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        <name>Intercorp Financial Services, Inc.</name>
        <lei>5299004181WFTEWB1398</lei>
        <title>Intercorp Financial Services, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PAL2400671A3"/>
          <other otherDesc="Inhouse Asset ID" value="1001287"/>
        </identifiers>
        <balance>358863.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8397394.20000000</valUSD>
        <pctVal>2.258948211202</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>EPL Ltd.</name>
        <lei>335800SHKQVLNEGB2W80</lei>
        <title>EPL Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE255A01020"/>
          <other otherDesc="Inhouse Asset ID" value="273503"/>
        </identifiers>
        <balance>1617896.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="78.96500000"/>
        <valUSD>3063261.93000000</valUSD>
        <pctVal>0.824035396268</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>International Container Terminal Services, Inc.</name>
        <lei>254900FU1MWK0I0Q4J61</lei>
        <title>International Container Terminal Services, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PHY411571011"/>
          <other otherDesc="Inhouse Asset ID" value="51062"/>
        </identifiers>
        <balance>2969928.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="55.02000000"/>
        <valUSD>9937643.89000000</valUSD>
        <pctVal>2.673284396829</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Luk Fook Holdings International Ltd.</name>
        <lei>529900U7PECBLERIIX44</lei>
        <title>Luk Fook Holdings International Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG5695X1258"/>
          <other otherDesc="Inhouse Asset ID" value="402939"/>
        </identifiers>
        <balance>1659800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84685000"/>
        <valUSD>4283737.68000000</valUSD>
        <pctVal>1.152350519581</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>Bradespar SA</name>
        <lei>9598001UD1DHEH3PZ471</lei>
        <title>Bradespar SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRBRAPACNPR2"/>
          <other otherDesc="Inhouse Asset ID" value="191820"/>
        </identifiers>
        <balance>1125110.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.23370000"/>
        <valUSD>5425946.54000000</valUSD>
        <pctVal>1.459611391187</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Novatek Microelectronics Corp.</name>
        <lei>N/A</lei>
        <title>Novatek Microelectronics Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0003034005"/>
          <other otherDesc="Inhouse Asset ID" value="317586"/>
        </identifiers>
        <balance>894509.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="29.72800000"/>
        <valUSD>9102547.32000000</valUSD>
        <pctVal>2.448638529545</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hankook Tire &amp; Technology Co. Ltd.</name>
        <lei>9884001BIEVM09M7AH02</lei>
        <title>Hankook Tire &amp; Technology Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7161390000"/>
          <other otherDesc="Inhouse Asset ID" value="529703"/>
        </identifiers>
        <balance>79062.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1288.89000000"/>
        <valUSD>2030414.73000000</valUSD>
        <pctVal>0.546193451574</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uni-President China Holdings Ltd.</name>
        <lei>529900JUA05094TOKA73</lei>
        <title>Uni-President China Holdings Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG9222R1065"/>
          <other otherDesc="Inhouse Asset ID" value="407144"/>
        </identifiers>
        <balance>3554571.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84685000"/>
        <valUSD>3056584.33000000</valUSD>
        <pctVal>0.822239082767</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>Bolsa Mexicana de Valores SAB de CV</name>
        <lei>894500CS2D6RLGW61A19</lei>
        <title>Bolsa Mexicana de Valores SAB de CV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX01BM1B0000"/>
          <other otherDesc="Inhouse Asset ID" value="434110"/>
        </identifiers>
        <balance>2928266.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.10955000"/>
        <valUSD>5197023.98000000</valUSD>
        <pctVal>1.398029882079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vincom Retail JSC</name>
        <lei>N/A</lei>
        <title>Vincom Retail JSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="VN000000VRE6"/>
          <other otherDesc="Inhouse Asset ID" value="813744"/>
        </identifiers>
        <balance>3589152.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="VND" exchangeRt="23265.00000000"/>
        <valUSD>4410837.91000000</valUSD>
        <pctVal>1.186541225693</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mobvista, Inc.</name>
        <lei>655600AW50D7VN363G24</lei>
        <title>Mobvista, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG622681008"/>
          <other otherDesc="Inhouse Asset ID" value="987298"/>
        </identifiers>
        <balance>3825635.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84685000"/>
        <valUSD>2562665.74000000</valUSD>
        <pctVal>0.689372089889</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="200342.57000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mobile World Investment Corp.</name>
        <lei>254900ZRFNB8CRAHHO95</lei>
        <title>Mobile World Investment Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="VN000000MWG0"/>
          <other otherDesc="Inhouse Asset ID" value="801597"/>
        </identifiers>
        <balance>3117700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="VND" exchangeRt="23265.00000000"/>
        <valUSD>9589544.30000000</valUSD>
        <pctVal>2.579643568803</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>M Dias Branco SA</name>
        <lei>N/A</lei>
