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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Royal Bank of Canada</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GUANGZHOU TINCI MATERIALS TECHNOLOGY CO LTD</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NINGBO TUOPU GROUP CO LTD</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>XINYI SOLAR HOLDINGS LTD</name>
        <lei>529900QF7VIH03SB7Q08</lei>
        <title>XINYI SOLAR HOLDINGS LTD HKD0.10</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>INDUSTRIAS PENOLES SAB DE CV</name>
        <lei>549300WA2HB7776CB324</lei>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SHANGHAI PUTAILAI NEW ENERGY TECHNOLOGY CO LTD</name>
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          <isin value="CNE100002TX3"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EMBRAER - EMPRESA BRASILEIRA DE AERONAUTICA SA</name>
        <lei>549300EM51WYXFHUY333</lei>
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          <isin value="BREMBJACNOR1"/>
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        <assetCat>EC</assetCat>
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        <invCountry>BR</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>CHINA PACIFIC INSURANCE (GROUP) COMPANY LTD</name>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>BDO UNIBANK INC</name>
        <lei>3FGIIBS1PEI1FYQBGN97</lei>
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          <isin value="PHY077751022"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SHANNON SEMICONDUCTOR TECHNOLOGY CO LTD</name>
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        <cusip>000000000</cusip>
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          <isin value="CNE1000020T8"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>MESAIEED PETROCHEMICAL HOLDING CO QSC</name>
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        <invCountry>QA</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>HAINAN AIRPORT INFRASTRUCTURE CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>INDUSIND BANK LTD</name>
        <lei>335800JDVJ8HSXG9G512</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>SUZHOU MAXWELL TECHNOLOGIES CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CHINA INTERNATIONAL CAPITAL CORP LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>QATAR NATIONAL BANK SAQ</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CD PROJEKT SA</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>BYD ELECTRONIC (INTERNATIONAL) COMPANY LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>YUM CHINA HOLDINGS INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>CITIC SECURITIES COMPANY LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>HESAI GROUP</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>KWEICHOW MOUTAI COMPANY LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>LS ELECTRIC CO LTD</name>
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          <isin value="KR7010120004"/>
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        <fairValLevel>1</fairValLevel>
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        <name>SBI LIFE INSURANCE CO LTD</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>SHANXI COKING COAL ENERGY GROUP CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CHINA NATIONAL CHEMICAL ENGINEERING CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CHINA STEEL CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>HINDUSTAN AERONAUTICS LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>LG CHEMICAL LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>CHINA LONGYUAN POWER GROUP CORP LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>FUYAO GLASS INDUSTRY GROUP CO LTD</name>
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        <name>AIR CHINA LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>ZHAOJIN MINING INDUSTRY COMPANY LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ZHEJIANG HUAYOU COBALT CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>INNER MONGOLIA DIAN TOU ENERGY CORP</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TEBIAN ELECTRIC APPARATUS STOCK CO LTD</name>
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        <cusip>000000000</cusip>
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          <isin value="CNE000000RB8"/>
          <ticker value="600089"/>
          <other otherDesc="SEDOL" value="BP3R4H7"/>
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        <balance>2330.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INVENTEC CORP</name>
        <lei>391200XSJU5WEVAXB086</lei>
        <title>INVENTEC CORP TWD10</title>
        <cusip>000000000</cusip>
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          <isin value="TW0002356003"/>
          <ticker value="2356"/>
          <other otherDesc="SEDOL" value="6459930"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PETROCHINA COMPANY LTD</name>
        <lei>529900RPY4YG47TRSV05</lei>
        <title>PETROCHINA COMPANY LTD 'H'CNY1</title>
        <cusip>000000000</cusip>
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          <isin value="CNE1000003W8"/>
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        <currencyConditional curCd="HKD" exchangeRt="7.83690000"/>
        <valUSD>237186.03000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAIC MOTOR CORP LTD</name>
        <lei>30030001QBC7EXJJGT71</lei>
        <title>SAIC MOTOR CORP LTD 'A' CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE000000TY6"/>
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          <other otherDesc="SEDOL" value="BP3R2D9"/>
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        <balance>4500.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>E INK HOLDINGS INC</name>
        <lei>529900UOR451FJJYL571</lei>
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        <cusip>000000000</cusip>
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          <isin value="TW0008069006"/>
          <ticker value="8069"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SHANGHAI RURAL COMMERCIAL BANK CO LTD</name>
        <lei>300300C1122131000095</lei>
        <title>SHANGHAI RURAL COMMERCIAL BANK CO LTD A CNY1</title>
