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        <curCd>USD</curCd>
        <valUSD>1212066.90000000</valUSD>
        <pctVal>0.211881312557</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MercadoLibre Inc</name>
        <lei>549300DKPDN9M5S8GB14</lei>
        <title>MercadoLibre, Inc.</title>
        <cusip>58733R102</cusip>
        <identifiers>
          <isin value="US58733R1023"/>
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        <balance>549.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1030994.55000000</valUSD>
        <pctVal>0.180228070326</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>ASMPT Ltd</name>
        <lei>529900PYFA1HFYKPT360</lei>
        <title>ASMPT Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG0535Q1331"/>
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        <balance>54000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84240000"/>
        <valUSD>1036236.27000000</valUSD>
        <pctVal>0.181144374957</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Accton Technology Corp</name>
        <lei>529900M1YRZ0GWMDF920</lei>
        <title>Accton Technology Corp.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002345006"/>
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        <balance>17500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.31900000"/>
        <valUSD>1134296.42000000</valUSD>
        <pctVal>0.198286261508</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Realtek Semiconductor Corp</name>
        <lei>5299002E7F36O00MYY75</lei>
        <title>Realtek Semiconductor Corp.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002379005"/>
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        <balance>123000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.31900000"/>
        <valUSD>2550625.43000000</valUSD>
        <pctVal>0.445874616286</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANTAM Persero Tbk PT</name>
        <lei>529900LRE2NALSSHMB80</lei>
        <title>ANTAM Persero Tbk. PT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ID1000106602"/>
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        <balance>7974822.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="17994.00000000"/>
        <valUSD>1270923.80000000</valUSD>
        <pctVal>0.222170082282</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IndusInd Bank Ltd</name>
        <lei>335800JDVJ8HSXG9G512</lei>
        <title>IndusInd Bank Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE095A01012"/>
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        <balance>333700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="95.41500000"/>
        <valUSD>3538880.95000000</valUSD>
        <pctVal>0.618631480384</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Overseas Land &amp; Investment Ltd</name>
        <lei>529900I6W35GYKRIZ151</lei>
        <title>China Overseas Land &amp; Investment Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0688002218"/>
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        <balance>4154387.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84240000"/>
        <valUSD>7145457.70000000</valUSD>
        <pctVal>1.249096857856</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Resources Land Ltd</name>
        <lei>5299001HL0TU7X15HK51</lei>
        <title>China Resources Land Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG2108Y1052"/>
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        <balance>960000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84240000"/>
        <valUSD>4061391.86000000</valUSD>
        <pctVal>0.709971568490</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="3860950.17000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>SK Telecom Co Ltd</name>
        <lei>9884003WEA1PHW006037</lei>
        <title>SK Telecom Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7017670001"/>
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        <balance>40649.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1425.70000000"/>
        <valUSD>2297009.84000000</valUSD>
        <pctVal>0.401540096390</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Delta Electronics Inc</name>
        <lei>529900UVZWNWGDLJSM52</lei>
        <title>Delta Electronics, Inc.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002308004"/>
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        <balance>40000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.31900000"/>
        <valUSD>1967904.60000000</valUSD>
        <pctVal>0.344009237143</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Gold Fields Ltd</name>
        <lei>5299003KXIBJQYCBBD72</lei>
        <title>Gold Fields Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000018123"/>
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        <balance>30042.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.52125000"/>
        <valUSD>970144.35000000</valUSD>
        <pctVal>0.169590851997</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</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"/>
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        <balance>12000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.31900000"/>
        <valUSD>1722631.00000000</valUSD>
        <pctVal>0.301132979815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LG Chem Ltd</name>
        <lei>988400IES4EIG7O06940</lei>
        <title>LG Chem Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7051910008"/>
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        <balance>7191.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1425.70000000"/>
        <valUSD>1273654.79000000</valUSD>
        <pctVal>0.222647486414</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fortune Electric Co Ltd</name>
        <lei>N/A</lei>
        <title>Fortune Electric Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0001519007"/>
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        <balance>98000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.31900000"/>
        <valUSD>2117866.42000000</valUSD>
        <pctVal>0.370224050249</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MediaTek Inc</name>
        <lei>254900UEGBK1I4DM4E14</lei>
        <title>MediaTek, Inc.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002454006"/>
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        <balance>20000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.31900000"/>
        <valUSD>2130553.66000000</valUSD>
        <pctVal>0.372441905603</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Shinhan Financial Group Co Ltd</name>
        <lei>988400EB8A6G49E5KO54</lei>
        <title>Shinhan Financial Group Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7055550008"/>
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        <balance>16783.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1425.70000000"/>
        <valUSD>1165074.61000000</valUSD>
        <pctVal>0.203666594306</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hon Hai Precision Industry Co Ltd</name>
        <lei>30030004CM3GSZXX7O56</lei>
        <title>Hon Hai Precision Industry Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002317005"/>
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        <balance>781000.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="32.31900000"/>
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        <pctVal>1.042654070569</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Capitec Bank Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Capitec Bank Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000035861"/>
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        <balance>13488.00000000</balance>
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        <currencyConditional curCd="ZAR" exchangeRt="16.52125000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bharti Airtel Ltd</name>
        <lei>335800KQ1FPKOQ84OR26</lei>
        <title>Bharti Airtel Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE397D01024"/>
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        <balance>249108.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="95.41500000"/>
        <valUSD>5146402.43000000</valUSD>
        <pctVal>0.899642174717</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HD Korea Shipbuilding &amp; Offshore Engineering Co Ltd</name>
