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      <regLei>5493004OW9VWINAYRX18</regLei>
      <regStreet1>3803 West Chester Pike</regStreet1>
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      <regCity>Newtown Square</regCity>
      <regStateConditional regCountry="US" regState="US-PA"/>
      <regZipOrPostalCode>19073</regZipOrPostalCode>
      <regPhone>2158829983</regPhone>
      <seriesName>Sophus Capital Emerging Market ETF</seriesName>
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      <repPdEnd>2027-03-31</repPdEnd>
      <repPdDate>2026-06-30</repPdDate>
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      <totLiabs>89909.42</totLiabs>
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      <assetsInvested>0.00</assetsInvested>
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        <name>Sharda Cropchem Ltd</name>
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        <fairValLevel>1</fairValLevel>
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        <name>New China Life Insurance Co Ltd</name>
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        <fairValLevel>1</fairValLevel>
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        <name>China Hongqiao Group Ltd</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Sany Heavy Industry Co Ltd</name>
        <lei>N/A</lei>
        <title>Sany Heavy Industry Co Ltd</title>
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          <ticker value="6031 HK"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Gentera SAB de CV</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Airtac International Group</name>
        <lei>N/A</lei>
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          <other otherDesc="SEDOL" value="B52J816"/>
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        <fairValLevel>1</fairValLevel>
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        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>LG CNS Co Ltd</name>
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        <name>RR Kabel Ltd</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Hanmi Pharm Co Ltd</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Bajaj Consumer Care Ltd</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>King Slide Works Co Ltd</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Li Ning Co Ltd</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Polycab India Ltd</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Voltamp Transformers Ltd</name>
        <lei>N/A</lei>
        <title>Voltamp Transformers Ltd</title>
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        <invCountry>IN</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Asia Vital Components Co Ltd</name>
        <lei>N/A</lei>
        <title>Asia Vital Components Co Ltd</title>
        <cusip>N/A</cusip>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Anjoy Foods Group Co Ltd</name>
        <lei>N/A</lei>
        <title>Anjoy Foods Group Co Ltd</title>
        <cusip>N/A</cusip>
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          <ticker value="2648 HK"/>
          <other otherDesc="SEDOL" value="BVLJYN3"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DLF Ltd</name>
        <lei>335800PJLUEOB8914F48</lei>
        <title>DLF Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="DLFU IN"/>
          <other otherDesc="SEDOL" value="B1YLCV0"/>
        </identifiers>
        <balance>79133</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>518350.57</valUSD>
        <pctVal>0.85</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>APR Corp/Korea</name>
        <lei>N/A</lei>
        <title>APR Corp/Korea</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="278470 KS"/>
          <other otherDesc="SEDOL" value="BNNJP32"/>
        </identifiers>
        <balance>920</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>228916.28</valUSD>
        <pctVal>0.37</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Optima bank SA</name>
        <lei>N/A</lei>
        <title>Optima bank SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="OPTIMA GA"/>
          <other otherDesc="SEDOL" value="BL571C1"/>
        </identifiers>
        <balance>26350</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8752"/>
        <valUSD>301074.04</valUSD>
        <pctVal>0.49</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shengyi Electronics Co Ltd</name>
        <lei>N/A</lei>
        <title>Shengyi Electronics Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="688183 C1"/>
          <other otherDesc="SEDOL" value="BQWRJD6"/>
        </identifiers>
        <balance>18400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>359029.68</valUSD>
        <pctVal>0.59</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhejiang Taotao Vehicles Co Ltd</name>
        <lei>N/A</lei>
        <title>Zhejiang Taotao Vehicles Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="301345 C2"/>
