/A</lei>
        <title>Nanofilm Technologies International Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SGXE61652363"/>
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        <balance>884300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>497454.84000000</valUSD>
        <pctVal>0.035028126793</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="394317.61000000"/>
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      <invstOrSec>
        <name>Seven West Media Ltd</name>
        <lei>5299000SUVHQV28IMC77</lei>
        <title>Seven West Media Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000SWM4"/>
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        <balance>4780895.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>429598.07000000</valUSD>
        <pctVal>0.030250013581</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="311244.62000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Steel &amp; Tube Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Steel &amp; Tube Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZSUTE0001S5"/>
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        <balance>326363.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69750500"/>
        <valUSD>140832.86000000</valUSD>
        <pctVal>0.009916701738</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="143.04000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Nanosonics Ltd</name>
        <lei>549300XUBCM70BRANN81</lei>
        <title>Nanosonics Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000NAN9"/>
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        <balance>777927.00000000</balance>
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        <pctVal>0.141876940792</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</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>Aeon Credit Service Asia Co Ltd</name>
        <lei>N/A</lei>
        <title>Aeon Credit Service Asia Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0900002681"/>
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        <balance>626248.00000000</balance>
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        <pctVal>0.041282046640</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>Renascor Resources Ltd</name>
        <lei>529900GB83LS85EUO142</lei>
        <title>Renascor Resources Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000RNU8"/>
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        <balance>181745.00000000</balance>
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        <valUSD>7596.10000000</valUSD>
        <pctVal>0.000534877002</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNTRADE CW GROUP HOLD</name>
        <lei>N/A</lei>
        <title>CW Group Holdings Ltd.</title>
        <cusip>000000000</cusip>
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          <other otherDesc="Internal Identifier" value="967FTE908"/>
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        <balance>1361500.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Restaurant Brands New Zealand Ltd</name>
        <lei>98450013FCDEC84U9C76</lei>
        <title>Restaurant Brands New Zealand Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="NZRBDE0001S1"/>
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        <balance>87642.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Skellerup Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Skellerup Holdings Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="NZSKXE0001S8"/>
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        <balance>682689.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OFX Group Ltd</name>
        <lei>N/A</lei>
        <title>OFX Group Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000OFX5"/>
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        <balance>1307717.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Collins Foods Ltd</name>
        <lei>529900SNO1ZIFF0A2094</lei>
        <title>Collins Foods Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000CKF7"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Wagners Holding Co Ltd</name>
        <lei>549300870JR461HY2844</lei>
        <title>Wagners Holding Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000WGN7"/>
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        <balance>137096.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Far East Consortium International Ltd</name>
        <lei>54930031259IQB0EH527</lei>
        <title>Far East Consortium International Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG3307Z1090"/>
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        <balance>6604629.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pacific Century Regional Developments Ltd</name>
        <lei>213800K6MJLXCTVRQG53</lei>
        <title>Pacific Century Regional Developments Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1J17886040"/>
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        <balance>179000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pacific Textiles Holdings Ltd</name>
        <lei>5299009IC8ZP94KPH034</lei>
        <title>Pacific Textiles Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG686121032"/>
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        <balance>4674000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>K Wah International Holdings Ltd</name>
        <lei>529900ZOP51K5LHLPK04</lei>
        <title>K Wah International Holdings Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="BMG5321P1169"/>
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        <balance>3704000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Venture Corp Ltd</name>
        <lei>254900B1NLZC3J1MAE72</lei>
        <title>Venture Corp. Ltd.</title>
        <cusip>000000000</cusip>
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        <balance>1256800.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Get Nice Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Get Nice Holdings Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="KYG3926K1031"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>GALAN LITHIUM LTD UNL OPT</name>
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        <title>Galan Lithium Ltd.</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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      <invstOrSec>
        <name>Viva Energy Group Ltd</name>
        <lei>N/A</lei>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Contact Energy Ltd</name>
        <lei>549300FT5JOXS1PZ1I32</lei>
        <title>Contact Energy Ltd.</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>NZ</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Transport International Holdings Ltd</name>
        <lei>529900PXKMUICLT3E812</lei>
        <title>Transport International Holdings Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="BMG9031M1082"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Napier Port Holdings Ltd</name>
        <lei>254900WHU7UA3EJ20879</lei>
        <title>Napier Port Holdings Ltd.</title>
        <cusip>000000000</cusip>
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        <balance>46155.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Dream International Ltd</name>
        <lei>984500F7E5EE7MCF8192</lei>
        <title>Dream International Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="HK1126010854"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Vedan International Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Vedan International Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG9327M1015"/>
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        <balance>3576000.00000000</balance>
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        <valUSD>297663.51000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</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>Centurion Corp Ltd</name>
        <lei>N/A</lei>
        <title>Centurion Corp. Ltd.</title>
        <cusip>000000000</cusip>
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        <balance>1374900.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Singapore Land Group Ltd</name>
        <lei>N/A</lei>
        <title>Singapore Land Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1K37001643"/>
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        <balance>209369.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Oriental Watch Holdings</name>
        <lei>N/A</lei>
        <title>Oriental Watch Holdings</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG6773R1051"/>
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        <balance>1924536.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>829451.24000000</valUSD>
        <pctVal>0.058405549342</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ComfortDelGro Corp Ltd</name>
        <lei>2549005O5PVA2JCH6Q33</lei>
