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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BEIJING AIRPORT</name>
        <lei>5299001QWQN7CK66FE04</lei>
        <title>Beijing Capital International Airport Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000221"/>
          <ticker value="694"/>
          <other otherDesc="SEDOL" value="6208422"/>
        </identifiers>
        <balance>230000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.78030000"/>
        <valUSD>83068.78000000</valUSD>
        <pctVal>0.498925262143</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>Seera Group Holding</name>
        <lei>N/A</lei>
        <title>Seera Group Holding</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA132GSGS910"/>
          <ticker value="SEERA"/>
          <other otherDesc="SEDOL" value="B6WTLK3"/>
        </identifiers>
        <balance>20665.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75110000"/>
        <valUSD>135412.47000000</valUSD>
        <pctVal>0.813310392812</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Radico Khaitan Ltd</name>
        <lei>335800P7T5DW332M7E19</lei>
        <title>Radico Khaitan Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE944F01028"/>
          <ticker value="RDCK"/>
          <other otherDesc="SEDOL" value="B0VY3T0"/>
        </identifiers>
        <balance>14337.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="85.47250000"/>
        <valUSD>407427.61000000</valUSD>
        <pctVal>2.447079722657</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vivara Participacoes SA</name>
        <lei>254900KO2WRLAVSJDR42</lei>
        <title>Vivara Participacoes SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRVIVAACNOR0"/>
          <ticker value="VIVA3"/>
          <other otherDesc="SEDOL" value="BKTPCJ8"/>
        </identifiers>
        <balance>54900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.72765000"/>
        <valUSD>190647.30000000</valUSD>
        <pctVal>1.145060203478</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YDUQS Participacoes SA</name>
        <lei>N/A</lei>
        <title>YDUQS Participacoes SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRYDUQACNOR3"/>
          <ticker value="YDUQ3"/>
          <other otherDesc="SEDOL" value="BJGV3C2"/>
        </identifiers>
        <balance>181200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.72765000"/>
        <valUSD>365079.57000000</valUSD>
        <pctVal>2.192730170896</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FPT Corp</name>
        <lei>N/A</lei>
        <title>FPT Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="VN000000FPT1"/>
          <ticker value="FPT"/>
          <other otherDesc="SEDOL" value="B1HMWH6"/>
        </identifiers>
        <balance>32300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="VND" exchangeRt="25549.00000000"/>
        <valUSD>152972.72000000</valUSD>
        <pctVal>0.918780249653</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zinka Logistics Solutions Ltd</name>
        <lei>3358003IBMJFDHOYF615</lei>
        <title>Zinka Logistics Solutions Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE0UIZ01018"/>
          <ticker value="BLACKBUC"/>
          <other otherDesc="SEDOL" value="BT6PDB3"/>
        </identifiers>
        <balance>22554.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="85.47250000"/>
        <valUSD>111882.72000000</valUSD>
        <pctVal>0.671986700723</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BRAC Bank PLC</name>
        <lei>254900EHCK80ARTPIK21</lei>
        <title>BRAC Bank PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BD0138BRACB9"/>
          <ticker value="BRAC"/>
          <other otherDesc="SEDOL" value="B1QS725"/>
        </identifiers>
        <balance>229978.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BDT" exchangeRt="122.05000000"/>
        <valUSD>95910.53000000</valUSD>
        <pctVal>0.576055003126</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BD</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Airtac International Group</name>
        <lei>N/A</lei>
        <title>Airtac International Group</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG014081064"/>
          <ticker value="1590"/>
          <other otherDesc="SEDOL" value="B52J816"/>
        </identifiers>
        <balance>7000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="33.20250000"/>
        <valUSD>175197.65000000</valUSD>
        <pctVal>1.052266970253</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aguas Andinas SA</name>
        <lei>894500KC50BSHRL3SK15</lei>
        <title>Aguas Andinas SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CL0000000035"/>
          <ticker value="AGUAS/A"/>
          <other otherDesc="SEDOL" value="2311238"/>
        </identifiers>
        <balance>339082.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="951.97500000"/>
        <valUSD>121894.63000000</valUSD>
        <pctVal>0.732119939966</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eugene Technology Co Ltd</name>
        <lei>N/A</lei>
        <title>Eugene Technology Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7084370006"/>
          <ticker value="084370"/>
          <other otherDesc="SEDOL" value="B0TBHH9"/>
        </identifiers>
        <balance>11321.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1472.50000000"/>
        <valUSD>293308.08000000</valUSD>
        <pctVal>1.761658359529</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>Flat Glass Group Co Ltd</name>
        <lei>300300BEL4RMXBKEA373</lei>
        <title>Flat Glass Group Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100002375"/>
          <ticker value="6865"/>