          <other otherDesc="SEDOL" value="BNC3K74"/>
        </identifiers>
        <balance>9900</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>337032.45</valUSD>
        <pctVal>0.55</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fertiglobe plc</name>
        <lei>N/A</lei>
        <title>Fertiglobe plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="FERTIGLB UH"/>
          <other otherDesc="SEDOL" value="BMXCL70"/>
        </identifiers>
        <balance>379514</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.6728"/>
        <valUSD>285193.49</valUSD>
        <pctVal>0.47</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HD Hyundai Heavy Industries Co Ltd</name>
        <lei>988400CAR8W9URQLGF30</lei>
        <title>HD Hyundai Heavy Industries Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="329180 KS"/>
          <other otherDesc="SEDOL" value="BMDHSH4"/>
        </identifiers>
        <balance>1150</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>439424.26</valUSD>
        <pctVal>0.72</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HD Hyundai Marine Solution Co Ltd</name>
        <lei>N/A</lei>
        <title>HD Hyundai Marine Solution Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="443060 KS"/>
          <other otherDesc="SEDOL" value="BRJRZT4"/>
        </identifiers>
        <balance>2760</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>399935.45</valUSD>
        <pctVal>0.65</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ningbo Orient Wires &amp; Cables Co Ltd</name>
        <lei>N/A</lei>
        <title>Ningbo Orient Wires &amp; Cables Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="603606 C1"/>
          <other otherDesc="SEDOL" value="BKM3FP6"/>
        </identifiers>
        <balance>48120</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>294376.34</valUSD>
        <pctVal>0.48</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Contemporary Amperex Technology Co Ltd</name>
        <lei>N/A</lei>
        <title>Contemporary Amperex Technology Co Ltd</title>
        <cusip>Y1R48E105</cusip>
        <identifiers>
          <ticker value="300750 C2"/>
          <other otherDesc="SEDOL" value="BHQPSY7"/>
        </identifiers>
        <balance>6600</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>382271.64</valUSD>
        <pctVal>0.63</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WuXi AppTec Co Ltd</name>
        <lei>N/A</lei>
        <title>WuXi AppTec Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="2359 HK"/>
          <other otherDesc="SEDOL" value="BGHH0L6"/>
        </identifiers>
        <balance>29900</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>585964.29</valUSD>
        <pctVal>0.96</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aptus Value Housing Finance India Ltd</name>
        <lei>N/A</lei>
        <title>Aptus Value Housing Finance India Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="APTUS IN"/>
          <other otherDesc="SEDOL" value="BL6L423"/>
        </identifiers>
        <balance>152745</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>449963.09</valUSD>
        <pctVal>0.74</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>Shennan Circuits Co Ltd</name>
        <lei>N/A</lei>
        <title>Shennan Circuits Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="002916 C2"/>
          <other otherDesc="SEDOL" value="BFY8GV7"/>
        </identifiers>
        <balance>6000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>404898.75</valUSD>
        <pctVal>0.66</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wiwynn Corp</name>
        <lei>254900FV2R15PMKXFL69</lei>
        <title>Wiwynn Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="6669 TT"/>
          <other otherDesc="SEDOL" value="BF4QXG5"/>
        </identifiers>
        <balance>4304</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>626215.69</valUSD>
        <pctVal>1.03</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Henan Shenhuo Coal Industry &amp; Electricity Power Co Ltd</name>
        <lei>N/A</lei>
        <title>Henan Shenhuo Coal Industry &amp; Electricity Power Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="000933 C2"/>
          <other otherDesc="SEDOL" value="BD6QWQ2"/>
        </identifiers>
        <balance>69800</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>218080.00</valUSD>
        <pctVal>0.36</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Emaar Development PJSC</name>
        <lei>N/A</lei>
        <title>Emaar Development PJSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="EMAARDEV UH"/>
          <other otherDesc="SEDOL" value="BDG1977"/>
        </identifiers>
        <balance>124504</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.6728"/>
        <valUSD>468483.25</valUSD>
        <pctVal>0.77</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hartadinata Abadi PT</name>