        <title>ComfortDelGro Corp. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1N31909426"/>
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        <balance>10255600.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</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>Magellan Financial Group Ltd</name>
        <lei>549300X5WFW6USQQ9U26</lei>
        <title>Magellan Financial Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000MFG4"/>
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        <balance>1038801.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</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>Electro Optic Systems Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Electro Optic Systems Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000EOS8"/>
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        <balance>89975.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="88932.31000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Rex International Holding Ltd</name>
        <lei>254900GB4SX7JAK74O59</lei>
        <title>Rex International Holding Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG2G04994999"/>
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        <balance>3816300.00000000</balance>
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        <pctVal>0.040559377187</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</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>ASMPT Ltd</name>
        <lei>529900PYFA1HFYKPT360</lei>
        <title>ASMPT Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG0535Q1331"/>
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        <balance>1520900.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
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        <pctVal>0.905982023855</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hour Glass Ltd/The</name>
        <lei>N/A</lei>
        <title>Hour Glass Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1AE9000009"/>
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        <balance>782032.00000000</balance>
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        <pctVal>0.085212160101</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="310760.40000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Lark Distilling Co Ltd</name>
        <lei>N/A</lei>
        <title>Lark Distilling Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000087264"/>
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        <balance>53414.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="13370.68000000"/>
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      <invstOrSec>
        <name>Dicker Data Ltd</name>
        <lei>549300Z9AR1B5G2UQJ37</lei>
        <title>Dicker Data Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000DDR5"/>
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        <balance>471262.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Straits Trading Co Ltd/Singapore</name>
        <lei>875500UD8EBMDH2VFY72</lei>
        <title>Straits Trading Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1J49001550"/>
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        <balance>640894.00000000</balance>
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        <valUSD>794186.82000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="4604.98000000"/>
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      <invstOrSec>
        <name>Kogan.com Ltd</name>
        <lei>529900EOAC36USKQV388</lei>
        <title>Kogan.com Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000KGN2"/>
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        <balance>498157.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="1231425.45000000"/>
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      <invstOrSec>
        <name>Terracom Ltd</name>
        <lei>5299008CZ6QOXMYKVY20</lei>
        <title>Terracom Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000TER9"/>
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        <balance>474154.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Horizon Oil Ltd</name>
        <lei>52990027DG9I87NLGK24</lei>
        <title>Horizon Oil Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000HZN8"/>
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        <balance>3251557.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oxley Holdings Ltd</name>
        <lei>2549000TAL667VJTUW20</lei>
        <title>Oxley Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG2F25986140"/>
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        <balance>3811841.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SATS Ltd</name>
        <lei>529900SEP1R0K8049D51</lei>
        <title>SATS Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="SG1I52882764"/>
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        <balance>218400.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ecograf Ltd</name>
        <lei>529900KXHCIHHB0V1W04</lei>
        <title>Ecograf Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="AU0000071482"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Associated International Hotels Ltd</name>
        <lei>N/A</lei>
        <title>Associated International Hotels Ltd.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>HK</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hong Kong Technology Venture Co Ltd</name>
        <lei>N/A</lei>
        <title>Hong Kong Technology Venture Co. Ltd.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>HK</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cobram Estate Olives Ltd</name>
        <lei>9845009C0DEF11C8B496</lei>
        <title>Cobram Estate Olives Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="AU0000167066"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Air New Zealand Ltd</name>
        <lei>2549005EEIR2FNT5R792</lei>
        <title>Air New Zealand Ltd.</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNTRADE CONVOY</name>
        <lei>N/A</lei>
        <title>Convoy, Inc.</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metro Mining Ltd</name>
        <lei>52990041K94ARLA23314</lei>
        <title>Metro Mining Ltd.</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Zip Co Ltd</name>
        <lei>254900RM95URFC15G140</lei>
        <title>Zip Co. Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="AU0000218307"/>
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        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>17321373.82000000</valUSD>
        <pctVal>1.219679113781</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="16824885.37000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PCCW Ltd</name>
        <lei>254900SI7GPUPA1TJX39</lei>
        <title>PCCW Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0008011667"/>
        </identifiers>
        <balance>11717545.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>8395003.02000000</valUSD>
        <pctVal>0.591131508968</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>Ausgold Ltd</name>
        <lei>894500N1FW604CKRQQ71</lei>
        <title>Ausgold Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000AUC7"/>
        </identifiers>
        <balance>133130.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>46342.52000000</valUSD>
        <pctVal>0.003263194034</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cafe de Coral Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Cafe de Coral Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG1744V1037"/>
        </identifiers>
        <balance>1836000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85000000"/>
        <valUSD>1691531.59000000</valUSD>
        <pctVal>0.119108667249</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yeo Hiap Seng Ltd</name>
        <lei>N/A</lei>
        <title>Yeo Hiap Seng Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1I10878425"/>
        </identifiers>
        <balance>228758.69000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29840000"/>
        <valUSD>107531.38000000</valUSD>
        <pctVal>0.007571788451</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="516.82000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ioneer Ltd</name>
        <lei>N/A</lei>
        <title>ioneer Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000028946"/>
        </identifiers>
        <balance>9898600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.55605700"/>
        <valUSD>724931.39000000</valUSD>
        <pctVal>0.051045816832</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="649924.22000000"/>
        </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>2025-08-27</ncom:dateSigned>
      <ncom:nameOfApplicant>DFA INVESTMENT TRUST CO</ncom:nameOfApplicant>
      <ncom:signature>Randy Olson</ncom:signature>
      <ncom:signerName>Randy Olson</ncom:signerName>
      <ncom:title>Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
