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        <classId>C000272264</classId>
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      <regFileNumber>811-22961</regFileNumber>
      <regCik>0001592900</regCik>
      <regLei>5493004OW9VWINAYRX18</regLei>
      <regStreet1>3803 West Chester Pike</regStreet1>
      <regStreet2>Suite 150</regStreet2>
      <regCity>Newtown Square</regCity>
      <regStateConditional regCountry="US" regState="US-PA"/>
      <regZipOrPostalCode>19073</regZipOrPostalCode>
      <regPhone>2158829983</regPhone>
      <seriesName>Sophus Capital Emerging Market Small Cap ETF</seriesName>
      <seriesId>S000101900</seriesId>
      <seriesLei>529900Y1F9KR3EHQCK20</seriesLei>
      <repPdEnd>2027-03-31</repPdEnd>
      <repPdDate>2026-06-30</repPdDate>
      <isFinalFiling>N</isFinalFiling>
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      <totLiabs>3198928.23</totLiabs>
      <netAssets>44534621.42</netAssets>
      <assetsAttrMiscSec>0.00</assetsAttrMiscSec>
      <assetsInvested>0.00</assetsInvested>
      <amtPayOneYrBanksBorr>0.00</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00</amtPayOneYrCtrldComp>
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      <liquidPref>0.00</liquidPref>
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      <isNonCashCollateral>N</isNonCashCollateral>
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        <name>Chenbro Micom Co Ltd</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Gentera SAB de CV</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Benefit Systems SA</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>T&amp;L Co Ltd</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="340570 KS"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Synektik SA</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SNT PW"/>
          <other otherDesc="SEDOL" value="B6WC704"/>
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        <assetCat>EC</assetCat>
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        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Medplus Health Services Ltd</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="MEDPLUS IN"/>
          <other otherDesc="SEDOL" value="BMG4XB1"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SJS Enterprises Ltd</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <ticker value="SJS IN"/>
          <other otherDesc="SEDOL" value="BMHJ8X2"/>
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        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Myoung Shin Industrial Co Ltd</name>
        <lei>N/A</lei>
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        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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        <name>India Shelter Finance Corp Ltd</name>
        <lei>N/A</lei>
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          <other otherDesc="SEDOL" value="BS39TT1"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>JB Financial Group Co Ltd</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Consun Pharmaceutical Group Ltd</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sharda Cropchem Ltd</name>
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          <other otherDesc="SEDOL" value="BQY2KJ2"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Aptus Value Housing Finance India Ltd</name>
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        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
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        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Mitra Adiperkasa Tbk PT</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sunway Construction Group Bhd</name>
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          <other otherDesc="SEDOL" value="BX909K4"/>
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        <fairValLevel>1</fairValLevel>
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        <name>LG CNS Co Ltd</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>RR Kabel Ltd</name>
        <lei>N/A</lei>
        <title>RR Kabel Ltd</title>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hanmi Pharm Co Ltd</name>
        <lei>N/A</lei>
        <title>Hanmi Pharm Co Ltd</title>
        <cusip>N/A</cusip>
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          <other otherDesc="SEDOL" value="B613DJ9"/>
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        <invCountry>KR</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Bajaj Consumer Care Ltd</name>
        <lei>N/A</lei>
        <title>Bajaj Consumer Care Ltd</title>
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          <other otherDesc="SEDOL" value="B4TL1F3"/>
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        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
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        <fairValLevel>1</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Bradsaude S A</name>
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        <title>Bradsaude S A</title>
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          <ticker value="SAUD3 BZ"/>
          <other otherDesc="SEDOL" value="BX686Y4"/>
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        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
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        <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>Multiplan Empreendimentos Imobiliarios SA</name>
        <lei>N/A</lei>
        <title>Multiplan Empreendimentos Imobiliarios SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="MULT3 BZ"/>