          <other otherDesc="SEDOL" value="BYQ9774"/>
        </identifiers>
        <balance>165000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.78030000"/>
        <valUSD>224374.38000000</valUSD>
        <pctVal>1.347630798957</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>Saudi Tadawul Group Holding Co</name>
        <lei>894500BXFAWZK686TP37</lei>
        <title>Saudi Tadawul Group Holding Co</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA15DHKGHBH4"/>
          <ticker value="TADAWULG"/>
          <other otherDesc="SEDOL" value="BMZQ749"/>
        </identifiers>
        <balance>7315.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75110000"/>
        <valUSD>397819.31000000</valUSD>
        <pctVal>2.389370633920</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shriram Finance Ltd</name>
        <lei>335800TM2YO24B76XL26</lei>
        <title>Shriram Finance Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE721A01047"/>
          <ticker value="SHFL"/>
          <other otherDesc="SEDOL" value="BS4DBX0"/>
        </identifiers>
        <balance>79655.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="85.47250000"/>
        <valUSD>611350.79000000</valUSD>
        <pctVal>3.671877125949</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JP MORGAN US GOVT CAPITAL</name>
        <lei>N/A</lei>
        <title>JP MORGAN US GOVT CAPITAL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="X9USDRGAN"/>
        </identifiers>
        <balance>107712.47000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>107712.47000000</valUSD>
        <pctVal>0.646939467883</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Full Truck Alliance Co Ltd</name>
        <lei>984500884LB1DP8DAC57</lei>
        <title>Full Truck Alliance Co Ltd</title>
        <cusip>35969L108</cusip>
        <identifiers>
          <isin value="US35969L1089"/>
          <ticker value="YMM"/>
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        <balance>48188.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>615360.76000000</valUSD>
        <pctVal>3.695961689770</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>Old Mutual Ltd</name>
        <lei>213800MON84ZWWPQCN47</lei>
        <title>Old Mutual Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000255360"/>
          <ticker value="OMU"/>
          <other otherDesc="SEDOL" value="BDVPYN5"/>
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        <balance>378050.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="18.39190000"/>
        <valUSD>244607.41000000</valUSD>
        <pctVal>1.469153828388</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AP Memory Technology Corp</name>
        <lei>529900A63PT4N736VY17</lei>
        <title>AP Memory Technology Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0006531007"/>
          <ticker value="6531"/>
          <other otherDesc="SEDOL" value="BWY5316"/>
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        <balance>9000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="33.20250000"/>
        <valUSD>68172.58000000</valUSD>
        <pctVal>0.409456144023</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Legend Biotech Corp</name>
        <lei>254900EIUFZTW136H859</lei>
        <title>Legend Biotech Corp</title>
        <cusip>52490G102</cusip>
        <identifiers>
          <isin value="US52490G1022"/>
          <ticker value="LEGN"/>
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        <balance>17905.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>607516.65000000</valUSD>
        <pctVal>3.648848627101</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Elite Material Co Ltd</name>
        <lei>N/A</lei>
        <title>Elite Material Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002383007"/>
          <ticker value="2383"/>
          <other otherDesc="SEDOL" value="6316121"/>
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        <balance>14000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="33.20250000"/>
        <valUSD>229801.97000000</valUSD>
        <pctVal>1.380229830309</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tongcheng Travel Holdings Ltd</name>
        <lei>2549004WGGNOPL8NUL61</lei>
        <title>Tongcheng Travel Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG8918W1069"/>
          <ticker value="780"/>
          <other otherDesc="SEDOL" value="BGM5R25"/>
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        <balance>82800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.78030000"/>
        <valUSD>222955.41000000</valUSD>
        <pctVal>1.339108223096</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>Andes Technology Corp</name>
        <lei>549300HYC94K4ELRHM60</lei>
        <title>Andes Technology Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0006533003"/>
          <ticker value="6533"/>
          <other otherDesc="SEDOL" value="BWT3K58"/>
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        <balance>17000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="33.20250000"/>
        <valUSD>162563.06000000</valUSD>
        <pctVal>0.976381467566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GT Capital Holdings Inc</name>
        <lei>254900P0ZPSRAHUO2131</lei>
        <title>GT Capital Holdings Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PHY290451046"/>
          <ticker value="GTCAP"/>
          <other otherDesc="SEDOL" value="B77H110"/>
        </identifiers>
        <balance>29250.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="57.22500000"/>
        <valUSD>260170.38000000</valUSD>
        <pctVal>1.562627680863</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BGF retail Co Ltd</name>
        <lei>N/A</lei>