        <lei>N/A</lei>
        <title>Hartadinata Abadi PT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="HRTA IJ"/>
          <other otherDesc="SEDOL" value="BZ3ZYD7"/>
        </identifiers>
        <balance>2159470</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="17880"/>
        <valUSD>203507.10</valUSD>
        <pctVal>0.33</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shenzhen Batian Ecotypic Engineering Co Ltd</name>
        <lei>N/A</lei>
        <title>Shenzhen Batian Ecotypic Engineering Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="002170 C2"/>
          <other otherDesc="SEDOL" value="BD5C9S2"/>
        </identifiers>
        <balance>174200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>278806.26</valUSD>
        <pctVal>0.46</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ping An Bank Co Ltd</name>
        <lei>N/A</lei>
        <title>Ping An Bank Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="000001 C2"/>
          <other otherDesc="SEDOL" value="BD5CPS4"/>
        </identifiers>
        <balance>365300</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>541053.59</valUSD>
        <pctVal>0.89</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hangzhou First Applied Material Co Ltd</name>
        <lei>N/A</lei>
        <title>Hangzhou First Applied Material Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="603806 C1"/>
          <other otherDesc="SEDOL" value="BYYFJR8"/>
        </identifiers>
        <balance>145400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>359782.18</valUSD>
        <pctVal>0.59</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Caixa Seguridade Participacoes S/A</name>
        <lei>N/A</lei>
        <title>Caixa Seguridade Participacoes S/A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CXSE3 BZ"/>
          <other otherDesc="SEDOL" value="BMDWWN3"/>
        </identifiers>
        <balance>118680</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>454047.61</valUSD>
        <pctVal>0.74</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>Delta Electronics Inc</name>
        <lei>529900UVZWNWGDLJSM52</lei>
        <title>Delta Electronics Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="2308 TT"/>
          <other otherDesc="SEDOL" value="6260734"/>
        </identifiers>
        <balance>15706</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>961395.63</valUSD>
        <pctVal>1.57</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TVS Motor Co Ltd</name>
        <lei>335800URVL13UQEWM152</lei>
        <title>TVS Motor Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TVSL IN"/>
          <other otherDesc="SEDOL" value="6726548"/>
        </identifiers>
        <balance>10121</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>370010.51</valUSD>
        <pctVal>0.61</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>BIM Birlesik Magazalar AS</name>
        <lei>N/A</lei>
        <title>BIM Birlesik Magazalar AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BIMAS TI"/>
          <other otherDesc="SEDOL" value="B0D0006"/>
        </identifiers>
        <balance>37950</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="46.64625"/>
        <valUSD>297156.52</valUSD>
        <pctVal>0.49</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>Aselsan Elektronik Sanayi Ve Ticaret AS</name>
        <lei>7890008XT4M710MU8714</lei>
        <title>Aselsan Elektronik Sanayi Ve Ticaret AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ASELS TI"/>
          <other otherDesc="SEDOL" value="B03MP41"/>
        </identifiers>
        <balance>39560</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="46.64625"/>
        <valUSD>292589.44</valUSD>
        <pctVal>0.48</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>Standard Bank Group Ltd</name>
        <lei>2549003PEZXUT7MDBU41</lei>
        <title>Standard Bank Group Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SBK SJ"/>
          <other otherDesc="SEDOL" value="B030GJ7"/>
        </identifiers>
        <balance>22080</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.38"/>
        <valUSD>435493.63</valUSD>
        <pctVal>0.71</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>LPP SA</name>
        <lei>259400NUS7MKGPJL4752</lei>
        <title>LPP SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LPP PW"/>
          <other otherDesc="SEDOL" value="7127979"/>
        </identifiers>
        <balance>64</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.7618"/>
        <valUSD>311000.05</valUSD>
        <pctVal>0.51</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arvind Ltd</name>
        <lei>N/A</lei>
        <title>Arvind Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ARVND IN"/>
          <other otherDesc="SEDOL" value="6099712"/>
        </identifiers>
        <balance>58738</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>364309.48</valUSD>
