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        <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"/>
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        <balance>1063923.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="83.38300000"/>
        <valUSD>2500223.63000000</valUSD>
        <pctVal>0.696492116417</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>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"/>
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        <balance>2259817.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="55.47000000"/>
        <valUSD>8798071.79000000</valUSD>
        <pctVal>2.450895819030</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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"/>
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        <balance>739740.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81090000"/>
        <valUSD>2063888.89000000</valUSD>
        <pctVal>0.574941506750</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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"/>
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        <balance>1390881.00000000</balance>
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        <currencyConditional curCd="BRL" exchangeRt="4.91995000"/>
        <valUSD>6897935.22000000</valUSD>
        <pctVal>1.921571111735</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Grupo Aeroportuario del Centro Norte SAB de CV</name>
        <lei>529900HUSBARAFSXJ605</lei>
        <title>Grupo Aeroportuario del Centro Norte SAB de CV, Class B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX01OM000018"/>
          <other otherDesc="Inhouse Asset ID" value="406409"/>
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        <balance>51274.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.36295000"/>
        <valUSD>465699.08000000</valUSD>
        <pctVal>0.129730690467</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>One 97 Communications Ltd.</name>
        <lei>335800ZRHU5J6GSTMI23</lei>
        <title>One 97 Communications Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE982J01020"/>
          <other otherDesc="Inhouse Asset ID" value="1201222"/>
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        <balance>333047.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="83.38300000"/>
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        <pctVal>0.976853205802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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"/>
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        <balance>689000.00000000</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>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"/>
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        <balance>62796.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1300.31000000"/>
        <valUSD>2180745.40000000</valUSD>
        <pctVal>0.607494450011</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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"/>
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        <balance>3645351.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81090000"/>
        <valUSD>2331706.21000000</valUSD>
        <pctVal>0.649547893868</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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"/>
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        <balance>3323463.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.36295000"/>
        <valUSD>6329968.20000000</valUSD>
        <pctVal>1.763351444075</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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"/>
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        <balance>1675082.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="VND" exchangeRt="24260.00000000"/>
        <valUSD>1526182.79000000</valUSD>
        <pctVal>0.425151681910</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VN</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>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"/>
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        <balance>3507057.00000000</balance>
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        <currencyConditional curCd="VND" exchangeRt="24260.00000000"/>
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        <pctVal>1.550665457172</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Jahez International Co.</name>
        <lei>N/A</lei>
        <title>Jahez International Co.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA15ED94KR18"/>
          <other otherDesc="Inhouse Asset ID" value="1181283"/>
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        <balance>232700.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75150000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LX Semicon Co. Ltd.</name>
        <lei>N/A</lei>
        <title>LX Semicon Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7108320003"/>
          <other otherDesc="Inhouse Asset ID" value="469135"/>
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        <balance>52410.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1300.31000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>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"/>
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        <balance>438477.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GoTo Gojek Tokopedia Tbk. PT</name>
        <lei>254900MT2CH1Y5Y7OX69</lei>
        <title>GoTo Gojek Tokopedia Tbk. PT, Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000166903"/>
          <other otherDesc="Inhouse Asset ID" value="1226308"/>
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        <balance>464491100.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <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"/>
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        <balance>4577676.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <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"/>
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        <balance>2016322.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City Union Bank Ltd.</name>
        <lei>33580024M7FWA847JI64</lei>
        <title>City Union Bank Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE491A01021"/>
          <other otherDesc="Inhouse Asset ID" value="574961"/>
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        <balance>2587005.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Daqo New Energy Corp.</name>
        <lei>529900711JBZ5O7VA827</lei>
        <title>Daqo New Energy Corp.</title>
        <cusip>23703Q203</cusip>
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          <isin value="US23703Q2030"/>
          <other otherDesc="Inhouse Asset ID" value="480427"/>
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        <balance>187968.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4447322.88000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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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"/>
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        <balance>1117830.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <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"/>
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        <balance>857217.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>momo.com, Inc.</name>
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        <title>momo.com, Inc.</title>
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          <isin value="TW0008454000"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Longshine Technology Group Co. Ltd.</name>
        <lei>N/A</lei>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bajaj Holdings &amp; Investment Ltd.</name>
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        <title>Bajaj Holdings &amp; Investment Ltd.</title>
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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>Restaurant Brands Asia Ltd.</name>
        <lei>335800NJ2UVPX11GIH32</lei>