        <title>BGF retail Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7282330000"/>
          <ticker value="282330"/>
          <other otherDesc="SEDOL" value="BD95QN1"/>
        </identifiers>
        <balance>2329.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1472.50000000"/>
        <valUSD>173034.02000000</valUSD>
        <pctVal>1.039271839411</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>Phoenix Mills Ltd/The</name>
        <lei>33580037PCXCE5PNQU51</lei>
        <title>Phoenix Mills Ltd/The</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE211B01039"/>
          <ticker value="PHNX"/>
          <other otherDesc="SEDOL" value="B0SXY97"/>
        </identifiers>
        <balance>17822.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="85.47250000"/>
        <valUSD>342646.96000000</valUSD>
        <pctVal>2.057996088792</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bharti Hexacom Ltd</name>
        <lei>335800GJ4U5YVWJGAP02</lei>
        <title>Bharti Hexacom Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE343G01021"/>
          <ticker value="BHARTIHE"/>
          <other otherDesc="SEDOL" value="BMDR2V6"/>
        </identifiers>
        <balance>7999.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="85.47250000"/>
        <valUSD>136990.68000000</valUSD>
        <pctVal>0.822789391276</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>M31 Technology Corp</name>
        <lei>N/A</lei>
        <title>M31 Technology Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0006643000"/>
          <ticker value="6643"/>
          <other otherDesc="SEDOL" value="BF0N865"/>
        </identifiers>
        <balance>19600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="33.20250000"/>
        <valUSD>343564.49000000</valUSD>
        <pctVal>2.063506930480</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Military Commercial Joint Stoc</name>
        <lei>5493007XE88E8JRNTJ93</lei>
        <title>Military Commercial Joint Stock Bank</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="VN000000MBB5"/>
          <ticker value="MBB"/>
          <other otherDesc="SEDOL" value="B6SDL09"/>
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        <balance>166710.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="VND" exchangeRt="25549.00000000"/>
        <valUSD>157255.12000000</valUSD>
        <pctVal>0.944501074524</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hugel Inc</name>
        <lei>N/A</lei>
        <title>Hugel Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7145020004"/>
          <ticker value="145020"/>
          <other otherDesc="SEDOL" value="BZ1G175"/>
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        <balance>3874.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1472.50000000"/>
        <valUSD>881351.44000000</valUSD>
        <pctVal>5.293547085232</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Mobile World Investment Corp</name>
        <lei>254900ZRFNB8CRAHHO95</lei>
        <title>Mobile World Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="VN000000MWG0"/>
          <ticker value="MWG"/>
          <other otherDesc="SEDOL" value="BP3RNW5"/>
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        <balance>50300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="VND" exchangeRt="25549.00000000"/>
        <valUSD>116157.19000000</valUSD>
        <pctVal>0.697659896661</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Inox Wind Ltd</name>
        <lei>335800JZWDBRD7XG2Z98</lei>
        <title>Inox Wind Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE066P01011"/>
          <ticker value="INXW"/>
          <other otherDesc="SEDOL" value="BWFGTS7"/>
        </identifiers>
        <balance>196050.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="85.47250000"/>
        <valUSD>373968.14000000</valUSD>
        <pctVal>2.246116438485</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TBC Bank Group PLC</name>
        <lei>213800T6NS9N2WQ3B328</lei>
        <title>TBC Bank Group PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BYT18307"/>
          <ticker value="TBCG"/>
          <other otherDesc="SEDOL" value="BYT1830"/>
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        <balance>2876.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77474300"/>
        <valUSD>153313.81000000</valUSD>
        <pctVal>0.920828894375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Advanced Nano Products Co Ltd</name>
        <lei>N/A</lei>
        <title>Advanced Nano Products Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7121600001"/>
          <ticker value="121600"/>
          <other otherDesc="SEDOL" value="B404429"/>
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        <balance>2186.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1472.50000000"/>
        <valUSD>85213.17000000</valUSD>
        <pctVal>0.511804834263</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>Mitra Adiperkasa Tbk PT</name>
        <lei>254900Z2B7Y7F69ZZZ04</lei>
        <title>Mitra Adiperkasa Tbk PT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ID1000099807"/>
          <ticker value="MAPI"/>
          <other otherDesc="SEDOL" value="B03VZ37"/>
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        <balance>1394900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="16560.00000000"/>
        <valUSD>113714.67000000</valUSD>
        <pctVal>0.682989704908</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>InPost SA</name>
        <lei>2221003M23QLERR89585</lei>
        <title>InPost SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="LU2290522684"/>
          <ticker value="INPST"/>
          <other otherDesc="SEDOL" value="BN4N9C0"/>
