<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.sec.gov/edgar/nport eis_NPORT_Filer.xsd">
  <headerData>
    <submissionType>NPORT-P</submissionType>
    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0000934563</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>


      <seriesClassInfo>
        <seriesId>S000022579</seriesId>
        <classId>C000065289</classId>
      </seriesClassInfo>

    </filerInfo>
  </headerData>
  <formData>
    <genInfo>
      <regName>HC Capital Trust</regName>
      <regFileNumber>811-08918</regFileNumber>
      <regCik>0000934563</regCik>
      <regLei>549300WBB2KZ0XDJW948</regLei>
      <regStreet1>Five Tower Bridge 300 Barr Harbor</regStreet1>
      <regStreet2>5th Floor</regStreet2>
      <regCity>West Conshohocken</regCity>
      <regStateConditional regCountry="US" regState="US-PA"/>
      <regZipOrPostalCode>19428</regZipOrPostalCode>
      <regPhone>610-828-7200</regPhone>
      <seriesName>The Emerging Markets Portfolio</seriesName>
      <seriesId>S000022579</seriesId>
      <seriesLei>VI6IBWG64BGOMGYTV118</seriesLei>
      <repPdEnd>2020-06-30</repPdEnd>
      <repPdDate>2020-03-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>961972099.39</totAssets>
      <totLiabs>5174326.62</totLiabs>
      <netAssets>956797772.77</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>0.00000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.00000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.00000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.00000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.00000000</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0.00000000</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0.00000000</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0.00000000</amtPayAftOneYrOther>
      <delayDeliv>0.00000000</delayDeliv>
      <standByCommit>0.00000000</standByCommit>
      <liquidPref>0.00000000</liquidPref>
      <cshNotRptdInCorD>10083590.82</cshNotRptdInCorD>
      <curMetrics>
        <curMetric>
          <curCd>HKD</curCd>
          <intrstRtRiskdv01 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
          <intrstRtRiskdv100 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
        </curMetric>
        <curMetric>
          <curCd>GBP</curCd>
          <intrstRtRiskdv01 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
          <intrstRtRiskdv100 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
        </curMetric>
        <curMetric>
          <curCd>ZAR</curCd>
          <intrstRtRiskdv01 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
          <intrstRtRiskdv100 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
        </curMetric>
        <curMetric>
          <curCd>USD</curCd>
          <intrstRtRiskdv01 period10Yr="0.00000000" period1Yr="-12.42474966" period30Yr="0.00000000" period3Mon="911.38804976" period5Yr="0.00000000"/>
          <intrstRtRiskdv100 period10Yr="0.00000000" period1Yr="-1234.63129655" period30Yr="0.00000000" period3Mon="91022.51559042" period5Yr="0.00000000"/>
        </curMetric>
        <curMetric>
          <curCd>MXN</curCd>
          <intrstRtRiskdv01 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
          <intrstRtRiskdv100 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
        </curMetric>
        <curMetric>
          <curCd>RUB</curCd>
          <intrstRtRiskdv01 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
          <intrstRtRiskdv100 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
        </curMetric>
        <curMetric>
          <curCd>CLP</curCd>
          <intrstRtRiskdv01 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
          <intrstRtRiskdv100 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
        </curMetric>
        <curMetric>
          <curCd>INR</curCd>
          <intrstRtRiskdv01 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
          <intrstRtRiskdv100 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
        </curMetric>
        <curMetric>
          <curCd>EGP</curCd>
          <intrstRtRiskdv01 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
          <intrstRtRiskdv100 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
        </curMetric>
        <curMetric>
          <curCd>IDR</curCd>
          <intrstRtRiskdv01 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
          <intrstRtRiskdv100 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
        </curMetric>
        <curMetric>
          <curCd>AED</curCd>
          <intrstRtRiskdv01 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
          <intrstRtRiskdv100 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
        </curMetric>
        <curMetric>
          <curCd>BRL</curCd>
          <intrstRtRiskdv01 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
          <intrstRtRiskdv100 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
        </curMetric>
        <curMetric>
          <curCd>KRW</curCd>
          <intrstRtRiskdv01 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
          <intrstRtRiskdv100 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
        </curMetric>
        <curMetric>
          <curCd>COP</curCd>
          <intrstRtRiskdv01 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
          <intrstRtRiskdv100 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
        </curMetric>
        <curMetric>
          <curCd>CNY</curCd>
          <intrstRtRiskdv01 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
          <intrstRtRiskdv100 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
        </curMetric>
        <curMetric>
          <curCd>QAR</curCd>
          <intrstRtRiskdv01 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
          <intrstRtRiskdv100 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
        </curMetric>
        <curMetric>
          <curCd>CZK</curCd>
          <intrstRtRiskdv01 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
          <intrstRtRiskdv100 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
        </curMetric>
        <curMetric>
          <curCd>PLN</curCd>
          <intrstRtRiskdv01 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
          <intrstRtRiskdv100 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
        </curMetric>
        <curMetric>
          <curCd>TWD</curCd>
          <intrstRtRiskdv01 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
          <intrstRtRiskdv100 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
        </curMetric>
        <curMetric>
          <curCd>SAR</curCd>
          <intrstRtRiskdv01 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
          <intrstRtRiskdv100 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
        </curMetric>
        <curMetric>
          <curCd>EUR</curCd>
          <intrstRtRiskdv01 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
          <intrstRtRiskdv100 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
        </curMetric>
        <curMetric>
          <curCd>PHP</curCd>
          <intrstRtRiskdv01 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
          <intrstRtRiskdv100 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
        </curMetric>
        <curMetric>
          <curCd>THB</curCd>
          <intrstRtRiskdv01 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
          <intrstRtRiskdv100 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
        </curMetric>
        <curMetric>
          <curCd>MYR</curCd>
          <intrstRtRiskdv01 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
          <intrstRtRiskdv100 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
        </curMetric>
        <curMetric>
          <curCd>TRY</curCd>
          <intrstRtRiskdv01 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
          <intrstRtRiskdv100 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
        </curMetric>
        <curMetric>
          <curCd>HUF</curCd>
          <intrstRtRiskdv01 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
          <intrstRtRiskdv100 period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
        </curMetric>
      </curMetrics>
      <creditSprdRiskInvstGrade period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
      <creditSprdRiskNonInvstGrade period10Yr="0.00000000" period1Yr="0.00000000" period30Yr="0.00000000" period3Mon="0.00000000" period5Yr="0.00000000"/>
      <borrowers>
        <borrower aggrVal="79470.00000000" lei="G5GSEF7VJP5I7OUK5573" name="BARCLAYS BANK PLC"/>
        <borrower aggrVal="193687.57000000" lei="OXTKY6Q8X53C9ILVV871" name="NOMURA SECURITIES INTL INC"/>
        <borrower aggrVal="1485389.06999999" lei="K6Q0W1PS1L1O4IQL9C32" name="J.P. MORGAN SECURITIES PLC"/>
        <borrower aggrVal="204149.85000000" lei="BFM8T61CT2L1QCEMIK50" name="UBS AG LONDON"/>
        <borrower aggrVal="210025.00000000" lei="549300HN4UKV1E2R3U73" name="BOFA SECURITIES  INC."/>
        <borrower aggrVal="91717.69000000" lei="9R7GPTSO7KV3UQJZQ078" name="MORGAN STANLEY &amp; CO. LLC"/>
      </borrowers>
      <aggregateCondition isNonCashCollateral="Y">
        <aggregateInfos>
          <aggregateInfo amt="1794907.00000000" collatrl="1885056.60999999">
            <invstCat>UST</invstCat>
          </aggregateInfo>
        </aggregateInfos>
      </aggregateCondition>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000065289" rtn1="-5.32000000" rtn2="-3.93000000" rtn3="-16.02000000"/>
        </monthlyTotReturns>
        <monthlyReturnCats>
          <equityContracts>
            <mon1 netRealizedGain="30634.17000000" netUnrealizedAppr="-5172987.96000000"/>
            <mon2 netRealizedGain="-325402.46000000" netUnrealizedAppr="-2740231.61000000"/>
            <mon3 netRealizedGain="-14715399.55" netUnrealizedAppr="8817365.50"/>
            <futureCategory>
              <instrMon1 netRealizedGain="30634.17000000" netUnrealizedAppr="-5172582.23000000"/>
              <instrMon2 netRealizedGain="-325402.46000000" netUnrealizedAppr="-2738729.32000000"/>
              <instrMon3 netRealizedGain="-15060165.55" netUnrealizedAppr="7776756.15000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00" netUnrealizedAppr="0.00"/>
              <instrMon2 netRealizedGain="0.00" netUnrealizedAppr="0.00"/>
              <instrMon3 netRealizedGain="344766.00" netUnrealizedAppr="1043590.00"/>
            </optionCategory>
            <warrantCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="-405.73000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="-1502.29000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="-2980.65000000"/>
            </warrantCategory>
          </equityContracts>
        </monthlyReturnCats>
        <othMon1 netRealizedGain="-13476.96" netUnrealizedAppr="-66082274.47"/>
        <othMon2 netRealizedGain="1430314.85" netUnrealizedAppr="-48449259.66"/>
        <othMon3 netRealizedGain="-6330110.22" netUnrealizedAppr="-179281350"/>
      </returnInfo>
      <mon1Flow redemption="-20074132.69000000" reinvestment="0.00000000" sales="13068436.07000000"/>
      <mon2Flow redemption="-16801330.12000000" reinvestment="0.00000000" sales="4805028.82000000"/>
      <mon3Flow redemption="-68778422.86000000" reinvestment="0.00000000" sales="9113369.06000000"/>

    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>PT Perusahaan Gas Negara Tbk</name>
        <lei>549300OX1VFDX7ZPN240</lei>
        <title>PERUSAHAAN GAS NEGARA TBK PT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000111602"/>
        </identifiers>
        <balance>3254500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="16300.00000000"/>
        <valUSD>153428.60000000</valUSD>
        <pctVal>0.016035635153</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>NTPC LIMITED</name>
        <lei>335800Q4TRGJXNLVMB81</lei>
        <title>NTPC LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE733E01010"/>
        </identifiers>
        <balance>837768.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>931899.66000000</valUSD>
        <pctVal>0.097397766437</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TATNEFT' PAO</name>
        <lei>253400PAT768SVJMV121</lei>
        <title>TATNEFT PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU0009033591"/>
        </identifiers>
        <balance>55190.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="78.48450000"/>
        <valUSD>381686.16000000</valUSD>
        <pctVal>0.039892041020</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Xiaomi Corp</name>
        <lei>2549001ACVFAZRNMKL32</lei>
        <title>XIAOMI CORP-CLASS B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG9830T1067"/>
        </identifiers>
        <balance>170000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>225730.98000000</valUSD>
        <pctVal>0.023592339617</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Resources Power Holdings Company Limited</name>
        <lei>529900K60FC0AI053735</lei>
        <title>CHINA RESOURCES POWER HOLDINGS CO., LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0836012952"/>
        </identifiers>
        <balance>1370143.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>1502736.84000000</valUSD>
        <pctVal>0.157058981821</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>HYUNDAI ENGINEERING &amp; CONSTRUCTION CO.,LTD</name>
        <lei>988400CEQG9N710HN313</lei>
        <title>HYUNDAI ENGINEERING &amp; CONSTRUCTION CO., LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7000720003"/>
        </identifiers>
        <balance>32747.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>730393.00000000</valUSD>
        <pctVal>0.076337238733</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>Asia Cement Corporation</name>
        <lei>213800EFQXH43HMGJL59</lei>
        <title>ASIA CEMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0001102002"/>
        </identifiers>
        <balance>787971.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>1023283.70000000</valUSD>
        <pctVal>0.106948796195</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>CHINA EVERBRIGHT BANK COMPANY LIMITED</name>
        <lei>549300U6PKQ4H1P34E17</lei>
        <title>CHINA EVERBRIGHT BANK CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001QW3"/>
        </identifiers>
        <balance>1641000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>624247.23000000</valUSD>
        <pctVal>0.065243382433</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>Fomento Economico Mexicano, S.A.B. de C.V.</name>
        <lei>549300A8MDWDJNMLV153</lei>
        <title>FOMENTO ECONOMICO MEXICANO S.A.B. DE C.V. - ADR</title>
        <cusip>344419106</cusip>
        <identifiers>
          <isin value="US3444191064"/>
        </identifiers>
        <balance>84743.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5127798.93000000</valUSD>
        <pctVal>0.535933409957</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <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>Guangzhou R&amp;F Properties Co., Ltd.</name>
        <lei>529900ICJ8CK8LFWH863</lei>
        <title>GUANGZHOU R&amp;F PROPERTIES CO., LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000569"/>
        </identifiers>
        <balance>62400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>80262.81000000</valUSD>
        <pctVal>0.008388691140</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JIANGSU HENGRUI MEDICINE CO.,LTD.</name>
        <lei>N/A</lei>
        <title>JIANGSU HENGRUI MEDICINE CO LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000014W7"/>
        </identifiers>
        <balance>230703.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>2961382.90000000</valUSD>
        <pctVal>0.309509802831</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>Gold Fields Limited</name>
        <lei>5299003KXIBJQYCBBD72</lei>
        <title>GOLD FIELDS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000018123"/>
        </identifiers>
        <balance>23283.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>113743.06000000</valUSD>
        <pctVal>0.011887889294</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>Far EasTone Telecommunications Co., Ltd.</name>
        <lei>529900L7W7BWDLVZL253</lei>
        <title>FAR EASTONE TELECOMMUNICATIONS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0004904008"/>
        </identifiers>
        <balance>454000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>948254.72000000</valUSD>
        <pctVal>0.099107120332</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>Innolux Corporation</name>
        <lei>3003007EXL0825P1MJ10</lei>
        <title>INNOLUX CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0003481008"/>
        </identifiers>
        <balance>399000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>68784.44000000</valUSD>
        <pctVal>0.007189025931</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>PT United Tractors Tbk</name>
        <lei>529900N9ELYOWQV4FW14</lei>
        <title>PT UNITED TRACTORS TBK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000058407"/>
        </identifiers>
        <balance>814800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="16300.00000000"/>
        <valUSD>839592.60000000</valUSD>
        <pctVal>0.087750266973</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>CHINA VANKE CO., LTD.</name>
        <lei>529900E66UJ2DWY7KW55</lei>
        <title>CHINA VANKE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001SR9"/>
        </identifiers>
        <balance>304900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>993048.24000000</valUSD>
        <pctVal>0.103788728220</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>Seazen Group Limited</name>
        <lei>5493006M8GRAQRCSCD67</lei>
        <title>SEAZEN GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG3701A1067"/>
        </identifiers>
        <balance>142000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>126560.11000000</valUSD>
        <pctVal>0.013227467036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Meinian Onehealth Healthcare Holdings Co., Ltd.</name>
        <lei>300300EYIBAM5S5ILV56</lei>
        <title>MEINIAN ONEHEALTH HEALTHCARE HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001LV7"/>
        </identifiers>
        <balance>218160.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>360527.98000000</valUSD>
        <pctVal>0.037680687629</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>HANKOOK TIRE &amp; TECHNOLOGY CO.,LTD</name>
        <lei>9884001BIEVM09M7AH02</lei>
        <title>HANKOOK TIRE &amp; TECHNOLOGY CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7161390000"/>
        </identifiers>
        <balance>2925.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>46196.33000000</valUSD>
        <pctVal>0.004828222986</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>WEG SA</name>
        <lei>N/A</lei>
        <title>WEG SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRWEGEACNOR0"/>
        </identifiers>
        <balance>196900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19530000"/>
        <valUSD>1272290.92000000</valUSD>
        <pctVal>0.132973858866</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>BTS Group Holdings Public Company Limited</name>
        <lei>N/A</lei>
        <title>BTS GROUP HOLDINGS - WTS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0221051202"/>
        </identifiers>
        <balance>311160.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.81000000"/>
        <valUSD>5500.54000000</valUSD>
        <pctVal>0.000574890552</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>XBKK</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>BTS Group Holdings Public Company Limited</issuerName>
                <issueTitle>BTS GROUP HOLDINGS - WTS</issueTitle>
                <identifiers>
                  <isin value="TH0221051202"/>
                  <other otherDesc="OTHER" value="BDDW2W9"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>311160.00000000</shareNo>
            <exercisePrice>14.00000000</exercisePrice>
            <exercisePriceCurCd>THB</exercisePriceCurCd>
            <expDt>2021-02-16</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>5500.54000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LG INNOTEK CO.,LTD</name>
        <lei>988400KTHH2LMUX7EB48</lei>
        <title>LG INNOTEK CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7011070000"/>
        </identifiers>
        <balance>849.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>78139.58000000</valUSD>
        <pctVal>0.008166781134</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>HYUNDAI MOBIS CO.,LTD</name>
        <lei>988400HJA9E0ZVDHRS65</lei>
        <title>HYUNDAI PRECISION INDUSTRY COMPANY</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7012330007"/>
        </identifiers>
        <balance>14294.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>1977502.68000000</valUSD>
        <pctVal>0.206679272912</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>CNOOC LIMITED</name>
        <lei>549300XIVJCBIGMRUD48</lei>
        <title>CNOOC LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0883013259"/>
        </identifiers>
        <balance>3170000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>3294289.38000000</valUSD>
        <pctVal>0.344303621282</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>FORMOSA TAFFETA CO.,LTD</name>
        <lei>N/A</lei>
        <title>FORMOSTA TAFFETA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0001434009"/>
        </identifiers>
        <balance>539000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>545385.69000000</valUSD>
        <pctVal>0.057001145437</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>Zoomlion Heavy Industry Science And Technology Co., Ltd</name>
        <lei>529900QZ3EMAU0QKFK85</lei>
        <title>ZOOMLION HEAVY INDUSTRY SCIENCE &amp; TECH</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000X85"/>
        </identifiers>
        <balance>120400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>86611.55000000</valUSD>
        <pctVal>0.009052231565</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>Hutchison China MediTech Ltd</name>
        <lei>2138006X34YDQ6OBYE79</lei>
        <title>HUTCHISON CHINA MEDITECH LTD</title>
        <cusip>44842L103</cusip>
        <identifiers>
          <isin value="US44842L1035"/>
        </identifiers>
        <balance>25200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>449820.00000000</valUSD>
        <pctVal>0.047013069302</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <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>Yuanta Financial Holdings Co., Ltd</name>
        <lei>21380045JG57LJEFFE13</lei>
        <title>YUANTA FINANCIAL HOLDING CO.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002885001"/>
        </identifiers>
        <balance>5298000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>2705500.35000000</valUSD>
        <pctVal>0.282766163028</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>WPG HOLDINGS LIMITED</name>
        <lei>N/A</lei>
        <title>WPG HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0003702007"/>
        </identifiers>
        <balance>686400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>803652.42000000</valUSD>
        <pctVal>0.083993968513</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>KINGDEE INTERNATIONAL SOFTWARE GROUP COMPANY LIMITED</name>
        <lei>529900SWRZN94C5SZO63</lei>
        <title>KINGDEE INTERNATIONAL SOFTWARE GROUP CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG525681477"/>
        </identifiers>
        <balance>572000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>752400.66000000</valUSD>
        <pctVal>0.078637375777</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAMSUNG ELECTRONICS CO,.LTD</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>SAMSUNG ELECTRONICS CO., LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7005931001"/>
        </identifiers>
        <balance>81869.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>2668246.11000000</valUSD>
        <pctVal>0.278872525201</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>SIME DARBY PLANTATION BERHAD</name>
        <lei>N/A</lei>
        <title>SIME DARBY PLANTATION BHD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL5285OO001"/>
        </identifiers>
        <balance>1695900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.31500000"/>
        <valUSD>1941380.81000000</valUSD>
        <pctVal>0.202903985068</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TAL EDUCATION GROUP</name>
        <lei>5493003PJZS0EC085V72</lei>
        <title>TAL EDUCATION GROUP</title>
        <cusip>874080104</cusip>
        <identifiers>
          <isin value="US8740801043"/>
        </identifiers>
        <balance>76200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4058412.00000000</valUSD>
        <pctVal>0.424166121149</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <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>CSPC PHARMACEUTICAL GROUP LIMITED</name>
        <lei>529900M3XQCW234H8O91</lei>
        <title>CHINA PHARMACEUTICAL ENTERPRISE &amp; INVESTMENT CORP.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK1093012172"/>
        </identifiers>
        <balance>150000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>295072.96000000</valUSD>
        <pctVal>0.030839637005</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA CONSTRUCTION BANK CORPORATION</name>
        <lei>5493001KQW6DM7KEDR62</lei>
        <title>CHINA CONSTRUCTION BANK CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000002H1"/>
        </identifiers>
        <balance>20773350.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>16886099.78000000</valUSD>
        <pctVal>1.764855673849</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>WEIBO CORPORATION</name>
        <lei>549300Q9ID4640FE0422</lei>
        <title>WEIBO CORP - SPON ADR</title>
        <cusip>948596101</cusip>
        <identifiers>
          <isin value="US9485961018"/>
        </identifiers>
        <balance>8500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>281435.00000000</valUSD>
        <pctVal>0.029414261614</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <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>AIA Group Limited</name>
        <lei>ZP5ILWVSYE4LJGMMVD57</lei>
        <title>AIA GROUP LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0000069689"/>
        </identifiers>
        <balance>1202484.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>10768159.56000000</valUSD>
        <pctVal>1.125437356404</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>Haidilao International Holding Ltd</name>
        <lei>N/A</lei>
        <title>HAIDILAO INTERNATIONAL HOLDI</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG4290A1013"/>
        </identifiers>
        <balance>21000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>80973.94000000</valUSD>
        <pctVal>0.008463015101</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Anglo American Platinum Limited</name>
        <lei>529900RORCZ0E5S5FX81</lei>
        <title>ANGLO AMERICAN PLATINUM LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000013181"/>
        </identifiers>
        <balance>34689.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>1450468.21000000</valUSD>
        <pctVal>0.151596110618</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>Vanguard International Semiconductor Corporation</name>
        <lei>2549001S5Q158BIJJO13</lei>
        <title>VANGUARD INTERNATIONAL SEMICON</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0005347009"/>
        </identifiers>
        <balance>1000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>1938.81000000</valUSD>
        <pctVal>0.000202635296</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>BRF S.A.</name>
        <lei>254900MTXR9LUVQFU480</lei>
        <title>BRF SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRBRFSACNOR8"/>
        </identifiers>
        <balance>228800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19530000"/>
        <valUSD>664560.66000000</valUSD>
        <pctVal>0.069456752399</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>TAIWAN MOBILE CO., LTD.</name>
        <lei>N/A</lei>
        <title>TAIWAN MOBILE CO., LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0003045001"/>
        </identifiers>
        <balance>249000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>822325.64000000</valUSD>
        <pctVal>0.085945605581</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>BAOZUN INC.</name>
        <lei>549300IF0HZ7T4762633</lei>
        <title>BAOZUN INC-SPN ADR</title>
        <cusip>06684L103</cusip>
        <identifiers>
          <isin value="US06684L1035"/>
        </identifiers>
        <balance>3400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>94996.00000000</valUSD>
        <pctVal>0.009928534817</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="89165.34000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>S&amp;P500 EMINI OPTN MAY20P</name>
        <lei>N/A</lei>
        <title>S&amp;P500 EMINI OPTN MAY20P</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal" value="SCK0P1950"/>
        </identifiers>
        <balance>-75.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-136500.00000000</valUSD>
        <pctVal>-0.01426633755</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>XCME</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <futrDeriv derivCat="FUT">
                  <counterparties>
                    <counterpartyName>XCME</counterpartyName>
                    <counterpartyLei>N/A</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>S&amp;P500 EMINI</name>
                    <lei>N/A</lei>
                    <title>S&amp;P500 EMINI</title>
                    <cusip>N/A</cusip>
                    <identifiers>
                      <ticker value="SCK0"/>
                    </identifiers>
                    <balance>N/A</balance>
                    <units>NC</units>
                    <descOthUnits>N/A</descOthUnits>
                    <curCd>N/A</curCd>
                    <valUSD>N/A</valUSD>
                    <pctVal>N/A</pctVal>
                    <assetCat>DE</assetCat>
                    <issuerConditional desc="Future index" issuerCat="OTHER"/>
                  </derivAddlInfo>
                  <payOffProf>N/A</payOffProf>
                  <descRefInstrmnt>
                    <indexBasketInfo>
                      <indexName>S&amp;P500 EMINI</indexName>
                      <indexIdentifier>SCK0</indexIdentifier>
                    </indexBasketInfo>
                  </descRefInstrmnt>
                  <expDate>2020-05-29</expDate>
                  <notionalAmt>0</notionalAmt>
                  <curCd>USD</curCd>
                </futrDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <principalAmt>50.00000000</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>1950</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2020-05-29</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>88383.00000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dongfang Electric Corporation Limited</name>
        <lei>529900ISAW6T566F0R12</lei>
        <title>DONGFANG ELECTRIC CORP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000J28"/>
        </identifiers>
        <balance>73400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>86040.23000000</valUSD>
        <pctVal>0.008992519887</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 Merchants Bank Co., Ltd.</name>
        <lei>549300MKO5B60FFIHF58</lei>
        <title>CHINA MERCHANTS BANK CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001B33"/>
        </identifiers>
        <balance>27000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>121850.62000000</valUSD>
        <pctVal>0.012735253307</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>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. TREASURY BILL</title>
        <cusip>912796TY5</cusip>
        <identifiers>
          <isin value="US912796TY52"/>
        </identifiers>
        <balance>51000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>50943.72000000</valUSD>
        <pctVal>0.005324397845</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-12-31</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CLICKS GROUP LIMITED</name>
        <lei>378900E967958A677472</lei>