          <other otherDesc="SEDOL" value="B23DZG0"/>
        </identifiers>
        <balance>45752</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>258791.31</valUSD>
        <pctVal>0.58</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>Tokai Carbon Korea Co Ltd</name>
        <lei>N/A</lei>
        <title>Tokai Carbon Korea Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="064760 KS"/>
          <other otherDesc="SEDOL" value="6672384"/>
        </identifiers>
        <balance>1376</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>242018.98</valUSD>
        <pctVal>0.54</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>Emcure Pharmaceuticals Ltd</name>
        <lei>N/A</lei>
        <title>Emcure Pharmaceuticals Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="EMCURE IN"/>
          <other otherDesc="SEDOL" value="BRSCRT4"/>
        </identifiers>
        <balance>37629</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>729851.64</valUSD>
        <pctVal>1.64</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>Fortress Real Estate Investments Ltd</name>
        <lei>N/A</lei>
        <title>Fortress Real Estate Investments Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="FFB SJ"/>
          <other otherDesc="SEDOL" value="BD9FS68"/>
        </identifiers>
        <balance>428624</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.38"/>
        <valUSD>637179.15</valUSD>
        <pctVal>1.43</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>Powertech Technology Inc</name>
        <lei>N/A</lei>
        <title>Powertech Technology Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="6239 TT"/>
          <other otherDesc="SEDOL" value="6599676"/>
        </identifiers>
        <balance>90128</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>954850.66</valUSD>
        <pctVal>2.14</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>Voltamp Transformers Ltd</name>
        <lei>N/A</lei>
        <title>Voltamp Transformers Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="VAMP IN"/>
          <other otherDesc="SEDOL" value="B13D251"/>
        </identifiers>
        <balance>3651</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>400338.63</valUSD>
        <pctVal>0.90</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>Sany Heavy Equipment International Holdings Co Ltd</name>
        <lei>N/A</lei>
        <title>Sany Heavy Equipment International Holdings Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="631 HK"/>
          <other otherDesc="SEDOL" value="B56HH42"/>
        </identifiers>
        <balance>196080</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>166007.41</valUSD>
        <pctVal>0.37</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>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>9804</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>397004.07</valUSD>
        <pctVal>0.89</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>Poya International Co Ltd</name>
        <lei>N/A</lei>
        <title>Poya International Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="5904 TT"/>
          <other otherDesc="SEDOL" value="6541826"/>
        </identifiers>
        <balance>15308</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>320513.43</valUSD>
        <pctVal>0.72</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>TAB Gida Sanayi Ve Ticaret AS</name>
        <lei>N/A</lei>
        <title>TAB Gida Sanayi Ve Ticaret AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TABGD TI"/>
          <other otherDesc="SEDOL" value="BLC8HQ3"/>
        </identifiers>
        <balance>38397</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="46.64625"/>
        <valUSD>185867.94</valUSD>
        <pctVal>0.42</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>Kalekim Kimyevi Maddeler Sanayi ve Ticaret AS</name>
        <lei>N/A</lei>
        <title>Kalekim Kimyevi Maddeler Sanayi ve Ticaret AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="KLKIM TI"/>
          <other otherDesc="SEDOL" value="BMD55N3"/>
        </identifiers>
        <balance>348092</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="46.64625"/>
        <valUSD>223871.37</valUSD>
        <pctVal>0.50</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>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>2167956.3</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2167956.30</valUSD>
        <pctVal>4.87</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>Compeq Manufacturing Co Ltd</name>
        <lei>N/A</lei>
        <title>Compeq Manufacturing Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="2661110D TT"/>
        </identifiers>
        <balance>2187.655444</balance>
        <units>NC</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>1888.49</valUSD>
        <pctVal>0.00</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <derivativeInfo>
          <othDeriv derivCat="OTH" othDesc="Right">
            <counterparties>
              <counterpartyName>Compeq Manufacturing Co Ltd</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Compeq Manufacturing Co Ltd</issuerName>
                <issueTitle>Compeq Manufacturing Co Ltd</issueTitle>
                <identifiers>
                  <other otherDesc="CUSIP" value="6215273"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <terminationDt>2026-07-15</terminationDt>
            <notionalAmts>
              <notionalAmt amt="1888.49" curCd="TWD"/>
            </notionalAmts>
            <delta>XXXX</delta>
            <unrealizedAppr>-2050.64</unrealizedAppr>
          </othDeriv>
        </derivativeInfo>
