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        <title>SHANGHAI PHARMACEUTICALS</title>
        <cusip>Y7685S116</cusip>
        <identifiers>
          <isin value="CNE000000C82"/>
          <ticker value="601607"/>
        </identifiers>
        <balance>37200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>84395.83</valUSD>
        <pctVal>0.0027417893</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BOC AVIATION LTD</name>
        <lei>254900H06V5RMEB3KE72</lei>
        <title>BOC AVIATION LTD</title>
        <cusip>Y09292106</cusip>
        <identifiers>
          <isin value="SG9999015267"/>
          <ticker value="BCVVF"/>
        </identifiers>
        <balance>45000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>468371.18</valUSD>
        <pctVal>0.0152160963</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GRASIM INDS. LTD</name>
        <lei>335800WLY7FOIT3ERV21</lei>
        <title>GRASIM INDS. LTD</title>
        <cusip>Y2851U102</cusip>
        <identifiers>
          <isin value="INE047A01021"/>
          <ticker value="GRASIM"/>
        </identifiers>
        <balance>69843</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>2293847.58</valUSD>
        <pctVal>0.0745208226</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAMSUNG BIOLOGICS CO LTD</name>
        <lei>N/A</lei>
        <title>SAMSUNG BIOLOGICS CO LTD</title>
        <cusip>Y7T7DY103</cusip>
        <identifiers>
          <isin value="KR7207940008"/>
          <ticker value="A207940"/>
        </identifiers>
        <balance>2802</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>2524578.05</valUSD>
        <pctVal>0.0820166233</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HYUNDAI ROTEM CO LTD</name>
        <lei>988400HB939UNHXTFY36</lei>
        <title>HYUNDAI ROTEM CO LTD</title>
        <cusip>Y3R36Z108</cusip>
        <identifiers>
          <isin value="KR7064350002"/>
          <ticker value="A064350"/>
        </identifiers>
        <balance>17185</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>1919435.2</valUSD>
        <pctVal>0.0623571903</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YUTONG BUS CO LTD</name>
        <lei>300300OMPRVW0Q75F037</lei>
        <title>YUTONG BUS CO LTD</title>
        <cusip>Y98913109</cusip>
        <identifiers>
          <isin value="CNE000000PY4"/>
          <ticker value="ZHYUF"/>
        </identifiers>
        <balance>28500</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>112603.39</valUSD>
        <pctVal>0.0036581756</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA MINSHENG BANKING CO</name>
        <lei>549300HBUGSQD1VCXG94</lei>
        <title>CHINA MINSHENG BANKING CO</title>
        <cusip>Y1495M104</cusip>
        <identifiers>
          <isin value="CNE0000015Y0"/>
          <ticker value="CMAKF"/>
        </identifiers>
        <balance>466840</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>221516.64</valUSD>
        <pctVal>0.0071964687</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PUNJAB NATL. BANK</name>
        <lei>335800LE3GBR6I412V82</lei>
        <title>PUNJAB NATL. BANK</title>
        <cusip>Y7162Z146</cusip>
        <identifiers>
          <isin value="INE160A01022"/>
          <ticker value="PNB"/>
        </identifiers>
        <balance>565874</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>640321.72</valUSD>
        <pctVal>0.0208022982</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASPEED TECH. INC</name>
        <lei>N/A</lei>
        <title>ASPEED TECH. INC</title>
        <cusip>Y04044106</cusip>
        <identifiers>
          <isin value="TW0005274005"/>
          <ticker value="5274"/>
        </identifiers>
        <balance>7300</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>3816949.01</valUSD>
        <pctVal>0.1240022146</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FEDERAL BANK LTD</name>
        <lei>335800J8VWGE2HGWF417</lei>
        <title>FEDERAL BANK LTD</title>
        <cusip>Y24781182</cusip>
        <identifiers>
          <isin value="INE171A01029"/>
          <ticker value="FEDERALBNK"/>
        </identifiers>
        <balance>454574</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1589618.42</valUSD>
        <pctVal>0.0516423468</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA PETROLEUM &amp; CHEMICA</name>
        <lei>529900A2OB24EZ5B3J19</lei>
        <title>CHINA PETROLEUM &amp; CHEMICA</title>
        <cusip>Y15010112</cusip>
        <identifiers>
          <isin value="CNE0000018G1"/>
          <ticker value="SNPAF"/>
        </identifiers>
        <balance>516100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>337382.46</valUSD>
        <pctVal>0.0109606317</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA PACIFIC INS. GRP. C</name>
        <lei>529900BA5ILEL308WX03</lei>
        <title>CHINA PACIFIC INS. GRP. C</title>
        <cusip>Y1505Z111</cusip>
        <identifiers>
          <isin value="CNE1000008M8"/>
          <ticker value="601601"/>
        </identifiers>
        <balance>101100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>424803.81</valUSD>
        <pctVal>0.0138007118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CGN POWER CO LTD</name>
        <lei>529900D2UINCGWQYBK45</lei>
        <title>CGN POWER CO LTD</title>
        <cusip>Y1300C101</cusip>
        <identifiers>
          <isin value="CNE100001T80"/>
          <ticker value="CGNWF"/>
        </identifiers>
        <balance>2623000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>897058.56</valUSD>
        <pctVal>0.0291429746</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YANGTZE OPTICAL FIBRE AND</name>
        <lei>836800VT7MZILX431W47</lei>
        <title>YANGTZE OPTICAL FIBRE AND</title>
        <cusip>Y9737F100</cusip>
        <identifiers>
          <isin value="CNE100001T72"/>
          <ticker value="YZOFF"/>
        </identifiers>
        <balance>96500</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>3196612.86</valUSD>
        <pctVal>0.1038491929</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>3SBIO INC</name>
        <lei>529900P0TQC1E9Y7FN31</lei>
        <title>3SBIO INC</title>
        <cusip>G8875G102</cusip>
        <identifiers>
          <isin value="KYG8875G1029"/>
          <ticker value="TRSBF"/>
        </identifiers>
        <balance>453000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>980919.63</valUSD>
        <pctVal>0.0318673910</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZYDUS LIFESCIENCES LTD</name>
        <lei>335800R9O14ORBXLPN13</lei>
        <title>ZYDUS LIFESCIENCES LTD</title>
        <cusip>Y1R73U123</cusip>
        <identifiers>
          <isin value="INE010B01027"/>
          <ticker value="ZYDUSLIFE"/>
        </identifiers>
        <balance>44482</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>525901.55</valUSD>
        <pctVal>0.0170851004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ENGIE BRASIL ENERGIA SA</name>
        <lei>52990057Q0EK2Q9YBC07</lei>
        <title>ENGIE BRASIL ENERGIA SA</title>
        <cusip>P37625103</cusip>
        <identifiers>
          <isin value="BREGIEACNOR9"/>
          <ticker value="EGIE3"/>
        </identifiers>
        <balance>68945</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>462500.31</valUSD>
        <pctVal>0.0150253678</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>ENERGISA SA</name>
        <lei>N/A</lei>
        <title>ENERGISA SA</title>
        <cusip>P3769S114</cusip>
        <identifiers>
          <isin value="BRENGICDAM16"/>
          <ticker value="ENGI11"/>
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        <balance>69630</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>647836.99</valUSD>
        <pctVal>0.0210464487</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INDUSTRIAL &amp; COMMER. BANK</name>
        <lei>5493002ERZU2K9PZDL40</lei>
        <title>INDUSTRIAL &amp; COMMER. BANK</title>
        <cusip>Y3990B104</cusip>
        <identifiers>
          <isin value="CNE000001P37"/>
          <ticker value="601398"/>
        </identifiers>
        <balance>890400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>927113.32</valUSD>
        <pctVal>0.0301193714</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA CONSTRUCTION BANK C</name>
        <lei>5493001KQW6DM7KEDR62</lei>
        <title>CHINA CONSTRUCTION BANK C</title>
        <cusip>Y1397N119</cusip>
        <identifiers>
          <isin value="CNE100000742"/>
          <ticker value="601939"/>
        </identifiers>
        <balance>276600</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>392170.98</valUSD>
        <pctVal>0.0127405606</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW CHINA LIFE INS. CO LT</name>
        <lei>300300F2001111000095</lei>
        <title>NEW CHINA LIFE INS. CO LT</title>
        <cusip>Y625A4123</cusip>
        <identifiers>
          <isin value="CNE1000019Y0"/>
          <ticker value="601336"/>
        </identifiers>
        <balance>34700</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>305013.55</valUSD>
        <pctVal>0.0099090545</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WAL-MART DE MEXICO SAB DE</name>
        <lei>N/A</lei>
        <title>WAL-MART DE MEXICO SAB DE</title>
        <cusip>P98180188</cusip>
        <identifiers>
          <isin value="MX01WA000038"/>
          <ticker value="WMMVF"/>
        </identifiers>
        <balance>1246721</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.4875"/>
        <valUSD>3654434.22</valUSD>
        <pctVal>0.1187225544</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>GF SECS. CO LTD</name>
        <lei>3003007E0Y3ZJ5HNA936</lei>
        <title>GF SECS. CO LTD</title>
        <cusip>Y270AF115</cusip>
        <identifiers>
          <isin value="CNE100001TQ9"/>
          <ticker value="GFSEF"/>
        </identifiers>
        <balance>259000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>563658.25</valUSD>
        <pctVal>0.0183117121</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IDFC FIRST BANK LTD</name>
        <lei>335800SBNAPYVT1D2K13</lei>
        <title>IDFC FIRST BANK LTD</title>
        <cusip>Y3R5A4107</cusip>
        <identifiers>
          <isin value="INE092T01019"/>
          <ticker value="IDFCFIRSTB"/>
        </identifiers>
        <balance>962873</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>814493.77</valUSD>
        <pctVal>0.0264606708</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BOSCH LTD</name>
        <lei>3358008TVK7S8BSVVW82</lei>
        <title>BOSCH LTD</title>
        <cusip>Y6139L131</cusip>
        <identifiers>
          <isin value="INE323A01026"/>
          <ticker value="BOSCHLTD"/>
        </identifiers>
        <balance>1685</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>714788.38</valUSD>
        <pctVal>0.0232215159</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CG POWER &amp; INDL. SOLS. LT</name>
        <lei>335800KN5UTZKUZN2703</lei>
        <title>CG POWER &amp; INDL. SOLS. LT</title>
        <cusip>Y1788L128</cusip>
        <identifiers>
          <isin value="INE067A01029"/>
          <ticker value="CPGVF"/>
        </identifiers>
        <balance>153481</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1557207.94</valUSD>
        <pctVal>0.0505894191</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ICICI BANK LTD</name>
        <lei>R7RX8ER1V4666J8D1I38</lei>
        <title>ICICI BANK LTD</title>
        <cusip>Y3860Z132</cusip>
        <identifiers>
          <isin value="INE090A01021"/>
          <ticker value="ICICIBANK"/>
        </identifiers>
        <balance>1276493</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>18590664.82</valUSD>
        <pctVal>0.6039597603</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LIG DEFENSE AND AEROSPACE</name>
        <lei>988400VTP0QVY3OIY652</lei>
        <title>LIG DEFENSE AND AEROSPACE</title>
        <cusip>Y5277W107</cusip>
        <identifiers>
          <isin value="KR7079550000"/>
          <ticker value="A079550"/>
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        <balance>3097</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>1429231.83</valUSD>
        <pctVal>0.0464318260</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA INTL CAPITAL CORPOR</name>
        <lei>529900OS3SVVTT56QN67</lei>
        <title>CHINA INTL CAPITAL CORPOR</title>
        <cusip>Y1R99Y109</cusip>
        <identifiers>
          <isin value="CNE100002359"/>
          <ticker value="CNICF"/>
        </identifiers>
        <balance>435200</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>1170342.21</valUSD>
        <pctVal>0.0380212116</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BID CORP LTD</name>
        <lei>N/A</lei>
        <title>BID CORP LTD</title>
        <cusip>S11881109</cusip>
        <identifiers>
          <isin value="ZAE000216537"/>
          <ticker value="BPPPF"/>
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        <balance>83467</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.38"/>
        <valUSD>2277364.99</valUSD>
        <pctVal>0.0739853484</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QATAR FUEL QSC</name>
        <lei>N/A</lei>
        <title>QATAR FUEL QSC</title>
        <cusip>M8S778117</cusip>
        <identifiers>
          <isin value="QA0001200771"/>
          <ticker value="QFLS"/>
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        <balance>160054</balance>
        <units>NS</units>
        <currencyConditional curCd="QAR" exchangeRt="3.641"/>
        <valUSD>620045.97</valUSD>
        <pctVal>0.0201435946</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>QA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAUDI TELECOM CO</name>
        <lei>21380028ATJ79OTA9W17</lei>
        <title>SAUDI TELECOM CO</title>
        <cusip>M8T596104</cusip>
        <identifiers>
          <isin value="SA0007879543"/>
          <ticker value="7010"/>
        </identifiers>
        <balance>488077</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>5618961.38</valUSD>
        <pctVal>0.1825446589</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASTRAL LTD</name>
        <lei>3358007M1SKFTVDRMC40</lei>
        <title>ASTRAL LTD</title>
        <cusip>Y0433Q169</cusip>
        <identifiers>
          <isin value="INE006I01046"/>
          <ticker value="ASTRAL"/>
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        <balance>20232</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>286000.15</valUSD>
        <pctVal>0.0092913612</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHANGHAI INTL. AIRPORT CO</name>
        <lei>3003000CIJ7O6AOQF345</lei>
        <title>SHANGHAI INTL. AIRPORT CO</title>
        <cusip>Y7682X100</cusip>
        <identifiers>
          <isin value="CNE000000V89"/>
          <ticker value="600009"/>
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        <balance>17200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>58667.62</valUSD>
        <pctVal>0.0019059502</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KWEICHOW MOUTAI CO LTD</name>
        <lei>N/A</lei>
        <title>KWEICHOW MOUTAI CO LTD</title>
        <cusip>Y5070V116</cusip>
        <identifiers>
          <isin value="CNE0000018R8"/>
          <ticker value="600519"/>
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        <balance>18295</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>3193039.25</valUSD>
        <pctVal>0.1037330961</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA MERCHANTS BANK CO L</name>
        <lei>549300MKO5B60FFIHF58</lei>
        <title>CHINA MERCHANTS BANK CO L</title>
        <cusip>Y14896107</cusip>
        <identifiers>
          <isin value="CNE000001B33"/>
          <ticker value="CIHKF"/>
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        <balance>309179</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>1617384.86</valUSD>
        <pctVal>0.0525444024</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF COMMS. CO LTD</name>
        <lei>549300AX1UM10U30HK09</lei>
        <title>BANK OF COMMS. CO LTD</title>
        <cusip>Y06988110</cusip>
        <identifiers>
          <isin value="CNE1000000S2"/>
          <ticker value="601328"/>
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        <balance>777900</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>737108.63</valUSD>
        <pctVal>0.0239466397</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GLOBALWAFERS CO LTD</name>
        <lei>529900V6RTNF3U5EGX67</lei>
        <title>GLOBALWAFERS CO LTD</title>
        <cusip>Y2722U109</cusip>
        <identifiers>
          <isin value="TW0006488000"/>
          <ticker value="6488"/>
        </identifiers>
        <balance>62709</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>2028344.11</valUSD>
        <pctVal>0.0658953423</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF BARODA</name>
        <lei>549300CQ6M9Q0TJEZR23</lei>
        <title>BANK OF BARODA</title>
        <cusip>Y0643L141</cusip>
        <identifiers>
          <isin value="INE028A01039"/>
          <ticker value="BANKBARODA"/>
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        <balance>252882</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>734091.82</valUSD>
        <pctVal>0.0238486318</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PLDT INC</name>
        <lei>254900ADE8GQHM5P2648</lei>
        <title>PLDT INC</title>
        <cusip>Y7072Q103</cusip>
        <identifiers>
          <isin value="PHY7072Q1032"/>
          <ticker value="PHTCF"/>
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        <balance>19380</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="61.37"/>
        <valUSD>357096.89</valUSD>
        <pctVal>0.0116010995</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HLB INC</name>
        <lei>988400ZL885PLZG8E576</lei>
        <title>HLB INC</title>
        <cusip>Y5018T108</cusip>
        <identifiers>
          <isin value="KR7028300002"/>
          <ticker value="A028300"/>
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        <balance>28125</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>947206.87</valUSD>
        <pctVal>0.0307721558</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAMSUNG SDS CO LTD</name>
        <lei>988400G19T2TB4CAWX91</lei>
        <title>SAMSUNG SDS CO LTD</title>
        <cusip>Y7T72C103</cusip>
        <identifiers>
          <isin value="KR7018260000"/>
          <ticker value="A018260"/>
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        <balance>9047</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>1122695.26</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JIANGXI COPPER CO LTD</name>
        <lei>3003002E74YFQ6MEZY56</lei>
        <title>JIANGXI COPPER CO LTD</title>
        <cusip>Y4446C118</cusip>
        <identifiers>
          <isin value="CNE0000019P0"/>
          <ticker value="JGXCF"/>
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        <balance>33099</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>213143.8</valUSD>
        <pctVal>0.0069244580</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAMSUNG C&amp;T CORP</name>
        <lei>988400GFRE4IDFPE9E64</lei>
        <title>SAMSUNG C&amp;T CORP</title>
        <cusip>Y7T71K106</cusip>
        <identifiers>
          <isin value="KR7028260008"/>
          <ticker value="A028260"/>
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        <balance>19572</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>5988187.24</valUSD>
        <pctVal>0.1945397954</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TECH MAHINDRA LTD</name>
        <lei>3358005FZUZ1I25XQH69</lei>
        <title>TECH MAHINDRA LTD</title>
        <cusip>Y85491127</cusip>
        <identifiers>
          <isin value="INE669C01036"/>
          <ticker value="TECHM"/>
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        <balance>135788</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>2021742.51</valUSD>
        <pctVal>0.0656808744</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FUYAO GLASS IND. GRP. CO</name>
        <lei>549300AS5CSLWETN0P64</lei>
        <title>FUYAO GLASS IND. GRP. CO</title>
        <cusip>Y2680G100</cusip>
        <identifiers>
          <isin value="CNE100001TR7"/>
          <ticker value="FIGIF"/>
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        <balance>138800</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>908770.89</valUSD>
        <pctVal>0.0295234761</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HUATAI SECS. CO LTD</name>
        <lei>3003009ABT0UCWO79Q77</lei>
        <title>HUATAI SECS. CO LTD</title>
        <cusip>Y37426114</cusip>
        <identifiers>
          <isin value="CNE100001YQ9"/>
          <ticker value="HUATF"/>
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        <balance>293000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>625701.77</valUSD>
        <pctVal>0.0203273360</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GENSCRIPT BIOTECH CORP</name>
        <lei>529900YIYUOJOXSAE372</lei>
        <title>GENSCRIPT BIOTECH CORP</title>
        <cusip>G3825B105</cusip>
        <identifiers>
          <isin value="KYG3825B1059"/>
          <ticker value="GNNSF"/>
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        <balance>304000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
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        <pctVal>0.0155035474</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PHARMAESSENTIA CORP</name>
        <lei>54930001GNQLDIFASK68</lei>
        <title>PHARMAESSENTIA CORP</title>
        <cusip>Y6S28C101</cusip>
        <identifiers>
          <isin value="TW0006446008"/>
          <ticker value="6446"/>
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        <balance>68824</balance>
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        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PI INDS. LTD</name>
        <lei>335800PEGP94E4CC1D11</lei>
        <title>PI INDS. LTD</title>
        <cusip>Y6978D141</cusip>
        <identifiers>
          <isin value="INE603J01030"/>
          <ticker value="PIIND"/>
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        <balance>16151</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>438052.52</valUSD>
        <pctVal>0.0142311261</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AXIS BANK LTD</name>
        <lei>549300HVNWMJPOFVNI41</lei>
        <title>AXIS BANK LTD</title>
        <cusip>Y0487S137</cusip>
        <identifiers>
          <isin value="INE238A01034"/>
          <ticker value="AXISBANK"/>
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        <balance>557251</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>7975221</valUSD>
        <pctVal>0.2590930776</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>XINYI SOLAR HLDGS. LTD</name>
        <lei>529900QF7VIH03SB7Q08</lei>
        <title>XINYI SOLAR HLDGS. LTD</title>
        <cusip>G9829N102</cusip>
        <identifiers>
          <isin value="KYG9829N1025"/>
          <ticker value="XNYIF"/>
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        <balance>1135136</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>299479.39</valUSD>
        <pctVal>0.0097292648</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>TENCENT HOLDINGS LIMITED</name>
        <lei>254900N4SLUMW4XUYY11</lei>
        <title>TENCENT HOLDINGS LIMITED</title>
        <cusip>G87572163</cusip>
        <identifiers>
          <isin value="KYG875721634"/>
          <ticker value="TCTZF"/>
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        <balance>1483389</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>81748407.14</valUSD>
        <pctVal>2.6557817516</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ALROSA PJSC</name>
        <lei>894500DKUWVBYZLLE651</lei>
        <title>ALROSA PJSC</title>
        <cusip>X0085A109</cusip>
        <identifiers>
          <isin value="RU0007252813"/>
          <ticker value="ARRLF"/>
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        <balance>695290</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="78.700000"/>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VIPSHOP HLDGS. LTD ADR</name>
        <lei>549300I9F52K06HPZX60</lei>
        <title>VIPSHOP HLDGS. LTD ADR</title>
        <cusip>92763W103</cusip>
        <identifiers>
          <isin value="US92763W1036"/>
          <ticker value="VIPS"/>
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        <balance>66740</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>884972.4</valUSD>
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        <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>
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      </invstOrSec>
      <invstOrSec>
        <name>INDUS TOWERS LTD</name>
        <lei>335800L6DI4VHODGDK41</lei>
        <title>INDUS TOWERS LTD</title>
        <cusip>Y0R86J109</cusip>
        <identifiers>
          <isin value="INE121J01017"/>
          <ticker value="INDUSTOWER"/>
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        <balance>310754</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
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        <pctVal>0.0419414833</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BIZLINK HLDG. INC</name>
        <lei>213800YAKRFVU5XOX138</lei>
        <title>BIZLINK HLDG. INC</title>
        <cusip>G11474106</cusip>
        <identifiers>
          <isin value="KYG114741062"/>
          <ticker value="BIZLF"/>
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        <balance>41000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>2491752.33</valUSD>
        <pctVal>0.0809502056</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA GALAXY SECS. CO LTD</name>
        <lei>3003008KFQXO06OK8582</lei>
        <title>CHINA GALAXY SECS. CO LTD</title>
        <cusip>Y1R92J109</cusip>
        <identifiers>
          <isin value="CNE100001NT6"/>
          <ticker value="CGXYF"/>
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        <balance>846500</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHINA HONGQIAO GRP. LTD</name>
        <lei>3003009Q4IBFSDE24571</lei>
        <title>CHINA HONGQIAO GRP. LTD</title>
        <cusip>G21150100</cusip>
        <identifiers>
          <isin value="KYG211501005"/>
          <ticker value="CHHQF"/>
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        <balance>750000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>GODREJ PROPS. LTD</name>
        <lei>335800KM3Y5NZWXOE183</lei>
        <title>GODREJ PROPS. LTD</title>
        <cusip>Y2735G139</cusip>
        <identifiers>
          <isin value="INE484J01027"/>
          <ticker value="GODREJPROP"/>
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        <balance>27705</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>549896.54</valUSD>
        <pctVal>0.0178646318</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KLABIN SA</name>
        <lei>254900C8UYA6YUPSDU10</lei>
        <title>KLABIN SA</title>
        <cusip>P60933135</cusip>
        <identifiers>
          <isin value="BRKLBNCDAM18"/>
          <ticker value="KLBN11"/>
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        <balance>205711</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>667864.39</valUSD>
        <pctVal>0.0216970840</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DOOSAN ENERBILITY CO LTD</name>
        <lei>988400TK5NA3GLSTN506</lei>
        <title>DOOSAN ENERBILITY CO LTD</title>
        <cusip>Y2102C109</cusip>
        <identifiers>
          <isin value="KR7034020008"/>
          <ticker value="A034020"/>
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        <balance>107803</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>DB INS. CO LTD</name>
        <lei>9884000ZF26VNJBWSJ91</lei>
        <title>DB INS. CO LTD</title>
        <cusip>Y2096K109</cusip>
        <identifiers>
          <isin value="KR7005830005"/>
          <ticker value="DGBUF"/>
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        <balance>9637</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>SAMSUNG FIRE &amp; MARINE INS</name>
        <lei>988400JMBDK47EW0Z936</lei>
        <title>SAMSUNG FIRE &amp; MARINE INS</title>
        <cusip>Y7473H108</cusip>
        <identifiers>
          <isin value="KR7000810002"/>
          <ticker value="SZVZF"/>
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        <balance>6992</balance>
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        <valUSD>2799990.18</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>KT&amp;G CORPORATION KRW5000</name>
        <lei>988400ZJV6ISYBLQX875</lei>
        <title>KT&amp;G CORPORATION KRW5000</title>
        <cusip>Y49904108</cusip>
        <identifiers>
          <isin value="KR7033780008"/>
          <ticker value="KTCIF"/>
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        <balance>21924</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>2404535.53</valUSD>
        <pctVal>0.0781167708</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>
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        <name>ADVANCED INFO SERVICE PUB</name>
        <lei>529900DU2YW1NO5RMU78</lei>
        <title>ADVANCED INFO SERVICE PUB</title>
        <cusip>Y0014U183</cusip>
        <identifiers>
          <isin value="TH0268010Z11"/>
          <ticker value="AVIKF"/>
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        <balance>194000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.2205"/>
        <valUSD>2148306.23</valUSD>
        <pctVal>0.0697925829</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>ADVANCED INFO SERV. PCL</name>
        <lei>529900DU2YW1NO5RMU78</lei>
        <title>ADVANCED INFO SERV. PCL</title>
        <cusip>Y0014U175</cusip>
        <identifiers>
          <isin value="TH0268010R11"/>
          <ticker value="AVIVF"/>
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        <balance>47499</balance>
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        <currencyConditional curCd="THB" exchangeRt="33.2205"/>
        <valUSD>527489.35</valUSD>
        <pctVal>0.0171366836</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AMMB HLDGS. BHD</name>
        <lei>254900R0GQB7U67SCH62</lei>
        <title>AMMB HLDGS. BHD</title>
        <cusip>Y0122P100</cusip>
        <identifiers>
          <isin value="MYL1015OO006"/>
          <ticker value="AMMHF"/>
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        <balance>596537</balance>
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        <currencyConditional curCd="MYR" exchangeRt="4.0775"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TAIWAN BUSINESS BANK</name>
        <lei>254900930YMK9AXL9O17</lei>
        <title>TAIWAN BUSINESS BANK</title>
        <cusip>Y8414R106</cusip>
        <identifiers>
          <isin value="TW0002834009"/>
          <ticker value="TWBBF"/>
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        <balance>1719053</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ALUMINUM CORP OF CHINA LT</name>
        <lei>529900TKZUWQLIQN6T48</lei>
        <title>ALUMINUM CORP OF CHINA LT</title>
        <cusip>Y0094N109</cusip>
        <identifiers>
          <isin value="CNE1000001T8"/>
          <ticker value="ALMMF"/>
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        <balance>923435</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HUA NAN FINL. HLDGS. CO L</name>
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        <title>HUA NAN FINL. HLDGS. CO L</title>
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        <identifiers>
          <isin value="TW0002880002"/>
          <ticker value="HNFHF"/>
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        <balance>2142305</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KGI FINANCIAL HOLDING CO.</name>
        <lei>213800CVM61O866CGD19</lei>
        <title>KGI FINANCIAL HOLDING CO.</title>
        <cusip>Y1460P108</cusip>
        <identifiers>
          <isin value="TW0002883006"/>
          <ticker value="CDBZF"/>
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        <balance>3716015</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FUBON FINL. HLDG. CO LTD</name>
        <lei>549300G7Y2TS2XNIB476</lei>
        <title>FUBON FINL. HLDG. CO LTD</title>
        <cusip>Y26528102</cusip>
        <identifiers>
          <isin value="TW0002881000"/>
          <ticker value="FUISF"/>
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        <balance>2022668</balance>
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        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHAROEN POKPHAND FOODS PC</name>
        <lei>529900FJ3AI2GKGIWK15</lei>
        <title>CHAROEN POKPHAND FOODS PC</title>
        <cusip>Y1295E138</cusip>
        <identifiers>
          <isin value="TH0101010R14"/>
          <ticker value="CPOUF"/>
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        <balance>858957</balance>
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        <currencyConditional curCd="THB" exchangeRt="33.2205"/>
        <valUSD>509566.94</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TS FINANCIAL HOLDING CO L</name>
        <lei>254900NDEO99JV07HK17</lei>
        <title>TS FINANCIAL HOLDING CO L</title>
        <cusip>Y84086100</cusip>
        <identifiers>
          <isin value="TW0002887007"/>
          <ticker value="TSHFF"/>
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        <balance>5085905</balance>
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        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>5329197.38</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>METROPOLITAN BANK &amp; TST.</name>
        <lei>549300SQYI82RVWFN715</lei>
        <title>METROPOLITAN BANK &amp; TST.</title>
        <cusip>Y6028G136</cusip>
        <identifiers>
          <isin value="PHY6028G1361"/>
          <ticker value="MTPOF"/>
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        <balance>467109</balance>
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        <currencyConditional curCd="PHP" exchangeRt="61.37"/>
        <valUSD>496016.14</valUSD>
        <pctVal>0.0161142053</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AYALA LAND INC</name>
        <lei>254900EWT10TQ6DKTV34</lei>
        <title>AYALA LAND INC</title>
        <cusip>Y0488F100</cusip>
        <identifiers>
          <isin value="PHY0488F1004"/>
          <ticker value="AYAAF"/>
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        <balance>1012060</balance>
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        <currencyConditional curCd="PHP" exchangeRt="61.37"/>
        <valUSD>245139.3</valUSD>
        <pctVal>0.0079639042</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ORACLE FINL. SERVS. SOFTW</name>
        <lei>3358008SYNPKSPNMTJ57</lei>
        <title>ORACLE FINL. SERVS. SOFTW</title>
        <cusip>Y3864R102</cusip>
        <identifiers>
          <isin value="INE881D01027"/>
          <ticker value="IFXXF"/>
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        <balance>4865</balance>
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        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BYD CO LTD</name>
        <lei>5299005557VL7ULJ7A69</lei>
        <title>BYD CO LTD</title>
        <cusip>Y1023R104</cusip>
        <identifiers>
          <isin value="CNE100000296"/>
          <ticker value="BYDDF"/>
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        <balance>883596</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHINA OILFIELD SERVS. LTD</name>
        <lei>529900J4X53VL8QQW675</lei>
        <title>CHINA OILFIELD SERVS. LTD</title>
        <cusip>Y15002101</cusip>
        <identifiers>
          <isin value="CNE1000002P4"/>
          <ticker value="CHOLF"/>
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        <balance>416757</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FIRST FINL. HLDG. CO LTD</name>
        <lei>529900BC1U046Q2GUZ64</lei>
        <title>FIRST FINL. HLDG. CO LTD</title>
        <cusip>Y2518F100</cusip>
        <identifiers>
          <isin value="TW0002892007"/>
          <ticker value="FFHCF"/>
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        <balance>2666253</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>PTT EXPLORATION &amp; PRODUCT</name>
        <lei>2549001O8YYGP5N7Q076</lei>
        <title>PTT EXPLORATION &amp; PRODUCT</title>
        <cusip>Y7145P140</cusip>
        <identifiers>
          <isin value="TH0355010R16"/>