        <lei>988400DPTJ9KH5R6W540</lei>
        <title>HD Korea Shipbuilding &amp; Offshore Engineering Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7009540006"/>
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        <balance>6450.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1425.70000000"/>
        <valUSD>1712861.09000000</valUSD>
        <pctVal>0.299425102672</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hyundai Mobis Co Ltd</name>
        <lei>988400HJA9E0ZVDHRS65</lei>
        <title>Hyundai Mobis Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7012330007"/>
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        <balance>11398.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1425.70000000"/>
        <valUSD>3686180.36000000</valUSD>
        <pctVal>0.644380877822</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SK hynix Inc</name>
        <lei>988400XAIK6XISWQV045</lei>
        <title>SK Hynix, Inc.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7000660001"/>
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        <balance>3746.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1425.70000000"/>
        <valUSD>4254163.62000000</valUSD>
        <pctVal>0.743669983596</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Largan Precision Co Ltd</name>
        <lei>N/A</lei>
        <title>Largan Precision Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0003008009"/>
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        <balance>13000.00000000</balance>
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        <currencyConditional curCd="TWD" exchangeRt="32.31900000"/>
        <valUSD>1611578.80000000</valUSD>
        <pctVal>0.281719954100</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Galaxy Entertainment Group Ltd</name>
        <lei>549300ZSEBV3HR826S10</lei>
        <title>Galaxy Entertainment Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0027032686"/>
        </identifiers>
        <balance>891000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84240000"/>
        <valUSD>3885644.48000000</valUSD>
        <pctVal>0.679249183815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kia Corp</name>
        <lei>988400V8MJK9N7OI5X76</lei>
        <title>Kia Corp.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7000270009"/>
        </identifiers>
        <balance>27723.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1425.70000000"/>
        <valUSD>2499511.87000000</valUSD>
        <pctVal>0.436939459174</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Korea Electric Power Corp</name>
        <lei>988400QG33WS7JEIV602</lei>
        <title>Korea Electric Power Corp.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7015760002"/>
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        <balance>108732.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1425.70000000"/>
        <valUSD>2612868.63000000</valUSD>
        <pctVal>0.456755344828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lite-On Technology Corp</name>
        <lei>2549005GU1PQ73SZBT32</lei>
        <title>Lite-On Technology Corp.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002301009"/>
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        <balance>337000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.31900000"/>
        <valUSD>2135663.50000000</valUSD>
        <pctVal>0.373335156303</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BYD Co Ltd</name>
        <lei>5299005557VL7ULJ7A69</lei>
        <title>BYD Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000296"/>
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        <balance>231600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84240000"/>
        <valUSD>2768738.96000000</valUSD>
        <pctVal>0.484003024069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MTN Group Ltd</name>
        <lei>2549009JD6Q6XHZS5E05</lei>
        <title>MTN Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000042164"/>
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        <balance>144049.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.52125000"/>
        <valUSD>1785785.09000000</valUSD>
        <pctVal>0.312172940961</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FirstRand Ltd</name>
        <lei>529900XYOP8CUZU7R671</lei>
        <title>FirstRand Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000066304"/>
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        <balance>537976.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.52125000"/>
        <valUSD>3217403.61000000</valUSD>
        <pctVal>0.562434053693</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank Mandiri Persero Tbk PT</name>
        <lei>549300RSKQN4Z5ZSGH94</lei>
        <title>Bank Mandiri Persero Tbk. PT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ID1000095003"/>
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        <balance>14407500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="17994.00000000"/>
        <valUSD>3352190.29000000</valUSD>
        <pctVal>0.585996101855</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wistron Corp</name>
        <lei>254900DIEONKUALBFM06</lei>
        <title>Wistron Corp.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0003231007"/>
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        <balance>406000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.31900000"/>
        <valUSD>2177375.02000000</valUSD>
        <pctVal>0.380626743596</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PICC Property &amp; Casualty Co Ltd</name>
        <lei>300300F1000311000017</lei>
        <title>PICC Property &amp; Casualty Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000593"/>
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        <balance>1402000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84240000"/>
        <valUSD>2926037.86000000</valUSD>
        <pctVal>0.511500431511</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Resources Power Holdings Co Ltd</name>
        <lei>529900K60FC0AI053735</lei>
        <title>China Resources Power Holdings Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0836012952"/>
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        <balance>1874000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84240000"/>
        <valUSD>4616940.61000000</valUSD>
        <pctVal>0.807086998620</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2364688.93000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Zijin Mining Group Co Ltd</name>
        <lei>836800JRNL2393Z2I561</lei>
        <title>Zijin Mining Group Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000502"/>
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        <balance>246000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84240000"/>
        <valUSD>1044510.91000000</valUSD>
        <pctVal>0.182590864078</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Samsung SDI Co Ltd</name>
        <lei>9884002AESDO4YW87G32</lei>
        <title>Samsung SDI Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7006400006"/>
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        <balance>4281.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1425.70000000"/>
        <valUSD>1167349.02000000</valUSD>
        <pctVal>0.204064183726</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Samsung Electro-Mechanics Co Ltd</name>
        <lei>N/A</lei>
        <title>Samsung Electro-Mechanics Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7009150004"/>
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        <balance>2564.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1425.70000000"/>
        <valUSD>1959272.27000000</valUSD>
        <pctVal>0.342500220264</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Samsung Electronics Co Ltd</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>Samsung Electronics Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7005930003"/>
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        <balance>134666.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1425.70000000"/>
        <valUSD>23439262.20000000</valUSD>
        <pctVal>4.097415448207</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kasikornbank PCL</name>
        <lei>5493004COSQ54937AW41</lei>
        <title>Kasikornbank PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0016010017"/>
