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      <invstOrSec>
        <name>SAWAI GROUP HOLDINGS CO LTD</name>
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      <invstOrSec>
        <name>Telstra Group Ltd.</name>
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        <title>Telstra Group Ltd. NPV</title>
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      <invstOrSec>
        <name>SK Inc.</name>
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        <title>SK Inc. KRW200</title>
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      <invstOrSec>
        <name>JP MORGAN US GOVT CAPITAL</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hikari Tsushin Inc</name>
        <lei>3538001SOIIV8U3OXH94</lei>
        <title>Hikari Tsushin Inc NPV</title>
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          <isin value="JP3783420007"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>United Overseas Bank Ltd.</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>China Merchants Bank Co Ltd.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bharti Airtel Ltd.</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Toyota Motor Corp.</name>
        <lei>5493006W3QUS5LMH6R84</lei>
        <title>Toyota Motor Corp. NPV</title>
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          <isin value="JP3633400001"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Taiwan Semiconductor Manufacturing Co., Ltd.</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>Taiwan Semiconductor Manufacturing Co., Ltd. SPONSORED ADS</title>
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          <ticker value="TSM"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PetroChina Co Ltd.</name>
        <lei>529900RPY4YG47TRSV05</lei>
        <title>PetroChina Co Ltd. 'H'CNY1</title>
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          <isin value="CNE1000003W8"/>
          <ticker value="857"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Singapore Telecommunications Ltd.</name>
        <lei>2549003XJKIQO8YDYD89</lei>
        <title>Singapore Telecommunications Ltd. NPV(BOARD LOT 100)</title>
        <cusip>000000000</cusip>
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          <ticker value="ST"/>
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        <invCountry>SG</invCountry>
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      <invstOrSec>
        <name>ORIX Corp.</name>
        <lei>35380016EMHNBOVYE123</lei>
        <title>ORIX Corp. NPV</title>
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          <isin value="JP3200450009"/>
          <ticker value="8591"/>
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      <invstOrSec>
        <name>KOREA INVESTMENT HOLDINGS COMPANY LTD</name>
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          <ticker value="071050"/>
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        <invCountry>KR</invCountry>
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      <invstOrSec>
        <name>Sony Financial Group Inc.</name>
        <lei>353800O7BDSU41WOZA60</lei>
        <title>Sony Financial Group Inc. NPV</title>
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          <ticker value="8729"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>SK Telecom Co Ltd</name>
        <lei>9884003WEA1PHW006037</lei>
        <title>SK Telecom Co Ltd SPONSORED ADR</title>
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          <ticker value="SKM"/>
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        <name>Bank Rakyat Indonesia (Persero) Tbk</name>
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        <invCountry>ID</invCountry>
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        <name>CHINA OVERSEAS PROPERTY HOLDINGS LTD</name>
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        <invCountry>KY</invCountry>

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      <invstOrSec>
        <name>Mitsubishi UFJ Financial Group Inc.</name>
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        <title>Mitsubishi UFJ Financial Group Inc. NPV</title>
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        <invCountry>JP</invCountry>
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        <name>BANGKOK DUSIT MEDICAL SERVICES PCL</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
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      <invstOrSec>
        <name>HANA FINANCIAL GROUP INC</name>
        <lei>N/A</lei>
        <title>Hana Financial Group Inc. KRW5000</title>
        <cusip>000000000</cusip>
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          <ticker value="086790"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Link Real Estate Investment Trust</name>
        <lei>529900XUE70U36QX5M62</lei>
        <title>Link Real Estate Investment Trust UNITS</title>
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      <invstOrSec>
        <name>Delta Electronics Inc.</name>
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      <invstOrSec>
        <name>Sony Group Corp.</name>
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      <invstOrSec>
        <name>ALIBABA GROUP HOLDING LTD</name>
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      <invstOrSec>
        <name>Dongfang Electric Corp Ltd.</name>
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      <invstOrSec>
        <name>Hindustan Unilever Ltd.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <name>Power Grid Corporation of India Ltd.</name>
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        <cusip>000000000</cusip>
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          <isin value="INE752E01010"/>