        <title>CLICKS GROUP LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000134854"/>
        </identifiers>
        <balance>386202.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>5571976.39000000</valUSD>
        <pctVal>0.582356747535</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>HUAZHU GROUP LIMITED</name>
        <lei>549300Y5ML31FVN83730</lei>
        <title>HUAZHU GROUP LTD-ADR</title>
        <cusip>44332N106</cusip>
        <identifiers>
          <isin value="US44332N1063"/>
        </identifiers>
        <balance>2500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>71825.00000000</valUSD>
        <pctVal>0.007506810952</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <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>BANK OF CHINA LIMITED</name>
        <lei>54930053HGCFWVHYZX42</lei>
        <title>BANK OF CHINA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000001Z5"/>
        </identifiers>
        <balance>14859100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>5656505.59000000</valUSD>
        <pctVal>0.591191341679</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>Savola Group Company SJSC</name>
        <lei>N/A</lei>
        <title>SAVOLA GROUP/THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA0007879162"/>
        </identifiers>
        <balance>37378.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75650000"/>
        <valUSD>354635.98000000</valUSD>
        <pctVal>0.037064883520</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DUBAI ISLAMIC BANK (PUBLIC JOINT STOCK COMPANY)</name>
        <lei>5493003E7YRAQY3JGW88</lei>
        <title>DUBAI ISLAMIC BANK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AED000201015"/>
        </identifiers>
        <balance>488800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.67280000"/>
        <valUSD>477430.30000000</valUSD>
        <pctVal>0.049898767909</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>LOCALIZA RENT A CAR S.A.</name>
        <lei>N/A</lei>
        <title>LOCALIZA RENT A CAR SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRRENTACNOR4"/>
        </identifiers>
        <balance>55965.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19530000"/>
        <valUSD>283309.82000000</valUSD>
        <pctVal>0.029610208976</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>THE FOSCHINI GROUP LIMITED</name>
        <lei>N/A</lei>
        <title>THE FOSCHINI GROUP LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000148466"/>
        </identifiers>
        <balance>175684.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>656704.10000000</valUSD>
        <pctVal>0.068635621725</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>Rand Merchant Investment Holdings Ltd</name>
        <lei>N/A</lei>
        <title>RAND MERCHANT INVESTMENT HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000210688"/>
        </identifiers>
        <balance>43185.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>53681.82000000</valUSD>
        <pctVal>0.005610571170</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>HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED</name>
        <lei>335800OX2H9AP7NHLT64</lei>
        <title>HOUSING DEVELOPMENT FINANCE CORP. LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE001A01036"/>
        </identifiers>
        <balance>533490.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>11516182.36000000</valUSD>
        <pctVal>1.203617178858</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 Northern Rare Earth (Group) High-Tech Co., Ltd.</name>
        <lei>N/A</lei>
        <title>CHINA NORTHERN RARE EARTH GROUP HIGH-TECH CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000T18"/>
        </identifiers>
        <balance>197450.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>247939.54000000</valUSD>
        <pctVal>0.025913473782</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>ANGLOGOLD ASHANTI LTD</name>
        <lei>378900EF3BA9A5F42A59</lei>
        <title>ANGLOGOLD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000043485"/>
        </identifiers>
        <balance>84699.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>1436374.63000000</valUSD>
        <pctVal>0.150123115968</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>SK hynix Inc.</name>
        <lei>988400XAIK6XISWQV045</lei>
        <title>SK HYNIX INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7000660001"/>
        </identifiers>
        <balance>148455.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>10037396.33000000</valUSD>
        <pctVal>1.049061422973</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 SHIPBUILDING &amp; OFFSHORE ENGINEERING CO.,LTD.</name>
        <lei>988400DPTJ9KH5R6W540</lei>
        <title>KOREA SHIPBUILDING &amp; OFFSHORE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7009540006"/>
        </identifiers>
        <balance>16803.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>1067906.47000000</valUSD>
        <pctVal>0.111612558096</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>China International Travel Service Corporation Limited</name>
        <lei>N/A</lei>
        <title>CHINA INTERNATIONAL TRAVEL SERVICE CORP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000G29"/>
        </identifiers>
        <balance>7500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>70245.38000000</valUSD>
        <pctVal>0.007341716504</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>CD Projekt SA</name>
        <lei>259400TYO5Q8SH8TL437</lei>
        <title>CD PROJEKT SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PLOPTTC00011"/>
        </identifiers>
        <balance>4987.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="4.13320000"/>
        <valUSD>343740.18000000</valUSD>
        <pctVal>0.035926105785</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RUENTEX DEVELOPMENT CO.,LTD.</name>
        <lei>N/A</lei>
        <title>RUENTEX DEVELOPMENT CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0009945006"/>
        </identifiers>
        <balance>179280.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>225787.02000000</valUSD>
        <pctVal>0.023598196654</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>Shandong Buchang Pharmaceuticals Co Ltd</name>
        <lei>N/A</lei>
        <title>SHANDONG BUCHANG PHARMACEUTICALS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002FV6"/>
        </identifiers>
        <balance>120299.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>338670.62000000</valUSD>
        <pctVal>0.035396259234</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>YTL CORPORATION BERHAD</name>
        <lei>N/A</lei>
        <title>YTL CORP BHD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL4677OO000"/>
        </identifiers>
        <balance>1566312.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.31500000"/>
        <valUSD>261853.05000000</valUSD>
        <pctVal>0.027367648363</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHENZHEN HEPALINK PHARMACEUTICAL GROUP CO., LTD.</name>
        <lei>N/A</lei>
        <title>SHENZHEN HEPALINK PHARMACEUTICAL GROUP CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000P02"/>
        </identifiers>
        <balance>41500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>118977.54000000</valUSD>
        <pctVal>0.012434972507</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>Airports of Thailand Public Company Limited</name>
        <lei>5299006VS4CU6LW0TY22</lei>
        <title>AIRPORTS OF THAILAND PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0765010Z08"/>
        </identifiers>
        <balance>379300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.81000000"/>
        <valUSD>583937.08000000</valUSD>
        <pctVal>0.061030355276</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PUBLIC BANK BHD</name>
        <lei>549300L2RSQCVMOHGM20</lei>
        <title>PUBLIC BANK BERHAD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL1295OO004"/>
        </identifiers>
        <balance>95000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.31500000"/>
        <valUSD>349889.00000000</valUSD>
        <pctVal>0.036568751512</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ECOPETROL S.A.</name>
        <lei>254900IDGKCJICKBPA66</lei>
        <title>ECOPETROL SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="COC04PA00016"/>
        </identifiers>
        <balance>2938428.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="COP" exchangeRt="4060.00000000"/>
        <valUSD>1375126.40000000</valUSD>
        <pctVal>0.143721739236</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA STATE CONSTRUCTION INTERNATIONAL HOLDINGS LIMITED</name>
        <lei>529900QVUUH13RIZIR85</lei>
        <title>CHINA STATE CONSTRUCTION INTL HOLDINGS LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG216771363"/>
        </identifiers>
        <balance>112000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>82139.71000000</valUSD>
        <pctVal>0.008584855895</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>PT Indofood Sukses Makmur Tbk</name>
        <lei>529900E61EV2GTYWZ485</lei>
        <title>PT INDOFOOD SUKSES MAKMUR TBK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000057003"/>
        </identifiers>
        <balance>2506800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="16300.00000000"/>
        <valUSD>970380.46000000</valUSD>
        <pctVal>0.101419598541</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>Saudi Basic Industries Corporation SJSC</name>
        <lei>213800ZCTFZZZJSK8645</lei>
        <title>SAUDI BASIC INDUSTRIES CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA0007879121"/>
        </identifiers>
        <balance>78058.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75650000"/>
        <valUSD>1444835.21000000</valUSD>
        <pctVal>0.151007375970</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DELTA ELECTRONICS, INC.</name>
        <lei>529900UVZWNWGDLJSM52</lei>
        <title>DELTA ELECTRONICS, INC.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002308004"/>
        </identifiers>
        <balance>619000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>2450414.94000000</valUSD>
        <pctVal>0.256105836545</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>Chunghwa Telecom Co., Ltd.</name>
        <lei>N/A</lei>
        <title>CHUNGHWA TELECOM CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002412004"/>
        </identifiers>
        <balance>307000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>1088636.50000000</valUSD>
        <pctVal>0.113779163265</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>DAR AL ARKAN REAL ESTATE DEVELOPMENT COMPANY SJSC</name>
        <lei>558600USX20EGH6LVQ89</lei>
        <title>DAR AL ARKAN REAL ESTATE DEVELOPMENT CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA11U0S23612"/>
        </identifiers>
        <balance>162908.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75650000"/>
        <valUSD>355609.10000000</valUSD>
        <pctVal>0.037166589442</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yihai International Holding Ltd</name>
        <lei>3003004D79NRTSL70K40</lei>
        <title>YIHAI INTERNATIONAL HOLDING</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG984191075"/>
        </identifiers>
        <balance>61000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>459497.22000000</valUSD>
        <pctVal>0.048024486790</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>Wangsu Science &amp; Technology Co., Ltd.</name>
        <lei>N/A</lei>
        <title>WANGSU SCIENCE &amp; TECHNOLOG-A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000GQ8"/>
        </identifiers>
        <balance>72200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>78313.86000000</valUSD>
        <pctVal>0.008184996059</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>MONETA Money Bank, a.s.</name>
        <lei>I6USJ58BDV2BO5KP3C31</lei>
        <title>MONETA MONEY BANK AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CZ0008040318"/>
        </identifiers>
        <balance>196480.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CZK" exchangeRt="24.81060000"/>
        <valUSD>405416.93000000</valUSD>
        <pctVal>0.042372269411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CZ</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>E-MART Inc.</name>
        <lei>988400SAX0Q74FRA9981</lei>
        <title>E-MART CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7139480008"/>
        </identifiers>
        <balance>14244.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>1235825.76000000</valUSD>
        <pctVal>0.129162691968</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>POWERTECH TECHNOLOGY INC.</name>
        <lei>254900O6KNZXH2RI9Q14</lei>
        <title>POWERTECH TECHNOLOGY INC.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0006239007"/>
        </identifiers>
        <balance>150000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>424891.77000000</valUSD>
        <pctVal>0.044407688028</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>Lens Technology Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>LENS TECHNOLOGY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001YW7"/>
        </identifiers>
        <balance>46500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>94143.42000000</valUSD>
        <pctVal>0.009839427168</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>GigaDevice Semiconductor Beijing Inc</name>
        <lei>N/A</lei>
        <title>GIGADEVICE SEMICONDUCTOR BEIJING INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000030S9"/>
        </identifiers>
        <balance>3700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>124926.39000000</valUSD>
        <pctVal>0.013056718311</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>Yealink Network Technology Co Ltd</name>
        <lei>N/A</lei>
        <title>YEALINK NETWORK TECHNOLOGY CORP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002PC5"/>
        </identifiers>
        <balance>9300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>105516.30000000</valUSD>
        <pctVal>0.011028067058</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>Tianqi Lithium Corporation</name>
        <lei>300300IZ1J0MQ8YVEG66</lei>
        <title>TIANQI LITHIUM CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000T32"/>
        </identifiers>
        <balance>164295.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>423331.59000000</valUSD>
        <pctVal>0.044244625358</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 Petroleum &amp; Chemical Corporation</name>
        <lei>529900A2OB24EZ5B3J19</lei>
        <title>CHINA PETROLEUM &amp; CHEMICAL CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000002Q2"/>
        </identifiers>
        <balance>805400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>393536.70000000</valUSD>
        <pctVal>0.041130603686</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>LIBERTY HOLDINGS LIMITED</name>
        <lei>529900SLXRMLVAR2ZO23</lei>
        <title>LIBERTY HOLDING LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000127148"/>
        </identifiers>
        <balance>51643.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>190455.73000000</valUSD>
        <pctVal>0.019905536511</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>CHINA CINDA ASSET MANAGEMENT CO., LTD.</name>
        <lei>3003008W60YAHL9CQE51</lei>
        <title>CHINA CINDA ASSET MANAGEMENT CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001QS1"/>
        </identifiers>
        <balance>432000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>81253.84000000</valUSD>
        <pctVal>0.008492268932</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chongqing Zhifei Biological Products Co Ltd</name>
        <lei>300300DRZD9P8L2NA467</lei>
        <title>CHONGQING ZHIFEI BIOLOGICAL PRODUCTS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000V20"/>
        </identifiers>
        <balance>13500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>127995.83000000</valUSD>
        <pctVal>0.013377521733</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>WINBOND ELECTRONICS CORP.</name>
        <lei>254900STBMBTLA91J410</lei>
        <title>WINBOND ELECTRONICS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002344009"/>
        </identifiers>
        <balance>238000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>88423.66000000</valUSD>
        <pctVal>0.009241624773</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>QUANTA COMPUTER INC.</name>
        <lei>529900DE8BIV3XOXIK04</lei>
        <title>QUANTA COMPUTER, INC.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002382009"/>
        </identifiers>
        <balance>1369000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>2711399.85000000</valUSD>
        <pctVal>0.283382751001</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 LIMITED</name>
        <lei>335800B4YRYWAMIJZ374</lei>
        <title>REC LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE020B01018"/>
        </identifiers>
        <balance>136393.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>159676.76000000</valUSD>
        <pctVal>0.016688663429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="non-U.S. government agency" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIRST ABU DHABI BANK P.J.S.C</name>
        <lei>2138002Y3WMK6RZS8H90</lei>
        <title>FIRST ABU DHABI BANK PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AEN000101016"/>
        </identifiers>
        <balance>542072.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.67280000"/>
        <valUSD>1397791.65000000</valUSD>
        <pctVal>0.146090604491</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>IFLYTEK CO., LTD</name>
        <lei>3003000T23C63KVWOH32</lei>
        <title>IFLYTEK CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000B81"/>
        </identifiers>
        <balance>100900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>482320.73000000</valUSD>
        <pctVal>0.050409892636</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>NEW CHINA LIFE INSURANCE COMPANY LTD.</name>
        <lei>529900QCDGPLPB62KH67</lei>
        <title>NEW CHINA LIFE INSURANCE COMPANY LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001922"/>
        </identifiers>
        <balance>22400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>68975.72000000</valUSD>
        <pctVal>0.007209017617</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA RESOURCES CEMENT HOLDINGS LIMITED</name>
        <lei>529900E0EOYXYJ0GHY66</lei>
        <title>CHINA RESOURCES CEMENT HOLDINGS, LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG2113L1068"/>
        </identifiers>
        <balance>1254000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>1473279.24000000</valUSD>
        <pctVal>0.153980212112</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SIBANYE STILLWATER LIMITED</name>
        <lei>378900F238434B74D281</lei>
        <title>SIBANYE STILLWATER LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000259701"/>
        </identifiers>
        <balance>720210.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>909734.70000000</valUSD>
        <pctVal>0.095081189138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Energy Absolute Public Company Limited</name>
        <lei>N/A</lei>
        <title>ENERGY ABSOLUTE PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH3545010003"/>
        </identifiers>
        <balance>688700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.81000000"/>
        <valUSD>706590.26000000</valUSD>
        <pctVal>0.073849488377</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TENCENT HOLDINGS LIMITED</name>
        <lei>254900N4SLUMW4XUYY11</lei>
        <title>TENCENT HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG875721634"/>
        </identifiers>
        <balance>1190985.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>58869444.53000000</valUSD>
        <pctVal>6.152757270699</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NOVATEK MICROELECTRONICS CORP.</name>
        <lei>N/A</lei>
        <title>NOVATEK MICROELECTRONICS CORP.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0003034005"/>
        </identifiers>
        <balance>71000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>400398.42000000</valUSD>
        <pctVal>0.041847758365</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>China Literature Ltd</name>
        <lei>529900YXWIZUFHMK8W28</lei>
        <title>CHINA LITERATURE LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG2121R1039"/>
        </identifiers>
        <balance>22400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>87964.46000000</valUSD>
        <pctVal>0.009193631350</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FOSUN INTERNATIONAL LIMITED</name>
        <lei>213800Z99WQEXDF82F09</lei>
        <title>FOSUN INTERNATIONAL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0656038673"/>
        </identifiers>
        <balance>67000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>76918.88000000</valUSD>
        <pctVal>0.008039199315</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>360 Security Technology Inc</name>
        <lei>N/A</lei>
        <title>360 SECURITY TECHNOLOGY INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002RZ2"/>
        </identifiers>
        <balance>263765.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>694344.27000000</valUSD>
        <pctVal>0.072569595139</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>DR.REDDY'S LABORATORIES LTD</name>
        <lei>335800OVDPY3DVZR2798</lei>
        <title>DR. REDDY'S LABORATORIES LIMITED - ADR</title>
        <cusip>256135203</cusip>
        <identifiers>
          <isin value="US2561352038"/>
        </identifiers>
        <balance>156985.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6331205.05000000</valUSD>
        <pctVal>0.661707753736</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yuexiu Property Company Limited</name>
        <lei>529900GASK6R1FD08W10</lei>
        <title>YUEXIU PROPERTY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0123000694"/>
        </identifiers>
        <balance>4500000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>804083.65000000</valUSD>
        <pctVal>0.084039038643</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>SAMSUNG ENGINEERING CO.,LTD</name>
        <lei>988400HDAY5KIVHGZ188</lei>
        <title>SAMSUNG ENGINEERING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7028050003"/>
        </identifiers>
        <balance>54624.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>450134.08000000</valUSD>
        <pctVal>0.047045895466</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POSCO</name>
        <lei>988400E5HRVX81AYLM04</lei>
        <title>POSCO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7005490008"/>
        </identifiers>
        <balance>16203.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>2132379.96000000</valUSD>
        <pctVal>0.222866317281</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>ORANGE POLSKA SPOLKA AKCYJNA</name>
        <lei>259400TOMPUOLS65II22</lei>
        <title>TELEKOMUNIKACJA POLSKA SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PLTLKPL00017"/>
        </identifiers>
        <balance>269900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="4.13320000"/>
        <valUSD>385551.77000000</valUSD>
        <pctVal>0.040296056384</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>XINJIANG GOLDWIND SCIENCE &amp; TECHNOLOGY CO.,LTD</name>
        <lei>529900UCUDMIZJ2ZJJ84</lei>
        <title>XINJIANG GOLDWIND SCIENCE &amp; TECHNOLOGY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000008S5"/>
        </identifiers>
        <balance>51700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>68477.20000000</valUSD>
        <pctVal>0.007156914653</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>Hefei Meyer Optoelectronic Technology Inc</name>
        <lei>N/A</lei>
        <title>HEFEI MEIYA OPTOELECTRONIC TECHNOLOGY INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001JZ1"/>
        </identifiers>
        <balance>16600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>87992.40000000</valUSD>
        <pctVal>0.009196551507</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>ZHEJIANG SUPOR CO., LTD</name>
        <lei>N/A</lei>
        <title>ZHEJIANG SUPOR CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001KS5"/>
        </identifiers>
        <balance>8200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>79356.09000000</valUSD>
        <pctVal>0.008293925033</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>BAIDU, INC.</name>
        <lei>254900AL64IANZYI1E02</lei>
        <title>BAIDU INC</title>
        <cusip>056752108</cusip>
        <identifiers>
          <isin value="US0567521085"/>
        </identifiers>
        <balance>48678.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4906255.62000000</valUSD>
        <pctVal>0.512778745899</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <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>Alibaba Pictures Group Limited</name>
        <lei>213800DWTSI7ACSGHN32</lei>
        <title>ALIBABA PICTURES GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG0171W1055"/>
        </identifiers>
        <balance>6640000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>847920.93000000</valUSD>
        <pctVal>0.088620704827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK VTB PAO</name>
        <lei>253400V1H6ART1UQ0N98</lei>
        <title>VTB BANK PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU000A0JP5V6"/>
        </identifiers>
        <balance>814600000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="78.48450000"/>
        <valUSD>332467.79000000</valUSD>
        <pctVal>0.034747968636</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JOYY INC.</name>
        <lei>549300N6CHVU5CQZPW24</lei>
        <title>JOYY INC</title>
        <cusip>46591M109</cusip>
        <identifiers>
          <isin value="US46591M1099"/>
        </identifiers>
        <balance>1500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>79890.00000000</valUSD>
        <pctVal>0.008349726794</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <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>SK TELECOM CO.,LTD</name>
        <lei>9884003WEA1PHW006037</lei>
        <title>SK TELECOM CO LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7017670001"/>
        </identifiers>
        <balance>4528.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>658660.34000000</valUSD>
        <pctVal>0.068840078723</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>Zhejiang Semir Garment Co Ltd</name>
        <lei>N/A</lei>
        <title>ZHEJIANG SEMIR GARMENT CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001104"/>
        </identifiers>
        <balance>61300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>60977.46000000</valUSD>
        <pctVal>0.006373077126</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>Grupo Financiero Banorte, S.A.B. de C.V.</name>
        <lei>N/A</lei>
        <title>GRUPO FINANCIERO BANORTE SAB DE CV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MXP370711014"/>
        </identifiers>
        <balance>461100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="23.71010000"/>
        <valUSD>1264081.55000000</valUSD>
        <pctVal>0.132115854151</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>Meituan Dianping</name>
        <lei>21380033K525E5JLIA77</lei>
        <title>MEITUAN DIANPING</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG596691041"/>
        </identifiers>
        <balance>36500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>435139.54000000</valUSD>
        <pctVal>0.045478736717</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>HERO MOTOCORP LIMITED</name>
        <lei>335800Q49FBMZJTRLK49</lei>
        <title>HERO MOTOCORP, LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE158A01026"/>
        </identifiers>
        <balance>91190.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>1923109.52000000</valUSD>
        <pctVal>0.200994355832</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>ZhongAn Online P &amp; C Insurance Co Ltd</name>
        <lei>5299006845ISFI2WAI41</lei>
        <title>ZHONGAN ONLINE P&amp;C INSURANCE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002QY7"/>
        </identifiers>
        <balance>29200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>94972.17000000</valUSD>
        <pctVal>0.009926044217</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="95440.63000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COUNTRY GARDEN HOLDINGS COMPANY LIMITED</name>
        <lei>549300MGHLPT1EFHGF84</lei>
        <title>COUNTRY GARDEN HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG245241032"/>
        </identifiers>
        <balance>3291000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>3934573.95000000</valUSD>
        <pctVal>0.411223151012</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALIBABA GROUP HOLDING LIMITED</name>
        <lei>5493001NTNQJDH60PM02</lei>
        <title>ALIBABA GROUP HOLDING LTD ADR</title>
        <cusip>01609W102</cusip>
        <identifiers>
          <isin value="US01609W1027"/>
        </identifiers>
        <balance>295584.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>57485176.32000000</valUSD>
        <pctVal>6.008080072508</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <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>KGHM POLSKA MIEDZ SPOLKA AKCYJNA</name>
        <lei>G30CO71KTT9JDYJESN22</lei>
        <title>KGHM POLSKA MIEDZ S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PLKGHM000017"/>
        </identifiers>
        <balance>3670.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="4.13320000"/>
        <valUSD>52496.31000000</valUSD>
        <pctVal>0.005486667245</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Air China Limited</name>
        <lei>213800I9TWC9K22N4502</lei>
        <title>AIR CHINA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001NN0"/>
        </identifiers>
        <balance>75400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>68416.60000000</valUSD>
        <pctVal>0.007150581026</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 Mobile Limited</name>
        <lei>529900U2JJ7GK68NI589</lei>
        <title>CHINA MOBILE LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0941009539"/>
        </identifiers>
        <balance>719000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>5388562.07000000</valUSD>
        <pctVal>0.563187146056</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INVESTEC LIMITED</name>
        <lei>213800CU7SM6O4UWOZ70</lei>
        <title>INVESTEC LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000081949"/>
        </identifiers>
        <balance>15823.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>29997.98000000</valUSD>
        <pctVal>0.003135247682</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>AMOREPACIFIC CORP.</name>
        <lei>N/A</lei>
        <title>AMOREPACIFIC CORP.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7090430000"/>
        </identifiers>
        <balance>18615.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>2553123.04000000</valUSD>
        <pctVal>0.266840403757</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>Advanced Petrochemical Company SJSC</name>
        <lei>N/A</lei>
        <title>ADVANCED PETROCHEMICAL CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA000A0LE310"/>
        </identifiers>
        <balance>63145.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75650000"/>
        <valUSD>743624.66000000</valUSD>
        <pctVal>0.077720149561</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WIPRO LIMITED</name>
        <lei>335800IFS1IJHESG8362</lei>
        <title>WIPRO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE075A01022"/>
        </identifiers>
        <balance>761754.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>1981853.90000000</valUSD>
        <pctVal>0.207134041947</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bangkok Bank Public Company Limited</name>
        <lei>549300CCL2BKJGMYXV60</lei>
        <title>BANGKOK BANK PUBLIC CO. LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0001010014"/>
        </identifiers>
        <balance>12200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.81000000"/>