        <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>79808</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>186135.70</valUSD>
        <pctVal>0.42</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>Betterware de Mexico SAPI de CV</name>
        <lei>N/A</lei>
        <title>Betterware de Mexico SAPI de CV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BWMX"/>
          <other otherDesc="SEDOL" value="BJP55X0"/>
        </identifiers>
        <balance>13416</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>241353.84</valUSD>
        <pctVal>0.54</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Yuchai International Ltd</name>
        <lei>N/A</lei>
        <title>China Yuchai International Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CYD"/>
          <other otherDesc="SEDOL" value="2186191"/>
        </identifiers>
        <balance>4644</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>220172.04</valUSD>
        <pctVal>0.49</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Anjoy Foods Group Co Ltd</name>
        <lei>N/A</lei>
        <title>Anjoy Foods Group Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="2648 HK"/>
          <other otherDesc="SEDOL" value="BVLJYN3"/>
        </identifiers>
        <balance>20984</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>174312.60</valUSD>
        <pctVal>0.39</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>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>31789</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8752"/>
        <valUSD>363219.84</valUSD>
        <pctVal>0.82</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>Mega Union Technology Inc</name>
        <lei>N/A</lei>
        <title>Mega Union Technology Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="6944 TT"/>
          <other otherDesc="SEDOL" value="BQXNNT7"/>
        </identifiers>
        <balance>8944</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>274301.57</valUSD>
        <pctVal>0.62</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 Catalyst Holding Co Ltd</name>
        <lei>N/A</lei>
        <title>China Catalyst Holding Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="688267 C1"/>
          <other otherDesc="SEDOL" value="BNHPMK2"/>
        </identifiers>
        <balance>60180</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>174720.13</valUSD>
        <pctVal>0.39</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>MN Holdings Bhd</name>
        <lei>N/A</lei>
        <title>MN Holdings Bhd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="MNHLDG MK"/>
          <other otherDesc="SEDOL" value="BP2SS46"/>
        </identifiers>
        <balance>349600</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.0775"/>
        <valUSD>247785.16</valUSD>
        <pctVal>0.56</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>Evergreen Aviation Technologies Corp</name>
        <lei>N/A</lei>
        <title>Evergreen Aviation Technologies Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="2645 TT"/>
          <other otherDesc="SEDOL" value="BLNKZ31"/>
        </identifiers>
        <balance>134676</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>784216.66</valUSD>
        <pctVal>1.76</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>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>667017</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.6728"/>
        <valUSD>501243.44</valUSD>
        <pctVal>1.13</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>HPSP Co Ltd</name>
        <lei>N/A</lei>
        <title>HPSP Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="403870 KS"/>
          <other otherDesc="SEDOL" value="BPDWY61"/>
        </identifiers>
        <balance>17372</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>605491.51</valUSD>
        <pctVal>1.36</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>Autel Intelligent Technology Corp Ltd</name>
        <lei>N/A</lei>
        <title>Autel Intelligent Technology Corp Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="688208 C1"/>
          <other otherDesc="SEDOL" value="BNR4NW8"/>
        </identifiers>
        <balance>51800</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>192301.41</valUSD>
        <pctVal>0.43</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>HK inno N Corp</name>
        <lei>N/A</lei>
        <title>HK inno N Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="195940 KS"/>
          <other otherDesc="SEDOL" value="BNNNGT7"/>
        </identifiers>
        <balance>21500</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>562028.01</valUSD>
        <pctVal>1.26</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>Fositek Corp</name>
        <lei>N/A</lei>
        <title>Fositek Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="6805 TT"/>
          <other otherDesc="SEDOL" value="BLF7DG9"/>
        </identifiers>
        <balance>11524</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>607735.31</valUSD>
        <pctVal>1.36</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>XD Inc</name>
        <lei>N/A</lei>
        <title>XD Inc</title>
        <cusip>G9830N109</cusip>
        <identifiers>
          <ticker value="2400 HK"/>
          <other otherDesc="SEDOL" value="BKF2W48"/>
        </identifiers>
        <balance>83592</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>474297.48</valUSD>
        <pctVal>1.07</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>Titan SA</name>
        <lei>N/A</lei>
        <title>Titan SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TITC GA"/>
          <other otherDesc="SEDOL" value="BJ8PD99"/>