          <ticker value="PEXUF"/>
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        <balance>35043</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>KRUNG THAI BANK PCL</name>
        <lei>54930007ZQMYCRFQGE36</lei>
        <title>KRUNG THAI BANK PCL</title>
        <cusip>Y49885208</cusip>
        <identifiers>
          <isin value="TH0150010Z11"/>
          <ticker value="KGTFF"/>
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        <balance>515250</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>SIAM CEMENT PCL/THE</name>
        <lei>254900RMCZY0X6F2KB70</lei>
        <title>SIAM CEMENT PCL/THE</title>
        <cusip>Y7866P121</cusip>
        <identifiers>
          <isin value="TH0003010R12"/>
          <ticker value="SCVUF"/>
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        <balance>111498</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNION BANK OF INDIA</name>
        <lei>5493000P4HD6132SQ711</lei>
        <title>UNION BANK OF INDIA</title>
        <cusip>Y90885115</cusip>
        <identifiers>
          <isin value="INE692A01016"/>
          <ticker value="UBOIF"/>
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        <balance>371205</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>YTL POWER INTL. BHD</name>
        <lei>N/A</lei>
        <title>YTL POWER INTL. BHD</title>
        <cusip>Y9861K222</cusip>
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          <isin value="MYL6742OO000"/>
          <ticker value="YTLPF"/>
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        <balance>699700</balance>
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        <currencyConditional curCd="MYR" exchangeRt="4.0775"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SM INVS. CORP</name>
        <lei>254900YB8UATFP21AF80</lei>
        <title>SM INVS. CORP</title>
        <cusip>Y80676102</cusip>
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          <isin value="PHY806761029"/>
          <ticker value="SVTMF"/>
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        <balance>43842</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        <name>BAJAJ AUTO INR10 (</name>
        <lei>335800NL7NWD9IPOHL48</lei>
        <title>BAJAJ AUTO INR10 (</title>
        <cusip>Y0546X143</cusip>
        <identifiers>
          <isin value="INE118A01012"/>
          <ticker value="BJJAF"/>
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        <balance>6268</balance>
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        <valUSD>705494.93</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TVS MOTOR CO LTD</name>
        <lei>335800URVL13UQEWM152</lei>
        <title>TVS MOTOR CO LTD</title>
        <cusip>Y9014B103</cusip>
        <identifiers>
          <isin value="INE494B01023"/>
          <ticker value="TSUZF"/>
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        <balance>57471</balance>
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        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>2118219.73</valUSD>
        <pctVal>0.0688151550</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SANLAM LTD</name>
        <lei>37890014418406D9FC23</lei>
        <title>SANLAM LTD</title>
        <cusip>S7302C137</cusip>
        <identifiers>
          <isin value="ZAE000070660"/>
          <ticker value="SLMAF"/>
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        <balance>430652</balance>
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        <currencyConditional curCd="ZAR" exchangeRt="16.38"/>
        <valUSD>2324281.74</valUSD>
        <pctVal>0.0755095450</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UPL LTD</name>
        <lei>335800RJSM1SLHO4UA95</lei>
        <title>UPL LTD</title>
        <cusip>Y9305P100</cusip>
        <identifiers>
          <isin value="INE628A01036"/>
          <ticker value="UPHHF"/>
        </identifiers>
        <balance>118061</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>716911.01</valUSD>
        <pctVal>0.0232904743</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MRF LTD</name>
        <lei>335800EQP78LTJ76DZ82</lei>
        <title>MRF LTD</title>
        <cusip>Y6145L117</cusip>
        <identifiers>
          <isin value="INE883A01011"/>
          <ticker value="MRF"/>
        </identifiers>
        <balance>549</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>744486.04</valUSD>
        <pctVal>0.0241863115</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INDUSIND BANK LTD</name>
        <lei>335800JDVJ8HSXG9G512</lei>
        <title>INDUSIND BANK LTD</title>
        <cusip>Y3990M134</cusip>
        <identifiers>
          <isin value="INE095A01012"/>
          <ticker value="IDUBF"/>
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        <balance>137759</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1350801.92</valUSD>
        <pctVal>0.0438838531</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IMPALA PLATINUM HLDGS. LT</name>
        <lei>254900BZFIFB4PD2Z778</lei>
        <title>IMPALA PLATINUM HLDGS. LT</title>
        <cusip>S37840113</cusip>
        <identifiers>
          <isin value="ZAE000083648"/>
          <ticker value="IMPUF"/>
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        <balance>216148</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.38"/>
        <valUSD>2260643.53</valUSD>
        <pctVal>0.0734421140</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GODREJ CONSUMER PRODS. LT</name>
        <lei>335800P4GUWLGZFK2D63</lei>
        <title>GODREJ CONSUMER PRODS. LT</title>
        <cusip>Y2732X135</cusip>
        <identifiers>
          <isin value="INE102D01028"/>
          <ticker value="GODREJCP"/>
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        <balance>84862</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>907933.38</valUSD>
        <pctVal>0.0294962677</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA MERCHANTS BANK CO L</name>
        <lei>549300MKO5B60FFIHF58</lei>
        <title>CHINA MERCHANTS BANK CO L</title>
        <cusip>Y14896115</cusip>
        <identifiers>
          <isin value="CNE1000002M1"/>
          <ticker value="CIHHF"/>
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        <balance>913433</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>5243342.19</valUSD>
        <pctVal>0.1703418206</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VOLTAS LTD</name>
        <lei>335800VVTQSSZ7NV7F51</lei>
        <title>VOLTAS LTD</title>
        <cusip>Y93817149</cusip>
        <identifiers>
          <isin value="INE226A01021"/>
          <ticker value="VTSJF"/>
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        <balance>42194</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>571165.48</valUSD>
        <pctVal>0.0185556014</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INNOLUX CORP</name>
        <lei>3003007EXL0825P1MJ10</lei>
        <title>INNOLUX CORP</title>
        <cusip>Y4090E105</cusip>
        <identifiers>
          <isin value="TW0003481008"/>
          <ticker value="INXDF"/>
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        <balance>1761457</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>3841279.82</valUSD>
        <pctVal>0.1247926560</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INDUSTRIAL &amp; COMMER. BANK</name>
        <lei>5493002ERZU2K9PZDL40</lei>
        <title>INDUSTRIAL &amp; COMMER. BANK</title>
        <cusip>Y3990B112</cusip>
        <identifiers>
          <isin value="CNE1000003G1"/>
          <ticker value="IDCBF"/>
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        <balance>15694023</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>12879471.74</valUSD>
        <pctVal>0.4184187462</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INDIAN HOTELS CO LTD</name>
        <lei>33580076CH5SBY5HWA22</lei>
        <title>INDIAN HOTELS CO LTD</title>
        <cusip>Y3925F147</cusip>
        <identifiers>
          <isin value="INE053A01029"/>
          <ticker value="IDHUF"/>
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        <balance>203742</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1542624.82</valUSD>
        <pctVal>0.0501156535</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHANG HWA COMMER. BANK LT</name>
        <lei>549300FHFNGCSKDTHT42</lei>
        <title>CHANG HWA COMMER. BANK LT</title>
        <cusip>Y1293J105</cusip>
        <identifiers>
          <isin value="TW0002801008"/>
          <ticker value="CHWCF"/>
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        <balance>1647053</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>1243288.76</valUSD>
        <pctVal>0.0403910451</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIC LTD</name>
        <lei>2549006I3Q3M98KHOT11</lei>
        <title>CITIC LTD</title>
        <cusip>Y1639J116</cusip>
        <identifiers>
          <isin value="HK0267001375"/>
          <ticker value="CTPCF"/>
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        <balance>1065803</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>1449151.73</valUSD>
        <pctVal>0.0470789689</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ZHAOJIN MINING IND. CO LT</name>
        <lei>3003007KU2DRDX06PN04</lei>
        <title>ZHAOJIN MINING IND. CO LT</title>
        <cusip>Y988A6104</cusip>
        <identifiers>
          <isin value="CNE1000004R6"/>
          <ticker value="ZHAOF"/>
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        <balance>401000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>841450.45</valUSD>
        <pctVal>0.0273364195</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHROMA ATE INC</name>
        <lei>N/A</lei>
        <title>CHROMA ATE INC</title>
        <cusip>Y1604M102</cusip>
        <identifiers>
          <isin value="TW0002360005"/>
          <ticker value="CRMJF"/>
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        <balance>87000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>5970153.48</valUSD>
        <pctVal>0.1939539279</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHINA COAL ENERGY CO LTD</name>
        <lei>529900KRC89344UI3Z10</lei>
        <title>CHINA COAL ENERGY CO LTD</title>
        <cusip>Y1434L100</cusip>
        <identifiers>
          <isin value="CNE100000528"/>
          <ticker value="CCOZF"/>
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        <balance>474000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>592580.64</valUSD>
        <pctVal>0.0192513213</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COMMERCIAL INTERNATIONAL</name>
        <lei>213800FIIXJAMEVRIH48</lei>
        <title>COMMERCIAL INTERNATIONAL</title>
        <cusip>M25561107</cusip>
        <identifiers>
          <isin value="EGS60121C018"/>
          <ticker value="CMGJF"/>
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        <balance>600364</balance>
        <units>NS</units>
        <currencyConditional curCd="EGP" exchangeRt="49.13"/>
        <valUSD>1558038.06</valUSD>
        <pctVal>0.0506163874</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DELTA ELECTRONIC TWD10</name>
        <lei>529900UVZWNWGDLJSM52</lei>
        <title>DELTA ELECTRONIC TWD10</title>
        <cusip>Y20263102</cusip>
        <identifiers>
          <isin value="TW0002308004"/>
          <ticker value="DLTEF"/>
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        <balance>468313</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>28986118.95</valUSD>
        <pctVal>0.9416795807</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GOLD FIELDS LTD</name>
        <lei>5299003KXIBJQYCBBD72</lei>
        <title>GOLD FIELDS LTD</title>
        <cusip>S31755101</cusip>
        <identifiers>
          <isin value="ZAE000018123"/>
          <ticker value="GFIOF"/>
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        <balance>213704</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.38"/>
        <valUSD>7168352.3</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HANMI SEMICON. CO LTD</name>
        <lei>N/A</lei>
        <title>HANMI SEMICON. CO LTD</title>
        <cusip>Y3R62P107</cusip>
        <identifiers>
          <isin value="KR7042700005"/>
          <ticker value="HNSIF"/>
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        <balance>9614</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>1615804.27</valUSD>
        <pctVal>0.0524930533</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BANGKOK DUSIT MEDICAL SER</name>
        <lei>N/A</lei>
        <title>BANGKOK DUSIT MEDICAL SER</title>
        <cusip>Y06071131</cusip>
        <identifiers>
          <isin value="TH0264010R10"/>
          <ticker value="BDUUF"/>
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        <balance>2456400</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.2205"/>
        <valUSD>1434267.39</valUSD>
        <pctVal>0.0465954175</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GAMUDA BHD</name>
        <lei>254900RW4N94L9KA9137</lei>
        <title>GAMUDA BHD</title>
        <cusip>Y2679X106</cusip>
        <identifiers>
          <isin value="MYL5398OO002"/>
          <ticker value="GMUAF"/>
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        <balance>1236928</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.0775"/>
        <valUSD>1329743.55</valUSD>
        <pctVal>0.0431997243</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA MERCHANTS PORT HLDG</name>
        <lei>529900GA4UH90FUOR048</lei>
        <title>CHINA MERCHANTS PORT HLDG</title>
        <cusip>Y1489Q103</cusip>
        <identifiers>
          <isin value="HK0144000764"/>
          <ticker value="CMHHF"/>
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        <balance>284067</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>448534.5</valUSD>
        <pctVal>0.0145716569</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MARICO LTD</name>
        <lei>3358003SFDQFGJPC5O84</lei>
        <title>MARICO LTD</title>
        <cusip>Y5841R170</cusip>
        <identifiers>
          <isin value="INE196A01026"/>
          <ticker value="MAIOF"/>
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        <balance>122302</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1083794.88</valUSD>
        <pctVal>0.0352095260</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SUPREME INDS. LTD</name>
        <lei>33580094NA85GD34LN25</lei>
        <title>SUPREME INDS. LTD</title>
        <cusip>Y83139140</cusip>
        <identifiers>
          <isin value="INE195A01028"/>
          <ticker value="SUPREMEIND"/>
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        <balance>12931</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>432315.96</valUSD>
        <pctVal>0.0140447610</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HD KOREA SHIPBUILDING &amp; O</name>
        <lei>988400DPTJ9KH5R6W540</lei>
        <title>HD KOREA SHIPBUILDING &amp; O</title>
        <cusip>Y3838M106</cusip>
        <identifiers>
          <isin value="KR7009540006"/>
          <ticker value="HYHZF"/>
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        <balance>10220</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>2319638.21</valUSD>
        <pctVal>0.0753586895</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IOI CORP BHD</name>
        <lei>N/A</lei>
        <title>IOI CORP BHD</title>
        <cusip>Y41763106</cusip>
        <identifiers>
          <isin value="MYL1961OO001"/>
          <ticker value="IOIOF"/>
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        <balance>591340</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.0775"/>
        <valUSD>612880.03</valUSD>
        <pctVal>0.0199107928</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ENEVA SA</name>
        <lei>549300T1AP7HKCABII19</lei>
        <title>ENEVA SA</title>
        <cusip>P3719N116</cusip>
        <identifiers>
          <isin value="BRENEVACNOR8"/>
          <ticker value="ENVQF"/>
        </identifiers>
        <balance>224700</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>1164350.19</valUSD>
        <pctVal>0.0378265473</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AMBEV SA COM NPV ABEV3</name>
        <lei>549300TH5Q6VRP8OT012</lei>
        <title>AMBEV SA COM NPV ABEV3</title>
        <cusip>P0273U106</cusip>
        <identifiers>
          <isin value="BRABEVACNOR1"/>
          <ticker value="ABEV3"/>
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        <balance>1054660</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>3326010.65</valUSD>
        <pctVal>0.1080529725</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PROLOGIS PROP. MEXICO SA</name>
        <lei>549300JMTSVQ6LKX5222</lei>
        <title>PROLOGIS PROP. MEXICO SA</title>
        <cusip>P4559M101</cusip>
        <identifiers>
          <isin value="MXCFFI170008"/>
          <ticker value="FBBPF"/>
        </identifiers>
        <balance>262000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.4875"/>
        <valUSD>1131150.82</valUSD>
        <pctVal>0.0367479907</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>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA RAILWAY GRP. LTD</name>
        <lei>529900TFRLG8UDJ7QA89</lei>
        <title>CHINA RAILWAY GRP. LTD</title>
        <cusip>Y1509D116</cusip>
        <identifiers>
          <isin value="CNE1000007Z2"/>
          <ticker value="CRWOF"/>
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        <balance>1026827</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>434764.03</valUSD>
        <pctVal>0.0141242921</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SINOTRUK HONG KONG LTD</name>
        <lei>529900BB4WA4W576X724</lei>
        <title>SINOTRUK HONG KONG LTD</title>
        <cusip>Y8014Z102</cusip>
        <identifiers>
          <isin value="HK3808041546"/>
          <ticker value="SHKLF"/>
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        <balance>208000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>1025796.84</valUSD>
        <pctVal>0.0333253286</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANQUE SAUDI FRANSI</name>
        <lei>558600N07EDF4ATYR106</lei>
        <title>BANQUE SAUDI FRANSI</title>
        <cusip>M1R177100</cusip>
        <identifiers>
          <isin value="SA0007879782"/>
          <ticker value="1050"/>
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        <balance>291134</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>1503685.94</valUSD>
        <pctVal>0.0488506360</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ETIHAD ETISALAT CO</name>
        <lei>2549007BA9ABDE3HVK79</lei>
        <title>ETIHAD ETISALAT CO</title>
        <cusip>M4100E106</cusip>
        <identifiers>
          <isin value="SA000A0DM9P2"/>
          <ticker value="7020"/>
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        <balance>88668</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>1427432.22</valUSD>
        <pctVal>0.0463733616</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOTES CO LTD</name>
        <lei>N/A</lei>
        <title>LOTES CO LTD</title>
        <cusip>Y53302116</cusip>
        <identifiers>
          <isin value="TW0003533006"/>
          <ticker value="3533"/>
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        <balance>19906</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>1330041.8</valUSD>
        <pctVal>0.0432094137</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BYD ELECTNC. INTL. CO LTD</name>
        <lei>5299001O3LAFGRPZ3Y63</lei>
        <title>BYD ELECTNC. INTL. CO LTD</title>
        <cusip>Y1045N107</cusip>
        <identifiers>
          <isin value="HK0285041858"/>
          <ticker value="BYDIF"/>
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        <balance>195500</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>524502.9</valUSD>
        <pctVal>0.0170396620</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="216809.390000000000"/>
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      <invstOrSec>
        <name>JINDAL STEEL LTD</name>
        <lei>335800UIKQBF6QO2NP15</lei>
        <title>JINDAL STEEL LTD</title>
        <cusip>Y4447P100</cusip>
        <identifiers>
          <isin value="INE749A01030"/>
          <ticker value="JSTBF"/>
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        <balance>88609</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>996570.22</valUSD>
        <pctVal>0.0323758358</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SUZLON ENERGY LTD</name>
        <lei>724500ZW9AZP283ZN723</lei>
        <title>SUZLON ENERGY LTD</title>
        <cusip>Y8315Y119</cusip>
        <identifiers>
          <isin value="INE040H01021"/>
          <ticker value="SZEYF"/>
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        <balance>2446624</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1531817.18</valUSD>
        <pctVal>0.0497645429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HARMONY GOLD MINING CO LT</name>
        <lei>378900986D05F0C29811</lei>
        <title>HARMONY GOLD MINING CO LT</title>
        <cusip>S34320101</cusip>
        <identifiers>
          <isin value="ZAE000015228"/>
          <ticker value="HGMCF"/>
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        <balance>136989</balance>
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        <currencyConditional curCd="ZAR" exchangeRt="16.38"/>
        <valUSD>2084752.21</valUSD>
        <pctVal>0.0677278869</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PHOENIX MILLS LTD/THE</name>
        <lei>33580037PCXCE5PNQU51</lei>
        <title>PHOENIX MILLS LTD/THE</title>
        <cusip>Y6973B132</cusip>
        <identifiers>
          <isin value="INE211B01039"/>
          <ticker value="PHOENIXLTD"/>
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        <balance>47695</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>985184.43</valUSD>
        <pctVal>0.0320059427</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STANDARD BANK GRP. LTD</name>
        <lei>2549003PEZXUT7MDBU41</lei>
        <title>STANDARD BANK GRP. LTD</title>
        <cusip>S80605140</cusip>
        <identifiers>
          <isin value="ZAE000109815"/>
          <ticker value="SBGOF"/>
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        <balance>313711</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.38"/>
        <valUSD>6180667.26</valUSD>
        <pctVal>0.2007929438</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INDUSTRIES QATAR QSC</name>
        <lei>2763E5KI3B6J7HLSFX16</lei>
        <title>INDUSTRIES QATAR QSC</title>
        <cusip>M56303106</cusip>
        <identifiers>
          <isin value="QA000A0KD6K3"/>
          <ticker value="IQCD"/>
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        <balance>361601</balance>
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        <currencyConditional curCd="QAR" exchangeRt="3.641"/>
        <valUSD>1095658.68</valUSD>
        <pctVal>0.0355949483</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>QA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BEIJING ENTS. HLDGS. LTD</name>
        <lei>529900896ODARUEY2V26</lei>
        <title>BEIJING ENTS. HLDGS. LTD</title>
        <cusip>Y07702122</cusip>
        <identifiers>
          <isin value="HK0392044647"/>
          <ticker value="BJINF"/>
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        <balance>109771</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>377050.89</valUSD>
        <pctVal>0.0122493503</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>REC LTD</name>
        <lei>335800B4YRYWAMIJZ374</lei>
        <title>REC LTD</title>
        <cusip>Y73650106</cusip>
        <identifiers>
          <isin value="INE020B01018"/>
          <ticker value="RECLTD"/>
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        <balance>289236</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1119523.83</valUSD>
        <pctVal>0.0363702617</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BOUBYAN BANK KSCP</name>
        <lei>254900D1UAYOAUPGL280</lei>
        <title>BOUBYAN BANK KSCP</title>
        <cusip>M2035S117</cusip>
        <identifiers>
          <isin value="KW0EQ0102065"/>
          <ticker value="BOUBYAN"/>
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        <balance>413395</balance>
        <units>NS</units>
        <currencyConditional curCd="KWD" exchangeRt=".3098"/>
        <valUSD>846445.19</valUSD>
        <pctVal>0.0274986849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WANT WANT CHINA HLDGS. LT</name>
        <lei>5299005HZCEKX4O1J230</lei>
        <title>WANT WANT CHINA HLDGS. LT</title>
        <cusip>G9431R103</cusip>
        <identifiers>
          <isin value="KYG9431R1039"/>
          <ticker value="WWNTF"/>
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        <balance>1151870</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>498344.79</valUSD>
        <pctVal>0.0161898567</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SASOL LTD</name>
        <lei>378900F4544561A97588</lei>
        <title>SASOL LTD</title>
        <cusip>803866102</cusip>
        <identifiers>
          <isin value="ZAE000006896"/>
          <ticker value="SASOF"/>
        </identifiers>
        <balance>139612</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.38"/>
        <valUSD>1380380.95</valUSD>
        <pctVal>0.0448447947</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TORRENT PHARMS. LTD</name>
        <lei>335800NA6HK275RIJE13</lei>
        <title>TORRENT PHARMS. LTD</title>
        <cusip>Y8896L148</cusip>
        <identifiers>
          <isin value="INE685A01028"/>
          <ticker value="TOPHF"/>
        </identifiers>
        <balance>26232</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1283771.8</valUSD>
        <pctVal>0.0417062282</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VODACOM GRP. LTD</name>
        <lei>37890012A8DC24B8D663</lei>
        <title>VODACOM GRP. LTD</title>
        <cusip>S9453B108</cusip>
        <identifiers>
          <isin value="ZAE000132577"/>
          <ticker value="VODAF"/>
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        <balance>145741</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.38"/>
        <valUSD>1349583.14</valUSD>
        <pctVal>0.0438442583</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TAL EDUCATION GROUP ADR</name>
        <lei>5493003PJZS0EC085V72</lei>
        <title>TAL EDUCATION GROUP ADR</title>
        <cusip>874080104</cusip>
        <identifiers>
          <isin value="US8740801043"/>
          <ticker value="TAL"/>
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        <balance>85532</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>818541.24</valUSD>
        <pctVal>0.0265921620</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>
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      </invstOrSec>
      <invstOrSec>
        <name>DUBAI ISLAMIC BANK PJSC</name>
        <lei>5493003E7YRAQY3JGW88</lei>
        <title>DUBAI ISLAMIC BANK PJSC</title>
        <cusip>M2888J107</cusip>
        <identifiers>
          <isin value="AED000201015"/>
          <ticker value="DIB"/>
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        <balance>694204</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.6728"/>
        <valUSD>1415542.06</valUSD>
        <pctVal>0.0459870828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PETRONAS CHEMS. GRP. BHD</name>
        <lei>N/A</lei>
        <title>PETRONAS CHEMS. GRP. BHD</title>
        <cusip>Y6811G103</cusip>
        <identifiers>
          <isin value="MYL5183OO008"/>
          <ticker value="PECGF"/>
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        <balance>552100</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.0775"/>
        <valUSD>548842.58</valUSD>
        <pctVal>0.0178303916</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BHARAT HEAVY ELECTRICALS</name>
        <lei>3358007X5FQ2R445Z747</lei>
        <title>BHARAT HEAVY ELECTRICALS</title>
        <cusip>Y0882L133</cusip>
        <identifiers>
          <isin value="INE257A01026"/>
          <ticker value="BHEL"/>
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        <balance>303115</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1332776.35</valUSD>
        <pctVal>0.0432982517</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BB SEGURIDADE PARTICIPACO</name>
        <lei>N/A</lei>
        <title>BB SEGURIDADE PARTICIPACO</title>
        <cusip>P1R1WJ103</cusip>
        <identifiers>
          <isin value="BRBBSEACNOR5"/>
          <ticker value="BBSE3"/>
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        <balance>140501</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>1063630.37</valUSD>
        <pctVal>0.0345544363</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WARBA BANK KSCP</name>
        <lei>254900HX6OLMFSO34H53</lei>
        <title>WARBA BANK KSCP</title>
        <cusip>M9763Z106</cusip>
        <identifiers>
          <isin value="KW0EQB010944"/>
          <ticker value="WARBABANK"/>
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        <balance>573359</balance>
        <units>NS</units>
        <currencyConditional curCd="KWD" exchangeRt=".3098"/>
        <valUSD>516792.54</valUSD>
        <pctVal>0.0167891736</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OOREDOO QPSC</name>
        <lei>549300D3EIDZJB62TR20</lei>
        <title>OOREDOO QPSC</title>
        <cusip>M8180V102</cusip>
        <identifiers>
          <isin value="QA0007227737"/>
          <ticker value="ORDS"/>
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        <balance>222848</balance>
        <units>NS</units>
        <currencyConditional curCd="QAR" exchangeRt="3.641"/>
        <valUSD>811787.49</valUSD>
        <pctVal>0.0263727512</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>QA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NMDC LTD</name>
        <lei>335800IXHXOHQ7B2HP66</lei>
        <title>NMDC LTD</title>
        <cusip>Y6223W100</cusip>
        <identifiers>
          <isin value="INE584A01023"/>
          <ticker value="NMDC"/>
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        <balance>693777</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>628286.53</valUSD>
        <pctVal>0.0204113078</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CLICKS GRP. LTD</name>
        <lei>378900E967958A677472</lei>
        <title>CLICKS GRP. LTD</title>
        <cusip>S17249111</cusip>
        <identifiers>
          <isin value="ZAE000134854"/>
          <ticker value="CLS"/>
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        <balance>56313</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.38"/>
        <valUSD>782362.82</valUSD>
        <pctVal>0.0254168243</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MASRAF AL RAYAN QSC</name>
        <lei>254900KFL51VLXABR231</lei>
        <title>MASRAF AL RAYAN QSC</title>
        <cusip>M6850J102</cusip>
        <identifiers>
          <isin value="QA000A0M8VM3"/>
          <ticker value="MARK"/>
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        <balance>1201456</balance>
        <units>NS</units>
        <currencyConditional curCd="QAR" exchangeRt="3.641"/>
        <valUSD>678023.61</valUSD>
        <pctVal>0.0220271293</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>QA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>APOLLO HOSPITALS ENT. LTD</name>
        <lei>3358005YT7JQCWYLTG43</lei>
        <title>APOLLO HOSPITALS ENT. LTD</title>
        <cusip>Y0187F112</cusip>
        <identifiers>
          <isin value="INE437A01024"/>
          <ticker value="APOLLOHOSP"/>
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        <balance>24897</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>2282494.24</valUSD>
        <pctVal>0.0741519837</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EMAAR PROPS. PJSC</name>
        <lei>254900YWYEXYXK1BMP81</lei>
        <title>EMAAR PROPS. PJSC</title>
        <cusip>M4025S107</cusip>
        <identifiers>
          <isin value="AEE000301011"/>
          <ticker value="EMAAR"/>
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        <balance>1484365</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.6728"/>
        <valUSD>4861123.69</valUSD>
        <pctVal>0.1579245889</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COROMANDEL INTL. LTD</name>
        <lei>335800U73K3HJSQKT249</lei>
        <title>COROMANDEL INTL. LTD</title>
        <cusip>Y1754W140</cusip>
        <identifiers>
          <isin value="INE169A01031"/>
          <ticker value="COROMANDEL"/>
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        <balance>28538</balance>
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        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>606436.66</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AIRTAC INTL. GROUP</name>
        <lei>N/A</lei>
        <title>AIRTAC INTL. GROUP</title>
        <cusip>G01408106</cusip>
        <identifiers>
          <isin value="KYG014081064"/>
          <ticker value="ATCXF"/>
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        <balance>33765</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>1424433.78</valUSD>
        <pctVal>0.0462759505</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EMIRATES NBD BANK PJSC</name>
        <lei>54930029BCN8HF3B1286</lei>
        <title>EMIRATES NBD BANK PJSC</title>
        <cusip>M4029Z107</cusip>
        <identifiers>
          <isin value="AEE000801010"/>
          <ticker value="EMIRATESNBD"/>
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        <balance>452031</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.6728"/>
        <valUSD>3654979.71</valUSD>
        <pctVal>0.1187402759</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CITIC SECS. CO LTD</name>
        <lei>300300E1006744000068</lei>
        <title>CITIC SECS. CO LTD</title>
        <cusip>Y1639N117</cusip>
        <identifiers>
          <isin value="CNE1000016V2"/>
          <ticker value="CIIHF"/>
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        <balance>384900</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>1344074.33</valUSD>
        <pctVal>0.0436652921</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ASTRA INTL. TBK PT</name>
        <lei>529900L49TRJOMG4DK47</lei>
        <title>ASTRA INTL. TBK PT</title>
        <cusip>Y7117N172</cusip>
        <identifiers>
          <isin value="ID1000122807"/>
          <ticker value="PTAIF"/>
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        <balance>3793760</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="17880"/>
        <valUSD>959001</valUSD>
        <pctVal>0.0311553148</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHEMICAL WORKS OF GEDEON</name>
        <lei>549300J6ZJW5IH4WEE46</lei>
        <title>CHEMICAL WORKS OF GEDEON</title>
        <cusip>X3124S107</cusip>
        <identifiers>
          <isin value="HU0000123096"/>
          <ticker value="RGEDF"/>
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        <balance>33207</balance>
        <units>NS</units>
        <currencyConditional curCd="HUF" exchangeRt="311.3513"/>
        <valUSD>1285734.83</valUSD>
        <pctVal>0.0417700016</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHANGHAI RAAS BLOOD PRODS</name>
        <lei>N/A</lei>
        <title>SHANGHAI RAAS BLOOD PRODS</title>
        <cusip>Y7687Z100</cusip>
        <identifiers>
          <isin value="CNE100000C31"/>
          <ticker value="002252"/>
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        <balance>94600</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>60567.54</valUSD>
        <pctVal>0.0019676734</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHANDONG HIMILE MECHANICA</name>
        <lei>655600LE14YR05ZRKX68</lei>
        <title>SHANDONG HIMILE MECHANICA</title>
        <cusip>Y767AC109</cusip>
        <identifiers>
          <isin value="CNE1000014X3"/>
          <ticker value="002595"/>
        </identifiers>
        <balance>17110</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>117876.73</valUSD>
        <pctVal>0.0038294920</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA HUISHAN DAIRY HLDGS</name>
        <lei>N/A</lei>
        <title>CHINA HUISHAN DAIRY HLDGS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="0A99MWU"/>
        </identifiers>
        <balance>1922380</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PJSC PHOSAGRO SPNDR GDR</name>
        <lei>25340053KRUNNYUWF472</lei>
        <title>PJSC PHOSAGRO SPNDR GDR</title>
