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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>UNITED MICROELECTRONICS CORP</name>
        <lei>391200YJCAGH9LF96P73</lei>
        <title>UNITED MICROELECTRONICS CORP SPON ADR NEW</title>
        <cusip>910873405</cusip>
        <identifiers>
          <isin value="US9108734057"/>
          <ticker value="UMC"/>
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        <balance>30553.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>831347.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>TW</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ZIJIN MINING GROUP CO LTD</name>
        <lei>836800JRNL2393Z2I561</lei>
        <title>ZIJIN MINING GROUP CO LTD 'H'CNY0.1</title>
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          <isin value="CNE100000502"/>
          <ticker value="2899"/>
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        <balance>138000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DELTA ELECTRONICS INC</name>
        <lei>529900UVZWNWGDLJSM52</lei>
        <title>DELTA ELECTRONICS INC TWD10</title>
        <cusip>000000000</cusip>
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          <isin value="TW0002308004"/>
          <ticker value="2308"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JD.COM INC</name>
        <lei>549300HVTWB0GJZ16V92</lei>
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        <cusip>000000000</cusip>
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          <isin value="KYG8208B1014"/>
          <ticker value="9618"/>
          <other otherDesc="SEDOL" value="BKPQZT6"/>
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        <balance>33450.00000000</balance>
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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>
        <name>ELITE MATERIAL COMPANY LTD</name>
        <lei>N/A</lei>
        <title>ELITE MATERIAL COMPANY LTD TWD10</title>
        <cusip>000000000</cusip>
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          <isin value="TW0002383007"/>
          <ticker value="2383"/>
          <other otherDesc="SEDOL" value="6316121"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SK HYNIX INC</name>
        <lei>988400XAIK6XISWQV045</lei>
        <title>SK HYNIX INC KRW5000</title>
        <cusip>000000000</cusip>
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          <isin value="KR7000660001"/>
          <ticker value="000660"/>
          <other otherDesc="SEDOL" value="6450267"/>
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        <balance>1450.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>KR</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MONTAGE TECHNOLOGY CO LTD</name>
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        <title>MONTAGE TECHNOLOGY CO LTD CNY1 H</title>
        <cusip>000000000</cusip>
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          <isin value="CNE100007DX6"/>
          <ticker value="6809"/>
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        <balance>1700.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>THERMAX LTD</name>
        <lei>33580013S142QYY9TR81</lei>
        <title>THERMAX LTD INR2</title>
        <cusip>000000000</cusip>
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          <isin value="INE152A01029"/>
          <ticker value="TMX"/>
          <other otherDesc="SEDOL" value="B10SSP1"/>
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        <balance>10962.00000000</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>YUM CHINA HOLDINGS INC</name>
        <lei>529900DO9BYZ7VA3K502</lei>
        <title>YUM CHINA HOLDINGS INC COM</title>
        <cusip>98850P109</cusip>
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          <isin value="US98850P1093"/>
          <ticker value="YUMC"/>
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        <balance>12445.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>508627.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VALTERRA PLATINUM LTD</name>
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        <title>VALTERRA PLATINUM LTD ZAR0.10</title>
        <cusip>000000000</cusip>
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          <isin value="ZAE000013181"/>
          <ticker value="VAL"/>
          <other otherDesc="SEDOL" value="6761000"/>
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        <balance>7636.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>ZA</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FREEPORT-MCMORAN INC</name>
        <lei>549300IRDTHJQ1PVET45</lei>
        <title>FREEPORT-MCMORAN INC CL B</title>
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          <isin value="US35671D8570"/>
          <ticker value="FCX"/>
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        <balance>7493.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>471234.77000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CMOC GROUP LTD</name>
        <lei>2549008KG3638J59U652</lei>
        <title>CMOC GROUP LTD 'H'CNY0.2</title>
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          <isin value="CNE100000114"/>
          <ticker value="3993"/>
          <other otherDesc="SEDOL" value="B1VRCG6"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TENCENT HOLDINGS LTD</name>
        <lei>254900N4SLUMW4XUYY11</lei>
        <title>TENCENT HOLDINGS LTD HKD0.00002</title>
        <cusip>000000000</cusip>
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          <isin value="KYG875721634"/>