        <valUSD>37256.95000000</valUSD>
        <pctVal>0.003893921062</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANTOFAGASTA PLC</name>
        <lei>213800MY6QVH4FVLD628</lei>
        <title>ANTOFAGASTA PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0000456144"/>
        </identifiers>
        <balance>734115.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80528000"/>
        <valUSD>7009458.59000000</valUSD>
        <pctVal>0.732595621508</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>Jiangxi Zhengbang Technology Co. Ltd.</name>
        <lei>30030098MS5Y5GREO955</lei>
        <title>JIANGXI ZHENGBANG TECHNOLOGY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000006H2"/>
        </identifiers>
        <balance>271600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>723428.43000000</valUSD>
        <pctVal>0.075609334656</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>VIPSHOP HOLDINGS LIMITED</name>
        <lei>549300I9F52K06HPZX60</lei>
        <title>VISHOP HOLDINGS LTD -ADR</title>
        <cusip>92763W103</cusip>
        <identifiers>
          <isin value="US92763W1036"/>
        </identifiers>
        <balance>56563.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>881251.54000000</valUSD>
        <pctVal>0.092104263312</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <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>Shanxi Meijin Energy Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SHANXI MEIJIN ENERGY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000005J2"/>
        </identifiers>
        <balance>82200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>74700.53000000</valUSD>
        <pctVal>0.007807347814</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>GS Holdings Corp.</name>
        <lei>N/A</lei>
        <title>GS HOLDINGS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7078930005"/>
        </identifiers>
        <balance>30590.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>922301.06000000</valUSD>
        <pctVal>0.096394565941</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>Central Retail Corporation PCL</name>
        <lei>N/A</lei>
        <title>CENTRAL RETAIL CORP-LOCAL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH9597010007"/>
        </identifiers>
        <balance>171629.72000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.81000000"/>
        <valUSD>146468.52000000</valUSD>
        <pctVal>0.015308200350</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PIDILITE INDUSTRIES LIMITED</name>
        <lei>335800APXGEBZ349GN74</lei>
        <title>PIDILITE INDUSTRIES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE318A01026"/>
        </identifiers>
        <balance>19352.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>346779.21000000</valUSD>
        <pctVal>0.036243730897</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>SINO BIOPHARMACEUTICAL LIMITED</name>
        <lei>529900LPR4ADFEJAR786</lei>
        <title>SINO BIOPHARMACEUTIICAL LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG8167W1380"/>
        </identifiers>
        <balance>490000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>639507.65000000</valUSD>
        <pctVal>0.066838329707</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>Sichuan Kelun Pharmaceutical Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SICHUAN KELUN PHARMACEUTICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000PW7"/>
        </identifiers>
        <balance>26100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>75346.93000000</valUSD>
        <pctVal>0.007874906500</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>HUATAI SECURITIES CO.,LTD.</name>
        <lei>3003009ABT0UCWO79Q77</lei>
        <title>HUATAI SECURITIES CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001YQ9"/>
        </identifiers>
        <balance>59000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>87025.60000000</valUSD>
        <pctVal>0.009095506122</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LENOVO GROUP LIMITED</name>
        <lei>254900VUZRGD5U73RE46</lei>
        <title>LENOVO GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0992009065"/>
        </identifiers>
        <balance>124000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>65690.17000000</valUSD>
        <pctVal>0.006865627394</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>KUMHO PETRO CHEMICAL CO.,LTD</name>
        <lei>N/A</lei>
        <title>KUMHO PETRO CHEMICAL CO LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7011780004"/>
        </identifiers>
        <balance>6700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>353745.13000000</valUSD>
        <pctVal>0.036971776070</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>INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED</name>
        <lei>5493002ERZU2K9PZDL40</lei>
        <title>INDUSTRIAL &amp; COMMERCIAL BANK OF CHINA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000003G1"/>
        </identifiers>
        <balance>12650440.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>8630142.70000000</valUSD>
        <pctVal>0.901981896865</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>Kweichow Moutai Co., Ltd.</name>
        <lei>N/A</lei>
        <title>KWEICHOW MOUTAI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000018R8"/>
        </identifiers>
        <balance>600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>93244.50000000</valUSD>
        <pctVal>0.009745476280</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>UNILEVER PLC</name>
        <lei>549300MKFYEKVRWML317</lei>
        <title>UNILEVER PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B10RZP78"/>
        </identifiers>
        <balance>165306.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80528000"/>
        <valUSD>8334427.35000000</valUSD>
        <pctVal>0.871075120280</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>BIM BIRLESIK MAGAZALAR ANONIM SIRKETI</name>
        <lei>N/A</lei>
        <title>BIM BIRLESIK MAGAZALAR AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TREBIMM00018"/>
        </identifiers>
        <balance>39242.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="6.60320000"/>
        <valUSD>298035.24000000</valUSD>
        <pctVal>0.031149240569</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mega Financial Holding Company Ltd.</name>
        <lei>N/A</lei>
        <title>MEGA FINANCIAL HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002886009"/>
        </identifiers>
        <balance>3561477.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>3344946.71000000</valUSD>
        <pctVal>0.349598086993</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>EVE Energy Co., Ltd.</name>
        <lei>300300FTCIO530XV7T38</lei>
        <title>EVE ENERGY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000GS4"/>
        </identifiers>
        <balance>15900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>128471.49000000</valUSD>
        <pctVal>0.013427235478</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>Tencent Music Entertainment Group</name>
        <lei>213800XTZK2GOHQTYK41</lei>
        <title>TENCENT MUSIC ENTERTAINMENT GROUP - ADR</title>
        <cusip>88034P109</cusip>
        <identifiers>
          <isin value="US88034P1093"/>
        </identifiers>
        <balance>15400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>154924.00000000</valUSD>
        <pctVal>0.016191927323</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <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>PetroChina Company Limited</name>
        <lei>529900RPY4YG47TRSV05</lei>
        <title>PETROCHINA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000003W8"/>
        </identifiers>
        <balance>6696000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>2426976.08000000</valUSD>
        <pctVal>0.253656117214</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 Dabeinong Technology Group Co., Ltd.</name>
        <lei>N/A</lei>
        <title>BEIJING DABEINONG TECHNOLOGY GROUP CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000N61"/>
        </identifiers>
        <balance>1136150.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>1374019.79000000</valUSD>
        <pctVal>0.143606081567</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>Advanced Info Service Public Company Limited</name>
        <lei>529900DU2YW1NO5RMU78</lei>
        <title>ADVANCED INFO SERVICE PUBLIC CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0268010Z03"/>
        </identifiers>
        <balance>275000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.81000000"/>
        <valUSD>1667739.24000000</valUSD>
        <pctVal>0.174304256078</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MultiChoice Group Ltd</name>
        <lei>254900BVQQ7DFBMSVJ81</lei>
        <title>MULTICHOICE GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000265971"/>
        </identifiers>
        <balance>79012.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>375849.36000000</valUSD>
        <pctVal>0.039282006156</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>KLABIN S.A.</name>
        <lei>N/A</lei>
        <title>KLABIN SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRKLBNCDAM18"/>
        </identifiers>
        <balance>372300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19530000"/>
        <valUSD>1145858.18000000</valUSD>
        <pctVal>0.119759703942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="units"/>
        <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>PT Pabrik Kertas Tjiwi Kimia Tbk</name>
        <lei>529900AYY9T852XBBO93</lei>
        <title>PABRIK KERTAS TJIWI</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000060403"/>
        </identifiers>
        <balance>286100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="16300.00000000"/>
        <valUSD>69631.67000000</valUSD>
        <pctVal>0.007277574423</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>NETEASE, INC.</name>
        <lei>5299004AF4DSJDB0PA32</lei>
        <title>NETEASE INC - ADR</title>
        <cusip>64110W102</cusip>
        <identifiers>
          <isin value="US64110W1027"/>
        </identifiers>
        <balance>8139.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2612293.44000000</valUSD>
        <pctVal>0.273024615477</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <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>JD.COM, INC.</name>
        <lei>549300HVTWB0GJZ16V92</lei>
        <title>JD.COM INC ADR</title>
        <cusip>47215P106</cusip>
        <identifiers>
          <isin value="US47215P1066"/>
        </identifiers>
        <balance>140900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5706450.00000000</valUSD>
        <pctVal>0.596411296347</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <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>State Bank of India</name>
        <lei>5493001JZ37UBBZF6L49</lei>
        <title>STATE BANK OF INDIA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE062A01020"/>
        </identifiers>
        <balance>681751.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>1771110.42000000</valUSD>
        <pctVal>0.185108125290</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RMB HOLDINGS LIMITED</name>
        <lei>529900RTFEWVDQQ0N866</lei>
        <title>RMB HOLDINGS LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000024501"/>
        </identifiers>
        <balance>16119.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>44118.09000000</valUSD>
        <pctVal>0.004611015123</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>LIFE HEALTHCARE GROUP HOLDINGS LIMITED</name>
        <lei>529900NEEWARTDD80135</lei>
        <title>LIFE HEALTHCARE GROUP HOLDINGS PTE LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000145892"/>
        </identifiers>
        <balance>628024.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>648831.60000000</valUSD>
        <pctVal>0.067812825078</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ABSA GROUP LIMITED</name>
        <lei>2138006IPPRD4N6XLT30</lei>
        <title>ABSA GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000255915"/>
        </identifiers>
        <balance>8100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>33731.12000000</valUSD>
        <pctVal>0.003525417905</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>Sinotruk (Hong Kong) Limited</name>
        <lei>529900BB4WA4W576X724</lei>
        <title>SINOTRUK HONG KONG LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK3808041546"/>
        </identifiers>
        <balance>54000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>88704.55000000</valUSD>
        <pctVal>0.009270982074</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>AGRICULTURAL BANK OF CHINA LIMITED</name>
        <lei>549300E7TSGLCOVSY746</lei>
        <title>AGRICULTURAL BANK OF CHINA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000Q43"/>
        </identifiers>
        <balance>6274000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>2505068.32000000</valUSD>
        <pctVal>0.261817950594</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>Emaar The Economic City SJSC</name>
        <lei>N/A</lei>
        <title>EMAAR ECONOMIC CITY</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA000A0KDVM8"/>
        </identifiers>
        <balance>262721.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75650000"/>
        <valUSD>474365.10000000</valUSD>
        <pctVal>0.049578407632</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Muangthai Capital Public Company Limited</name>
        <lei>N/A</lei>
        <title>MUANGTHAI CAPITAL PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH6068010Y02"/>
        </identifiers>
        <balance>857300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.81000000"/>
        <valUSD>908778.43000000</valUSD>
        <pctVal>0.094981244298</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grupo Aeroportuario del Sureste, S.A.B. de C.V.</name>
        <lei>5299001W7JIDXCUOUC82</lei>
        <title>GRUPO AEROPORTUARIO DE SUR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MXP001661018"/>
        </identifiers>
        <balance>193040.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="23.71010000"/>
        <valUSD>1818525.20000000</valUSD>
        <pctVal>0.190063694936</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>China Taiping Insurance Holdings Company Limited</name>
        <lei>529900C2G37NOIADYW07</lei>
        <title>CHINA TAIPING INSURANCE HOLDINGS COMPANY LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0000055878"/>
        </identifiers>
        <balance>38200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>61830.01000000</valUSD>
        <pctVal>0.006462181639</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOJAS AMERICANAS S.A.</name>
        <lei>N/A</lei>
        <title>LOJAS AMERICANAS S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRLAMEACNPR6"/>
        </identifiers>
        <balance>324433.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19530000"/>
        <valUSD>1124053.28000000</valUSD>
        <pctVal>0.117480758420</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YUZHOU PROPERTIES COMPANY LIMITED</name>
        <lei>213800MP59KHGJSPHE82</lei>
        <title>YUZHOU PROPERTIES COMPANY</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG9884T1013"/>
        </identifiers>
        <balance>204000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>85938.92000000</valUSD>
        <pctVal>0.008981931443</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GRANDJOY HOLDINGS GROUP CO., LTD.</name>
        <lei>N/A</lei>
        <title>GRANDJOY HOLDINGS GROUP CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000BJ5"/>
        </identifiers>
        <balance>91500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>68783.86000000</valUSD>
        <pctVal>0.007188965313</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>Fubon Financial Holding Co., Ltd.</name>
        <lei>549300G7Y2TS2XNIB476</lei>
        <title>FUBON FINANCIAL HOLDINGS CO., LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002881000"/>
        </identifiers>
        <balance>2709996.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>3350347.19000000</valUSD>
        <pctVal>0.350162519745</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>AUROBINDO PHARMA LTD</name>
        <lei>335800G4T2A353RDGM23</lei>
        <title>AUROBINDO PHARMA LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE406A01037"/>
        </identifiers>
        <balance>34614.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>186801.91000000</valUSD>
        <pctVal>0.019523656441</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>Y</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>N/A</cusip>
        <identifiers>
          <isin value="HK0688002218"/>
        </identifiers>
        <balance>1716000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>5261308.87000000</valUSD>
        <pctVal>0.549887240515</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 Huarong Asset Management Co., Ltd.</name>
        <lei>300300D2000111000062</lei>
        <title>CHINA HUARONG ASSET MANAGEMENT CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002367"/>
        </identifiers>
        <balance>607000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>76229.74000000</valUSD>
        <pctVal>0.007967173646</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LEE &amp; MAN PAPER MANUFACTURING LIMITED</name>
        <lei>30030066PNKQVCCC5G24</lei>
        <title>LEE &amp; MAN PAPER MANUFACTURING LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG5427W1309"/>
        </identifiers>
        <balance>139000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>83375.08000000</valUSD>
        <pctVal>0.008713970953</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>Commercial International Bank (Egypt) S.A.E.</name>
        <lei>213800FIIXJAMEVRIH48</lei>
        <title>COMMERCIAL INTERNATIONAL BANK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="EGS60121C018"/>
        </identifiers>
        <balance>498757.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EGP" exchangeRt="15.69000000"/>
        <valUSD>1855586.29000000</valUSD>
        <pctVal>0.193937145634</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KUMBA IRON ORE LIMITED</name>
        <lei>3789006C753402643048</lei>
        <title>KUMBA IRON ORE LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000085346"/>
        </identifiers>
        <balance>3537.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>55205.60000000</valUSD>
        <pctVal>0.005769829484</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>Grupo Aval Acciones y Valores S.A.</name>
        <lei>549300BBUKBHWLSUZM17</lei>
        <title>GRUPO AVAL ACCIONES Y VALORES</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="COT29PA00058"/>
        </identifiers>
        <balance>1637100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="COP" exchangeRt="4060.00000000"/>
        <valUSD>361694.26000000</valUSD>
        <pctVal>0.037802581725</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tech-bank Food Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>TECH-BANK FOOD CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000056"/>
        </identifiers>
        <balance>407700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>665332.38000000</valUSD>
        <pctVal>0.069537408942</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>Empresas CMPC S.A.</name>
        <lei>N/A</lei>
        <title>EMPRESAS CMPC S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CL0000001314"/>
        </identifiers>
        <balance>650292.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="855.40000000"/>
        <valUSD>1390441.98000000</valUSD>
        <pctVal>0.145322451574</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YONYOU NETWORK TECHNOLOGY CO.,LTD.</name>
        <lei>N/A</lei>
        <title>YONYOU NETWORK TECHNOLOGY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000017Y6"/>
        </identifiers>
        <balance>92520.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>521143.46000000</valUSD>
        <pctVal>0.054467461655</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>RONGSHENG PETROCHEMICAL CO., LTD.</name>
        <lei>N/A</lei>
        <title>RONGSHENG PETRO CHEMICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000W60"/>
        </identifiers>
        <balance>230400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>352936.33000000</valUSD>
        <pctVal>0.036887244101</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>PT Semen Indonesia (Persero) Tbk</name>
        <lei>2549006ADJYJS2SD8T24</lei>
        <title>PT SEMEN GRESIK (PERSERO) TBK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000106800"/>
        </identifiers>
        <balance>913200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="16300.00000000"/>
        <valUSD>424466.45000000</valUSD>
        <pctVal>0.044363235584</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>PT Astra International Tbk</name>
        <lei>529900L49TRJOMG4DK47</lei>
        <title>PT ASTRA INTERNATIONAL TBK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000122807"/>
        </identifiers>
        <balance>1627800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="16300.00000000"/>
        <valUSD>387246.80000000</valUSD>
        <pctVal>0.040473212942</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>ZEE ENTERTAINMENT ENTERPRISES LIMITED</name>
        <lei>N/A</lei>
        <title>ZEE ENTERTAINMENT ENTERPRISES</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE256A01028"/>
        </identifiers>
        <balance>22406.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>36467.14000000</valUSD>
        <pctVal>0.003811373838</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUNNY OPTICAL TECHNOLOGY (GROUP) COMPANY LIMITED</name>
        <lei>3003004QIVP0DFVVWM94</lei>
        <title>SUNNY OPTICAL TECHNOLOGY GROUP CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG8586D1097"/>
        </identifiers>
        <balance>52900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>699776.54000000</valUSD>
        <pctVal>0.073137350432</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>Synnex Technology International Corp.</name>
        <lei>529900GMBJ3R4A2WBC71</lei>
        <title>SYNNEX TECHNOLOGY INTERNATIONAL CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002347002"/>
        </identifiers>
        <balance>637900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>779810.43000000</valUSD>
        <pctVal>0.081502115932</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>Pou Chen Corporation</name>
        <lei>25490027LIXQ7W4PBH18</lei>
        <title>POU CHEN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0009904003"/>
        </identifiers>
        <balance>99620.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>84218.88000000</valUSD>
        <pctVal>0.008802160957</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>SHREE CEMENT LIMITED</name>
        <lei>335800W6FNBDUZ89L830</lei>
        <title>SHREE CEMENT LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE070A01015"/>
        </identifiers>
        <balance>5607.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>1291487.74000000</valUSD>
        <pctVal>0.134980220142</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEVERSTAL' PAO</name>
        <lei>213800OKDPTV6K4ONO53</lei>
        <title>SEVERSTAL - GDR REG S</title>
        <cusip>818150302</cusip>
        <identifiers>
          <isin value="US8181503025"/>
        </identifiers>
        <balance>113164.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1239845.88000000</valUSD>
        <pctVal>0.129582855989</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="GDR"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PSG GROUP LIMITED</name>
        <lei>378900CD0BEE79F35A34</lei>
        <title>PSG GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000013017"/>
        </identifiers>
        <balance>5531.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>39872.65000000</valUSD>
        <pctVal>0.004167301715</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>SK TELECOM CO.,LTD</name>
        <lei>9884003WEA1PHW006037</lei>
        <title>SK TELECOM CO., LTD., ADR</title>
        <cusip>78440P108</cusip>
        <identifiers>
          <isin value="US78440P1084"/>
        </identifiers>
        <balance>42094.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>684869.38000000</valUSD>
        <pctVal>0.071579324230</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAMSUNG FIRE &amp; MARINE INSURANCE CO.,LTD</name>
        <lei>988400JMBDK47EW0Z936</lei>
        <title>SAMSUNG FIRE &amp; MARINE INSURANCE CO., LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7000810002"/>
        </identifiers>
        <balance>31714.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>4011443.20000000</valUSD>
        <pctVal>0.419257163233</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>HDFC BANK LIMITED</name>
        <lei>335800ZQ6I4E2JXENC50</lei>
        <title>HDFC BANK LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE040A01034"/>
        </identifiers>
        <balance>318544.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>3630534.90000000</valUSD>
        <pctVal>0.379446420479</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>Industries Qatar Q.P.S.C</name>
        <lei>N/A</lei>
        <title>INDUSTRIES QATAR Q.S.C.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="QA000A0KD6K3"/>
        </identifiers>
        <balance>1361550.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="QAR" exchangeRt="3.64000000"/>
        <valUSD>2479761.65000000</valUSD>
        <pctVal>0.259173016553</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>QA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RELIANCE INDUSTRIES LIMITED</name>
        <lei>5493003UOETFYRONLG31</lei>
        <title>RELIANCE INDUSTRIES, LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE002A01018"/>
        </identifiers>
        <balance>508423.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>7414681.79000000</valUSD>
        <pctVal>0.774947643171</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>Axis Bank Limited</name>
        <lei>549300HVNWMJPOFVNI41</lei>
        <title>AXIS BANK LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE238A01034"/>
        </identifiers>
        <balance>387549.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>1937815.88000000</valUSD>
        <pctVal>0.202531395363</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GIANT MANUFACTURING CO., LTD.</name>
        <lei>549300M7TYVF50B2GY12</lei>
        <title>GIANT MANUFACTURING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0009921007"/>
        </identifiers>
        <balance>334422.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>1477777.62000000</valUSD>
        <pctVal>0.154450361618</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>Hana Financial Group Inc.</name>
        <lei>N/A</lei>
        <title>HANA FINANCIAL HOLDINGS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7086790003"/>
        </identifiers>
        <balance>46765.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>879927.29000000</valUSD>
        <pctVal>0.091965858935</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 Electric Group Company Limited</name>
        <lei>529900WHVV4GODE91T37</lei>
        <title>SHANGHAI ELECTRIC GROUP CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000D55"/>
        </identifiers>
        <balance>136100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>87435.53000000</valUSD>
        <pctVal>0.009138350076</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>SK Innovation Co., Ltd.</name>
        <lei>988400PXP70BWVSJVF07</lei>
        <title>SK INNOVATION CO., LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7096770003"/>
        </identifiers>
        <balance>20360.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>1440765.09000000</valUSD>
        <pctVal>0.150581986183</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 SDI CO., LTD.</name>
        <lei>9884002AESDO4YW87G32</lei>
        <title>SAMSUNG SDI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7006400006"/>
        </identifiers>
        <balance>4798.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>934239.82000000</valUSD>
        <pctVal>0.097642348946</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>Haitong Securities Co., Ltd.</name>
        <lei>300300E1003931000068</lei>
        <title>HAITONG SECURITIES CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000019K9"/>
        </identifiers>
        <balance>88400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>80300.14000000</valUSD>
        <pctVal>0.008392592696</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>SHOPRITE HOLDINGS LIMITED</name>
        <lei>529900Q4O1EYP6NH5150</lei>
        <title>SHOPRITE HOLDINGS LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000012084"/>
        </identifiers>
        <balance>9822.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>68712.22000000</valUSD>
        <pctVal>0.007181477837</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Foshan Haitian Flavouring and Food Co Ltd</name>
        <lei>N/A</lei>
        <title>FOSHAN HAITIAN FLAVOURING &amp; FOOD COMPANY LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001SL2"/>
        </identifiers>
        <balance>119927.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>2105526.66000000</valUSD>
        <pctVal>0.220059736751</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>Mr Price Group Ltd</name>
        <lei>378900D3417C35C5D733</lei>
        <title>MR PRICE GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000200457"/>
        </identifiers>
        <balance>8188.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>52010.31000000</valUSD>
        <pctVal>0.005435872812</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>ABOITIZ EQUITY VENTURES INC.</name>
        <lei>254900MDNXYJKHXO0P61</lei>
        <title>ABOITIZ EQUITY VENTURES INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PHY0001Z1040"/>
        </identifiers>
        <balance>1181140.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.85000000"/>
        <valUSD>871774.41000000</valUSD>
        <pctVal>0.091113758289</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOP GLOVE CORPORATION BHD.</name>
        <lei>N/A</lei>
        <title>TOP GLOVE CORP BHD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL7113OO003"/>
        </identifiers>
        <balance>310700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.31500000"/>
        <valUSD>463188.94000000</valUSD>
        <pctVal>0.048410327990</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SIME DARBY BERHAD</name>
        <lei>2549004CE1XFEGY1IW40</lei>
        <title>SIME DARBY BERHAD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL4197OO009"/>
        </identifiers>
        <balance>1695900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.31500000"/>
        <valUSD>668473.90000000</valUSD>
        <pctVal>0.069865745826</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHANGHAI INDUSTRIAL HOLDINGS LIMITED</name>
        <lei>529900S37EMGYP84J616</lei>
        <title>SHANGHAI INDUSTRIAL HOLDINGS LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0363006039"/>
        </identifiers>
        <balance>181000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>271119.66000000</valUSD>
        <pctVal>0.028336150826</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>Celltrion HealthCare Co Ltd</name>
        <lei>N/A</lei>
        <title>CELLTRION HEALTHCARE CO. LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7091990002"/>
        </identifiers>
        <balance>7018.20000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>512062.24000000</valUSD>
        <pctVal>0.053518335281</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>Beijing Tiantan Biological Products Corporation Limited</name>
        <lei>N/A</lei>
        <title>BEIJING TIANTAN BIOLOGICAL PRODUCTS CORP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000WF9"/>
        </identifiers>
        <balance>23000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>116979.78000000</valUSD>