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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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      <invstOrSec>
        <name>Tokio Marine Holdings Inc.</name>
        <lei>5299009QN2NZ191KLS29</lei>
        <title>Tokio Marine Holdings Inc. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3910660004"/>
          <ticker value="8766"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Midea Group Co Ltd.</name>
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        <title>Midea Group Co Ltd. A CNY1</title>
        <cusip>000000000</cusip>
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          <isin value="CNE100001QQ5"/>
          <ticker value="000333"/>
          <other otherDesc="SEDOL" value="BDVHRJ8"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Shin-Etsu Chemical Co Ltd.</name>
        <lei>353800PX8Q64N86H5W41</lei>
        <title>Shin-Etsu Chemical Co Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3371200001"/>
          <ticker value="4063"/>
          <other otherDesc="SEDOL" value="6804585"/>
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        <currencyConditional curCd="JPY" exchangeRt="159.09000000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NEC Corp.</name>
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        <title>NEC Corp. NPV</title>
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          <isin value="JP3733000008"/>
          <ticker value="6701"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Commonwealth Bank of Australia</name>
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          <ticker value="CBA"/>
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        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>YUM CHINA HOLDINGS INC</name>
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        <title>Yum China Holdings Inc. COM</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>KWALITY WALLS (INDIA) LTD</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HKT TRUST AND HKT LTD</name>
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          <ticker value="6823"/>
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        <assetCat>EC</assetCat>
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        <invCountry>HK</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Marubeni Corp.</name>
        <lei>4P4N3ORD02UGQT1T1W12</lei>
        <title>Marubeni Corp. NPV</title>
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        <invCountry>JP</invCountry>
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        <name>KT&amp;G Corp.</name>
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      <invstOrSec>
        <name>Nari Technology Co Ltd.</name>
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        <title>Nari Technology Co Ltd. 'A'CNY1</title>
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        <invCountry>CN</invCountry>
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        <name>TENCENT HOLDINGS LTD</name>
        <lei>254900N4SLUMW4XUYY11</lei>
        <title>Tencent Holdings Ltd. HKD0.00002</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CTBC Financial Holding Co Ltd.</name>
        <lei>549300IWDYIFW6JXM387</lei>
        <title>CTBC Financial Holding Co Ltd. TWD10</title>
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          <ticker value="2891"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ping An Insurance (Group) Company of China Ltd.</name>
        <lei>529900M9MC28JLN35U89</lei>
        <title>Ping An Insurance (Group) Company of China Ltd. 'H' CNY1</title>
        <cusip>000000000</cusip>
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        <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>HONGKONG LAND HOLDINGS LTD</name>
        <lei>213800XCHYNRPAYGXW28</lei>
        <title>Hongkong Land Holdings Ltd. ORD USD0.10(SINGAPORE REG)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG4587L1090"/>
          <ticker value="HKL"/>
          <other otherDesc="SEDOL" value="6434915"/>
        </identifiers>
        <balance>14200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>110334.00000000</valUSD>
        <pctVal>1.358273971805</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Midea Group Co Ltd.</name>
        <lei>3003003TRPHLHZD2IF61</lei>
        <title>Midea Group Co Ltd. A CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100001QQ5"/>
          <ticker value="000333"/>
          <other otherDesc="SEDOL" value="BD5CPP1"/>
        </identifiers>
        <balance>5900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.90670000"/>
        <valUSD>65221.45000000</valUSD>
        <pctVal>0.802912954650</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>AIA Group Ltd, Hong Kong</name>
        <lei>ZP5ILWVSYE4LJGMMVD57</lei>
        <title>AIA Group Ltd, Hong Kong NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0000069689"/>
          <ticker value="1299"/>
          <other otherDesc="SEDOL" value="B4TX8S1"/>
        </identifiers>
        <balance>12600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84020000"/>
        <valUSD>136362.59000000</valUSD>
        <pctVal>1.678700642820</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BYD Co Ltd.</name>
        <lei>5299005557VL7ULJ7A69</lei>
        <title>BYD Co Ltd. 'H'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000296"/>
          <ticker value="1211"/>
          <other otherDesc="SEDOL" value="6536651"/>
        </identifiers>
        <balance>4000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84020000"/>
        <valUSD>53978.21000000</valUSD>