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        <balance>598300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.39250000"/>
        <valUSD>4365242.74000000</valUSD>
        <pctVal>0.763087715194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Taiwan Semiconductor Manufacturing Co Ltd</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>Taiwan Semiconductor Manufacturing Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002330008"/>
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        <balance>514475.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.31900000"/>
        <valUSD>38053266.19000000</valUSD>
        <pctVal>6.652088253086</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Petroleo Brasileiro SA - Petrobras</name>
        <lei>5493000J801JZRCMFE49</lei>
        <title>Petroleo Brasileiro SA - Petrobras</title>
        <cusip>71654V408</cusip>
        <identifiers>
          <isin value="US71654V4086"/>
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        <balance>451356.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8756306.40000000</valUSD>
        <pctVal>1.530689183236</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>
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      <invstOrSec>
        <name>OTP Bank Nyrt</name>
        <lei>529900W3MOO00A18X956</lei>
        <title>OTP Bank Nyrt</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HU0000061726"/>
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        <balance>32583.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HUF" exchangeRt="316.39430000"/>
        <valUSD>4826904.27000000</valUSD>
        <pctVal>0.843790728315</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State Street Global Advisors</name>
        <lei>549300BZ5TGIFZUZDZ37</lei>
        <title>State Street Institutional U.S. Government Money Market Fund, 3.619%</title>
        <cusip>857492706</cusip>
        <identifiers>
          <isin value="US8574927062"/>
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        <balance>4253405.52000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4253405.52000000</valUSD>
        <pctVal>0.743537460199</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State Street Global Advisors</name>
        <lei>549300BZ5TGIFZUZDZ37</lei>
        <title>State Street Institutional U.S. Government Money Market Fund, 3.619%</title>
        <cusip>857492706</cusip>
        <identifiers>
          <isin value="US8574927062"/>
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        <balance>415152.59000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>415152.59000000</valUSD>
        <pctVal>0.072572789242</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sociedad Quimica y Minera de Chile SA</name>
        <lei>TJ88LXZZW5PWIN93ZC81</lei>
        <title>Sociedad Quimica y Minera de Chile SA</title>
        <cusip>833635105</cusip>
        <identifiers>
          <isin value="US8336351056"/>
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        <balance>5951.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>399074.06000000</valUSD>
        <pctVal>0.069762102768</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Southern Copper Corp</name>
        <lei>2549007U6NAP46Q9TU15</lei>
        <title>Southern Copper Corp.</title>
        <cusip>84265V105</cusip>
        <identifiers>
          <isin value="US84265V1052"/>
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        <balance>3259.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>595451.89000000</valUSD>
        <pctVal>0.104090894667</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>Taiwan Semiconductor Manufacturing Co Ltd</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>Taiwan Semiconductor Manufacturing Co. Ltd.</title>
        <cusip>874039100</cusip>
        <identifiers>
          <isin value="US8740391003"/>
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        <balance>39237.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15861557.25000000</valUSD>
        <pctVal>2.772757485036</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>Tencent Music Entertainment Group</name>
        <lei>213800XTZK2GOHQTYK41</lei>
        <title>Tencent Music Entertainment Group</title>
        <cusip>88034P109</cusip>
        <identifiers>
          <isin value="US88034P1093"/>
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        <balance>297847.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2814654.15000000</valUSD>
        <pctVal>0.492029454560</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Trip.com Group Ltd</name>
        <lei>2549004RMYDSRQL4KW41</lei>
        <title>Trip.com Group Ltd.</title>
        <cusip>89677Q107</cusip>
        <identifiers>
          <isin value="US89677Q1076"/>
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        <balance>106732.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5017471.32000000</valUSD>
        <pctVal>0.877103738252</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vale SA</name>
        <lei>254900SMTWBX7RU2SR20</lei>
        <title>Vale SA</title>
        <cusip>91912E105</cusip>
        <identifiers>
          <isin value="US91912E1055"/>
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        <balance>136711.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2058867.66000000</valUSD>
        <pctVal>0.359910481990</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>Vista Energy SAB de CV</name>
        <lei>549300UDOHP7958KNS89</lei>
        <title>Vista Energy SAB de CV</title>
        <cusip>92837L109</cusip>
        <identifiers>
          <isin value="US92837L1098"/>
        </identifiers>
        <balance>73974.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5211468.30000000</valUSD>
        <pctVal>0.911016333963</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YPF SA</name>
        <lei>5493003N7447U18U5U53</lei>
        <title>YPF SA</title>
        <cusip>984245100</cusip>
        <identifiers>
          <isin value="US9842451000"/>
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        <balance>13018.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>683965.72000000</valUSD>
        <pctVal>0.119563989824</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="667363.55000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alrosa PJSC</name>
        <lei>894500DKUWVBYZLLE651</lei>
        <title>Alrosa PJSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="RU0007252813"/>
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        <balance>215380.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="79.50000000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hankook Tire &amp; Technology Co Ltd</name>
        <lei>9884001BIEVM09M7AH02</lei>
        <title>Hankook Tire &amp; Technology Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7161390000"/>
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        <balance>37777.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1425.70000000"/>
        <valUSD>1759860.04000000</valUSD>
        <pctVal>0.307640985157</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State Bank of India</name>
        <lei>5493001JZ37UBBZF6L49</lei>
        <title>State Bank of India</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE062A01020"/>
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        <balance>570322.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="95.41500000"/>
        <valUSD>6138046.51000000</valUSD>
        <pctVal>1.072991392702</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of Baroda</name>
        <lei>549300CQ6M9Q0TJEZR23</lei>
        <title>Bank of Baroda</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE028A01039"/>
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        <balance>369832.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="95.41500000"/>
        <valUSD>940025.49000000</valUSD>
        <pctVal>0.164325776620</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Samsung Biologics Co Ltd</name>
        <lei>N/A</lei>
        <title>Samsung Biologics Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7207940008"/>
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        <balance>1673.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1425.70000000"/>
        <valUSD>1721246.39000000</valUSD>