        <pctVal>0.012226176035</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>NK LUKOIL PAO</name>
        <lei>549300LCJ1UJXHYBWI24</lei>
        <title>LUKOIL PJSC - ADR</title>
        <cusip>69343P105</cusip>
        <identifiers>
          <isin value="US69343P1057"/>
        </identifiers>
        <balance>38160.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2248833.90000000</valUSD>
        <pctVal>0.235037534994</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SASOL LIMITED</name>
        <lei>N/A</lei>
        <title>SASOL LIMITED</title>
        <cusip>803866102</cusip>
        <identifiers>
          <isin value="ZAE000006896"/>
        </identifiers>
        <balance>142761.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>296014.35000000</valUSD>
        <pctVal>0.030938026657</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>Taiwan Semiconductor Manufacturing Co., Ltd.</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002330008"/>
        </identifiers>
        <balance>5010551.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>45116262.41000000</valUSD>
        <pctVal>4.715339405461</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>Jiangsu Expressway Company Limited</name>
        <lei>529900UWWTWZ6AKLYD43</lei>
        <title>JIANGSU EXPRESS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000003J5"/>
        </identifiers>
        <balance>1516000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>1685036.97000000</valUSD>
        <pctVal>0.176112133405</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>TATUNG CO.</name>
        <lei>529900BJL17PBLYDPC59</lei>
        <title>TATUNG CO. LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002371002"/>
        </identifiers>
        <balance>1436000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>926768.84000000</valUSD>
        <pctVal>0.096861517279</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>CHINA EVERGRANDE GROUP</name>
        <lei>549300CUF7B1LAB15T90</lei>
        <title>CHINA EVERGRANDE GROUP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG2119W1069"/>
        </identifiers>
        <balance>38000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>62288.79000000</valUSD>
        <pctVal>0.006510131165</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>B2W - COMPANHIA DIGITAL</name>
        <lei>N/A</lei>
        <title>B2W CIA DIGITAL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRBTOWACNOR8"/>
        </identifiers>
        <balance>67700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19530000"/>
        <valUSD>625488.42000000</valUSD>
        <pctVal>0.065373105770</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>NanJi E-Commerce Co., LTD</name>
        <lei>N/A</lei>
        <title>NANJI E-COMMERCE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000080"/>
        </identifiers>
        <balance>61400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>99678.18000000</valUSD>
        <pctVal>0.010417894233</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>LARGAN Precision Co Ltd</name>
        <lei>N/A</lei>
        <title>LARGAN PRECISION COMPANY LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0003008009"/>
        </identifiers>
        <balance>57585.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>7272779.67000000</valUSD>
        <pctVal>0.760116701457</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>Nedbank Group Limited</name>
        <lei>N/A</lei>
        <title>NEDCOR LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000004875"/>
        </identifiers>
        <balance>5586.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>25841.66000000</valUSD>
        <pctVal>0.002700848678</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wus Printed Circuit Kunshan Co Ltd</name>
        <lei>N/A</lei>
        <title>WUS PRINTED CIRCUIT KUNSHAN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000SP5"/>
        </identifiers>
        <balance>27600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>91297.25000000</valUSD>
        <pctVal>0.009541958875</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>Cheng Shin Rubber Ind., Co., Ltd.</name>
        <lei>3003006VZBNKJZLNJ718</lei>
        <title>CHENG SHIN RUBBER INDUSTRY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002105004"/>
        </identifiers>
        <balance>1126000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>1143442.32000000</valUSD>
        <pctVal>0.119507209625</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>Li Ning Co Ltd</name>
        <lei>529900T77L2FV3FZ3U81</lei>
        <title>LI NING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG5496K1242"/>
        </identifiers>
        <balance>278500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>801237.89000000</valUSD>
        <pctVal>0.083741613202</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POWSZECHNY ZAKLAD UBEZPIECZEN SPOLKA AKCYJNA</name>
        <lei>QLPCKOOKVX32FUELX240</lei>
        <title>POWSZECHNY ZAKLAD UBEZPIECZEN SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PLPZU0000011"/>
        </identifiers>
        <balance>236005.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="4.13320000"/>
        <valUSD>1774307.07000000</valUSD>
        <pctVal>0.185442224103</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PT Kalbe Farma Tbk</name>
        <lei>529900PRQI8S32HOE387</lei>
        <title>PT KALBE FARMA TBK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000125107"/>
        </identifiers>
        <balance>46952984.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="16300.00000000"/>
        <valUSD>3444861.39000000</valUSD>
        <pctVal>0.360040699094</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>Momentum Metropolitan Holdings Limited</name>
        <lei>N/A</lei>
        <title>MOMENTUM METROPOLITAN HOLDINGS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000269890"/>
        </identifiers>
        <balance>542500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>473336.41000000</valUSD>
        <pctVal>0.049470893795</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Life Insurance Company Limited</name>
        <lei>549300J6TFLDXGH6S048</lei>
        <title>CHINA LIFE INSURANCE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000002L3"/>
        </identifiers>
        <balance>2401000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>4636598.44000000</valUSD>
        <pctVal>0.484595446598</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>PETROLEO BRASILEIRO S.A. - PETROBRAS</name>
        <lei>5493000J801JZRCMFE49</lei>
        <title>PETROLEO BRASILEIRO S.A. ADR</title>
        <cusip>71654V101</cusip>
        <identifiers>
          <isin value="US71654V1017"/>
        </identifiers>
        <balance>31935.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>172129.65000000</valUSD>
        <pctVal>0.017990180882</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <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>Pegatron Corporation</name>
        <lei>529900M87JQS8TUO0L66</lei>
        <title>PEGATRON CORP.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0004938006"/>
        </identifiers>
        <balance>589000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>1124208.43000000</valUSD>
        <pctVal>0.117496973968</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>BRASKEM S.A.</name>
        <lei>549300RPMQUFGBB7EY44</lei>
        <title>BRASKEM SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRBRKMACNPA4"/>
        </identifiers>
        <balance>13100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19530000"/>
        <valUSD>43420.40000000</valUSD>
        <pctVal>0.004538095848</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>COSCO SHIPPING Holdings Co., Ltd.</name>
        <lei>3003009XI0QGYYA29S17</lei>
        <title>COSCO SHIPPING HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000002J7"/>
        </identifiers>
        <balance>242500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>66184.70000000</valUSD>
        <pctVal>0.006917313342</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>AAC TECHNOLOGIES HOLDINGS INC.</name>
        <lei>549300SKEDE1VKS0A552</lei>
        <title>AAC TECHNOLOGIES HOLDINGS, INC.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG2953R1149"/>
        </identifiers>
        <balance>14000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>71395.63000000</valUSD>
        <pctVal>0.007461935220</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>SBERBANK ROSSII PAO</name>
        <lei>549300WE6TAF5EEWQS81</lei>
        <title>SBERBANK OF RUSSIA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU0009029540"/>
        </identifiers>
        <balance>1013417.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2354573.09000000</valUSD>
        <pctVal>0.246088897467</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Orbia Advance Corporation S.A.B. de CV</name>
        <lei>549300MVHZ20SBIOEQ79</lei>
        <title>ORBIA ADVANCE CORP SAB DE CV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX01OR010004"/>
        </identifiers>
        <balance>797725.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="23.71010000"/>
        <valUSD>877796.60000000</valUSD>
        <pctVal>0.091743169244</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>PTT Global Chemical Public Company Limited</name>
        <lei>5493007X3230PPPZFF40</lei>
        <title>PTT CHEMICAL PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH1074010014"/>
        </identifiers>
        <balance>429142.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.81000000"/>
        <valUSD>395137.45000000</valUSD>
        <pctVal>0.041297906542</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOHO CHINA LIMITED</name>
        <lei>529900DEZNBJ3OIZQO40</lei>
        <title>SOHO CHINA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG826001003"/>
        </identifiers>
        <balance>1147500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>586287.97000000</valUSD>
        <pctVal>0.061276059234</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>ZHEJIANG EXPRESSWAY CO., LTD.</name>
        <lei>213800X1ZRKM85U9H438</lei>
        <title>ZHEJIANG EXPRESSWAY CO. LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000004S4"/>
        </identifiers>
        <balance>1094000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>756100.56000000</valUSD>
        <pctVal>0.079024071911</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>Kangwon Land Inc</name>
        <lei>N/A</lei>
        <title>KANGWON LAND INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7035250000"/>
        </identifiers>
        <balance>70198.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>1131370.65000000</valUSD>
        <pctVal>0.118245535493</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>QATAR NATIONAL BANK (Q.P.S.C.)</name>
        <lei>549300FFSRVBS0SQXY75</lei>
        <title>QATAR NATIONAL BANK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="QA0006929895"/>
        </identifiers>
        <balance>277120.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="QAR" exchangeRt="3.64000000"/>
        <valUSD>1266715.48000000</valUSD>
        <pctVal>0.132391140118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>QA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Everbright Limited</name>
        <lei>254900EZ9RZF6UMLY516</lei>
        <title>CHINA EVERBRIGHT LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0165000859"/>
        </identifiers>
        <balance>58000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>85020.67000000</valUSD>
        <pctVal>0.008885960274</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>ASUSTEK COMPUTER INCORPORATION</name>
        <lei>254900B3WB4OGRB7HM13</lei>
        <title>ASUSTEK COMPUTER, INC.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002357001"/>
        </identifiers>
        <balance>313000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>2119751.51000000</valUSD>
        <pctVal>0.221546451123</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>Banpu Public Company Limited</name>
        <lei>529900AJ2Z6SUR6TSW75</lei>
        <title>BANPU PUBLIC CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0148A10Z14"/>
        </identifiers>
        <balance>946200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.81000000"/>
        <valUSD>150539.92000000</valUSD>
        <pctVal>0.015733723915</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED</name>
        <lei>335800QOAXP5TM7OYP69</lei>
        <title>ADANI PORTS AND SPECIAL ECON</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE742F01042"/>
        </identifiers>
        <balance>617761.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>2053213.36000000</valUSD>
        <pctVal>0.214592196850</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>Autohome Inc</name>
        <lei>529900NYB6ZGZN3MVT56</lei>
        <title>AUTOHOME INC</title>
        <cusip>05278C107</cusip>
        <identifiers>
          <isin value="US05278C1071"/>
        </identifiers>
        <balance>8900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>632078.00000000</valUSD>
        <pctVal>0.066061817657</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <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>OFILM Group Co., Ltd.</name>
        <lei>N/A</lei>
        <title>O-FILM TECH CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000S33"/>
        </identifiers>
        <balance>77290.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>147252.11000000</valUSD>
        <pctVal>0.015390097488</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>MONDI PLC</name>
        <lei>213800LOZA69QFDC9N34</lei>
        <title>MONDI PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B1CRLC47"/>
        </identifiers>
        <balance>216627.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>3679119.37000000</valUSD>
        <pctVal>0.384524240618</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>China TransInfo Technology Co., Ltd</name>
        <lei>N/A</lei>
        <title>CHINA TRANSINFO TECHNOLOGY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000MJ1"/>
        </identifiers>
        <balance>38000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>108080.03000000</valUSD>
        <pctVal>0.011296016052</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>UNI-PRESIDENT ENTERPRISES CORP.</name>
        <lei>254900DAXBDMVEXU5959</lei>
        <title>PRESIDENT ENTERPRISES CORP.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0001216000"/>
        </identifiers>
        <balance>2593652.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>5614952.25000000</valUSD>
        <pctVal>0.586848382155</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>REDEFINE PROPERTIES LIMITED</name>
        <lei>37890061EC026A7DA532</lei>
        <title>REDEFINE PROPERTIES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000190252"/>
        </identifiers>
        <balance>1249711.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>165491.04000000</valUSD>
        <pctVal>0.017296344610</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>EXXARO RESOURCES LIMITED</name>
        <lei>378900BC3D9BFF4E4A37</lei>
        <title>EXXARO RESOURCES</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000084992"/>
        </identifiers>
        <balance>109992.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>603527.68000000</valUSD>
        <pctVal>0.063077872584</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>East Money Information Co., Ltd.</name>
        <lei>N/A</lei>
        <title>EAST MONEY INFORMATION CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000MD4"/>
        </identifiers>
        <balance>45200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>101410.99000000</valUSD>
        <pctVal>0.010598999379</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>MAGAZINE LUIZA S.A.</name>
        <lei>N/A</lei>
        <title>MAGAZINE LUIZA SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRMGLUACNOR2"/>
        </identifiers>
        <balance>189000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19530000"/>
        <valUSD>1418418.57000000</valUSD>
        <pctVal>0.148246433088</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</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</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7105560007"/>
        </identifiers>
        <balance>48138.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>1354001.08000000</valUSD>
        <pctVal>0.141513820217</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TATA MOTORS LIMITED</name>
        <lei>335800BO2LHWJJ8TZI32</lei>
        <title>TATA MOTORS LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE155A01022"/>
        </identifiers>
        <balance>38270.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>35536.39000000</valUSD>
        <pctVal>0.003714096229</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>NOVATEK PAO</name>
        <lei>2138008R6GCRVBDFA581</lei>
        <title>NOVATEK OAO SPONS GDR</title>
        <cusip>669888109</cusip>
        <identifiers>
          <isin value="US6698881090"/>
        </identifiers>
        <balance>25937.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2941076.82000000</valUSD>
        <pctVal>0.307387506921</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="GDR"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LG Display Co., Ltd.</name>
        <lei>988400P37K91W0SABO95</lei>
        <title>LG DISPLAY CO., LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7034220004"/>
        </identifiers>
        <balance>35797.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>321688.62000000</valUSD>
        <pctVal>0.033621380521</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>GAIL (INDIA) LIMITED</name>
        <lei>335800N82LJD42ZA5L32</lei>
        <title>GAIL INDIA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE129A01019"/>
        </identifiers>
        <balance>479732.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>481652.42000000</valUSD>
        <pctVal>0.050340044020</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>COCA-COLA FEMSA, S.A.B. DE C.V.</name>
        <lei>5493008KEVFYPMGTXO33</lei>
        <title>COCA-COLA FEMSA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX01KO000002"/>
        </identifiers>
        <balance>386200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="23.71010000"/>
        <valUSD>1557987.10000000</valUSD>
        <pctVal>0.162833478958</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="units"/>
        <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>PT Indah Kiat Pulp &amp; Paper Tbk</name>
        <lei>529900F19DXXA9HNCB51</lei>
        <title>INDAH KIAT PULP &amp; PAPER TBK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000062201"/>
        </identifiers>
        <balance>687800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="16300.00000000"/>
        <valUSD>168049.76000000</valUSD>
        <pctVal>0.017563769981</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>SANLAM LIMITED</name>
        <lei>37890014418406D9FC23</lei>
        <title>SANLAM LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000070660"/>
        </identifiers>
        <balance>16089.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>45860.30000000</valUSD>
        <pctVal>0.004793102712</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA RESOURCES LAND LIMITED</name>
        <lei>5299001HL0TU7X15HK51</lei>
        <title>CHINA RESOURCES LAND LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG2108Y1052"/>
        </identifiers>
        <balance>1140194.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>4653844.66000000</valUSD>
        <pctVal>0.486397940342</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>Hartalega Holdings Bhd</name>
        <lei>N/A</lei>
        <title>HARTALEGA HOLDINGS BHD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL5168OO009"/>
        </identifiers>
        <balance>281400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.31500000"/>
        <valUSD>447594.36000000</valUSD>
        <pctVal>0.046780455885</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhejiang Dingli Machinery Co Ltd</name>
        <lei>N/A</lei>
        <title>ZHEJIANG DINGLI MACHINERY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000023M7"/>
        </identifiers>
        <balance>9600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>76782.10000000</valUSD>
        <pctVal>0.008024903713</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>COSCO SHIPPING Holdings Co., Ltd.</name>
        <lei>3003009XI0QGYYA29S17</lei>
        <title>COSCO SHIPPING HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000601"/>
        </identifiers>
        <balance>888000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>508471.72000000</valUSD>
        <pctVal>0.053143071030</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>KOREA ELECTRIC POWER CORPORATION</name>
        <lei>988400QG33WS7JEIV602</lei>
        <title>KOREA ELECTRIC POWER CORPORATION LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7015760002"/>
        </identifiers>
        <balance>52858.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>825482.25000000</valUSD>
        <pctVal>0.086275519602</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>SUNAC CHINA HOLDINGS LIMITED</name>
        <lei>549300OLARYHDXP3WK18</lei>
        <title>SUNAC CHINA HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG8569A1067"/>
        </identifiers>
        <balance>155000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>706941.64000000</valUSD>
        <pctVal>0.073886212961</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMBUJA CEMENTS LIMITED</name>
        <lei>335800NT6LQHR1428E20</lei>
        <title>AMBUJA CEMENTS, LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE079A01024"/>
        </identifiers>
        <balance>319100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>656066.20000000</valUSD>
        <pctVal>0.068568951420</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>Inner Mongolia Mengdian Huaneng Thermal Power Corporation Limited</name>
        <lei>N/A</lei>
        <title>INNER MONGOLIA MENGDIAN HUANENG THERMAL POWER CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000GN6"/>
        </identifiers>
        <balance>245200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>88438.93000000</valUSD>
        <pctVal>0.009243220721</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>COWAY Co., Ltd.</name>
        <lei>N/A</lei>
        <title>COWAY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7021240007"/>
        </identifiers>
        <balance>22971.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>1086748.80000000</valUSD>
        <pctVal>0.113581869745</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>TIM Participacoes S.A.</name>
        <lei>529900UXXIJCZN232R31</lei>
        <title>TIM PARTICIPACOES S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRTIMPACNOR1"/>
        </identifiers>
        <balance>648400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19530000"/>
        <valUSD>1552575.60000000</valUSD>
        <pctVal>0.162267894448</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>WALSIN TECHNOLOGY CORPORATION</name>
        <lei>N/A</lei>
        <title>WALSIN TECHNOLOGY CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002492006"/>
        </identifiers>
        <balance>59000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>311773.36000000</valUSD>
        <pctVal>0.032585084212</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>The Pacific Securities Co., Ltd.</name>
        <lei>3003000RM76TNJFFR402</lei>
        <title>PACIFIC SECURITIES CO LTD/THE/CHINA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000008V9"/>
        </identifiers>
        <balance>207300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>96483.81000000</valUSD>
        <pctVal>0.010084033715</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>GAZPROM PAO</name>
        <lei>213800FD9J2IHTA7YX78</lei>
        <title>OAO GAZPROM - ADR</title>
        <cusip>368287207</cusip>
        <identifiers>
          <isin value="US3682872078"/>
        </identifiers>
        <balance>280855.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1273603.97000000</valUSD>
        <pctVal>0.133111092672</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Beijing Shiji Information Technology Co., Ltd.</name>
        <lei>N/A</lei>
        <title>BEIJING SHIJI INFORMATION TECHNOLOGY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000668"/>
        </identifiers>
        <balance>123400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>497413.36000000</valUSD>
        <pctVal>0.051987303289</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>HIWIN TECHNOLOGIES CORP.</name>
        <lei>N/A</lei>
        <title>HIWIN TECHNOLOGIES CORPORATION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002049004"/>
        </identifiers>
        <balance>183340.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>1206140.64000000</valUSD>
        <pctVal>0.126060142939</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>HYUNDAI MOTOR COMPANY</name>
        <lei>9884004RQX8PRBXQ8S60</lei>
        <title>HYUNDAI MOTOR CO LTD - PFD STK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7005381009"/>
        </identifiers>
        <balance>5056.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>212074.57000000</valUSD>
        <pctVal>0.022165035918</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>China Molybdenum Co., Ltd.</name>
        <lei>2549008KG3638J59U652</lei>
        <title>CHINA MOLYBDENUM CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000114"/>
        </identifiers>
        <balance>285000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>78348.36000000</valUSD>
        <pctVal>0.008188601837</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>HYUNDAI MARINE &amp; FIRE INSURANCE CO., LTD.</name>
        <lei>988400SYR92543UITC37</lei>
        <title>HYUNDAI MARINE &amp; FIRE INSURANCE CO. LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7001450006"/>
        </identifiers>
        <balance>18178.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>336162.93000000</valUSD>
        <pctVal>0.035134167278</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>MOSKOVSKAYA BIRZHA MMVB-RTS PAO</name>
        <lei>253400M5M1222KPNWE87</lei>
        <title>THE MOSCOW EXCHANGE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU000A0JR4A1"/>
        </identifiers>
        <balance>2118666.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2603263.52000000</valUSD>
        <pctVal>0.272080850738</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Al Rajhi Banking &amp; Investment Corporation SJSC</name>
        <lei>558600BQZS4Y1DTU8589</lei>
        <title>AL RAJHI BANK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA0007879113"/>
        </identifiers>
        <balance>149250.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75650000"/>
        <valUSD>2137377.83000000</valUSD>
        <pctVal>0.223388671130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POSCO CHEMICAL CO., LTD.</name>
        <lei>N/A</lei>
        <title>POSCO CHEMICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7003670007"/>
        </identifiers>
        <balance>6713.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>238085.74000000</valUSD>
        <pctVal>0.024883600984</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>BID CORPORATION LIMITED</name>
        <lei>N/A</lei>
        <title>BID CORP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000216537"/>
        </identifiers>
        <balance>69391.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>818711.97000000</valUSD>
        <pctVal>0.085567921801</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>Fibra Uno Administracion, S.A. de C.V</name>
        <lei>N/A</lei>
        <title>FIBRA UNO AMDINISTRACION SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MXCFFU000001"/>
        </identifiers>
        <balance>573300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="23.71010000"/>
        <valUSD>449498.19000000</valUSD>
        <pctVal>0.046979435236</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="REIT"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WOOLWORTHS HOLDINGS LIMITED</name>
        <lei>37890095421E07184E97</lei>
        <title>WOOLWORTHS HOLDINGS LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000063863"/>
        </identifiers>
        <balance>22743.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>35088.24000000</valUSD>
        <pctVal>0.003667257700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NATURA &amp; CO HOLDING S.A.</name>
        <lei>N/A</lei>
        <title>NATURA &amp; CO HLDG SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRNTCOACNOR5"/>
        </identifiers>
        <balance>208600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19530000"/>
        <valUSD>1033504.13000000</valUSD>
        <pctVal>0.108016987435</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>Sahara International Petrochemical Company SJSC</name>
        <lei>N/A</lei>
        <title>SAHARA INTERNATIONAL PETROCHEMICAL CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA000A0KFKK0"/>
        </identifiers>
        <balance>46591.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75650000"/>
        <valUSD>151455.23000000</valUSD>
        <pctVal>0.015829387809</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BAIC MOTOR Corporation Limited</name>
        <lei>5299003EYHISIDNLZQ19</lei>
        <title>BAIC MOTOR CORPORATION LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001TJ4"/>
        </identifiers>
        <balance>186000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>73166.94000000</valUSD>
        <pctVal>0.007647064205</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bangkok Bank Public Company Limited</name>
        <lei>549300CCL2BKJGMYXV60</lei>
        <title>BANGKOK BANK PUBLIC CO. NVDR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0001010R16"/>
        </identifiers>
        <balance>16300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.81000000"/>
        <valUSD>49777.06000000</valUSD>
        <pctVal>0.005202464033</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="depository receipt"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOUTHERN COPPER CORPORATION</name>
        <lei>2549007U6NAP46Q9TU15</lei>
        <title>SOUTHERN COPPER CORP</title>
        <cusip>84265V105</cusip>
        <identifiers>
          <isin value="US84265V1052"/>
        </identifiers>
        <balance>6800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>191488.00000000</valUSD>
        <pctVal>0.020013424513</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>FIRSTRAND LIMITED</name>
        <lei>529900XYOP8CUZU7R671</lei>
        <title>FIRSTRAND LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000066304"/>
        </identifiers>
        <balance>987428.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>2218089.29000000</valUSD>
        <pctVal>0.231824253058</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wuxi Biologics Cayman Inc</name>
        <lei>5493001TD2TH6VDTJU11</lei>
        <title>WUXI BIOLOGICS CAYMAN INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG970081090"/>
        </identifiers>
        <balance>35000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>446853.44000000</valUSD>
        <pctVal>0.046703018413</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Walvax Biotechnology Co., Ltd.</name>
        <lei>N/A</lei>
        <title>WALVAX BIOTECHNOLOGY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000WN2"/>
        </identifiers>
        <balance>470475.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>2082964.21000000</valUSD>
        <pctVal>0.217701615668</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>Indorama Ventures Public Company Limited</name>
        <lei>N/A</lei>
        <title>INDORAMA VENTURES PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH1027010R10"/>
        </identifiers>
        <balance>89800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.81000000"/>
        <valUSD>58138.99000000</valUSD>
        <pctVal>0.006076413601</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="depository receipt"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KINGBOARD HOLDINGS LIMITED</name>