        <pctVal>0.60</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>Turkiye Garanti Bankasi AS</name>
        <lei>5493002XSS7K7RHN1V37</lei>
        <title>Turkiye Garanti Bankasi AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="GARAN TI"/>
          <other otherDesc="SEDOL" value="B03MYP5"/>
        </identifiers>
        <balance>101890</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="46.64625"/>
        <valUSD>301435.16</valUSD>
        <pctVal>0.49</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>Samsung Heavy Industries Co Ltd</name>
        <lei>988400OSK0T9LDTWNC20</lei>
        <title>Samsung Heavy Industries Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="010140 KS"/>
          <other otherDesc="SEDOL" value="6772217"/>
        </identifiers>
        <balance>17940</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>269800.56</valUSD>
        <pctVal>0.44</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PetroChina Co Ltd</name>
        <lei>N/A</lei>
        <title>PetroChina Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="857 HK"/>
          <other otherDesc="SEDOL" value="6226576"/>
        </identifiers>
        <balance>309580</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>334730.16</valUSD>
        <pctVal>0.55</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yageo Corp</name>
        <lei>N/A</lei>
        <title>Yageo Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="2327 TT"/>
          <other otherDesc="SEDOL" value="6984380"/>
        </identifiers>
        <balance>23938</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>856632.71</valUSD>
        <pctVal>1.40</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank Mandiri Persero Tbk PT</name>
        <lei>N/A</lei>
        <title>Bank Mandiri Persero Tbk PT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BMRI IJ"/>
          <other otherDesc="SEDOL" value="6651048"/>
        </identifiers>
        <balance>2090930</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="17880"/>
        <valUSD>450228.22</valUSD>
        <pctVal>0.74</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Guangdong Investment Ltd</name>
        <lei>N/A</lei>
        <title>Guangdong Investment Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="270 HK"/>
          <other otherDesc="SEDOL" value="6913168"/>
        </identifiers>
        <balance>289800</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>286738.62</valUSD>
        <pctVal>0.47</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <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>Shinsegae Inc</name>
        <lei>N/A</lei>
        <title>Shinsegae Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="004170 KS"/>
          <other otherDesc="SEDOL" value="6805049"/>
        </identifiers>
        <balance>646</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>314806.69</valUSD>
        <pctVal>0.52</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DB Insurance Co Ltd</name>
        <lei>9884000ZF26VNJBWSJ91</lei>
        <title>DB Insurance Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="005830 KS"/>
          <other otherDesc="SEDOL" value="6155937"/>
        </identifiers>
        <balance>3910</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>337926.16</valUSD>
        <pctVal>0.55</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Samsung Electronics Co Ltd</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>Samsung Electronics Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="005930 KS"/>
          <other otherDesc="SEDOL" value="6771720"/>
        </identifiers>
        <balance>27140</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>5850874.59</valUSD>
        <pctVal>9.58</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hanwha Corp</name>
        <lei>N/A</lei>
        <title>Hanwha Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="000880 KS"/>
          <other otherDesc="SEDOL" value="6496755"/>
        </identifiers>
        <balance>4830</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>310818.43</valUSD>
        <pctVal>0.51</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United Microelectronics Corp</name>
        <lei>391200YJCAGH9LF96P73</lei>
        <title>United Microelectronics Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="2303 TT"/>
          <other otherDesc="SEDOL" value="6916628"/>
        </identifiers>
        <balance>153037</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>790249.60</valUSD>
        <pctVal>1.29</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tenaga Nasional Bhd</name>
        <lei>N/A</lei>
        <title>Tenaga Nasional Bhd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TNB MK"/>
          <other otherDesc="SEDOL" value="6904612"/>
        </identifiers>
        <balance>138000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.0775"/>
