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          <ccc>XXXXXXXX</ccc>
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        <classId>C000194466</classId>
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      <regName>Templeton Global Investment Trust</regName>
      <regFileNumber>811-08226</regFileNumber>
      <regCik>0000916488</regCik>
      <regLei>549300O2JVKNR6RB3F35</regLei>
      <regStreet1>300 S.E. 2nd Street</regStreet1>
      <regCity>Fort Lauderdale</regCity>
      <regStateConditional regCountry="US" regState="US-FL"/>
      <regZipOrPostalCode>33301-1923</regZipOrPostalCode>
      <regPhone>954-527-7500</regPhone>
      <seriesName>Templeton Emerging Markets Small Cap Fund</seriesName>
      <seriesId>S000013684</seriesId>
      <seriesLei>549300F5WA4ZTFPVTT19</seriesLei>
      <repPdEnd>2020-03-31</repPdEnd>
      <repPdDate>2019-12-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
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      <liquidPref>0</liquidPref>
      <cshNotRptdInCorD>0</cshNotRptdInCorD>
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        <payoffProfile>Long</payoffProfile>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>HABIB BANK LTD ORD PKR10</name>
        <lei>549300N63RJKPUYAY631</lei>
        <title>HABIB BANK LTD ORD PKR10</title>
        <cusip>000000000</cusip>
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          <isin value="PK0085101019"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>TRAVELSKY TECHNOLOGY LTD ORD H HKD1</name>
        <lei>5299007TAWP4DZ6QFG73</lei>
        <title>TRAVELSKY TECHNOLOGY LTD ORD H HKD1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000004J3"/>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HATTON NATIONAL BANK PLC ORD LKR NPV</name>
        <lei>2549005Q9UPJZP9QN894</lei>
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        <cusip>000000000</cusip>
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          <isin value="LK0078N00002"/>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TATA CHEMICALS LTD ORD INR10 (DEMAT)</name>
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        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE092A01019"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FILA KOREA LTD ORD KRW 1000</name>
        <lei>N/A</lei>
        <title>FILA KOREA LTD ORD KRW 1000</title>
        <cusip>Y2484W103</cusip>
        <identifiers>
          <ticker value="081660"/>
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        <payoffProfile>Long</payoffProfile>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>INTEROJO CO LTD ORD KRW500</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <isin value="KR7119610004"/>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CHINASOFT INTERNATIONAL LTD ORD HKD.05</name>
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          <isin value="KYG2110A1114"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FPT CORP ORD VND10000</name>
        <lei>N/A</lei>
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        <cusip>Y26333107</cusip>
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          <ticker value="FPT"/>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>RICHTER GEDEON NYRT ORD HUF100</name>
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        <cusip>000000000</cusip>
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          <isin value="HU0000123096"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>HU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SODA SANAYII AS ORD TRY1</name>
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          <ticker value="SODA"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PRIMAX ELECTRONICS LTD ORD TWD10</name>
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        <cusip>000000000</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WEIFU HIGH-TECHNOLOGY GROUP CO LTD ORD B CNY1</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HANS BIOMED CORP ORD KRW500</name>
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        <name>SEBANG GLOBAL BATTERY CO LTD ORD KRW500</name>
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          <isin value="KR7004490009"/>
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      <invstOrSec>
        <name>CHINA EVERBRIGHT LTD ORD HKD1</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>GRENDENE SA ORD BRL 1</name>
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          <ticker value="GRND3"/>
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        <name>FLYTECH TECHNOLOGY CO LTD ORD TWD10</name>
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        <name>AMVIG HOLDINGS LTD ORD HKD.01</name>
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        <name>APOLLO TYRES LTD ORD INR1</name>
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        <name>HUAXIN CEMENT CO LTD ORD CNY1 B</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SHIN ZU SHING CO LTD ORD TWD10</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>INTERNATIONAL CONTAINER TERMINAL SERVICES INC ORD PHP1</name>
        <lei>254900FU1MWK0I0Q4J61</lei>
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        <cusip>000000000</cusip>
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          <isin value="PHY411571011"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>AMICA SA ORD PLN2</name>
        <lei>259400IUQZHB2GOLIV25</lei>
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          <ticker value="AMC"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Georgia Capital PLC ORD GBP 12.7</name>
