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        <valUSD>12759806.37000000</valUSD>
        <pctVal>3.876881758113</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>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"/>
        </identifiers>
        <balance>1097309.00000000</balance>
        <units>NS</units>
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        <valUSD>3415637.26000000</valUSD>
        <pctVal>1.037791750254</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>
        </securityLending>
      </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>323020.00000000</balance>
        <units>NS</units>
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        <valUSD>4348893.98000000</valUSD>
        <pctVal>1.321348243862</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>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>638010.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.21100000"/>
        <valUSD>7966585.36000000</valUSD>
        <pctVal>2.420531202515</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>King Yuan Electronics Co. Ltd.</name>
        <lei>N/A</lei>
        <title>King Yuan Electronics Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002449006"/>
          <other otherDesc="Inhouse Asset ID" value="319807"/>
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        <balance>305375.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.21100000"/>
        <valUSD>3142170.82000000</valUSD>
        <pctVal>0.954702946086</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>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>149951.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1438.50000000"/>
        <valUSD>11108617.52000000</valUSD>
        <pctVal>3.375192018775</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>Visual Photonics Epitaxy Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Visual Photonics Epitaxy Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002455003"/>
          <other otherDesc="Inhouse Asset ID" value="378058"/>
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        <balance>438977.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.21100000"/>
        <valUSD>3005300.69000000</valUSD>
        <pctVal>0.913116945888</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>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>992218.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="57.66500000"/>
        <valUSD>12368952.82000000</valUSD>
        <pctVal>3.758126586275</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>Poya International Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Poya International Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0005904007"/>
          <other otherDesc="Inhouse Asset ID" value="504345"/>
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        <balance>295807.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.21100000"/>
        <valUSD>4766144.75000000</valUSD>
        <pctVal>1.448123827430</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>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>290042.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3428296.44000000</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <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>852459.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="31.21100000"/>
        <valUSD>2037442.64000000</valUSD>
        <pctVal>0.619047340936</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>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>3527362.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="31.08500000"/>
        <valUSD>908421.50000000</valUSD>
        <pctVal>0.276010672882</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>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"/>
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        <balance>2655598.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="15.92375000"/>
        <valUSD>2863434.66000000</valUSD>
        <pctVal>0.870013014069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</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>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"/>
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        <balance>571041.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.21100000"/>
        <valUSD>5642772.78000000</valUSD>
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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>
        <name>Glenmark Pharmaceuticals Ltd.</name>
        <lei>335800WKECZXIIT9GK20</lei>
        <title>Glenmark Pharmaceuticals Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE935A01035"/>
          <other otherDesc="Inhouse Asset ID" value="336270"/>
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        <balance>41879.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>984113.70000000</valUSD>
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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>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>3620429.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="31.21100000"/>
        <valUSD>8317679.53000000</valUSD>
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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>
        <name>Yageo Corp.</name>
        <lei>5493001P0TOZH7GGNQ21</lei>
        <title>Yageo Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002327004"/>
          <other otherDesc="Inhouse Asset ID" value="34766"/>
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        <balance>118774.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.21100000"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pacific Basin Shipping Ltd.</name>
        <lei>254900LNPK737X4Y3V26</lei>
        <title>Pacific Basin Shipping Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG684371393"/>
          <other otherDesc="Inhouse Asset ID" value="329355"/>
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        <balance>1613308.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.82340000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>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>864404.00000000</balance>
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        <currencyConditional curCd="BRL" exchangeRt="5.12650000"/>
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        <assetCat>EP</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>Shin Zu Shing Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Shin Zu Shing Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0003376000"/>
          <other otherDesc="Inhouse Asset ID" value="379198"/>
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        <balance>49336.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Gujarat State Petronet Ltd.</name>
        <lei>335800J69QRMS7KSSR96</lei>
        <title>Gujarat State Petronet Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE246F01010"/>
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        <balance>383687.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <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>401859.00000000</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>
