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        <name>TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ORD TWD10</name>
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        <name>SINOPHARM GROUP CO LTD ORD HKD 1 CL H</name>
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        <name>HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO LTD ORD CNY1 CL A</name>
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        <name>GDS HOLDINGS LTD SPONSORED ADR</name>
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        <name>Shenzhen Mindray Bio-Medical Electronics Co Ltd ORD CNY 1 CL A</name>
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        <name>JIANGSU YANGNONG CHEMICAL CO LTD ORD CNY1 CL A</name>
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        <name>Wuxi Biologics Cayman Inc ORD HKD 0.000025</name>
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        <name>GSX Techedu Inc ADR</name>
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        <name>SUOFEIYA HOME COLLECTION CO LTD ORD CNY1 CL A</name>
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        <name>ANHUI CONCH CEMENT CO LTD ORD H CNY1</name>
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        <invCountry>CN</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>SHIMAO PROPERTY HOLDINGS LTD ORD HKD.1</name>
        <lei>254900WTJ6B5CU69ZD26</lei>
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        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG810431042"/>
          <other otherDesc="Internal Identifier" value="376233"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>AIA GROUP LTD ORD USD1 (HKE)</name>
        <lei>ZP5ILWVSYE4LJGMMVD57</lei>
        <title>AIA GROUP LTD ORD USD1 (HKE)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0000069689"/>
          <other otherDesc="Internal Identifier" value="479386"/>
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        <balance>2571380.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.75440000"/>
        <valUSD>23267180.51000000</valUSD>
        <pctVal>3.489744104171</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA MOBILE LTD ORD HKD NPV</name>
        <lei>529900U2JJ7GK68NI589</lei>
        <title>CHINA MOBILE LTD ORD HKD NPV</title>
        <cusip>Y14965100</cusip>
        <identifiers>
          <ticker value="941"/>
          <other otherDesc="Internal Identifier" value="49551"/>
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        <balance>437000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.75440000"/>
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        <pctVal>0.487394241002</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</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>CHINA MERCHANTS SHEKOU INDUSTRIAL ZONE HOLDINGS CO LTD ORD CNY1 CL A</name>
        <lei>300300T3ACALX7NIPW13</lei>
        <title>CHINA MERCHANTS SHEKOU INDUSTRIAL ZONE HOLDINGS CO LTD ORD CNY1 CL A</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100002FC6"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CNOOC LTD ORD HKD NPV</name>
        <lei>549300XIVJCBIGMRUD48</lei>
        <title>CNOOC LTD ORD HKD NPV</title>
        <cusip>Y1662W117</cusip>
        <identifiers>
          <ticker value="883"/>
          <other otherDesc="Internal Identifier" value="202855"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JIANGSU HENGRUI MEDICINE CO LTD ORD CNY1 CL A</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <isin value="CNE0000014W7"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD ORD CNY1 CL-A</name>
        <lei>5493002ERZU2K9PZDL40</lei>
        <title>INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD ORD CNY1 CL-A</title>
        <cusip>000000000</cusip>
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          <isin value="CNE000001P37"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JD.COM INC SPONSORED ADR</name>
        <lei>549300HVTWB0GJZ16V92</lei>
        <title>JD.COM INC SPONSORED ADR</title>
        <cusip>47215P106</cusip>
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          <ticker value="JD"/>
          <other otherDesc="Internal Identifier" value="576937"/>
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        <curCd>USD</curCd>
        <valUSD>14295811.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wuhan Raycus Fiber Laser Technologies Co Ltd ORD CNY 1</name>
        <lei>N/A</lei>
        <title>Wuhan Raycus Fiber Laser Technologies Co Ltd ORD CNY 1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100003654"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHINA RESOURCES LAND LTD ORD HKD.1</name>
        <lei>5299001HL0TU7X15HK51</lei>
        <title>CHINA RESOURCES LAND LTD ORD HKD.1</title>
        <cusip>000000000</cusip>
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          <isin value="KYG2108Y1052"/>
          <other otherDesc="Internal Identifier" value="42612"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Trip.com Group Ltd SPONSORED ADR</name>
        <lei>2549004RMYDSRQL4KW41</lei>
        <title>Trip.com Group Ltd SPONSORED ADR</title>
        <cusip>89677Q107</cusip>
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          <ticker value="TCOM"/>
          <other otherDesc="Internal Identifier" value="292213"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HONGFA TECHNOLOGY CO LTD ORD CNY1 CL A</name>
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          <isin value="CNE000000JK6"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>FLYTECH TECHNOLOGY CO LTD ORD TWD10</name>
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          <ticker value="6206"/>
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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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        <name>Will Semiconductor Ltd ORD CNY 1 CL A</name>
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        <cusip>000000000</cusip>
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          <isin value="CNE100002XM8"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>TENCENT HOLDINGS LTD ORD HKD 0.000020</name>
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        <title>TENCENT HOLDINGS LTD ORD HKD 0.000020</title>
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          <ticker value="700"/>