        <title>Restaurant Brands Asia Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="INE07T201019"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>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>7191051.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>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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      <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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        <assetCat>EC</assetCat>
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        <invCountry>VN</invCountry>
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        <fairValLevel>2</fairValLevel>
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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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          <isin value="INE192A01025"/>
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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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        <balance>484286.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Asia Cement 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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      <invstOrSec>
        <name>Dexco SA</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="BRDXCOACNOR8"/>
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        <assetCat>EC</assetCat>
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        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Embotelladora Andina SA</name>
        <lei>254900NNPKP1J9XTSA53</lei>
        <title>Embotelladora Andina SA, Class A</title>
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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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      <invstOrSec>
        <name>Redington Ltd.</name>
        <lei>335800DTFNX7F2LM5227</lei>
        <title>Redington 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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      <invstOrSec>
        <name>Baozun, Inc.</name>
        <lei>549300IF0HZ7T4762633</lei>
        <title>Baozun, Inc.</title>
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          <isin value="US06684L1035"/>
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        <assetCat>EC</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Aguas Andinas SA</name>
        <lei>894500KC50BSHRL3SK15</lei>
        <title>Aguas Andinas SA, Class A</title>
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        <invCountry>CL</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Wizz Air Holdings plc</name>
        <lei>213800COXGZCORLJZA85</lei>
        <title>Wizz Air Holdings plc</title>
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        <invCountry>JE</invCountry>

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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>

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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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        <name>Halyk Savings Bank of Kazakhstan JSC</name>
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        <name>Honasa Consumer Ltd.</name>
        <lei>2549004POI9PD5S9GC46</lei>
        <title>Honasa Consumer Ltd.</title>
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        <invCountry>IN</invCountry>
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        <name>Hugel, Inc.</name>
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        <title>Hugel, Inc.</title>
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      <invstOrSec>
        <name>LEENO Industrial, Inc.</name>
        <lei>N/A</lei>
        <title>LEENO Industrial, Inc.</title>
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        <invCountry>KR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Vieworks Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Vieworks Co. Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="KR7100120005"/>
          <other otherDesc="Inhouse Asset ID" value="465563"/>
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        <balance>96673.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1300.31000000"/>
        <valUSD>1971334.32000000</valUSD>
        <pctVal>0.549158401763</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>L&amp;F Co. Ltd.</name>
        <lei>9884002SUW2JTU2FXU05</lei>
        <title>L&amp;F Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7066970005"/>
          <other otherDesc="Inhouse Asset ID" value="432333"/>
        </identifiers>
        <balance>8071.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1300.31000000"/>
        <valUSD>1089321.65000000</valUSD>
        <pctVal>0.303454431981</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"/>
        </identifiers>
        <balance>2171131.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81090000"/>
        <valUSD>2657713.96000000</valUSD>
        <pctVal>0.740364501247</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"/>
        </identifiers>
        <balance>5243898.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81090000"/>
        <valUSD>2529892.53000000</valUSD>
        <pctVal>0.704757039084</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>43843.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1300.31000000"/>
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        <pctVal>0.403417229892</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>Military Commercial Joint Stock Bank</name>
        <lei>5493007XE88E8JRNTJ93</lei>
        <title>Military Commercial Joint Stock Bank</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="VN000000MBB5"/>
          <other otherDesc="Inhouse Asset ID" value="544097"/>
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        <balance>1510800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="VND" exchangeRt="24260.00000000"/>
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        <pctVal>0.308791831116</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <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>306292.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="83.38300000"/>
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        <pctVal>2.268646536882</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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>963231.00000000</balance>
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        <currencyConditional curCd="CLP" exchangeRt="872.15000000"/>
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        <pctVal>0.646094301179</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>
      <invstOrSec>
        <name>Zomato Ltd.</name>
        <lei>335800T4VOF9ETHF8W59</lei>
        <title>Zomato Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE758T01015"/>
          <other otherDesc="Inhouse Asset ID" value="1154298"/>
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        <balance>5716680.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="83.38300000"/>
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        <pctVal>2.268956520580</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>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>1582444.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.38300000"/>
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        <pctVal>0.905532730573</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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>24265.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1300.31000000"/>
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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>5595578.00000000</balance>
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        <currencyConditional curCd="THB" exchangeRt="35.37000000"/>
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        <pctVal>0.670074444078</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>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>200590.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="31.38300000"/>
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        <pctVal>1.057649277297</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Coforge Ltd.</name>
        <lei>3358004YL9JGBNP4KF72</lei>
        <title>Coforge Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE591G01017"/>
          <other otherDesc="Inhouse Asset ID" value="399128"/>