        <cusip>71922G407</cusip>
        <identifiers>
          <isin value="US71922G4073"/>
          <ticker value="2457198D"/>
        </identifiers>
        <balance>224</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHANGHAI RURAL COMMER. BA</name>
        <lei>300300C1122131000095</lei>
        <title>SHANGHAI RURAL COMMER. BA</title>
        <cusip>Y7690Q113</cusip>
        <identifiers>
          <isin value="CNE100004QD7"/>
          <ticker value="601825"/>
        </identifiers>
        <balance>113200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>124963.25</valUSD>
        <pctVal>0.0040597136</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AMERICA MOVIL SAB DE CV</name>
        <lei>5493000FNR3UCEAONM59</lei>
        <title>AMERICA MOVIL SAB DE CV</title>
        <cusip>P0280A192</cusip>
        <identifiers>
          <isin value="MX01AM050019"/>
          <ticker value="AMXOF"/>
        </identifiers>
        <balance>3662368</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.4875"/>
        <valUSD>4760293.05</valUSD>
        <pctVal>0.1546488777</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>DUKHAN BANK</name>
        <lei>254900QN4LRSP4RV8D17</lei>
        <title>DUKHAN BANK</title>
        <cusip>M28189104</cusip>
        <identifiers>
          <isin value="QA000B982PM1"/>
          <ticker value="DUBK"/>
        </identifiers>
        <balance>419647</balance>
        <units>NS</units>
        <currencyConditional curCd="QAR" exchangeRt="3.641"/>
        <valUSD>385812.19</valUSD>
        <pctVal>0.0125339809</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>QA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CICT MOBILE COMMUN TECH C</name>
        <lei>30030034TNZ5SU6CVR28</lei>
        <title>CICT MOBILE COMMUN TECH C</title>
        <cusip>Y1R387102</cusip>
        <identifiers>
          <isin value="CNE100005P31"/>
          <ticker value="688387"/>
        </identifiers>
        <balance>56703</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>166882.43</valUSD>
        <pctVal>0.0054215529</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EUROBANK SA</name>
        <lei>213800KGF4EFNUQKAT69</lei>
        <title>EUROBANK SA</title>
        <cusip>X2379U106</cusip>
        <identifiers>
          <isin value="GRS829003003"/>
          <ticker value="EURBF"/>
        </identifiers>
        <balance>606175</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8751969"/>
        <valUSD>2896712.65</valUSD>
        <pctVal>0.0941062568</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WESTERN MINING CO LTD</name>
        <lei>300300QBV4A9N1NDK519</lei>
        <title>WESTERN MINING CO LTD</title>
        <cusip>Y9535G102</cusip>
        <identifiers>
          <isin value="CNE100000619"/>
          <ticker value="601168"/>
        </identifiers>
        <balance>37500</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>150959.8</valUSD>
        <pctVal>0.0049042703</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KINGNET NETWORK CO LTD</name>
        <lei>N/A</lei>
        <title>KINGNET NETWORK CO LTD</title>
        <cusip>Y8421B102</cusip>
        <identifiers>
          <isin value="CNE100000XB5"/>
          <ticker value="002517"/>
        </identifiers>
        <balance>32000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>76941.13</valUSD>
        <pctVal>0.0024996065</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHANGHAI PUTAILAI NEW CNY</name>
        <lei>N/A</lei>
        <title>SHANGHAI PUTAILAI NEW CNY</title>
        <cusip>Y7T892106</cusip>
        <identifiers>
          <isin value="CNE100002TX3"/>
          <ticker value="603659"/>
        </identifiers>
        <balance>25752</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>110150.21</valUSD>
        <pctVal>0.0035784785</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JL MAG RARE-EARTH CO LTD</name>
        <lei>65560079RZSGJHK7CG66</lei>
        <title>JL MAG RARE-EARTH CO LTD</title>
        <cusip>Y4450G104</cusip>
        <identifiers>
          <isin value="CNE100003G83"/>
          <ticker value="300748"/>
        </identifiers>
        <balance>19100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>87156.22</valUSD>
        <pctVal>0.0028314668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HANGZHOU CHANG CHUAN TECH</name>
        <lei>N/A</lei>
        <title>HANGZHOU CHANG CHUAN TECH</title>
        <cusip>Y3032N108</cusip>
        <identifiers>
          <isin value="CNE100002Q09"/>
          <ticker value="300604"/>
        </identifiers>
        <balance>8800</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>446921.33</valUSD>
        <pctVal>0.0145192494</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF SUZHOU CO LTD</name>
        <lei>300300C1115332000047</lei>
        <title>BANK OF SUZHOU CO LTD</title>
        <cusip>Y0R9AT100</cusip>
        <identifiers>
          <isin value="CNE100003LQ2"/>
          <ticker value="002966"/>
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        <balance>106900</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>109710.15</valUSD>
        <pctVal>0.0035641822</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HD HYUNDAI HEAVY INDUSTRI</name>
        <lei>988400CAR8W9URQLGF30</lei>
        <title>HD HYUNDAI HEAVY INDUSTRI</title>
        <cusip>Y3838M122</cusip>
        <identifiers>
          <isin value="KR7329180004"/>
          <ticker value="A329180"/>
        </identifiers>
        <balance>7450</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>2862854.32</valUSD>
        <pctVal>0.0930062924</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DUBAI ELECTRICITY &amp; WATER</name>
        <lei>213800K4OJF8DKATLT41</lei>
        <title>DUBAI ELECTRICITY &amp; WATER</title>
        <cusip>M2R81J103</cusip>
        <identifiers>
          <isin value="AED001801011"/>
          <ticker value="DEWA"/>
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        <balance>1431094</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.6728"/>
        <valUSD>1081585.11</valUSD>
        <pctVal>0.0351377366</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SCB X PCL NVDR</name>
        <lei>254900TG41KIWX7VDO42</lei>
        <title>SCB X PCL NVDR</title>
        <cusip>Y8620D438</cusip>
        <identifiers>
          <isin value="THA790010R17"/>
          <ticker value="SCXBF"/>
        </identifiers>
        <balance>54476</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.2205"/>
        <valUSD>243481.78</valUSD>
        <pctVal>0.0079100559</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SUPCON TECHNOLOGY</name>
        <lei>836800CSSWUYIZYJGO52</lei>
        <title>SUPCON TECHNOLOGY</title>
        <cusip>Y989TE105</cusip>
        <identifiers>
          <isin value="CNE100005D92"/>
          <ticker value="688777"/>
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        <balance>8381</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>145848.89</valUSD>
        <pctVal>0.0047382308</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DAZHONG MINING CO LTD</name>
        <lei>N/A</lei>
        <title>DAZHONG MINING CO LTD</title>
        <cusip>Y4R83D107</cusip>
        <identifiers>
          <isin value="CNE100004JY8"/>
          <ticker value="001203"/>
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        <balance>24400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>107891.77</valUSD>
        <pctVal>0.0035051080</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ADES HLDG. CO</name>
        <lei>98450075A96DF4FE9813</lei>
        <title>ADES HLDG. CO</title>
        <cusip>M0183W104</cusip>
        <identifiers>
          <isin value="SA55SG6H5716"/>
          <ticker value="2382"/>
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        <balance>73467</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>364120.77</valUSD>
        <pctVal>0.0118292861</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HONGQIAO HOLDINGS</name>
        <lei>N/A</lei>
        <title>HONGQIAO HOLDINGS</title>
        <cusip>Y7683V103</cusip>
        <identifiers>
          <isin value="CNE100000MW4"/>
          <ticker value="002379"/>
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        <balance>50900</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>111222.46</valUSD>
        <pctVal>0.0036133130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AXIA ENERGIA</name>
        <lei>254900I8KYDELP4B4Z08</lei>
        <title>AXIA ENERGIA</title>
        <cusip>P22835113</cusip>
        <identifiers>
          <isin value="BRAXIAACNOR0"/>
          <ticker value="AXIA3"/>
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        <balance>309425.1</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>3258904.5</valUSD>
        <pctVal>0.1058728776</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>SOCIEDAD QUIMICA Y MINERA</name>
        <lei>TJ88LXZZW5PWIN93ZC81</lei>
        <title>SOCIEDAD QUIMICA Y MINERA</title>
        <cusip>P8716X108</cusip>
        <identifiers>
          <isin value="CLP8716X1082"/>
          <ticker value="SQCAF"/>
        </identifiers>
        <balance>33925</balance>
        <units>PA</units>
        <currencyConditional curCd="CLP" exchangeRt="921.965"/>
        <valUSD>2518714.11</valUSD>
        <pctVal>0.0818261200</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</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>GERDAU SA</name>
        <lei>254900YDV6SEQQPZVG24</lei>
        <title>GERDAU SA</title>
        <cusip>P2867P113</cusip>
        <identifiers>
          <isin value="BRGGBRACNPR8"/>
          <ticker value="GGBUF"/>
        </identifiers>
        <balance>318046</balance>
        <units>PA</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>1281474.69</valUSD>
        <pctVal>0.0416316013</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>INNER MONGOLIA DIAN TOU E</name>
        <lei>N/A</lei>
        <title>INNER MONGOLIA DIAN TOU E</title>
        <cusip>Y3772Z105</cusip>
        <identifiers>
          <isin value="CNE100000098"/>
          <ticker value="002128"/>
        </identifiers>
        <balance>29200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>99488.44</valUSD>
        <pctVal>0.0032321068</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NI US GOV T PORTFOLIO</name>
        <lei>549300Y178DO5JBR1S04</lei>
        <title>NI US GOV T PORTFOLIO</title>
        <cusip>665278404</cusip>
        <identifiers>
          <isin value="US6652784041"/>
          <ticker value="BNGXX"/>
        </identifiers>
        <balance>40740020.95</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>40740020.95</valUSD>
        <pctVal>1.3235316501</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>SENSETIME GRP INC USD0.00</name>
        <lei>N/A</lei>
        <title>SENSETIME GRP INC USD0.00</title>
        <cusip>G8062L104</cusip>
        <identifiers>
          <isin value="KYG8062L1041"/>
          <ticker value="SNTMF"/>
        </identifiers>
        <balance>6744000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>1159502.28</valUSD>
        <pctVal>0.0376690520</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KANGMEI DUMMY LINE</name>
        <lei>N/A</lei>
        <title>KANGMEI DUMMY LINE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="2AY7DSU"/>
        </identifiers>
        <balance>4694</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TATA STEEL LTD</name>
        <lei>335800E6C75YGSGD5T66</lei>
        <title>TATA STEEL LTD</title>
        <cusip>Y8547N220</cusip>
        <identifiers>
          <isin value="INE081A01020"/>
          <ticker value="TATASTEEL"/>
        </identifiers>
        <balance>1799862</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>3594429.31</valUSD>
        <pctVal>0.1167731593</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DOSILICON CO LTD</name>
        <lei>N/A</lei>
        <title>DOSILICON CO LTD</title>
        <cusip>Y2104F100</cusip>
        <identifiers>
          <isin value="CNE1000055X6"/>
          <ticker value="688110"/>
        </identifiers>
        <balance>6957</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>210666.62</valUSD>
        <pctVal>0.0068439812</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHARETRONIC DATA TECHNOLO</name>
        <lei>N/A</lei>
        <title>SHARETRONIC DATA TECHNOLO</title>
        <cusip>Y7T0JR107</cusip>
        <identifiers>
          <isin value="CNE100004173"/>
          <ticker value="300857"/>
        </identifiers>
        <balance>6720</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>340264.85</valUSD>
        <pctVal>0.0110542726</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SICHUAN KELUN-BIOTECH BIO</name>
        <lei>N/A</lei>
        <title>SICHUAN KELUN-BIOTECH BIO</title>
        <cusip>Y793HA102</cusip>
        <identifiers>
          <isin value="CNE1000062J1"/>
          <ticker value="SKBHF"/>
        </identifiers>
        <balance>14000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>780891.13</valUSD>
        <pctVal>0.0253690131</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANGLOGOLD ASHANTI PLC</name>
        <lei>2138005YDSA7A82RNU96</lei>
        <title>ANGLOGOLD ASHANTI PLC</title>
        <cusip>G0378L100</cusip>
        <identifiers>
          <isin value="GB00BRXH2664"/>
          <ticker value="AU"/>
        </identifiers>
        <balance>121384</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.38"/>
        <valUSD>9814567</valUSD>
        <pctVal>0.3188483892</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNITED NOVA TECH CO LTD A</name>
        <lei>N/A</lei>
        <title>UNITED NOVA TECH CO LTD A</title>
        <cusip>Y7T7U2104</cusip>
        <identifiers>
          <isin value="CNE1000060N7"/>
          <ticker value="688469"/>
        </identifiers>
        <balance>116477</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>183415.98</valUSD>
        <pctVal>0.0059586826</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUA HONG GRACE SEMICONDUC</name>
        <lei>529900OXH3ZYLIMGB907</lei>
        <title>HUA HONG GRACE SEMICONDUC</title>
        <cusip>Y3740G106</cusip>
        <identifiers>
          <isin value="CNE100006M90"/>
          <ticker value="688347"/>
        </identifiers>
        <balance>5911</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>299259.96</valUSD>
        <pctVal>0.0097221361</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUZHOU CENTEC COMMUNICATI</name>
        <lei>N/A</lei>
        <title>SUZHOU CENTEC COMMUNICATI</title>
        <cusip>Y831RS100</cusip>
        <identifiers>
          <isin value="CNE100006DD0"/>
          <ticker value="688702"/>
        </identifiers>
        <balance>4525</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.79075"/>
        <valUSD>262632.61</valUSD>
        <pctVal>0.0085322139</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VEDANTA ALUMINIUM METAL L</name>
        <lei>335800NL21ZO4I8KAA12</lei>
        <title>VEDANTA ALUMINIUM METAL L</title>
        <cusip>Y936VB109</cusip>
        <identifiers>
          <isin value="INE1CDF01017"/>
          <ticker value="VAML"/>
        </identifiers>
        <balance>321576</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1523514.44</valUSD>
        <pctVal>0.0494948096</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>YUNNAN YUNTIANHUA CO LTD</name>
        <lei>N/A</lei>
        <title>YUNNAN YUNTIANHUA CO LTD</title>
        <cusip>Y9882C100</cusip>
        <identifiers>
          <isin value="CNE000000S01"/>
          <ticker value="YNYUF"/>
        </identifiers>
        <balance>22300</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>99941.6</valUSD>
        <pctVal>0.0032468287</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GANFENG LITHIUM GROUP CO</name>
        <lei>3003006BE6UOHWEOOR42</lei>
        <title>GANFENG LITHIUM GROUP CO</title>
        <cusip>Y2690M105</cusip>
        <identifiers>
          <isin value="CNE1000031W9"/>
          <ticker value="GNENF"/>
        </identifiers>
        <balance>118800</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>766162.86</valUSD>
        <pctVal>0.0248905320</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAUDI ARABIAN OIL COMPANY</name>
        <lei>5586006WD91QHB7J4X50</lei>
        <title>SAUDI ARABIAN OIL COMPANY</title>
        <cusip>M8237R104</cusip>
        <identifiers>
          <isin value="SA14TG012N13"/>
          <ticker value="2222"/>
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        <balance>1440365</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>10002532.09</valUSD>
        <pctVal>0.3249548600</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>XP INC</name>
        <lei>5493008KDA8NBZRJST80</lei>
        <title>XP INC</title>
        <cusip>G98239109</cusip>
        <identifiers>
          <isin value="KYG982391099"/>
          <ticker value="XP"/>
        </identifiers>
        <balance>93745</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1524293.7</valUSD>
        <pctVal>0.0495201256</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>GEOVIS TECH. CO LTD</name>
        <lei>N/A</lei>
        <title>GEOVIS TECH. CO LTD</title>
        <cusip>Y2S0VH107</cusip>
        <identifiers>
          <isin value="CNE100005584"/>
          <ticker value="688568"/>
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        <balance>13496</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>82836.21</valUSD>
        <pctVal>0.0026911215</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SALIK CO PJSC</name>
        <lei>N/A</lei>
        <title>SALIK CO PJSC</title>
        <cusip>M8T22K107</cusip>
        <identifiers>
          <isin value="AEE01110S227"/>
          <ticker value="SALIK"/>
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        <balance>451438</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.6728"/>
        <valUSD>726422.29</valUSD>
        <pctVal>0.0235994698</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AFR</name>
        <lei>N/A</lei>
        <title>AFR</title>
        <cusip>Y001B2104</cusip>
        <identifiers>
          <isin value="CNE100002PK8"/>
          <ticker value="300620"/>
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        <balance>3900</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>222211.71</valUSD>
        <pctVal>0.0072190496</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PIOTECH INC CNY</name>
        <lei>N/A</lei>
        <title>PIOTECH INC CNY</title>
        <cusip>Y6S9PP108</cusip>
        <identifiers>
          <isin value="CNE100005998"/>
          <ticker value="688072"/>
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        <balance>4201</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>540750.31</valUSD>
        <pctVal>0.0175674959</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GUOBO ELECTRONICS CO LTD</name>
        <lei>N/A</lei>
        <title>GUOBO ELECTRONICS CO LTD</title>
        <cusip>Y2R5GT108</cusip>
        <identifiers>
          <isin value="CNE100005Q55"/>
          <ticker value="688375"/>
        </identifiers>
        <balance>6383</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>98600.48</valUSD>
        <pctVal>0.0032032594</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SICHUAN HUAFENG TECHNOLOG</name>
        <lei>N/A</lei>
        <title>SICHUAN HUAFENG TECHNOLOG</title>
        <cusip>Y793L3103</cusip>
        <identifiers>
          <isin value="CNE100006KM6"/>
          <ticker value="688629"/>
        </identifiers>
        <balance>8821</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>246599.84</valUSD>
        <pctVal>0.0080113531</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAMSUNG EPISHOLDINGS CO L</name>
        <lei>N/A</lei>
        <title>SAMSUNG EPISHOLDINGS CO L</title>
        <cusip>Y7T8G4104</cusip>
        <identifiers>
          <isin value="KR70126Z0002"/>
          <ticker value="A0126Z0"/>
        </identifiers>
        <balance>1387</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>387705.38</valUSD>
        <pctVal>0.0125954855</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANHUI JIANGHUAI AUTOMOBIL</name>
        <lei>300300KQABCMFKN2E931</lei>
        <title>ANHUI JIANGHUAI AUTOMOBIL</title>
        <cusip>Y0141C106</cusip>
        <identifiers>
          <isin value="CNE0000018M9"/>
          <ticker value="600418"/>
        </identifiers>
        <balance>31500</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>120311.88</valUSD>
        <pctVal>0.0039086033</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>XIAMEN TUNGSTEN CO LTD</name>
        <lei>300300SEC2FOC4PL5N49</lei>
        <title>XIAMEN TUNGSTEN CO LTD</title>
        <cusip>Y6454T107</cusip>
        <identifiers>
          <isin value="CNE000001D15"/>
          <ticker value="600549"/>
        </identifiers>
        <balance>21200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>267925.6</valUSD>
        <pctVal>0.0087041686</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TIANSHUI HUATIAN TECH. CO</name>
        <lei>N/A</lei>
        <title>TIANSHUI HUATIAN TECH. CO</title>
        <cusip>Y8817B104</cusip>
        <identifiers>
          <isin value="CNE100000825"/>
          <ticker value="002185"/>
        </identifiers>
        <balance>46700</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>155707.28</valUSD>
        <pctVal>0.0050585029</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOTION HIGH-TECH CO LTD</name>
        <lei>300300J1NKV8ZBF0KN15</lei>
        <title>GOTION HIGH-TECH CO LTD</title>
        <cusip>Y4439F110</cusip>
        <identifiers>
          <isin value="CNE000001NY7"/>
          <ticker value="002074"/>
        </identifiers>
        <balance>24200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>98454.74</valUSD>
        <pctVal>0.0031985247</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EOPTOLINK TECH. LTD</name>
        <lei>N/A</lei>
        <title>EOPTOLINK TECH. LTD</title>
        <cusip>Y2303H105</cusip>
        <identifiers>
          <isin value="CNE100002615"/>
          <ticker value="300502"/>
        </identifiers>
        <balance>20328</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>1835185.49</valUSD>
        <pctVal>0.0596201480</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SIBANYE STILLWATER LTD</name>
        <lei>378900F238434B74D281</lei>
        <title>SIBANYE STILLWATER LTD</title>
        <cusip>S7627K103</cusip>
        <identifiers>
          <isin value="ZAE000259701"/>
          <ticker value="SBYSF"/>
        </identifiers>
        <balance>677057</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.38"/>
        <valUSD>1434825.56</valUSD>
        <pctVal>0.0466135509</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HENAN SHENHUO COAL &amp; POWE</name>
        <lei>300300GF8XK44CSHXV64</lei>
        <title>HENAN SHENHUO COAL &amp; POWE</title>
        <cusip>Y3122G104</cusip>
        <identifiers>
          <isin value="CNE000001097"/>
          <ticker value="HENNF"/>
        </identifiers>
        <balance>34200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>106738.51</valUSD>
        <pctVal>0.0034676417</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMLOGIC SHANGHAI CO LTD</name>
        <lei>N/A</lei>
        <title>AMLOGIC SHANGHAI CO LTD</title>
        <cusip>Y009AJ101</cusip>
        <identifiers>
          <isin value="CNE100003LZ3"/>
          <ticker value="688099"/>
        </identifiers>
        <balance>6175</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>94282.55</valUSD>
        <pctVal>0.0030629817</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NINGBO DEYE TECH CORP CNY</name>
        <lei>N/A</lei>
        <title>NINGBO DEYE TECH CORP CNY</title>
        <cusip>Y6368K101</cusip>
        <identifiers>
          <isin value="CNE1000052S3"/>
          <ticker value="605117"/>
        </identifiers>
        <balance>15587</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>244170.12</valUSD>
        <pctVal>0.0079324182</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZHUZHOU CRRC TIMES ELEC.</name>
        <lei>529900PLNH7NQLN00B53</lei>
        <title>ZHUZHOU CRRC TIMES ELEC.</title>
        <cusip>Y9892N112</cusip>
        <identifiers>
          <isin value="CNE100004QK2"/>
          <ticker value="688187"/>
        </identifiers>
        <balance>8349</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>84822.7</valUSD>
        <pctVal>0.0027556571</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOTO GOJEK TOKOPEDIA TBK</name>
        <lei>254900MT2CH1Y5Y7OX69</lei>
        <title>GOTO GOJEK TOKOPEDIA TBK</title>
        <cusip>Y2732C107</cusip>
        <identifiers>
          <isin value="ID1000166903"/>
          <ticker value="GTOFF"/>
        </identifiers>
        <balance>223238232</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="17880"/>
        <valUSD>625682.58</valUSD>
        <pctVal>0.0203267126</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DAJIN HEAVY IND. CO LTD</name>
        <lei>N/A</lei>
        <title>DAJIN HEAVY IND. CO LTD</title>
        <cusip>Y1964N104</cusip>
        <identifiers>
          <isin value="CNE100000VV7"/>
          <ticker value="002487"/>
        </identifiers>
        <balance>10100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>86560.17</valUSD>
        <pctVal>0.0028121027</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JIO FINL. SERVS. LTD</name>
        <lei>3358003O268Q1OGBQR42</lei>
        <title>JIO FINL. SERVS. LTD</title>
        <cusip>Y7S377109</cusip>
        <identifiers>
          <isin value="INE758E01017"/>
          <ticker value="JIOFIN"/>
        </identifiers>
        <balance>692588</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1739813.65</valUSD>
        <pctVal>0.0565217783</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ADNOC GAS PLC</name>
        <lei>254900O5NS03BDOOM362</lei>
        <title>ADNOC GAS PLC</title>
        <cusip>M0R823101</cusip>
        <identifiers>
          <isin value="AEE01195A234"/>
          <ticker value="ADNOCGAS"/>
        </identifiers>
        <balance>1728880</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.6728"/>
        <valUSD>1619878.09</valUSD>
        <pctVal>0.0526254006</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CAMBRICON TECHS. CORP LTD</name>
        <lei>N/A</lei>
        <title>CAMBRICON TECHS. CORP LTD</title>
        <cusip>Y10823105</cusip>
        <identifiers>
          <isin value="CNE1000041R8"/>
          <ticker value="688256"/>
        </identifiers>
        <balance>9039</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>2140575.42</valUSD>
        <pctVal>0.0695414301</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHENGYI ELECTRONICS CO LT</name>
        <lei>N/A</lei>
        <title>SHENGYI ELECTRONICS CO LT</title>
        <cusip>Y774JL106</cusip>
        <identifiers>
          <isin value="CNE100005428"/>
          <ticker value="688183"/>
        </identifiers>
        <balance>9600</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>190170.09</valUSD>
        <pctVal>0.0061781051</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HENAN SHIJIA PHOTONS TECH</name>
        <lei>N/A</lei>
        <title>HENAN SHIJIA PHOTONS TECH</title>
        <cusip>Y3R2R5103</cusip>
        <identifiers>
          <isin value="CNE100004454"/>
          <ticker value="688313"/>
        </identifiers>
        <balance>7800</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>214674.39</valUSD>
        <pctVal>0.0069741827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HON PRECISION INC</name>
        <lei>N/A</lei>
        <title>HON PRECISION INC</title>
        <cusip>Y3699E102</cusip>
        <identifiers>
          <isin value="TW0007769002"/>
          <ticker value="7769"/>
        </identifiers>
        <balance>19512</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>4033087.07</valUSD>
        <pctVal>0.1310239480</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MBRF GBL. FOODS SA</name>
        <lei>391200219USWMOBN3F92</lei>
        <title>MBRF GBL. FOODS SA</title>
        <cusip>P64386181</cusip>
        <identifiers>
          <isin value="BRMBRFACNOR1"/>
          <ticker value="MBRF3"/>
        </identifiers>
        <balance>149646</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>510193.05</valUSD>
        <pctVal>0.0165747742</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>BIWIN STORAGE TECH. CO LT</name>
        <lei>N/A</lei>
        <title>BIWIN STORAGE TECH. CO LT</title>
        <cusip>Y0907V108</cusip>
        <identifiers>
          <isin value="CNE100005VN3"/>
          <ticker value="688525"/>
        </identifiers>
        <balance>7202</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>541021.68</valUSD>
        <pctVal>0.0175763119</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COSCO SHIPPING ENGY TPT C</name>
        <lei>529900IGB8FVHRCR1W95</lei>
        <title>COSCO SHIPPING ENGY TPT C</title>
        <cusip>Y1503Y124</cusip>
        <identifiers>
          <isin value="CNE000001BD6"/>
          <ticker value="CSDJF"/>
        </identifiers>
        <balance>75500</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>199594.39</valUSD>
        <pctVal>0.0064842748</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA XD ELEC. CO LTD</name>
        <lei>300300HKOTURRVW8R464</lei>
        <title>CHINA XD ELEC. CO LTD</title>
        <cusip>Y1565A105</cusip>
        <identifiers>
          <isin value="CNE100000KW8"/>
          <ticker value="601179"/>
        </identifiers>
        <balance>84400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>186634.61</valUSD>
        <pctVal>0.0060632471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ALKEM LABS. LTD</name>
        <lei>335800GCAE5WIF4PSG69</lei>
        <title>ALKEM LABS. LTD</title>
        <cusip>Y0R6P5102</cusip>
        <identifiers>
          <isin value="INE540L01014"/>
          <ticker value="ALKEM"/>
        </identifiers>
        <balance>9751</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>576370.5</valUSD>
        <pctVal>0.0187246982</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WUHAN GUIDE INFRARED CO L</name>
        <lei>3003008240B1DJP5FT46</lei>
        <title>WUHAN GUIDE INFRARED CO L</title>
        <cusip>Y97082104</cusip>
        <identifiers>
          <isin value="CNE100000RK8"/>
          <ticker value="002414"/>
        </identifiers>
        <balance>42825</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>84072.73</valUSD>
        <pctVal>0.0027312926</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BAIYIN NONFERROUS GROUP C</name>
        <lei>3003000UG92IRWM5LQ12</lei>
        <title>BAIYIN NONFERROUS GROUP C</title>
        <cusip>Y8077W103</cusip>
        <identifiers>
          <isin value="CNE100002RP3"/>
          <ticker value="601212"/>
        </identifiers>
        <balance>115400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>86382.52</valUSD>
        <pctVal>0.0028063314</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NINGBO ORIENT WIRES &amp; CAB</name>
        <lei>N/A</lei>
        <title>NINGBO ORIENT WIRES &amp; CAB</title>
        <cusip>Y6365U102</cusip>
        <identifiers>
          <isin value="CNE100001T23"/>
          <ticker value="603606"/>
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        <balance>11040</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>67533.86</valUSD>
        <pctVal>0.0021939901</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JD LOGISTICS INC</name>
        <lei>655600LWTFVMV3E2A890</lei>
        <title>JD LOGISTICS INC</title>
        <cusip>G5074S101</cusip>
        <identifiers>
          <isin value="KYG5074S1012"/>
          <ticker value="JDLGF"/>
        </identifiers>
        <balance>428100</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>643107.63</valUSD>
        <pctVal>0.0208928047</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ONE 97 COMMS. LTD</name>
        <lei>335800ZRHU5J6GSTMI23</lei>
        <title>ONE 97 COMMS. LTD</title>
        <cusip>Y6425F111</cusip>
        <identifiers>
          <isin value="INE982J01020"/>
          <ticker value="PAYTM"/>
        </identifiers>
        <balance>88907</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1080131.83</valUSD>
        <pctVal>0.0350905235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANKER INNOVATIONS TECH. C</name>
        <lei>N/A</lei>
        <title>ANKER INNOVATIONS TECH. C</title>
        <cusip>Y01425100</cusip>
        <identifiers>
          <isin value="CNE1000047B9"/>
          <ticker value="300866"/>
        </identifiers>
        <balance>10130</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>156462.28</valUSD>
        <pctVal>0.0050830308</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ACWA POWER CO</name>
        <lei>558600Y0TFKRV2QZ1A74</lei>
        <title>ACWA POWER CO</title>
        <cusip>M529AL106</cusip>
        <identifiers>
          <isin value="SA15CGS10H12"/>
          <ticker value="ACWA"/>
        </identifiers>
        <balance>54809</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>2833618.42</valUSD>
        <pctVal>0.0920564982</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EASTROC BEVERAGE GRP. CO</name>
        <lei>836800LQ338417RCIL29</lei>
        <title>EASTROC BEVERAGE GRP. CO</title>
        <cusip>Y2234Q109</cusip>
        <identifiers>
          <isin value="CNE100005576"/>
          <ticker value="605499"/>
        </identifiers>
        <balance>9516</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>173312.58</valUSD>
        <pctVal>0.0056304508</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GIANT BIOGENE HLDG. CO LT</name>
        <lei>391200HMPBKVFGL0V252</lei>
        <title>GIANT BIOGENE HLDG. CO LT</title>
        <cusip>G3887G109</cusip>
        <identifiers>
          <isin value="KYG3887G1091"/>
          <ticker value="GBHCF"/>
        </identifiers>
        <balance>86800</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>294435.34</valUSD>
        <pctVal>0.0095653974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="293315.980000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>JINKO SOLAR CO LTD</name>
        <lei>300300RHCPJNG9KTKT10</lei>
        <title>JINKO SOLAR CO LTD</title>
        <cusip>Y4S532106</cusip>
        <identifiers>
          <isin value="CNE100005R96"/>
          <ticker value="688223"/>
        </identifiers>
        <balance>139783</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>98171.34</valUSD>
        <pctVal>0.0031893178</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EVERPROX TECHNOLOGIES CO</name>
        <lei>N/A</lei>
        <title>EVERPROX TECHNOLOGIES CO</title>
        <cusip>Y0978B106</cusip>
        <identifiers>
          <isin value="CNE100002D38"/>
          <ticker value="300548"/>
        </identifiers>
        <balance>4300</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>178021.65</valUSD>
        <pctVal>0.0057834356</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHENZHEN LONGSYS ELECTRON</name>
        <lei>N/A</lei>
        <title>SHENZHEN LONGSYS ELECTRON</title>
        <cusip>Y774KY106</cusip>
        <identifiers>
          <isin value="CNE100005K10"/>
          <ticker value="301308"/>
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        <balance>6300</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>671108.65</valUSD>
        <pctVal>0.0218024812</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>POLYMETAL INTL. PLC</name>
        <lei>213800JKJ5HJWYS4GR61</lei>
        <title>POLYMETAL INTL. PLC</title>
        <cusip>G7179S101</cusip>
        <identifiers>
          <isin value="JE00B6T5S470"/>
          <ticker value="POYYF"/>
        </identifiers>
        <balance>97434</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>789215.4</valUSD>
        <pctVal>0.0256394458</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KZ</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PIRAEUS BANK SA</name>
        <lei>213800OYHR1MPQ5VJL60</lei>
        <title>PIRAEUS BANK SA</title>
        <cusip>X5S2FJ101</cusip>
        <identifiers>
          <isin value="GRS831003009"/>
          <ticker value="PIRBF"/>
        </identifiers>
        <balance>265229</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8751969"/>
        <valUSD>2763532.5</valUSD>
        <pctVal>0.0897795987</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SKYVERSE TECH. CO LTD</name>
        <lei>N/A</lei>