          <ticker value="700"/>
          <other otherDesc="SEDOL" value="BMMV2K8"/>
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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>PETROLEO BRASILEIRO SA</name>
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        <title>PETROLEO BRASILEIRO SA SPONSORED ADR</title>
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          <ticker value="PBR"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>BR</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>CAPITEC BANK HOLDINGS LTD</name>
        <lei>N/A</lei>
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          <isin value="ZAE000035861"/>
          <ticker value="CPI"/>
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        <name>SAMSUNG ELECTRO MECHANICS</name>
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        <name>HYUNDAI ROTEM COMPANY</name>
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          <ticker value="064350"/>
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        <name>BAJAJ FINANCE LTD</name>
        <lei>335800YTEXC3DO4Z6F68</lei>
        <title>BAJAJ FINANCE LTD INR1(POST SUBD)</title>
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          <ticker value="BAF"/>
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        <name>BAIDU INC</name>
        <lei>254900AL64IANZYI1E02</lei>
        <title>BAIDU INC SPON ADR REP A</title>
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          <ticker value="BIDU"/>
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        <assetCat>EC</assetCat>
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        <name>LUCKIN COFFEE INC</name>
        <lei>549300FO16ASCVSMYI15</lei>
        <title>LUCKIN COFFEE INC SPONSORED ADS</title>
        <cusip>54951L109</cusip>
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          <ticker value="LKNCY"/>
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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>ICICI BANK LTD</name>
        <lei>R7RX8ER1V4666J8D1I38</lei>
        <title>ICICI BANK LTD ADR</title>
        <cusip>45104G104</cusip>
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          <ticker value="IBN"/>
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        <balance>3770.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>109443.10000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KOREA INVESTMENT HOLDINGS COMPANY LTD</name>
        <lei>N/A</lei>
        <title>KOREA INVESTMENT HOLDINGS COMPANY LTD KRW5000</title>
        <cusip>000000000</cusip>
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          <ticker value="071050"/>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>JP MORGAN US GOVT CAPITAL</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <other otherDesc="INTERNAL" value="X9USDRGAN"/>
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        <balance>2866269.96000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2866269.96000000</valUSD>
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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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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SHRIRAM FINANCE LTD</name>
        <lei>335800TM2YO24B76XL26</lei>
        <title>SHRIRAM FINANCE LTD INR2 (POST SUBD)</title>
        <cusip>000000000</cusip>
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          <isin value="INE721A01047"/>
          <ticker value="SHFL"/>
          <other otherDesc="SEDOL" value="BS4DBX0"/>
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        <balance>25520.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="94.65875000"/>
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        <payoffProfile>Long</payoffProfile>
        <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>
      <invstOrSec>
        <name>HONGFA TECHNOLOGY CO LTD</name>
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          <isin value="CNE000000JK6"/>
          <ticker value="600885"/>
          <other otherDesc="SEDOL" value="BYQDM93"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CP ALL PCL</name>
        <lei>894500LSBZLM09TY1A91</lei>
        <title>CP ALL PCL THB1(ALIEN)</title>
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          <isin value="TH0737010Y16"/>
          <ticker value="CPALL/F"/>
          <other otherDesc="SEDOL" value="B08YDF9"/>
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        <balance>196200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NAVER CORP</name>
        <lei>988400ULUQYDB2HQYJ61</lei>
        <title>NAVER CORP KRW100</title>
        <cusip>000000000</cusip>
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          <isin value="KR7035420009"/>
          <ticker value="035420"/>
          <other otherDesc="SEDOL" value="6560393"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHINA MERCHANTS BANK COMPANY LTD</name>
        <lei>549300MKO5B60FFIHF58</lei>
        <title>CHINA MERCHANTS BANK COMPANY LTD 'H'CNY1</title>
        <cusip>000000000</cusip>
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          <isin value="CNE1000002M1"/>
          <ticker value="3968"/>
          <other otherDesc="SEDOL" value="B1DYPZ5"/>
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        <balance>50500.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CTBC FINANCIAL HOLDING CO LTD</name>
        <lei>549300IWDYIFW6JXM387</lei>
        <title>CTBC FINANCIAL HOLDING CO LTD TWD10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002891009"/>