        </identifiers>
        <balance>4988</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8752"/>
        <valUSD>296077.01</valUSD>
        <pctVal>0.66</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yankey Engineering Co Ltd</name>
        <lei>N/A</lei>
        <title>Yankey Engineering Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="6691 TT"/>
          <other otherDesc="SEDOL" value="BD3W0Y7"/>
        </identifiers>
        <balance>12728</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>304051.23</valUSD>
        <pctVal>0.68</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>AK Medical Holdings Ltd</name>
        <lei>N/A</lei>
        <title>AK Medical Holdings Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="1789 HK"/>
          <other otherDesc="SEDOL" value="BFD6SZ0"/>
        </identifiers>
        <balance>709844</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>464308.22</valUSD>
        <pctVal>1.04</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>Cia De Saneamento do Parana Sanepar</name>
        <lei>N/A</lei>
        <title>Cia De Saneamento do Parana Sanepar</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SAPR11 BZ"/>
          <other otherDesc="SEDOL" value="BF0WB74"/>
        </identifiers>
        <balance>33540</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>241432.38</valUSD>
        <pctVal>0.54</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>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>1749201</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="17880"/>
        <valUSD>164843.61</valUSD>
        <pctVal>0.37</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>Oceanpact Servicos Maritimos SA</name>
        <lei>N/A</lei>
        <title>Oceanpact Servicos Maritimos SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="OPCT3 BZ"/>
          <other otherDesc="SEDOL" value="BKZ72H6"/>
        </identifiers>
        <balance>110424</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>218182.75</valUSD>
        <pctVal>0.49</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shenzhen Click Technology Co Ltd</name>
        <lei>N/A</lei>
        <title>Shenzhen Click Technology Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="002782 C2"/>
          <other otherDesc="SEDOL" value="BD73MQ2"/>
        </identifiers>
        <balance>51600</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>160076.05</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>Orion Corp/Republic of Korea</name>
        <lei>N/A</lei>
        <title>Orion Corp/Republic of Korea</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="271560 KS"/>
          <other otherDesc="SEDOL" value="BDVLJ72"/>
        </identifiers>
        <balance>5504</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>468584.26</valUSD>
        <pctVal>1.05</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>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>120400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>192699.62</valUSD>
        <pctVal>0.43</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>Cury Construtora e Incorporadora SA</name>
        <lei>N/A</lei>
        <title>Cury Construtora e Incorporadora SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CURY3 BZ"/>
          <other otherDesc="SEDOL" value="BK93J35"/>
        </identifiers>
        <balance>41280</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>280994.75</valUSD>
        <pctVal>0.63</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>WONIK IPS Co Ltd</name>
        <lei>N/A</lei>
        <title>WONIK IPS Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="240810 KS"/>
          <other otherDesc="SEDOL" value="BZ8TP86"/>
        </identifiers>
        <balance>3784</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>410566.32</valUSD>
        <pctVal>0.92</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>AP Memory Technology Corp</name>
        <lei>N/A</lei>
        <title>AP Memory Technology Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="6531 TT"/>
          <other otherDesc="SEDOL" value="BWY5316"/>
        </identifiers>
        <balance>20124</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>630444.40</valUSD>
        <pctVal>1.42</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>Chung-Hsin Electric &amp; Machinery Manufacturing Corp</name>
        <lei>N/A</lei>
        <title>Chung-Hsin Electric &amp; Machinery Manufacturing Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="1513 TT"/>
          <other otherDesc="SEDOL" value="6194811"/>
        </identifiers>
        <balance>136224</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>756883.15</valUSD>
        <pctVal>1.70</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>Manila Water Co Inc</name>
        <lei>N/A</lei>
        <title>Manila Water Co Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="MWC PM"/>
          <other otherDesc="SEDOL" value="B0684C7"/>
        </identifiers>
        <balance>372326</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="61.37"/>
        <valUSD>212341.70</valUSD>
        <pctVal>0.48</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GUARARAPES CONFECCOES SA</name>
        <lei>N/A</lei>
        <title>GUARARAPES CONFECCOES SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="RIAA3 BZ"/>
          <other otherDesc="SEDOL" value="BNG8ZZ8"/>
        </identifiers>
        <balance>128828</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>228343.22</valUSD>
        <pctVal>0.51</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>Topco Scientific Co Ltd</name>