        <cusip>000000000</cusip>
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          <isin value="CNE100004QD7"/>
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          <other otherDesc="SEDOL" value="BQ3RWZ8"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BIWIN STORAGE TECHNOLOGY CO LTD</name>
        <lei>N/A</lei>
        <title>BIWIN STORAGE TECHNOLOGY CO LTD CNY1 A</title>
        <cusip>000000000</cusip>
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          <isin value="CNE100005VN3"/>
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          <other otherDesc="SEDOL" value="BPH27X5"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ABB LTD (IN)</name>
        <lei>5493001BUNB8WEF9JI21</lei>
        <title>ABB LTD (IN) INR2</title>
        <cusip>000000000</cusip>
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          <isin value="INE117A01022"/>
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          <other otherDesc="SEDOL" value="B1Y9QS9"/>
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        <balance>403.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="95.00000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AXIA ENERGIA SA</name>
        <lei>254900I8KYDELP4B4Z08</lei>
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        <cusip>000000000</cusip>
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          <isin value="BRAXIAACNOR0"/>
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        <currencyConditional curCd="BRL" exchangeRt="5.04455000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HD KOREA SHIPBUILDING&amp;OFFSHORE ENGINEERING CO LTD</name>
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        <title>HD KOREA SHIPBUILDING&amp;OFFSHORE ENGINEERING CO LTD KRW5000</title>
        <cusip>000000000</cusip>
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          <isin value="KR7009540006"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>LTM LTD</name>
        <lei>335800DY1I1WFHVV6T22</lei>
        <title>LTM LTD INR1</title>
        <cusip>000000000</cusip>
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          <isin value="INE214T01019"/>
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          <other otherDesc="SEDOL" value="BD6F8V6"/>
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        <balance>607.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>EICHER MOTORS LTD</name>
        <lei>25490059S64CN2OY7239</lei>
        <title>EICHER MOTORS LTD INR1</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>TONGLING NONFERROUS METALS GROUP CO LTD</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>LINGYI ITECH (GUANGDONG) COMPANY</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TAIWAN MOBILE COMPANY LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>EVA AIRWAYS CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CHINA INTERNATIONAL CAPITAL CORP LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CHINA HONGQIAO GROUP LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>BANK OF NINGBO CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AMBUJA CEMENTS LTD</name>
        <lei>335800NT6LQHR1428E20</lei>
        <title>AMBUJA CEMENTS LTD INR2</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HUIZHOU DESAY SV AUTOMOTIVE CO LTD</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KOREA INVESTMENT HOLDINGS COMPANY LTD</name>
        <lei>N/A</lei>
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          <isin value="KR7071050009"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GRUPO AEROPORTUARIO DEL PACIFICO SA DE CV</name>
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          <isin value="MX01GA000004"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EASTROC BEVERAGE (GROUP) CO LTD</name>
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        <title>EASTROC BEVERAGE (GROUP) CO LTD A CNY1</title>
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          <isin value="CNE100005576"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PAGE INDUSTRIES LTD</name>
        <lei>335800D6UFCCKUP3KD53</lei>
        <title>PAGE INDUSTRIES LTD INR10</title>
        <cusip>000000000</cusip>
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          <isin value="INE761H01022"/>
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        <balance>50.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HANKOOK TIRE &amp; TECHNOLOGY CO LTD</name>
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        <cusip>000000000</cusip>
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          <isin value="KR7161390000"/>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>ANGLOGOLD ASHANTI PLC</name>
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          <isin value="GB00BRXH2664"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>ALLWYN AG (LU)</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>LU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>CUMMINS INDIA LTD</name>
        <lei>3358002PR6NKJRU4YS77</lei>
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          <isin value="INE298A01020"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MIRAE ASSET SECURITIES CO LTD</name>
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        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>BYD COMPANY LTD</name>
        <lei>5299005557VL7ULJ7A69</lei>
        <title>BYD COMPANY LTD 'A'CNY1</title>
        <cusip>000000000</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>SHRIRAM FINANCE LTD</name>
        <lei>335800TM2YO24B76XL26</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>LG CORP</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>UNIVERSAL SCIENTIFIC INDUSTRIAL (SHANGHAI) CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>REALTEK SEMICONDUCTOR CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PONY AI INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>SHANGHAI PUDONG DEVELOPMENT BANK COMPANY LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TSINGTAO BREWERY COMPANY LTD</name>
        <lei>300300OJ7D0Q1ESE8L15</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>BANK RAKYAT INDONESIA (PERSERO) TBK</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GOLD FIELDS LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>LG DISPLAY COMPANY LTD</name>