        <title>SKYVERSE TECH. CO LTD</title>
        <cusip>Y806WC101</cusip>
        <identifiers>
          <isin value="CNE100005ZD5"/>
          <ticker value="688361"/>
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        <balance>5946</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>379371.38</valUSD>
        <pctVal>0.0123247366</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WINTIME ENERGY GRP. CO LT</name>
        <lei>300300W8M7JY3INMAS32</lei>
        <title>WINTIME ENERGY GRP. CO LT</title>
        <cusip>Y9649L104</cusip>
        <identifiers>
          <isin value="CNE000000WD4"/>
          <ticker value="600157"/>
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        <balance>307400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>72960.68</valUSD>
        <pctVal>0.0023702926</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHONGQING AFARI TECHNOLOG</name>
        <lei>N/A</lei>
        <title>CHONGQING AFARI TECHNOLOG</title>
        <cusip>Y52761106</cusip>
        <identifiers>
          <isin value="CNE100000X10"/>
          <ticker value="601777"/>
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        <balance>65200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>78734.76</valUSD>
        <pctVal>0.0025578766</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHANGCHUN HIGH &amp; NEW TECH</name>
        <lei>300300X04OTKZG18WD66</lei>
        <title>CHANGCHUN HIGH &amp; NEW TECH</title>
        <cusip>Y1293Q109</cusip>
        <identifiers>
          <isin value="CNE0000007J8"/>
          <ticker value="000661"/>
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        <balance>5100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>50145.58</valUSD>
        <pctVal>0.0016290925</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHOLAMANDALAM INV. AND FI</name>
        <lei>3358008DNPV45O4EII52</lei>
        <title>CHOLAMANDALAM INV. AND FI</title>
        <cusip>Y1R849143</cusip>
        <identifiers>
          <isin value="INE121A01024"/>
          <ticker value="CHOLAFIN"/>
        </identifiers>
        <balance>104897</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1995831.72</valUSD>
        <pctVal>0.0648391039</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JIANG SU ETERN CO.LTD A</name>
        <lei>N/A</lei>
        <title>JIANG SU ETERN CO.LTD A</title>
        <cusip>Y4444E108</cusip>
        <identifiers>
          <isin value="CNE000000T83"/>
          <ticker value="600105"/>
        </identifiers>
        <balance>21400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>214877.16</valUSD>
        <pctVal>0.0069807701</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OUTSURANCE GRP. LTD</name>
        <lei>984500AC307E8L2D9X52</lei>
        <title>OUTSURANCE GRP. LTD</title>
        <cusip>S6815J126</cusip>
        <identifiers>
          <isin value="ZAE000314084"/>
          <ticker value="RMRHF"/>
        </identifiers>
        <balance>209973</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.38"/>
        <valUSD>1007459.64</valUSD>
        <pctVal>0.0327296032</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HAINAN AIRPORT INFRA. CO</name>
        <lei>N/A</lei>
        <title>HAINAN AIRPORT INFRA. CO</title>
        <cusip>Y2982H103</cusip>
        <identifiers>
          <isin value="CNE000001C32"/>
          <ticker value="600515"/>
        </identifiers>
        <balance>122100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>49423.71</valUSD>
        <pctVal>0.0016056409</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ROBOTECHNIK INTELLIGENT T</name>
        <lei>N/A</lei>
        <title>ROBOTECHNIK INTELLIGENT T</title>
        <cusip>Y7S059103</cusip>
        <identifiers>
          <isin value="CNE100003JT0"/>
          <ticker value="300757"/>
        </identifiers>
        <balance>2600</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>239787.89</valUSD>
        <pctVal>0.0077900515</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HUNAN YUNENG NEW ENGY BAT</name>
        <lei>N/A</lei>
        <title>HUNAN YUNENG NEW ENGY BAT</title>
        <cusip>Y376AT102</cusip>
        <identifiers>
          <isin value="CNE100005YS6"/>
          <ticker value="301358"/>
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        <balance>13700</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>153621.67</valUSD>
        <pctVal>0.0049907471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HINDUSTAN AERONAUTICS LTD</name>
        <lei>335800AKDC7T933T3I86</lei>
        <title>HINDUSTAN AERONAUTICS LTD</title>
        <cusip>Y3199R124</cusip>
        <identifiers>
          <isin value="INE066F01020"/>
          <ticker value="HAL"/>
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        <balance>40527</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1882895.1</valUSD>
        <pctVal>0.0611701025</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YUANJIE SEMICONDUCTOR TEC</name>
        <lei>N/A</lei>
        <title>YUANJIE SEMICONDUCTOR TEC</title>
        <cusip>Y9859N105</cusip>
        <identifiers>
          <isin value="CNE100005VF9"/>
          <ticker value="688498"/>
        </identifiers>
        <balance>1947</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>551696.52</valUSD>
        <pctVal>0.0179231082</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ADANI POWER LTD</name>
        <lei>33580074T4XKFXBDG813</lei>
        <title>ADANI POWER LTD</title>
        <cusip>Y0R130157</cusip>
        <identifiers>
          <isin value="INE814H01029"/>
          <ticker value="ADANIPOWER"/>
        </identifiers>
        <balance>717025</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1707216.21</valUSD>
        <pctVal>0.0554627768</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZIJIN GOLD INTL. CO LTD</name>
        <lei>254900FINUJR4MZ8A417</lei>
        <title>ZIJIN GOLD INTL. CO LTD</title>
        <cusip>Y990DL104</cusip>
        <identifiers>
          <isin value="HK0001200002"/>
          <ticker value="ZJNGF"/>
        </identifiers>
        <balance>85800</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>972873.02</valUSD>
        <pctVal>0.0316059787</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AXIA ENERGIA SA PRF</name>
        <lei>254900I8KYDELP4B4Z08</lei>
        <title>AXIA ENERGIA SA PRF</title>
        <cusip>P2R16K388</cusip>
        <identifiers>
          <isin value="BRAXIAA01PC0"/>
          <ticker value="AXIA11"/>
        </identifiers>
        <balance>84</balance>
        <units>PA</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>846.13</valUSD>
        <pctVal>0.0000274884</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WOLONG ELECTRIC GROUP CO</name>
        <lei>3003000IXRHG37CWAL12</lei>
        <title>WOLONG ELECTRIC GROUP CO</title>
        <cusip>Y9891E105</cusip>
        <identifiers>
          <isin value="CNE000001BJ3"/>
          <ticker value="600580"/>
        </identifiers>
        <balance>22200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>108652.52</valUSD>
        <pctVal>0.0035298227</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DATANG INTL. POWER GENERA</name>
        <lei>213800VW156IS7SJUL96</lei>
        <title>DATANG INTL. POWER GENERA</title>
        <cusip>Y20020122</cusip>
        <identifiers>
          <isin value="CNE000001Q02"/>
          <ticker value="DIPFF"/>
        </identifiers>
        <balance>170500</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>177883.34</valUSD>
        <pctVal>0.0057789423</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HEBEI CHANGSHAN BIOCHEMIC</name>
        <lei>836800E53822RNN6OA77</lei>
        <title>HEBEI CHANGSHAN BIOCHEMIC</title>
        <cusip>Y31202107</cusip>
        <identifiers>
          <isin value="CNE1000016C2"/>
          <ticker value="300255"/>
        </identifiers>
        <balance>14600</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>50468.71</valUSD>
        <pctVal>0.0016395901</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YANGTZE OPTICAL FIBRE AND</name>
        <lei>836800VT7MZILX431W47</lei>
        <title>YANGTZE OPTICAL FIBRE AND</title>
        <cusip>Y9737F118</cusip>
        <identifiers>
          <isin value="CNE1000036B2"/>
          <ticker value="601869"/>
        </identifiers>
        <balance>5400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>438661.76</valUSD>
        <pctVal>0.0142509186</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ROCKCHIP ELECTNCS. CO LTD</name>
        <lei>8368002HC3QUMAKOPK03</lei>
        <title>ROCKCHIP ELECTNCS. CO LTD</title>
        <cusip>Y267F4103</cusip>
        <identifiers>
          <isin value="CNE100003RK2"/>
          <ticker value="603893"/>
        </identifiers>
        <balance>5800</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>163016.97</valUSD>
        <pctVal>0.0052959747</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUBEI FEILIHUA QUARTZ GLA</name>
        <lei>300300D7Q9Z0S7B25G79</lei>
        <title>HUBEI FEILIHUA QUARTZ GLA</title>
        <cusip>Y374C6105</cusip>
        <identifiers>
          <isin value="CNE100001XR9"/>
          <ticker value="300395"/>
        </identifiers>
        <balance>8300</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>164975.99</valUSD>
        <pctVal>0.0053596179</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SINOMINE RESOURCE GRP. CO</name>
        <lei>N/A</lei>
        <title>SINOMINE RESOURCE GRP. CO</title>
        <cusip>Y80027108</cusip>
        <identifiers>
          <isin value="CNE100001WV3"/>
          <ticker value="002738"/>
        </identifiers>
        <balance>12600</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>109546.43</valUSD>
        <pctVal>0.0035588633</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SCB X PCL</name>
        <lei>254900TG41KIWX7VDO42</lei>
        <title>SCB X PCL</title>
        <cusip>Y753YV101</cusip>
        <identifiers>
          <isin value="THA790010013"/>
          <ticker value="SCB-F"/>
        </identifiers>
        <balance>145800</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.2205"/>
        <valUSD>649550.73</valUSD>
        <pctVal>0.0211021234</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TRUE CORP PCL</name>
        <lei>894500HQD71STX0DQK07</lei>
        <title>TRUE CORP PCL</title>
        <cusip>Y8620E683</cusip>
        <identifiers>
          <isin value="THB231010R11"/>
          <ticker value="TRUE-R"/>
        </identifiers>
        <balance>2548423</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.2205"/>
        <valUSD>996848.1</valUSD>
        <pctVal>0.0323848633</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHANNON SEMICONDUCTOR TEC</name>
        <lei>N/A</lei>
        <title>SHANNON SEMICONDUCTOR TEC</title>
        <cusip>Y013B9104</cusip>
        <identifiers>
          <isin value="CNE1000020T8"/>
          <ticker value="300475"/>
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        <balance>7100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>322293.48</valUSD>
        <pctVal>0.0104704321</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ADNOC LOGISTICS &amp; SERVICE</name>
        <lei>254900CIXQYSEOFXAB16</lei>
        <title>ADNOC LOGISTICS &amp; SERVICE</title>
        <cusip>M0R824109</cusip>
        <identifiers>
          <isin value="AEE01268A239"/>
          <ticker value="ADNOCLS"/>
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        <balance>428315</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.6728"/>
        <valUSD>703103.22</valUSD>
        <pctVal>0.0228418971</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MULTI CMDTY. EXCHANGE OF</name>
        <lei>254900BTZEPM27IOAM68</lei>
        <title>MULTI CMDTY. EXCHANGE OF</title>
        <cusip>Y5S057135</cusip>
        <identifiers>
          <isin value="INE745G01043"/>
          <ticker value="MCX"/>
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        <balance>30702</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>925522.02</valUSD>
        <pctVal>0.0300676744</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KOTAK MAHINDRA BANK LTD</name>
        <lei>335800E6GTTXKHXE2I75</lei>
        <title>KOTAK MAHINDRA BANK LTD</title>
        <cusip>Y4S3A3127</cusip>
        <identifiers>
          <isin value="INE237A01036"/>
          <ticker value="KOTAKBANK"/>
        </identifiers>
        <balance>1324963</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>5505710.02</valUSD>
        <pctVal>0.1788654325</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SEVERSTAL PAO GDR</name>
        <lei>213800OKDPTV6K4ONO53</lei>
        <title>SEVERSTAL PAO GDR</title>
        <cusip>818150302</cusip>
        <identifiers>
          <isin value="US8181503025"/>
          <ticker value="SVJTY"/>
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        <balance>1839</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHINA RES. GAS GRP. LTD</name>
        <lei>529900A0E1J5JSOKEK83</lei>
        <title>CHINA RES. GAS GRP. LTD</title>
        <cusip>G2113B108</cusip>
        <identifiers>
          <isin value="BMG2113B1081"/>
          <ticker value="CRGGF"/>
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        <balance>231058</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PRESTIGE ESTATES PROJECTS</name>
        <lei>335800HHEBP52VZLTU94</lei>
        <title>PRESTIGE ESTATES PROJECTS</title>
        <cusip>Y707AN101</cusip>
        <identifiers>
          <isin value="INE811K01011"/>
          <ticker value="PRESTIGE"/>
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        <balance>39631</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FIRST ABU DHABI BANK PJSC</name>
        <lei>2138002Y3WMK6RZS8H90</lei>
        <title>FIRST ABU DHABI BANK PJSC</title>
        <cusip>M7080Z114</cusip>
        <identifiers>
          <isin value="AEN000101016"/>
          <ticker value="FAB"/>
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        <balance>1078077</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PAGE INDS. LTD</name>
        <lei>335800D6UFCCKUP3KD53</lei>
        <title>PAGE INDS. LTD</title>
        <cusip>Y6592S102</cusip>
        <identifiers>
          <isin value="INE761H01022"/>
          <ticker value="PAGEIND"/>
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        <balance>1582</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HANKOOK TIRE &amp; TECH. CO L</name>
        <lei>9884001BIEVM09M7AH02</lei>
        <title>HANKOOK TIRE &amp; TECH. CO L</title>
        <cusip>Y3R57J108</cusip>
        <identifiers>
          <isin value="KR7161390000"/>
          <ticker value="HAOOF"/>
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        <balance>16769</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AIR CHINA LTD</name>
        <lei>213800I9TWC9K22N4502</lei>
        <title>AIR CHINA LTD</title>
        <cusip>Y002A6138</cusip>
        <identifiers>
          <isin value="CNE000001NN0"/>
          <ticker value="601111"/>
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        <balance>201200</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LONGI GREEN ENERGY TECH.</name>
        <lei>300300NRGAITUP1EZ248</lei>
        <title>LONGI GREEN ENERGY TECH.</title>
        <cusip>Y9727F102</cusip>
        <identifiers>
          <isin value="CNE100001FR6"/>
          <ticker value="601012"/>
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        <balance>97669</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
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        <pctVal>0.0061453710</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GANFENG LITHIUM GROUP CO</name>
        <lei>3003006BE6UOHWEOOR42</lei>
        <title>GANFENG LITHIUM GROUP CO</title>
        <cusip>Y444B3104</cusip>
        <identifiers>
          <isin value="CNE100000SF6"/>
          <ticker value="002460"/>
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        <balance>22240</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
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        <pctVal>0.0069821980</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHINA MERCHANTS SHEKOU IN</name>
        <lei>300300T3ACALX7NIPW13</lei>
        <title>CHINA MERCHANTS SHEKOU IN</title>
        <cusip>Y14907102</cusip>
        <identifiers>
          <isin value="CNE100002FC6"/>
          <ticker value="001979"/>
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        <balance>152700</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SUNDARAM FIN. LTD</name>
        <lei>335800QM6HEH82BEJY45</lei>
        <title>SUNDARAM FIN. LTD</title>
        <cusip>Y8210G114</cusip>
        <identifiers>
          <isin value="INE660A01013"/>
          <ticker value="SDFNF"/>
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        <balance>16046</balance>
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        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>QATAR NATL. BANK QPSC</name>
        <lei>549300FFSRVBS0SQXY75</lei>
        <title>QATAR NATL. BANK QPSC</title>
        <cusip>M81802106</cusip>
        <identifiers>
          <isin value="QA0006929895"/>
          <ticker value="QNBK"/>
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        <balance>1054550</balance>
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        <currencyConditional curCd="QAR" exchangeRt="3.641"/>
        <valUSD>4997090.75</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>QA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EQUATORIAL ENERGIA SA</name>
        <lei>N/A</lei>
        <title>EQUATORIAL ENERGIA SA</title>
        <cusip>P3773H104</cusip>
        <identifiers>
          <isin value="BREQTLACNOR0"/>
          <ticker value="EQTL3"/>
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        <balance>267155</balance>
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        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>MAXIS BHD</name>
        <lei>N/A</lei>
        <title>MAXIS BHD</title>
        <cusip>Y58460109</cusip>
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          <isin value="MYL6012OO008"/>
          <ticker value="MAXSF"/>
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        <balance>423651</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>SK INC</name>
        <lei>988400GMME8AOAFMDK34</lei>
        <title>SK INC</title>
        <cusip>Y8T642129</cusip>
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          <isin value="KR7034730002"/>
          <ticker value="A034730"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>MAHINDRA &amp; MAHINDRA LTD</name>
        <lei>3358003B573EV4KB4Z02</lei>
        <title>MAHINDRA &amp; MAHINDRA LTD</title>
        <cusip>Y54164150</cusip>
        <identifiers>
          <isin value="INE101A01026"/>
          <ticker value="M&amp;M"/>
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        <balance>210254</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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        <name>MOBILE TELECOMS. CO KSCP</name>
        <lei>N/A</lei>
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        <cusip>M7034R101</cusip>
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          <isin value="KW0EQ0601058"/>
          <ticker value="ZAIN"/>
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        <assetCat>EC</assetCat>
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        <invCountry>KW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>FF GROUP</name>
        <lei>213800ZMDLVEKZIKFX90</lei>
        <title>FF GROUP</title>
        <cusip>X1890Z115</cusip>
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          <isin value="GRS294003009"/>
          <ticker value="FFGRP"/>
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        <balance>18664</balance>
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        <currencyConditional curCd="EUR" exchangeRt=".8751969"/>
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        <assetCat>EC</assetCat>
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        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>BDO UNIBANK INC</name>
        <lei>3FGIIBS1PEI1FYQBGN97</lei>
        <title>BDO UNIBANK INC</title>
        <cusip>Y07775102</cusip>
        <identifiers>
          <isin value="PHY077751022"/>
          <ticker value="BDOUF"/>
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        <balance>557120</balance>
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        <currencyConditional curCd="PHP" exchangeRt="61.37"/>
        <valUSD>1079799.26</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>CHOW TAI FOOK JEWELLERY G</name>
        <lei>254900VXRL7SRSF44G79</lei>
        <title>CHOW TAI FOOK JEWELLERY G</title>
        <cusip>G21146108</cusip>
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          <isin value="KYG211461085"/>
          <ticker value="CJEWF"/>
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        <balance>377600</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
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        <name>IHH HEALTHCARE BHD</name>
        <lei>N/A</lei>
        <title>IHH HEALTHCARE BHD</title>
        <cusip>Y374AH103</cusip>
        <identifiers>
          <isin value="MYL5225OO007"/>
          <ticker value="IHHHF"/>
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        <balance>464400</balance>
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        <currencyConditional curCd="MYR" exchangeRt="4.0775"/>
        <valUSD>955905.02</valUSD>
        <pctVal>0.0310547349</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TSINGTAO BREWERY CO LTD</name>
        <lei>300300OJ7D0Q1ESE8L15</lei>
        <title>TSINGTAO BREWERY CO LTD</title>
        <cusip>Y8997D110</cusip>
        <identifiers>
          <isin value="CNE0000009Y3"/>
          <ticker value="TSGAF"/>
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        <balance>8300</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>63944.72</valUSD>
        <pctVal>0.0020773887</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHANGHAI PUDONG DEVELOPME</name>
        <lei>300300C1031031001330</lei>
        <title>SHANGHAI PUDONG DEVELOPME</title>
        <cusip>Y7689F102</cusip>
        <identifiers>
          <isin value="CNE0000011B7"/>
          <ticker value="SHVPF"/>
        </identifiers>
        <balance>448492</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>569192.62</valUSD>
        <pctVal>0.0184915086</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INNER MONGOLIA BAOTOU STE</name>
        <lei>3003005DKNZILXCEDH07</lei>
        <title>INNER MONGOLIA BAOTOU STE</title>
        <cusip>Y4084T100</cusip>
        <identifiers>
          <isin value="CNE0000017H1"/>
          <ticker value="IMBAF"/>
        </identifiers>
        <balance>580400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>191452.94</valUSD>
        <pctVal>0.0062197814</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZHANGZHOU PIENTZEHUANG PH</name>
        <lei>836800HTWRBAQJRAQ344</lei>
        <title>ZHANGZHOU PIENTZEHUANG PH</title>
        <cusip>Y9890Q109</cusip>
        <identifiers>
          <isin value="CNE000001F21"/>
          <ticker value="600436"/>
        </identifiers>
        <balance>7493</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>120750.71</valUSD>
        <pctVal>0.0039228597</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HENGTONG OPTIC-ELECTRIC C</name>
        <lei>655600VKTXMT2WKBE151</lei>
        <title>HENGTONG OPTIC-ELECTRIC C</title>
        <cusip>Y3174C100</cusip>
        <identifiers>
          <isin value="CNE000001FQ9"/>
          <ticker value="600487"/>
        </identifiers>
        <balance>37800</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>615150.71</valUSD>
        <pctVal>0.0199845610</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HUNDSUN TECHS. INC</name>
        <lei>3003003LS77D1DRDDE25</lei>
        <title>HUNDSUN TECHS. INC</title>
        <cusip>Y3041V109</cusip>
        <identifiers>
          <isin value="CNE000001GD5"/>
          <ticker value="600570"/>
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        <balance>26145</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>82314.63</valUSD>
        <pctVal>0.0026741768</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CRRC CORP LTD</name>
        <lei>30030099HATQH2XC0B72</lei>
        <title>CRRC CORP LTD</title>
        <cusip>Y1R16T100</cusip>
        <identifiers>
          <isin value="CNE100000CP9"/>
          <ticker value="601766"/>
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        <balance>358200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>274986.87</valUSD>
        <pctVal>0.0089335699</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BOE TECH. GRP. CO LTD</name>
        <lei>N/A</lei>
        <title>BOE TECH. GRP. CO LTD</title>
        <cusip>Y0920M101</cusip>
        <identifiers>
          <isin value="CNE0000016L5"/>
          <ticker value="000725"/>
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        <balance>456200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>587186.54</valUSD>
        <pctVal>0.0190760818</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHANGJIANG SECS. CO LTD</name>
        <lei>300300E1003242000047</lei>
        <title>CHANGJIANG SECS. CO LTD</title>
        <cusip>Y1314J100</cusip>
        <identifiers>
          <isin value="CNE000000SH3"/>
          <ticker value="000783"/>
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        <balance>97000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>139814.17</valUSD>
        <pctVal>0.0045421793</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHENWAN HONGYUAN GRP. CO</name>
        <lei>300300I0GB4QPIGPS572</lei>
        <title>SHENWAN HONGYUAN GRP. CO</title>
        <cusip>Y774B4102</cusip>
        <identifiers>
          <isin value="CNE100002FD4"/>
          <ticker value="000166"/>
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        <balance>328200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>213317.52</valUSD>
        <pctVal>0.0069301017</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA NATL. NUCLEAR POWER</name>
        <lei>3003003YPVL5EMT5LZ97</lei>
        <title>CHINA NATL. NUCLEAR POWER</title>
        <cusip>Y1507R109</cusip>
        <identifiers>
          <isin value="CNE1000022N7"/>
          <ticker value="601985"/>
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        <balance>271098</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>360760.93</valUSD>
        <pctVal>0.0117201341</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANCO DE CREDITO E INVERS</name>
        <lei>549300E9E5Y3PKW24142</lei>
        <title>BANCO DE CREDITO E INVERS</title>
        <cusip>P32133111</cusip>
        <identifiers>
          <isin value="CLP321331116"/>
          <ticker value="BCIFF"/>
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        <balance>18976</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="921.965"/>
        <valUSD>1246638.8</valUSD>
        <pctVal>0.0404998787</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>CREDICORP LTD</name>
        <lei>529900UYAEYQCQ2BKB17</lei>
        <title>CREDICORP LTD</title>
        <cusip>G2519Y108</cusip>
        <identifiers>
          <isin value="BMG2519Y1084"/>
          <ticker value="BAP"/>
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        <balance>16282</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6343141.56</valUSD>
        <pctVal>0.2060712886</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>GRUPO FINANCIERO BANORTE</name>
        <lei>N/A</lei>
        <title>GRUPO FINANCIERO BANORTE</title>
        <cusip>P49501201</cusip>
        <identifiers>
          <isin value="MXP370711014"/>
          <ticker value="GBOOF"/>
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        <balance>577409</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.4875"/>
        <valUSD>6115004.82</valUSD>
        <pctVal>0.1986597511</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>
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      </invstOrSec>
      <invstOrSec>
        <name>LATAM AIRLINES GRP. SA</name>
        <lei>549300HX3UUDPEFTG707</lei>
        <title>LATAM AIRLINES GRP. SA</title>
        <cusip>P61894104</cusip>
        <identifiers>
          <isin value="CL0000000423"/>
          <ticker value="LFLCF"/>
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        <balance>84152046</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="921.965"/>
        <valUSD>2447073.75</valUSD>
        <pctVal>0.0794987210</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CEMEX SAB DE CV</name>
        <lei>549300RIG2CXWN6IV731</lei>
        <title>CEMEX SAB DE CV</title>
        <cusip>P2253T133</cusip>
        <identifiers>
          <isin value="MXP225611567"/>
          <ticker value="CXMSF"/>
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        <balance>3643645</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.4875"/>
        <valUSD>4375499.36</valUSD>
        <pctVal>0.1421479850</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COPEL</name>
        <lei>2549001AS1I9A71VG663</lei>
        <title>COPEL</title>
        <cusip>P30557105</cusip>
        <identifiers>
          <isin value="BRCPLEACNOR8"/>
          <ticker value="ELPVF"/>
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        <balance>472500</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>1377510.99</valUSD>
        <pctVal>0.0447515576</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VALE SA</name>
        <lei>254900SMTWBX7RU2SR20</lei>
        <title>VALE SA</title>
        <cusip>P9661Q155</cusip>
        <identifiers>
          <isin value="BRVALEACNOR0"/>
          <ticker value="VALE3"/>
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        <balance>856013</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>12922358.85</valUSD>
        <pctVal>0.4198120309</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FOMENTO ECONOMICO MEXICAN</name>
        <lei>549300A8MDWDJNMLV153</lei>
        <title>FOMENTO ECONOMICO MEXICAN</title>
        <cusip>P4182H115</cusip>
        <identifiers>
          <isin value="MXP320321310"/>
          <ticker value="FMXUF"/>
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        <balance>410991</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.4875"/>
        <valUSD>5252694.12</valUSD>
        <pctVal>0.1706456392</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>
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      <invstOrSec>
        <name>GRUPO AEROPORTUARIO DEL S</name>
        <lei>5299001W7JIDXCUOUC82</lei>
        <title>GRUPO AEROPORTUARIO DEL S</title>
        <cusip>P4950Y100</cusip>
        <identifiers>
          <isin value="MXP001661018"/>
          <ticker value="ASRMF"/>
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        <balance>42821</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.4875"/>
        <valUSD>1312777.38</valUSD>
        <pctVal>0.0426485400</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>
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      </invstOrSec>
      <invstOrSec>
        <name>GRUMA SAB DE CV</name>
        <lei>5493000XJLJ6C4T0PG82</lei>
        <title>GRUMA SAB DE CV</title>
        <cusip>P4948K121</cusip>
        <identifiers>
          <isin value="MXP4948K1056"/>
          <ticker value="GPAGF"/>
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        <balance>35660</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.4875"/>
        <valUSD>575148.13</valUSD>
        <pctVal>0.0186849868</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>
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      </invstOrSec>
      <invstOrSec>
        <name>PETROLEO BRASILEIRO SA</name>
        <lei>5493000J801JZRCMFE49</lei>
        <title>PETROLEO BRASILEIRO SA</title>
        <cusip>P78331132</cusip>
        <identifiers>
          <isin value="BRPETRACNOR9"/>
          <ticker value="PETR3"/>
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        <balance>899934</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>7265995.61</valUSD>
        <pctVal>0.2360522880</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>EMPRESAS COPEC SA</name>
        <lei>549300Q3IDJYG6Z7PA50</lei>
        <title>EMPRESAS COPEC SA</title>
        <cusip>P7847L108</cusip>
        <identifiers>
          <isin value="CLP7847L1080"/>
          <ticker value="COPEC"/>
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        <balance>88176</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="921.965"/>
        <valUSD>550021.07</valUSD>
        <pctVal>0.0178686775</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>TRANSPORTADORA DE GAS ADR</name>
        <lei>5299002TRC7IFQYSW596</lei>
        <title>TRANSPORTADORA DE GAS ADR</title>
        <cusip>893870204</cusip>
        <identifiers>
          <isin value="US8938702045"/>
          <ticker value="TGS"/>
        </identifiers>
        <balance>.01</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>.3</valUSD>
        <pctVal>0.0000000097</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KLABIN SA</name>
        <lei>254900C8UYA6YUPSDU10</lei>
        <title>KLABIN SA</title>
        <cusip>P60933101</cusip>
        <identifiers>
          <isin value="BRKLBNACNPR9"/>
          <ticker value="KLBNF"/>
        </identifiers>
        <balance>3</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>1.95</valUSD>
        <pctVal>0.0000000634</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANCO DE CHILE</name>
        <lei>8B4EZFY8IHJC44TT2K84</lei>
        <title>BANCO DE CHILE</title>
        <cusip>P0939W108</cusip>
        <identifiers>
          <isin value="CLP0939W1081"/>
          <ticker value="BCHBF"/>
        </identifiers>
        <balance>10987798</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="921.965"/>
        <valUSD>2151163.59</valUSD>
        <pctVal>0.0698854107</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANCO DO BRASIL SA</name>
        <lei>QE0Q0253K88YAGNPE356</lei>
        <title>BANCO DO BRASIL SA</title>
        <cusip>P11427112</cusip>
        <identifiers>
          <isin value="BRBBASACNOR3"/>
          <ticker value="BDORF"/>
        </identifiers>
        <balance>403188</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>1558142.8</valUSD>
        <pctVal>0.0506197902</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA TAIPING INS. HLDGS.</name>
        <lei>529900C2G37NOIADYW07</lei>
        <title>CHINA TAIPING INS. HLDGS.</title>
        <cusip>Y1456Z151</cusip>
        <identifiers>
          <isin value="HK0000055878"/>
          <ticker value="CINSF"/>
        </identifiers>
        <balance>350704</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>809687.09</valUSD>
        <pctVal>0.0263045150</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VTB BANK PJSC</name>
        <lei>253400V1H6ART1UQ0N98</lei>
        <title>VTB BANK PJSC</title>
        <cusip>X9814J117</cusip>
        <identifiers>
          <isin value="RU000A0JP5V6"/>
          <ticker value="VTBR"/>
        </identifiers>
        <balance>160113.3476</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="78.700000"/>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GULF BANK KSCP</name>
        <lei>254900600P224MZQZD69</lei>
        <title>GULF BANK KSCP</title>
        <cusip>M5246Y104</cusip>
        <identifiers>
          <isin value="KW0EQ0100028"/>
          <ticker value="GBK"/>
        </identifiers>
        <balance>528325</balance>
        <units>NS</units>
        <currencyConditional curCd="KWD" exchangeRt=".3098"/>
        <valUSD>602101.9</valUSD>
        <pctVal>0.0195606409</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LUPIN LTD</name>
        <lei>335800HHXTESDEE2FC65</lei>
        <title>LUPIN LTD</title>
        <cusip>Y5362X101</cusip>
        <identifiers>
          <isin value="INE326A01037"/>
          <ticker value="LUPIN"/>
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        <balance>53272</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1364456.53</valUSD>
        <pctVal>0.0443274540</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COAL INDIA LTD</name>
        <lei>335800NLJQZNHM9LBB31</lei>
        <title>COAL INDIA LTD</title>
        <cusip>Y1668L107</cusip>
        <identifiers>
          <isin value="INE522F01014"/>
          <ticker value="COALINDIA"/>