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        <title>Georgia Capital PLC ORD GBP 12.7</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BF4HYV08"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JNBY DESIGN LTD ORD HKD.01</name>
        <lei>N/A</lei>
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        <cusip>G55044104</cusip>
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          <ticker value="3306"/>
          <other otherDesc="Internal Identifier" value="649417"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Mavi Giyim Sanayi Ve Ticaret AS ORD TRY NPV CL B</name>
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        <cusip>000000000</cusip>
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          <isin value="TREMAVI00037"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ADLINK TECHNOLOGY INC ORD TWD10</name>
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          <ticker value="6166"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BAOZUN INC SPONSORED ADR</name>
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          <ticker value="BZUN"/>
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        <assetCat>EC</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GRUPO HERDEZ SAB DE CV ORD MXN NPV</name>
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        <title>GRUPO HERDEZ SAB DE CV ORD MXN NPV</title>
        <cusip>P4951Q155</cusip>
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          <ticker value="HERDEZ*"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DYNASTY CERAMIC PCL ORD THB.1 (FGN)</name>
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          <ticker value="DCC/F"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>REDINGTON INDIA LTD ORD INR2</name>
        <lei>335800DTFNX7F2LM5227</lei>
        <title>REDINGTON INDIA LTD ORD INR2</title>
        <cusip>Y72020111</cusip>
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          <ticker value="REDI"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TISCO FINANCIAL GROUP PCL ORD THB10 (FGN)</name>
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        <assetCat>EC</assetCat>
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        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>EQUITAS HOLDINGS LTD ORD INR10</name>
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        <cusip>000000000</cusip>
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          <isin value="INE988K01017"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>IFT MONEY MARKET PORTFOLIO OEMF-SWEEP MONEY MARKET PORTFOLIO</name>
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        <title>IFT MONEY MARKET PORTFOLIO OEMF-SWEEP MONEY MARKET PORTFOLIO</title>
        <cusip>457756500</cusip>
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          <ticker value="INFXX"/>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>VARDHMAN TEXTILES LTD ORD INR10</name>
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          <isin value="INE825A01012"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>NEMAK SAB DE CV ORD MXN NPV</name>
        <lei>5493000MY3DAIB0BP706</lei>
        <title>NEMAK SAB DE CV ORD MXN NPV</title>
        <cusip>P71340106</cusip>
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          <ticker value="NEMAKA"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>MONETA MONEY BANK AS ORD CZK 20</name>
        <lei>I6USJ58BDV2BO5KP3C31</lei>
        <title>MONETA MONEY BANK AS ORD CZK 20</title>
        <cusip>X3R0GS100</cusip>
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          <ticker value="MONET"/>
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        <invCountry>CZ</invCountry>

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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Dalmia Bharat Ltd ORD 2</name>
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        <name>AREZZO INDUSTRIA E COMERCIO SA ORD BRL NPV</name>
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      <invstOrSec>
        <name>JU TENG INTERNATIONAL HOLDINGS LTD ORD HKD.1</name>
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        <name>JK CEMENT LTD ORD INR10</name>
        <lei>335800IECEF3EIDGF809</lei>
        <title>JK CEMENT LTD ORD INR10</title>
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        <name>MAJOR CINEPLEX GROUP PCL ORD THB1 (FGN)</name>
        <lei>529900PH2X6YH1YMV287</lei>
        <title>MAJOR CINEPLEX GROUP PCL ORD THB1 (FGN)</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>HOA PHAT GROUP JSC ORD VND10000</name>
        <lei>549300ODJEFGL5CWKD32</lei>
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        <invCountry>VN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>ARAMEX PJSC ORD AED1</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <isin value="AEA002301017"/>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>AE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>I-SENS INC ORD KRW500</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7099190001"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>ECLAT TEXTILE CO LTD ORD TWD10</name>
        <lei>N/A</lei>
        <title>ECLAT TEXTILE CO LTD ORD TWD10</title>
        <cusip>Y2237Y109</cusip>
        <identifiers>
          <ticker value="1476"/>
          <other otherDesc="Internal Identifier" value="492678"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>MERIDA INDUSTRY CO LTD ORD TWD10</name>
        <lei>N/A</lei>