        <valUSD>483296.14</valUSD>
        <pctVal>0.79</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>KIWOOM Securities Co Ltd</name>
        <lei>N/A</lei>
        <title>KIWOOM Securities Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="039490 KS"/>
          <other otherDesc="SEDOL" value="B00VS64"/>
        </identifiers>
        <balance>1150</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>254598.85</valUSD>
        <pctVal>0.42</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yum China Holdings Inc</name>
        <lei>529900DO9BYZ7VA3K502</lei>
        <title>Yum China Holdings Inc</title>
        <cusip>98850P109</cusip>
        <identifiers>
          <ticker value="YUMC"/>
          <other otherDesc="SEDOL" value="BYW4289"/>
        </identifiers>
        <balance>9890</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>404204.30</valUSD>
        <pctVal>0.66</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>SK hynix Inc</name>
        <lei>988400XAIK6XISWQV045</lei>
        <title>SK hynix Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="000660 KS"/>
          <other otherDesc="SEDOL" value="6450267"/>
        </identifiers>
        <balance>1840</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>3147227.78</valUSD>
        <pctVal>5.15</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grupo Financiero Banorte SAB de CV</name>
        <lei>N/A</lei>
        <title>Grupo Financiero Banorte SAB de CV</title>
        <cusip>P49501201</cusip>
        <identifiers>
          <ticker value="GFNORTEO MM"/>
          <other otherDesc="SEDOL" value="2421041"/>
        </identifiers>
        <balance>55200</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.4875"/>
        <valUSD>584591.28</valUSD>
        <pctVal>0.96</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>E.Sun Financial Holding Co Ltd</name>
        <lei>N/A</lei>
        <title>E.Sun Financial Holding Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="2884 TT"/>
          <other otherDesc="SEDOL" value="6433912"/>
        </identifiers>
        <balance>369380</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>399451.95</valUSD>
        <pctVal>0.65</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alinma Bank</name>
        <lei>N/A</lei>
        <title>Alinma Bank</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ALINMA AB"/>
          <other otherDesc="SEDOL" value="B39NWT3"/>
        </identifiers>
        <balance>101660</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>661282.44</valUSD>
        <pctVal>1.08</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>Weichai Power Co Ltd</name>
        <lei>N/A</lei>
        <title>Weichai Power Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="2338 HK"/>
          <other otherDesc="SEDOL" value="6743956"/>
        </identifiers>
        <balance>68310</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>297005.68</valUSD>
        <pctVal>0.49</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MediaTek Inc</name>
        <lei>254900UEGBK1I4DM4E14</lei>
        <title>MediaTek Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="2454 TT"/>
          <other otherDesc="SEDOL" value="6372480"/>
        </identifiers>
        <balance>8740</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>1164638.30</valUSD>
        <pctVal>1.91</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>King Yuan Electronics Co Ltd</name>
        <lei>N/A</lei>
        <title>King Yuan Electronics Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="2449 TT"/>
          <other otherDesc="SEDOL" value="6352493"/>
        </identifiers>
        <balance>49302</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>522324.33</valUSD>
        <pctVal>0.86</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Resources Land Ltd</name>
        <lei>N/A</lei>
        <title>China Resources Land Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="1109 HK"/>
          <other otherDesc="SEDOL" value="6193766"/>
        </identifiers>
        <balance>120750</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>461885.67</valUSD>
        <pctVal>0.76</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>Saudi Energy Co</name>
        <lei>549300FXO4ZXUIAXGP41</lei>
        <title>Saudi Energy Co</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SECO AB"/>
          <other otherDesc="SEDOL" value="B132NM2"/>
        </identifiers>
        <balance>70610</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>334519.86</valUSD>
        <pctVal>0.55</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>SABIC Agri-Nutrients Co</name>
        <lei>N/A</lei>
        <title>SABIC Agri-Nutrients Co</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SAFCO AB"/>
          <other otherDesc="SEDOL" value="B1323K0"/>
        </identifiers>
        <balance>8970</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>295562.12</valUSD>