          <ticker value="2891"/>
          <other otherDesc="SEDOL" value="6527666"/>
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        <balance>243000.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="31.85650000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CLASSYS INC</name>
        <lei>N/A</lei>
        <title>CLASSYS INC KRW100</title>
        <cusip>000000000</cusip>
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          <isin value="KR7214150005"/>
          <ticker value="214150"/>
          <other otherDesc="SEDOL" value="BWT5WS1"/>
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        <balance>5987.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1549.30000000"/>
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        <pctVal>0.323842058511</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WNC CORP</name>
        <lei>N/A</lei>
        <title>WNC CORP TWD10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0006285000"/>
          <ticker value="6285"/>
          <other otherDesc="SEDOL" value="6682598"/>
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        <balance>32000.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="31.85650000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SAMSUNG BIOLOGICS CO LTD</name>
        <lei>N/A</lei>
        <title>SAMSUNG BIOLOGICS CO LTD KRW2500</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7207940008"/>
          <ticker value="207940"/>
          <other otherDesc="SEDOL" value="BYNJCV6"/>
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        <balance>162.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1549.30000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHINA MERCHANTS BANK COMPANY LTD</name>
        <lei>549300MKO5B60FFIHF58</lei>
        <title>CHINA MERCHANTS BANK COMPANY LTD 'A'CNY1</title>
        <cusip>000000000</cusip>
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          <isin value="CNE000001B33"/>
          <ticker value="600036"/>
          <other otherDesc="SEDOL" value="BP3R273"/>
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        <balance>77300.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.78800000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SHOPRITE HOLDINGS LTD</name>
        <lei>529900Q4O1EYP6NH5150</lei>
        <title>SHOPRITE HOLDINGS LTD ZAR0.01134</title>
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          <isin value="ZAE000012084"/>
          <ticker value="SHP"/>
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        <balance>25285.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HDFC BANK LTD</name>
        <lei>335800ZQ6I4E2JXENC50</lei>
        <title>HDFC BANK LTD SPONSORED ADS</title>
        <cusip>40415F101</cusip>
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          <isin value="US40415F1012"/>
          <ticker value="HDB"/>
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        <balance>18034.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>465818.22000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <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>CONTEMPORARY AMPEREX TECHNOLOGY CO LTD</name>
        <lei>300300KINDY1K0E9I032</lei>
        <title>CONTEMPORARY AMPEREX TECHNOLOGY CO LTD 'A' CNY1</title>
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          <isin value="CNE100003662"/>
          <ticker value="300750"/>
          <other otherDesc="SEDOL" value="BHQPSY7"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HD HYUNDAI HEAVY INDUSTRIES CO LTD</name>
        <lei>988400CAR8W9URQLGF30</lei>
        <title>HD HYUNDAI HEAVY INDUSTRIES CO LTD KRW5000</title>
        <cusip>000000000</cusip>
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          <isin value="KR7329180004"/>
          <ticker value="329180"/>
          <other otherDesc="SEDOL" value="BMDHSH4"/>
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        <invCountry>KR</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>HANWHA AEROSPACE CO LTD</name>
        <lei>9884001NSUA8FQKQWR25</lei>
        <title>HANWHA AEROSPACE CO LTD KRW5000</title>
        <cusip>000000000</cusip>
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          <isin value="KR7012450003"/>
          <ticker value="012450"/>
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        <fairValLevel>1</fairValLevel>
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        <name>COMPANIA DE MINAS BUENAVENTURA SA</name>
        <lei>529900WQB1ZU9KB6EL71</lei>
        <title>COMPANIA DE MINAS BUENAVENTURA SA SPONSORED ADR</title>
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          <ticker value="BVN"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PE</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>VALE SA</name>
        <lei>254900SMTWBX7RU2SR20</lei>
        <title>VALE SA SPONSORED ADS</title>
        <cusip>91912E105</cusip>
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          <isin value="US91912E1055"/>
          <ticker value="VALE"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ZIJIN GOLD INTERNATIONAL CO LTD</name>
        <lei>254900FINUJR4MZ8A417</lei>
        <title>ZIJIN GOLD INTERNATIONAL CO LTD NPV</title>
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          <isin value="HK0001200002"/>
          <ticker value="2259"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CAMBRICON TECHNOLOGIES CORP LTD</name>
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        <title>CAMBRICON TECHNOLOGIES CORP LTD A CNY1</title>