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        <cusip>Y6020B101</cusip>
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          <ticker value="9914"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PCHOME ONLINE INC ORD TWD10</name>
        <lei>N/A</lei>
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        <cusip>Y6801R101</cusip>
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          <ticker value="8044"/>
          <other otherDesc="Internal Identifier" value="478916"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>COSCO SHIPPING Ports Ltd ORD HKD.1</name>
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        <cusip>000000000</cusip>
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          <isin value="BMG2442N1048"/>
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        <assetCat>EC</assetCat>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LUK FOOK HOLDINGS INTERNATIONAL LTD ORD HKD.1</name>
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          <isin value="BMG5695X1258"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EMBOTELLADORA ANDINA SA PFD NPV A SHARE</name>
        <lei>254900NNPKP1J9XTSA53</lei>
        <title>EMBOTELLADORA ANDINA SA PFD NPV A SHARE</title>
        <cusip>P3697U108</cusip>
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          <ticker value="ANDINAA"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
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        <invCountry>CL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IT LTD ORD HKD.1</name>
        <lei>N/A</lei>
        <title>IT LTD ORD HKD.1</title>
        <cusip>000000000</cusip>
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          <isin value="BMG4977W1038"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DURATEX SA ORD BRL NPV</name>
        <lei>N/A</lei>
        <title>DURATEX SA ORD BRL NPV</title>
        <cusip>P3593G146</cusip>
        <identifiers>
          <ticker value="DTEX3"/>
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        <assetCat>EC</assetCat>
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        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>COSMECCA KOREA CO LTD ORD KRW500</name>
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        <cusip>Y1R6H9101</cusip>
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          <ticker value="241710"/>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>XTEP INTERNATIONAL HOLDINGS LTD ORD HKD.01</name>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>LUYE PHARMA GROUP LTD ORD HKD.02</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>MARCOPOLO SA (POMO) PREF NPV (PN)</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>GLENMARK PHARMACEUTICALS LTD ORD INR2</name>
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          <isin value="INE935A01035"/>
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        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>DO &amp; CO AG ORD TRY NPV</name>
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        <title>DO &amp; CO AG ORD TRY NPV</title>
        <cusip>000000000</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>MASAN GROUP CORP ORD VND10000</name>
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        <cusip>000000000</cusip>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MOUWASAT MEDICAL SERVICES CO ORD SAR10</name>
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        <cusip>M7065G107</cusip>
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          <ticker value="MOUWASAT"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VIEWORKS CO LTD ORD KRW500</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HEMAS HOLDINGS PLC ORD LKR NPV</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <isin value="LK0337N00002"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NOAH HOLDINGS LTD SPONSORED ADR</name>
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        <cusip>65487X102</cusip>
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          <other otherDesc="Internal Identifier" value="481483"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>HANKOOK TECHNOLOGY GROUP CO LTD ORD KRW500</name>
        <lei>N/A</lei>
        <title>HANKOOK TECHNOLOGY GROUP CO LTD ORD KRW500</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7000240002"/>
          <other otherDesc="Internal Identifier" value="205510"/>
        </identifiers>
        <balance>656000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1157.94000000"/>
        <valUSD>8171696.99000000</valUSD>
        <pctVal>1.196614277548</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SER EDUCACIONAL SA ORD BRL NPV</name>
        <lei>N/A</lei>
        <title>SER EDUCACIONAL SA ORD BRL NPV</title>
        <cusip>P8T84T100</cusip>
        <identifiers>
          <ticker value="SEER3"/>
          <other otherDesc="Internal Identifier" value="562382"/>
        </identifiers>
        <balance>902500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="4.02250000"/>
        <valUSD>6230718.99000000</valUSD>
        <pctVal>0.912389104974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MANDO CORP ORD KRW1000</name>
        <lei>988400P5GM9DGVVOJQ79</lei>
        <title>MANDO CORP ORD KRW1000</title>
        <cusip>Y5762B113</cusip>
        <identifiers>
          <ticker value="204320"/>
          <other otherDesc="Internal Identifier" value="588852"/>
        </identifiers>
        <balance>156920.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1157.94000000"/>