      <invstOrSec>
        <name>Asia Commercial Bank JSC</name>
        <lei>5493001VSLUXY7LJS086</lei>
        <title>Asia Commercial Bank JSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="VN000000ACB8"/>
          <other otherDesc="Inhouse Asset ID" value="475633"/>
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        <balance>4244908.00000000</balance>
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        <currencyConditional curCd="VND" exchangeRt="26045.00000000"/>
        <valUSD>4001247.51000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FPT Corp.</name>
        <lei>N/A</lei>
        <title>FPT Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="VN000000FPT1"/>
          <other otherDesc="Inhouse Asset ID" value="430656"/>
        </identifiers>
        <balance>2177580.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="VND" exchangeRt="26045.00000000"/>
        <valUSD>7767217.58000000</valUSD>
        <pctVal>2.359956199491</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>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"/>
        </identifiers>
        <balance>174733.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5652612.55000000</valUSD>
        <pctVal>1.717464187567</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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="17.22200000"/>
        <valUSD>783281.65000000</valUSD>
        <pctVal>0.237988747814</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>KEI Industries Ltd.</name>
        <lei>335800UDWBC2AWPU7M56</lei>
        <title>KEI Industries Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE878B01027"/>
          <other otherDesc="Inhouse Asset ID" value="409445"/>
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        <balance>57156.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>3194961.34000000</valUSD>
        <pctVal>0.970742578511</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>Redington Ltd.</name>
        <lei>335800DTFNX7F2LM5227</lei>
        <title>Redington Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE891D01026"/>
          <other otherDesc="Inhouse Asset ID" value="394610"/>
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        <balance>1963666.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>6062875.95000000</valUSD>
        <pctVal>1.842116760292</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>Max Financial Services Ltd.</name>
        <lei>335800Y9FX8XGFB64S40</lei>
        <title>Max Financial Services Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE180A01020"/>
          <other otherDesc="Inhouse Asset ID" value="293410"/>
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        <balance>384234.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>7658811.34000000</valUSD>
        <pctVal>2.327018538673</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ISC Co. Ltd.</name>
        <lei>N/A</lei>
        <title>ISC Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7095340006"/>
          <other otherDesc="Inhouse Asset ID" value="801960"/>
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        <balance>21036.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1438.50000000"/>
        <valUSD>2825739.92000000</valUSD>
        <pctVal>0.858560015046</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>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>2383354.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82340000"/>
        <valUSD>2351853.78000000</valUSD>
        <pctVal>0.714576597249</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>
        <name>Brigade Enterprises Ltd.</name>
        <lei>335800QDUUQVHS6II245</lei>
        <title>Brigade Enterprises Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE791I01019"/>
          <other otherDesc="Inhouse Asset ID" value="408275"/>
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        <balance>467032.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>3564669.36000000</valUSD>
        <pctVal>1.083072988315</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>Hypera SA</name>
        <lei>25490092WKPBKTIZX403</lei>
        <title>Hypera SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRHYPEACNOR0"/>
          <other otherDesc="Inhouse Asset ID" value="426003"/>
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        <balance>188808.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.12650000"/>
        <valUSD>850031.92000000</valUSD>
        <pctVal>0.258269847433</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>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>2840643.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.22200000"/>
        <valUSD>6274419.91000000</valUSD>
        <pctVal>1.906391318681</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>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>23220.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1438.50000000"/>
        <valUSD>420716.83000000</valUSD>
        <pctVal>0.127828695535</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>
        <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>1113077.00000000</balance>
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        <currencyConditional curCd="THB" exchangeRt="31.08500000"/>
        <valUSD>4099159.97000000</valUSD>
        <pctVal>1.245470193704</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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      <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"/>
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        <balance>151114.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75090000"/>
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        <pctVal>0.778967378782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>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>13198.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>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>1190975.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Misto Holdings Corp.</name>
        <lei>N/A</lei>
        <title>Misto Holdings Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7081660003"/>
          <other otherDesc="Inhouse Asset ID" value="476841"/>
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        <balance>139660.00000000</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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          <isCashCollateral>N</isCashCollateral>
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      <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>5035516.00000000</balance>
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        <currencyConditional curCd="VND" exchangeRt="26045.00000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LigaChem Biosciences, Inc.</name>
        <lei>N/A</lei>
        <title>LigaChem Biosciences, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7141080002"/>
          <other otherDesc="Inhouse Asset ID" value="614836"/>
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        <balance>13452.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1438.50000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JB Financial Group Co. Ltd.</name>