        <title>M Dias Branco SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRMDIAACNOR7"/>
          <other otherDesc="Inhouse Asset ID" value="382372"/>
        </identifiers>
        <balance>565500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.23370000"/>
        <valUSD>2820098.59000000</valUSD>
        <pctVal>0.758623033952</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>LX Semicon Co. Ltd.</name>
        <lei>N/A</lei>
        <title>LX Semicon Co. Ltd., Term Loan</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7108320003"/>
          <other otherDesc="Inhouse Asset ID" value="469135"/>
        </identifiers>
        <balance>42084.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1288.89000000"/>
        <valUSD>3146315.44000000</valUSD>
        <pctVal>0.846377276782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Affle India Ltd.</name>
        <lei>335800VOXUF6XMCWSD89</lei>
        <title>Affle India Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE00WC01027"/>
          <other otherDesc="Inhouse Asset ID" value="999277"/>
        </identifiers>
        <balance>466085.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="78.96500000"/>
        <valUSD>6283737.08000000</valUSD>
        <pctVal>1.690362069287</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VK Co. Ltd.</name>
        <lei>2138009IXUP41SPL5B50</lei>
        <title>VK Co. Ltd.</title>
        <cusip>560317208</cusip>
        <identifiers>
          <isin value="US5603172082"/>
          <other otherDesc="Inhouse Asset ID" value="481214"/>
        </identifiers>
        <balance>114164.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Synnex Technology International Corp.</name>
        <lei>529900GMBJ3R4A2WBC71</lei>
        <title>Synnex Technology International Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002347002"/>
          <other otherDesc="Inhouse Asset ID" value="62839"/>
        </identifiers>
        <balance>5226772.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="29.72800000"/>
        <valUSD>9358476.20000000</valUSD>
        <pctVal>2.517484896871</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tisco Financial Group PCL</name>
        <lei>529900OOUQI3OWX2WU06</lei>
        <title>Tisco Financial Group PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0999010Z11"/>
          <other otherDesc="Inhouse Asset ID" value="437652"/>
        </identifiers>
        <balance>1681050.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="35.30000000"/>
        <valUSD>4218748.36000000</valUSD>
        <pctVal>1.134868011952</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Daqo New Energy Corp.</name>
        <lei>529900711JBZ5O7VA827</lei>
        <title>Daqo New Energy Corp.</title>
        <cusip>23703Q203</cusip>
        <identifiers>
          <isin value="US23703Q2030"/>
          <other otherDesc="Inhouse Asset ID" value="480427"/>
        </identifiers>
        <balance>220405.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15732508.90000000</valUSD>
        <pctVal>4.232137016669</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Huaxin Cement Co. Ltd.</name>
        <lei>300300SD5S95ZOS05G37</lei>
        <title>Huaxin Cement Co. Ltd., Class H</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000057N3"/>
          <other otherDesc="Inhouse Asset ID" value="1193194"/>
        </identifiers>
        <balance>2054694.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84685000"/>
        <valUSD>2969373.69000000</valUSD>
        <pctVal>0.798778909940</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Merida Industry Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Merida Industry Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0009914002"/>
          <other otherDesc="Inhouse Asset ID" value="381657"/>
        </identifiers>
        <balance>1425648.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="29.72800000"/>
        <valUSD>12251285.69000000</valUSD>
        <pctVal>3.295667588686</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hemas Holdings plc</name>
        <lei>254900TV1ZINS66XKY23</lei>
        <title>Hemas Holdings plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="LK0337N00002"/>
          <other otherDesc="Inhouse Asset ID" value="494584"/>
        </identifiers>
        <balance>3019274.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="LKR" exchangeRt="358.00000000"/>
        <valUSD>351123.27000000</valUSD>
        <pctVal>0.094454215651</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>momo.com, Inc.</name>
        <lei>N/A</lei>
        <title>momo.com, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0008454000"/>
          <other otherDesc="Inhouse Asset ID" value="607928"/>
        </identifiers>
        <balance>274774.00000000</balance>
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        <invCountry>TW</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Longshine Technology Group Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Longshine Technology Group Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
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          <isin value="CNE1000034B7"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bajaj Holdings &amp; Investment Ltd.</name>
        <lei>335800NL7NWD9IPOHL48</lei>
        <title>Bajaj Holdings &amp; Investment Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="INE118A01012"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal Bank Ltd.</name>
        <lei>335800J8VWGE2HGWF417</lei>
        <title>Federal Bank Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="INE171A01029"/>
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        <balance>9556507.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>China Education Group Holdings Ltd.</name>
        <lei>549300A81YHS5D5PYD04</lei>
        <title>China Education Group Holdings Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="KYG2163M1033"/>