        <lei>988400P37K91W0SABO95</lei>
        <title>LG DISPLAY COMPANY LTD KRW5000</title>
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        <fairValLevel>1</fairValLevel>
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        <name>JINDAL STAINLESS LTD</name>
        <lei>3358003QFQMSFDO7BP20</lei>
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        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>COAL INDIA LTD</name>
        <lei>335800NLJQZNHM9LBB31</lei>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>KASIKORNBANK PCL</name>
        <lei>5493004COSQ54937AW41</lei>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>SUN PHARMACEUTICAL INDUSTRIES LTD</name>
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        <cusip>000000000</cusip>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>SURGUTNEFTEGAS PJSC</name>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
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        <name>GULF BANK KSCP</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>ANHUI CONCH CEMENT COMPANY LTD</name>
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          <isin value="CNE1000001W2"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>MAXSCEND MICROELECTRONICS COMPANY LTD</name>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>CHINA SOUTHERN AIRLINES COMPANY LTD</name>
        <lei>529900AJQ1Q18ABYVX84</lei>
        <title>CHINA SOUTHERN AIRLINES COMPANY LTD 'A'CNY1</title>
        <cusip>000000000</cusip>
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          <isin value="CNE000001FG0"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>BAJAJ AUTO LTD</name>
        <lei>335800DLAO5NCNN8G863</lei>
        <title>BAJAJ AUTO LTD INR10</title>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>INDIAN HOTELS COMPANY LTD (THE)</name>
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        <title>INDIAN HOTELS COMPANY LTD (THE) INR1 (POST SUBDIVISION)</title>
        <cusip>000000000</cusip>
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          <isin value="INE053A01029"/>
          <ticker value="IH"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>BIM BIRLESIK MAGAZALAR AS</name>
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        <assetCat>EC</assetCat>
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        <invCountry>TR</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>OBEROI REALTY LTD</name>
        <lei>335800TCKG1XQXN51L44</lei>
        <title>OBEROI REALTY LTD INR10</title>
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        <fairValLevel>1</fairValLevel>
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        <name>DUBAI ELECTRICITY AND WATER AUTHORITY PJSC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SHENNAN CIRCUITS CO LTD</name>
        <lei>300300VRJEDEV10SPJ55</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>CPFL ENERGIA SA</name>
        <lei>529900GBWSBDXN8GGM28</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>J&amp;T GLOBAL EXPRESS LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>AMOREPACIFIC CORP</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>B3 - BRASIL BOLSA BALCAO SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>VK IPJSC</name>
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        <title>VK IPJSC SPON GDR REG S</title>
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        <fairValLevel>3</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>ALUMINUM CORP OF CHINA LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>37 INTERACTIVE ENTERTAINMENT NETWORK TECHNOLOGY GROUP CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>DONGFANG ELECTRIC CORP LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SHENZHEN TECHWINSEMI TECHNOLOGY CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NATIONAL ALUMINIUM COMPANY LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ASPEED TECHNOLOGY INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>JARIR MARKETING JSC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>YANG MING MARINE TRANSPORT CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AIER EYE HOSPITAL GROUP CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>KOMERCNI BANKA AS</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PORTO SEGURO SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Royal Bank of Canada</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HD HYUNDAI ELECTRIC CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ZTE CORP</name>
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        <name>EVE ENERGY CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>BANK OF CHENGDU CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SDIC CAPITAL CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CHINA GAS HOLDINGS LTD</name>
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        <assetCat>EC</assetCat>
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        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ULTRAPAR PARTICIPACOES SA</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>INDUSTRIAL BANK OF KOREA</name>
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        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>UNITED TRACTORS TBK PT</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>IMEIK TECHNOLOGY DEVELOPMENT CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>DUKHAN BANK</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CHINA RESOURCES BEER (HOLDINGS) CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>VEDANTA ALUMINIUM METAL LTD</name>
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        <fairValLevel>3</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Royal Bank of Canada</name>
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        <name>SHENZHEN SALUBRIS PHARMACEUTICALS CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CHINA VANKE COMPANY LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>SHREE CEMENT LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>GOERTEK INC</name>
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        <fairValLevel>1</fairValLevel>