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        <balance>72478.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="83.38300000"/>
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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>PB Fintech Ltd.</name>
        <lei>98450083AC6B01HF1F87</lei>
        <title>PB Fintech Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE417T01026"/>
          <other otherDesc="Inhouse Asset ID" value="1172045"/>
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        <balance>633468.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="83.38300000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Crompton Greaves Consumer Electricals Ltd.</name>
        <lei>335800DIIEEWMH3UDH51</lei>
        <title>Crompton Greaves Consumer Electricals Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE299U01018"/>
          <other otherDesc="Inhouse Asset ID" value="629312"/>
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        <balance>209423.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="83.38300000"/>
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        <pctVal>0.199533606120</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <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>25815997.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arezzo Industria e Comercio SA</name>
        <lei>N/A</lei>
        <title>Arezzo Industria e Comercio SA</title>
        <cusip>N/A</cusip>
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          <isin value="BRARZZACNOR3"/>
          <other otherDesc="Inhouse Asset ID" value="487337"/>
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        <balance>308146.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <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>
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          <other otherDesc="Custodian Internal ID" value="150213004"/>
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        <curCd>USD</curCd>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Lock&amp;Lock Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Lock&amp;Lock Co. Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="KR7115390007"/>
          <other otherDesc="Inhouse Asset ID" value="461230"/>
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        <balance>309471.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <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"/>
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        <balance>346093.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <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"/>
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        <balance>141846.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1818465.72000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Americana Restaurants International plc</name>
        <lei>549300EYHRPEZ6UVAM64</lei>
        <title>Americana Restaurants International plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AEE01135A222"/>
          <other otherDesc="Inhouse Asset ID" value="1223934"/>
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        <balance>1183090.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75150000"/>
        <valUSD>1071962.09000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ajanta Pharma Ltd.</name>
        <lei>3358008XLYJJZBFBCK12</lei>
        <title>Ajanta Pharma Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE031B01049"/>
          <other otherDesc="Inhouse Asset ID" value="575985"/>
        </identifiers>
        <balance>193104.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="83.38300000"/>
        <valUSD>4576502.04000000</valUSD>
        <pctVal>1.274884995638</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>
        </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>7938442.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="55.47000000"/>
        <valUSD>4350615.41000000</valUSD>
        <pctVal>1.211959321666</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>Emirates Central Cooling Systems Corp.</name>
        <lei>N/A</lei>
        <title>Emirates Central Cooling Systems Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AEE01134E227"/>
          <other otherDesc="Inhouse Asset ID" value="1221638"/>
        </identifiers>
        <balance>2908284.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.67250000"/>
        <valUSD>1306649.04000000</valUSD>
        <pctVal>0.363995741966</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</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>180811.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75150000"/>
        <valUSD>5426980.83000000</valUSD>
        <pctVal>1.511804511679</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Honasa Consumer Ltd.</name>
        <lei>2549004POI9PD5S9GC46</lei>
        <title>Honasa Consumer Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1306409"/>
        </identifiers>
        <balance>147706.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="83.38300000"/>
        <valUSD>738592.00000000</valUSD>
        <pctVal>0.205750997261</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>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>10278241.73100000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10278241.73000000</valUSD>
        <pctVal>2.863229612615</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>Grupo Mateus SA</name>
        <lei>N/A</lei>
        <title>Grupo Mateus SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRGMATACNOR7"/>
          <other otherDesc="Inhouse Asset ID" value="1114712"/>
        </identifiers>
        <balance>1715459.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="4.91995000"/>
        <valUSD>2214080.36000000</valUSD>
        <pctVal>0.616780634080</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>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>333773.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HUF" exchangeRt="349.21000000"/>
        <valUSD>8410991.67000000</valUSD>
        <pctVal>2.343066163808</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</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>1461795.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.38300000"/>
        <valUSD>4609436.65000000</valUSD>
        <pctVal>1.284059653435</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>252050.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1300.31000000"/>
        <valUSD>7365127.47000000</valUSD>
        <pctVal>2.051717757448</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>172026.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7264657.98000000</valUSD>
        <pctVal>2.023729777939</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>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bloomberry Resorts Corp.</name>
        <lei>N/A</lei>
        <title>Bloomberry Resorts Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PHY0927M1046"/>
          <other otherDesc="Inhouse Asset ID" value="541147"/>
        </identifiers>
        <balance>19513000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="55.47000000"/>
        <valUSD>3394635.84000000</valUSD>
        <pctVal>0.945650249960</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>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>2722952.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81090000"/>
        <valUSD>3798672.15000000</valUSD>
        <pctVal>1.058203423718</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>5456459.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="18.85135000"/>
        <valUSD>4000151.89000000</valUSD>
        <pctVal>1.114330023293</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>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>930600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81090000"/>
        <valUSD>2084971.00000000</valUSD>
        <pctVal>0.580814390774</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Used CNY (Onshore Yuan) instead of CNH (Offshore Yuan) for all base currency isocodes." noteItem="C.2.b"/>
      <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>2024-01-02</ncom:dateSigned>
      <ncom:nameOfApplicant>Templeton Global Investment Trust</ncom:nameOfApplicant>
      <ncom:signature>Monica Krogh</ncom:signature>
      <ncom:signerName>Monica Krogh</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