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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>FPT Corp.</name>
        <lei>N/A</lei>
        <title>FPT Corp.</title>
        <cusip>N/A</cusip>
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          <isin value="VN000000FPT1"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>VN</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tata Consumer Products Ltd.</name>
        <lei>335800LOXFWU8ZQJMD12</lei>
        <title>Tata Consumer Products Ltd.</title>
        <cusip>N/A</cusip>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Max Financial Services Ltd.</name>
        <lei>335800Y9FX8XGFB64S40</lei>
        <title>Max Financial Services Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="INE180A01020"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Asia Cement China Holdings Corp.</name>
        <lei>5299009O3HFIKDVFFJ49</lei>
        <title>Asia Cement China Holdings Corp.</title>
        <cusip>N/A</cusip>
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          <isin value="KYG0539C1069"/>
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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>Dexco SA</name>
        <lei>N/A</lei>
        <title>Dexco SA</title>
        <cusip>N/A</cusip>
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          <isin value="BRDXCOACNOR8"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>BR</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RFHIC Corp.</name>
        <lei>N/A</lei>
        <title>RFHIC Corp.</title>
        <cusip>N/A</cusip>
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          <isin value="KR7218410009"/>
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        <assetCat>EC</assetCat>
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        <invCountry>KR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Embotelladora Andina SA</name>
        <lei>254900NNPKP1J9XTSA53</lei>
        <title>Embotelladora Andina SA</title>
        <cusip>N/A</cusip>
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          <isin value="CLP3697U1089"/>
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        <assetCat>EP</assetCat>
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        <invCountry>CL</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Redington India Ltd.</name>
        <lei>335800DTFNX7F2LM5227</lei>
        <title>Redington India Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="INE891D01026"/>
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        <invCountry>IN</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Ser Educacional SA</name>
        <lei>N/A</lei>
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          <isin value="BRSEERACNOR5"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Integrated Diagnostics Holdings plc</name>
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        <title>Integrated Diagnostics Holdings plc</title>
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        <assetCat>EC</assetCat>
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        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Luye Pharma Group Ltd.</name>
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        <title>Luye Pharma Group Ltd.</title>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Zinus, Inc.</name>
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        <name>Aguas Andinas SA</name>
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        <name>Baozun, Inc.</name>
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        <name>Dilip Buildcon Ltd.</name>
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        <title>Dilip Buildcon Ltd.</title>
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        <name>Wizz Air Holdings plc</name>
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        <name>Pacific Basin Shipping Ltd.</name>
        <lei>254900LNPK737X4Y3V26</lei>
        <title>Pacific Basin Shipping Ltd.</title>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>Poya International Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Poya International Co. Ltd.</title>
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        <invCountry>TW</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Halyk Savings Bank of Kazakhstan JSC</name>
        <lei>213800NYDTVQM4SDUD67</lei>
        <title>Halyk Savings Bank of Kazakhstan JSC</title>
        <cusip>46627J302</cusip>
        <identifiers>
          <isin value="US46627J3023"/>
          <other otherDesc="Inhouse Asset ID" value="457643"/>
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        <balance>103619.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1033466.79000000</valUSD>
        <pctVal>0.278008618031</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hugel, Inc.</name>
        <lei>N/A</lei>
        <title>Hugel, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7145020004"/>
          <other otherDesc="Inhouse Asset ID" value="630923"/>
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        <balance>52643.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1288.89000000"/>
        <valUSD>4300381.15000000</valUSD>
        <pctVal>1.156827710467</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LEENO Industrial, Inc.</name>
        <lei>N/A</lei>
        <title>LEENO Industrial, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7058470006"/>
          <other otherDesc="Inhouse Asset ID" value="426694"/>
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        <balance>36958.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1288.89000000"/>
        <valUSD>3734828.40000000</valUSD>
        <pctVal>1.004690709092</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vieworks Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Vieworks Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7100120005"/>
          <other otherDesc="Inhouse Asset ID" value="465563"/>