        <pctVal>0.300890936258</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bharat Electronics Ltd</name>
        <lei>335800HS8AOTM9W1F335</lei>
        <title>Bharat Electronics Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE263A01024"/>
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        <balance>235874.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="95.41500000"/>
        <valUSD>958689.86000000</valUSD>
        <pctVal>0.167588493566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HD Hyundai Electric Co Ltd</name>
        <lei>988400CSDKM9UHLHGB91</lei>
        <title>HD Hyundai Electric Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7267260008"/>
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        <balance>2763.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1425.70000000"/>
        <valUSD>1277691.33000000</valUSD>
        <pctVal>0.223353113630</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ASE Technology Holding Co Ltd</name>
        <lei>300300GO8QHPMV87NZ73</lei>
        <title>ASE Technology Holding Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0003711008"/>
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        <balance>230000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.31900000"/>
        <valUSD>3924833.65000000</valUSD>
        <pctVal>0.686099839318</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HDFC Asset Management Co Ltd</name>
        <lei>3358002FLK8AK8WSEP31</lei>
        <title>HDFC Asset Management Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE127D01025"/>
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        <balance>41920.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="95.41500000"/>
        <valUSD>1148485.37000000</valUSD>
        <pctVal>0.200766630661</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Meituan</name>
        <lei>21380033K525E5JLIA77</lei>
        <title>Meituan</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG596691041"/>
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        <balance>266200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84240000"/>
        <valUSD>3142884.07000000</valUSD>
        <pctVal>0.549407299191</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Eicher Motors Ltd</name>
        <lei>25490059S64CN2OY7239</lei>
        <title>Eicher Motors Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE066A01021"/>
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        <balance>25598.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="95.41500000"/>
        <valUSD>2100242.12000000</valUSD>
        <pctVal>0.367143147853</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Lodha Developers Ltd</name>
        <lei>254900B5QCN52ETNU557</lei>
        <title>Lodha Developers Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE670K01029"/>
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        <balance>178163.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="95.41500000"/>
        <valUSD>2322357.53000000</valUSD>
        <pctVal>0.405971123941</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>America Movil SAB de CV</name>
        <lei>5493000FNR3UCEAONM59</lei>
        <title>America Movil SAB de CV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MX01AM050019"/>
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        <balance>2951188.00000000</balance>
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        <currencyConditional curCd="MXN" exchangeRt="17.31950000"/>
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        <pctVal>0.657400337506</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="1555555.77000000"/>
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      <invstOrSec>
        <name>APR Corp/Korea</name>
        <lei>N/A</lei>
        <title>APR Corp.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7278470000"/>
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        <balance>6016.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1425.70000000"/>
        <valUSD>1335159.91000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HD Hyundai Marine Solution Co Ltd</name>
        <lei>988400NV4TGR7O3GJM74</lei>
        <title>HD Hyundai Marine Solution Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7443060009"/>
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        <balance>12567.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1425.70000000"/>
        <valUSD>1596039.92000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Contemporary Amperex Technology Co Ltd</name>
        <lei>300300KINDY1K0E9I032</lei>
        <title>Contemporary Amperex Technology Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100006WS8"/>
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        <balance>23600.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84240000"/>
        <valUSD>1868288.17000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Naspers Ltd</name>
        <lei>21380044BQ8812EEKT59</lei>
        <title>Naspers Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000351946"/>
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        <balance>132572.00000000</balance>
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        <currencyConditional curCd="ZAR" exchangeRt="16.52125000"/>
        <valUSD>6965681.22000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Piraeus Bank SA</name>
        <lei>213800OYHR1MPQ5VJL60</lei>
        <title>Piraeus Bank SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GRS831003009"/>
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        <balance>235629.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86719000"/>
        <valUSD>2748391.83000000</valUSD>
        <pctVal>0.480446143990</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Eurobank SA</name>
        <lei>213800KGF4EFNUQKAT69</lei>
        <title>Eurobank SA</title>
        <cusip>000000000</cusip>
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          <isin value="GRS829003003"/>
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        <balance>677445.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86719000"/>
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        <pctVal>0.611961835305</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VPS Securities JSC</name>
        <lei>N/A</lei>
        <title>VPS Securities JSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="VN000000VCK5"/>
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        <balance>427700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="VND" exchangeRt="26300.50000000"/>
        <valUSD>503933.95000000</valUSD>
        <pctVal>0.088092651295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhongji Innolight Co Ltd</name>
        <lei>655600K7YZDKAI214O83</lei>
        <title>Zhongji Innolight Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100007SR6"/>
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        <balance>5500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84240000"/>
        <valUSD>720952.77000000</valUSD>
        <pctVal>0.126029692915</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>Banco Bradesco SA</name>
        <lei>549300CTUU1RFXHQJE44</lei>
        <title>Banco Bradesco SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRBBDCACNOR1"/>
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        <balance>52846.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.06915000"/>
        <valUSD>166696.10000000</valUSD>
        <pctVal>0.029140131181</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>Li Ning Co Ltd</name>
        <lei>529900T77L2FV3FZ3U81</lei>
        <title>Li Ning Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG5496K1242"/>
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        <balance>1211500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84240000"/>
        <valUSD>2340400.06000000</valUSD>
        <pctVal>0.409125137088</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Standard Bank Group Ltd</name>
        <lei>2549003PEZXUT7MDBU41</lei>
        <title>Standard Bank Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000109815"/>
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        <balance>99083.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.52125000"/>
        <valUSD>1972942.54000000</valUSD>