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          <ticker value="688256"/>
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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>CHINA INTERNATIONAL CAPITAL CORP LTD</name>
        <lei>529900OS3SVVTT56QN67</lei>
        <title>CHINA INTERNATIONAL CAPITAL CORP LTD CNY1 H</title>
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          <ticker value="3908"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA CONSTRUCTION BANK CORP</name>
        <lei>5493001KQW6DM7KEDR62</lei>
        <title>CHINA CONSTRUCTION BANK CORP 'H'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000002H1"/>
          <ticker value="939"/>
          <other otherDesc="SEDOL" value="B0LMTQ3"/>
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        <balance>934000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GRUPO FINANCIERO BANORTE SAB DE CV</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MXP370711014"/>
          <ticker value="GFNORTEO"/>
          <other otherDesc="SEDOL" value="2421041"/>
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        <balance>47660.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SK SQUARE CO LTD</name>
        <lei>N/A</lei>
        <title>SK SQUARE CO LTD KRW100</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7402340004"/>
          <ticker value="402340"/>
          <other otherDesc="SEDOL" value="BMG3GS6"/>
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        <balance>2440.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1549.30000000"/>
        <valUSD>2672613.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SAMSUNG FIRE &amp; MARINE INSURANCE COMPANY LTD</name>
        <lei>988400JMBDK47EW0Z936</lei>
        <title>SAMSUNG FIRE &amp; MARINE INSURANCE COMPANY LTD KRW500</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7000810002"/>
          <ticker value="000810"/>
          <other otherDesc="SEDOL" value="6155250"/>
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        <balance>2890.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1549.30000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TVS MOTOR CO LTD</name>
        <lei>335800URVL13UQEWM152</lei>
        <title>TVS MOTOR CO LTD 6% PREF 01/09/2026</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE494B04019"/>
          <ticker value="TVSLIN"/>
          <other otherDesc="SEDOL" value="BPCNFX9"/>
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        <balance>38894.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="94.65875000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CREDICORP LTD</name>
        <lei>529900UYAEYQCQ2BKB17</lei>
        <title>CREDICORP LTD COM</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG2519Y1084"/>
          <ticker value="BAP"/>
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        <balance>1447.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>563722.26000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MAX FINANCIAL SERVICES LTD</name>
        <lei>335800Y9FX8XGFB64S40</lei>
        <title>MAX FINANCIAL SERVICES LTD INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE180A01020"/>
          <ticker value="MAXF"/>
          <other otherDesc="SEDOL" value="B1TJG95"/>
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        <balance>20673.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <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>MILITARY CJSB</name>
        <lei>5493007XE88E8JRNTJ93</lei>
        <title>MILITARY CJSB VND10000</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="VN000000MBB5"/>
          <ticker value="MBB"/>
          <other otherDesc="SEDOL" value="B6SDL09"/>
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        <balance>282297.00000000</balance>
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        <currencyConditional curCd="VND" exchangeRt="26311.50000000"/>
        <valUSD>270371.68000000</valUSD>
        <pctVal>0.486222223857</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VN</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>XP INC</name>
        <lei>5493008KDA8NBZRJST80</lei>
        <title>XP INC CL A</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG982391099"/>
          <ticker value="XP"/>
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        <balance>24843.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>403947.18000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HANA FINANCIAL GROUP INC</name>
        <lei>N/A</lei>
        <title>HANA FINANCIAL GROUP INC KRW5000</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7086790003"/>
          <ticker value="086790"/>
          <other otherDesc="SEDOL" value="B0RNRF5"/>
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        <balance>6644.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1549.30000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ITAU UNIBANCO HOLDING SA</name>
        <lei>5493002W2IVG62O3ZJ94</lei>
        <title>ITAU UNIBANCO HOLDING SA SPON ADR REP PFD</title>
        <cusip>465562106</cusip>
        <identifiers>
          <isin value="US4655621062"/>
          <ticker value="ITUB"/>
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        <balance>158742.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1296922.14000000</valUSD>
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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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      <invstOrSec>
        <name>BANK OF THE PHILIPPINE ISLANDS</name>
        <lei>549300UW4UH6XT2X8C50</lei>