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        <balance>121335.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1288.89000000"/>
        <valUSD>3308742.37000000</valUSD>
        <pctVal>0.890071072052</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Apollo Hospitals Enterprise Ltd.</name>
        <lei>3358005YT7JQCWYLTG43</lei>
        <title>Apollo Hospitals Enterprise Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE437A01024"/>
          <other otherDesc="Inhouse Asset ID" value="303627"/>
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        <balance>11701.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="78.96500000"/>
        <valUSD>547505.77000000</valUSD>
        <pctVal>0.147282258080</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>L&amp;F Co. Ltd.</name>
        <lei>N/A</lei>
        <title>L&amp;F Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7066970005"/>
          <other otherDesc="Inhouse Asset ID" value="432333"/>
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        <balance>35073.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1288.89000000"/>
        <valUSD>5759681.89000000</valUSD>
        <pctVal>1.549388154543</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JNBY Design Ltd.</name>
        <lei>N/A</lei>
        <title>JNBY Design Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG550441045"/>
          <other otherDesc="Inhouse Asset ID" value="649417"/>
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        <balance>2535500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84685000"/>
        <valUSD>2908578.35000000</valUSD>
        <pctVal>0.782424607490</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>NagaCorp Ltd.</name>
        <lei>549300MMNKN0RBJELS20</lei>
        <title>NagaCorp Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG6382M1096"/>
          <other otherDesc="Inhouse Asset ID" value="377328"/>
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        <balance>4312014.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84685000"/>
        <valUSD>3532980.66000000</valUSD>
        <pctVal>0.950392485102</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>Shin Heung Energy &amp; Electronics Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Shin Heung Energy &amp; Electronics Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7243840006"/>
          <other otherDesc="Inhouse Asset ID" value="814505"/>
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        <balance>32891.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1288.89000000"/>
        <valUSD>1407712.11000000</valUSD>
        <pctVal>0.378682800525</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NeoPharm Co. Ltd.</name>
        <lei>N/A</lei>
        <title>NeoPharm Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7092730001"/>
          <other otherDesc="Inhouse Asset ID" value="385483"/>
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        <balance>64000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1288.89000000"/>
        <valUSD>991602.01000000</valUSD>
        <pctVal>0.266746747070</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Pearl Abyss Corp.</name>
        <lei>N/A</lei>
        <title>Pearl Abyss Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7263750002"/>
          <other otherDesc="Inhouse Asset ID" value="813705"/>
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        <balance>49166.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1288.89000000"/>
        <valUSD>1953384.54000000</valUSD>
        <pctVal>0.525471879410</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Massmart Holdings Ltd.</name>
        <lei>N/A</lei>
        <title>Massmart Holdings Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000152617"/>
          <other otherDesc="Inhouse Asset ID" value="496300"/>
        </identifiers>
        <balance>801259.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.26415000"/>
        <valUSD>1727908.06000000</valUSD>
        <pctVal>0.464817386000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dalmia Bharat Ltd.</name>
        <lei>335800Q2I12HTQ7ETZ32</lei>
        <title>Dalmia Bharat Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE00R701025"/>
          <other otherDesc="Inhouse Asset ID" value="946971"/>
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        <balance>369006.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="78.96500000"/>
        <valUSD>6023794.23000000</valUSD>
        <pctVal>1.620435920527</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Embotelladora Andina SA</name>
        <lei>254900NNPKP1J9XTSA53</lei>
        <title>Embotelladora Andina SA, Class B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CLP3697S1034"/>
          <other otherDesc="Inhouse Asset ID" value="45482"/>
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        <balance>873588.00000000</balance>
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        <currencyConditional curCd="CLP" exchangeRt="917.65000000"/>
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        <pctVal>0.419371733137</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Primax Electronics Ltd.</name>
        <lei>254900JO4CQFFG7AIQ15</lei>
        <title>Primax Electronics Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0004915004"/>
          <other otherDesc="Inhouse Asset ID" value="496376"/>
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        <balance>1959575.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="29.72800000"/>
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        <pctVal>1.097183487379</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Soulbrain Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Soulbrain Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7357780006"/>
          <other otherDesc="Inhouse Asset ID" value="1098967"/>