        <pctVal>0.344889919010</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Itau Unibanco Holding SA</name>
        <lei>5493002W2IVG62O3ZJ94</lei>
        <title>Itau Unibanco Holding SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRITUBACNPR1"/>
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        <balance>766029.00000000</balance>
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        <currencyConditional curCd="BRL" exchangeRt="5.06915000"/>
        <valUSD>6481359.56000000</valUSD>
        <pctVal>1.133005918016</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KOC Holding AS</name>
        <lei>7890005U0H950VH19H45</lei>
        <title>KOC Holding AS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TRAKCHOL91Q8"/>
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        <balance>953748.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="47.51875000"/>
        <valUSD>3945949.68000000</valUSD>
        <pctVal>0.689791130741</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Powszechna Kasa Oszczednosci Bank Polski SA</name>
        <lei>P4GTT6GF1W40CVIMFR43</lei>
        <title>Powszechna Kasa Oszczednosci Bank Polski SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PLPKO0000016"/>
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        <balance>65735.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.73565000"/>
        <valUSD>1968952.53000000</valUSD>
        <pctVal>0.344192425698</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Localiza Rent a Car SA</name>
        <lei>984500C442A7E0CD4D11</lei>
        <title>Localiza Rent a Car SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRRENTACNOR4"/>
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        <balance>293000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.06915000"/>
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        <pctVal>0.380015992713</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Lojas Renner SA</name>
        <lei>52990032N7OAAM138D78</lei>
        <title>Lojas Renner SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRLRENACNOR1"/>
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        <balance>386540.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.06915000"/>
        <valUSD>1037046.45000000</valUSD>
        <pctVal>0.181286002455</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BIM Birlesik Magazalar AS</name>
        <lei>7890001GCDJQD8DJKE29</lei>
        <title>BIM Birlesik Magazalar AS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TREBIMM00018"/>
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        <balance>159290.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="47.51875000"/>
        <valUSD>1308320.62000000</valUSD>
        <pctVal>0.228707417232</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hindalco Industries Ltd</name>
        <lei>335800KXLE5NO5B4GF90</lei>
        <title>Hindalco Industries Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE038A01020"/>
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        <balance>471110.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="95.41500000"/>
        <valUSD>4827395.95000000</valUSD>
        <pctVal>0.843876678854</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Aldar Properties PJSC</name>
        <lei>98450048CD8AEF13B480</lei>
        <title>Aldar Properties PJSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AEA002001013"/>
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        <balance>889435.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.67300000"/>
        <valUSD>1794421.43000000</valUSD>
        <pctVal>0.313682658828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hana Financial Group Inc</name>
        <lei>N/A</lei>
        <title>Hana Financial Group, Inc.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7086790003"/>
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        <balance>29424.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1425.70000000"/>
        <valUSD>2543381.45000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bank of China Ltd</name>
        <lei>54930053HGCFWVHYZX42</lei>
        <title>Bank of China Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000001Z5"/>
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        <balance>1887000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GMR Airports Ltd</name>
        <lei>3358008S2MTRWZ255P70</lei>
        <title>GMR Airports Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE776C01039"/>
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        <balance>3502706.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Impala Platinum Holdings Ltd</name>
        <lei>254900BZFIFB4PD2Z778</lei>
        <title>Impala Platinum Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000083648"/>
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        <balance>110725.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Industrial &amp; Commercial Bank of China Ltd</name>
        <lei>5493002ERZU2K9PZDL40</lei>
        <title>Industrial &amp; Commercial Bank of China Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="CNE1000003G1"/>
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        <balance>4167000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Halyk Savings Bank of Kazakhstan JSC</name>
        <lei>213800NYDTVQM4SDUD67</lei>
        <title>Halyk Savings Bank of Kazakhstan JSC</title>
        <cusip>46627J302</cusip>
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          <isin value="US46627J3023"/>
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        <balance>23045.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>737124.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Marico Ltd</name>
        <lei>3358003SFDQFGJPC5O84</lei>
        <title>Marico Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE196A01026"/>
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        <balance>243061.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Power Finance Corp Ltd</name>
        <lei>3358003Q6D9LIJJZ1614</lei>
        <title>Power Finance Corp. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE134E01011"/>
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        <balance>262392.00000000</balance>
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        <valUSD>1166374.18000000</valUSD>
        <pctVal>0.203893772028</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cia de Saneamento Basico do Estado de Sao Paulo SABESP</name>
        <lei>254900UOXRZRS2TNWP19</lei>
        <title>Cia de Saneamento Basico do Estado de Sao Paulo SABESP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRSBSPACNOR5"/>
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        <balance>427000.00000000</balance>
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        <valUSD>2333310.32000000</valUSD>
        <pctVal>0.407885780237</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Emirates NBD Bank PJSC</name>
        <lei>54930029BCN8HF3B1286</lei>
        <title>Emirates NBD Bank PJSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AEE000801010"/>
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        <balance>188029.00000000</balance>
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        <currencyConditional curCd="AED" exchangeRt="3.67300000"/>
        <valUSD>1544319.70000000</valUSD>
        <pctVal>0.269962396501</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hoa Phat Group JSC</name>
        <lei>549300ODJEFGL5CWKD32</lei>
        <title>Hoa Phat Group JSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="VN000000HPG4"/>
        </identifiers>
        <balance>1101743.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="VND" exchangeRt="26300.50000000"/>
        <valUSD>907637.34000000</valUSD>
        <pctVal>0.158664006851</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>eMemory Technology Inc</name>
        <lei>N/A</lei>
        <title>eMemory Technology, Inc.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0003529004"/>
        </identifiers>
        <balance>22000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.31900000"/>
        <valUSD>1652915.26000000</valUSD>
        <pctVal>0.288945977186</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REC Ltd</name>
        <lei>335800B4YRYWAMIJZ374</lei>
        <title>REC Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE020B01018"/>