        <lei>529900G89MY26MMSDR76</lei>
        <title>KINGBOARD HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG525621408"/>
        </identifiers>
        <balance>34000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>78822.44000000</valUSD>
        <pctVal>0.008238150447</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>China Southern Airlines Company Limited</name>
        <lei>529900AJQ1Q18ABYVX84</lei>
        <title>CHINA SOUTHERN AIRLINES CO. LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000002T6"/>
        </identifiers>
        <balance>162000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>68655.37000000</valUSD>
        <pctVal>0.007175536142</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="688.42000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GLOBANT S.A.</name>
        <lei>2221008DCMSPYS42DS88</lei>
        <title>GLOBANT SA</title>
        <cusip>L44385109</cusip>
        <identifiers>
          <isin value="LU0974299876"/>
        </identifiers>
        <balance>1000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>87880.00000000</valUSD>
        <pctVal>0.009184803988</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VALE S.A.</name>
        <lei>254900SMTWBX7RU2SR20</lei>
        <title>VALE SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRVALEACNOR0"/>
        </identifiers>
        <balance>554600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19530000"/>
        <valUSD>4613749.35000000</valUSD>
        <pctVal>0.482207367252</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>Bupa Arabia for Cooperative Insurance Company SJSC</name>
        <lei>558600B2WJHD5P31XS68</lei>
        <title>BUPA ARABIA FOR COOPERATIVE INSURANCE CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA1210540914"/>
        </identifiers>
        <balance>16955.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75650000"/>
        <valUSD>411377.07000000</valUSD>
        <pctVal>0.042995195192</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>The Commercial Bank (P.S.Q.C.)</name>
        <lei>2138004FUUD4I7X8H721</lei>
        <title>COMMERCIAL BANK OF QATAR QSC (THE)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="QA0007227752"/>
        </identifiers>
        <balance>427550.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="QAR" exchangeRt="3.64000000"/>
        <valUSD>454961.15000000</valUSD>
        <pctVal>0.047550398103</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>QA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PT Indocement Tunggal Prakarsa Tbk</name>
        <lei>529900U7IH8JW3FMGM30</lei>
        <title>INDOCEMENT TUNGGAL PRAKARSA TBK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000061302"/>
        </identifiers>
        <balance>436600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="16300.00000000"/>
        <valUSD>332714.88000000</valUSD>
        <pctVal>0.034773793320</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>Banco Bradesco S.A.</name>
        <lei>549300CTUU1RFXHQJE44</lei>
        <title>BANCO BRADESCO SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRBBDCACNPR8"/>
        </identifiers>
        <balance>484200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19530000"/>
        <valUSD>1935756.16000000</valUSD>
        <pctVal>0.202316123123</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUADONG MEDICINE CO .,LTD</name>
        <lei>N/A</lei>
        <title>HUADONG MEDICINE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000011S1"/>
        </identifiers>
        <balance>25200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>61346.45000000</valUSD>
        <pctVal>0.006411642224</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>YUNDA Holding CO., Ltd.</name>
        <lei>N/A</lei>
        <title>YUNDA HOLDING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000015"/>
        </identifiers>
        <balance>229100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>987103.01000000</valUSD>
        <pctVal>0.103167360762</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>CEMEX S.A.B. de C.V.</name>
        <lei>549300RIG2CXWN6IV731</lei>
        <title>CEMEX SAB DE CV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MXP225611567"/>
        </identifiers>
        <balance>2686000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="23.71010000"/>
        <valUSD>558495.32000000</valUSD>
        <pctVal>0.058371302264</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>Ovctek China Inc</name>
        <lei>N/A</lei>
        <title>OVCTEK CHINA INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002MR0"/>
        </identifiers>
        <balance>11200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>86543.79000000</valUSD>
        <pctVal>0.009045149608</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>CITIC Securities Company Limited</name>
        <lei>300300E1006744000068</lei>
        <title>CITIC SECURITIES CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001DB6"/>
        </identifiers>
        <balance>29100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>90240.27000000</valUSD>
        <pctVal>0.009431488300</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>Ping An Insurance (Group) Company of China, Ltd.</name>
        <lei>529900M9MC28JLN35U89</lei>
        <title>PING AN INSURANCE GROUP CO OF CHINA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000003X6"/>
        </identifiers>
        <balance>1700838.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>16611363.82000000</valUSD>
        <pctVal>1.736141564367</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>MAHINDRA AND MAHINDRA LIMITED</name>
        <lei>3358003B573EV4KB4Z02</lei>
        <title>MAHINDRA &amp; MAHINDRA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE101A01026"/>
        </identifiers>
        <balance>669836.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>2501426.56000000</valUSD>
        <pctVal>0.261437330979</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>Sino-Ocean Group Holding Limited</name>
        <lei>529900OLNN3N4AB8ME83</lei>
        <title>SINO-OCEAN GROUP HOLDING LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK3377040226"/>
        </identifiers>
        <balance>678000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>171691.53000000</valUSD>
        <pctVal>0.017944390642</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>MediaTek Inc.</name>
        <lei>254900UEGBK1I4DM4E14</lei>
        <title>MEDIATEK INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002454006"/>
        </identifiers>
        <balance>457156.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>4907814.50000000</valUSD>
        <pctVal>0.512941672699</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>S&amp;P500 EMINI OPTN MAY20C (CALL OPTION)</name>
        <lei>N/A</lei>
        <title>S&amp;P500 EMINI OPTN MAY20C (CALL OPTION)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal" value="SCK0C3000"/>
        </identifiers>
        <balance>-75.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-41250.00000000</valUSD>
        <pctVal>-0.00431125585</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>XCME</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <futrDeriv derivCat="FUT">
                  <counterparties>
                    <counterpartyName>XCME</counterpartyName>
                    <counterpartyLei>N/A</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>S&amp;P500 EMINI</name>
                    <lei>N/A</lei>
                    <title>S&amp;P500 EMINI</title>
                    <cusip>N/A</cusip>
                    <identifiers>
                      <ticker value="SCK0"/>
                    </identifiers>
                    <balance>N/A</balance>
                    <units>NC</units>
                    <descOthUnits>N/A</descOthUnits>
                    <curCd>N/A</curCd>
                    <valUSD>N/A</valUSD>
                    <pctVal>N/A</pctVal>
                    <assetCat>DE</assetCat>
                    <issuerConditional desc="Index future" issuerCat="OTHER"/>
                  </derivAddlInfo>
                  <payOffProf>N/A</payOffProf>
                  <descRefInstrmnt>
                    <indexBasketInfo>
                      <indexName>S&amp;P500 EMINI</indexName>
                      <indexIdentifier>SCK0</indexIdentifier>
                    </indexBasketInfo>
                  </descRefInstrmnt>
                  <expDate>2020-05-29</expDate>
                  <notionalAmt>0</notionalAmt>
                  <curCd>USD</curCd>
                </futrDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <principalAmt>50.00000000</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>3000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2020-05-29</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>71133.00000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Trip.com Group Limited</name>
        <lei>2549004RMYDSRQL4KW41</lei>
        <title>TRIP COM GROUP LTD</title>
        <cusip>89677Q107</cusip>
        <identifiers>
          <isin value="US89677Q1076"/>
        </identifiers>
        <balance>49000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1149050.00000000</valUSD>
        <pctVal>0.120093297946</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <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>HOTEL SHILLA CO.,LTD</name>
        <lei>N/A</lei>
        <title>HOTEL SHILLA CO., LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7008770000"/>
        </identifiers>
        <balance>5698.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>326116.16000000</valUSD>
        <pctVal>0.034084126163</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>SHIMAO PROPERTY HOLDINGS LIMITED</name>
        <lei>254900WTJ6B5CU69ZD26</lei>
        <title>SHIMAO PROPERTY HOLDINGS LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG810431042"/>
        </identifiers>
        <balance>735000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>2547315.03000000</valUSD>
        <pctVal>0.266233377887</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>E.SUN FINANCIAL HOLDING COMPANY,LTD.</name>
        <lei>549300X6CNQE512OPC90</lei>
        <title>E.SUN FINANCIAL HOLDING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002884004"/>
        </identifiers>
        <balance>4146635.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>3310786.75000000</valUSD>
        <pctVal>0.346027848749</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>STANDARD FOODS CORPORATION</name>
        <lei>529900Z75SWDTBZ8IC92</lei>
        <title>STANDARD FOODS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0001227007"/>
        </identifiers>
        <balance>1311318.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>2646380.79000000</valUSD>
        <pctVal>0.276587264865</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>PINDUODUO INC.</name>
        <lei>N/A</lei>
        <title>PINDUODUO INC-ADR</title>
        <cusip>722304102</cusip>
        <identifiers>
          <isin value="US7223041028"/>
        </identifiers>
        <balance>10821.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>389880.63000000</valUSD>
        <pctVal>0.040748488457</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <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>CHINA CONCH VENTURE HOLDINGS LIMITED</name>
        <lei>N/A</lei>
        <title>CHINA CONCH VENTURE HOLDINS LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG2116J1085"/>
        </identifiers>
        <balance>1016500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>4508317.79000000</valUSD>
        <pctVal>0.471188156818</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>WIN SEMICONDUCTORS CORP.</name>
        <lei>529900G3R9LZ0M2UBM97</lei>
        <title>WIN SEMICONDUCTORS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0003105003"/>
        </identifiers>
        <balance>42000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>360531.75000000</valUSD>
        <pctVal>0.037681081651</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>BHARAT PETROLEUM CORPORATION LIMITED</name>
        <lei>8GRDBX1TJ0PU5NCSHT72</lei>
        <title>BHARAT PERTOLEUM CORP., LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE029A01011"/>
        </identifiers>
        <balance>243767.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>1020275.25000000</valUSD>
        <pctVal>0.106634367160</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>Woori Financial Group Inc.</name>
        <lei>N/A</lei>
        <title>WOORI FINANCIAL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7316140003"/>
        </identifiers>
        <balance>226272.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>1407939.00000000</valUSD>
        <pctVal>0.147151157754</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>Autobio Diagnostics Co., Ltd.</name>
        <lei>N/A</lei>
        <title>AUTOBIO DIAGNOSTICS CO LTD-A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002GC4"/>
        </identifiers>
        <balance>6100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>99432.96000000</valUSD>
        <pctVal>0.010392264993</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>INDUSTRIAL BANK OF KOREA</name>
        <lei>988400RBIWE3YA18PK12</lei>
        <title>INDUSTRIAL BANK OF KOREA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7024110009"/>
        </identifiers>
        <balance>42225.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>258031.57000000</valUSD>
        <pctVal>0.026968245259</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="non-U.S. government agency" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wistron Corporation</name>
        <lei>254900DIEONKUALBFM06</lei>
        <title>WISTRON CORPORATION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0003231007"/>
        </identifiers>
        <balance>1877155.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>1517876.50000000</valUSD>
        <pctVal>0.158641307828</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>HENGAN INTERNATIONAL GROUP COMPANY LIMITED</name>
        <lei>N/A</lei>
        <title>HENGAN INTERNATIONAL GROUP CO. LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG4402L1510"/>
        </identifiers>
        <balance>358000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>2674052.16000000</valUSD>
        <pctVal>0.279479346221</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>TATA CONSULTANCY SERVICES LIMITED</name>
        <lei>335800ZJKU9GPQRE2U66</lei>
        <title>TATA CONSULTANCY VSS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE467B01029"/>
        </identifiers>
        <balance>523006.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>12583238.26000000</valUSD>
        <pctVal>1.315140839382</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ABOITIZ POWER CORP.</name>
        <lei>254900UHTKF4VBSFTL94</lei>
        <title>ABOITIZ POWER CORP.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PHY0005M1090"/>
        </identifiers>
        <balance>719500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.85000000"/>
        <valUSD>368991.48000000</valUSD>
        <pctVal>0.038565252815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GDS HOLDINGS LIMITED</name>
        <lei>391200MGV8DDCHTN2R77</lei>
        <title>GDS HOLDINGS LTD</title>
        <cusip>36165L108</cusip>
        <identifiers>
          <isin value="US36165L1089"/>
        </identifiers>
        <balance>18700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1084039.00000000</valUSD>
        <pctVal>0.113298654203</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <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>BYD Electronic (International) Company Limited</name>
        <lei>5299001O3LAFGRPZ3Y63</lei>
        <title>BYD ELECTRONIC INTERNATIONAL CO. LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0285041858"/>
        </identifiers>
        <balance>194500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>319826.23000000</valUSD>
        <pctVal>0.033426732283</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>Medy Tox Inc</name>
        <lei>N/A</lei>
        <title>MEDY-TOX INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7086900008"/>
        </identifiers>
        <balance>1278.23000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>203377.42000000</valUSD>
        <pctVal>0.021256050733</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>GF Securities Company Limited</name>
        <lei>3003007E0Y3ZJ5HNA936</lei>
        <title>GF SECURITIES CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001TQ9"/>
        </identifiers>
        <balance>85000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>90326.62000000</valUSD>
        <pctVal>0.009440513196</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>BB Seguridade Participacoes S.A.</name>
        <lei>N/A</lei>
        <title>BB SEGURIDADE PARTICIPACOES SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRBBSEACNOR5"/>
        </identifiers>
        <balance>400350.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19530000"/>
        <valUSD>1914941.87000000</valUSD>
        <pctVal>0.200140711496</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>KAISA GROUP HOLDINGS LTD.</name>
        <lei>254900N8L3L7NRJT0120</lei>
        <title>KAISA GROUP HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG521321003"/>
        </identifiers>
        <balance>376000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>137114.93000000</valUSD>
        <pctVal>0.014330607146</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>Perfect World Co Ltd</name>
        <lei>N/A</lei>
        <title>PERFECT WORLD CO LTD/CHINA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000018W6"/>
        </identifiers>
        <balance>74400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>493874.11000000</valUSD>
        <pctVal>0.051617397537</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>CJ CHEILJEDANG CORP.</name>
        <lei>9884008938PK154I3A92</lei>
        <title>CJ CHEILJEDANG CORP.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7097950000"/>
        </identifiers>
        <balance>8810.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>1556305.16000000</valUSD>
        <pctVal>0.162657690505</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>Tonghua Dongbao Pharmaceutical Co., Ltd.</name>
        <lei>N/A</lei>
        <title>TONGHUA DONGBAO PHARMACEUTICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000H87"/>
        </identifiers>
        <balance>83200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>122943.38000000</valUSD>
        <pctVal>0.012849463439</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>Suzhou Dongshan Precision Manufacturing Co., Ltd</name>
        <lei>300300PUYVPZAJYVAE50</lei>
        <title>SUZHOU DONGSHAN PRECISION-A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000N79"/>
        </identifiers>
        <balance>30900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>87543.30000000</valUSD>
        <pctVal>0.009149613689</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>PLDT Inc.</name>
        <lei>254900ADE8GQHM5P2648</lei>
        <title>PLDT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PHY7072Q1032"/>
        </identifiers>
        <balance>17765.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.85000000"/>
        <valUSD>393027.37000000</valUSD>
        <pctVal>0.041077370912</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shanghai Zhangjiang Hi-Tech Park Development Co.,Ltd</name>
        <lei>N/A</lei>
        <title>SHANGHAI ZHANGJIANG HIGH-TECH PARK DEVELOPMENT CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000JX9"/>
        </identifiers>
        <balance>43600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>73672.89000000</valUSD>
        <pctVal>0.007699943718</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>Taiwan Cement Corp.</name>
        <lei>529900C56C3PB9X9ZO58</lei>
        <title>TAIWAN CEMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0001101004"/>
        </identifiers>
        <balance>1410189.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>1831826.47000000</valUSD>
        <pctVal>0.191453881074</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>Guangzhou Automobile Group Co., Ltd</name>
        <lei>5299005KY9BJO3ZE6A37</lei>
        <title>GUANGZHOU AUTOMOBILE GROUP CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000Q35"/>
        </identifiers>
        <balance>598000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>594853.88000000</valUSD>
        <pctVal>0.062171327832</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>ZTO Express (Cayman) Inc</name>
        <lei>549300SCJPK3YZJTJR78</lei>
        <title>ZTO EXPRESS CAYMAN INC</title>
        <cusip>98980A105</cusip>
        <identifiers>
          <isin value="US98980A1051"/>
        </identifiers>
        <balance>12800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>338944.00000000</valUSD>
        <pctVal>0.035424831625</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <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>Thai Oil Public Company Limited</name>
        <lei>549300HG5527UPZLTT69</lei>
        <title>THAI OIL PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0796010005"/>
        </identifiers>
        <balance>98100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.81000000"/>
        <valUSD>90729.46000000</valUSD>
        <pctVal>0.009482616137</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VEDANTA LIMITED</name>
        <lei>335800XDKX9KB5EMCO07</lei>
        <title>VEDANTA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE205A01025"/>
        </identifiers>
        <balance>382804.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>324605.35000000</valUSD>
        <pctVal>0.033926223412</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>ASE Technology Holding Co., Ltd.</name>
        <lei>300300GO8QHPMV87NZ73</lei>
        <title>ASE TECHNOLOGY HOLDING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0003711008"/>
        </identifiers>
        <balance>1342672.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>2601338.43000000</valUSD>
        <pctVal>0.271879649392</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>NANYA TECHNOLOGY CORPORATION</name>
        <lei>254900STKVKJBRRO0835</lei>
        <title>NANYA TECHNOLOGY CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002408002"/>
        </identifiers>
        <balance>58000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>102101.06000000</valUSD>
        <pctVal>0.010671122248</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ITAU UNIBANCO HOLDING S.A.</name>
        <lei>5493002W2IVG62O3ZJ94</lei>
        <title>ITAU UNIBANCO HOLDING SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRITUBACNPR1"/>
        </identifiers>
        <balance>686500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19530000"/>
        <valUSD>3051081.75000000</valUSD>
        <pctVal>0.318884704462</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>China Communications Construction Company Limited</name>
        <lei>529900LWYPVP93SJ2U42</lei>
        <title>CHINA COMMUNICATIONS CONSTRUCTION CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001FN5"/>
        </identifiers>
        <balance>75100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>86343.31000000</valUSD>
        <pctVal>0.009024196382</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>IQIYI, INC.</name>
        <lei>222100XL8T2Q5B8MS302</lei>
        <title>IQIYI INC-ADR</title>
        <cusip>46267X108</cusip>
        <identifiers>
          <isin value="US46267X1081"/>
        </identifiers>
        <balance>11100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>197580.00000000</valUSD>
        <pctVal>0.020650131681</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <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>COUNTRY GARDEN SERVICES HOLDINGS COMPANY LIMITED</name>
        <lei>N/A</lei>
        <title>COUNTRY GARDEN SERVICES HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG2453A1085"/>
        </identifiers>
        <balance>413678.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>1664607.98000000</valUSD>
        <pctVal>0.173976991520</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>THE BIDVEST GROUP LIMITED</name>
        <lei>5299002ARE4TRMIRGM72</lei>
        <title>BIDVEST GROUP LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000117321"/>
        </identifiers>
        <balance>6139.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>50098.12000000</valUSD>
        <pctVal>0.005236019713</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>Banco Bradesco S.A.</name>
        <lei>549300CTUU1RFXHQJE44</lei>
        <title>BANCO BRADESCO SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRBBDCACNOR1"/>
        </identifiers>
        <balance>691508.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19530000"/>
        <valUSD>2503660.13000000</valUSD>
        <pctVal>0.261670773203</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>SUZANO S.A.</name>
        <lei>391200AW174YQSDMGG41</lei>
        <title>SUZANO SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRSUZBACNOR0"/>
        </identifiers>
        <balance>96500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19530000"/>
        <valUSD>664780.67000000</valUSD>
        <pctVal>0.069479746809</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>SAMSUNG ELECTRONICS CO,.LTD</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>SAMSUNG ELECTRONICS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7005930003"/>
        </identifiers>
        <balance>753320.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>29293835.15000000</valUSD>
        <pctVal>3.061653777181</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>JBS S.A.</name>
        <lei>529900RM0MTMZL9O5050</lei>
        <title>JBS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRJBSSACNOR8"/>
        </identifiers>
        <balance>133700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19530000"/>
        <valUSD>523445.81000000</valUSD>
        <pctVal>0.054708092440</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>BTS Group Holdings Public Company Limited</name>
        <lei>N/A</lei>
        <title>BTS GROUP HOLDINGS PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0221B10Z05"/>
        </identifiers>
        <balance>3111600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.81000000"/>
        <valUSD>858530.97000000</valUSD>
        <pctVal>0.089729616271</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NK LUKOIL PAO</name>
        <lei>549300LCJ1UJXHYBWI24</lei>
        <title>LUKOIL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU0009024277"/>
        </identifiers>
        <balance>63788.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3754759.00000000</valUSD>
        <pctVal>0.392429738745</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KT&amp;G Corporation</name>
        <lei>988400ZJV6ISYBLQX875</lei>
        <title>KT&amp;G CORP.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7033780008"/>
        </identifiers>
        <balance>34183.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>2093190.12000000</valUSD>
        <pctVal>0.218770379652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHICONY ELECTRONICS CO., LTD.</name>
        <lei>N/A</lei>
        <title>CHICONY ELECTRONICS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002385002"/>
        </identifiers>
        <balance>383049.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>956577.90000000</valUSD>
        <pctVal>0.099977019932</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>China Securities Co., Ltd.</name>
        <lei>3003006CDEBNKXHOI130</lei>
        <title>CSC FINANCIAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000031T5"/>
        </identifiers>
        <balance>28500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>123474.84000000</valUSD>
        <pctVal>0.012905009137</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>NEW ORIENTAL EDUCATION &amp; TECHNOLOGY GROUP INC.</name>
        <lei>529900NHZVBZQZ8EKN29</lei>
        <title>NEW ORIENTAL EDUCATION &amp; TECHNOLOGY GROUP ADR</title>
        <cusip>647581107</cusip>
        <identifiers>
          <isin value="US6475811070"/>
        </identifiers>
        <balance>22000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2381280.00000000</valUSD>
        <pctVal>0.248880178003</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <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>ENN ENERGY HOLDINGS LIMITED</name>
        <lei>549300V7BXPWT6WIPR03</lei>
        <title>ENN ENERGY HOLDINGS LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG3066L1014"/>
        </identifiers>
        <balance>368800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>3572771.95000000</valUSD>
        <pctVal>0.373409308808</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>Shenzhen Kangtai Biological Products Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>SHENZHEN KANGTAI BIOLOGICAL PRODUCTS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002Q33"/>
        </identifiers>
        <balance>70700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>1129847.16000000</valUSD>
        <pctVal>0.118086307488</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 Tower Corporation Limited</name>
        <lei>300300T6BNNP0L7O7H91</lei>
        <title>CHINA TOWER CORP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003688"/>
        </identifiers>
        <balance>1652000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>367087.65000000</valUSD>
        <pctVal>0.038366273464</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CATCHER TECHNOLOGY CO., LTD.</name>
        <lei>5299006PRSCU66N5JF55</lei>
        <title>CATCHER TECHNOLOGY CO., LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002474004"/>
        </identifiers>
        <balance>30000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>191946.99000000</valUSD>
        <pctVal>0.020061395988</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>DAEWOO SHIPBUILDING &amp; MARINE ENGINEERING CO., LTD</name>
        <lei>N/A</lei>
        <title>DAEWOO SHIPBUILDING &amp; MARINE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7042660001"/>
        </identifiers>
        <balance>3672.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>40190.67000000</valUSD>
        <pctVal>0.004200539669</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>Grupo Mexico, Sociedad Anonima Bursatil de Capital Variable</name>
        <lei>529900JWLZAYET2ZGW20</lei>
        <title>NUEVA G MEXICO-B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MXP370841019"/>
        </identifiers>
        <balance>724545.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="23.71010000"/>
        <valUSD>1336628.62000000</valUSD>
        <pctVal>0.139698132462</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>Saudi Arabian Mining Company SJSC</name>
        <lei>N/A</lei>
        <title>SAUDI ARABIAN MINING CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA123GA0ITH7"/>
        </identifiers>
        <balance>98341.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75650000"/>
        <valUSD>802788.93000000</valUSD>
        <pctVal>0.083903720602</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALPHA BANK S.A.</name>
        <lei>5299009N55YRQC69CN08</lei>
        <title>ALPHA BANK SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS015003007"/>
        </identifiers>
        <balance>42366.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90695000"/>
        <valUSD>31351.52000000</valUSD>
        <pctVal>0.003276713313</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NOAH HOLDINGS LIMITED</name>
        <lei>3003008QW3IHPD3NTU41</lei>
        <title>NOAH HOLDINGS LIMITED</title>
        <cusip>65487X102</cusip>
        <identifiers>
          <isin value="US65487X1028"/>
        </identifiers>
        <balance>5300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>137058.00000000</valUSD>
        <pctVal>0.014324657090</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <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>ZHANGZHOU PIENTZEHUANG PHARMACEUTICAL.LTD</name>
        <lei>N/A</lei>
        <title>ZHANGZHOU PIENTZEHUANG PHARMACEUTICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001F21"/>