        <lei>N/A</lei>
        <title>Topco Scientific Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="5434 TT"/>
          <other otherDesc="SEDOL" value="6254083"/>
        </identifiers>
        <balance>21412</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>369004.38</valUSD>
        <pctVal>0.83</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>Engineers India Ltd</name>
        <lei>N/A</lei>
        <title>Engineers India Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ENGR IN"/>
          <other otherDesc="SEDOL" value="6374798"/>
        </identifiers>
        <balance>101168</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>257155.65</valUSD>
        <pctVal>0.58</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>Migros Ticaret AS</name>
        <lei>N/A</lei>
        <title>Migros Ticaret AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="MGROS TI"/>
          <other otherDesc="SEDOL" value="B50PPK4"/>
        </identifiers>
        <balance>17769</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="46.64625"/>
        <valUSD>255033.27</valUSD>
        <pctVal>0.57</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>FIEM Industries Ltd</name>
        <lei>N/A</lei>
        <title>FIEM Industries Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="FIEM IN"/>
          <other otherDesc="SEDOL" value="B18YT14"/>
        </identifiers>
        <balance>9334</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>222979.64</valUSD>
        <pctVal>0.50</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>Kerjaya Prospek Group Bhd</name>
        <lei>N/A</lei>
        <title>Kerjaya Prospek Group Bhd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="KPG MK"/>
          <other otherDesc="SEDOL" value="6912961"/>
        </identifiers>
        <balance>414394</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.0775"/>
        <valUSD>246959.51</valUSD>
        <pctVal>0.55</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>Malaysia Smelting Corp Bhd</name>
        <lei>N/A</lei>
        <title>Malaysia Smelting Corp Bhd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SMELT MK"/>
          <other otherDesc="SEDOL" value="6552282"/>
        </identifiers>
        <balance>588800</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.0775"/>
        <valUSD>272920.17</valUSD>
        <pctVal>0.61</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>Navin Fluorine International Ltd</name>
        <lei>N/A</lei>
        <title>Navin Fluorine International Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="NFIL IN"/>
          <other otherDesc="SEDOL" value="BF1BKG2"/>
        </identifiers>
        <balance>8847</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>718442.71</valUSD>
        <pctVal>1.61</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>Anadolu Hayat Emeklilik AS</name>
        <lei>N/A</lei>
        <title>Anadolu Hayat Emeklilik AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ANHYT TI"/>
          <other otherDesc="SEDOL" value="B03MNY7"/>
        </identifiers>
        <balance>162569</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="46.64625"/>
        <valUSD>358621.54</valUSD>
        <pctVal>0.81</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>LG Innotek Co Ltd</name>
        <lei>988400KTHH2LMUX7EB48</lei>
        <title>LG Innotek Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="011070 KS"/>
          <other otherDesc="SEDOL" value="B39Z8G8"/>
        </identifiers>
        <balance>688</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>435634.16</valUSD>
        <pctVal>0.98</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>Allianz Malaysia Bhd</name>
        <lei>N/A</lei>
        <title>Allianz Malaysia Bhd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ALLZ MK"/>
          <other otherDesc="SEDOL" value="6552464"/>
        </identifiers>
        <balance>42482</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.0775"/>
        <valUSD>219624.91</valUSD>
        <pctVal>0.49</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>Welspun Corp Ltd</name>
        <lei>N/A</lei>
        <title>Welspun Corp Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="WLCO IN"/>
          <other otherDesc="SEDOL" value="B07PYG1"/>
        </identifiers>
        <balance>21738</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>349498.19</valUSD>
        <pctVal>0.78</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>Netcare Ltd</name>
        <lei>N/A</lei>
        <title>Netcare Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="NTC SJ"/>
          <other otherDesc="SEDOL" value="6636421"/>
        </identifiers>
        <balance>254216</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.38"/>
        <valUSD>279979.04</valUSD>
        <pctVal>0.63</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>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>66024</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>409499.28</valUSD>
        <pctVal>0.92</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>National Aluminium Co Ltd</name>
        <lei>N/A</lei>
        <title>National Aluminium Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="NACL IN"/>
          <other otherDesc="SEDOL" value="6139447"/>
        </identifiers>
        <balance>56606</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>203081.04</valUSD>
        <pctVal>0.46</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>Medco Energi Internasional Tbk PT</name>
        <lei>N/A</lei>
        <title>Medco Energi Internasional Tbk PT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="MEDC IJ"/>