        <pctVal>0.48</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>Riyad Bank</name>
        <lei>N/A</lei>
        <title>Riyad Bank</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="RIBL AB"/>
          <other otherDesc="SEDOL" value="B12LZW4"/>
        </identifiers>
        <balance>109020</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>577714.31</valUSD>
        <pctVal>0.95</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>Acter Group Corp Ltd</name>
        <lei>N/A</lei>
        <title>Acter Group Corp Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="5536 TT"/>
          <other otherDesc="SEDOL" value="B56VQB4"/>
        </identifiers>
        <balance>15640</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>633327.58</valUSD>
        <pctVal>1.04</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Merchants Bank Co Ltd</name>
        <lei>N/A</lei>
        <title>China Merchants Bank Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="3968 HK"/>
          <other otherDesc="SEDOL" value="B1DYPZ5"/>
        </identifiers>
        <balance>138460</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>793031.00</valUSD>
        <pctVal>1.30</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of Maharashtra</name>
        <lei>N/A</lei>
        <title>Bank of Maharashtra</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BOMH IN"/>
          <other otherDesc="SEDOL" value="B00PVH8"/>
        </identifiers>
        <balance>692368</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>668824.91</valUSD>
        <pctVal>1.10</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>Zijin Mining Group Co Ltd</name>
        <lei>N/A</lei>
        <title>Zijin Mining Group Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="2899 HK"/>
          <other otherDesc="SEDOL" value="6725299"/>
        </identifiers>
        <balance>108100</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>377661.18</valUSD>
        <pctVal>0.62</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shriram Finance Ltd</name>
        <lei>335800TM2YO24B76XL26</lei>
        <title>Shriram Finance Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SHFL IN"/>
          <other otherDesc="SEDOL" value="BS4DBX0"/>
        </identifiers>
        <balance>72534</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>798566.51</valUSD>
        <pctVal>1.31</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>VEDANTA LTD</name>
        <lei>335800XDKX9KB5EMCO07</lei>
        <title>VEDANTA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="VEDL IN"/>
          <other otherDesc="SEDOL" value="6136040"/>
        </identifiers>
        <balance>99876</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>296223.93</valUSD>
        <pctVal>0.49</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>Hindustan Zinc Ltd</name>
        <lei>N/A</lei>
        <title>Hindustan Zinc Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="HZ IN"/>
          <other otherDesc="SEDOL" value="6139726"/>
        </identifiers>
        <balance>50694</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>285525.70</valUSD>
        <pctVal>0.47</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>Schaeffler India Ltd</name>
        <lei>N/A</lei>
        <title>Schaeffler India Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SCHFL IN"/>
          <other otherDesc="SEDOL" value="BPG9V35"/>
        </identifiers>
        <balance>7441</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>329346.81</valUSD>
        <pctVal>0.54</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>Aluminum Corp of China Ltd</name>
        <lei>N/A</lei>
        <title>Aluminum Corp of China Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="2600 HK"/>
          <other otherDesc="SEDOL" value="6425395"/>
        </identifiers>
        <balance>306590</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>291623.76</valUSD>
        <pctVal>0.48</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alsea SAB de CV</name>
        <lei>N/A</lei>
        <title>Alsea SAB de CV</title>
        <cusip>P0212A104</cusip>
        <identifiers>
          <ticker value="ALSEA* MM"/>
          <other otherDesc="SEDOL" value="2563017"/>
        </identifiers>
        <balance>127880</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.4875"/>
        <valUSD>334919.46</valUSD>
        <pctVal>0.55</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>Shinhan Financial Group Co Ltd</name>
        <lei>N/A</lei>
        <title>Shinhan Financial Group Co Ltd</title>
        <cusip>824596100</cusip>
        <identifiers>
          <ticker value="SHG"/>
          <other otherDesc="SEDOL" value="2730800"/>
        </identifiers>
        <balance>8510</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>538257.50</valUSD>