        </identifiers>
        <balance>139335.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="95.41500000"/>
        <valUSD>544395.27000000</valUSD>
        <pctVal>0.095165691231</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KB Financial Group Inc</name>
        <lei>529900TKE4MXG3Q6GW86</lei>
        <title>KB Financial Group, Inc.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7105560007"/>
        </identifiers>
        <balance>32945.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1425.70000000"/>
        <valUSD>3855776.21000000</valUSD>
        <pctVal>0.674027914056</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alchip Technologies Ltd</name>
        <lei>529900HKE9RIY07SLX84</lei>
        <title>Alchip Technologies Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG022421088"/>
        </identifiers>
        <balance>25500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.31900000"/>
        <valUSD>2353490.94000000</valUSD>
        <pctVal>0.411413552717</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AIA Group Ltd</name>
        <lei>ZP5ILWVSYE4LJGMMVD57</lei>
        <title>AIA Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0000069689"/>
        </identifiers>
        <balance>229200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84240000"/>
        <valUSD>2310540.02000000</valUSD>
        <pctVal>0.403905306014</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chailease Holding Co Ltd</name>
        <lei>529900L76E6T0JCM3J27</lei>
        <title>Chailease Holding Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG202881093"/>
        </identifiers>
        <balance>225229.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.31900000"/>
        <valUSD>773198.43000000</valUSD>
        <pctVal>0.135162752333</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Masan Group Corp</name>
        <lei>254900M1892CMJ87XD24</lei>
        <title>Masan Group Corp.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="VN000000MSN4"/>
        </identifiers>
        <balance>489200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="VND" exchangeRt="26300.50000000"/>
        <valUSD>1227492.66000000</valUSD>
        <pctVal>0.214577888362</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rosneft Oil Co PJSC</name>
        <lei>253400JT3MQWNDKMJE44</lei>
        <title>Rosneft Oil Co. PJSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="RU000A0J2Q06"/>
        </identifiers>
        <balance>126429.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="79.50000000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sands China Ltd</name>
        <lei>549300EVO6UZDGY05787</lei>
        <title>Sands China Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG7800X1079"/>
        </identifiers>
        <balance>628953.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84240000"/>
        <valUSD>1179476.87000000</valUSD>
        <pctVal>0.206184252162</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AAC Technologies Holdings Inc</name>
        <lei>549300SKEDE1VKS0A552</lei>
        <title>AAC Technologies Holdings, Inc.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG2953R1149"/>
        </identifiers>
        <balance>462500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84240000"/>
        <valUSD>2272626.06000000</valUSD>
        <pctVal>0.397277569864</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yunnan Aluminium Co Ltd</name>
        <lei>3003008AXWSVMLG3MX37</lei>
        <title>Yunnan Aluminium Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE000000VG9"/>
        </identifiers>
        <balance>706000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.74755000"/>
        <valUSD>2790666.38000000</valUSD>
        <pctVal>0.487836154510</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Beijing Oriental Yuhong Waterproof Technology Co Ltd</name>
        <lei>300300XMIXB7STDZWT60</lei>
        <title>Beijing Oriental Yuhong Waterproof Technology Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000CS3"/>
        </identifiers>
        <balance>1532350.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.74755000"/>
        <valUSD>2697912.52000000</valUSD>
        <pctVal>0.471621860066</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Beijing New Building Materials PLC</name>
        <lei>3003000VY5ALEC09Q824</lei>
        <title>Beijing New Building Materials PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE000000QS4"/>
        </identifiers>
        <balance>830535.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.74755000"/>
        <valUSD>2373760.87000000</valUSD>
        <pctVal>0.414956937470</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shenzhen Inovance Technology Co Ltd</name>
        <lei>836800KA53998FUTIA85</lei>
        <title>Shenzhen Inovance Technology Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000V46"/>
        </identifiers>
        <balance>270900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.74755000"/>
        <valUSD>2572044.53000000</valUSD>
        <pctVal>0.449618887351</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zoomlion Heavy Industry Science and Technology Co Ltd</name>
        <lei>529900QZ3EMAU0QKFK85</lei>
        <title>Zoomlion Heavy Industry Science &amp; Technology Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE000001527"/>
        </identifiers>
        <balance>4449600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.74755000"/>
        <valUSD>5011222.73000000</valUSD>
        <pctVal>0.876011422761</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Weichai Power Co Ltd</name>
        <lei>529900OKTPKBG85F9502</lei>
        <title>Weichai Power Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000000D4"/>
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        <balance>495200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.74755000"/>
        <valUSD>2051013.67000000</valUSD>
        <pctVal>0.358537526660</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Victory Giant Technology Huizhou Co Ltd</name>
        <lei>836800LBU3EF5U7ECE87</lei>
        <title>Victory Giant Technology Huizhou Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000020V4"/>
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        <balance>14900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.74755000"/>
        <valUSD>420475.77000000</valUSD>
        <pctVal>0.073503333888</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hyosung Heavy Industries Corp</name>
        <lei>988400IDLF9EQ95M0928</lei>
        <title>Hyosung Heavy Industries Corp.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7298040007"/>
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        <balance>1404.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1425.70000000"/>
        <valUSD>2281811.49000000</valUSD>
        <pctVal>0.398883274108</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Putailai New Energy Technology Group Co Ltd</name>
        <lei>N/A</lei>
        <title>Shanghai Putailai New Energy Technology Group Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100002TX3"/>
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        <balance>43740.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.74755000"/>
        <valUSD>154257.32000000</valUSD>
        <pctVal>0.026965709098</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Absa Group Ltd</name>
        <lei>2138006IPPRD4N6XLT30</lei>
        <title>Absa Group Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000255915"/>
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        <balance>138891.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.52125000"/>
        <valUSD>1914315.60000000</valUSD>
        <pctVal>0.334641348573</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>B3 SA - Brasil Bolsa Balcao</name>
        <lei>4GTK5S46E6H318LMDS44</lei>
        <title>B3 SA - Brasil Bolsa Balcao</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRB3SAACNOR6"/>
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        <balance>1909300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.06915000"/>
        <valUSD>5924718.94000000</valUSD>
        <pctVal>1.035699618183</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>Ambev SA</name>
        <lei>549300TH5Q6VRP8OT012</lei>
        <title>Ambev SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRABEVACNOR1"/>