        <pctVal>0.664502308333</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>Industrial &amp; Commercial Bank of China Ltd.</name>
        <lei>5493002ERZU2K9PZDL40</lei>
        <title>Industrial &amp; Commercial Bank of China Ltd. 'H'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000003G1"/>
          <ticker value="1398"/>
          <other otherDesc="SEDOL" value="B1G1QD8"/>
        </identifiers>
        <balance>151000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84020000"/>
        <valUSD>132121.63000000</valUSD>
        <pctVal>1.626492025499</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>Macquarie Korea Infrastructure Fund</name>
        <lei>N/A</lei>
        <title>Macquarie Korea Infrastructure Fund NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7088980008"/>
          <ticker value="088980"/>
          <other otherDesc="SEDOL" value="B10S8B7"/>
        </identifiers>
        <balance>8314.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1516.10000000"/>
        <valUSD>61528.32000000</valUSD>
        <pctVal>0.757448434615</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Swire Pacific Ltd.</name>
        <lei>549300KZOZHII0DGF611</lei>
        <title>Swire Pacific Ltd. 'A' NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0019000162"/>
          <ticker value="19"/>
          <other otherDesc="SEDOL" value="6867748"/>
        </identifiers>
        <balance>8000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84020000"/>
        <valUSD>87089.62000000</valUSD>
        <pctVal>1.072122501317</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DBS Group Holdings Ltd.</name>
        <lei>5493007FKT78NKPM5V55</lei>
        <title>DBS Group Holdings Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1L01001701"/>
          <ticker value="DBS"/>
          <other otherDesc="SEDOL" value="6175203"/>
        </identifiers>
        <balance>2300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29015000"/>
        <valUSD>101437.82000000</valUSD>
        <pctVal>1.248756962157</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Asahi Group Holdings Ltd</name>
        <lei>353800KAJ02XNHLCJW79</lei>
        <title>Asahi Group Holdings Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3116000005"/>
          <ticker value="2502"/>
          <other otherDesc="SEDOL" value="6054409"/>
        </identifiers>
        <balance>7200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.09000000"/>
        <valUSD>71732.98000000</valUSD>
        <pctVal>0.883073573459</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Samsung Electronics Co Ltd.</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>Samsung Electronics Co Ltd. KRW100</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7005930003"/>
          <ticker value="005930"/>
          <other otherDesc="SEDOL" value="6771720"/>
        </identifiers>
        <balance>4665.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1516.10000000"/>
        <valUSD>514470.02000000</valUSD>
        <pctVal>6.333417055850</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sumitomo Corp.</name>
        <lei>V82KK8NH1P0JS71FJC05</lei>
        <title>Sumitomo Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3404600003"/>
          <ticker value="8053"/>
          <other otherDesc="SEDOL" value="6858946"/>
        </identifiers>
        <balance>4300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.09000000"/>
        <valUSD>156226.04000000</valUSD>
        <pctVal>1.923230951929</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YUEXIU TRANSPORT INFRASTRUCTURE LTD</name>
        <lei>529900M1O3AXRD4IBL13</lei>
        <title>Yuexiu Transport Infrastructure Ltd. ORD HKD0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG9880L1028"/>
          <ticker value="1052"/>
          <other otherDesc="SEDOL" value="6398787"/>
        </identifiers>
        <balance>206000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84020000"/>
        <valUSD>101946.38000000</valUSD>
        <pctVal>1.255017623522</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANZ Group Holdings Ltd.</name>
        <lei>9845005D9C6BAA10BK72</lei>
        <title>ANZ Group Holdings Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000ANZ3"/>
          <ticker value="ANZ"/>
          <other otherDesc="SEDOL" value="6065586"/>
        </identifiers>
        <balance>4035.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.46006650"/>
        <valUSD>99405.71000000</valUSD>
        <pctVal>1.223740538200</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitsui Fudosan Co Ltd.</name>
        <lei>353800ND4ZKNZDYKMF33</lei>
        <title>Mitsui Fudosan Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3893200000"/>
          <ticker value="8801"/>
          <other otherDesc="SEDOL" value="6597603"/>
        </identifiers>
        <balance>9600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.09000000"/>
        <valUSD>99898.17000000</valUSD>
        <pctVal>1.229802999456</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RIO Tinto Limited</name>
        <lei>529900X2VMAQT2PE0V24</lei>
        <title>RIO Tinto Limited NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000RIO1"/>
          <ticker value="RIO"/>
          <other otherDesc="SEDOL" value="6220103"/>
        </identifiers>
        <balance>1098.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.46006650"/>
        <valUSD>121398.68000000</valUSD>
        <pctVal>1.494486443485</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-05-21</ncom:dateSigned>
      <ncom:nameOfApplicant>Matthews International Funds</ncom:nameOfApplicant>
      <ncom:signature>Shai Malka</ncom:signature>
      <ncom:signerName>Shai Malka</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