          <other otherDesc="SEDOL" value="6254511"/>
        </identifiers>
        <balance>3361399</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="17880"/>
        <valUSD>192697.65</valUSD>
        <pctVal>0.43</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>SL Corp</name>
        <lei>N/A</lei>
        <title>SL Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="005850 KS"/>
          <other otherDesc="SEDOL" value="6529792"/>
        </identifiers>
        <balance>5848</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>214020.27</valUSD>
        <pctVal>0.48</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>Omnia Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Omnia Holdings Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="OMN SJ"/>
          <other otherDesc="SEDOL" value="6211301"/>
        </identifiers>
        <balance>40764</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.38"/>
        <valUSD>278504.23</valUSD>
        <pctVal>0.63</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>AVI Ltd</name>
        <lei>N/A</lei>
        <title>AVI Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="AVI SJ"/>
          <other otherDesc="SEDOL" value="6040958"/>
        </identifiers>
        <balance>46440</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.38"/>
        <valUSD>285019.12</valUSD>
        <pctVal>0.64</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>Yuexiu Property Co Ltd</name>
        <lei>N/A</lei>
        <title>Yuexiu Property Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="123 HK"/>
          <other otherDesc="SEDOL" value="BNR5PB4"/>
        </identifiers>
        <balance>1146552</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>488277.05</valUSD>
        <pctVal>1.10</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>United Tractors Tbk PT</name>
        <lei>529900N9ELYOWQV4FW14</lei>
        <title>United Tractors Tbk PT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="UNTR IJ"/>
          <other otherDesc="SEDOL" value="6230845"/>
        </identifiers>
        <balance>182848</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="17880"/>
        <valUSD>235207.16</valUSD>
        <pctVal>0.53</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>Compeq Manufacturing Co Ltd</name>
        <lei>N/A</lei>
        <title>Compeq Manufacturing Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="2313 TT"/>
          <other otherDesc="SEDOL" value="6215273"/>
        </identifiers>
        <balance>82388</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>601296.75</valUSD>
        <pctVal>1.35</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>Banco del Bajio SA</name>
        <lei>N/A</lei>
        <title>Banco del Bajio SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BBAJIOO MM"/>
          <other otherDesc="SEDOL" value="BYSX0F3"/>
        </identifiers>
        <balance>87548</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.4875"/>
        <valUSD>283607.96</valUSD>
        <pctVal>0.64</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>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>3096</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>199232.69</valUSD>
        <pctVal>0.45</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 HiTek Co Ltd</name>
        <lei>N/A</lei>
        <title>DB HiTek Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="000990 KS"/>
          <other otherDesc="SEDOL" value="6407757"/>
        </identifiers>
        <balance>2924</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>272149.23</valUSD>
        <pctVal>0.61</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>Tung Ho Steel Enterprise Corp</name>
        <lei>N/A</lei>
        <title>Tung Ho Steel Enterprise Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="2006 TT"/>
          <other otherDesc="SEDOL" value="6907310"/>
        </identifiers>
        <balance>157208</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>332610.90</valUSD>
        <pctVal>0.75</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>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>1204</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>266553.93</valUSD>
        <pctVal>0.60</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>Cathay Real Estate Development Co Ltd</name>
        <lei>N/A</lei>
        <title>Cathay Real Estate Development Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="2501 TT"/>
          <other otherDesc="SEDOL" value="6179733"/>
        </identifiers>
        <balance>921920</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>714812.49</valUSD>
        <pctVal>1.61</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>Sitronix Technology Corp</name>
        <lei>N/A</lei>
        <title>Sitronix Technology Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="8016 TT"/>
          <other otherDesc="SEDOL" value="6718772"/>
        </identifiers>
        <balance>27004</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>281428.53</valUSD>
        <pctVal>0.63</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>Richter Gedeon Nyrt</name>
        <lei>549300J6ZJW5IH4WEE46</lei>
        <title>Richter Gedeon Nyrt</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="RICHT HB"/>
          <other otherDesc="SEDOL" value="BC9ZH86"/>
        </identifiers>
        <balance>5504</balance>
        <units>NS</units>
        <currencyConditional curCd="HUF" exchangeRt="311.3513"/>
        <valUSD>213017.26</valUSD>
        <pctVal>0.48</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Engie Energia Chile SA</name>