        <valUSD>4778228.19000000</valUSD>
        <pctVal>0.699695067075</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vincom Retail JSC ORD VND 10000</name>
        <lei>N/A</lei>
        <title>Vincom Retail JSC ORD VND 10000</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="VN000000VRE6"/>
          <other otherDesc="Internal Identifier" value="813744"/>
        </identifiers>
        <balance>6488022.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="VND" exchangeRt="23172.50000000"/>
        <valUSD>9519592.10000000</valUSD>
        <pctVal>1.393991950171</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HEXINDO ADIPERKASA TBK PT ORD IDR100</name>
        <lei>529900E3L3047KZDIM24</lei>
        <title>HEXINDO ADIPERKASA TBK PT ORD IDR100</title>
        <cusip>Y71253150</cusip>
        <identifiers>
          <ticker value="HEXA"/>
          <other otherDesc="Internal Identifier" value="478925"/>
        </identifiers>
        <balance>13008000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="13924.50000000"/>
        <valUSD>3251414.37000000</valUSD>
        <pctVal>0.476117612061</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INTERCORP FINANCIAL SERVICES INC ORD USD10</name>
        <lei>5299004181WFTEWB1398</lei>
        <title>INTERCORP FINANCIAL SERVICES INC ORD USD10</title>
        <cusip>P5626F102</cusip>
        <identifiers>
          <ticker value="IFS"/>
          <other otherDesc="Internal Identifier" value="391482"/>
        </identifiers>
        <balance>200780.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8211902.00000000</valUSD>
        <pctVal>1.202501657985</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Health &amp; Happiness H&amp;H International Holdings Ltd ORD HKD 0.01</name>
        <lei>N/A</lei>
        <title>Health &amp; Happiness H&amp;H International Holdings Ltd ORD HKD 0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG4387E1070"/>
          <other otherDesc="Internal Identifier" value="483253"/>
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        <balance>4268300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.78740000"/>
        <valUSD>17665217.59000000</valUSD>
        <pctVal>2.586788473687</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TTY BIOPHARM CO LTD ORD TWD10</name>
        <lei>N/A</lei>
        <title>TTY BIOPHARM CO LTD ORD TWD10</title>
        <cusip>Y90017107</cusip>
        <identifiers>
          <ticker value="4105"/>
          <other otherDesc="Internal Identifier" value="406539"/>
        </identifiers>
        <balance>1626900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.08700000"/>
        <valUSD>4481848.15000000</valUSD>
        <pctVal>0.656294952279</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IMAX CORP ORD USD1</name>
        <lei>5493002KS2T1Q0X7VZ21</lei>
        <title>IMAX CORP ORD USD1</title>
        <cusip>45245E109</cusip>
        <identifiers>
          <ticker value="IMAX"/>
          <other otherDesc="Internal Identifier" value="38229"/>
        </identifiers>
        <balance>620831.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12683577.33000000</valUSD>
        <pctVal>1.857306963540</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PACIFIC HOSPITAL SUPPLY CO LTD ORD TWD10</name>
        <lei>N/A</lei>
        <title>PACIFIC HOSPITAL SUPPLY CO LTD ORD TWD10</title>
        <cusip>Y6610N101</cusip>
        <identifiers>
          <ticker value="4126"/>
          <other otherDesc="Internal Identifier" value="492823"/>
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        <balance>1552000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.08700000"/>
        <valUSD>3855223.83000000</valUSD>
        <pctVal>0.564535846565</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SILICON WORKS CO LTD ORD KRW500</name>
        <lei>N/A</lei>
        <title>SILICON WORKS CO LTD ORD KRW500</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7108320003"/>
          <other otherDesc="Internal Identifier" value="469135"/>
        </identifiers>
        <balance>291623.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1157.94000000"/>
        <valUSD>10040394.29000000</valUSD>
        <pctVal>1.470255098094</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VIETNAM CONTAINER SHIPPING JSC ORD VND10000</name>
        <lei>N/A</lei>
        <title>VIETNAM CONTAINER SHIPPING JSC ORD VND10000</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="VN000000VSC8"/>
          <other otherDesc="Internal Identifier" value="423219"/>
        </identifiers>
        <balance>1605540.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="VND" exchangeRt="23172.50000000"/>
        <valUSD>1888055.45000000</valUSD>
        <pctVal>0.276475511884</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNI-PRESIDENT CHINA HOLDINGS LTD ORD HKD.01</name>
        <lei>529900JUA05094TOKA73</lei>
        <title>UNI-PRESIDENT CHINA HOLDINGS LTD ORD HKD.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG9222R1065"/>
          <other otherDesc="Internal Identifier" value="407144"/>
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        <balance>3997000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.78740000"/>
        <valUSD>4195867.72000000</valUSD>
        <pctVal>0.614417693974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Georgia Healthcare Group PLC ORD GBP 0.01</name>
        <lei>213800RJGJDDZENQER80</lei>
        <title>Georgia Healthcare Group PLC ORD GBP 0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BYSS4K11"/>