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        <balance>29000.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1288.89000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Major Cineplex Group PCL</name>
        <lei>529900PH2X6YH1YMV287</lei>
        <title>Major Cineplex Group PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0671010Z16"/>
          <other otherDesc="Inhouse Asset ID" value="487708"/>
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        <balance>5443800.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PharmaEssentia Corp.</name>
        <lei>N/A</lei>
        <title>PharmaEssentia Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0006446008"/>
          <other otherDesc="Inhouse Asset ID" value="655240"/>
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        <balance>74470.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>E-Finance for Digital &amp; Financial Investments</name>
        <lei>N/A</lei>
        <title>E-Finance for Digital &amp; Financial Investments</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="EGS743O1C013"/>
          <other otherDesc="Inhouse Asset ID" value="1168101"/>
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        <balance>260140.00000000</balance>
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        <currencyConditional curCd="EGP" exchangeRt="18.80000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</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>Eclat Textile Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Eclat Textile Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0001476000"/>
          <other otherDesc="Inhouse Asset ID" value="492678"/>
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        <balance>186082.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nemak SAB de CV</name>
        <lei>5493000MY3DAIB0BP706</lei>
        <title>Nemak SAB de CV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX01NE000001"/>
          <other otherDesc="Inhouse Asset ID" value="608446"/>
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        <balance>134231.00000000</balance>
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        <currencyConditional curCd="MXN" exchangeRt="20.10955000"/>
        <valUSD>26566.45000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Dynasty Ceramic PCL</name>
        <lei>N/A</lei>
        <title>Dynasty Ceramic PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0278A10Z16"/>
          <other otherDesc="Inhouse Asset ID" value="522850"/>
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        <balance>28599840.00000000</balance>
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        <valUSD>2285132.09000000</valUSD>
        <pctVal>0.614713912926</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Arezzo Industria e Comercio SA</name>
        <lei>N/A</lei>
        <title>Arezzo Industria e Comercio SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRARZZACNOR3"/>
          <other otherDesc="Inhouse Asset ID" value="487337"/>
        </identifiers>
        <balance>236100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.23370000"/>
        <valUSD>3137504.06000000</valUSD>
        <pctVal>0.844006963967</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>Institutional Fiduciary Trust Money Market Portfolio</name>
        <lei>N/A</lei>
        <title>Institutional Fiduciary Trust Money Market Portfolio</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Custodian Internal ID" value="150213004"/>
        </identifiers>
        <balance>13762.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13762.00000000</valUSD>
        <pctVal>0.003702058584</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="13762.00000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lock&amp;Lock Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Lock&amp;Lock Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7115390007"/>
          <other otherDesc="Inhouse Asset ID" value="461230"/>
        </identifiers>
        <balance>399574.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1288.89000000"/>
        <valUSD>2370126.16000000</valUSD>
        <pctVal>0.637577815443</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hoa Phat Group JSC</name>
        <lei>549300ODJEFGL5CWKD32</lei>
        <title>Hoa Phat Group JSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="VN000000HPG4"/>
          <other otherDesc="Inhouse Asset ID" value="438735"/>
        </identifiers>
        <balance>3834547.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="VND" exchangeRt="23265.00000000"/>
        <valUSD>3675167.44000000</valUSD>
        <pctVal>0.988641561504</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zepp Health Corp.</name>
        <lei>N/A</lei>
        <title>Zepp Health Corp.</title>
        <cusip>98945L105</cusip>
        <identifiers>
          <isin value="US98945L1052"/>
          <other otherDesc="Inhouse Asset ID" value="1026282"/>
        </identifiers>
        <balance>33557.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>62080.45000000</valUSD>
        <pctVal>0.016700004565</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="13073.90000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Noah Holdings Ltd.</name>
        <lei>3003008QW3IHPD3NTU41</lei>
        <title>Noah Holdings Ltd.</title>
        <cusip>65487X102</cusip>
        <identifiers>
          <isin value="US65487X1028"/>
          <other otherDesc="Inhouse Asset ID" value="481483"/>
        </identifiers>
        <balance>68388.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1383489.24000000</valUSD>
        <pctVal>0.372166706657</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>Century Pacific Food, Inc.</name>
        <lei>254900NFV7QTJB821G52</lei>
        <title>Century Pacific Food, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PHY1249R1024"/>
          <other otherDesc="Inhouse Asset ID" value="590050"/>
        </identifiers>
        <balance>12693200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="55.02000000"/>