        <lei>N/A</lei>
        <title>Engie Energia Chile SA</title>
        <cusip>P36020116</cusip>
        <identifiers>
          <ticker value="ECL CI"/>
          <other otherDesc="SEDOL" value="BWXTK30"/>
        </identifiers>
        <balance>111780</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="921.965"/>
        <valUSD>218233.88</valUSD>
        <pctVal>0.49</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kingboard Laminates Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Kingboard Laminates Holdings Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="1888 HK"/>
          <other otherDesc="SEDOL" value="B1HHFV6"/>
        </identifiers>
        <balance>44533</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>562990.11</valUSD>
        <pctVal>1.26</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>Mineros SA</name>
        <lei>N/A</lei>
        <title>Mineros SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="MINEROS CB"/>
          <other otherDesc="SEDOL" value="2593490"/>
        </identifiers>
        <balance>57186</balance>
        <units>NS</units>
        <currencyConditional curCd="COP" exchangeRt="3418.22"/>
        <valUSD>264664.80</valUSD>
        <pctVal>0.59</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sinbon Electronics Co Ltd</name>
        <lei>N/A</lei>
        <title>Sinbon Electronics Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="3023 TT"/>
          <other otherDesc="SEDOL" value="6349354"/>
        </identifiers>
        <balance>51944</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>535639.63</valUSD>
        <pctVal>1.20</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>Handsome Co Ltd</name>
        <lei>N/A</lei>
        <title>Handsome Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="020000 KS"/>
          <other otherDesc="SEDOL" value="6155227"/>
        </identifiers>
        <balance>15907</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>215098.21</valUSD>
        <pctVal>0.48</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>Phison Electronics Corp</name>
        <lei>N/A</lei>
        <title>Phison Electronics Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="8299 TT"/>
          <other otherDesc="SEDOL" value="6728469"/>
        </identifiers>
        <balance>8432</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>631278.39</valUSD>
        <pctVal>1.42</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>Winbond Electronics Corp</name>
        <lei>254900STBMBTLA91J410</lei>
        <title>Winbond Electronics Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="2344 TT"/>
          <other otherDesc="SEDOL" value="6966515"/>
        </identifiers>
        <balance>144824</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>943323.34</valUSD>
        <pctVal>2.12</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>CyberPower Systems Inc</name>
        <lei>N/A</lei>
        <title>CyberPower Systems Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="3617 TT"/>
          <other otherDesc="SEDOL" value="B2QZ4K0"/>
        </identifiers>
        <balance>108704</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>726820.33</valUSD>
        <pctVal>1.63</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>Sunonwealth Electric Machine Industry Co Ltd</name>
        <lei>N/A</lei>
        <title>Sunonwealth Electric Machine Industry Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="2421 TT"/>
          <other otherDesc="SEDOL" value="6129039"/>
        </identifiers>
        <balance>52460</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>233839.88</valUSD>
        <pctVal>0.53</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>Harbin Electric Co Ltd</name>
        <lei>N/A</lei>
        <title>Harbin Electric Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="1133 HK"/>
          <other otherDesc="SEDOL" value="6422761"/>
        </identifiers>
        <balance>92192</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>180085.23</valUSD>
        <pctVal>0.40</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>252522</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>243935.31</valUSD>
        <pctVal>0.55</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>LIC Housing Finance Ltd</name>
        <lei>N/A</lei>
        <title>LIC Housing Finance Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LICHF IN"/>
          <other otherDesc="SEDOL" value="6101026"/>
        </identifiers>
        <balance>117431</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>699682.64</valUSD>
        <pctVal>1.57</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>Tripod Technology Corp</name>
        <lei>N/A</lei>
        <title>Tripod Technology Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="3044 TT"/>
          <other otherDesc="SEDOL" value="6305721"/>
        </identifiers>
        <balance>25972</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>422315.57</valUSD>
        <pctVal>0.95</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>United Integrated Services Co Ltd</name>
        <lei>N/A</lei>
        <title>United Integrated Services Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="2404 TT"/>
          <other otherDesc="SEDOL" value="6105136"/>
        </identifiers>
        <balance>10836</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>448998.48</valUSD>
        <pctVal>1.01</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>Motor Oil Hellas Corinth Refineries SA</name>
        <lei>N/A</lei>
        <title>Motor Oil Hellas Corinth Refineries SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="MOH GA"/>