        <pctVal>0.88</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Taiwan Semiconductor Manufacturing Co Ltd</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>Taiwan Semiconductor Manufacturing Co Ltd</title>
        <cusip>874039100</cusip>
        <identifiers>
          <ticker value="TSM"/>
          <other otherDesc="SEDOL" value="2113382"/>
        </identifiers>
        <balance>21351</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10196597.07</valUSD>
        <pctVal>16.70</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First American Government Obligations Fund</name>
        <lei>549300R5MYM6VZF1RM44</lei>
        <title>First American Government Obligations Fund</title>
        <cusip>31846V336</cusip>
        <identifiers>
          <ticker value="FGXXX"/>
          <other otherDesc="SEDOL" value="BMBR4D4"/>
        </identifiers>
        <balance>987994.96</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>987994.96</valUSD>
        <pctVal>1.62</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>Banco Pine SA</name>
        <lei>N/A</lei>
        <title>Banco Pine SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="B1VK146"/>
          <other otherDesc="SEDOL" value="B1VK146"/>
        </identifiers>
        <balance>103730</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>241928.83</valUSD>
        <pctVal>0.40</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PDD Holdings Inc</name>
        <lei>5493000573DS7005T657</lei>
        <title>PDD Holdings Inc</title>
        <cusip>722304102</cusip>
        <identifiers>
          <ticker value="PDD"/>
          <other otherDesc="SEDOL" value="BYVW0F7"/>
        </identifiers>
        <balance>6670</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>508787.60</valUSD>
        <pctVal>0.83</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>ASE Technology Holding Co Ltd</name>
        <lei>N/A</lei>
        <title>ASE Technology Holding Co Ltd</title>
        <cusip>00215W100</cusip>
        <identifiers>
          <ticker value="ASX"/>
          <other otherDesc="SEDOL" value="BFXQ991"/>
        </identifiers>
        <balance>13415</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>605284.80</valUSD>
        <pctVal>0.99</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alibaba Group Holding Ltd</name>
        <lei>5493001NTNQJDH60PM02</lei>
        <title>Alibaba Group Holding Ltd</title>
        <cusip>01609W102</cusip>
        <identifiers>
          <ticker value="BABA"/>
          <other otherDesc="SEDOL" value="BP41ZD1"/>
        </identifiers>
        <balance>2070</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>198678.60</valUSD>
        <pctVal>0.33</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>Tencent Holdings Ltd</name>
        <lei>254900N4SLUMW4XUYY11</lei>
        <title>Tencent Holdings Ltd</title>
        <cusip>88032Q109</cusip>
        <identifiers>
          <ticker value="TCEHY"/>
          <other otherDesc="SEDOL" value="B3F2DZ7"/>
        </identifiers>
        <balance>41170</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2273407.40</valUSD>
        <pctVal>3.72</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>Petroleo Brasileiro SA - Petrobras</name>
        <lei>N/A</lei>
        <title>Petroleo Brasileiro SA - Petrobras</title>
        <cusip>71654V408</cusip>
        <identifiers>
          <ticker value="PBR"/>
          <other otherDesc="SEDOL" value="2616580"/>
        </identifiers>
        <balance>44850</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>724776.00</valUSD>
        <pctVal>1.19</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>Itau Unibanco Holding SA</name>
        <lei>5493002W2IVG62O3ZJ94</lei>
        <title>Itau Unibanco Holding SA</title>
        <cusip>465562106</cusip>
        <identifiers>
          <ticker value="ITUB"/>
          <other otherDesc="SEDOL" value="2849739"/>
        </identifiers>
        <balance>106030</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>866265.10</valUSD>
        <pctVal>1.42</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>Embraer SA</name>
        <lei>N/A</lei>
        <title>Embraer SA</title>
        <cusip>29082A107</cusip>
        <identifiers>
          <ticker value="EMBJ"/>
          <other otherDesc="SEDOL" value="2611916"/>
        </identifiers>
        <balance>8970</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>572286.00</valUSD>
        <pctVal>0.94</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <dateSigned xmlns="http://www.sec.gov/edgar/nportcommon">2026-06-30</dateSigned>
      <nameOfApplicant xmlns="http://www.sec.gov/edgar/nportcommon">EA Series Trust</nameOfApplicant>
      <signature xmlns="http://www.sec.gov/edgar/nportcommon">/s/ Sean Hegarty</signature>
      <signerName xmlns="http://www.sec.gov/edgar/nportcommon">Sean Hegarty</signerName>
      <title xmlns="http://www.sec.gov/edgar/nportcommon">Treasurer</title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