        </identifiers>
        <balance>492800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.06915000"/>
        <valUSD>1554476.00000000</valUSD>
        <pctVal>0.271737818448</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>Polycab India Ltd</name>
        <lei>335800ZAL1L11ERZVW68</lei>
        <title>Polycab India Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="INE455K01017"/>
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        <balance>28180.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Contemporary Amperex Technology Co Ltd</name>
        <lei>300300KINDY1K0E9I032</lei>
        <title>Contemporary Amperex Technology Co. Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="CNE100003662"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WuXi AppTec Co Ltd</name>
        <lei>254900OEPQLZSPLN9175</lei>
        <title>WuXi AppTec Co. Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="CNE1000031K4"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HDFC Bank Ltd</name>
        <lei>335800ZQ6I4E2JXENC50</lei>
        <title>HDFC Bank Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="INE040A01034"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Alibaba Group Holding Ltd</name>
        <lei>5493001NTNQJDH60PM02</lei>
        <title>Alibaba Group Holding Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG017191142"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Montage Technology Co Ltd</name>
        <lei>836800ZMWT5PAN574D81</lei>
        <title>Montage Technology Co. Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="CNE100003MN7"/>
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        <balance>22255.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Budweiser Brewing Co APAC Ltd</name>
        <lei>549300YF1MR4GTF18132</lei>
        <title>Budweiser Brewing Co. APAC Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="KYG1674K1013"/>
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        <balance>2334400.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kuaishou Technology</name>
        <lei>300300FCDZBE6UP9ED24</lei>
        <title>Kuaishou Technology</title>
        <cusip>000000000</cusip>
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          <isin value="KYG532631028"/>
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        <balance>108007.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NetEase Inc</name>
        <lei>5299004AF4DSJDB0PA32</lei>
        <title>NetEase, Inc.</title>
        <cusip>000000000</cusip>
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          <isin value="KYG6427A1022"/>
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        <balance>98200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Max Healthcare Institute Ltd</name>
        <lei>3358005LALYV4GZOYF67</lei>
        <title>Max Healthcare Institute Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="INE027H01010"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SK Square Co Ltd</name>
        <lei>988400SX6QGRCASSFD87</lei>
        <title>SK Square Co. Ltd.</title>
        <cusip>000000000</cusip>
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          <isin value="KR7402340004"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tencent Holdings Ltd</name>
        <lei>254900N4SLUMW4XUYY11</lei>
        <title>Tencent Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG875721634"/>
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        <balance>364211.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>YongXing Special Materials Technology Co Ltd</name>
        <lei>300300ULJO6T9VWWOQ73</lei>
        <title>YongXing Special Materials Technology Co. Ltd.</title>
        <cusip>000000000</cusip>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bank of China Ltd</name>
        <lei>54930053HGCFWVHYZX42</lei>
        <title>Bank of China Ltd.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ping An Insurance Group Co of China Ltd</name>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kweichow Moutai Co Ltd</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Inner Mongolia Yili Industrial Group Co Ltd</name>
        <lei>3003002Q2A863JPQFH06</lei>
        <title>Inner Mongolia Yili Industrial Group Co. Ltd.</title>
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        <name>Haier Smart Home Co Ltd</name>
        <lei>3003002BYTNGNJTWSH07</lei>
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        <name>Wanhua Chemical Group Co Ltd</name>
        <lei>3003002H0G2KDG6CR124</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
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        <name>Zijin Mining Group Co Ltd</name>
        <lei>836800JRNL2393Z2I561</lei>
        <title>Zijin Mining Group Co. Ltd.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
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        <name>Fuyao Glass Industry Group Co Ltd</name>
        <lei>549300AS5CSLWETN0P64</lei>
        <title>Fuyao Glass Industry Group Co. Ltd.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Victory Giant Technology Huizhou Co Ltd</name>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>SCB X PCL</name>
        <lei>254900TG41KIWX7VDO42</lei>
        <title>SCB X PCL</title>
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        <assetCat>EC</assetCat>
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        <invCountry>TH</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Tata Steel Ltd</name>
        <lei>335800E6C75YGSGD5T66</lei>
        <title>Tata Steel Ltd.</title>
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        <valUSD>2122426.70000000</valUSD>
        <pctVal>0.371021232411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WuXi XDC Cayman Inc</name>
        <lei>549300BV0TP5RVPBYO24</lei>
        <title>WuXi XDC Cayman, Inc.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG9808A1058"/>
        </identifiers>
        <balance>238500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84240000"/>
        <valUSD>1573227.70000000</valUSD>
        <pctVal>0.275015801543</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1496531.95000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Anglogold Ashanti Plc</name>
        <lei>2138005YDSA7A82RNU96</lei>
        <title>Anglogold Ashanti PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BRXH2664"/>
        </identifiers>
        <balance>17741.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.52125000"/>
        <valUSD>1341624.50000000</valUSD>
        <pctVal>0.234529265686</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zabka Group SA</name>
        <lei>549300TU2RZ35E4ET914</lei>
        <title>Zabka Group SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="LU2910446546"/>
        </identifiers>
        <balance>243837.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.73565000"/>
        <valUSD>2078169.43000000</valUSD>
        <pctVal>0.363284622775</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</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"/>
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        <balance>207911.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="95.41500000"/>
        <valUSD>2278732.26000000</valUSD>
        <pctVal>0.398344994171</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Neway Valve Suzhou Co Ltd</name>
        <lei>N/A</lei>
        <title>Neway Valve Suzhou Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100001SJ6"/>
        </identifiers>
        <balance>143700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.74755000"/>
        <valUSD>971458.96000000</valUSD>
        <pctVal>0.169820658860</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zijin Gold International Co Ltd</name>
        <lei>254900FINUJR4MZ8A417</lei>
        <title>Zijin Gold International Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0001200002"/>
        </identifiers>
        <balance>87120.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84240000"/>
        <valUSD>1317402.44000000</valUSD>
        <pctVal>0.230295009420</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Localiza Rent a Car SA</name>
        <lei>984500C442A7E0CD4D11</lei>
        <title>Localiza Rent a Car SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRRENTACNPR1"/>