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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>PING AN INSURANCE GROUP CO OF CHINA LTD ORD CNY1 A</name>
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        <title>PING AN INSURANCE GROUP CO OF CHINA LTD ORD CNY1 A</title>
        <cusip>000000000</cusip>
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          <isin value="CNE000001R84"/>
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        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CHINA CONSTRUCTION BANK CORP ORD A CNY1</name>
        <lei>5493001KQW6DM7KEDR62</lei>
        <title>CHINA CONSTRUCTION BANK CORP ORD A CNY1</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CHINA LIFE INSURANCE CO LTD ORD HKD1 CLASS H</name>
        <lei>549300J6TFLDXGH6S048</lei>
        <title>CHINA LIFE INSURANCE CO LTD ORD HKD1 CLASS H</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CK HUTCHISON HOLDINGS LTD ORD HKD1</name>
        <lei>254900Z8HM1VEPOQ2G79</lei>
        <title>CK HUTCHISON HOLDINGS LTD ORD HKD1</title>
        <cusip>000000000</cusip>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CHINA OVERSEAS LAND &amp; INVESTMENT LTD ORD HKD.10</name>
        <lei>529900I6W35GYKRIZ151</lei>
        <title>CHINA OVERSEAS LAND &amp; INVESTMENT LTD ORD HKD.10</title>
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        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SONGCHENG PERFORMANCE DEVELOPMENT CO LTD ORD CNY1 CL A</name>
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        <title>SONGCHENG PERFORMANCE DEVELOPMENT CO LTD ORD CNY1 CL A</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>A-LIVING SERVICES CO LTD ORD HKD 1 CL H</name>
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        <name>Shenzhen Kinwong Electronic Co Ltd ORD CNY 1 CL A</name>
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        <name>ALIBABA GROUP HOLDING LTD SPONSORED ADR</name>
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        <name>Shenzhen Senior Technology Material Co Ltd ORD CNY 1 CL A</name>
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        <name>INNER MONGOLIA YILI INDUSTRIAL GROUP CO LTD ORD CNY1 CL A</name>
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        <name>CHINA MERCHANTS BANK CO LTD ORD CNY1 CLASS H</name>
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        <name>Laobaixing Pharmacy Chain JSC ORD CNY 1 CL A</name>
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        <balance>2118139.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="7.10030000"/>
        <valUSD>3531976.22000000</valUSD>
        <pctVal>0.529745887539</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhejiang Jiemei Electronic &amp; Technology Co Ltd ORD CNY 1 CL A</name>
        <lei>N/A</lei>
        <title>Zhejiang Jiemei Electronic &amp; Technology Co Ltd ORD CNY 1 CL A</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100002JM7"/>
          <other otherDesc="Internal Identifier" value="1007221"/>
        </identifiers>
        <balance>988250.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.10030000"/>
        <valUSD>4993924.11000000</valUSD>
        <pctVal>0.749017149373</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Poly Developments and Holdings Group Co Ltd ORD CNY1 CL A</name>
        <lei>N/A</lei>
        <title>Poly Developments and Holdings Group Co Ltd ORD CNY1 CL A</title>
        <cusip>Y6987R107</cusip>
        <identifiers>
          <ticker value="600048"/>
          <other otherDesc="Internal Identifier" value="461569"/>
        </identifiers>
        <balance>2617200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.10030000"/>
        <valUSD>5494919.03000000</valUSD>
        <pctVal>0.824159217727</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRAVELSKY TECHNOLOGY LTD ORD H HKD1</name>
        <lei>5299007TAWP4DZ6QFG73</lei>
        <title>TRAVELSKY TECHNOLOGY LTD ORD H HKD1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000004J3"/>
          <other otherDesc="Internal Identifier" value="201907"/>
        </identifiers>
        <balance>951059.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75440000"/>
        <valUSD>1678198.70000000</valUSD>
        <pctVal>0.251705788607</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TEMPLETON CHINA OPPORTUNITIES FUND LTD CC USD NPV CL Z *A/C # 13739* REGD</name>
        <lei>N/A</lei>
        <title>TEMPLETON CHINA OPPORTUNITIES FUND LTD CC USD NPV CL Z *A/C # 13739* REGD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG8755T1094"/>
          <other otherDesc="Internal Identifier" value="453423"/>
        </identifiers>
        <balance>0.00000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.00000</valUSD>
        <pctVal>0.000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LUXSHARE PRECISION INDUSTRY CO LTD ORD CNY1 CL A</name>
        <lei>300300QLLDUELXN16530</lei>
        <title>LUXSHARE PRECISION INDUSTRY CO LTD ORD CNY1 CL A</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000TP3"/>
          <other otherDesc="Internal Identifier" value="540810"/>
        </identifiers>
        <balance>947360.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.10030000"/>
        <valUSD>5104307.46000000</valUSD>
        <pctVal>0.765573072197</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BEIJING ORIGINWATER TECHNOLOGY CO LTD ORD CNY1 CL A</name>
        <lei>300300JGUWLVI6KFDX02</lei>
        <title>BEIJING ORIGINWATER TECHNOLOGY CO LTD ORD CNY1 CL A</title>
        <cusip>Y0772Q101</cusip>
        <identifiers>
          <ticker value="300070"/>
          <other otherDesc="Internal Identifier" value="520676"/>
        </identifiers>
        <balance>3973300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.10030000"/>
        <valUSD>5172442.78000000</valUSD>
        <pctVal>0.775792395125</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </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>2020-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Robert Kubilis</ncom:nameOfApplicant>
      <ncom:signature>Robert Kubilis</ncom:signature>
      <ncom:signerName>Robert Kubilis</ncom:signerName>
      <ncom:title>Chief Financial Officer, Chief Accounting Officer and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