        </identifiers>
        <balance>28000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>486503.36000000</valUSD>
        <pctVal>0.050847041438</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>State Street Institutional Investment Trust: State Street Institutional Treasury Plus Money Market Fund; Trust</name>
        <lei>N/A</lei>
        <title>STATE STREET INSTITUTIONAL TREASURY PLUS MMKT</title>
        <cusip>85749Q448</cusip>
        <identifiers>
          <isin value="US85749Q4486"/>
        </identifiers>
        <balance>172000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>172000.00000000</valUSD>
        <pctVal>0.017976630474</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SDIC Capital Co., Ltd.</name>
        <lei>300300N4DUANLOST1I04</lei>
        <title>SDIC CAPITAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000Q11"/>
        </identifiers>
        <balance>53500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>91174.21000000</valUSD>
        <pctVal>0.009529099313</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>LITE-ON TECHNOLOGY CORPORATION</name>
        <lei>2549005GU1PQ73SZBT32</lei>
        <title>LITE-ON TECHNOLOGY CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002301009"/>
        </identifiers>
        <balance>1231554.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>1675762.21000000</valUSD>
        <pctVal>0.175142779142</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>PT Bank Rakyat Indonesia (Persero) Tbk</name>
        <lei>254900HB6S4B12GBNP64</lei>
        <title>BANK RAKYAT INDONESIA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000118201"/>
        </identifiers>
        <balance>16210000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="16300.00000000"/>
        <valUSD>2974822.40000000</valUSD>
        <pctVal>0.310914436118</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>DIALOG GROUP BERHAD</name>
        <lei>N/A</lei>
        <title>DIALOG GROUP BHD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL7277OO006"/>
        </identifiers>
        <balance>2347300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.31500000"/>
        <valUSD>1651091.79000000</valUSD>
        <pctVal>0.172564342956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Inspur Electronic Information Industry Co., Ltd.</name>
        <lei>3003002K6ZLEBRGRI729</lei>
        <title>INSPUR ELEC INFO INDU</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000012M2"/>
        </identifiers>
        <balance>23184.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>123536.30000000</valUSD>
        <pctVal>0.012911432647</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 ELECTRO-MECHANICS CO.,LTD</name>
        <lei>N/A</lei>
        <title>SAMSUNG ELECTRO-MECHANICS CO L</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7009150004"/>
        </identifiers>
        <balance>10104.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>800727.96000000</valUSD>
        <pctVal>0.083688317718</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>Pan Ocean Co., Ltd.</name>
        <lei>988400HGOJIHDWPIAT45</lei>
        <title>PAN OCEAN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7028670008"/>
        </identifiers>
        <balance>88865.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>213881.83000000</valUSD>
        <pctVal>0.022353922227</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>DISCOVERY LIMITED</name>
        <lei>378900245A26169C8132</lei>
        <title>DISCOVERY LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000022331"/>
        </identifiers>
        <balance>445006.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>1942305.94000000</valUSD>
        <pctVal>0.203000675302</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhongji Innolight Co Ltd</name>
        <lei>N/A</lei>
        <title>ZHONGJI INNOLIGHT CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001CY9"/>
        </identifiers>
        <balance>15300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>113727.14000000</valUSD>
        <pctVal>0.011886225411</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>Chongqing Brewery Co., Ltd.</name>
        <lei>N/A</lei>
        <title>CHONGQING BREWERY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000TL3"/>
        </identifiers>
        <balance>12400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>79130.36000000</valUSD>
        <pctVal>0.008270332796</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 Merchants Bank Co., Ltd.</name>
        <lei>549300MKO5B60FFIHF58</lei>
        <title>CHINA MERCHANTS BANK CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000002M1"/>
        </identifiers>
        <balance>1362000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>6093473.63000000</valUSD>
        <pctVal>0.636861184611</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>Grupo Bimbo S.A.B. de C.V.</name>
        <lei>5493000RIXURZEBFEV60</lei>
        <title>GRUPO BIMBO SAB- SERIES A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MXP495211262"/>
        </identifiers>
        <balance>363500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="23.71010000"/>
        <valUSD>528613.54000000</valUSD>
        <pctVal>0.055248199258</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>Gulf Energy Development Public Company Limited</name>
        <lei>N/A</lei>
        <title>GULF ENERGY DEVELOPMENT PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH8319010006"/>
        </identifiers>
        <balance>415000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.81000000"/>
        <valUSD>1890576.33000000</valUSD>
        <pctVal>0.197594139932</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MIRAE ASSET DAEWOO CO.,LTD.</name>
        <lei>98840072S6T63E2V1291</lei>
        <title>MIRAE ASSET DAEWOO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7006800007"/>
        </identifiers>
        <balance>87500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>374464.38000000</valUSD>
        <pctVal>0.039137254564</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>Hithink RoyalFlush Information Network Co., Ltd.</name>
        <lei>N/A</lei>
        <title>HITHINK ROYALFLUSH INFORMATION NETWORK CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000JG3"/>
        </identifiers>
        <balance>6800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>102500.05000000</valUSD>
        <pctVal>0.010712822805</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>TAV HAVALIMANLARI HOLDING ANONIM SIRKETI</name>
        <lei>789000PBM9TT5D88M597</lei>
        <title>TAV HAVALIMANLARI HOLDING AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TRETAVH00018"/>
        </identifiers>
        <balance>162200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="6.60320000"/>
        <valUSD>404846.63000000</valUSD>
        <pctVal>0.042312664339</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Celltrion, Inc.</name>
        <lei>N/A</lei>
        <title>CELLTRION INC.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7068270008"/>
        </identifiers>
        <balance>18272.10000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>3399055.79000000</valUSD>
        <pctVal>0.355253313368</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>Companhia Siderurgica Nacional</name>
        <lei>529900K40TEND42S0T46</lei>
        <title>COMPANHIA SIDERURGICA NACIONAL S.A. (CSN)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRCSNAACNOR6"/>
        </identifiers>
        <balance>380300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19530000"/>
        <valUSD>510941.43000000</valUSD>
        <pctVal>0.053401193495</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>Kimberly-Clark de Mexico, S.A.B. de C.V.</name>
        <lei>549300JGHL56QT00KT54</lei>
        <title>KIMBERLY CLARK DE MEXICO SER A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MXP606941179"/>
        </identifiers>
        <balance>1086500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="23.71010000"/>
        <valUSD>1646010.77000000</valUSD>
        <pctVal>0.172033298659</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>Spring Airlines Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SPRING AIRLINES CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001V45"/>
        </identifiers>
        <balance>53221.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>239882.45000000</valUSD>
        <pctVal>0.025071384656</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>Luxshare Precision Industry Co., Ltd.</name>
        <lei>300300QLLDUELXN16530</lei>
        <title>LUXSHARE PRECISION INDUSTRY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000TP3"/>
        </identifiers>
        <balance>206173.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>1093266.08000000</valUSD>
        <pctVal>0.114263025177</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>SM INVESTMENTS CORPORATION</name>
        <lei>254900YB8UATFP21AF80</lei>
        <title>SM INVESTMENTS CORP.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PHY806761029"/>
        </identifiers>
        <balance>413918.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.85000000"/>
        <valUSD>6622803.01000000</valUSD>
        <pctVal>0.692184200097</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AIRTAC INTERNATIONAL GROUP</name>
        <lei>N/A</lei>
        <title>AIRTAC INTERNATIONAL GROUP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG014081064"/>
        </identifiers>
        <balance>74000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>1091385.98000000</valUSD>
        <pctVal>0.114066525974</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>CHINA MENGNIU DAIRY COMPANY LIMITED</name>
        <lei>2549005Q343BSJ8RSS21</lei>
        <title>CHINA MENGNIU DAIRY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG210961051"/>
        </identifiers>
        <balance>24000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>82771.93000000</valUSD>
        <pctVal>0.008650932553</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>HLB INC.</name>
        <lei>N/A</lei>
        <title>HLB INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7028300002"/>
        </identifiers>
        <balance>7306.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>531487.33000000</valUSD>
        <pctVal>0.055548554263</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="426474.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Muyuan Foods Co.,Ltd</name>
        <lei>3003006NCTDQW4KZR676</lei>
        <title>MUYUAN FOODSTUFF CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001RQ3"/>
        </identifiers>
        <balance>63000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>1075360.71000000</valUSD>
        <pctVal>0.112391640177</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 Shenhua Energy Company Limited</name>
        <lei>529900N9JOX4C108MA40</lei>
        <title>CHINA SHENHUA ENERGY CO. LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000002R0"/>
        </identifiers>
        <balance>697500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>1317945.83000000</valUSD>
        <pctVal>0.137745495182</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>RAIA DROGASIL S.A.</name>
        <lei>N/A</lei>
        <title>RAIA DROGASIL SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRRADLACNOR0"/>
        </identifiers>
        <balance>256117.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19530000"/>
        <valUSD>5020983.67000000</valUSD>
        <pctVal>0.524769581712</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>GAZPROM PAO</name>
        <lei>213800FD9J2IHTA7YX78</lei>
        <title>GAZPROM PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="RU0007661625"/>
        </identifiers>
        <balance>939810.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="78.48450000"/>
        <valUSD>2120174.31000000</valUSD>
        <pctVal>0.221590640189</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Juewei Food Co., Ltd.</name>
        <lei>N/A</lei>
        <title>JUEWEI FOOD CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002RT5"/>
        </identifiers>
        <balance>14100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>102722.17000000</valUSD>
        <pctVal>0.010736037742</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>SBERBANK ROSSII PAO</name>
        <lei>549300WE6TAF5EEWQS81</lei>
        <title>SBERBANK OF RUSSIA ADR</title>
        <cusip>80585Y308</cusip>
        <identifiers>
          <isin value="US80585Y3080"/>
        </identifiers>
        <balance>231938.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2184816.61000000</valUSD>
        <pctVal>0.228346749143</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banque Saudi Fransi SJSC</name>
        <lei>558600N07EDF4ATYR106</lei>
        <title>BANQUE SAUDI FRANSI</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA0007879782"/>
        </identifiers>
        <balance>103614.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75650000"/>
        <valUSD>711299.73000000</valUSD>
        <pctVal>0.074341700016</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOJAS RENNER S.A.</name>
        <lei>N/A</lei>
        <title>LOJAS RENNER SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRLRENACNOR1"/>
        </identifiers>
        <balance>190740.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19530000"/>
        <valUSD>1232120.26000000</valUSD>
        <pctVal>0.128775410548</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>POSCO INTERNATIONAL CORPORATION</name>
        <lei>988400B6ECL5BWA8KC19</lei>
        <title>POSCO INTERNATIONAL CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7047050000"/>
        </identifiers>
        <balance>9828.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>91023.61000000</valUSD>
        <pctVal>0.009513359310</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>Weichai Power Co., Ltd.</name>
        <lei>529900OKTPKBG85F9502</lei>
        <title>WEICHAI POWER CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000004L9"/>
        </identifiers>
        <balance>54000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>86018.97000000</valUSD>
        <pctVal>0.008990297892</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>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. TREASURY BILL</title>
        <cusip>912796SV2</cusip>
        <identifiers>
          <isin value="US912796SV23"/>
        </identifiers>
        <balance>564000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>563853.36000000</valUSD>
        <pctVal>0.058931299387</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-06-18</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Unisplendour Corporation Limited</name>
        <lei>N/A</lei>
        <title>UNISPLENDOUR CORP LTD-A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000010T1"/>
        </identifiers>
        <balance>22100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>108600.02000000</valUSD>
        <pctVal>0.011350362959</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 LIMITED</name>
        <lei>2549009JD6Q6XHZS5E05</lei>
        <title>MTN GROUP LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000042164"/>
        </identifiers>
        <balance>286830.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>769846.61000000</valUSD>
        <pctVal>0.080460744360</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>Fujian Sunner Development Co., Ltd.</name>
        <lei>N/A</lei>
        <title>FUJIAN SUNNER DEVELOPMENT CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000G78"/>
        </identifiers>
        <balance>25400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>83858.17000000</valUSD>
        <pctVal>0.008764461246</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>ASELSAN ELEKTRONIK SANAYI VE TICARET ANONIM SIRKETI</name>
        <lei>7890008XT4M710MU8714</lei>
        <title>ASELSAN ELEKTRONIK SANAYI VE TICARET AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TRAASELS91H2"/>
        </identifiers>
        <balance>193250.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="6.60320000"/>
        <valUSD>686008.38000000</valUSD>
        <pctVal>0.071698367149</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUA HONG SEMICONDUCTOR LIMITED</name>
        <lei>529900OXH3ZYLIMGB907</lei>
        <title>HUA HONG SEMICONDUCTOR LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0000218211"/>
        </identifiers>
        <balance>54000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>97097.85000000</valUSD>
        <pctVal>0.010148210286</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Focus Media Information Technology Co., Ltd.</name>
        <lei>300300V7WGZW0LZKTD06</lei>
        <title>FOCUS MEDIA INFORMATION TECHNOLOGY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001KK2"/>
        </identifiers>
        <balance>133400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>82227.58000000</valUSD>
        <pctVal>0.008594039653</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>GROWTHPOINT PROPERTIES LIMITED</name>
        <lei>37890019DD1E46632291</lei>
        <title>GROWTHPOINT PROPERTIES LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000179420"/>
        </identifiers>
        <balance>625187.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>450310.99000000</valUSD>
        <pctVal>0.047064385266</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Berli Jucker Public Company Limited</name>
        <lei>N/A</lei>
        <title>BERLI JUCKER PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0002010Z06"/>
        </identifiers>
        <balance>691100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.81000000"/>
        <valUSD>843328.04000000</valUSD>
        <pctVal>0.088140677581</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SINA CORPORATION</name>
        <lei>549300ICDICMKPZEUY61</lei>
        <title>SINA CORP.</title>
        <cusip>G81477104</cusip>
        <identifiers>
          <isin value="KYG814771047"/>
        </identifiers>
        <balance>2706.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>86159.04000000</valUSD>
        <pctVal>0.009004937349</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>HELLENIC TELECOMMUNICATIONS ORGANIZATION S.A.</name>
        <lei>ELPUFM0XZRZO4LFXW404</lei>
        <title>HELLENIC TELECOMMUNICATION ORGANIZATION S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS260333000"/>
        </identifiers>
        <balance>258890.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90695000"/>
        <valUSD>3128735.80000000</valUSD>
        <pctVal>0.327000740286</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sociedad Quimica y Minera de Chile S.A.</name>
        <lei>TJ88LXZZW5PWIN93ZC81</lei>
        <title>SOCIEDAD QUIMICA Y MINERA DE CHILE SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CLP8716X1082"/>
        </identifiers>
        <balance>5610.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="855.40000000"/>
        <valUSD>128149.87000000</valUSD>
        <pctVal>0.013393621269</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>THE TATA POWER COMPANY LIMITED</name>
        <lei>335800H5R3TGTJ7LQ663</lei>
        <title>TATA POWER COMPANY LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE245A01021"/>
        </identifiers>
        <balance>226883.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>98200.33000000</valUSD>
        <pctVal>0.010263436307</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 International Capital Corporation Limited</name>
        <lei>529900OS3SVVTT56QN67</lei>
        <title>CHINA INTERNATIONAL CAPITAL CORP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002359"/>
        </identifiers>
        <balance>50800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>81307.42000000</valUSD>
        <pctVal>0.008497868861</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="81333.93000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banco de Credito e Inversiones</name>
        <lei>549300E9E5Y3PKW24142</lei>
        <title>BANCO DE CREDITO E INVERSION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CLP321331116"/>
        </identifiers>
        <balance>17142.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="855.40000000"/>
        <valUSD>581152.68000000</valUSD>
        <pctVal>0.060739342893</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PETROLEO BRASILEIRO S.A. - PETROBRAS</name>
        <lei>5493000J801JZRCMFE49</lei>
        <title>PETROLEO BRASILEIRO S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRPETRACNOR9"/>
        </identifiers>
        <balance>830600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19530000"/>
        <valUSD>2260636.34000000</valUSD>
        <pctVal>0.236271070474</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>EICHER MOTORS LIMITED</name>
        <lei>25490059S64CN2OY7239</lei>
        <title>EICHER MOTORS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE066A01013"/>
        </identifiers>
        <balance>1202.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>207084.93000000</valUSD>
        <pctVal>0.021643542229</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KINGSOFT CORPORATION LIMITED</name>
        <lei>529900UVT35D3Q7YQY41</lei>
        <title>KINGSOFT CORPORATION LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG5264Y1089"/>
        </identifiers>
        <balance>62000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>199300.78000000</valUSD>
        <pctVal>0.020829979507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hanon Systems</name>
        <lei>5493004WIDNO4WOEYG91</lei>
        <title>HANON SYSTEMS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7018880005"/>
        </identifiers>
        <balance>449235.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>3262697.75000000</valUSD>
        <pctVal>0.341001812802</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>BAJAJ AUTO LIMITED.</name>
        <lei>335800DLAO5NCNN8G863</lei>
        <title>BAJAJ AUTO LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE917I01010"/>
        </identifiers>
        <balance>58351.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>1555869.70000000</valUSD>
        <pctVal>0.162612178276</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 Jinmao Holdings Group Limited</name>
        <lei>3003000CW9WBO3PJ7R66</lei>
        <title>CHINA JINMAO HOLDINGS GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0817039453"/>
        </identifiers>
        <balance>2368000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>1509644.27000000</valUSD>
        <pctVal>0.157780913894</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Richter Gedeon Vegyeszeti Gyar Nyilvanosan Mukodo Rt.</name>
        <lei>549300J6ZJW5IH4WEE46</lei>
        <title>RICHTER GEDEON NYRT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HU0000123096"/>
        </identifiers>
        <balance>80745.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HUF" exchangeRt="326.23280000"/>
        <valUSD>1526786.74000000</valUSD>
        <pctVal>0.159572564177</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BAJAJ FINSERV LIMITED</name>
        <lei>3358001EH4I4IDMGQ326</lei>
        <title>BAJAJ FINSERV LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE918I01018"/>
        </identifiers>
        <balance>8504.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>514286.89000000</valUSD>
        <pctVal>0.053750845229</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>Minor International Public Company Limited</name>
        <lei>254900T4WB2UF9XPX041</lei>
        <title>MINOR INTERNATIONAL PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0128B10Z09"/>
        </identifiers>
        <balance>682900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.81000000"/>
        <valUSD>349803.23000000</valUSD>
        <pctVal>0.036559787235</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Riyad Bank SJSC</name>
        <lei>54930037RJ782ISGGM71</lei>
        <title>RIYAD BANK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA0007879048"/>
        </identifiers>
        <balance>286661.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75650000"/>
        <valUSD>1139200.99000000</valUSD>
        <pctVal>0.119063925776</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</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>N/A</cusip>
        <identifiers>
          <isin value="KR7207940008"/>
        </identifiers>
        <balance>3213.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>1259492.19000000</valUSD>
        <pctVal>0.131636195844</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUYA Inc</name>
        <lei>549300WPEZ00T1MABE80</lei>
        <title>HUYA INC-ADR</title>
        <cusip>44852D108</cusip>
        <identifiers>
          <isin value="US44852D1081"/>
        </identifiers>
        <balance>4100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>69495.00000000</valUSD>
        <pctVal>0.007263290318</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <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>KINGBOARD LAMINATES HOLDINGS LIMITED</name>
        <lei>529900B76JV9QCZINB33</lei>
        <title>KINGBOARD LAMINATES HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG5257K1076"/>
        </identifiers>
        <balance>88500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>80980.12000000</valUSD>
        <pctVal>0.008463661005</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>TITAN COMPANY LIMITED</name>
        <lei>549300RO9VJWPK37FE54</lei>
        <title>TITAN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE280A01028"/>
        </identifiers>
        <balance>19873.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>244794.54000000</valUSD>
        <pctVal>0.025584773184</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>Fila Holdings</name>
        <lei>N/A</lei>
        <title>FILA HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7081660003"/>
        </identifiers>
        <balance>7366.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>174124.25000000</valUSD>
        <pctVal>0.018198647086</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>ANTA SPORTS PRODUCTS LIMITED</name>
        <lei>529900291XG0CTK4LF95</lei>
        <title>ANTA SPORTS PRODUCTS LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG040111059"/>
        </identifiers>
        <balance>103000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>747464.55000000</valUSD>
        <pctVal>0.078121476791</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>The Shanghai Commercial &amp; Savings Bank, Ltd.</name>
        <lei>549300TLB5ALPCGBHN23</lei>
        <title>SHANGHAI COMMERCIAL &amp; SAVINGS BANK LTD/THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0005876007"/>
        </identifiers>
        <balance>176243.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>228207.38000000</valUSD>
        <pctVal>0.023851161289</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>NCSOFT CORPORATION</name>
        <lei>N/A</lei>
        <title>NCSOFT CORP.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7036570000"/>
        </identifiers>
        <balance>10463.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>5584841.55000000</valUSD>
        <pctVal>0.583701353508</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>Fangda Carbon New Material Co., Ltd.</name>
        <lei>N/A</lei>
        <title>FANGDA CARBON NEW MATERIAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001CC6"/>
        </identifiers>
        <balance>61000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>76079.72000000</valUSD>
        <pctVal>0.007951494261</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>Saudi Industrial Investment Group SJSC</name>
        <lei>N/A</lei>
        <title>SAUDI INDUSTRIAL INVESTMENT GROUP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA000A0B89Q3"/>
        </identifiers>
        <balance>31231.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75650000"/>
        <valUSD>130833.68000000</valUSD>
        <pctVal>0.013674120459</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIC Securities Company Limited</name>
        <lei>300300E1006744000068</lei>
        <title>CITIC SECURITIES CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000016V2"/>
        </identifiers>
        <balance>48500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>87950.03000000</valUSD>
        <pctVal>0.009192123194</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>HANWHA LIFE INSURANCE CO., LTD.</name>
        <lei>988400ZKCI3R9DQHR320</lei>
        <title>HANWHA LIFE INSURANCE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7088350004"/>
        </identifiers>
        <balance>42887.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>48387.27000000</valUSD>
        <pctVal>0.005057209723</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>RUMO SA</name>
        <lei>N/A</lei>
        <title>RUMO SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRRAILACNOR9"/>
        </identifiers>
        <balance>482600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19530000"/>
        <valUSD>1825320.96000000</valUSD>
        <pctVal>0.190773955787</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HENGLI PETROCHEMICAL CO., LTD.</name>
        <lei>N/A</lei>
        <title>HENGLI PETROCHEMICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000018V0"/>
        </identifiers>
        <balance>45000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>78139.52000000</valUSD>
        <pctVal>0.008166774863</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>AVIC SHENYANG AIRCRAFT COMPANY LIMITED</name>
        <lei>N/A</lei>
        <title>AVIC SHENYANG AIRCRAFT CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000MH6"/>
        </identifiers>
        <balance>97600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>390659.04000000</valUSD>
        <pctVal>0.040829844207</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>Wuhan Guide Infrared Co., Ltd.</name>
        <lei>N/A</lei>
        <title>WUHAN GUIDE INFRARED CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000RK8"/>
        </identifiers>
        <balance>31000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>146546.32000000</valUSD>
        <pctVal>0.015316331639</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>TATA STEEL LIMITED</name>
        <lei>335800E6C75YGSGD5T66</lei>
        <title>TATA STEEL LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE081A01012"/>
        </identifiers>
        <balance>355242.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>1258984.18000000</valUSD>
        <pctVal>0.131583101030</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>Kasikornbank Public Company Limited</name>
        <lei>5493004COSQ54937AW41</lei>
        <title>KASIKORNBANK PUBLIC COMPANY LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0016010R14"/>
        </identifiers>
        <balance>642622.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.81000000"/>
        <valUSD>1787697.46000000</valUSD>
        <pctVal>0.186841724644</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="depository receipt"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NIO INC.</name>
        <lei>549300JBU4TV5OCKJV96</lei>
        <title>NIO INC</title>
        <cusip>62914V106</cusip>
        <identifiers>
          <isin value="US62914V1061"/>
        </identifiers>
        <balance>78300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>217674.00000000</valUSD>
        <pctVal>0.022750261987</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="210025.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HYUNDAI MOTOR COMPANY</name>
        <lei>9884004RQX8PRBXQ8S60</lei>
        <title>HYUNDAI MOTOR COMPANY LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7005380001"/>
        </identifiers>
        <balance>30947.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>2229743.53000000</valUSD>
        <pctVal>0.233042299371</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>Gree Electric Appliances, Inc. of Zhuhai</name>
        <lei>N/A</lei>
        <title>GREE ELECTRIC APPLIANCES INC OF ZHUHAI</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000001D4"/>
        </identifiers>
        <balance>43000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>313168.61000000</valUSD>