        </identifiers>
        <balance>384676</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1787943.27</valUSD>
        <pctVal>0.0580853778</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EMEMORY TECHNOLOGY INC CO</name>
        <lei>N/A</lei>
        <title>EMEMORY TECHNOLOGY INC CO</title>
        <cusip>Y2289B114</cusip>
        <identifiers>
          <isin value="TW0003529004"/>
          <ticker value="3529"/>
        </identifiers>
        <balance>16000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>1482444.89</valUSD>
        <pctVal>0.0481605725</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BALKRISHNA INDS. LTD</name>
        <lei>3358006BD9NZGXG1I436</lei>
        <title>BALKRISHNA INDS. LTD</title>
        <cusip>Y05506129</cusip>
        <identifiers>
          <isin value="INE787D01026"/>
          <ticker value="BALKRISIND"/>
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        <balance>13720</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>318959.85</valUSD>
        <pctVal>0.0103621316</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AUROBINDO PHARMA LTD</name>
        <lei>335800G4T2A353RDGM23</lei>
        <title>AUROBINDO PHARMA LTD</title>
        <cusip>Y04527142</cusip>
        <identifiers>
          <isin value="INE406A01037"/>
          <ticker value="AUROPHARMA"/>
        </identifiers>
        <balance>65546</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1093812.63</valUSD>
        <pctVal>0.0355349752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TITAN CO LTD</name>
        <lei>549300RO9VJWPK37FE54</lei>
        <title>TITAN CO LTD</title>
        <cusip>Y88425148</cusip>
        <identifiers>
          <isin value="INE280A01028"/>
          <ticker value="TITAN"/>
        </identifiers>
        <balance>85017</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>3970345.16</valUSD>
        <pctVal>0.1289856352</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SDIC POWER HLDGS. CO LTD</name>
        <lei>300300LQJ91PHBNFC721</lei>
        <title>SDIC POWER HLDGS. CO LTD</title>
        <cusip>Y7544S125</cusip>
        <identifiers>
          <isin value="CNE000000JM2"/>
          <ticker value="600886"/>
        </identifiers>
        <balance>107000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>209975.35</valUSD>
        <pctVal>0.0068215238</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA SOUTHERN AIRLINES C</name>
        <lei>529900AJQ1Q18ABYVX84</lei>
        <title>CHINA SOUTHERN AIRLINES C</title>
        <cusip>Y1R16E111</cusip>
        <identifiers>
          <isin value="CNE000001FG0"/>
          <ticker value="CHKFF"/>
        </identifiers>
        <balance>149900</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>115146.81</valUSD>
        <pctVal>0.0037408043</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHANDONG GOLD MINING CO L</name>
        <lei>300300KC2K8BC07OSV77</lei>
        <title>SHANDONG GOLD MINING CO L</title>
        <cusip>Y76831109</cusip>
        <identifiers>
          <isin value="CNE000001FR7"/>
          <ticker value="SGOLF"/>
        </identifiers>
        <balance>58437</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>199265.98</valUSD>
        <pctVal>0.0064736057</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INDUSTRIAL BANK CO LTD</name>
        <lei>300300C1030935001303</lei>
        <title>INDUSTRIAL BANK CO LTD</title>
        <cusip>Y3990D100</cusip>
        <identifiers>
          <isin value="CNE000001QZ7"/>
          <ticker value="INBLF"/>
        </identifiers>
        <balance>307100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>749401.83</valUSD>
        <pctVal>0.0243460120</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK OF NANJING CO LTD</name>
        <lei>300300C1086932000062</lei>
        <title>BANK OF NANJING CO LTD</title>
        <cusip>Y0698E109</cusip>
        <identifiers>
          <isin value="CNE100000627"/>
          <ticker value="601009"/>
        </identifiers>
        <balance>178096</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>259559.67</valUSD>
        <pctVal>0.0084323825</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LUZHOU LAOJIAO CO LTD</name>
        <lei>N/A</lei>
        <title>LUZHOU LAOJIAO CO LTD</title>
        <cusip>Y5347R104</cusip>
        <identifiers>
          <isin value="CNE000000GF2"/>
          <ticker value="000568"/>
        </identifiers>
        <balance>21300</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>243357.07</valUSD>
        <pctVal>0.0079060044</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KIMBERLY-CLARK DE MEXICO</name>
        <lei>549300JGHL56QT00KT54</lei>
        <title>KIMBERLY-CLARK DE MEXICO</title>
        <cusip>P60694117</cusip>
        <identifiers>
          <isin value="MXP606941179"/>
          <ticker value="KCDMF"/>
        </identifiers>
        <balance>338927</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.4875"/>
        <valUSD>748498.11</valUSD>
        <pctVal>0.0243166527</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>
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      </invstOrSec>
      <invstOrSec>
        <name>ALFA SAB DE CV</name>
        <lei>549300ZCGJ6T8YDJ4M34</lei>
        <title>ALFA SAB DE CV</title>
        <cusip>P0156P117</cusip>
        <identifiers>
          <isin value="MXP000511016"/>
          <ticker value="ALFFF"/>
        </identifiers>
        <balance>826439</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.4875"/>
        <valUSD>758504.41</valUSD>
        <pctVal>0.0246417299</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>BANCO BRADESCO SA</name>
        <lei>549300CTUU1RFXHQJE44</lei>
        <title>BANCO BRADESCO SA</title>
        <cusip>P1808G109</cusip>
        <identifiers>
          <isin value="BRBBDCACNOR1"/>
          <ticker value="BRDJF"/>
        </identifiers>
        <balance>333377</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>1016475.99</valUSD>
        <pctVal>0.0330225197</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>CENCOSUD SA</name>
        <lei>549300NLTGCFV7482429</lei>
        <title>CENCOSUD SA</title>
        <cusip>P2205J100</cusip>
        <identifiers>
          <isin value="CL0000000100"/>
          <ticker value="CENCOSUD"/>
        </identifiers>
        <balance>300669</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="921.965"/>
        <valUSD>694630.46</valUSD>
        <pctVal>0.0225666403</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>PORTO SEGURO SA</name>
        <lei>N/A</lei>
        <title>PORTO SEGURO SA</title>
        <cusip>P7905C107</cusip>
        <identifiers>
          <isin value="BRPSSAACNOR7"/>
          <ticker value="PSGUF"/>
        </identifiers>
        <balance>48400</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>496160.24</valUSD>
        <pctVal>0.0161188867</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>KB FINL. GRP. INC</name>
        <lei>529900TKE4MXG3Q6GW86</lei>
        <title>KB FINL. GRP. INC</title>
        <cusip>Y46007103</cusip>
        <identifiers>
          <isin value="KR7105560007"/>
          <ticker value="A105560"/>
        </identifiers>
        <balance>85509</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>8793187.9</valUSD>
        <pctVal>0.2856665809</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GMR AIRPORTS LIMITED</name>
        <lei>3358008S2MTRWZ255P70</lei>
        <title>GMR AIRPORTS LIMITED</title>
        <cusip>Y2730E113</cusip>
        <identifiers>
          <isin value="INE776C01039"/>
          <ticker value="GMRLF"/>
        </identifiers>
        <balance>669820</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>796841.76</valUSD>
        <pctVal>0.0258872054</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA NORTHERN RARE EARTH</name>
        <lei>300300CY5TYMU38UDM49</lei>
        <title>CHINA NORTHERN RARE EARTH</title>
        <cusip>Y40840103</cusip>
        <identifiers>
          <isin value="CNE000000T18"/>
          <ticker value="600111"/>
        </identifiers>
        <balance>46100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>327531.22</valUSD>
        <pctVal>0.0106405919</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF BEIJING CO LTD</name>
        <lei>300300C1080211000042</lei>
        <title>BANK OF BEIJING CO LTD</title>
        <cusip>Y06958113</cusip>
        <identifiers>
          <isin value="CNE100000734"/>
          <ticker value="601169"/>
        </identifiers>
        <balance>267900</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>193438.91</valUSD>
        <pctVal>0.0062843001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INDUSTRIAL SECS. CO LTD</name>
        <lei>300300E1011435000093</lei>
        <title>INDUSTRIAL SECS. CO LTD</title>
        <cusip>Y3994T101</cusip>
        <identifiers>
          <isin value="CNE100000V95"/>
          <ticker value="601377"/>
        </identifiers>
        <balance>126400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>112826.97</valUSD>
        <pctVal>0.0036654391</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ZHEJIANG ZHENENG ELEC. PO</name>
        <lei>3003007BB94AW2PBWC09</lei>
        <title>ZHEJIANG ZHENENG ELEC. PO</title>
        <cusip>Y9897X107</cusip>
        <identifiers>
          <isin value="CNE100001SP3"/>
          <ticker value="600023"/>
        </identifiers>
        <balance>180800</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>140338.08</valUSD>
        <pctVal>0.0045591997</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MUYUAN FOODS GROUP CO CNY</name>
        <lei>3003006NCTDQW4KZR676</lei>
        <title>MUYUAN FOODS GROUP CO CNY</title>
        <cusip>Y6149B107</cusip>
        <identifiers>
          <isin value="CNE100001RQ3"/>
          <ticker value="002714"/>
        </identifiers>
        <balance>73978</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>381719.72</valUSD>
        <pctVal>0.0124010278</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHANXI XINGHUACUN FEN WIN</name>
        <lei>N/A</lei>
        <title>SHANXI XINGHUACUN FEN WIN</title>
        <cusip>Y77013103</cusip>
        <identifiers>
          <isin value="CNE000000DH5"/>
          <ticker value="600809"/>
        </identifiers>
        <balance>17060</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>274841.01</valUSD>
        <pctVal>0.0089288313</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AECC AVIATION POWER CO LT</name>
        <lei>N/A</lei>
        <title>AECC AVIATION POWER CO LT</title>
        <cusip>Y9730A108</cusip>
        <identifiers>
          <isin value="CNE000000JW1"/>
          <ticker value="600893"/>
        </identifiers>
        <balance>36300</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>206019.41</valUSD>
        <pctVal>0.0066930061</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZHEJIANG LONGSHENG GRP. C</name>
        <lei>300300XYB5YIMVFQA157</lei>
        <title>ZHEJIANG LONGSHENG GRP. C</title>
        <cusip>Y98918108</cusip>
        <identifiers>
          <isin value="CNE000001FJ4"/>
          <ticker value="600352"/>
        </identifiers>
        <balance>50300</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>90010.55</valUSD>
        <pctVal>0.0029241961</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA STATE CONSTRUCTION</name>
        <lei>300300CWW8WOEV3BR645</lei>
        <title>CHINA STATE CONSTRUCTION</title>
        <cusip>Y1R16Z106</cusip>
        <identifiers>
          <isin value="CNE100000F46"/>
          <ticker value="601668"/>
        </identifiers>
        <balance>534280</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>341990.47</valUSD>
        <pctVal>0.0111103333</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REINET INVS. SCA</name>
        <lei>222100830RQTFVV22S80</lei>
        <title>REINET INVS. SCA</title>
        <cusip>L7925N152</cusip>
        <identifiers>
          <isin value="LU0383812293"/>
          <ticker value="REVNF"/>
        </identifiers>
        <balance>33200</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.38"/>
        <valUSD>918735.8</valUSD>
        <pctVal>0.0298472087</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CIMB GRP. HLDGS. BHD</name>
        <lei>549300FYDN5UD7USZW18</lei>
        <title>CIMB GRP. HLDGS. BHD</title>
        <cusip>Y1636J101</cusip>
        <identifiers>
          <isin value="MYL1023OO000"/>
          <ticker value="CIMB"/>
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        <balance>1888817</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.0775"/>
        <valUSD>3442970.01</valUSD>
        <pctVal>0.1118526616</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WISTRON CORP</name>
        <lei>254900DIEONKUALBFM06</lei>
        <title>WISTRON CORP</title>
        <cusip>Y96738102</cusip>
        <identifiers>
          <isin value="TW0003231007"/>
          <ticker value="WICOF"/>
        </identifiers>
        <balance>729925</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>3653482.19</valUSD>
        <pctVal>0.1186916256</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WEICHAI POWER CO LTD</name>
        <lei>529900OKTPKBG85F9502</lei>
        <title>WEICHAI POWER CO LTD</title>
        <cusip>Y9531A109</cusip>
        <identifiers>
          <isin value="CNE1000004L9"/>
          <ticker value="WEICF"/>
        </identifiers>
        <balance>473812</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>2081460.9</valUSD>
        <pctVal>0.0676209613</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CIPLA LTD/INDIA</name>
        <lei>335800KMJJYEDDK82Q34</lei>
        <title>CIPLA LTD/INDIA</title>
        <cusip>Y1633P142</cusip>
        <identifiers>
          <isin value="INE059A01026"/>
          <ticker value="CPLFF"/>
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        <balance>122879</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1907659.42</valUSD>
        <pctVal>0.0619746274</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LARSEN &amp; TOUBRO LTD</name>
        <lei>3358003FR3JIC5FRXA90</lei>
        <title>LARSEN &amp; TOUBRO LTD</title>
        <cusip>Y5217N159</cusip>
        <identifiers>
          <isin value="INE018A01030"/>
          <ticker value="LTORF"/>
        </identifiers>
        <balance>164148</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>7230491.11</valUSD>
        <pctVal>0.2348988441</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ULTRATECH CEMENT LTD</name>
        <lei>335800PC9O9B4BQHG814</lei>
        <title>ULTRATECH CEMENT LTD</title>
        <cusip>Y9046E109</cusip>
        <identifiers>
          <isin value="INE481G01011"/>
          <ticker value="ULTKF"/>
        </identifiers>
        <balance>25137</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>3002188.44</valUSD>
        <pctVal>0.0975328762</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA MENGNIU DAIRY CO LT</name>
        <lei>2549005Q343BSJ8RSS21</lei>
        <title>CHINA MENGNIU DAIRY CO LT</title>
        <cusip>G21096105</cusip>
        <identifiers>
          <isin value="KYG210961051"/>
          <ticker value="CIADF"/>
        </identifiers>
        <balance>676870</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>1392702.82</valUSD>
        <pctVal>0.0452450985</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TATA CONSULTANCY SERVS. L</name>
        <lei>335800ZJKU9GPQRE2U66</lei>
        <title>TATA CONSULTANCY SERVS. L</title>
        <cusip>Y85279100</cusip>
        <identifiers>
          <isin value="INE467B01029"/>
          <ticker value="TACSF"/>
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        <balance>195381</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>4213240.86</valUSD>
        <pctVal>0.1368766510</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RELIANCE INDS. LTD</name>
        <lei>5493003UOETFYRONLG31</lei>
        <title>RELIANCE INDS. LTD</title>
        <cusip>Y72596102</cusip>
        <identifiers>
          <isin value="INE002A01018"/>
          <ticker value="RLNJF"/>
        </identifiers>
        <balance>1466967</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>20190820.38</valUSD>
        <pctVal>0.6559444299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMBUJA CEMENTS LTD</name>
        <lei>335800NT6LQHR1428E20</lei>
        <title>AMBUJA CEMENTS LTD</title>
        <cusip>Y6140K106</cusip>
        <identifiers>
          <isin value="INE079A01024"/>
          <ticker value="AMBUF"/>
        </identifiers>
        <balance>121780</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>545503.1</valUSD>
        <pctVal>0.0177219010</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ITC LTD</name>
        <lei>335800WLOU3OFWFTMP43</lei>
        <title>ITC LTD</title>
        <cusip>Y4211T171</cusip>
        <identifiers>
          <isin value="INE154A01025"/>
          <ticker value="ITCTF"/>
        </identifiers>
        <balance>705815</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>2148275.41</valUSD>
        <pctVal>0.0697915816</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KING SLIDE WORKS CO LTD</name>
        <lei>N/A</lei>
        <title>KING SLIDE WORKS CO LTD</title>
        <cusip>Y4771C113</cusip>
        <identifiers>
          <isin value="TW0002059003"/>
          <ticker value="KGSLF"/>
        </identifiers>
        <balance>14000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>3272141.43</valUSD>
        <pctVal>0.1063029092</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA CONSTRUCTION BANK C</name>
        <lei>5493001KQW6DM7KEDR62</lei>
        <title>CHINA CONSTRUCTION BANK C</title>
        <cusip>Y1397N101</cusip>
        <identifiers>
          <isin value="CNE1000002H1"/>
          <ticker value="CICHF"/>
        </identifiers>
        <balance>20330693</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>20947765.83</valUSD>
        <pctVal>0.6805355135</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HANA FINL. GRP. INC</name>
        <lei>N/A</lei>
        <title>HANA FINL. GRP. INC</title>
        <cusip>Y29975102</cusip>
        <identifiers>
          <isin value="KR7086790003"/>
          <ticker value="HNFGF"/>
        </identifiers>
        <balance>66815</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>4952283.83</valUSD>
        <pctVal>0.1608861320</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PETRONET LNG LTD</name>
        <lei>335800KIIKNA7GRD9351</lei>
        <title>PETRONET LNG LTD</title>
        <cusip>Y68259103</cusip>
        <identifiers>
          <isin value="INE347G01014"/>
          <ticker value="POLNF"/>
        </identifiers>
        <balance>169720</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>505507.14</valUSD>
        <pctVal>0.0164225419</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MINOR INTL. PCL</name>
        <lei>254900T4WB2UF9XPX041</lei>
        <title>MINOR INTL. PCL</title>
        <cusip>Y6069M315</cusip>
        <identifiers>
          <isin value="TH0128010R17"/>
          <ticker value="MIPCF"/>
        </identifiers>
        <balance>640930</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.2205"/>
        <valUSD>480431.76</valUSD>
        <pctVal>0.0156079115</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="71804.160000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMOREPACIFIC CORP</name>
        <lei>N/A</lei>
        <title>AMOREPACIFIC CORP</title>
        <cusip>Y01258105</cusip>
        <identifiers>
          <isin value="KR7090430000"/>
          <ticker value="AMRPF"/>
        </identifiers>
        <balance>7058</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>483134.39</valUSD>
        <pctVal>0.0156957125</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SIEMENS LTD</name>
        <lei>335800HJQJFZ3CJLJ709</lei>
        <title>SIEMENS LTD</title>
        <cusip>Y7934G137</cusip>
        <identifiers>
          <isin value="INE003A01024"/>
          <ticker value="SMNBF"/>
        </identifiers>
        <balance>18150</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>693288.3</valUSD>
        <pctVal>0.0225230372</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FORTUNE ELEC. CO LTD</name>
        <lei>N/A</lei>
        <title>FORTUNE ELEC. CO LTD</title>
        <cusip>Y26168107</cusip>
        <identifiers>
          <isin value="TW0001519007"/>
          <ticker value="1519"/>
        </identifiers>
        <balance>35942</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>882072.05</valUSD>
        <pctVal>0.0286561040</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SRF LTD</name>
        <lei>335800436F28GT8ZW506</lei>
        <title>SRF LTD</title>
        <cusip>Y8133G134</cusip>
        <identifiers>
          <isin value="INE647A01010"/>
          <ticker value="SRFTF"/>
        </identifiers>
        <balance>34754</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1013324.07</valUSD>
        <pctVal>0.0329201225</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAMYANG FOODS CO LTD</name>
        <lei>N/A</lei>
        <title>SAMYANG FOODS CO LTD</title>
        <cusip>Y7498J105</cusip>
        <identifiers>
          <isin value="KR7003230000"/>
          <ticker value="A003230"/>
        </identifiers>
        <balance>933</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>675391.73</valUSD>
        <pctVal>0.0219416267</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA STEEL CORP</name>
        <lei>529900D3N7UIJMVJ9120</lei>
        <title>CHINA STEEL CORP</title>
        <cusip>Y15041109</cusip>
        <identifiers>
          <isin value="TW0002002003"/>
          <ticker value="CISEF"/>
        </identifiers>
        <balance>3057800</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>1811946.63</valUSD>
        <pctVal>0.0588651811</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RHB BANK BHD</name>
        <lei>549300ZHRPSV7QIUJT80</lei>
        <title>RHB BANK BHD</title>
        <cusip>Y72783106</cusip>
        <identifiers>
          <isin value="MYL1066OO009"/>
          <ticker value="RHBAF"/>
        </identifiers>
        <balance>430949</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.0775"/>
        <valUSD>877670.63</valUSD>
        <pctVal>0.0285131139</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MIRAE ASSET SECURITIES CO</name>
        <lei>98840072S6T63E2V1291</lei>
        <title>MIRAE ASSET SECURITIES CO</title>
        <cusip>Y1916K109</cusip>
        <identifiers>
          <isin value="KR7006800007"/>
          <ticker value="DGHJF"/>
        </identifiers>
        <balance>47342</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>1316283.94</valUSD>
        <pctVal>0.0427624585</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ULTRAPAR PARTICIPACOES SA</name>
        <lei>529900FU4XBXGQMLRE72</lei>
        <title>ULTRAPAR PARTICIPACOES SA</title>
        <cusip>P94396127</cusip>
        <identifiers>
          <isin value="BRUGPAACNOR8"/>
          <ticker value="ULPPF"/>
        </identifiers>
        <balance>172948</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>872730.26</valUSD>
        <pctVal>0.0283526148</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>FORMOSA PLASTICS CORP</name>
        <lei>254900KM6G17UTG1QN82</lei>
        <title>FORMOSA PLASTICS CORP</title>
        <cusip>Y26095102</cusip>
        <identifiers>
          <isin value="TW0001301000"/>
          <ticker value="FSAPF"/>
        </identifiers>
        <balance>950201</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>1627761.31</valUSD>
        <pctVal>0.0528815048</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FORMOSA CHEMS. &amp; FIBRE CO</name>
        <lei>254900OJX8UZOAIVSU82</lei>
        <title>FORMOSA CHEMS. &amp; FIBRE CO</title>
        <cusip>Y25946107</cusip>
        <identifiers>
          <isin value="TW0001326007"/>
          <ticker value="FMSFF"/>
        </identifiers>
        <balance>808499</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>1388507.7</valUSD>
        <pctVal>0.0451088106</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HMM CO LTD</name>
        <lei>988400M8Q35QDZ4XXW80</lei>
        <title>HMM CO LTD</title>
        <cusip>Y3843P102</cusip>
        <identifiers>
          <isin value="KR7011200003"/>
          <ticker value="HYMMF"/>
        </identifiers>
        <balance>48228</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>580506.2</valUSD>
        <pctVal>0.0188590558</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INTERNATIONAL CONTAINER T</name>
        <lei>254900FU1MWK0I0Q4J61</lei>
        <title>INTERNATIONAL CONTAINER T</title>
        <cusip>Y41157101</cusip>
        <identifiers>
          <isin value="PHY411571011"/>
          <ticker value="ICTEF"/>
        </identifiers>
        <balance>234180</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="61.37"/>
        <valUSD>3418892.77</valUSD>
        <pctVal>0.1110704581</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INVENTEC CORP</name>
        <lei>391200XSJU5WEVAXB086</lei>
        <title>INVENTEC CORP</title>
        <cusip>Y4176F109</cusip>
        <identifiers>
          <isin value="TW0002356003"/>
          <ticker value="IVCJF"/>
        </identifiers>
        <balance>628314</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>1334701.75</valUSD>
        <pctVal>0.0433608027</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KIA CORP</name>
        <lei>988400V8MJK9N7OI5X76</lei>
        <title>KIA CORP</title>
        <cusip>Y47601102</cusip>
        <identifiers>
          <isin value="KR7000270009"/>
          <ticker value="KIMTF"/>
        </identifiers>
        <balance>56223</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>5033938.44</valUSD>
        <pctVal>0.1635388666</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KOREA ELEC. POWER CORP</name>
        <lei>988400QG33WS7JEIV602</lei>
        <title>KOREA ELEC. POWER CORP</title>
        <cusip>Y48406105</cusip>
        <identifiers>
          <isin value="KR7015760002"/>
          <ticker value="KEPLF"/>
        </identifiers>
        <balance>60227</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>1436729.8</valUSD>
        <pctVal>0.0466754145</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KOREAN AIR LINES CO LTD</name>
        <lei>988400C2UFBF4B660C58</lei>
        <title>KOREAN AIR LINES CO LTD</title>
        <cusip>Y4936S102</cusip>
        <identifiers>
          <isin value="KR7003490000"/>
          <ticker value="KRNRF"/>
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        <balance>44652</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>801541.49</valUSD>
        <pctVal>0.0260398867</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>KUALA LUMPUR KEPONG BHD</name>
        <lei>2549009JSTRFMR7A8D34</lei>
        <title>KUALA LUMPUR KEPONG BHD</title>
        <cusip>Y47153104</cusip>
        <identifiers>
          <isin value="MYL2445OO004"/>
          <ticker value="KLKBF"/>
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        <balance>124229</balance>
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        <currencyConditional curCd="MYR" exchangeRt="4.0775"/>
        <valUSD>645473.03</valUSD>
        <pctVal>0.0209696501</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ORIENT O/SEAS. INTL. LTD</name>
        <lei>529900DQ426GJO276W95</lei>
        <title>ORIENT O/SEAS. INTL. LTD</title>
        <cusip>G67749153</cusip>
        <identifiers>
          <isin value="BMG677491539"/>
          <ticker value="OROVF"/>
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        <balance>29000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>452129.23</valUSD>
        <pctVal>0.0146884398</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>POSCO FUTURE M CO LTD KRW</name>
        <lei>N/A</lei>
        <title>POSCO FUTURE M CO LTD KRW</title>
        <cusip>Y70754109</cusip>
        <identifiers>
          <isin value="KR7003670007"/>
          <ticker value="PSCEF"/>
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        <balance>7569</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>861907.06</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LG CORP</name>
        <lei>N/A</lei>
        <title>LG CORP</title>
        <cusip>Y52755108</cusip>
        <identifiers>
          <isin value="KR7003550001"/>
          <ticker value="LGCIF"/>
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        <balance>21751</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>1371404.61</valUSD>
        <pctVal>0.0445531780</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MALAYAN BANKING BHD</name>
        <lei>5493004OT3TOY404V310</lei>
        <title>MALAYAN BANKING BHD</title>
        <cusip>Y54671105</cusip>
        <identifiers>
          <isin value="MYL1155OO000"/>
          <ticker value="MLYNF"/>
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        <balance>1358276</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.0775"/>
        <valUSD>3598160.57</valUSD>
        <pctVal>0.1168943777</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CP ALL PCL</name>
        <lei>894500LSBZLM09TY1A91</lei>
        <title>CP ALL PCL</title>
        <cusip>Y1772K128</cusip>
        <identifiers>
          <isin value="TH0737010R15"/>
          <ticker value="CVPUF"/>
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        <balance>356436</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.2205"/>
        <valUSD>505499.34</valUSD>
        <pctVal>0.0164222885</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAMSUNG HEAVY INDS. CO LT</name>
        <lei>988400OSK0T9LDTWNC20</lei>
        <title>SAMSUNG HEAVY INDS. CO LT</title>
        <cusip>Y7474M106</cusip>
        <identifiers>
          <isin value="KR7010140002"/>
          <ticker value="2650897D"/>
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        <balance>156135</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>2359933.11</valUSD>
        <pctVal>0.0766677604</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HANWHA AEROSPACE CO LTD</name>
        <lei>9884001NSUA8FQKQWR25</lei>
        <title>HANWHA AEROSPACE CO LTD</title>
        <cusip>Y7470L102</cusip>
        <identifiers>
          <isin value="KR7012450003"/>
          <ticker value="SSASF"/>
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        <balance>8032</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>5173629.28</valUSD>
        <pctVal>0.1680770392</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HINDUSTAN UNILEVER LTD</name>
        <lei>5493007IW5N37IKRPM32</lei>
        <title>HINDUSTAN UNILEVER LTD</title>
        <cusip>Y3222L102</cusip>
        <identifiers>
          <isin value="INE030A01027"/>
          <ticker value="HINLF"/>
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        <balance>169060</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>3789948.36</valUSD>
        <pctVal>0.1231250375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FORTIS HEALTHCARE LTD</name>
        <lei>3358001Q5ZJC4M83WH02</lei>
        <title>FORTIS HEALTHCARE LTD</title>
        <cusip>Y26160104</cusip>
        <identifiers>
          <isin value="INE061F01013"/>
          <ticker value="FORTIS"/>
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        <balance>113944</balance>
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        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1160493.15</valUSD>
        <pctVal>0.0377012426</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNITED MICROELEC. CORP</name>
        <lei>391200YJCAGH9LF96P73</lei>
        <title>UNITED MICROELEC. CORP</title>
        <cusip>Y92370108</cusip>
        <identifiers>
          <isin value="TW0002303005"/>
          <ticker value="UMELF"/>
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        <balance>2722175</balance>
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        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>14603157.24</valUSD>
        <pctVal>0.4744165650</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WAN HAI LINES LTD</name>
        <lei>N/A</lei>
        <title>WAN HAI LINES LTD</title>
        <cusip>Y9507R102</cusip>
        <identifiers>
          <isin value="TW0002615002"/>
          <ticker value="2615"/>
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        <balance>147005</balance>
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        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>366030</valUSD>
        <pctVal>0.0118913118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>INDUSTRIAS PENOLES SAB DE</name>
        <lei>549300WA2HB7776CB324</lei>
        <title>INDUSTRIAS PENOLES SAB DE</title>
        <cusip>P55409141</cusip>
        <identifiers>
          <isin value="MXP554091415"/>
          <ticker value="IPOAF"/>
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        <balance>46814</balance>
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        <currencyConditional curCd="MXN" exchangeRt="17.4875"/>
        <valUSD>2043325.69</valUSD>
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        <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>
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      </invstOrSec>
      <invstOrSec>
        <name>GRUPO FINANCIERO INBURSA</name>
        <lei>N/A</lei>
        <title>GRUPO FINANCIERO INBURSA</title>
        <cusip>P4950U165</cusip>
        <identifiers>
          <isin value="MXP370641013"/>
          <ticker value="GPFOF"/>
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        <balance>343141</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.4875"/>
        <valUSD>817848</valUSD>
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        <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>
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      <invstOrSec>
        <name>ULKER BISKUVI SANAYI AS</name>
        <lei>7890009HEU9BS7J3DA93</lei>
        <title>ULKER BISKUVI SANAYI AS</title>
        <cusip>M90358108</cusip>
        <identifiers>
          <isin value="TREULKR00015"/>
          <ticker value="ULKER"/>
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        <balance>.09</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="46.64625"/>
        <valUSD>.19</valUSD>
        <pctVal>0.0000000062</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>YAGEO CORP</name>
        <lei>5493001P0TOZH7GGNQ21</lei>
        <title>YAGEO CORP</title>
        <cusip>Y9723R100</cusip>
        <identifiers>
          <isin value="TW0002327004"/>
          <ticker value="YGEQF"/>
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        <balance>374500</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>13547912.89</valUSD>
        <pctVal>0.4401345676</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BHARTI AIRTEL LTD</name>
        <lei>335800KQ1FPKOQ84OR26</lei>
        <title>BHARTI AIRTEL LTD</title>
        <cusip>Y0885K108</cusip>
        <identifiers>
          <isin value="INE397D01024"/>
          <ticker value="BHTIF"/>
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        <balance>660816</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>12950518.84</valUSD>
        <pctVal>0.4207268718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LONGFOR GRP. HLDGS. LTD</name>
        <lei>254900UJX27B2F1JYR13</lei>
        <title>LONGFOR GRP. HLDGS. LTD</title>
        <cusip>G5635P109</cusip>
        <identifiers>
          <isin value="KYG5635P1090"/>
          <ticker value="LNGPF"/>
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        <balance>510345</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>391431.6</valUSD>
        <pctVal>0.0127165401</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>MERITZ FINL. GRP. INC</name>
        <lei>N/A</lei>
        <title>MERITZ FINL. GRP. INC</title>
        <cusip>Y59496102</cusip>
        <identifiers>
          <isin value="KR7138040001"/>
          <ticker value="A138040"/>
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        <balance>16575</balance>
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        <valUSD>1133591.19</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BANK OF CHINA LTD</name>
        <lei>54930053HGCFWVHYZX42</lei>
        <title>BANK OF CHINA LTD</title>
        <cusip>Y13905107</cusip>
        <identifiers>
          <isin value="CNE000001N05"/>
          <ticker value="BACZF"/>
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        <balance>619900</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>522263.14</valUSD>