          <other otherDesc="SEDOL" value="5996234"/>
        </identifiers>
        <balance>7052</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.8752"/>
        <valUSD>309250.18</valUSD>
        <pctVal>0.69</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>Jamna Auto Industries Ltd</name>
        <lei>N/A</lei>
        <title>Jamna Auto Industries Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="JMNA IN"/>
          <other otherDesc="SEDOL" value="BD72JF7"/>
        </identifiers>
        <balance>197635</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>274283.25</valUSD>
        <pctVal>0.62</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>Parque Arauco SA</name>
        <lei>N/A</lei>
        <title>Parque Arauco SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="PARAUCO CI"/>
          <other otherDesc="SEDOL" value="2684349"/>
        </identifiers>
        <balance>68688</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="921.965"/>
        <valUSD>287941.79</valUSD>
        <pctVal>0.65</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grand Process Technology Corp</name>
        <lei>N/A</lei>
        <title>Grand Process Technology Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="3131 TT"/>
          <other otherDesc="SEDOL" value="B4KFHZ6"/>
        </identifiers>
        <balance>3989</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>454540.52</valUSD>
        <pctVal>1.02</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>Dimed S/A -Distribuidora De Medicamentos</name>
        <lei>N/A</lei>
        <title>Dimed S/A -Distribuidora De Medicamentos</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="PNVL3 BZ"/>
          <other otherDesc="SEDOL" value="2672322"/>
        </identifiers>
        <balance>92192</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>194659.90</valUSD>
        <pctVal>0.44</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>IsuPetasys Co Ltd</name>
        <lei>N/A</lei>
        <title>IsuPetasys Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="007660 KS"/>
          <other otherDesc="SEDOL" value="6284648"/>
        </identifiers>
        <balance>8256</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>614950.24</valUSD>
        <pctVal>1.38</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>WT Microelectronics Co Ltd</name>
        <lei>N/A</lei>
        <title>WT Microelectronics Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="3036 TT"/>
          <other otherDesc="SEDOL" value="6290991"/>
        </identifiers>
        <balance>77056</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>517633.26</valUSD>
        <pctVal>1.16</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>Texhong International Group Ltd</name>
        <lei>N/A</lei>
        <title>Texhong International Group Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="2678 HK"/>
          <other otherDesc="SEDOL" value="BFSQNZ0"/>
        </identifiers>
        <balance>253184</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>192724.39</valUSD>
        <pctVal>0.43</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>Vieworks Co Ltd</name>
        <lei>N/A</lei>
        <title>Vieworks Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="100120 KS"/>
          <other otherDesc="SEDOL" value="B3F2324"/>
        </identifiers>
        <balance>20858</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>315703.93</valUSD>
        <pctVal>0.71</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>Greatek Electronics Inc</name>
        <lei>N/A</lei>
        <title>Greatek Electronics Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="2441 TT"/>
          <other otherDesc="SEDOL" value="6293989"/>
        </identifiers>
        <balance>73960</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>316906.75</valUSD>
        <pctVal>0.71</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>Ardentec Corp</name>
        <lei>N/A</lei>
        <title>Ardentec Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="3264 TT"/>
          <other otherDesc="SEDOL" value="6743332"/>
        </identifiers>
        <balance>42828</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>298457.65</valUSD>
        <pctVal>0.67</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>Youngone Corp</name>
        <lei>N/A</lei>
        <title>Youngone Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="111770 KS"/>
          <other otherDesc="SEDOL" value="B622C10"/>
        </identifiers>
        <balance>4300</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>201497.45</valUSD>
        <pctVal>0.45</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>Ajanta Pharma Ltd</name>
        <lei>N/A</lei>
        <title>Ajanta Pharma Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="AJP IN"/>
          <other otherDesc="SEDOL" value="BWFGD74"/>
        </identifiers>
        <balance>8139</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>294292.45</valUSD>
        <pctVal>0.66</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>Elgi Equipments Ltd</name>
        <lei>N/A</lei>
        <title>Elgi Equipments Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ELEQ IN"/>
          <other otherDesc="SEDOL" value="6271189"/>
        </identifiers>
        <balance>106751</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>674504.71</valUSD>
        <pctVal>1.51</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>5429</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>240293.49</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>
    </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>