        <pctVal>0.032730909175</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>MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag</name>
        <lei>213800R83KX5FQFGXS67</lei>
        <title>MOL HUNGARIAN OIL AND GAS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HU0000153937"/>
        </identifiers>
        <balance>184359.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HUF" exchangeRt="326.23280000"/>
        <valUSD>1084639.37000000</valUSD>
        <pctVal>0.113361402050</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Communications Services Corporation Limited</name>
        <lei>529900JCDRVQE6YZKT86</lei>
        <title>CHINA COMMUNICATIONS SERVICES CORP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000002G3"/>
        </identifiers>
        <balance>1896000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>1363369.39000000</valUSD>
        <pctVal>0.142492951886</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>ANXIN TRUST CO.,LTD</name>
        <lei>300300D1005631000064</lei>
        <title>ANXIN TRUST CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000003P4"/>
        </identifiers>
        <balance>149700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>59722.64000000</valUSD>
        <pctVal>0.006241929245</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>Wuliangye Yibin Co., Ltd.</name>
        <lei>N/A</lei>
        <title>WULIANGYE YIBIN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000VQ8"/>
        </identifiers>
        <balance>4800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>77212.69000000</valUSD>
        <pctVal>0.008069906953</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>Centrais Eletricas Brasileiras S.A.</name>
        <lei>254900I8KYDELP4B4Z08</lei>
        <title>CENTRAIS ELECTRICAS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRELETACNOR6"/>
        </identifiers>
        <balance>69300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19530000"/>
        <valUSD>318268.05000000</valUSD>
        <pctVal>0.033263878643</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>PT Bank Central Asia Tbk</name>
        <lei>254900BR956G2OHVOM21</lei>
        <title>BANK CENTRAL ASIA PT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000109507"/>
        </identifiers>
        <balance>2022651.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="16300.00000000"/>
        <valUSD>3410094.32000000</valUSD>
        <pctVal>0.356407008570</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>Songcheng Performance Development Co Ltd</name>
        <lei>N/A</lei>
        <title>SONGCHENG PERFORMANCE DEVELOPMENT CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000XG4"/>
        </identifiers>
        <balance>146065.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>510090.69000000</valUSD>
        <pctVal>0.053312278155</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>Genscript Biotech Corp</name>
        <lei>529900YIYUOJOXSAE372</lei>
        <title>GENSCRIPT BIOTECH CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG3825B1059"/>
        </identifiers>
        <balance>78000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>124852.18000000</valUSD>
        <pctVal>0.013048962231</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GEELY AUTOMOBILE HOLDINGS LIMITED</name>
        <lei>549300YS3T1KVQ2SNI84</lei>
        <title>GEELY AUTOMOBILE HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG3777B1032"/>
        </identifiers>
        <balance>1346000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>1953408.91000000</valUSD>
        <pctVal>0.204161105470</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>SS INST TREAS PLUS MM FUN</name>
        <lei>N/A</lei>
        <title>SS INST TREAS PLUS MM FUN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal" value="930SJLII0"/>
        </identifiers>
        <balance>24667080.52000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24667080.51000000</valUSD>
        <pctVal>2.578087158228</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LG HOUSEHOLD &amp; HEALTH CARE LTD</name>
        <lei>N/A</lei>
        <title>LG HOUSEHOLD &amp; HEALTH CARE LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7051900009"/>
        </identifiers>
        <balance>630.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>577143.47000000</valUSD>
        <pctVal>0.060320319133</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>Inner Mongolia Baotou Steel Union Co., Ltd</name>
        <lei>3003005DKNZILXCEDH07</lei>
        <title>INNER MONGOLIA BAOTOU STEEL UNION CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000017H1"/>
        </identifiers>
        <balance>492300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>79286.37000000</valUSD>
        <pctVal>0.008286638227</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>N/A</cusip>
        <identifiers>
          <isin value="CNE1000000D4"/>
        </identifiers>
        <balance>50500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>83838.49000000</valUSD>
        <pctVal>0.008762404385</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>MOMO INC.</name>
        <lei>549300YMGLID32W48529</lei>
        <title>MOMO INC</title>
        <cusip>60879B107</cusip>
        <identifiers>
          <isin value="US60879B1070"/>
        </identifiers>
        <balance>34300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>743967.00000000</valUSD>
        <pctVal>0.077755929327</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <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>COAL INDIA LTD</name>
        <lei>335800NLJQZNHM9LBB31</lei>
        <title>COAL INDIA LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE522F01014"/>
        </identifiers>
        <balance>1105871.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>2032334.42000000</valUSD>
        <pctVal>0.212410028308</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>Far East Horizon Limited</name>
        <lei>549300S9XRGO1ZPUHE62</lei>
        <title>FAR EAST HORIZON LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0000077468"/>
        </identifiers>
        <balance>1172000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>938102.57000000</valUSD>
        <pctVal>0.098046065396</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PT Telekomunikasi Indonesia (Persero) Tbk</name>
        <lei>529900M5SQZAOKV1PC81</lei>
        <title>PT TELEKOMUNIKASI INDONESIA PERSERO TBK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000129000"/>
        </identifiers>
        <balance>15999350.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="16300.00000000"/>
        <valUSD>3109246.99000000</valUSD>
        <pctVal>0.324963861589</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZTE Corporation</name>
        <lei>3003004FBGVVG1CW5U45</lei>
        <title>ZTE CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000004Y2"/>
        </identifiers>
        <balance>32600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>99506.32000000</valUSD>
        <pctVal>0.010399932235</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>BANCO MACRO SOCIEDAD ANONIMA</name>
        <lei>579100KKDKKIFEBKK040</lei>
        <title>BANCO MACRO SA</title>
        <cusip>05961W105</cusip>
        <identifiers>
          <isin value="US05961W1053"/>
        </identifiers>
        <balance>3900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>66222.00000000</valUSD>
        <pctVal>0.006921211763</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CIFI HOLDINGS (GROUP) CO. LTD.</name>
        <lei>549300WGKSV867C0JF48</lei>
        <title>CIFI HOLDINGS GROUP CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG2140A1076"/>
        </identifiers>
        <balance>192000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>136120.94000000</valUSD>
        <pctVal>0.014226719989</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>Saudi Kayan Petrochemical Company SJSC</name>
        <lei>N/A</lei>
        <title>SAUDI KAYAN PETROCHEMICAL CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA000A0MQCJ2"/>
        </identifiers>
        <balance>127544.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75650000"/>
        <valUSD>243669.63000000</valUSD>
        <pctVal>0.025467202885</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GRUPO TELEVISA, S.A.B.</name>
        <lei>549300O4AF0C816ILN62</lei>
        <title>GRUPO TELEVISA SAB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MXP4987V1378"/>
        </identifiers>
        <balance>255700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="23.71010000"/>
        <valUSD>294415.04000000</valUSD>
        <pctVal>0.030770874303</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>REMGRO LIMITED</name>
        <lei>N/A</lei>
        <title>REMGRO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000026480"/>
        </identifiers>
        <balance>7269.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>49746.42000000</valUSD>
        <pctVal>0.005199261684</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>ASPEN PHARMACARE HOLDINGS LIMITED</name>
        <lei>635400ZYSN1IRD5QWQ94</lei>
        <title>ASPEN PHARMACARE HOLDINGS LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000066692"/>
        </identifiers>
        <balance>11124.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>58242.13000000</valUSD>
        <pctVal>0.006087193308</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>Haitong Securities Co., Ltd.</name>
        <lei>300300E1003931000068</lei>
        <title>HAITONG SECURITIES CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000CK1"/>
        </identifiers>
        <balance>45900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>82515.46000000</valUSD>
        <pctVal>0.008624127516</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>OLD MUTUAL LIMITED</name>
        <lei>N/A</lei>
        <title>OLD MUTUAL LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000255360"/>
        </identifiers>
        <balance>65767.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>43673.24000000</valUSD>
        <pctVal>0.004564521494</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>QL RESOURCES BERHAD</name>
        <lei>N/A</lei>
        <title>QL RESOURCES BHD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL7084OO006"/>
        </identifiers>
        <balance>1414700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.31500000"/>
        <valUSD>2426136.73000000</valUSD>
        <pctVal>0.253568392302</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LIMITED</name>
        <lei>5299005WPCSQN14NBM26</lei>
        <title>BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG1368B1028"/>
        </identifiers>
        <balance>122000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>99349.78000000</valUSD>
        <pctVal>0.010383571411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zheshang Securities Co., Ltd.</name>
        <lei>300300E1009033000054</lei>
        <title>ZHESHANG SECURITIES CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002R65"/>
        </identifiers>
        <balance>75900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>106392.28000000</valUSD>
        <pctVal>0.011119620365</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>51JOB, INC.</name>
        <lei>52990088ZF32Q8YHCJ53</lei>
        <title>51JOB, INC. -ADR</title>
        <cusip>316827104</cusip>
        <identifiers>
          <isin value="US3168271043"/>
        </identifiers>
        <balance>1200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>73668.00000000</valUSD>
        <pctVal>0.007699432638</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <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>OTP Bank Nyrt.</name>
        <lei>529900W3MOO00A18X956</lei>
        <title>OTP BANK NYRT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HU0000061726"/>
        </identifiers>
        <balance>80031.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HUF" exchangeRt="326.23280000"/>
        <valUSD>2301684.39000000</valUSD>
        <pctVal>0.240561219466</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Everbright International Limited</name>
        <lei>N/A</lei>
        <title>CHINA EVERBRIGHT INTERNATIONAL LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0257001336"/>
        </identifiers>
        <balance>1745182.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>992364.71000000</valUSD>
        <pctVal>0.103717288881</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>Enel Americas S.A.</name>
        <lei>549300LKH11TFCJLZK20</lei>
        <title>ENEL AMERICAS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CLP371861061"/>
        </identifiers>
        <balance>11063470.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="855.40000000"/>
        <valUSD>1352862.94000000</valUSD>
        <pctVal>0.141394867181</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KWG Group Holdings Limited</name>
        <lei>549300LK82ZOM9ZE7H90</lei>
        <title>KWG GROUP HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG532241042"/>
        </identifiers>
        <balance>117000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>163943.68000000</valUSD>
        <pctVal>0.017134621825</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>Yintai Gold Co., Ltd.</name>
        <lei>N/A</lei>
        <title>YINTAI GOLD CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000012L4"/>
        </identifiers>
        <balance>54600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>110040.26000000</valUSD>
        <pctVal>0.011500890065</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 Eastern Airlines Corporation Limited</name>
        <lei>3003000KIOQE39Q7Y685</lei>
        <title>CHINA EASTERN AIRLINES CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000002K5"/>
        </identifiers>
        <balance>176000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>60266.74000000</valUSD>
        <pctVal>0.006298796016</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>DB INSURANCE CO.,LTD</name>
        <lei>9884000ZF26VNJBWSJ91</lei>
        <title>DB INSURANCE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7005830005"/>
        </identifiers>
        <balance>20870.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>591432.88000000</valUSD>
        <pctVal>0.061813781013</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IOI CORPORATION BERHAD</name>
        <lei>N/A</lei>
        <title>IOI CORPORATION BERHAD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL1961OO001"/>
        </identifiers>
        <balance>2223000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.31500000"/>
        <valUSD>2051770.58000000</valUSD>
        <pctVal>0.214441404275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LATAM Airlines Group S.A.</name>
        <lei>549300HX3UUDPEFTG707</lei>
        <title>LATAM AIRLINES GROUP SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CL0000000423"/>
        </identifiers>
        <balance>72240.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="855.40000000"/>
        <valUSD>185793.78000000</valUSD>
        <pctVal>0.019418291439</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Great Wall Motor Company Limited</name>
        <lei>254900CR8AHWTMFZHH60</lei>
        <title>GREAT WALL MOTOR CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000338"/>
        </identifiers>
        <balance>164500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>104318.77000000</valUSD>
        <pctVal>0.010902906859</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 Galaxy Securities Co., Ltd.</name>
        <lei>3003008KFQXO06OK8582</lei>
        <title>CHINA GALAXY SECURITIES COMPANY</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001NT6"/>
        </identifiers>
        <balance>174000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>83503.82000000</valUSD>
        <pctVal>0.008727426252</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>EMBRAER S.A.</name>
        <lei>549300EM51WYXFHUY333</lei>
        <title>EMBRAER SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BREMBRACNOR4"/>
        </identifiers>
        <balance>137400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19530000"/>
        <valUSD>252304.20000000</valUSD>
        <pctVal>0.026369647503</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>Aluminum Corporation of China Limited</name>
        <lei>529900TKZUWQLIQN6T48</lei>
        <title>ALUMINUM CORP OF CHINA LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000001T8"/>
        </identifiers>
        <balance>314000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>61674.59000000</valUSD>
        <pctVal>0.006445937872</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>INVENTEC CORPORATION</name>
        <lei>391200XSJU5WEVAXB086</lei>
        <title>INVENTEC CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002356003"/>
        </identifiers>
        <balance>839000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>643483.59000000</valUSD>
        <pctVal>0.067253876243</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>PTT Exploration and Production Public Company Limited</name>
        <lei>2549001O8YYGP5N7Q076</lei>
        <title>PTT EXPLORATION &amp; PRODUCTION PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0355A10Z12"/>
        </identifiers>
        <balance>634175.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.81000000"/>
        <valUSD>1291022.41000000</valUSD>
        <pctVal>0.134931586040</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENKA INSAAT VE SANAYI ANONIM SIRKETI</name>
        <lei>789000EE9HXTYDRH9O46</lei>
        <title>ENKA INSAAT VE SANAYI AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TREENKA00011"/>
        </identifiers>
        <balance>3871255.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="6.60320000"/>
        <valUSD>3646596.51000000</valUSD>
        <pctVal>0.381125104361</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GERDAU S.A.</name>
        <lei>254900YDV6SEQQPZVG24</lei>
        <title>GERDAU SA-PREF</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRGGBRACNPR8"/>
        </identifiers>
        <balance>24400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19530000"/>
        <valUSD>47200.35000000</valUSD>
        <pctVal>0.004933158431</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>FUYAO GLASS INDUSTRY GROUP CO.,LTD.</name>
        <lei>549300AS5CSLWETN0P64</lei>
        <title>FUYAO GLASS INDUSTRY GROUP CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001TR7"/>
        </identifiers>
        <balance>1400348.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>2975188.37000000</valUSD>
        <pctVal>0.310952685580</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>NAVER Corporation</name>
        <lei>N/A</lei>
        <title>NAVER CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7035420009"/>
        </identifiers>
        <balance>22275.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>3097373.28000000</valUSD>
        <pctVal>0.323722877304</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>Eclat Textile Co Ltd</name>
        <lei>N/A</lei>
        <title>ECLAT TEXTILE COMPANY LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0001476000"/>
        </identifiers>
        <balance>42000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>332559.13000000</valUSD>
        <pctVal>0.034757515063</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>NEXTEER AUTOMOTIVE GROUP LIMITED</name>
        <lei>529900O9GGNBKMJ9UO48</lei>
        <title>NEXTEER AUTOMOTIVE GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG6501M1050"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>49608.87000000</valUSD>
        <pctVal>0.005184885606</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FALABELLA S.A.</name>
        <lei>5493004CKJQ7H391LM41</lei>
        <title>S.A.C.I. FALABELLA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CLP3880F1085"/>
        </identifiers>
        <balance>104319.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="855.40000000"/>
        <valUSD>230004.25000000</valUSD>
        <pctVal>0.024038961685</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chongqing Rural Commercial Bank Co., Ltd.</name>
        <lei>300300C1126750000027</lei>
        <title>CHONGQING RURAL COMMERCIAL BANK CO., LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000X44"/>
        </identifiers>
        <balance>485000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>197554.79000000</valUSD>
        <pctVal>0.020647496850</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>YAGEO CORPORATION</name>
        <lei>5493001P0TOZH7GGNQ21</lei>
        <title>YAGEO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002327004"/>
        </identifiers>
        <balance>29000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>260486.23000000</valUSD>
        <pctVal>0.027224794769</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>PT Charoen Pokphand Indonesia Tbk</name>
        <lei>529900JL5SA37OU87X40</lei>
        <title>PT CHAROEN POKPHAND INDONESIA TBK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000117708"/>
        </identifiers>
        <balance>2244400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="16300.00000000"/>
        <valUSD>675772.72000000</valUSD>
        <pctVal>0.070628584140</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>IHH HEALTHCARE BERHAD</name>
        <lei>N/A</lei>
        <title>IHH HEALTHCARE BHD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL5225OO007"/>
        </identifiers>
        <balance>1093800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.31500000"/>
        <valUSD>1300726.06000000</valUSD>
        <pctVal>0.135945765867</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KARDEMIR KARABUK DEMIR CELIK SANAYI VE TICARET ANONIM SIRKETI</name>
        <lei>789000HKISRM8ZEH0128</lei>
        <title>KARDEMIR KARABUK DEMIR CELIK SANAYI VE TICARET AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TRAKRDMR91G7"/>
        </identifiers>
        <balance>0.58100000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="6.60320000"/>
        <valUSD>0.17000000</valUSD>
        <pctVal>0.000000017767</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</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>N/A</lei>
        <title>CREDICORP LTD.</title>
        <cusip>G2519Y108</cusip>
        <identifiers>
          <isin value="BMG2519Y1084"/>
        </identifiers>
        <balance>31896.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4563360.72000000</valUSD>
        <pctVal>0.476940984800</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>BTG Hotels (Group) Co., Ltd.</name>
        <lei>N/A</lei>
        <title>BTG HOTELS GROUP CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000012Q3"/>
        </identifiers>
        <balance>36500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>68426.93000000</valUSD>
        <pctVal>0.007151660669</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>B3 S.A. - BRASIL, BOLSA, BALCAO</name>
        <lei>4GTK5S46E6H318LMDS44</lei>
        <title>B3 SA- BRASIL BOLSA BALCAO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRB3SAACNOR6"/>
        </identifiers>
        <balance>441601.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19530000"/>
        <valUSD>3051503.46000000</valUSD>
        <pctVal>0.318928779606</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>BANCO DO BRASIL S.A.</name>
        <lei>QE0Q0253K88YAGNPE356</lei>
        <title>BANCO DO BRASIL S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRBBASACNOR3"/>
        </identifiers>
        <balance>482814.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19530000"/>
        <valUSD>2591897.00000000</valUSD>
        <pctVal>0.270892875565</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>ZHONGSHENG GROUP HOLDINGS LIMITED</name>
        <lei>3003005VYMEBAJNJ2Y26</lei>
        <title>ZHONGSHENG GROUP HOLDINGS LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG9894K1085"/>
        </identifiers>
        <balance>63500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>220363.45000000</valUSD>
        <pctVal>0.023031350643</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>Shanghai Pharmaceuticals Holding Co., Ltd.</name>
        <lei>30030029J1KKCBY19820</lei>
        <title>SHANGHAI PHARMACEUTICALS HOLDING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000012B3"/>
        </identifiers>
        <balance>1752100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>2956505.60000000</valUSD>
        <pctVal>0.309000050391</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 National Building Material Company Limited</name>
        <lei>52990085PGF8YEPLBZ26</lei>
        <title>CHINA NATIONAL BUILDINGS MATERIAL COMPANY LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000002N9"/>
        </identifiers>
        <balance>102000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>109583.11000000</valUSD>
        <pctVal>0.011453110899</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMPANIA DE MINAS BUENAVENTURA S.A.A.</name>
        <lei>529900WQB1ZU9KB6EL71</lei>
        <title>CIA DE MINAS BUENAVENTURA SA</title>
        <cusip>204448104</cusip>
        <identifiers>
          <isin value="US2044481040"/>
        </identifiers>
        <balance>154656.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1127442.24000000</valUSD>
        <pctVal>0.117834956569</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>PE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CENTRE TESTING INTERNATIONAL GROUP CO., LTD.</name>
        <lei>N/A</lei>
        <title>CENTRE TESTING INTERNATIONAL GROUP CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000GV8"/>
        </identifiers>
        <balance>44100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>94476.93000000</valUSD>
        <pctVal>0.009874284063</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>HCL TECHNOLOGIES LIMITED</name>
        <lei>549300C1F8OLYSOQYB65</lei>
        <title>HCL TECHNOLOGIES LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE860A01027"/>
        </identifiers>
        <balance>133690.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>771247.85000000</valUSD>
        <pctVal>0.080607195370</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>PETROLEO BRASILEIRO S.A. - PETROBRAS</name>
        <lei>5493000J801JZRCMFE49</lei>
        <title>PETROLEO BRASILEIRO S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRPETRACNPR6"/>
        </identifiers>
        <balance>267400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19530000"/>
        <valUSD>720059.67000000</valUSD>
        <pctVal>0.075257247716</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>BEIJING ENTERPRISES WATER GROUP LIMITED</name>
        <lei>529900TWUN2ALJKWRR11</lei>
        <title>BEIJING ENTERPRISES WATER GROU</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG0957L1090"/>
        </identifiers>
        <balance>2515733.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>975351.85000000</valUSD>
        <pctVal>0.101939184826</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>America Movil, S.A.B. de C.V.</name>
        <lei>5493000FNR3UCEAONM59</lei>
        <title>AMERICA MOVIL SA DE CV-SERL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MXP001691213"/>
        </identifiers>
        <balance>5161500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="23.71010000"/>
        <valUSD>3058573.14000000</valUSD>
        <pctVal>0.319667669286</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>BANK POLSKA KASA OPIEKI - SPOLKA AKCYJNA</name>
        <lei>5493000LKS7B3UTF7H35</lei>
        <title>BANK PEKAO SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PLPEKAO00016"/>
        </identifiers>
        <balance>178433.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="4.13320000"/>
        <valUSD>2393419.16000000</valUSD>
        <pctVal>0.250148905872</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>58.COM INC.</name>
        <lei>549300R31W8UMZCTNF95</lei>
        <title>58.COM INC ADR</title>
        <cusip>31680Q104</cusip>
        <identifiers>
          <isin value="US31680Q1040"/>
        </identifiers>
        <balance>24100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1174152.00000000</valUSD>
        <pctVal>0.122716840843</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <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>Midea Group Co., Ltd.</name>
        <lei>3003003TRPHLHZD2IF61</lei>
        <title>MIDEA GROUP CO LTD-A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001QQ5"/>
        </identifiers>
        <balance>395338.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>2675273.01000000</valUSD>
        <pctVal>0.279606943717</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>Highwealth Construction Corp.</name>
        <lei>N/A</lei>
        <title>HIGHWEALTH CONSTRUCTION CORPORATION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002542008"/>
        </identifiers>
        <balance>58700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>78266.04000000</valUSD>
        <pctVal>0.008179998138</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>SAMSONITE INTERNATIONAL S.A.</name>
        <lei>549300UULS5HYFJSEL12</lei>
        <title>SAMSONITE INTERNATIONAL S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="LU0633102719"/>
        </identifiers>
        <balance>1066675.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>998792.54000000</valUSD>
        <pctVal>0.104389095420</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>Saudi Arabia Fertilizers Company SJSC</name>
        <lei>N/A</lei>
        <title>SAUDI ARABIAN FERTILIZER CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA0007879139"/>
        </identifiers>
        <balance>59797.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75650000"/>
        <valUSD>981062.77000000</valUSD>
        <pctVal>0.102536063306</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>S&amp;P500 EMINI OPTN SEP20P (PUT OPTION)</name>
        <lei>N/A</lei>
        <title>S&amp;P500 EMINI OPTN SEP20P (PUT OPTION)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal" value="ESU0P1650"/>
        </identifiers>
        <balance>-75.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-141375.00000000</valUSD>
        <pctVal>-0.01477584961</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>XCME</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <futrDeriv derivCat="FUT">
                  <counterparties>
                    <counterpartyName>XCME</counterpartyName>
                    <counterpartyLei>N/A</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>S&amp;P500 EMINI</name>
                    <lei>N/A</lei>
                    <title>S&amp;P500 EMINI</title>
                    <cusip>N/A</cusip>
                    <identifiers>
                      <ticker value="ESU0"/>
                    </identifiers>
                    <balance>N/A</balance>
                    <units>NC</units>
                    <descOthUnits>N/A</descOthUnits>
                    <curCd>N/A</curCd>
                    <valUSD>N/A</valUSD>
                    <pctVal>N/A</pctVal>
                    <assetCat>DE</assetCat>
                    <issuerConditional desc="Index future" issuerCat="OTHER"/>
                  </derivAddlInfo>
                  <payOffProf>N/A</payOffProf>
                  <descRefInstrmnt>
                    <indexBasketInfo>
                      <indexName>S&amp;P500 EMINI</indexName>
                      <indexIdentifier>ESU0</indexIdentifier>
                    </indexBasketInfo>
                  </descRefInstrmnt>
                  <expDate>2020-09-18</expDate>
                  <notionalAmt>0</notionalAmt>
                  <curCd>USD</curCd>
                </futrDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <principalAmt>50.00000000</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>1650</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2020-09-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>218508.00000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Abu Dhabi Commercial Bank P.J.S.C.</name>
        <lei>213800RWVKKIRX1AUH58</lei>
        <title>ABU DHABI COMMERCIAL BANK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AEA000201011"/>
        </identifiers>
        <balance>193132.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.67280000"/>