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        <balance>21798.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92575400"/>
        <valUSD>317873.86000000</valUSD>
        <pctVal>1.909204624519</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ecopro BM Co Ltd</name>
        <lei>N/A</lei>
        <title>Ecopro BM Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7247540008"/>
          <ticker value="247540"/>
          <other otherDesc="SEDOL" value="BJ321P7"/>
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        <balance>179.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1472.50000000"/>
        <valUSD>11694.26000000</valUSD>
        <pctVal>0.070237720309</pctVal>
        <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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GE Vernova T&amp;D India Ltd</name>
        <lei>549300NMRD6VZDFLN355</lei>
        <title>GE Vernova T&amp;D India Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE200A01026"/>
          <ticker value="GVTD"/>
          <other otherDesc="SEDOL" value="6139890"/>
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        <balance>5150.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="85.47250000"/>
        <valUSD>93919.83000000</valUSD>
        <pctVal>0.564098519362</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Senco Gold Ltd</name>
        <lei>549300D3BL7586VX0W90</lei>
        <title>Senco Gold Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE602W01027"/>
          <ticker value="SENCO"/>
          <other otherDesc="SEDOL" value="BSS9GR3"/>
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        <balance>25901.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="85.47250000"/>
        <valUSD>82531.08000000</valUSD>
        <pctVal>0.495695744225</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</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>Finolex Cables Ltd</name>
        <lei>335800KAEKSMUCIH3795</lei>
        <title>Finolex Cables Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE235A01022"/>
          <ticker value="FNXC"/>
          <other otherDesc="SEDOL" value="B1LDTB8"/>
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        <balance>23822.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="85.47250000"/>
        <valUSD>254559.35000000</valUSD>
        <pctVal>1.528926877581</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Gold Circuit Electronics Ltd</name>
        <lei>N/A</lei>
        <title>Gold Circuit Electronics Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002368008"/>
          <ticker value="2368"/>
          <other otherDesc="SEDOL" value="6107585"/>
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        <balance>12000.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="33.20250000"/>
        <valUSD>72645.13000000</valUSD>
        <pctVal>0.436319042228</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nam Long Investment Corp</name>
        <lei>N/A</lei>
        <title>Nam Long Investment Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="VN000000NLG1"/>
          <ticker value="NLG"/>
          <other otherDesc="SEDOL" value="B9FCRR9"/>
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        <balance>27200.00000000</balance>
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        <currencyConditional curCd="VND" exchangeRt="25549.00000000"/>
        <valUSD>36463.27000000</valUSD>
        <pctVal>0.219004619345</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Gentera SAB de CV</name>
        <lei>4469000001ECOWXFNE33</lei>
        <title>Gentera SAB de CV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MX01GE0E0004"/>
          <ticker value="GENTERA*"/>
          <other otherDesc="SEDOL" value="BHWQZW1"/>
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        <balance>98200.00000000</balance>
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        <currencyConditional curCd="MXN" exchangeRt="20.45825000"/>
        <valUSD>151344.62000000</valUSD>
        <pctVal>0.909001603340</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CENTRAL CHINA SECURITIES CO LT</name>
        <lei>529900XLC5JNS6K0M818</lei>
        <title>Central China Securities Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100001SS7"/>
          <ticker value="1375"/>
          <other otherDesc="SEDOL" value="BNB33V0"/>
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        <balance>235000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.78030000"/>
        <valUSD>46514.92000000</valUSD>
        <pctVal>0.279376543806</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Security Bank Corp</name>
        <lei>549300JSVDZIR2CPTP95</lei>
        <title>Security Bank Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PHY7571C1000"/>
          <ticker value="SECB"/>
          <other otherDesc="SEDOL" value="6792334"/>
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        <balance>93020.00000000</balance>
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        <currencyConditional curCd="PHP" exchangeRt="57.22500000"/>
        <valUSD>113785.93000000</valUSD>
        <pctVal>0.683417704624</pctVal>
        <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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ever Sunshine Services Group L</name>
        <lei>N/A</lei>
        <title>Ever Sunshine Services Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG2139U1067"/>
          <ticker value="1995"/>
          <other otherDesc="SEDOL" value="BNT8LB3"/>
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        <balance>662000.00000000</balance>
        <units>NS</units>
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        <valUSD>167620.79000000</valUSD>