        <title>BANK OF THE PHILIPPINE ISLANDS PHP10</title>
        <cusip>000000000</cusip>
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          <isin value="PHY0967S1694"/>
          <ticker value="BPI"/>
          <other otherDesc="SEDOL" value="6074968"/>
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        <balance>172990.00000000</balance>
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        <currencyConditional curCd="PHP" exchangeRt="61.37000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PETROCHINA COMPANY LTD</name>
        <lei>529900RPY4YG47TRSV05</lei>
        <title>PETROCHINA COMPANY LTD 'H'CNY1</title>
        <cusip>000000000</cusip>
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          <isin value="CNE1000003W8"/>
          <ticker value="857"/>
          <other otherDesc="SEDOL" value="6226576"/>
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        <balance>360000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84205000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SAMSUNG ELECTRONICS CO LTD</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>SAMSUNG ELECTRONICS CO LTD KRW100</title>
        <cusip>000000000</cusip>
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          <isin value="KR7005930003"/>
          <ticker value="005930"/>
          <other otherDesc="SEDOL" value="6771720"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FOMENTO ECONOMICO MEXICANO SAB DE CV</name>
        <lei>549300A8MDWDJNMLV153</lei>
        <title>FOMENTO ECONOMICO MEXICANO SAB DE CV SPON ADR UNITS</title>
        <cusip>344419106</cusip>
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          <isin value="US3444191064"/>
          <ticker value="FMX"/>
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        <balance>3563.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>455707.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HD HYUNDAI ELECTRIC CO LTD</name>
        <lei>988400CSDKM9UHLHGB91</lei>
        <title>HD HYUNDAI ELECTRIC CO LTD KRW5000</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7267260008"/>
          <ticker value="267260"/>
          <other otherDesc="SEDOL" value="BD4HFR9"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HON HAI PRECISION INDUSTRY COMPANY LTD</name>
        <lei>30030004CM3GSZXX7O56</lei>
        <title>HON HAI PRECISION INDUSTRY COMPANY LTD TWD10</title>
        <cusip>000000000</cusip>
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          <isin value="TW0002317005"/>
          <ticker value="2317"/>
          <other otherDesc="SEDOL" value="6438564"/>
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        <assetCat>EC</assetCat>
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        <invCountry>TW</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HYUNDAI MOTOR COMPANY</name>
        <lei>9884004RQX8PRBXQ8S60</lei>
        <title>HYUNDAI MOTOR COMPANY KRW5000</title>
        <cusip>000000000</cusip>
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          <isin value="KR7005380001"/>
          <ticker value="005380"/>
          <other otherDesc="SEDOL" value="6451055"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
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        <fairValLevel>1</fairValLevel>
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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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          <isin value="CNE1000003X6"/>
          <ticker value="2318"/>
          <other otherDesc="SEDOL" value="B01FLR7"/>
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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>ALIBABA GROUP HOLDING LTD</name>
        <lei>5493001NTNQJDH60PM02</lei>
        <title>ALIBABA GROUP HOLDING LTD USD0.000003125</title>
        <cusip>000000000</cusip>
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          <isin value="KYG017191142"/>
          <ticker value="9988"/>
          <other otherDesc="SEDOL" value="BK6YZP5"/>
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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>TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD TWD10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002330008"/>
          <ticker value="2330"/>
          <other otherDesc="SEDOL" value="6889106"/>
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        <balance>109000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ANTOFAGASTA PLC</name>
        <lei>213800MY6QVH4FVLD628</lei>
        <title>ANTOFAGASTA PLC ORD GBP0.05</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0000456144"/>
          <ticker value="ANTO"/>
          <other otherDesc="SEDOL" value="0045614"/>
        </identifiers>
        <balance>22217.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75343700"/>
        <valUSD>1126423.84000000</valUSD>
        <pctVal>2.025701451019</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SINGAPORE TELECOMMUNICATIONS LTD</name>
        <lei>2549003XJKIQO8YDYD89</lei>
        <title>SINGAPORE TELECOMMUNICATIONS LTD NPV(BOARD LOT 100)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1T75931496"/>
          <ticker value="ST"/>
          <other otherDesc="SEDOL" value="B02PY11"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29345000"/>
        <valUSD>340948.63000000</valUSD>
        <pctVal>0.613144102591</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>
    </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>2026-08-21</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>
</edgarSubmission>