        <lei>N/A</lei>
        <title>JB Financial Group Co. Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7175330000"/>
          <other otherDesc="Inhouse Asset ID" value="556973"/>
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        <balance>227755.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1438.50000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>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"/>
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        <balance>191402.00000000</balance>
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        <currencyConditional curCd="HUF" exchangeRt="318.91080000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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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>380605.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>1080536.47000000</valUSD>
        <pctVal>0.328305305585</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>Georgia Capital plc</name>
        <lei>213800Q65T5GNBOW7H65</lei>
        <title>Georgia Capital plc</title>
        <cusip>N/A</cusip>
        <identifiers>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Dalmia Bharat Ltd.</name>
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        <title>Dalmia Bharat Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
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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>
        <identifiers>
          <isin value="INE171A01029"/>
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        <balance>915558.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sunresin New Materials Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Sunresin New Materials Co. Ltd., Class A</title>
        <cusip>N/A</cusip>
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          <isin value="CNE100002136"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>momo.com, Inc.</name>
        <lei>N/A</lei>
        <title>momo.com, Inc.</title>
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          <isin value="TW0008454000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>TW</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Soulbrain Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Soulbrain Co. Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="KR7357780006"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AWL Agri Business Ltd.</name>
        <lei>335800R5XN85I4JPI333</lei>
        <title>AWL Agri Business Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="INE699H01024"/>
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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>Eternal Ltd.</name>
        <lei>335800T4VOF9ETHF8W59</lei>
        <title>Eternal Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="INE758T01015"/>
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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>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>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Century Pacific Food, Inc.</name>
        <lei>254900NFV7QTJB821G52</lei>
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          <isin value="PHY1249R1024"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Wizz Air Holdings plc</name>
        <lei>213800COXGZCORLJZA85</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JE00BN574F90"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Electronics Mart India Ltd.</name>
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        <title>Electronics Mart India Ltd.</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Ajax Engineering Ltd.</name>
        <lei>335800LQAKZBB3BVZB44</lei>
        <title>Ajax Engineering Ltd.</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Nexus Select Trust</name>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Mobile World Investment Corp.</name>
        <lei>254900ZRFNB8CRAHHO95</lei>
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        <invCountry>VN</invCountry>
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        <name>PB Fintech Ltd.</name>
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        <invCountry>IN</invCountry>
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        <name>Americana Restaurants International plc</name>
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        <invCountry>AE</invCountry>
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        <name>Taaleem Holdings PJSC</name>
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        <invCountry>AE</invCountry>
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        <name>Avia Avian Tbk. PT</name>
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        <title>Avia Avian Tbk. PT</title>
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        <invCountry>ID</invCountry>
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        <name>Affle 3i Ltd.</name>
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        <title>Affle 3i Ltd.</title>
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        <name>Emirates Central Cooling Systems Corp.</name>
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        <title>Emirates Central Cooling Systems Corp.</title>
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        <name>Burjeel Holdings plc</name>
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        <title>Burjeel Holdings plc</title>
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        <invCountry>AE</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>GoTo Gojek Tokopedia Tbk. PT</name>
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        <title>GoTo Gojek Tokopedia Tbk. PT, Class A</title>
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        <invCountry>ID</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Spinneys 1961 Holding plc</name>
        <lei>N/A</lei>
        <title>Spinneys 1961 Holding plc</title>
        <cusip>N/A</cusip>
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          <isin value="AEE01377S248"/>
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        <assetCat>EC</assetCat>
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        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hexaware Technologies Ltd.</name>
        <lei>335800ZHALNQ1Q2JCP43</lei>
        <title>Hexaware Technologies Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE093A01041"/>
          <other otherDesc="Inhouse Asset ID" value="1442536"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Azzas 2154 SA</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="BRAZZAACNOR9"/>
          <other otherDesc="Inhouse Asset ID" value="487337"/>
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        <payoffProfile>Long</payoffProfile>
        <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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Brazilian Real</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="BRL"/>
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        <balance>0.09000000</balance>
        <units>OU</units>
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        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Honasa Consumer Ltd.</name>