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        <lei>3358008S2MTRWZ255P70</lei>
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        <name>SHANXI XINGHUACUN FEN WINE FACTORY CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>GRUPO AEROPORTUARIO DEL CENTRO SAB DE CV</name>
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        <name>ZHEJIANG SANHUA INTELLIGENT CONTROLS CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ALUMINUM CORP OF CHINA LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PICC PROPERTY &amp; CASUALTY COMPANY LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CHAOZHOU THREE CIRCLE GROUP CO LTD</name>
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        <name>JSW STEEL LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>INNER MONGOLIA XINGYE SILVER&amp;TIN MINING CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SHANGHAI RAAS BLOOD PRODUCTS CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ENEVA SA</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>NEW CHINA LIFE INSURANCE COMPANY LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>POWSZECHNY ZAKLAD UBEZPIECZEN SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>KING YUAN ELECTRONICS CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ONE 97 COMMUNICATIONS LTD</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UNITED MICROELECTRONICS CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>TRIP.COM GROUP LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TORRENT POWER LTD</name>
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        <name>Citibank, National Association</name>
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        <name>IEIT SYSTEMS CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>ALRAYAN BANK QPSC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>HDFC LIFE INSURANCE CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BUPA ARABIA FOR COOPERATIVE INSURANCE COMPANY SJSC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GUOLIAN MINSHENG SECURITIES CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>WUXI BIOLOGICS (CAYMAN) INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>KING SLIDE WORKS COMPANY LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Citibank, National Association</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Citibank, National Association</name>
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        <name>GREE ELECTRIC APPLIANCES OF ZHUHAI INC</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PIOTECH INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UPL LTD</name>
        <lei>335800RJSM1SLHO4UA95</lei>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CHINA GREATWALL TECHNOLOGY GROUP CO LTD</name>
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        <title>CHINA GREATWALL TECHNOLOGY GROUP CO LTD 'A'CNY1</title>
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          <isin value="CNE000000RL7"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>COMPANHIA PARANAENSE DE ENERGIA SA</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CHANGJIANG SECURITIES CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>JPMorgan Chase Bank, National Association</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>3</fairValLevel>
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        <name>HLB CO LTD</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>ITAU UNIBANCO HOLDING SA</name>
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        <assetCat>EP</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>JIANGXI COPPER CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CHINA RESOURCES POWER HOLDINGS COMPANY LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>JPMorgan Chase Bank, National Association</name>
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        <name>PROMOTORA Y OPERADORA DE INFRAESTRUCTURA SAB/DE/CV</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>CHINA NATIONAL SOFTWARE&amp; SERVICE CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>INNER MONGOLIA YILI INDUSTRIAL GROUP COMPANY LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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          <ticker value="HDFCB"/>
          <other otherDesc="SEDOL" value="BK1N461"/>
        </identifiers>
        <balance>92752.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="95.00000000"/>
        <valUSD>726931.60000000</valUSD>
        <pctVal>0.700428381837</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POWER FINANCE CORP LTD</name>
        <lei>3358003Q6D9LIJJZ1614</lei>
        <title>POWER FINANCE CORP LTD INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE134E01011"/>
          <ticker value="POWF"/>
          <other otherDesc="SEDOL" value="B1S7225"/>
        </identifiers>
        <balance>11546.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="95.00000000"/>
        <valUSD>52090.69000000</valUSD>
        <pctVal>0.050191514174</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EQUATORIAL SA</name>
        <lei>N/A</lei>
        <title>EQUATORIAL SA COM NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BREQTLACNOR0"/>
          <ticker value="EQTL3"/>
          <other otherDesc="SEDOL" value="B128R96"/>
        </identifiers>
        <balance>8921.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.04455000"/>
        <valUSD>68173.48000000</valUSD>
        <pctVal>0.065687941314</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>KGI FINANCIAL HOLDING CO LTD</name>
        <lei>213800CVM61O866CGD19</lei>
        <title>KGI FINANCIAL HOLDING CO LTD TWD10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002883006"/>
          <ticker value="2883"/>
          <other otherDesc="SEDOL" value="6431756"/>
        </identifiers>
        <balance>123034.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.32550000"/>
        <valUSD>88370.98000000</valUSD>
        <pctVal>0.085149060135</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-07-28</ncom:dateSigned>
      <ncom:nameOfApplicant>DBX ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Diane Kenneally</ncom:signature>
      <ncom:signerName>Diane Kenneally</ncom:signerName>
      <ncom:title>Treasurer and Chief Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