        <pctVal>1.006759056669</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <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>AURAS Technology Co Ltd</name>
        <lei>N/A</lei>
        <title>AURAS Technology Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0003324000"/>
          <ticker value="3324"/>
          <other otherDesc="SEDOL" value="B015YP6"/>
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        <balance>11000.00000000</balance>
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        <valUSD>175589.19000000</valUSD>
        <pctVal>1.054618626280</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</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>UNO Minda Ltd</name>
        <lei>335800Y2G59FEIQRLG14</lei>
        <title>UNO Minda Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE405E01023"/>
          <ticker value="UNOMINDA"/>
          <other otherDesc="SEDOL" value="BYVC6Y8"/>
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        <balance>25417.00000000</balance>
        <units>NS</units>
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        <valUSD>260347.87000000</valUSD>
        <pctVal>1.563693716078</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</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>Solus Advanced Materials Co Lt</name>
        <lei>9884002P7C55T9XN1796</lei>
        <title>Solus Advanced Materials Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7336370002"/>
          <ticker value="336370"/>
          <other otherDesc="SEDOL" value="BJVLVG7"/>
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        <balance>12718.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1472.50000000"/>
        <valUSD>66418.62000000</valUSD>
        <pctVal>0.398921561081</pctVal>
        <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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>C&amp;C International Co Ltd</name>
        <lei>N/A</lei>
        <title>C&amp;C International Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7352480008"/>
          <ticker value="352480"/>
          <other otherDesc="SEDOL" value="BMD55Q6"/>
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        <balance>5654.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1472.50000000"/>
        <valUSD>144949.75000000</valUSD>
        <pctVal>0.870592923315</pctVal>
        <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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Zhihu Inc</name>
        <lei>N/A</lei>
        <title>Zhihu Inc</title>
        <cusip>98955N207</cusip>
        <identifiers>
          <isin value="US98955N2071"/>
          <ticker value="ZH"/>
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        <balance>78138.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>333649.26000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <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>
        <name>Rainbow Children's Medicare Lt</name>
        <lei>894500O094S259NC7H64</lei>
        <title>Rainbow Children's Medicare Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE961O01016"/>
          <ticker value="RAINBOW"/>
          <other otherDesc="SEDOL" value="BNG3NL5"/>
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        <balance>11178.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="85.47250000"/>
        <valUSD>183312.79000000</valUSD>
        <pctVal>1.101007885333</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bandhan Bank Ltd</name>
        <lei>335800Q13QAC32IOCH33</lei>
        <title>Bandhan Bank Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE545U01014"/>
          <ticker value="BANDHAN"/>
          <other otherDesc="SEDOL" value="BG1SV45"/>
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        <balance>641333.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="85.47250000"/>
        <valUSD>1097595.03000000</valUSD>
        <pctVal>6.592342972539</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>We Buy Cars Holdings Ltd</name>
        <lei>N/A</lei>
        <title>We Buy Cars Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000332789"/>
          <ticker value="WBC"/>
          <other otherDesc="SEDOL" value="BSB8C80"/>
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        <balance>134433.00000000</balance>
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        <currencyConditional curCd="ZAR" exchangeRt="18.39190000"/>
        <valUSD>307870.20000000</valUSD>
        <pctVal>1.849120936183</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Astor Transformator Enerji Tur</name>
        <lei>N/A</lei>
        <title>Astor Transformator Enerji Turizm Insaat Ve Petrol Sanayi Ticaret AS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TREASTR00013"/>
          <ticker value="ASTOR"/>
          <other otherDesc="SEDOL" value="BMHB9P7"/>
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        <balance>88575.00000000</balance>
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        <currencyConditional curCd="TRY" exchangeRt="37.96025000"/>
        <valUSD>265069.91000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cartrade Tech Ltd</name>
        <lei>984500F5CDO5D86C1326</lei>
        <title>Cartrade Tech Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE290S01011"/>
          <ticker value="CARTRADE"/>
          <other otherDesc="SEDOL" value="BNK8Z10"/>
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        <balance>20555.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Proya Cosmetics Co Ltd</name>
        <lei>N/A</lei>
        <title>Proya Cosmetics Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100002TP9"/>
          <ticker value="603605"/>