          <other otherDesc="Internal Identifier" value="807403"/>
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        <balance>1097145.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.76315490"/>
        <valUSD>1787329.82000000</valUSD>
        <pctVal>0.261725854974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UAC OF NIGERIA PLC ORD NGN.5</name>
        <lei>0292002296E7G4H6E736</lei>
        <title>UAC OF NIGERIA PLC ORD NGN.5</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NGUACN000006"/>
          <other otherDesc="Internal Identifier" value="380009"/>
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        <balance>45432007.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NGN" exchangeRt="362.92000000"/>
        <valUSD>1089106.31000000</valUSD>
        <pctVal>0.159482193467</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WIZZ AIR HOLDINGS PLC ORD GBP.0001</name>
        <lei>213800COXGZCORLJZA85</lei>
        <title>WIZZ AIR HOLDINGS PLC ORD GBP.0001</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JE00BN574F90"/>
          <other otherDesc="Internal Identifier" value="641144"/>
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        <balance>121469.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.76315490"/>
        <valUSD>6266261.00000000</valUSD>
        <pctVal>0.917593663668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EGYPTIAN INTERNATIONAL PHARMACEUTICALS EIPICO ORD EGP10</name>
        <lei>N/A</lei>
        <title>EGYPTIAN INTERNATIONAL PHARMACEUTICALS EIPICO ORD EGP10</title>
        <cusip>M3391Y102</cusip>
        <identifiers>
          <ticker value="PHAR"/>
          <other otherDesc="Internal Identifier" value="303465"/>
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        <balance>669304.00000000</balance>
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        <currencyConditional curCd="EGP" exchangeRt="16.05000000"/>
        <valUSD>2916997.81000000</valUSD>
        <pctVal>0.427147657493</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FEDERAL BANK LTD ORD INR2</name>
        <lei>335800J8VWGE2HGWF417</lei>
        <title>FEDERAL BANK LTD ORD INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE171A01029"/>
          <other otherDesc="Internal Identifier" value="258135"/>
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        <balance>9476047.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="71.32000000"/>
        <valUSD>11679886.95000000</valUSD>
        <pctVal>1.710332566372</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MAIL.RU GROUP LTD GDR</name>
        <lei>2138009IXUP41SPL5B50</lei>
        <title>MAIL.RU GROUP LTD GDR</title>
        <cusip>560317208</cusip>
        <identifiers>
          <ticker value="MAIL"/>
          <other otherDesc="Internal Identifier" value="481214"/>
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        <balance>177256.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3952808.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MASSMART HOLDINGS LTD ORD ZAR1</name>
        <lei>N/A</lei>
        <title>MASSMART HOLDINGS LTD ORD ZAR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000152617"/>
          <other otherDesc="Internal Identifier" value="496300"/>
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        <balance>801259.00000000</balance>
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        <currencyConditional curCd="ZAR" exchangeRt="14.11775000"/>
        <valUSD>2936200.84000000</valUSD>
        <pctVal>0.429959633989</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NOVATEK MICROELECTRONICS CORP ORD TWD10</name>
        <lei>N/A</lei>
        <title>NOVATEK MICROELECTRONICS CORP ORD TWD10</title>
        <cusip>Y64153102</cusip>
        <identifiers>
          <ticker value="3034"/>
          <other otherDesc="Internal Identifier" value="317586"/>
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        <balance>2370000.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="30.08700000"/>
        <valUSD>17352479.02000000</valUSD>
        <pctVal>2.540992913908</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>XINYI SOLAR HOLDINGS LTD ORD HKD NPV</name>
        <lei>529900QF7VIH03SB7Q08</lei>
        <title>XINYI SOLAR HOLDINGS LTD ORD HKD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG9829N1025"/>
          <other otherDesc="Internal Identifier" value="565782"/>
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        <balance>19863247.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.78740000"/>
        <valUSD>14096448.53000000</valUSD>
        <pctVal>2.064199344930</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIT Hon Teng Ltd ORD HKD 0.01953125</name>
        <lei>3003001IDFNIKMGLFJ67</lei>
        <title>FIT Hon Teng Ltd ORD HKD 0.01953125</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG3R83K1037"/>
          <other otherDesc="Internal Identifier" value="810460"/>
        </identifiers>
        <balance>25437900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.78740000"/>
        <valUSD>8552968.70000000</valUSD>
        <pctVal>1.252445419154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </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>2020-01-29</ncom:dateSigned>
      <ncom:nameOfApplicant>Robert Kubilis</ncom:nameOfApplicant>
      <ncom:signature>Robert Kubilis</ncom:signature>
      <ncom:signerName>Robert Kubilis</ncom:signerName>
      <ncom:title>Chief Financial Officer, Chief Accounting Officer and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