        <valUSD>5075434.39000000</valUSD>
        <pctVal>1.365321570394</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Iguatemi SA</name>
        <lei>N/A</lei>
        <title>Iguatemi SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRIGTICDAM16"/>
          <other otherDesc="Inhouse Asset ID" value="1174287"/>
        </identifiers>
        <balance>619400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.23370000"/>
        <valUSD>2129087.64000000</valUSD>
        <pctVal>0.572737042149</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Investment company"/>
        <issuerCat>RF</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mouwasat Medical Services Co.</name>
        <lei>N/A</lei>
        <title>Mouwasat Medical Services Co.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA12C051UH11"/>
          <other otherDesc="Inhouse Asset ID" value="533762"/>
        </identifiers>
        <balance>57485.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75210000"/>
        <valUSD>3264721.81000000</valUSD>
        <pctVal>0.878229283647</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Institutional Fiduciary Trust - Money Market Portfolio</name>
        <lei>549300M4TP89K77LG374</lei>
        <title>Institutional Fiduciary Trust - Money Market Portfolio</title>
        <cusip>457756500</cusip>
        <identifiers>
          <isin value="US4577565009"/>
          <other otherDesc="Inhouse Asset ID" value="170875"/>
        </identifiers>
        <balance>5984051.04100000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5984051.04000000</valUSD>
        <pctVal>1.609744769699</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Richter Gedeon Nyrt.</name>
        <lei>549300J6ZJW5IH4WEE46</lei>
        <title>Richter Gedeon Nyrt.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HU0000123096"/>
          <other otherDesc="Inhouse Asset ID" value="36163"/>
        </identifiers>
        <balance>363860.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HUF" exchangeRt="378.38500000"/>
        <valUSD>6584246.70000000</valUSD>
        <pctVal>1.771200916718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kinsus Interconnect Technology Corp.</name>
        <lei>N/A</lei>
        <title>Kinsus Interconnect Technology Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0003189007"/>
          <other otherDesc="Inhouse Asset ID" value="350934"/>
        </identifiers>
        <balance>1298838.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="29.72800000"/>
        <valUSD>6256490.76000000</valUSD>
        <pctVal>1.683032649665</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fila Holdings Corp.</name>
        <lei>N/A</lei>
        <title>Fila Holdings Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7081660003"/>
          <other otherDesc="Inhouse Asset ID" value="476841"/>
        </identifiers>
        <balance>312216.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1288.89000000"/>
        <valUSD>6835050.15000000</valUSD>
        <pctVal>1.838668513361</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MakeMyTrip Ltd.</name>
        <lei>529900DNT8HNJ7RYUO60</lei>
        <title>MakeMyTrip Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MU0295S00016"/>
          <other otherDesc="Inhouse Asset ID" value="475237"/>
        </identifiers>
        <balance>222783.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5721067.44000000</valUSD>
        <pctVal>1.539000641384</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2035203.56000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Health &amp; Happiness H&amp;H International Holdings Ltd.</name>
        <lei>2138007WU5DJFZFDDV59</lei>
        <title>Health &amp; Happiness H&amp;H International Holdings Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG4387E1070"/>
          <other otherDesc="Inhouse Asset ID" value="483253"/>
        </identifiers>
        <balance>3657800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84685000"/>
        <valUSD>4837033.50000000</valUSD>
        <pctVal>1.301190335015</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>Netcare Ltd.</name>
        <lei>N/A</lei>
        <title>Netcare Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000011953"/>
          <other otherDesc="Inhouse Asset ID" value="301637"/>
        </identifiers>
        <balance>5900000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.26415000"/>
        <valUSD>5210498.00000000</valUSD>
        <pctVal>1.401654472357</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>i-SENS, Inc.</name>
        <lei>N/A</lei>
        <title>i-SENS, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7099190001"/>
          <other otherDesc="Inhouse Asset ID" value="546902"/>
        </identifiers>
        <balance>158283.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1288.89000000"/>
        <valUSD>3553232.15000000</valUSD>
        <pctVal>0.955840254495</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chervon Holdings Ltd.</name>
        <lei>254900QZTJZRI14G4020</lei>
        <title>Chervon Holdings Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0000811882"/>
          <other otherDesc="Inhouse Asset ID" value="1182105"/>
        </identifiers>
        <balance>233900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84685000"/>
        <valUSD>1321534.14000000</valUSD>
        <pctVal>0.355500421975</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>
    </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"/>
      <explntrNote note="Used CNY (Onshore Yuan) instead of CNH (Offshore Yuan) for all base currency isocodes." noteItem="C.2.b"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2022-08-01</ncom:dateSigned>
      <ncom:nameOfApplicant>Templeton Global Investment Trust</ncom:nameOfApplicant>
      <ncom:signature>Jeffrey W. White </ncom:signature>
      <ncom:signerName>Jeffrey W. White </ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