          <other otherDesc="SEDOL" value="BKM3FN4"/>
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        <balance>19800.00000000</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>Medlive Technology Co Ltd</name>
        <lei>N/A</lei>
        <title>Medlive Technology Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG5961B1041"/>
          <ticker value="2192"/>
          <other otherDesc="SEDOL" value="BN7RMD1"/>
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        <balance>154500.00000000</balance>
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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>Parque Arauco SA</name>
        <lei>2549001WW2PV1Y0UEU97</lei>
        <title>Parque Arauco SA</title>
        <cusip>000000000</cusip>
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          <isin value="CLP763281068"/>
          <ticker value="PARAUCO"/>
          <other otherDesc="SEDOL" value="2684349"/>
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        <balance>125507.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nutun Ltd</name>
        <lei>213800LKDMT3FP3FQU40</lei>
        <title>Nutun Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000167391"/>
          <ticker value="NTU"/>
          <other otherDesc="SEDOL" value="B7WF5R3"/>
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        <balance>347723.00000000</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>Wiwynn Corp</name>
        <lei>254900FV2R15PMKXFL69</lei>
        <title>Wiwynn Corp</title>
        <cusip>000000000</cusip>
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          <isin value="TW0006669005"/>
          <ticker value="6669"/>
          <other otherDesc="SEDOL" value="BF4QXG5"/>
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        <balance>3000.00000000</balance>
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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>Ginlong Technologies Co Ltd</name>
        <lei>N/A</lei>
        <title>Ginlong Technologies Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100003JZ7"/>
          <ticker value="300763"/>
          <other otherDesc="SEDOL" value="BMQBTQ9"/>
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        <balance>15100.00000000</balance>
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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>Poya International Co Ltd</name>
        <lei>N/A</lei>
        <title>Poya International Co Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="TW0005904007"/>
          <ticker value="5904"/>
          <other otherDesc="SEDOL" value="6541826"/>
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        <balance>18040.00000000</balance>
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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>Kingsoft Corp Ltd</name>
        <lei>529900UVT35D3Q7YQY41</lei>
        <title>Kingsoft Corp Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="KYG5264Y1089"/>
          <ticker value="3888"/>
          <other otherDesc="SEDOL" value="B27WRM3"/>
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        <balance>14000.00000000</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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      <invstOrSec>
        <name>Xtep International Holdings Lt</name>
        <lei>529900ZZZZBTOKZQI549</lei>
        <title>Xtep International Holdings Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="KYG982771092"/>
          <ticker value="1368"/>
          <other otherDesc="SEDOL" value="B2RJYH8"/>
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        <balance>234500.00000000</balance>
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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>Action Construction Equipment</name>
        <lei>335800E2SPJUKN6OTB20</lei>
        <title>Action Construction Equipment Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE731H01025"/>
          <ticker value="ACCE"/>
          <other otherDesc="SEDOL" value="B131PK1"/>
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        <balance>13028.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CTI</name>
        <lei>8368009FQ1ZOBVGD5Y61</lei>
        <title>Centre Testing International Group Co Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="CNE100000GV8"/>
          <ticker value="300012"/>
          <other otherDesc="SEDOL" value="B4VM756"/>
        </identifiers>
        <balance>58200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.25170000"/>
        <valUSD>103371.07000000</valUSD>
        <pctVal>0.620864278948</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>Hongfa Technology Co Ltd</name>
        <lei>N/A</lei>
        <title>Hongfa Technology Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE000000JK6"/>
          <ticker value="600885"/>
          <other otherDesc="SEDOL" value="BYQDM93"/>
        </identifiers>
        <balance>24100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.26590000"/>
        <valUSD>122160.09000000</valUSD>
        <pctVal>0.733714338007</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>Grupo SBF SA</name>
        <lei>N/A</lei>
        <title>Grupo SBF SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRSBFGACNOR1"/>
          <ticker value="SBFG3"/>
          <other otherDesc="SEDOL" value="BNDRCL3"/>
        </identifiers>
        <balance>189800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.72765000"/>
        <valUSD>388371.50000000</valUSD>
        <pctVal>2.332625475499</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </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>2025-05-22</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>