        <pctVal>0.0169668984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA CITIC BANK CORP LTD</name>
        <lei>300300C1030211000384</lei>
        <title>CHINA CITIC BANK CORP LTD</title>
        <cusip>Y1434M108</cusip>
        <identifiers>
          <isin value="CNE1000000R4"/>
          <ticker value="CHCKF"/>
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        <balance>141900</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>144915.84</valUSD>
        <pctVal>0.0047079186</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA MOLYBDENUM CO LTD</name>
        <lei>2549008KG3638J59U652</lei>
        <title>CHINA MOLYBDENUM CO LTD</title>
        <cusip>Y1503Z113</cusip>
        <identifiers>
          <isin value="CNE100001NR0"/>
          <ticker value="603993"/>
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        <balance>270400</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>704334.23</valUSD>
        <pctVal>0.0228818892</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FOCUS MEDIA INFO. TECH. C</name>
        <lei>300300V7WGZW0LZKTD06</lei>
        <title>FOCUS MEDIA INFO. TECH. C</title>
        <cusip>Y29327114</cusip>
        <identifiers>
          <isin value="CNE000001KK2"/>
          <ticker value="002027"/>
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        <balance>208900</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>149298.59</valUSD>
        <pctVal>0.0048503021</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA VANKE CO LTD</name>
        <lei>529900E66UJ2DWY7KW55</lei>
        <title>CHINA VANKE CO LTD</title>
        <cusip>Y77421116</cusip>
        <identifiers>
          <isin value="CNE0000000T2"/>
          <ticker value="CVKAF"/>
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        <balance>202600</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>88557.46</valUSD>
        <pctVal>0.0028769892</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GF SECS. CO LTD</name>
        <lei>3003007E0Y3ZJ5HNA936</lei>
        <title>GF SECS. CO LTD</title>
        <cusip>Y270AF107</cusip>
        <identifiers>
          <isin value="CNE0000008L2"/>
          <ticker value="000776"/>
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        <balance>96993</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>335408.71</valUSD>
        <pctVal>0.0108965099</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WEICHAI POWER CO LTD</name>
        <lei>529900OKTPKBG85F9502</lei>
        <title>WEICHAI POWER CO LTD</title>
        <cusip>Y9531A117</cusip>
        <identifiers>
          <isin value="CNE1000000D4"/>
          <ticker value="000338"/>
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        <balance>107100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>434440.04</valUSD>
        <pctVal>0.0141137665</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA YANGTZE POWER CO A</name>
        <lei>3003008VX8JFJXA6QP74</lei>
        <title>CHINA YANGTZE POWER CO A</title>
        <cusip>Y1516Q142</cusip>
        <identifiers>
          <isin value="CNE000001G87"/>
          <ticker value="CYGZF"/>
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        <balance>342100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>1334518.54</valUSD>
        <pctVal>0.0433548507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GOLDWIND SCIENCE</name>
        <lei>3003008X6GR2ZPYM2V54</lei>
        <title>GOLDWIND SCIENCE</title>
        <cusip>Y97237104</cusip>
        <identifiers>
          <isin value="CNE1000008S5"/>
          <ticker value="002202"/>
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        <balance>42100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>148832.6</valUSD>
        <pctVal>0.0048351634</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GOERTEK INC</name>
        <lei>300300FEEFS8BQPXIV57</lei>
        <title>GOERTEK INC</title>
        <cusip>Y27360109</cusip>
        <identifiers>
          <isin value="CNE100000BP1"/>
          <ticker value="002241"/>
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        <balance>41300</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>138503.87</valUSD>
        <pctVal>0.0044996112</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UNISPLENDOUR CORP LTD</name>
        <lei>300300Z3RHZRXCNTRC53</lei>
        <title>UNISPLENDOUR CORP LTD</title>
        <cusip>Y8997B106</cusip>
        <identifiers>
          <isin value="CNE0000010T1"/>
          <ticker value="000938"/>
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        <balance>32948</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>142149.12</valUSD>
        <pctVal>0.0046180354</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DONGXING SECURITIES CO LT</name>
        <lei>3003005E7NY9IQW9AF89</lei>
        <title>DONGXING SECURITIES CO LT</title>
        <cusip>Y209G1100</cusip>
        <identifiers>
          <isin value="CNE100002177"/>
          <ticker value="601198"/>
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        <balance>50400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>101009.13</valUSD>
        <pctVal>0.0032815099</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK OF SHANGHAI CO LTD</name>
        <lei>300300C1091231000098</lei>
        <title>BANK OF SHANGHAI CO LTD</title>
        <cusip>Y0R98R107</cusip>
        <identifiers>
          <isin value="CNE100002FM5"/>
          <ticker value="601229"/>
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        <balance>215871</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>276128.49</valUSD>
        <pctVal>0.0089706580</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TONGWEI CO LTD</name>
        <lei>3003009CW4QYMCG0BH89</lei>
        <title>TONGWEI CO LTD</title>
        <cusip>Y8884V108</cusip>
        <identifiers>
          <isin value="CNE000001GS3"/>
          <ticker value="600438"/>
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        <balance>62300</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>111413.41</valUSD>
        <pctVal>0.0036195164</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PETROCHINA CO LTD</name>
        <lei>529900RPY4YG47TRSV05</lei>
        <title>PETROCHINA CO LTD</title>
        <cusip>Y6883Q138</cusip>
        <identifiers>
          <isin value="CNE1000007Q1"/>
          <ticker value="601857"/>
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        <balance>329500</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>417249.51</valUSD>
        <pctVal>0.0135552933</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA MERCHANTS SECS. CO</name>
        <lei>30030060IEIMX476KH87</lei>
        <title>CHINA MERCHANTS SECS. CO</title>
        <cusip>Y14904109</cusip>
        <identifiers>
          <isin value="CNE100000HK9"/>
          <ticker value="600999"/>
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        <balance>127910</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>399050.65</valUSD>
        <pctVal>0.0129640622</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHAANXI COAL IND. CO LTD</name>
        <lei>N/A</lei>
        <title>SHAANXI COAL IND. CO LTD</title>
        <cusip>Y7679D109</cusip>
        <identifiers>
          <isin value="CNE100001T64"/>
          <ticker value="601225"/>
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        <balance>128700</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>384037.05</valUSD>
        <pctVal>0.0124763115</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BYD CO LTD</name>
        <lei>5299005557VL7ULJ7A69</lei>
        <title>BYD CO LTD</title>
        <cusip>Y1023R120</cusip>
        <identifiers>
          <isin value="CNE100001526"/>
          <ticker value="002594"/>
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        <balance>83700</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>983081.79</valUSD>
        <pctVal>0.0319376336</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ZOOMLION HEAVY IND. SCIEN</name>
        <lei>529900QZ3EMAU0QKFK85</lei>
        <title>ZOOMLION HEAVY IND. SCIEN</title>
        <cusip>Y1293Y102</cusip>
        <identifiers>
          <isin value="CNE000001527"/>
          <ticker value="CZHIF"/>
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        <balance>111600</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>114965.71</valUSD>
        <pctVal>0.0037349209</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JSW ENERGY LTD</name>
        <lei>3358001ZFBW2VIMBMI85</lei>
        <title>JSW ENERGY LTD</title>
        <cusip>Y44677105</cusip>
        <identifiers>
          <isin value="INE121E01018"/>
          <ticker value="JSWENERGY"/>
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        <balance>97739</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>607354.3</valUSD>
        <pctVal>0.0197312770</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ANGEL YEAST CO LTD</name>
        <lei>3003002K1DZ78FXZXI48</lei>
        <title>ANGEL YEAST CO LTD</title>
        <cusip>Y3746S104</cusip>
        <identifiers>
          <isin value="CNE0000014G0"/>
          <ticker value="600298"/>
        </identifiers>
        <balance>9100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>48537.77</valUSD>
        <pctVal>0.0015768592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPRING AIRLINES CO LTD</name>
        <lei>300300EPVZRXQONKPM53</lei>
        <title>SPRING AIRLINES CO LTD</title>
        <cusip>Y8131G102</cusip>
        <identifiers>
          <isin value="CNE100001V45"/>
          <ticker value="601021"/>
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        <balance>15800</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>106906.69</valUSD>
        <pctVal>0.0034731054</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YUNNAN TIN CO LTD</name>
        <lei>3003005QWPI5MVQF6K65</lei>
        <title>YUNNAN TIN CO LTD</title>
        <cusip>Y9882W106</cusip>
        <identifiers>
          <isin value="CNE0000011D3"/>
          <ticker value="000960"/>
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        <balance>10300</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>65524.53</valUSD>
        <pctVal>0.0021287124</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EMAAR DEV. PJSC</name>
        <lei>N/A</lei>
        <title>EMAAR DEV. PJSC</title>
        <cusip>M4100K102</cusip>
        <identifiers>
          <isin value="AEE001901017"/>
          <ticker value="EMAARDEV"/>
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        <balance>212322</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.6728"/>
        <valUSD>805884.77</valUSD>
        <pctVal>0.0261809880</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HENGLI PETROCHEMICAL CO L</name>
        <lei>N/A</lei>
        <title>HENGLI PETROCHEMICAL CO L</title>
        <cusip>Y1963X103</cusip>
        <identifiers>
          <isin value="CNE0000018V0"/>
          <ticker value="600346"/>
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        <balance>104160</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>272306.71</valUSD>
        <pctVal>0.0088464989</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TIANFENG SECS. CO LTD</name>
        <lei>300300E1007142000089</lei>
        <title>TIANFENG SECS. CO LTD</title>
        <cusip>Y8817L102</cusip>
        <identifiers>
          <isin value="CNE100003F43"/>
          <ticker value="601162"/>
        </identifiers>
        <balance>117500</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>58510.22</valUSD>
        <pctVal>0.0019008367</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HAIER SMART HOME CO LTD</name>
        <lei>3003002BYTNGNJTWSH07</lei>
        <title>HAIER SMART HOME CO LTD</title>
        <cusip>Y298BN100</cusip>
        <identifiers>
          <isin value="CNE1000048K8"/>
          <ticker value="HRSHF"/>
        </identifiers>
        <balance>525800</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>1345409.47</valUSD>
        <pctVal>0.0437086672</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA RUYI</name>
        <lei>984500976440498D1C06</lei>
        <title>CHINA RUYI</title>
        <cusip>G4404N114</cusip>
        <identifiers>
          <isin value="BMG4404N1149"/>
          <ticker value="HNTGF"/>
        </identifiers>
        <balance>2960000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>564470.02</valUSD>
        <pctVal>0.0183380843</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="111291.110000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>ACM RESEARCH SHANGHAI INC</name>
        <lei>N/A</lei>
        <title>ACM RESEARCH SHANGHAI INC</title>
        <cusip>Y002HF107</cusip>
        <identifiers>
          <isin value="CNE100004ZD8"/>
          <ticker value="688082"/>
        </identifiers>
        <balance>3200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>205599.35</valUSD>
        <pctVal>0.0066793595</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIWAY BIOPHARMACEUTICAL</name>
        <lei>984500D2D587B98A7B13</lei>
        <title>CALIWAY BIOPHARMACEUTICAL</title>
        <cusip>Y1R86A106</cusip>
        <identifiers>
          <isin value="TW0006919004"/>
          <ticker value="CLBPF"/>
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        <balance>197000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>622544.21</valUSD>
        <pctVal>0.0202247556</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JBS N.V. COM EUR0.01 CL A</name>
        <lei>254900JSFON4WL81TW77</lei>
        <title>JBS N.V. COM EUR0.01 CL A</title>
        <cusip>N4732M103</cusip>
        <identifiers>
          <isin value="NL0015002J37"/>
          <ticker value="JBS"/>
        </identifiers>
        <balance>10930</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>129520.5</valUSD>
        <pctVal>0.0042077661</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ALPHA BANK SA</name>
        <lei>213800DBQIB6VBNU5C64</lei>
        <title>ALPHA BANK SA</title>
        <cusip>X0085P163</cusip>
        <identifiers>
          <isin value="GRS830003000"/>
          <ticker value="APHBF"/>
        </identifiers>
        <balance>400480</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8751969"/>
        <valUSD>1814720.78</valUSD>
        <pctVal>0.0589553057</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DELTON TECHNOLOGY (GUANGZ</name>
        <lei>300300G920457C2YSD26</lei>
        <title>DELTON TECHNOLOGY (GUANGZ</title>
        <cusip>Y202PB103</cusip>
        <identifiers>
          <isin value="CNE100006HM2"/>
          <ticker value="001389"/>
        </identifiers>
        <balance>5800</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>204551.72</valUSD>
        <pctVal>0.0066453249</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA LIFE INSURANCE CO</name>
        <lei>549300J6TFLDXGH6S048</lei>
        <title>CHINA LIFE INSURANCE CO</title>
        <cusip>Y1477R220</cusip>
        <identifiers>
          <isin value="CNE000001Q93"/>
          <ticker value="601628"/>
        </identifiers>
        <balance>35600</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>185429.32</valUSD>
        <pctVal>0.0060240905</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHANGHAI COMMER. &amp; SAVING</name>
        <lei>549300TLB5ALPCGBHN23</lei>
        <title>SHANGHAI COMMER. &amp; SAVING</title>
        <cusip>Y7681K109</cusip>
        <identifiers>
          <isin value="TW0005876007"/>
          <ticker value="5876"/>
        </identifiers>
        <balance>846798</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>1136921.3</valUSD>
        <pctVal>0.0369354578</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHONGQING CHANGAN AUTOMOB</name>
        <lei>300300WKFSBX9P5ZOM25</lei>
        <title>CHONGQING CHANGAN AUTOMOB</title>
        <cusip>Y1R84W100</cusip>
        <identifiers>
          <isin value="CNE000000R36"/>
          <ticker value="CHQCF"/>
        </identifiers>
        <balance>104368</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>110274.59</valUSD>
        <pctVal>0.0035825193</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INNER MONGOLIA XINGYE SIL</name>
        <lei>N/A</lei>
        <title>INNER MONGOLIA XINGYE SIL</title>
        <cusip>Y13689107</cusip>
        <identifiers>
          <isin value="CNE000000D24"/>
          <ticker value="000426"/>
        </identifiers>
        <balance>24100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>118329.07</valUSD>
        <pctVal>0.0038441873</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ABSA GRP. LTD</name>
        <lei>2138006IPPRD4N6XLT30</lei>
        <title>ABSA GRP. LTD</title>
        <cusip>S0270C106</cusip>
        <identifiers>
          <isin value="ZAE000255915"/>
          <ticker value="AGRPF"/>
        </identifiers>
        <balance>199618</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.38"/>
        <valUSD>2774868.59</valUSD>
        <pctVal>0.0901478772</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALLEGRO.EU SA</name>
        <lei>222100VRLXV3FPMG4982</lei>
        <title>ALLEGRO.EU SA</title>
        <cusip>L0R67D109</cusip>
        <identifiers>
          <isin value="LU2237380790"/>
          <ticker value="ALEGF"/>
        </identifiers>
        <balance>219459</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.7618"/>
        <valUSD>2207946.89</valUSD>
        <pctVal>0.0717301445</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TIM SA/BRAZIL</name>
        <lei>529900QI0CH1DN5ZCS77</lei>
        <title>TIM SA/BRAZIL</title>
        <cusip>P9153B104</cusip>
        <identifiers>
          <isin value="BRTIMSACNOR5"/>
          <ticker value="TIMS3"/>
        </identifiers>
        <balance>194300</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>826912.62</valUSD>
        <pctVal>0.0268641252</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>APL APOLLO TUBES LTD</name>
        <lei>335800ZU4GXSB7Q4IU95</lei>
        <title>APL APOLLO TUBES LTD</title>
        <cusip>Y0181Q148</cusip>
        <identifiers>
          <isin value="INE702C01027"/>
          <ticker value="APLAPOLLO"/>
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        <balance>45070</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>857769.36</valUSD>
        <pctVal>0.0278665762</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FOUNDER TECHNOLOGY GROUP</name>
        <lei>N/A</lei>
        <title>FOUNDER TECHNOLOGY GROUP</title>
        <cusip>Y2620T105</cusip>
        <identifiers>
          <isin value="CNE0000001S2"/>
          <ticker value="600601"/>
        </identifiers>
        <balance>67800</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>139207.69</valUSD>
        <pctVal>0.0045224764</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SUZHOU EVERBRIGHT PHOTONI</name>
        <lei>N/A</lei>
        <title>SUZHOU EVERBRIGHT PHOTONI</title>
        <cusip>Y806WD109</cusip>
        <identifiers>
          <isin value="CNE100005ZH6"/>
          <ticker value="688048"/>
        </identifiers>
        <balance>3200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>243125.97</valUSD>
        <pctVal>0.0078984966</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NATIONAL BANK OF KUWAIT S</name>
        <lei>549300NB7FE83IH6BW96</lei>
        <title>NATIONAL BANK OF KUWAIT S</title>
        <cusip>M7103V108</cusip>
        <identifiers>
          <isin value="KW0EQ0100010"/>
          <ticker value="NBK"/>
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        <balance>2048901</balance>
        <units>NS</units>
        <currencyConditional curCd="KWD" exchangeRt=".3098"/>
        <valUSD>5337815.27</valUSD>
        <pctVal>0.1734109921</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DONGFANG ELEC. CORP LTD</name>
        <lei>529900ISAW6T566F0R12</lei>
        <title>DONGFANG ELEC. CORP LTD</title>
        <cusip>Y20958115</cusip>
        <identifiers>
          <isin value="CNE000000J28"/>
          <ticker value="600875"/>
        </identifiers>
        <balance>51700</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>220629.05</valUSD>
        <pctVal>0.0071676333</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HUANENG POWER INTL. INC</name>
        <lei>529900WU0SMVKMPG4V21</lei>
        <title>HUANENG POWER INTL. INC</title>
        <cusip>Y3744A113</cusip>
        <identifiers>
          <isin value="CNE000001998"/>
          <ticker value="HUNWF"/>
        </identifiers>
        <balance>164000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>183163.02</valUSD>
        <pctVal>0.0059504646</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NARI TECHNOLOGY CO LTD A</name>
        <lei>3003006IGH1W58MAQM05</lei>
        <title>NARI TECHNOLOGY CO LTD A</title>
        <cusip>Y6S99Q112</cusip>
        <identifiers>
          <isin value="CNE000001G38"/>
          <ticker value="GNRIF"/>
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        <balance>127406</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>429813.8</valUSD>
        <pctVal>0.0139634726</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUADIAN POWER INTL. CORP</name>
        <lei>529900207FCOKWBDRE79</lei>
        <title>HUADIAN POWER INTL. CORP</title>
        <cusip>Y3738Y119</cusip>
        <identifiers>
          <isin value="CNE000001LJ2"/>
          <ticker value="HPIZF"/>
        </identifiers>
        <balance>212400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>139508.42</valUSD>
        <pctVal>0.0045322463</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENEL CHILE SA</name>
        <lei>549300YM5CWCAUVOPB53</lei>
        <title>ENEL CHILE SA</title>
        <cusip>P3762G109</cusip>
        <identifiers>
          <isin value="CL0002266774"/>
          <ticker value="ENELCHILE"/>
        </identifiers>
        <balance>5094720</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="921.965"/>
        <valUSD>447600.85</valUSD>
        <pctVal>0.0145413252</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>NINGBO TUOPU GRP. CO LTD</name>
        <lei>N/A</lei>
        <title>NINGBO TUOPU GRP. CO LTD</title>
        <cusip>Y62990109</cusip>
        <identifiers>
          <isin value="CNE1000023J3"/>
          <ticker value="601689"/>
        </identifiers>
        <balance>27095</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>226269.62</valUSD>
        <pctVal>0.0073508800</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ISOFTSTONE INFO. TECH. GR</name>
        <lei>N/A</lei>
        <title>ISOFTSTONE INFO. TECH. GR</title>
        <cusip>Y417DH107</cusip>
        <identifiers>
          <isin value="CNE1000058S0"/>
          <ticker value="301236"/>
        </identifiers>
        <balance>31500</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>197845.89</valUSD>
        <pctVal>0.0064274709</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INNER MONGOLIA YILI INDS.</name>
        <lei>3003002Q2A863JPQFH06</lei>
        <title>INNER MONGOLIA YILI INDS.</title>
        <cusip>Y408DG116</cusip>
        <identifiers>
          <isin value="CNE000000JP5"/>
          <ticker value="600887"/>
        </identifiers>
        <balance>101300</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>357982.69</valUSD>
        <pctVal>0.0116298767</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LUXSHARE PRECISION IND. C</name>
        <lei>300300QLLDUELXN16530</lei>
        <title>LUXSHARE PRECISION IND. C</title>
        <cusip>Y7744X106</cusip>
        <identifiers>
          <isin value="CNE100000TP3"/>
          <ticker value="002475"/>
        </identifiers>
        <balance>111605</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>1177976.78</valUSD>
        <pctVal>0.0382692378</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WANXIANG QIANCHAO CO LTD</name>
        <lei>300300WMILSKZLS04K91</lei>
        <title>WANXIANG QIANCHAO CO LTD</title>
        <cusip>Y9505H106</cusip>
        <identifiers>
          <isin value="CNE000000FB3"/>
          <ticker value="000559"/>
        </identifiers>
        <balance>51200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>98027.52</valUSD>
        <pctVal>0.0031846455</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PEOPLE S INS. CO GRP. OF</name>
        <lei>3003000P2JHYHQ524P66</lei>
        <title>PEOPLE S INS. CO GRP. OF</title>
        <cusip>Y6800A117</cusip>
        <identifiers>
          <isin value="CNE100003F27"/>
          <ticker value="601319"/>
        </identifiers>
        <balance>152500</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>151893.29</valUSD>
        <pctVal>0.0049345968</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GDS HLDGS. LTD</name>
        <lei>391200MGV8DDCHTN2R77</lei>
        <title>GDS HLDGS. LTD</title>
        <cusip>G3902L109</cusip>
        <identifiers>
          <isin value="KYG3902L1095"/>
          <ticker value="GDHLF"/>
        </identifiers>
        <balance>268000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>987661.01</valUSD>
        <pctVal>0.0320864000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VERISILICON MICROELEC. SH</name>
        <lei>836800TNWRM7QRXH6S33</lei>
        <title>VERISILICON MICROELEC. SH</title>
        <cusip>Y92782104</cusip>
        <identifiers>
          <isin value="CNE100004413"/>
          <ticker value="688521"/>
        </identifiers>
        <balance>9356</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>518483.38</valUSD>
        <pctVal>0.0168441043</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KE HOLDINGS INC</name>
        <lei>254900RHVY072XPAZE03</lei>
        <title>KE HOLDINGS INC</title>
        <cusip>G5223Y108</cusip>
        <identifiers>
          <isin value="KYG5223Y1089"/>
          <ticker value="2423"/>
        </identifiers>
        <balance>479843</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>2312284.11</valUSD>
        <pctVal>0.0751197749</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZANGGE MINING CO LTD</name>
        <lei>N/A</lei>
        <title>ZANGGE MINING CO LTD</title>
        <cusip>Y9885K117</cusip>
        <identifiers>
          <isin value="CNE000000L08"/>
          <ticker value="000408"/>
        </identifiers>
        <balance>27000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>275233.19</valUSD>
        <pctVal>0.0089415722</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MANKIND PHARMA LTD</name>
        <lei>33580067G8AZ7S8NYA02</lei>
        <title>MANKIND PHARMA LTD</title>
        <cusip>Y57688114</cusip>
        <identifiers>
          <isin value="INE634S01028"/>
          <ticker value="MANKIND"/>
        </identifiers>
        <balance>26164</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>707610.41</valUSD>
        <pctVal>0.0229883233</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HESAI GROUP</name>
        <lei>836800KOYHURQT1JZY11</lei>
        <title>HESAI GROUP</title>
        <cusip>G4417G106</cusip>
        <identifiers>
          <isin value="KYG4417G1064"/>
          <ticker value="HSIGF"/>
        </identifiers>
        <balance>29260</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>524251.95</valUSD>
        <pctVal>0.0170315094</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="403571.780000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DAR AL ARKAN REAL ESTATE</name>
        <lei>558600USX20EGH6LVQ89</lei>
        <title>DAR AL ARKAN REAL ESTATE</title>
        <cusip>M2723D109</cusip>
        <identifiers>
          <isin value="SA11U0S23612"/>
          <ticker value="4300"/>
        </identifiers>
        <balance>134710</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>646587.54</valUSD>
        <pctVal>0.0210058575</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NATIONAL ALUMINIUM CO LTD</name>
        <lei>335800OM1V78CX7SSC72</lei>
        <title>NATIONAL ALUMINIUM CO LTD</title>
        <cusip>Y6211M130</cusip>
        <identifiers>
          <isin value="INE139A01034"/>
          <ticker value="NATIONALUM"/>
        </identifiers>
        <balance>208388</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>751766.31</valUSD>
        <pctVal>0.0244228275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YANKUANG ENERGY GRP. CO L</name>
        <lei>3003005N7A6HYZ4Z0K39</lei>
        <title>YANKUANG ENERGY GRP. CO L</title>
        <cusip>Y97417110</cusip>
        <identifiers>
          <isin value="CNE000000WV6"/>
          <ticker value="YZCIF"/>
        </identifiers>
        <balance>72215</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>187724.56</valUSD>
        <pctVal>0.0060986566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JIANGSU HENGRUI PHARMACEU</name>
        <lei>2549003BT1XS3SE3E448</lei>
        <title>JIANGSU HENGRUI PHARMACEU</title>
        <cusip>Y4446S105</cusip>
        <identifiers>
          <isin value="CNE0000014W7"/>
          <ticker value="JHGUF"/>
        </identifiers>
        <balance>93385</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>717801.93</valUSD>
        <pctVal>0.0233194179</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SANY HEAVY IND. CO LTD</name>
        <lei>3003001FS86S7NYOHV89</lei>
        <title>SANY HEAVY IND. CO LTD</title>
        <cusip>Y75268105</cusip>
        <identifiers>
          <isin value="CNE000001F70"/>
          <ticker value="SHVYF"/>
        </identifiers>
        <balance>116800</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>298506.67</valUSD>
        <pctVal>0.0096976638</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHANGHAI ELEC. POWER CO L</name>
        <lei>3003009ZN0X3RFO4QY68</lei>
        <title>SHANGHAI ELEC. POWER CO L</title>
        <cusip>Y7T829116</cusip>
        <identifiers>
          <isin value="CNE000001G53"/>
          <ticker value="600021"/>
        </identifiers>
        <balance>38500</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>85500.57</valUSD>
        <pctVal>0.0027776792</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PING AN INS. GRP. CO OF C</name>
        <lei>529900M9MC28JLN35U89</lei>
        <title>PING AN INS. GRP. CO OF C</title>
        <cusip>Y69790114</cusip>
        <identifiers>
          <isin value="CNE000001R84"/>
          <ticker value="601318"/>
        </identifiers>
        <balance>156735</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>1105236.15</valUSD>
        <pctVal>0.0359060941</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZHEJIANG CHINT ELECTRICS</name>
        <lei>N/A</lei>
        <title>ZHEJIANG CHINT ELECTRICS</title>
        <cusip>Y988AY103</cusip>
        <identifiers>
          <isin value="CNE100000KD8"/>
          <ticker value="601877"/>
        </identifiers>
        <balance>28994</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>107429.58</valUSD>
        <pctVal>0.0034900927</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GUANGZHOU AUTOMOBILE GRP.</name>
        <lei>5299005KY9BJO3ZE6A37</lei>
        <title>GUANGZHOU AUTOMOBILE GRP.</title>
        <cusip>Y2R318105</cusip>
        <identifiers>
          <isin value="CNE100001NQ2"/>
          <ticker value="601238"/>
        </identifiers>
        <balance>68100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>51066.41</valUSD>
        <pctVal>0.0016590077</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CPFL ENERGIA SA</name>
        <lei>529900GBWSBDXN8GGM28</lei>
        <title>CPFL ENERGIA SA</title>
        <cusip>P3179C105</cusip>
        <identifiers>
          <isin value="BRCPFEACNOR0"/>
          <ticker value="CPFE3"/>
        </identifiers>
        <balance>50400</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>436117.23</valUSD>
        <pctVal>0.0141682538</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>QATAR ISLAMIC BANK SAQ</name>
        <lei>254900CFGPXJI71OHT95</lei>
        <title>QATAR ISLAMIC BANK SAQ</title>
        <cusip>M8179Y109</cusip>
        <identifiers>
          <isin value="QA0006929853"/>
          <ticker value="QIBK"/>
        </identifiers>
        <balance>404810</balance>
        <units>NS</units>
        <currencyConditional curCd="QAR" exchangeRt="3.641"/>
        <valUSD>2435268.67</valUSD>
        <pctVal>0.0791152063</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>QA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SINOPHARM GRP. CO LTD</name>
        <lei>529900N54X78YH9JYK92</lei>
        <title>SINOPHARM GRP. CO LTD</title>
        <cusip>Y8008N107</cusip>
        <identifiers>
          <isin value="CNE100000FN7"/>
          <ticker value="SHTDF"/>
        </identifiers>
        <balance>301114</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>611787.67</valUSD>
        <pctVal>0.0198753051</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PEGATRON CORP</name>
        <lei>529900M87JQS8TUO0L66</lei>
        <title>PEGATRON CORP</title>
        <cusip>Y6784J100</cusip>
        <identifiers>
          <isin value="TW0004938006"/>
          <ticker value="PGTRF"/>
        </identifiers>
        <balance>513527</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>1355157.71</valUSD>
        <pctVal>0.0440253608</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MONETA MONEY BANK AS</name>
        <lei>I6USJ58BDV2BO5KP3C31</lei>
        <title>MONETA MONEY BANK AS</title>
        <cusip>X3R0GS100</cusip>
        <identifiers>
          <isin value="CZ0008040318"/>
          <ticker value="GMYYF"/>
        </identifiers>
        <balance>67015</balance>
        <units>NS</units>
        <currencyConditional curCd="CZK" exchangeRt="21.24235"/>
        <valUSD>587560.36</valUSD>
        <pctVal>0.0190882261</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK OF NINGBO CO LTD</name>
        <lei>300300C1092133000091</lei>
        <title>BANK OF NINGBO CO LTD</title>
        <cusip>Y0698G104</cusip>
        <identifiers>
          <isin value="CNE1000005P7"/>
          <ticker value="002142"/>
        </identifiers>
        <balance>103450</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>452641.51</valUSD>
        <pctVal>0.0147050824</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JENTECH PRECISION INDL. C</name>
        <lei>N/A</lei>
        <title>JENTECH PRECISION INDL. C</title>
        <cusip>Y4432G115</cusip>
        <identifiers>
          <isin value="TW0003653002"/>
          <ticker value="3653"/>
        </identifiers>
        <balance>20934</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>2274682.51</valUSD>
        <pctVal>0.0738982020</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MABANEE CO KPSC</name>
        <lei>N/A</lei>
        <title>MABANEE CO KPSC</title>
        <cusip>M6782J113</cusip>
        <identifiers>
          <isin value="KW0EQ0400725"/>
          <ticker value="MABANEE"/>
        </identifiers>
        <balance>191943</balance>
        <units>NS</units>
        <currencyConditional curCd="KWD" exchangeRt=".3098"/>
        <valUSD>573290.54</valUSD>
        <pctVal>0.0186246388</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INTERCONEXION ELECTRICA S</name>
        <lei>5493007GMWK7ZHVQ5362</lei>
        <title>INTERCONEXION ELECTRICA S</title>
        <cusip>P5624U101</cusip>
        <identifiers>
          <isin value="COE15PA00026"/>
          <ticker value="ISA"/>
        </identifiers>
        <balance>102011</balance>
        <units>NS</units>
        <currencyConditional curCd="COP" exchangeRt="3418.22"/>
        <valUSD>880377.65</valUSD>
        <pctVal>0.0286010576</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>TATA CONSUMER PRODS. LTD</name>
        <lei>335800LOXFWU8ZQJMD12</lei>
        <title>TATA CONSUMER PRODS. LTD</title>
        <cusip>Y85484130</cusip>
        <identifiers>
          <isin value="INE192A01025"/>
          <ticker value="TATACONSUM"/>
        </identifiers>
        <balance>139480</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1595974.07</valUSD>
        <pctVal>0.0518488245</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NAURA TECH. GRP. CO LTD</name>
        <lei>300300JI5I0B95GO5C39</lei>
        <title>NAURA TECH. GRP. CO LTD</title>
        <cusip>Y0772M100</cusip>
        <identifiers>
          <isin value="CNE100000ML7"/>
          <ticker value="002371"/>
        </identifiers>
        <balance>10105</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>1325608.26</valUSD>
        <pctVal>0.0430653801</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JIANGSU YANGHE BREWERY JO</name>
        <lei>655600IQ7FXTTBKI8H68</lei>
        <title>JIANGSU YANGHE BREWERY JO</title>
        <cusip>Y444AE101</cusip>
        <identifiers>
          <isin value="CNE100000HB8"/>
          <ticker value="002304"/>