        <lei>2549004POI9PD5S9GC46</lei>
        <title>Honasa Consumer Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="INE0J5401028"/>
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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>Jahez International Co.</name>
        <lei>N/A</lei>
        <title>Jahez International Co.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA1660IIU0H3"/>
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        <assetCat>EC</assetCat>
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        <invCountry>SA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Physicswallah Ltd.</name>
        <lei>9845000AE43R1AF6A048</lei>
        <title>Physicswallah Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE0LP301011"/>
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        <balance>1863645.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dynasty Ceramic PCL</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="TH0278A10Z16"/>
          <other otherDesc="Inhouse Asset ID" value="522850"/>
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        <currencyConditional curCd="THB" exchangeRt="31.08500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</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="INE591G01025"/>
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        <balance>225215.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Piraeus Bank SA</name>
        <lei>213800OYHR1MPQ5VJL60</lei>
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        <cusip>N/A</cusip>
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          <isin value="GRS831003009"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hypera SA</name>
        <lei>25490092WKPBKTIZX403</lei>
        <title>Hypera SA</title>
        <cusip>N/A</cusip>
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          <isin value="BRHYPED02OR3"/>
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        <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>Pine Labs Ltd.</name>
        <lei>335800PNP7BSLLVIBK61</lei>
        <title>Pine Labs Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE15B701018"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ajanta Pharma Ltd.</name>
        <lei>3358008XLYJJZBFBCK12</lei>
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          <isin value="INE031B01049"/>
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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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          <isCashCollateral>N</isCashCollateral>
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        <name>Eris Lifesciences Ltd.</name>
        <lei>33580023SPXBP9PCKQ56</lei>
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          <isin value="INE406M01024"/>
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        <invCountry>IN</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hugel, Inc.</name>
        <lei>N/A</lei>
        <title>Hugel, Inc.</title>
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          <isin value="KR7145020004"/>
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        <invCountry>KR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Aster DM Healthcare Ltd.</name>
        <lei>335800TFWMBMRZEICW46</lei>
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        <invCountry>IN</invCountry>
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        <name>JNBY Design Ltd.</name>
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        <name>EURO</name>
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        <name>Franklin Institutional U.S. Government Money Market Fund</name>
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        <name>ReNew Energy Global plc</name>
        <lei>254900SL77LA2KAG7R65</lei>
        <title>ReNew Energy Global plc, Class A</title>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Hong Kong Dollar</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Forint</name>
        <lei>N/A</lei>
        <title>Forint</title>
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        <balance>-0.38000000</balance>
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        <invCountry>HU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Indian Rupee</name>
        <lei>N/A</lei>
        <title>Indian Rupee</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="INR"/>
        </identifiers>
        <balance>-640395.02000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>-7039.15000000</valUSD>
        <pctVal>-0.00213874344</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Won</name>
        <lei>N/A</lei>
        <title>Won</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="KRW"/>
        </identifiers>
        <balance>1232.25000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="KRW" exchangeRt="1438.50000000"/>
        <valUSD>0.86000000</valUSD>
        <pctVal>0.000000261298</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mexican Peso</name>
        <lei>N/A</lei>
        <title>Mexican Peso</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="MXN"/>
        </identifiers>
        <balance>-0.03000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="MXN" exchangeRt="17.22200000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Intercorp Financial Services, Inc.</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>39215.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1897221.70000000</valUSD>
        <pctVal>0.576443245809</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>Philippine Peso</name>
        <lei>N/A</lei>
        <title>Philippine Peso</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="PHP"/>
        </identifiers>
        <balance>-0.02000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="PHP" exchangeRt="57.66500000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New Taiwan Dollar</name>
        <lei>N/A</lei>
        <title>New Taiwan Dollar</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="TWD"/>
        </identifiers>
        <balance>-4.84999999</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="TWD" exchangeRt="31.21100000"/>
        <valUSD>-0.16000000</valUSD>
        <pctVal>-0.00000004861</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</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>70867.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4001859.49000000</valUSD>
        <pctVal>1.215906856689</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="1848924.22000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Meesho Ltd.</name>
        <lei>984500M5ED0E01BBA079</lei>
        <title>Meesho Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE0VDM01015"/>
          <other otherDesc="Inhouse Asset ID" value="1549539"/>
        </identifiers>
        <balance>266355.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="90.97625000"/>
        <valUSD>468409.46000000</valUSD>
        <pctVal>0.142319408158</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>
    </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>2026-03-30</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>
</edgarSubmission>