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        <balance>11269.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.06915000"/>
        <valUSD>81208.20000000</valUSD>
        <pctVal>0.014195998592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</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>ICICI Bank Ltd</name>
        <lei>R7RX8ER1V4666J8D1I38</lei>
        <title>ICICI Bank Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE090A01021"/>
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        <balance>258905.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="95.41500000"/>
        <valUSD>3891121.75000000</valUSD>
        <pctVal>0.680206664922</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Iluvatar CoreX Semiconductor Co Ltd</name>
        <lei>836800JCSZCOQ1B1XW34</lei>
        <title>Shanghai Iluvatar CoreX Semiconductor Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100007DV0"/>
        </identifiers>
        <balance>11900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84240000"/>
        <valUSD>638394.47000000</valUSD>
        <pctVal>0.111597683455</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="571447.41000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bajaj Finance Ltd</name>
        <lei>335800YTEXC3DO4Z6F68</lei>
        <title>Bajaj Finance Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE296A01032"/>
        </identifiers>
        <balance>351005.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="95.41500000"/>
        <valUSD>4196021.78000000</valUSD>
        <pctVal>0.733506213450</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSG NV</name>
        <lei>31570078IM9ILNPQUB16</lei>
        <title>CSG NV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0015073TS8"/>
        </identifiers>
        <balance>51102.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86719000"/>
        <valUSD>977817.17000000</valUSD>
        <pctVal>0.170932137014</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="947301.18000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Embraer SA</name>
        <lei>549300EM51WYXFHUY333</lei>
        <title>Embraer SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BREMBJACNOR1"/>
        </identifiers>
        <balance>133300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.06915000"/>
        <valUSD>2284887.41000000</valUSD>
        <pctVal>0.399420975424</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>Guaranty Trust Holding Co PLC</name>
        <lei>0292004488G9K8Y1I649</lei>
        <title>Guaranty Trust Holding Co. PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NGGTCO000002"/>
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        <balance>14513049.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1456210.31000000</valUSD>
        <pctVal>0.254560001467</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="805256.77000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wal-Mart de Mexico SAB de CV</name>
        <lei>N/A</lei>
        <title>Wal-Mart de Mexico SAB de CV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MX01WA000038"/>
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        <balance>404000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.31950000"/>
        <valUSD>1172147.00000000</valUSD>
        <pctVal>0.204902918205</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="1110475.55000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PRIO SA/Brazil</name>
        <lei>N/A</lei>
        <title>PRIO SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRPRIOACNOR1"/>
        </identifiers>
        <balance>543600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.06915000"/>
        <valUSD>6525366.19000000</valUSD>
        <pctVal>1.140698713294</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>SBI Life Insurance Co Ltd</name>
        <lei>335800WMVIESQUO95586</lei>
        <title>SBI Life Insurance Co. Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE123W01016"/>
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        <balance>58977.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="95.41500000"/>
        <valUSD>1162654.36000000</valUSD>
        <pctVal>0.203243510607</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JSW Steel Ltd</name>
        <lei>335800EK6HZSC4CVAJ09</lei>
        <title>JSW Steel Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE019A01038"/>
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        <balance>44268.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="95.41500000"/>
        <valUSD>589241.11000000</valUSD>
        <pctVal>0.103005188739</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banco BTG Pactual SA</name>
        <lei>ZXLTQRYIK6IJH3R0IK66</lei>
        <title>Banco BTG Pactual SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRBPACUNT006"/>
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        <balance>135600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.06915000"/>
        <valUSD>1519402.66000000</valUSD>
        <pctVal>0.265606650841</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>
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      </invstOrSec>
      <invstOrSec>
        <name>State Street Global Advisors</name>
        <lei>5493008BJIBKQ5KTIF74</lei>
        <title>State Street Navigator Securities Lending Government Money Market Portfolio</title>
        <cusip>857509301</cusip>
        <identifiers>
          <isin value="US8575093013"/>
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        <balance>9816482.40000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9816482.40000000</valUSD>
        <pctVal>1.716018460376</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="9816482.40000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Anglogold Ashanti Plc</name>
        <lei>2138005YDSA7A82RNU96</lei>
        <title>Anglogold Ashanti PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BRXH2664"/>
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        <balance>22586.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1791521.52000000</valUSD>
        <pctVal>0.313175725806</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>Credicorp Ltd</name>
        <lei>529900UYAEYQCQ2BKB17</lei>
        <title>Credicorp Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG2519Y1084"/>
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        <balance>7275.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2914219.50000000</valUSD>
        <pctVal>0.509434464996</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fabrinet</name>
        <lei>5493004TETZ6IYF7CV44</lei>
        <title>Fabrinet</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG3323L1005"/>
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        <balance>2521.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1097668.61000000</valUSD>
        <pctVal>0.191883357131</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grab Holdings Ltd</name>
        <lei>549300N4VQX83VPJF439</lei>
        <title>Grab Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG4124C1096"/>
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        <balance>267680.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>936880.00000000</valUSD>
        <pctVal>0.163775913779</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NU Holdings Ltd/Cayman Islands</name>
        <lei>5493002DG1RHWK9W2X27</lei>
        <title>NU Holdings Ltd.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG6683N1034"/>
        </identifiers>
        <balance>229093.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3282902.69000000</valUSD>
        <pctVal>0.573883942343</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>XP Inc</name>
        <lei>5493008KDA8NBZRJST80</lei>
        <title>XP, Inc.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG982391099"/>
        </identifiers>
        <balance>392359.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6693644.54000000</valUSD>
        <pctVal>1.170115437464</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </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>2026-08-26</ncom:dateSigned>
      <ncom:nameOfApplicant>PACE SELECT ADVISORS TRUST</ncom:nameOfApplicant>
      <ncom:signature>Rose Ann Bubloski</ncom:signature>
      <ncom:signerName>Rose Ann Bubloski</ncom:signerName>
      <ncom:title>Director</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