        </identifiers>
        <balance>24500</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>137654.98</valUSD>
        <pctVal>0.0044720331</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HDFC LIFE INS. CO LTD</name>
        <lei>335800RQI8GAFHIRGZ37</lei>
        <title>HDFC LIFE INS. CO LTD</title>
        <cusip>Y3R1AP109</cusip>
        <identifiers>
          <isin value="INE795G01014"/>
          <ticker value="HDFCLIFE"/>
        </identifiers>
        <balance>226746</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1382577.35</valUSD>
        <pctVal>0.0449161497</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SDIC CAP. CO LTD</name>
        <lei>300300N4DUANLOST1I04</lei>
        <title>SDIC CAP. CO LTD</title>
        <cusip>Y8045P107</cusip>
        <identifiers>
          <isin value="CNE000000Q11"/>
          <ticker value="600061"/>
        </identifiers>
        <balance>83900</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>81141.67</valUSD>
        <pctVal>0.0026360705</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ABU DHABI COMMERCIAL BANK</name>
        <lei>213800RWVKKIRX1AUH58</lei>
        <title>ABU DHABI COMMERCIAL BANK</title>
        <cusip>M0152Q104</cusip>
        <identifiers>
          <isin value="AEA000201011"/>
          <ticker value="ADCB"/>
        </identifiers>
        <balance>757877</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.6728"/>
        <valUSD>2996770.79</valUSD>
        <pctVal>0.0973568716</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALDAR PROPERTIES PJSC</name>
        <lei>98450048CD8AEF13B480</lei>
        <title>ALDAR PROPERTIES PJSC</title>
        <cusip>M0517N101</cusip>
        <identifiers>
          <isin value="AEA002001013"/>
          <ticker value="ALDAR"/>
        </identifiers>
        <balance>928947</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.6728"/>
        <valUSD>2104508.72</valUSD>
        <pctVal>0.0683697218</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TATA POWER CO LTD/THE</name>
        <lei>335800H5R3TGTJ7LQ663</lei>
        <title>TATA POWER CO LTD/THE</title>
        <cusip>Y85481169</cusip>
        <identifiers>
          <isin value="INE245A01021"/>
          <ticker value="TATAPOWER"/>
        </identifiers>
        <balance>354839</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1454032.45</valUSD>
        <pctVal>0.0472375301</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SBERBANK</name>
        <lei>549300WE6TAF5EEWQS81</lei>
        <title>SBERBANK</title>
        <cusip>X76317100</cusip>
        <identifiers>
          <isin value="RU0009029540"/>
          <ticker value="AKSJF"/>
        </identifiers>
        <balance>56000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK MILLENNIUM SA</name>
        <lei>259400OFDZ9KPZEO8K78</lei>
        <title>BANK MILLENNIUM SA</title>
        <cusip>X05407105</cusip>
        <identifiers>
          <isin value="PLBIG0000016"/>
          <ticker value="BBGKF"/>
        </identifiers>
        <balance>138333</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.7618"/>
        <valUSD>719494.66</valUSD>
        <pctVal>0.0233744100</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BUDIMEX SA</name>
        <lei>25940093SDJZW2C1V355</lei>
        <title>BUDIMEX SA</title>
        <cusip>X0788V103</cusip>
        <identifiers>
          <isin value="PLBUDMX00013"/>
          <ticker value="BDMXF"/>
        </identifiers>
        <balance>3230</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.7618"/>
        <valUSD>633424.34</valUSD>
        <pctVal>0.0205782212</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOCALIZA RENT A CAR SA</name>
        <lei>984500C442A7E0CD4D11</lei>
        <title>LOCALIZA RENT A CAR SA</title>
        <cusip>P6330Z111</cusip>
        <identifiers>
          <isin value="BRRENTACNOR4"/>
          <ticker value="LZRFF"/>
        </identifiers>
        <balance>198984</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>1605039.18</valUSD>
        <pctVal>0.0521433250</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>KOMERCNI BANKA AS</name>
        <lei>IYKCAVNFR8QGF00HV840</lei>
        <title>KOMERCNI BANKA AS</title>
        <cusip>X45471111</cusip>
        <identifiers>
          <isin value="CZ0008019106"/>
          <ticker value="KMERF"/>
        </identifiers>
        <balance>17601</balance>
        <units>NS</units>
        <currencyConditional curCd="CZK" exchangeRt="21.24235"/>
        <valUSD>806195.15</valUSD>
        <pctVal>0.0261910714</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOUTHERN COPPER CORP</name>
        <lei>2549007U6NAP46Q9TU15</lei>
        <title>SOUTHERN COPPER CORP</title>
        <cusip>84265V105</cusip>
        <identifiers>
          <isin value="US84265V1052"/>
          <ticker value="SCCO"/>
        </identifiers>
        <balance>21981</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3830409.06</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PROMOTORA Y OPERADORA DE</name>
        <lei>52990035X6RK8DBUWA73</lei>
        <title>PROMOTORA Y OPERADORA DE</title>
        <cusip>P7925L103</cusip>
        <identifiers>
          <isin value="MX01PI000005"/>
          <ticker value="PYOIF"/>
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        <balance>42835</balance>
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        <currencyConditional curCd="MXN" exchangeRt="17.4875"/>
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        <pctVal>0.0221039285</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>
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      </invstOrSec>
      <invstOrSec>
        <name>ZHONGJI INNOLIGHT CO LTD</name>
        <lei>655600K7YZDKAI214O83</lei>
        <title>ZHONGJI INNOLIGHT CO LTD</title>
        <cusip>Y7685V101</cusip>
        <identifiers>
          <isin value="CNE100001CY9"/>
          <ticker value="300308"/>
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        <balance>15640</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FOXCONN INDL. INTERNET CO</name>
        <lei>N/A</lei>
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        <cusip>Y2620V100</cusip>
        <identifiers>
          <isin value="CNE1000031P3"/>
          <ticker value="601138"/>
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        <balance>153500</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SERES GRP. CO LTD</name>
        <lei>3003002LTJSDNVNIPU58</lei>
        <title>SERES GRP. CO LTD</title>
        <cusip>Y1586E102</cusip>
        <identifiers>
          <isin value="CNE1000028B9"/>
          <ticker value="601127"/>
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        <balance>25000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PB FINTECH LTD</name>
        <lei>98450083AC6B01HF1F87</lei>
        <title>PB FINTECH LTD</title>
        <cusip>Y67616287</cusip>
        <identifiers>
          <isin value="INE417T01026"/>
          <ticker value="POLICYBZR"/>
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        <balance>89693</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1547272.37</valUSD>
        <pctVal>0.0502666397</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GRUPO AEROPORTUARIO DEL P</name>
        <lei>4469000001BZ368XFI90</lei>
        <title>GRUPO AEROPORTUARIO DEL P</title>
        <cusip>P4959P100</cusip>
        <identifiers>
          <isin value="MX01GA000004"/>
          <ticker value="GPAEF"/>
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        <balance>92352</balance>
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        <currencyConditional curCd="MXN" exchangeRt="17.4875"/>
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        <pctVal>0.0758150913</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>
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      <invstOrSec>
        <name>KINGDEE INTL. SOFTWARE GR</name>
        <lei>529900SWRZN94C5SZO63</lei>
        <title>KINGDEE INTL. SOFTWARE GR</title>
        <cusip>G52568147</cusip>
        <identifiers>
          <isin value="KYG525681477"/>
          <ticker value="KGDEF"/>
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        <balance>708000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>537760.76</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>XINJIANG DAQO NEW ENERGY</name>
        <lei>N/A</lei>
        <title>XINJIANG DAQO NEW ENERGY</title>
        <cusip>Y972S2108</cusip>
        <identifiers>
          <isin value="CNE100004P24"/>
          <ticker value="688303"/>
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        <balance>4309</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHRIRAM FIN. LTD</name>
        <lei>335800TM2YO24B76XL26</lei>
        <title>SHRIRAM FIN. LTD</title>
        <cusip>Y775S1107</cusip>
        <identifiers>
          <isin value="INE721A01047"/>
          <ticker value="SHRIRAMFIN"/>
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        <balance>338342</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>3769494.79</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GE VERNOVA T&amp;D INDIA LTD</name>
        <lei>549300NMRD6VZDFLN355</lei>
        <title>GE VERNOVA T&amp;D INDIA LTD</title>
        <cusip>Y2683R111</cusip>
        <identifiers>
          <isin value="INE200A01026"/>
          <ticker value="GVT&amp;D"/>
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        <balance>29501</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1553448.36</valUSD>
        <pctVal>0.0504672807</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KUNLUN ENERGY CO LTD</name>
        <lei>5299007GRIKP15GM4927</lei>
        <title>KUNLUN ENERGY CO LTD</title>
        <cusip>G5320C108</cusip>
        <identifiers>
          <isin value="BMG5320C1082"/>
          <ticker value="KUNUF"/>
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        <balance>929230</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>762029.68</valUSD>
        <pctVal>0.0247562563</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AGRICULTURAL BANK OF CHIN</name>
        <lei>549300E7TSGLCOVSY746</lei>
        <title>AGRICULTURAL BANK OF CHIN</title>
        <cusip>Y00289119</cusip>
        <identifiers>
          <isin value="CNE100000Q43"/>
          <ticker value="ACGBF"/>
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        <balance>6427367</balance>
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        <valUSD>4384740.5</valUSD>
        <pctVal>0.1424482043</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AIR ARABIA PJSC</name>
        <lei>21380058Y5RCZI2HBX17</lei>
        <title>AIR ARABIA PJSC</title>
        <cusip>M0367N110</cusip>
        <identifiers>
          <isin value="AEA003001012"/>
          <ticker value="ARARF"/>
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        <balance>517880</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.6728"/>
        <valUSD>771312.06</valUSD>
        <pctVal>0.0250578154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ARCA CONT. SAB DE CV</name>
        <lei>254900U2BSJCQHJCXN24</lei>
        <title>ARCA CONT. SAB DE CV</title>
        <cusip>P0448R103</cusip>
        <identifiers>
          <isin value="MX01AC100006"/>
          <ticker value="EMBVF"/>
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        <balance>129505</balance>
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        <valUSD>1548653.93</valUSD>
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        <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>
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      </invstOrSec>
      <invstOrSec>
        <name>TATA MOTORS</name>
        <lei>335800BO2LHWJJ8TZI32</lei>
        <title>TATA MOTORS</title>
        <cusip>Y85740267</cusip>
        <identifiers>
          <isin value="INE155A01022"/>
          <ticker value="TMPV"/>
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        <balance>424810</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BAJAJ FIN. LTD</name>
        <lei>335800YTEXC3DO4Z6F68</lei>
        <title>BAJAJ FIN. LTD</title>
        <cusip>Y0547D153</cusip>
        <identifiers>
          <isin value="INE296A01032"/>
          <ticker value="BAJFINANCE"/>
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        <balance>610119</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BEIGENE LTD</name>
        <lei>549300JFUK6FRD5MH739</lei>
        <title>BEIGENE LTD</title>
        <cusip>H0743H114</cusip>
        <identifiers>
          <isin value="CH1391448177"/>
          <ticker value="BEIGF"/>
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        <balance>193534</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>4221907.63</valUSD>
        <pctVal>0.1371582106</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHAILEASE HLDG. CO LTD</name>
        <lei>529900L76E6T0JCM3J27</lei>
        <title>CHAILEASE HLDG. CO LTD</title>
        <cusip>G20288109</cusip>
        <identifiers>
          <isin value="KYG202881093"/>
          <ticker value="5871"/>
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        <balance>359169</balance>
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        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>1328129.31</valUSD>
        <pctVal>0.0431472821</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>ASIAN PAINTS LTD INR1</name>
        <lei>335800HEHXGYRUNERD75</lei>
        <title>ASIAN PAINTS LTD INR1</title>
        <cusip>Y03638114</cusip>
        <identifiers>
          <isin value="INE021A01026"/>
          <ticker value="ASIANPAINT"/>
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        <balance>92397</balance>
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        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>2580824.82</valUSD>
        <pctVal>0.0838439268</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>CEZ AS</name>
        <lei>529900S5R9YHJHYKKG94</lei>
        <title>CEZ AS</title>
        <cusip>X2337V121</cusip>
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          <isin value="CZ0005112300"/>
          <ticker value="CZAVF"/>
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        <balance>30072</balance>
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        <currencyConditional curCd="CZK" exchangeRt="21.24235"/>
        <valUSD>1758289.85</valUSD>
        <pctVal>0.0571220194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ERSTE BANK POLSKA SA</name>
        <lei>259400LGXW3K0GDAG361</lei>
        <title>ERSTE BANK POLSKA SA</title>
        <cusip>X0646L107</cusip>
        <identifiers>
          <isin value="PLBZ00000044"/>
          <ticker value="BKZHF"/>
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        <balance>9661</balance>
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        <currencyConditional curCd="PLN" exchangeRt="3.7618"/>
        <valUSD>1659759.82</valUSD>
        <pctVal>0.0539210487</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NASPERS LTD</name>
        <lei>21380044BQ8812EEKT59</lei>
        <title>NASPERS LTD</title>
        <cusip>S53435129</cusip>
        <identifiers>
          <isin value="ZAE000351946"/>
          <ticker value="NAPRF"/>
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        <balance>185596</balance>
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        <currencyConditional curCd="ZAR" exchangeRt="16.38"/>
        <valUSD>9309025.19</valUSD>
        <pctVal>0.3024247210</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TATA MOTORS /NEW</name>
        <lei>335800ZFUZ3FBKQASV25</lei>
        <title>TATA MOTORS /NEW</title>
        <cusip>Y8T4YR100</cusip>
        <identifiers>
          <isin value="INE1TAE01010"/>
          <ticker value="TMCV"/>
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        <balance>455674</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ORLEN SA</name>
        <lei>259400VVMM70CQREJT74</lei>
        <title>ORLEN SA</title>
        <cusip>X6922W204</cusip>
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          <isin value="PLPKN0000018"/>
          <ticker value="PSKOF"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HELLENIC TELECOMS. ORGANI</name>
        <lei>ELPUFM0XZRZO4LFXW404</lei>
        <title>HELLENIC TELECOMS. ORGANI</title>
        <cusip>X3258B102</cusip>
        <identifiers>
          <isin value="GRS260333000"/>
          <ticker value="HTO"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GAZPROM PJSC ADR</name>
        <lei>213800FD9J2IHTA7YX78</lei>
        <title>GAZPROM PJSC ADR</title>
        <cusip>368287207</cusip>
        <identifiers>
          <isin value="US3682872078"/>
          <ticker value="OGZPY"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MBANK SA</name>
        <lei>259400DZXF7UJKK2AY35</lei>
        <title>MBANK SA</title>
        <cusip>X521A6104</cusip>
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          <isin value="PLBRE0000012"/>
          <ticker value="MBAKF"/>
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        <balance>3304</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>PONY AI INC</name>
        <lei>9845006P7613D2A61368</lei>
        <title>PONY AI INC</title>
        <cusip>G7171B106</cusip>
        <identifiers>
          <isin value="KYG7171B1068"/>
          <ticker value="PYAIF"/>
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        <balance>48700</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HOTAI MOTOR CO LTD</name>
        <lei>254900ZL0NDWNH1MNQ51</lei>
        <title>HOTAI MOTOR CO LTD</title>
        <cusip>Y37225102</cusip>
        <identifiers>
          <isin value="TW0002207008"/>
          <ticker value="HOTAF"/>
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        <balance>62361</balance>
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        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GEK TERNA SA</name>
        <lei>2138003TO2MTRHWVP686</lei>
        <title>GEK TERNA SA</title>
        <cusip>X3125P102</cusip>
        <identifiers>
          <isin value="GRS145003000"/>
          <ticker value="GKTRF"/>
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        <balance>12556</balance>
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        <currencyConditional curCd="EUR" exchangeRt=".8751969"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ANADOLU EFES BIRACILIK VE</name>
        <lei>7890006LGARYVIPOJX03</lei>
        <title>ANADOLU EFES BIRACILIK VE</title>
        <cusip>M10225106</cusip>
        <identifiers>
          <isin value="TRAAEFES91A9"/>
          <ticker value="AEBMF"/>
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        <balance>8.24</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>ASELSAN ELEKTRONIK SANAYI</name>
        <lei>7890008XT4M710MU8714</lei>
        <title>ASELSAN ELEKTRONIK SANAYI</title>
        <cusip>M1501H100</cusip>
        <identifiers>
          <isin value="TRAASELS91H2"/>
          <ticker value="ASNAF"/>
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        <balance>275259</balance>
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        <currencyConditional curCd="TRY" exchangeRt="46.64625"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EREGLI DEMIR VE CELIK FAB</name>
        <lei>789000VYQF5IDGG49908</lei>
        <title>EREGLI DEMIR VE CELIK FAB</title>
        <cusip>M40710101</cusip>
        <identifiers>
          <isin value="TRAEREGL91G3"/>
          <ticker value="ERELF"/>
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        <balance>863319.929</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHINA GOLD INTL. RES. COR</name>
        <lei>529900936ZPAXB0LZD87</lei>
        <title>CHINA GOLD INTL. RES. COR</title>
        <cusip>16890P103</cusip>
        <identifiers>
          <isin value="CA16890P1036"/>
          <ticker value="JINFF"/>
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        <balance>55000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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        <name>SHANGHAI ZHANGJIANG HIGH-</name>
        <lei>300300QF9LB9KZ188A33</lei>
        <title>SHANGHAI ZHANGJIANG HIGH-</title>
        <cusip>Y7699D105</cusip>
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          <isin value="CNE000000JX9"/>
          <ticker value="600895"/>
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        <balance>16400</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>TURKIYE IS BANKASI AS</name>
        <lei>789000FIRX9MDN0KTM91</lei>
        <title>TURKIYE IS BANKASI AS</title>
        <cusip>M8933F115</cusip>
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          <isin value="TRAISCTR91N2"/>
          <ticker value="TYIBF"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>IS GAYRIMENKUL YATIRIM OR</name>
        <lei>789000STDVBPGEJLK432</lei>
        <title>IS GAYRIMENKUL YATIRIM OR</title>
        <cusip>M57334100</cusip>
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          <isin value="TRAISGYO91Q3"/>
          <ticker value="ISGYF"/>
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        <assetCat>EC</assetCat>
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        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LEO GRP. CO LTD</name>
        <lei>N/A</lei>
        <title>LEO GRP. CO LTD</title>
        <cusip>Y9892V106</cusip>
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          <isin value="CNE1000000F9"/>
          <ticker value="002131"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>BEIJING NEW BLDG. MATS. P</name>
        <lei>3003000VY5ALEC09Q824</lei>
        <title>BEIJING NEW BLDG. MATS. P</title>
        <cusip>Y07708103</cusip>
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          <isin value="CNE000000QS4"/>
          <ticker value="000786"/>
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        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>KOC HLDG. AS</name>
        <lei>7890005U0H950VH19H45</lei>
        <title>KOC HLDG. AS</title>
        <cusip>M63751107</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>HACI OMER SABANCI HLDG. A</name>
        <lei>78900090FFOWNLGP0F20</lei>
        <title>HACI OMER SABANCI HLDG. A</title>
        <cusip>M8223R100</cusip>
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          <ticker value="HOMJF"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>37 INTERACTIVE ENTERT CNY</name>
        <lei>300300BE4IFCPHCUMI94</lei>
        <title>37 INTERACTIVE ENTERT CNY</title>
        <cusip>Y9717X105</cusip>
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          <isin value="CNE1000010N2"/>
          <ticker value="002555"/>
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        <fairValLevel>2</fairValLevel>
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        <name>SD GUTHRIE</name>
        <lei>N/A</lei>
        <title>SD GUTHRIE</title>
        <cusip>Y7962H106</cusip>
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          <ticker value="SDPNF"/>
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        <fairValLevel>2</fairValLevel>
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        <name>LI AUTO INC</name>
        <lei>2549003R73Q70J5H4I65</lei>
        <title>LI AUTO INC</title>
        <cusip>G5479M105</cusip>
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          <ticker value="LAAOF"/>
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        <assetCat>EC</assetCat>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BAJAJ FINSERV LTD</name>
        <lei>3358001EH4I4IDMGQ326</lei>
        <title>BAJAJ FINSERV LTD</title>
        <cusip>Y0548X125</cusip>
        <identifiers>
          <isin value="INE918I01026"/>
          <ticker value="BAJAJFINSV"/>
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        <balance>99404</balance>
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        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1879186.95</valUSD>
        <pctVal>0.0610496349</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NESTLE INDIA LTD</name>
        <lei>3358008SYYY9CPWH5D94</lei>
        <title>NESTLE INDIA LTD</title>
        <cusip>Y6268T145</cusip>
        <identifiers>
          <isin value="INE239A01024"/>
          <ticker value="NESTLEIND"/>
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        <balance>146960</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>2193280.78</valUSD>
        <pctVal>0.0712536828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EMBRAER SA</name>
        <lei>549300EM51WYXFHUY333</lei>
        <title>EMBRAER SA</title>
        <cusip>P3700H268</cusip>
        <identifiers>
          <isin value="BREMBJACNOR1"/>
          <ticker value="EMBJ3"/>
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        <balance>159800</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>2536778.18</valUSD>
        <pctVal>0.0824129721</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TURKIYE SISE VE CAM FABRI</name>
        <lei>789000KWOK751Q6R8875</lei>
        <title>TURKIYE SISE VE CAM FABRI</title>
        <cusip>M9013U105</cusip>
        <identifiers>
          <isin value="TRASISEW91Q3"/>
          <ticker value="TSSCF"/>
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        <balance>.233</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="46.64625"/>
        <valUSD>.22</valUSD>
        <pctVal>0.0000000071</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TURKCELL ILETISIM HIZMETL</name>
        <lei>7890003EX1LTLS2FFL84</lei>
        <title>TURKCELL ILETISIM HIZMETL</title>
        <cusip>M8903B102</cusip>
        <identifiers>
          <isin value="TRATCELL91M1"/>
          <ticker value="TKCZF"/>
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        <balance>228397.991</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="46.64625"/>
        <valUSD>526881.4</valUSD>
        <pctVal>0.0171169330</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TURKIYE PETROL RAFINERILE</name>
        <lei>789000RCNG97UV50EE03</lei>
        <title>TURKIYE PETROL RAFINERILE</title>
        <cusip>M8966X108</cusip>
        <identifiers>
          <isin value="TRATUPRS91E8"/>
          <ticker value="TUPRF"/>
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        <balance>239325</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="46.64625"/>
        <valUSD>1165694.48</valUSD>
        <pctVal>0.0378702196</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>YAPI VE KREDI BANKASI AS</name>
        <lei>B85ZYWEZ5IZCZ2WNIO12</lei>
        <title>YAPI VE KREDI BANKASI AS</title>
        <cusip>M9869G101</cusip>
        <identifiers>
          <isin value="TRAYKBNK91N6"/>
          <ticker value="YVKBF"/>
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        <balance>856628</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="46.64625"/>
        <valUSD>739565</valUSD>
        <pctVal>0.0240264404</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KGHM POLSKA MIEDZ SA</name>
        <lei>G30CO71KTT9JDYJESN22</lei>
        <title>KGHM POLSKA MIEDZ SA</title>
        <cusip>X45213109</cusip>
        <identifiers>
          <isin value="PLKGHM000017"/>
          <ticker value="KGHPF"/>
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        <balance>33522</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.7618"/>
        <valUSD>2959118.5</valUSD>
        <pctVal>0.0961336519</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TURK HAVA YOLLARI AO</name>
        <lei>789000EV8M3BL7ZPFB03</lei>
        <title>TURK HAVA YOLLARI AO</title>
        <cusip>M8926R100</cusip>
        <identifiers>
          <isin value="TRATHYAO91M5"/>
          <ticker value="TKHVF"/>
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        <balance>134583</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="46.64625"/>
        <valUSD>942605.28</valUSD>
        <pctVal>0.0306226627</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GLOBAL UNICHIP CORP</name>
        <lei>N/A</lei>
        <title>GLOBAL UNICHIP CORP</title>
        <cusip>Y2724H114</cusip>
        <identifiers>
          <isin value="TW0003443008"/>
          <ticker value="GBUHF"/>
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        <balance>21022</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>3273692.63</valUSD>
        <pctVal>0.1063533034</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAUDI AWWAL BANK</name>
        <lei>558600TQS0WENZUC5190</lei>
        <title>SAUDI AWWAL BANK</title>
        <cusip>M8234F111</cusip>
        <identifiers>
          <isin value="SA0007879089"/>
          <ticker value="1060"/>
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        <balance>247453</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>2131356.17</valUSD>
        <pctVal>0.0692419219</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BIM BIRLESIK MAGAZALAR AS</name>
        <lei>7890001GCDJQD8DJKE29</lei>
        <title>BIM BIRLESIK MAGAZALAR AS</title>
        <cusip>M2014F102</cusip>
        <identifiers>
          <isin value="TREBIMM00018"/>
          <ticker value="BMBRF"/>
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        <balance>214704</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="46.64625"/>
        <valUSD>1683758.32</valUSD>
        <pctVal>0.0547006942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SBERBANK OF RUSSIA PJSC</name>
        <lei>549300WE6TAF5EEWQS81</lei>
        <title>SBERBANK OF RUSSIA PJSC</title>
        <cusip>X76317100</cusip>
        <identifiers>
          <isin value="RU0009029540"/>
          <ticker value="AKSJF"/>
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        <balance>2882082</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="78.700000"/>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ZHONGJIN GOLD CORP LTD</name>
        <lei>300300Q0ZK8HFP814Z87</lei>
        <title>ZHONGJIN GOLD CORP LTD</title>
        <cusip>Y9890R107</cusip>
        <identifiers>
          <isin value="CNE000001FM8"/>
          <ticker value="600489"/>
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        <balance>73900</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>197124.5</valUSD>
        <pctVal>0.0064040349</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STATE BANK OF INDIA</name>
        <lei>5493001JZ37UBBZF6L49</lei>
        <title>STATE BANK OF INDIA</title>
        <cusip>Y8155P103</cusip>
        <identifiers>
          <isin value="INE062A01020"/>
          <ticker value="SBIN"/>
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        <balance>443289</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>4849587.93</valUSD>
        <pctVal>0.1575498236</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TURKIYE VAKIFLAR BANKASI</name>
        <lei>789000KAIHOLSQKQ9858</lei>
        <title>TURKIYE VAKIFLAR BANKASI</title>
        <cusip>M9037B109</cusip>
        <identifiers>
          <isin value="TREVKFB00019"/>
          <ticker value="TKYVF"/>
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        <balance>.059</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="46.64625"/>
        <valUSD>.04</valUSD>
        <pctVal>0.0000000013</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WEG SA</name>
        <lei>254900NKQV127YFRO022</lei>
        <title>WEG SA</title>
        <cusip>P9832B129</cusip>
        <identifiers>
          <isin value="BRWEGEACNOR0"/>
          <ticker value="WGSEF"/>
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        <balance>357848</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>3251777.25</valUSD>
        <pctVal>0.1056413328</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PRESS METAL ALUMINIUM HLD</name>
        <lei>254900RO5GQ4M0YV5S47</lei>
        <title>PRESS METAL ALUMINIUM HLD</title>
        <cusip>Y7079E103</cusip>
        <identifiers>
          <isin value="MYL8869OO009"/>
          <ticker value="PSSMF"/>
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        <balance>931200</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.0775"/>
        <valUSD>1753842.84</valUSD>
        <pctVal>0.0569775482</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HYOSUNG HEAVY INDS. CORP</name>
        <lei>988400IDLF9EQ95M0928</lei>
        <title>HYOSUNG HEAVY INDS. CORP</title>
        <cusip>Y3R1E4102</cusip>
        <identifiers>
          <isin value="KR7298040007"/>
          <ticker value="A298040"/>
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        <balance>1244</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>2791420.19</valUSD>
        <pctVal>0.0906855933</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA MINSHENG BANKING CO</name>
        <lei>549300HBUGSQD1VCXG94</lei>
        <title>CHINA MINSHENG BANKING CO</title>
        <cusip>Y1495M112</cusip>
        <identifiers>
          <isin value="CNE100000HF9"/>
          <ticker value="CGMBF"/>
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        <balance>1573654</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>630942.07</valUSD>
        <pctVal>0.0204975790</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BUMI RES. MINERALS TBK PT</name>
        <lei>529900KOJVEVTZ5IRE24</lei>
        <title>BUMI RES. MINERALS TBK PT</title>
        <cusip>Y711AT100</cusip>
        <identifiers>
          <isin value="ID1000117609"/>
          <ticker value="PBUMF"/>
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        <balance>13174100</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="17880"/>
        <valUSD>352272.84</valUSD>
        <pctVal>0.0114443793</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NIO INC</name>
        <lei>549300JBU4TV5OCKJV96</lei>
        <title>NIO INC</title>
        <cusip>G6525F102</cusip>
        <identifiers>
          <isin value="KYG6525F1028"/>
          <ticker value="NIOIF"/>
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        <balance>419366</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>2127749.05</valUSD>
        <pctVal>0.0691247365</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEPI ROCKCASTLE N.V.</name>
        <lei>549300FMWM53K9ULYT15</lei>
        <title>NEPI ROCKCASTLE N.V.</title>
        <cusip>N6S06Q108</cusip>
        <identifiers>
          <isin value="NL0015000RT3"/>
          <ticker value="NRP"/>
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        <balance>146452</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.38"/>
        <valUSD>1311292.3</valUSD>
        <pctVal>0.0426002938</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QUANTA COMPUTER INC</name>
        <lei>529900DE8BIV3XOXIK04</lei>
        <title>QUANTA COMPUTER INC</title>
        <cusip>Y7174J106</cusip>
        <identifiers>
          <isin value="TW0002382009"/>
          <ticker value="QUCPF"/>
        </identifiers>
        <balance>649440</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>7546195.61</valUSD>
        <pctVal>0.2451552183</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MPHASIS LTD</name>
        <lei>335800NSYTIQLQKUYP62</lei>
        <title>MPHASIS LTD</title>
        <cusip>Y6144V108</cusip>
        <identifiers>
          <isin value="INE356A01018"/>
          <ticker value="MPSSF"/>
        </identifiers>
        <balance>24900</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>571398.27</valUSD>
        <pctVal>0.0185631641</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LAOPU GOLD CO LTD</name>
        <lei>2549003X1NWK88OCWI97</lei>
        <title>LAOPU GOLD CO LTD</title>
        <cusip>Y5S72L108</cusip>
        <identifiers>
          <isin value="CNE100006JG0"/>
          <ticker value="LPUGF"/>
        </identifiers>
        <balance>9900</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>440659.11</valUSD>
        <pctVal>0.0143158070</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="437303.760000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALINMA BANK</name>
        <lei>558600HPAUTN6XSVBK93</lei>
        <title>ALINMA BANK</title>
        <cusip>M0R35G100</cusip>
        <identifiers>
          <isin value="SA122050HV19"/>
          <ticker value="1150"/>
        </identifiers>
        <balance>358279.2</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>2331393.97</valUSD>
        <pctVal>0.0757406019</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KAKAO CORP</name>
        <lei>988400FTKUBQXKVZP434</lei>
        <title>KAKAO CORP</title>
        <cusip>Y4519H119</cusip>
        <identifiers>
          <isin value="KR7035720002"/>
          <ticker value="DAUCF"/>