        <valUSD>241065.12000000</valUSD>
        <pctVal>0.025194991759</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>BYD COMPANY LIMITED</name>
        <lei>5299005557VL7ULJ7A69</lei>
        <title>BYD CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001526"/>
        </identifiers>
        <balance>109053.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>913778.10000000</valUSD>
        <pctVal>0.095503786276</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>AMMB HOLDINGS BERHAD</name>
        <lei>254900R0GQB7U67SCH62</lei>
        <title>AMMB HOLDINGS BHD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL1015OO006"/>
        </identifiers>
        <balance>741500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.31500000"/>
        <valUSD>514849.52000000</valUSD>
        <pctVal>0.053809648668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ICICI BANK LIMITED</name>
        <lei>R7RX8ER1V4666J8D1I38</lei>
        <title>ICICI BANK LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE090A01021"/>
        </identifiers>
        <balance>1001014.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>4356327.90000000</valUSD>
        <pctVal>0.455302888863</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>Toly Bread Co., Ltd.</name>
        <lei>N/A</lei>
        <title>TOLY BREAD CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002524"/>
        </identifiers>
        <balance>149600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>1038680.13000000</valUSD>
        <pctVal>0.108557958594</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>MAXIS BERHAD</name>
        <lei>N/A</lei>
        <title>MAXIS BERHAD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL6012OO008"/>
        </identifiers>
        <balance>741400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.31500000"/>
        <valUSD>921218.27000000</valUSD>
        <pctVal>0.096281397826</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mesaieed Petrochemical Holding Company Q.S.C.</name>
        <lei>N/A</lei>
        <title>MESAIEED PETROCHEMICAL HOLDING CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="QA000VSUG130"/>
        </identifiers>
        <balance>125342.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="QAR" exchangeRt="3.64000000"/>
        <valUSD>50059.68000000</valUSD>
        <pctVal>0.005232002145</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>QA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Etihad Etisalat Company SJSC</name>
        <lei>2549007BA9ABDE3HVK79</lei>
        <title>ETIHAD ETISALAT CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA000A0DM9P2"/>
        </identifiers>
        <balance>15003.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75650000"/>
        <valUSD>86226.99000000</valUSD>
        <pctVal>0.009012039163</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Krung Thai Bank Public Company Limited</name>
        <lei>54930007ZQMYCRFQGE36</lei>
        <title>KRUNG THAI BANK PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0150010Z11"/>
        </identifiers>
        <balance>6748600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.81000000"/>
        <valUSD>2327556.72000000</valUSD>
        <pctVal>0.243265273628</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of Communications Co., Ltd.</name>
        <lei>549300AX1UM10U30HK09</lei>
        <title>BANK OF COMMUNICATIONS CO. LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000205"/>
        </identifiers>
        <balance>5579000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>3398065.96000000</valUSD>
        <pctVal>0.355149860995</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>METROPOLITAN BANK &amp; TRUST CO.</name>
        <lei>549300SQYI82RVWFN715</lei>
        <title>METROPOLITAN BANK &amp; TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PHY6028G1361"/>
        </identifiers>
        <balance>2876473.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.85000000"/>
        <valUSD>2256052.22000000</valUSD>
        <pctVal>0.235791959827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. TREASURY BILL</title>
        <cusip>912796XE4</cusip>
        <identifiers>
          <isin value="US912796XE43"/>
        </identifiers>
        <balance>86000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>85877.81000000</valUSD>
        <pctVal>0.008975544513</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-02-25</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EREGLI DEMIR VE CELIK FABRIKALARI TURK ANONIM SIRKETI</name>
        <lei>789000VYQF5IDGG49908</lei>
        <title>EREGLI DEMIR VE CELIK FABRIKALARI TAS (ERDEMIR)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TRAEREGL91G3"/>
        </identifiers>
        <balance>693800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="6.60320000"/>
        <valUSD>787345.77000000</valUSD>
        <pctVal>0.082289674203</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA DEVELOPMENT FINANCIAL HOLDING CORP.</name>
        <lei>N/A</lei>
        <title>CHINA DEVELOPMENT FINANCIAL HOLDING CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002883006"/>
        </identifiers>
        <balance>5034000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>1233670.51000000</valUSD>
        <pctVal>0.128937435381</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>AVENUE SUPERMARTS LIMITED</name>
        <lei>335800B2ZPJKOU2ZM776</lei>
        <title>AVENUE SUPERMARTS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE192R01011"/>
        </identifiers>
        <balance>88627.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>2563395.43000000</valUSD>
        <pctVal>0.267914025612</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sinopec Shanghai Petrochemical Company Limited</name>
        <lei>5299008RZ0G8ACZ8ZU65</lei>
        <title>SINOPEC SHANGHAI PETROCHEMICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000004C8"/>
        </identifiers>
        <balance>334000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>82364.65000000</valUSD>
        <pctVal>0.008608365565</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>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. TREASURY BILL</title>
        <cusip>912796TJ8</cusip>
        <identifiers>
          <isin value="US912796TJ85"/>
        </identifiers>
        <balance>260000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>259818.65000000</valUSD>
        <pctVal>0.027155022450</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-09-10</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZTE Corporation</name>
        <lei>3003004FBGVVG1CW5U45</lei>
        <title>ZTE CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000TK5"/>
        </identifiers>
        <balance>170500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>1019982.30000000</valUSD>
        <pctVal>0.106603749405</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>Zhejiang Longsheng Group Co., Ltd</name>
        <lei>N/A</lei>
        <title>ZHEJIANG LONGSHENG GROUP CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001FJ4"/>
        </identifiers>
        <balance>48300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>80226.98000000</valUSD>
        <pctVal>0.008384946357</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>ITC LIMITED</name>
        <lei>335800WLOU3OFWFTMP43</lei>
        <title>ITC LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE154A01025"/>
        </identifiers>
        <balance>1317147.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>2970413.84000000</valUSD>
        <pctVal>0.310453674176</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNITED SPIRITS LIMITED</name>
        <lei>3358004YFWQVX2EZDE82</lei>
        <title>UNITED SPIRITS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE854D01024"/>
        </identifiers>
        <balance>222144.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>1423737.28000000</valUSD>
        <pctVal>0.148802319624</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>Shandong Sinocera Functional Material Co Ltd</name>
        <lei>N/A</lei>
        <title>SHANDONG SINOCERA FUNCTIONAL MATERIAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001FB0"/>
        </identifiers>
        <balance>26900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>78650.52000000</valUSD>
        <pctVal>0.008220182178</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 Sanju Environmental Protection &amp; New Materials Co., Ltd.</name>
        <lei>N/A</lei>
        <title>BEIJING SANJU ENVIRONMENTAL PROTECTION AND NEW MAT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000NP6"/>
        </identifiers>
        <balance>105800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>67021.94000000</valUSD>
        <pctVal>0.007004817727</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>HYUNDAI DEVELOPMENT COMPANY</name>
        <lei>N/A</lei>
        <title>HDC HYUNDAI DEVELOPMENT CO-ENGINEERING &amp; CONSTRUCT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7294870001"/>
        </identifiers>
        <balance>3634.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>46208.44000000</valUSD>
        <pctVal>0.004829488666</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>GLOBALWAFERS CO., LTD.</name>
        <lei>529900V6RTNF3U5EGX67</lei>
        <title>GLOBALWAFERS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0006488000"/>
        </identifiers>
        <balance>51000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>569811.07000000</valUSD>
        <pctVal>0.059553971196</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>WENS FOODSTUFF GROUP CO., LTD.</name>
        <lei>3003005O7DXT61IXLJ96</lei>
        <title>WENS FOODSTUFFS GROUP CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002508"/>
        </identifiers>
        <balance>17300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>78228.43000000</valUSD>
        <pctVal>0.008176067318</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 Aoyuan Group Limited</name>
        <lei>549300YSOKQO5QD6MP25</lei>
        <title>CHINA AOYUAN GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG2119Z1090"/>
        </identifiers>
        <balance>68000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>78352.82000000</valUSD>
        <pctVal>0.008189067975</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>STANDARD BANK GROUP LIMITED</name>
        <lei>2549003PEZXUT7MDBU41</lei>
        <title>STANDARD BANK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000109815"/>
        </identifiers>
        <balance>368878.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>2113200.85000000</valUSD>
        <pctVal>0.220861806971</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>Helixmith Co., Ltd</name>
        <lei>N/A</lei>
        <title>HELIXMITH CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7084990001"/>
        </identifiers>
        <balance>3023.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>168540.51000000</valUSD>
        <pctVal>0.017615060862</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="135717.25999999"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Guotai Junan Securities Co., Ltd.</name>
        <lei>300300E1005431000017</lei>
        <title>GUOTAI JUNAN SECURITIES CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002FK9"/>
        </identifiers>
        <balance>58800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>86771.36000000</valUSD>
        <pctVal>0.009068934154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shinhan Financial Group Co., Ltd.</name>
        <lei>988400EB8A6G49E5KO54</lei>
        <title>SHINHAN FINANCIAL GROUP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7055550008"/>
        </identifiers>
        <balance>298328.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>6980010.84000000</valUSD>
        <pctVal>0.729517881275</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>TURKCELL ILETISIM HIZMETLERI ANONIM SIRKETI</name>
        <lei>7890003EX1LTLS2FFL84</lei>
        <title>TURKCELL ILETISIM HIZMETLERI A.S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TRATCELL91M1"/>
        </identifiers>
        <balance>524122.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="6.60320000"/>
        <valUSD>974981.93000000</valUSD>
        <pctVal>0.101900522529</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HON HAI PRECISION INDUSTRY CO., LTD.</name>
        <lei>30030004CM3GSZXX7O56</lei>
        <title>HON HAI PRECISION INDUSTRY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002317005"/>
        </identifiers>
        <balance>1201000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>2765617.63000000</valUSD>
        <pctVal>0.289049338189</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>Compal Electronics, Inc.</name>
        <lei>529900ZPKWFDL21LW166</lei>
        <title>COMPAL ELECTRONICS INC.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002324001"/>
        </identifiers>
        <balance>1359000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>775878.22000000</valUSD>
        <pctVal>0.081091139850</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>TELKOM SA SOC LIMITED</name>
        <lei>N/A</lei>
        <title>TELKOM SA SOC LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000044897"/>
        </identifiers>
        <balance>23610.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>26899.96000000</valUSD>
        <pctVal>0.002811457213</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>MINI MSCI EMERGING MARKETS INDEX FUTURE JUN20</name>
        <lei>N/A</lei>
        <title>MINI MSCI EMERGING MARKETS INDEX FUTURE JUN20</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="MMEM0"/>
        </identifiers>
        <balance>1018.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>2511998.60000000</valUSD>
        <pctVal>0.262542270842</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Index Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>IFUS</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>US MSCI Emerging Markets Equity Index Future Jun 2020</indexName>
                <indexIdentifier>MMEM0</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2020-06-19</expDate>
            <notionalAmt>40391611.40000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>2511998.60000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>S&amp;P500 EMINI OPTN JUN20P</name>
        <lei>N/A</lei>
        <title>S&amp;P500 EMINI OPTN JUN20P</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal" value="ESM0P1750"/>
        </identifiers>
        <balance>-75.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-96750.00000000</valUSD>
        <pctVal>-0.01011185464</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>XCME</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <futrDeriv derivCat="FUT">
                  <counterparties>
                    <counterpartyName>XCME</counterpartyName>
                    <counterpartyLei>N/A</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>S&amp;P500 EMINI</name>
                    <lei>N/A</lei>
                    <title>S&amp;P500 EMINI</title>
                    <cusip>N/A</cusip>
                    <identifiers>
                      <ticker value="ESM0"/>
                    </identifiers>
                    <balance>N/A</balance>
                    <units>NC</units>
                    <descOthUnits>N/A</descOthUnits>
                    <curCd>N/A</curCd>
                    <valUSD>N/A</valUSD>
                    <pctVal>N/A</pctVal>
                    <assetCat>DE</assetCat>
                    <issuerConditional desc="Index future" issuerCat="OTHER"/>
                  </derivAddlInfo>
                  <payOffProf>N/A</payOffProf>
                  <descRefInstrmnt>
                    <indexBasketInfo>
                      <indexName>S&amp;P500 EMINI</indexName>
                      <indexIdentifier>ESM0</indexIdentifier>
                    </indexBasketInfo>
                  </descRefInstrmnt>
                  <expDate>2020-06-19</expDate>
                  <notionalAmt>0</notionalAmt>
                  <curCd>USD</curCd>
                </futrDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <principalAmt>50.00000000</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>1750</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2020-06-19</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>337183.00000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OCEANWIDE HOLDINGS CO., LTD.</name>
        <lei>N/A</lei>
        <title>OCEANWIDE HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000123"/>
        </identifiers>
        <balance>150400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>82961.57000000</valUSD>
        <pctVal>0.008670752834</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>Enel Chile S.A.</name>
        <lei>549300YM5CWCAUVOPB53</lei>
        <title>ENEL CHILE SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CL0002266774"/>
        </identifiers>
        <balance>9436244.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="855.40000000"/>
        <valUSD>639820.14000000</valUSD>
        <pctVal>0.066870989691</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HYUNDAI MOTOR COMPANY</name>
        <lei>9884004RQX8PRBXQ8S60</lei>
        <title>HYUNDAI MOTOR CO LTD-2ND PFD STK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7005382007"/>
        </identifiers>
        <balance>7683.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>355643.17000000</valUSD>
        <pctVal>0.037170150278</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>AMBEV S.A.</name>
        <lei>549300TH5Q6VRP8OT012</lei>
        <title>AMBEV SA COM NPV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRABEVACNOR1"/>
        </identifiers>
        <balance>1025100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19530000"/>
        <valUSD>2351970.43000000</valUSD>
        <pctVal>0.245816879693</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>SHENZHEN KINGDOM SCI-TECH CO., LTD</name>
        <lei>N/A</lei>
        <title>SHENZHEN KINGDOM SCI-TECH CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001GF0"/>
        </identifiers>
        <balance>32900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>76731.11000000</valUSD>
        <pctVal>0.008019574478</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>Air China Limited</name>
        <lei>213800I9TWC9K22N4502</lei>
        <title>AIR CHINA LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE1000001S0"/>
        </identifiers>
        <balance>118000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>75328.22000000</valUSD>
        <pctVal>0.007872951018</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>INFOSYS LIMITED</name>
        <lei>335800TYLGG93MM7PR89</lei>
        <title>INFOSYS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE009A01021"/>
        </identifiers>
        <balance>389156.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>3224471.55000000</valUSD>
        <pctVal>0.337006590291</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>BAIC BluePark New Energy Technology Co., Ltd.</name>
        <lei>N/A</lei>
        <title>BAIC BLUEPARK NEW ENERGY TECHNOLOGY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000LP1"/>
        </identifiers>
        <balance>148500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>124033.40000000</valUSD>
        <pctVal>0.012963387199</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>DP World PLC</name>
        <lei>549300M3U2DNF4QVSS04</lei>
        <title>DP WORLD PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AEDFXA0M6V00"/>
        </identifiers>
        <balance>115066.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1729625.32000000</valUSD>
        <pctVal>0.180772297890</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>The National Commercial Bank SJSC</name>
        <lei>5586006ZEFQ542K7CY16</lei>
        <title>NATIONAL COMMERCIAL BANK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA13L050IE10"/>
        </identifiers>
        <balance>166492.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75650000"/>
        <valUSD>1534863.10000000</valUSD>
        <pctVal>0.160416667312</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MALAYAN BANKING BERHAD</name>
        <lei>5493004OT3TOY404V310</lei>
        <title>MALAYAN BANKING BERHAD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL1155OO000"/>
        </identifiers>
        <balance>857914.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.31500000"/>
        <valUSD>1481873.69000000</valUSD>
        <pctVal>0.154878463576</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OIL AND NATURAL GAS CORPORATION LIMITED</name>
        <lei>335800FPDZ9MRSNO7N41</lei>
        <title>OIL &amp; NATURAL GAS CORPORATION, LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE213A01029"/>
        </identifiers>
        <balance>562281.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>503483.41000000</valUSD>
        <pctVal>0.052621716346</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="non-U.S. government agency" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAMSUNG CARD CO.,LTD</name>
        <lei>N/A</lei>
        <title>SAMSUNG CARD CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7029780004"/>
        </identifiers>
        <balance>16220.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>399746.42000000</valUSD>
        <pctVal>0.041779614394</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>China Mobile Limited</name>
        <lei>529900U2JJ7GK68NI589</lei>
        <title>CHINA MOBILE LTD ADR</title>
        <cusip>16941M109</cusip>
        <identifiers>
          <isin value="US16941M1099"/>
        </identifiers>
        <balance>91224.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3436408.08000000</valUSD>
        <pctVal>0.359157198918</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RUENTEX INDUSTRIES LIMITED</name>
        <lei>N/A</lei>
        <title>RUENTEX INDUSTRIES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002915006"/>
        </identifiers>
        <balance>225000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.23500000"/>
        <valUSD>515607.82000000</valUSD>
        <pctVal>0.053888902615</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>LUYE PHARMA GROUP LTD.</name>
        <lei>5299009HZHEY886D5W65</lei>
        <title>LUYE PHARMA GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG570071099"/>
        </identifiers>
        <balance>113500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>54691.76000000</valUSD>
        <pctVal>0.005716125346</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BAJAJ FINANCE LIMITED</name>
        <lei>335800YTEXC3DO4Z6F68</lei>
        <title>BAJAJ FINANCE LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE296A01024"/>
        </identifiers>
        <balance>43704.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>1277466.47000000</valUSD>
        <pctVal>0.133514782993</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>S&amp;P500 EMINI OPTN SEP20P (PUT OPTION)</name>
        <lei>N/A</lei>
        <title>S&amp;P500 EMINI OPTN SEP20P (PUT OPTION)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal" value="ESU0P1500"/>
        </identifiers>
        <balance>-75.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-99000.00000000</valUSD>
        <pctVal>-0.01034701405</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerConditional desc="Future Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>XCME</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <nestedDerivInfo>
                <futrDeriv derivCat="FUT">
                  <counterparties>
                    <counterpartyName>XCME</counterpartyName>
                    <counterpartyLei>N/A</counterpartyLei>
                  </counterparties>
                  <derivAddlInfo>
                    <name>S&amp;P500 EMINI</name>
                    <lei>N/A</lei>
                    <title>S&amp;P500 EMINI</title>
                    <cusip>N/A</cusip>
                    <identifiers>
                      <ticker value="ESU0"/>
                    </identifiers>
                    <balance>N/A</balance>
                    <units>NC</units>
                    <descOthUnits>N/A</descOthUnits>
                    <curCd>N/A</curCd>
                    <valUSD>N/A</valUSD>
                    <pctVal>N/A</pctVal>
                    <assetCat>DE</assetCat>
                    <issuerConditional desc="Index future" issuerCat="OTHER"/>
                  </derivAddlInfo>
                  <payOffProf>N/A</payOffProf>
                  <descRefInstrmnt>
                    <indexBasketInfo>
                      <indexName>S&amp;P500 EMINI</indexName>
                      <indexIdentifier>ESU0</indexIdentifier>
                    </indexBasketInfo>
                  </descRefInstrmnt>
                  <expDate>2020-09-18</expDate>
                  <notionalAmt>0</notionalAmt>
                  <curCd>USD</curCd>
                </futrDeriv>
              </nestedDerivInfo>
            </descRefInstrmnt>
            <principalAmt>50.00000000</principalAmt>
            <curCd>USD</curCd>
            <exercisePrice>1500</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2020-09-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>328383.00000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION</name>
        <lei>300300522KCU7YI25841</lei>
        <title>SEMICONDUCTOR MFG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG8020E1199"/>
        </identifiers>
        <balance>907500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>1425405.11000000</valUSD>
        <pctVal>0.148976633366</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="1127347.65999999"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BYD COMPANY LIMITED</name>
        <lei>5299005557VL7ULJ7A69</lei>
        <title>BYD CO. LTD. - H</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000296"/>
        </identifiers>
        <balance>19000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75250000"/>
        <valUSD>101371.37000000</valUSD>
        <pctVal>0.010594858483</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="98246.94000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KIA MOTORS CORPORATION</name>
        <lei>988400V8MJK9N7OI5X76</lei>
        <title>KIA MOTORS CORP .</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7000270009"/>
        </identifiers>
        <balance>72562.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1217.20000000"/>
        <valUSD>1527540.08000000</valUSD>
        <pctVal>0.159651299728</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>Transfar Zhilian Co., Ltd.</name>
        <lei>N/A</lei>
        <title>TRANSFAR ZHILIAN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000001JS7"/>
        </identifiers>
        <balance>89000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>76557.84000000</valUSD>
        <pctVal>0.008001465114</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>ULTRATECH CEMENT LIMITED</name>
        <lei>335800PC9O9B4BQHG814</lei>
        <title>ULTRA TECH CEMENT LTD.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE481G01011"/>
        </identifiers>
        <balance>41901.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>1793115.67000000</valUSD>
        <pctVal>0.187408010452</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>Saudi Telecom Company SJSC</name>
        <lei>21380028ATJ79OTA9W17</lei>
        <title>SAUDI TELECOM CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA0007879543"/>
        </identifiers>
        <balance>62907.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75650000"/>
        <valUSD>1458179.70000000</valUSD>
        <pctVal>0.152402079258</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jinke Property Group Co., Ltd.</name>
        <lei>30030085B069LMR8O660</lei>
        <title>JINKE PROPERTIES GROUP CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000073"/>
        </identifiers>
        <balance>98300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.09310000"/>
        <valUSD>109583.37000000</valUSD>
        <pctVal>0.011453138073</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>The Siam Commercial Bank Public Company Limited</name>
        <lei>54930068OELHUBHH1U03</lei>
        <title>SIAM COMMERCIAL BANK PUBLIC CO., LTD. - NVDR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0015010R16"/>
        </identifiers>
        <balance>411000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.81000000"/>
        <valUSD>864662.67000000</valUSD>
        <pctVal>0.090370472696</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="depository receipt"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHENNAI SUPER KINGS CRICKET LTD</name>
        <lei>N/A</lei>
        <title>CHENNAI SUPER KINGS CRICKET LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE852S01026"/>
        </identifiers>
        <balance>8842285.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.64370000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</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>PRESS METAL ALUMINIUM HOLDINGS BERHAD</name>
        <lei>254900RO5GQ4M0YV5S47</lei>
        <title>PRESS METAL ALUMINUM HOLDINGS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MYL8869OO009"/>
        </identifiers>
        <balance>2095300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.31500000"/>
        <valUSD>1604659.17000000</valUSD>
        <pctVal>0.167711424050</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YUM CHINA HOLDINGS, INC.</name>
        <lei>529900DO9BYZ7VA3K502</lei>
        <title>YUM CHINA HOLDINGS INC</title>
        <cusip>98850P109</cusip>
        <identifiers>
          <isin value="US98850P1093"/>
        </identifiers>
        <balance>157998.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6735454.74000000</valUSD>
        <pctVal>0.703958028717</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>The Saudi British Bank SJSC</name>
        <lei>558600TQS0WENZUC5190</lei>
        <title>SAUDI BRITISH BANK/THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA0007879089"/>
        </identifiers>
        <balance>119910.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75650000"/>
        <valUSD>640455.20000000</valUSD>
        <pctVal>0.066937363174</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Companhia Energetica de Minas Gerais - CEMIG</name>
        <lei>254900W703PXLDSEM056</lei>
        <title>COMPANHIA ENERGETICA DE MINAS GERAIS - PRF</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRCMIGACNPR3"/>
        </identifiers>
        <balance>294812.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19530000"/>
        <valUSD>505606.01000000</valUSD>
        <pctVal>0.052843560508</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>TURK HAVA YOLLARI ANONIM ORTAKLIGI</name>
        <lei>789000EV8M3BL7ZPFB03</lei>
        <title>TURK HAVA YOLLARI ANONIM ORTAKLIGI</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TRATHYAO91M5"/>
        </identifiers>
        <balance>40398.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="6.60320000"/>
        <valUSD>55489.74000000</valUSD>
        <pctVal>0.005799526459</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NASPERS LIMITED</name>
        <lei>21380044BQ8812EEKT59</lei>
        <title>NASPERS LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000015889"/>
        </identifiers>
        <balance>152680.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.86800000"/>
        <valUSD>21719281.09000000</valUSD>
        <pctVal>2.269997036795</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>FEDERATED TREASURY OBLIGATIONS FUND</name>
        <lei>N/A</lei>
        <title>FEDERATED TREASURY OBLIGATIONS FUND MUF 2.29% 7/10/2019 - Extendable</title>
        <cusip>60934N500</cusip>
        <identifiers>
          <isin value="US60934N5005"/>
        </identifiers>
        <balance>742626.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>742625.95999999</valUSD>
        <pctVal>0.077615770138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="742625.95999999" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>HC Capital Trust</ncom:nameOfApplicant>
      <ncom:signature>Christopher E. Sabato</ncom:signature>
      <ncom:signerName>Christopher E. Sabato</ncom:signerName>
      <ncom:title>Asst. Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