        </identifiers>
        <balance>74236</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>1661632.25</valUSD>
        <pctVal>0.0539818788</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REALTEK SEMICON. CORP</name>
        <lei>5299002E7F36O00MYY75</lei>
        <title>REALTEK SEMICON. CORP</title>
        <cusip>Y7220N101</cusip>
        <identifiers>
          <isin value="TW0002379005"/>
          <ticker value="RLTSF"/>
        </identifiers>
        <balance>119832</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>3061510.09</valUSD>
        <pctVal>0.0994600741</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DABUR INDIA LTD</name>
        <lei>335800MJPUA2E1FSFL38</lei>
        <title>DABUR INDIA LTD</title>
        <cusip>Y1855D140</cusip>
        <identifiers>
          <isin value="INE016A01026"/>
          <ticker value="DBUIF"/>
        </identifiers>
        <balance>91080</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>407393.69</valUSD>
        <pctVal>0.0132351047</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HERO MOTOCORP LTD</name>
        <lei>335800Q49FBMZJTRLK49</lei>
        <title>HERO MOTOCORP LTD</title>
        <cusip>Y3194B108</cusip>
        <identifiers>
          <isin value="INE158A01026"/>
          <ticker value="HRHDF"/>
        </identifiers>
        <balance>29627</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1508862.77</valUSD>
        <pctVal>0.0490188170</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KASIKORNBANK PCL</name>
        <lei>5493004COSQ54937AW41</lei>
        <title>KASIKORNBANK PCL</title>
        <cusip>Y4591R126</cusip>
        <identifiers>
          <isin value="TH0016010R14"/>
          <ticker value="KPCUF"/>
        </identifiers>
        <balance>144800</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.2205"/>
        <valUSD>954515.75</valUSD>
        <pctVal>0.0310096013</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CATHAY FINL. HLDG. CO LTD</name>
        <lei>5299009XR1QLFAMQ3X77</lei>
        <title>CATHAY FINL. HLDG. CO LTD</title>
        <cusip>Y11654103</cusip>
        <identifiers>
          <isin value="TW0002882008"/>
          <ticker value="CHYYF"/>
        </identifiers>
        <balance>2292850</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>7126065.96</valUSD>
        <pctVal>0.2315063571</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FAR EASTONE TELECOMS. CO</name>
        <lei>529900L7W7BWDLVZL253</lei>
        <title>FAR EASTONE TELECOMS. CO</title>
        <cusip>Y7540C108</cusip>
        <identifiers>
          <isin value="TW0004904008"/>
          <ticker value="FEOTF"/>
        </identifiers>
        <balance>414345</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>1368313.22</valUSD>
        <pctVal>0.0444527472</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>E SUN FINANCIAL HOLDINGS</name>
        <lei>549300X6CNQE512OPC90</lei>
        <title>E SUN FINANCIAL HOLDINGS</title>
        <cusip>Y23469102</cusip>
        <identifiers>
          <isin value="TW0002884004"/>
          <ticker value="ESUFF"/>
        </identifiers>
        <balance>3390721</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>3676123.82</valUSD>
        <pctVal>0.1194271901</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>S-OIL CORP</name>
        <lei>988400QTUXYDN8W3MZ32</lei>
        <title>S-OIL CORP</title>
        <cusip>Y80710109</cusip>
        <identifiers>
          <isin value="KR7010950004"/>
          <ticker value="SOOCF"/>
        </identifiers>
        <balance>10768</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>732655.77</valUSD>
        <pctVal>0.0238019784</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASUSTEK COMPUTER INC</name>
        <lei>254900B3WB4OGRB7HM13</lei>
        <title>ASUSTEK COMPUTER INC</title>
        <cusip>Y04327105</cusip>
        <identifiers>
          <isin value="TW0002357001"/>
          <ticker value="AKCPF"/>
        </identifiers>
        <balance>161546</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>3567464.49</valUSD>
        <pctVal>0.1158971462</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KING YUAN ELECTNCS. CO LT</name>
        <lei>N/A</lei>
        <title>KING YUAN ELECTNCS. CO LT</title>
        <cusip>Y4801V107</cusip>
        <identifiers>
          <isin value="TW0002449006"/>
          <ticker value="KYUFF"/>
        </identifiers>
        <balance>267000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>2880595.92</valUSD>
        <pctVal>0.0935826684</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LG ELECTNCS. INC</name>
        <lei>988400RMQFTGZIOG0609</lei>
        <title>LG ELECTNCS. INC</title>
        <cusip>Y5275H177</cusip>
        <identifiers>
          <isin value="KR7066570003"/>
          <ticker value="LGEAF"/>
        </identifiers>
        <balance>25495</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>3396505.15</valUSD>
        <pctVal>0.1103431457</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DELTA ELECTRONICS THAILAN</name>
        <lei>529900JKLVG9Y2SVWL93</lei>
        <title>DELTA ELECTRONICS THAILAN</title>
        <cusip>Y20266121</cusip>
        <identifiers>
          <isin value="TH0528010R18"/>
          <ticker value="DLEUF"/>
        </identifiers>
        <balance>749000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.2205"/>
        <valUSD>7456357.51</valUSD>
        <pctVal>0.2422366246</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="772022.370000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LARGAN PRECISION CO LTD</name>
        <lei>N/A</lei>
        <title>LARGAN PRECISION CO LTD</title>
        <cusip>Y52144105</cusip>
        <identifiers>
          <isin value="TW0003008009"/>
          <ticker value="LGANF"/>
        </identifiers>
        <balance>22835</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>3094744.76</valUSD>
        <pctVal>0.1005397774</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PTT PCL</name>
        <lei>549300QOGMPTKB6W7G56</lei>
        <title>PTT PCL</title>
        <cusip>Y6883U121</cusip>
        <identifiers>
          <isin value="TH0646010R18"/>
          <ticker value="PUTRF"/>
        </identifiers>
        <balance>577000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.2205"/>
        <valUSD>617616.94</valUSD>
        <pctVal>0.0200646821</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MTN GRP. LTD</name>
        <lei>2549009JD6Q6XHZS5E05</lei>
        <title>MTN GRP. LTD</title>
        <cusip>S8039R108</cusip>
        <identifiers>
          <isin value="ZAE000042164"/>
          <ticker value="MTNOF"/>
        </identifiers>
        <balance>420121</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.38"/>
        <valUSD>5847736.33</valUSD>
        <pctVal>0.1899769301</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NAVER CORP</name>
        <lei>988400ULUQYDB2HQYJ61</lei>
        <title>NAVER CORP</title>
        <cusip>Y62579100</cusip>
        <identifiers>
          <isin value="KR7035420009"/>
          <ticker value="NHNCF"/>
        </identifiers>
        <balance>34070</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>4392723.34</valUSD>
        <pctVal>0.1427075449</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SIAM CEMENT CO THB1 (ALIE</name>
        <lei>254900RMCZY0X6F2KB70</lei>
        <title>SIAM CEMENT CO THB1 (ALIE</title>
        <cusip>Y7866P147</cusip>
        <identifiers>
          <isin value="TH0003010Z12"/>
          <ticker value="SCVPF"/>
        </identifiers>
        <balance>51000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.2205"/>
        <valUSD>374587.98</valUSD>
        <pctVal>0.0121693371</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BARITO PACIFIC TBK PT</name>
        <lei>254900CLXCIVO1KCF078</lei>
        <title>BARITO PACIFIC TBK PT</title>
        <cusip>Y71198124</cusip>
        <identifiers>
          <isin value="ID1000085707"/>
          <ticker value="BPTNF"/>
        </identifiers>
        <balance>4564015</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="17880"/>
        <valUSD>333136.04</valUSD>
        <pctVal>0.0108226771</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YA HSIN INDUSTRIALTWD10</name>
        <lei>N/A</lei>
        <title>YA HSIN INDUSTRIALTWD10</title>
        <cusip>Y9724W132</cusip>
        <identifiers>
          <isin value="TW0002418001"/>
          <ticker value="YHSNF"/>
        </identifiers>
        <balance>121548</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INDUSTRIAL BANK OF KOREA</name>
        <lei>988400RBIWE3YA18PK12</lei>
        <title>INDUSTRIAL BANK OF KOREA</title>
        <cusip>Y3994L108</cusip>
        <identifiers>
          <isin value="KR7024110009"/>
          <ticker value="IBOKF"/>
        </identifiers>
        <balance>49855</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>642232.29</valUSD>
        <pctVal>0.0208643673</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INNER MONGOLIA YITAI COAL</name>
        <lei>529900OW9OHPX81B0T69</lei>
        <title>INNER MONGOLIA YITAI COAL</title>
        <cusip>Y40848106</cusip>
        <identifiers>
          <isin value="CNE000000SK7"/>
          <ticker value="IMYBF"/>
        </identifiers>
        <balance>206900</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>546127.04</valUSD>
        <pctVal>0.0177421711</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PICC PROP. &amp; CASUALTY CO</name>
        <lei>300300F1000311000017</lei>
        <title>PICC PROP. &amp; CASUALTY CO</title>
        <cusip>Y6975Z103</cusip>
        <identifiers>
          <isin value="CNE100000593"/>
          <ticker value="PPCCF"/>
        </identifiers>
        <balance>1653359</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>3033705.23</valUSD>
        <pctVal>0.0985567704</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA RES. POWER HLDGS. C</name>
        <lei>529900K60FC0AI053735</lei>
        <title>CHINA RES. POWER HLDGS. C</title>
        <cusip>Y1503A100</cusip>
        <identifiers>
          <isin value="HK0836012952"/>
          <ticker value="CRPJF"/>
        </identifiers>
        <balance>511735</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>1106676.94</valUSD>
        <pctVal>0.0359529014</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA GAS HLDGS. LTD</name>
        <lei>254900KTSZLZ21VV8T33</lei>
        <title>CHINA GAS HLDGS. LTD</title>
        <cusip>G2109G103</cusip>
        <identifiers>
          <isin value="BMG2109G1033"/>
          <ticker value="CGHOF"/>
        </identifiers>
        <balance>624095</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>412568.79</valUSD>
        <pctVal>0.0134032295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANHUI CONCH CEMENT CO LTD</name>
        <lei>300300JVKW56SSAEQZ33</lei>
        <title>ANHUI CONCH CEMENT CO LTD</title>
        <cusip>Y01373102</cusip>
        <identifiers>
          <isin value="CNE1000001W2"/>
          <ticker value="AHCHF"/>
        </identifiers>
        <balance>283575</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>607611.55</valUSD>
        <pctVal>0.0197396344</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GREAT WALL MOTOR CO LTD</name>
        <lei>254900CR8AHWTMFZHH60</lei>
        <title>GREAT WALL MOTOR CO LTD</title>
        <cusip>Y2882P106</cusip>
        <identifiers>
          <isin value="CNE100000338"/>
          <ticker value="GWLLF"/>
        </identifiers>
        <balance>567796</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>639462.52</valUSD>
        <pctVal>0.0207743851</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA LIFE INS. CO LTD</name>
        <lei>549300J6TFLDXGH6S048</lei>
        <title>CHINA LIFE INS. CO LTD</title>
        <cusip>Y1477R204</cusip>
        <identifiers>
          <isin value="CNE1000002L3"/>
          <ticker value="CILJF"/>
        </identifiers>
        <balance>1784544</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>6104790.25</valUSD>
        <pctVal>0.1983279077</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHANGHAI BAOSIGHT SOFTWAR</name>
        <lei>N/A</lei>
        <title>SHANGHAI BAOSIGHT SOFTWAR</title>
        <cusip>Y7691Z112</cusip>
        <identifiers>
          <isin value="CNE000000C66"/>
          <ticker value="600845"/>
        </identifiers>
        <balance>59080</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>145236.85</valUSD>
        <pctVal>0.0047183473</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SICHUAN ROAD &amp; BRIDGE CO</name>
        <lei>3003007YDF25LKX9OI30</lei>
        <title>SICHUAN ROAD &amp; BRIDGE CO</title>
        <cusip>Y7932N100</cusip>
        <identifiers>
          <isin value="CNE000001DQ4"/>
          <ticker value="600039"/>
        </identifiers>
        <balance>101600</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>117393.03</valUSD>
        <pctVal>0.0038137779</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DAQIN RAILWAY CO LTD A C</name>
        <lei>30030098LARO7YWJL882</lei>
        <title>DAQIN RAILWAY CO LTD A C</title>
        <cusip>Y1997H108</cusip>
        <identifiers>
          <isin value="CNE000001NG4"/>
          <ticker value="601006"/>
        </identifiers>
        <balance>294900</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>200384.88</valUSD>
        <pctVal>0.0065099557</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JINDUICHENG MOLYBDENUM CO</name>
        <lei>N/A</lei>
        <title>JINDUICHENG MOLYBDENUM CO</title>
        <cusip>Y44498106</cusip>
        <identifiers>
          <isin value="CNE1000009Y1"/>
          <ticker value="601958"/>
        </identifiers>
        <balance>33100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>138311.88</valUSD>
        <pctVal>0.0044933740</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TIANQI LITHIUM CORP</name>
        <lei>300300IZ1J0MQ8YVEG66</lei>
        <title>TIANQI LITHIUM CORP</title>
        <cusip>Y79327105</cusip>
        <identifiers>
          <isin value="CNE100000T32"/>
          <ticker value="002466"/>
        </identifiers>
        <balance>19000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>172211.51</valUSD>
        <pctVal>0.0055946801</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA GALAXY SECS. CO LTD</name>
        <lei>3003008KFQXO06OK8582</lei>
        <title>CHINA GALAXY SECS. CO LTD</title>
        <cusip>Y1R92J117</cusip>
        <identifiers>
          <isin value="CNE100002FG7"/>
          <ticker value="601881"/>
        </identifiers>
        <balance>101300</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>188118.52</valUSD>
        <pctVal>0.0061114553</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSC FINL. CO LTD</name>
        <lei>3003006CDEBNKXHOI130</lei>
        <title>CSC FINL. CO LTD</title>
        <cusip>Y1R11K104</cusip>
        <identifiers>
          <isin value="CNE1000031T5"/>
          <ticker value="601066"/>
        </identifiers>
        <balance>53600</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>229748.77</valUSD>
        <pctVal>0.0074639080</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GIGADEVICE SEMICONDUCTOR</name>
        <lei>N/A</lei>
        <title>GIGADEVICE SEMICONDUCTOR</title>
        <cusip>Y270BL103</cusip>
        <identifiers>
          <isin value="CNE1000030S9"/>
          <ticker value="603986"/>
        </identifiers>
        <balance>8880</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>1092521.33</valUSD>
        <pctVal>0.0354930244</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OMNIVISION INTEGRATED</name>
        <lei>8368000MFHXX01GPND38</lei>
        <title>OMNIVISION INTEGRATED</title>
        <cusip>Y9584K103</cusip>
        <identifiers>
          <isin value="CNE100002XM8"/>
          <ticker value="603501"/>
        </identifiers>
        <balance>18135</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>255032.26</valUSD>
        <pctVal>0.0082852993</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QUANTUMCTEK CO LTD</name>
        <lei>N/A</lei>
        <title>QUANTUMCTEK CO LTD</title>
        <cusip>Y716DS108</cusip>
        <identifiers>
          <isin value="CNE100004231"/>
          <ticker value="688027"/>
        </identifiers>
        <balance>1629</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>122098.39</valUSD>
        <pctVal>0.0039666421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HORIZON ROBOTICS INC</name>
        <lei>N/A</lei>
        <title>HORIZON ROBOTICS INC</title>
        <cusip>G4602S105</cusip>
        <identifiers>
          <isin value="KYG4602S1057"/>
          <ticker value="HRZRF"/>
        </identifiers>
        <balance>1084800</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>567660.94</valUSD>
        <pctVal>0.0184417485</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NOVATEK PJSC GDR</name>
        <lei>2138008R6GCRVBDFA581</lei>
        <title>NOVATEK PJSC GDR</title>
        <cusip>669888109</cusip>
        <identifiers>
          <isin value="US6698881090"/>
          <ticker value="NOVKY"/>
        </identifiers>
        <balance>24702</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SURGUTNEFTEGAS PJSC ADR</name>
        <lei>2138002GZLU65FRAC894</lei>
        <title>SURGUTNEFTEGAS PJSC ADR</title>
        <cusip>868861204</cusip>
        <identifiers>
          <isin value="US8688612048"/>
          <ticker value="SGTZY"/>
        </identifiers>
        <balance>4629</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VTB BANK(JSC)</name>
        <lei>253400V1H6ART1UQ0N98</lei>
        <title>VTB BANK(JSC)</title>
        <cusip>46630Q202</cusip>
        <identifiers>
          <isin value="US46630Q2021"/>
          <ticker value="VTBR"/>
        </identifiers>
        <balance>43343</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZIJIN MINING GRP. CO LTD</name>
        <lei>836800JRNL2393Z2I561</lei>
        <title>ZIJIN MINING GRP. CO LTD</title>
        <cusip>Y9892H107</cusip>
        <identifiers>
          <isin value="CNE100000502"/>
          <ticker value="ZIJMF"/>
        </identifiers>
        <balance>1456162</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>5122146.37</valUSD>
        <pctVal>0.1664045005</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MMG LTD</name>
        <lei>529900XB5IQXFMSWEC48</lei>
        <title>MMG LTD</title>
        <cusip>Y6133Q102</cusip>
        <identifiers>
          <isin value="HK1208013172"/>
          <ticker value="1208"/>
        </identifiers>
        <balance>1036000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>924849.47</valUSD>
        <pctVal>0.0300458251</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KOREA INV. HLDGS. CO LTD</name>
        <lei>N/A</lei>
        <title>KOREA INV. HLDGS. CO LTD</title>
        <cusip>Y4862P106</cusip>
        <identifiers>
          <isin value="KR7071050009"/>
          <ticker value="KRAHF"/>
        </identifiers>
        <balance>10236</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>1478900.73</valUSD>
        <pctVal>0.0480454324</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PUBLIC BANK BHD</name>
        <lei>549300L2RSQCVMOHGM20</lei>
        <title>PUBLIC BANK BHD</title>
        <cusip>Y71497104</cusip>
        <identifiers>
          <isin value="MYL1295OO004"/>
          <ticker value="PBLOF"/>
        </identifiers>
        <balance>3510305</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.0775"/>
        <valUSD>4147827.7</valUSD>
        <pctVal>0.1347515566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASIA VITAL COMPONENTS CO</name>
        <lei>N/A</lei>
        <title>ASIA VITAL COMPONENTS CO</title>
        <cusip>Y0392D100</cusip>
        <identifiers>
          <isin value="TW0003017000"/>
          <ticker value="AVMPF"/>
        </identifiers>
        <balance>77250</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>6194996.05</valUSD>
        <pctVal>0.2012584469</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASHOK LEYLAND LTD</name>
        <lei>3358001BZKWERVWYCK35</lei>
        <title>ASHOK LEYLAND LTD</title>
        <cusip>Y0266N143</cusip>
        <identifiers>
          <isin value="INE208A01029"/>
          <ticker value="ASQKF"/>
        </identifiers>
        <balance>639277</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1077340.39</valUSD>
        <pctVal>0.0349998373</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LG DISPLAY CO LTD KRW5000</name>
        <lei>988400P37K91W0SABO95</lei>
        <title>LG DISPLAY CO LTD KRW5000</title>
        <cusip>Y5255T100</cusip>
        <identifiers>
          <isin value="KR7034220004"/>
          <ticker value="LPHLF"/>
        </identifiers>
        <balance>65190</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>493827.89</valUSD>
        <pctVal>0.0160431150</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>E INK HOLDINGS INC. TWD10</name>
        <lei>529900UOR451FJJYL571</lei>
        <title>E INK HOLDINGS INC. TWD10</title>
        <cusip>Y2266Z100</cusip>
        <identifiers>
          <isin value="TW0008069006"/>
          <ticker value="PVWIF"/>
        </identifiers>
        <balance>201000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>1374170.56</valUSD>
        <pctVal>0.0446430362</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CAPITEC BANK HLDGS. LTD</name>
        <lei>N/A</lei>
        <title>CAPITEC BANK HLDGS. LTD</title>
        <cusip>S15445109</cusip>
        <identifiers>
          <isin value="ZAE000035861"/>
          <ticker value="CKHGF"/>
        </identifiers>
        <balance>21167</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.38"/>
        <valUSD>6133085.12</valUSD>
        <pctVal>0.1992471305</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA POWER INTL. DEV. LT</name>
        <lei>529900MDOW3M0UV2ST42</lei>
        <title>CHINA POWER INTL. DEV. LT</title>
        <cusip>Y1508G102</cusip>
        <identifiers>
          <isin value="HK2380027329"/>
          <ticker value="CPWIF"/>
        </identifiers>
        <balance>960000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>335823.28</valUSD>
        <pctVal>0.0109099782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NTPC LTD</name>
        <lei>335800Q4TRGJXNLVMB81</lei>
        <title>NTPC LTD</title>
        <cusip>Y6421X116</cusip>
        <identifiers>
          <isin value="INE733E01010"/>
          <ticker value="NTHPF"/>
        </identifiers>
        <balance>1054335</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>3993169.56</valUSD>
        <pctVal>0.1297271374</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZTE CORP</name>
        <lei>3003004FBGVVG1CW5U45</lei>
        <title>ZTE CORP</title>
        <cusip>Y0004F105</cusip>
        <identifiers>
          <isin value="CNE1000004Y2"/>
          <ticker value="ZTCOF"/>
        </identifiers>
        <balance>185517</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>543441.13</valUSD>
        <pctVal>0.0176549132</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="540318.610000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>GEELY AUTOMOBILE HLDGS. L</name>
        <lei>549300YS3T1KVQ2SNI84</lei>
        <title>GEELY AUTOMOBILE HLDGS. L</title>
        <cusip>G3777B103</cusip>
        <identifiers>
          <isin value="KYG3777B1032"/>
          <ticker value="GELYF"/>
        </identifiers>
        <balance>1588641</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>3424818.9</valUSD>
        <pctVal>0.1112629818</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>YANKUANG ENERGY GROUP</name>
        <lei>3003005N7A6HYZ4Z0K39</lei>
        <title>YANKUANG ENERGY GROUP</title>
        <cusip>Y97417102</cusip>
        <identifiers>
          <isin value="CNE1000004Q8"/>
          <ticker value="YZCHF"/>
        </identifiers>
        <balance>814919</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>1143283.67</valUSD>
        <pctVal>0.0371421538</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HINDALCO INDS. LTD</name>
        <lei>335800KXLE5NO5B4GF90</lei>
        <title>HINDALCO INDS. LTD</title>
        <cusip>Y3196V185</cusip>
        <identifiers>
          <isin value="INE038A01020"/>
          <ticker value="HNDFF"/>
        </identifiers>
        <balance>322381</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>3281738.1</valUSD>
        <pctVal>0.1066146787</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAMVARDHANA MOTHERSON INT</name>
        <lei>335800C7BQ19CKG8GH63</lei>
        <title>SAMVARDHANA MOTHERSON INT</title>
        <cusip>Y6139B141</cusip>
        <identifiers>
          <isin value="INE775A01035"/>
          <ticker value="MRSMF"/>
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        <balance>1021512</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1616773.91</valUSD>
        <pctVal>0.0525245543</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CENTRAL PATTANA PCL</name>
        <lei>N/A</lei>
        <title>CENTRAL PATTANA PCL</title>
        <cusip>Y1242U128</cusip>
        <identifiers>
          <isin value="TH0481010R10"/>
          <ticker value="CTPUF"/>
        </identifiers>
        <balance>544100</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.2205"/>
        <valUSD>1107022.15</valUSD>
        <pctVal>0.0359641163</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EASTERN CO SAE</name>
        <lei>N/A</lei>
        <title>EASTERN CO SAE</title>
        <cusip>M2932V106</cusip>
        <identifiers>
          <isin value="EGS37091C013"/>
          <ticker value="SMOKF"/>
        </identifiers>
        <balance>373069</balance>
        <units>NS</units>
        <currencyConditional curCd="EGP" exchangeRt="49.13"/>
        <valUSD>284937.05</valUSD>
        <pctVal>0.0092568240</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EVERGREEN MARINE CORP TAI</name>
        <lei>254900EIJA0A39C5SO15</lei>
        <title>EVERGREEN MARINE CORP TAI</title>
        <cusip>Y23632105</cusip>
        <identifiers>
          <isin value="TW0002603008"/>
          <ticker value="EVGQF"/>
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        <balance>252544</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>1464468.6</valUSD>
        <pctVal>0.0475765721</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LS ELEC. CO LTD</name>
        <lei>988400AF8KS117D7D072</lei>
        <title>LS ELEC. CO LTD</title>
        <cusip>Y5355Q105</cusip>
        <identifiers>
          <isin value="KR7010120004"/>
          <ticker value="LGXSF"/>
        </identifiers>
        <balance>18145</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>2816280.07</valUSD>
        <pctVal>0.0914932227</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POWER FIN. CORP LTD</name>
        <lei>3358003Q6D9LIJJZ1614</lei>
        <title>POWER FIN. CORP LTD</title>
        <cusip>Y7082R109</cusip>
        <identifiers>
          <isin value="INE134E01011"/>
          <ticker value="PWFEF"/>
        </identifiers>
        <balance>323677</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1461330.5</valUSD>
        <pctVal>0.0474746238</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INDIAN BANK</name>
        <lei>5493008JR8FCVQ6FJL94</lei>
        <title>INDIAN BANK</title>
        <cusip>Y39228112</cusip>
        <identifiers>
          <isin value="INE562A01011"/>
          <ticker value="INDIF"/>
        </identifiers>
        <balance>69021</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>598437.25</valUSD>
        <pctVal>0.0194415865</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LITE-ON TECH. CORP</name>
        <lei>2549005GU1PQ73SZBT32</lei>
        <title>LITE-ON TECH. CORP</title>
        <cusip>Y5313K109</cusip>
        <identifiers>
          <isin value="TW0002301009"/>
          <ticker value="LOTZF"/>
        </identifiers>
        <balance>475964</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>3346225.38</valUSD>
        <pctVal>0.1087096937</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INTERNATIONAL GAMES SYSTE</name>
        <lei>N/A</lei>
        <title>INTERNATIONAL GAMES SYSTE</title>
        <cusip>Y41065114</cusip>
        <identifiers>
          <isin value="TW0003293007"/>
          <ticker value="ITMYF"/>
        </identifiers>
        <balance>55187</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>1370976.74</valUSD>
        <pctVal>0.0445392777</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OBEROI REALTY LTD</name>
        <lei>335800TCKG1XQXN51L44</lei>
        <title>OBEROI REALTY LTD</title>
        <cusip>Y6424D109</cusip>
        <identifiers>
          <isin value="INE093I01010"/>
          <ticker value="OBEROIRLTY"/>
        </identifiers>
        <balance>28293</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>530258.74</valUSD>
        <pctVal>0.0172266535</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TELKOM INDONESIA PERSERO</name>
        <lei>529900M5SQZAOKV1PC81</lei>
        <title>TELKOM INDONESIA PERSERO</title>
        <cusip>Y71474145</cusip>
        <identifiers>
          <isin value="ID1000129000"/>
          <ticker value="TLKMF"/>
        </identifiers>
        <balance>10751962</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="17880"/>
        <valUSD>1425931.3</valUSD>
        <pctVal>0.0463246008</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SICHUAN KELUN PHARM. CO L</name>
        <lei>30030014Z0J8J835FO94</lei>
        <title>SICHUAN KELUN PHARM. CO L</title>
        <cusip>Y7931Q104</cusip>
        <identifiers>
          <isin value="CNE100000PW7"/>
          <ticker value="002422"/>
        </identifiers>
        <balance>23200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>131498.1</valUSD>
        <pctVal>0.0042720130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA MERCHANTS EXPRESSWA</name>
        <lei>300300HYECHLUO2UVU03</lei>
        <title>CHINA MERCHANTS EXPRESSWA</title>
        <cusip>Y1504Y107</cusip>
        <identifiers>
          <isin value="CNE1000032B1"/>
          <ticker value="001965"/>
        </identifiers>
        <balance>84400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>113897.2</valUSD>
        <pctVal>0.0037002079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WESTERN SUPERCONDUCTING T</name>
        <lei>300300IUC83XEOSKRG67</lei>
        <title>WESTERN SUPERCONDUCTING T</title>
        <cusip>Y9T35V103</cusip>
        <identifiers>
          <isin value="CNE100003MF3"/>
          <ticker value="688122"/>
        </identifiers>
        <balance>8653</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>80544.4</valUSD>
        <pctVal>0.0026166669</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANCO SANTANDER CHILE</name>
        <lei>3YJP8HORPAEXJ80D6368</lei>
        <title>BANCO SANTANDER CHILE</title>
        <cusip>P1506A107</cusip>
        <identifiers>
          <isin value="CLP1506A1070"/>
          <ticker value="BSCLF"/>
        </identifiers>
        <balance>15654755</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="921.965"/>
        <valUSD>1281972.75</valUSD>
        <pctVal>0.0416477820</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>CIA DE MINAS BUENAVEN ADR</name>
        <lei>529900WQB1ZU9KB6EL71</lei>
        <title>CIA DE MINAS BUENAVEN ADR</title>
        <cusip>204448104</cusip>
        <identifiers>
          <isin value="US2044481040"/>
          <ticker value="BVN"/>
        </identifiers>
        <balance>40091</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1174265.39</valUSD>
        <pctVal>0.0381486650</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GRUPO MEXICO SAB DE CV</name>
        <lei>529900JWLZAYET2ZGW20</lei>
        <title>GRUPO MEXICO SAB DE CV</title>
        <cusip>P49538112</cusip>
        <identifiers>
          <isin value="MXP370841019"/>
          <ticker value="GMBXF"/>
        </identifiers>
        <balance>708878</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.4875"/>
        <valUSD>8010777.43</valUSD>
        <pctVal>0.2602482086</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>NH INV. &amp; SECS. CO LTD</name>
        <lei>549300LQ6NXDW1B8NT42</lei>
        <title>NH INV. &amp; SECS. CO LTD</title>
        <cusip>Y6S75L806</cusip>
        <identifiers>
          <isin value="KR7005940002"/>
          <ticker value="WOOIF"/>
        </identifiers>
        <balance>31852</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>608678.42</valUSD>
        <pctVal>0.0197742940</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MISC BHD</name>
        <lei>9845002055U77FF6B972</lei>
        <title>MISC BHD</title>
        <cusip>Y6080H105</cusip>
        <identifiers>
          <isin value="MYL3816OO005"/>
          <ticker value="MISC"/>
        </identifiers>
        <balance>320060</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.0775"/>
        <valUSD>612028.03</valUSD>
        <pctVal>0.0198831137</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA CITIC BANK CORP LTD</name>
        <lei>300300C1030211000384</lei>
        <title>CHINA CITIC BANK CORP LTD</title>
        <cusip>Y1434M116</cusip>
        <identifiers>
          <isin value="CNE1000001Q4"/>
          <ticker value="CHBJF"/>
        </identifiers>
        <balance>1922286</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>1631930.89</valUSD>
        <pctVal>0.0530169630</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VTB BANK - SPON GDR</name>
        <lei>253400V1H6ART1UQ0N98</lei>
        <title>VTB BANK - SPON GDR</title>
        <cusip>46630Q103</cusip>
        <identifiers>
          <isin value="US46630Q1031"/>
          <ticker value="JSCVL"/>
        </identifiers>
        <balance>11036</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GRUPO BIMBO SAB DE CV</name>
        <lei>5493000RIXURZEBFEV60</lei>
        <title>GRUPO BIMBO SAB DE CV</title>
        <cusip>P4949B104</cusip>
        <identifiers>
          <isin value="MXP495211262"/>
          <ticker value="GRBMF"/>
        </identifiers>
        <balance>290054</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.4875"/>
        <valUSD>947081.25</valUSD>
        <pctVal>0.0307680747</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>NAN YA PLASTICS CORP</name>
        <lei>254900L66RP14M9UOM28</lei>
        <title>NAN YA PLASTICS CORP</title>
        <cusip>Y62061109</cusip>
        <identifiers>
          <isin value="TW0001303006"/>
          <ticker value="1303"/>
        </identifiers>
        <balance>1149562</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>6063618.15</valUSD>
        <pctVal>0.1969903390</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEDBANK GROUP LTD</name>
        <lei>3789009E42FA3CB31065</lei>
        <title>NEDBANK GROUP LTD</title>
        <cusip>S5518R104</cusip>
        <identifiers>
          <isin value="ZAE000004875"/>
          <ticker value="NDBKF"/>
        </identifiers>
        <balance>108402</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.38"/>
        <valUSD>1787535.36</valUSD>
        <pctVal>0.0580721259</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CIA DE SANEAMENTO BASICO</name>
        <lei>254900UOXRZRS2TNWP19</lei>
        <title>CIA DE SANEAMENTO BASICO</title>
        <cusip>P2R268136</cusip>
        <identifiers>
          <isin value="BRSBSPACNOR5"/>
          <ticker value="SBSP3"/>
        </identifiers>
        <balance>597485.0002</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>3438637.69</valUSD>
        <pctVal>0.1117119164</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POSCO HLDGS. INC</name>
        <lei>988400E5HRVX81AYLM04</lei>
        <title>POSCO HLDGS. INC</title>
        <cusip>Y70750115</cusip>
        <identifiers>
          <isin value="KR7005490008"/>
          <ticker value="PKXFF"/>
        </identifiers>
        <balance>17480</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>3589779.69</valUSD>
        <pctVal>0.1166221059</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PETRONAS GAS BHD</name>
        <lei>N/A</lei>
        <title>PETRONAS GAS BHD</title>
        <cusip>Y6885J116</cusip>
        <identifiers>
          <isin value="MYL6033OO004"/>
          <ticker value="PNAGF"/>
        </identifiers>
        <balance>189800</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.0775"/>
        <valUSD>813658.06</valUSD>
        <pctVal>0.0264335209</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FALABELLA SA</name>
        <lei>5493004CKJQ7H391LM41</lei>
        <title>FALABELLA SA</title>
        <cusip>P3880F108</cusip>
        <identifiers>
          <isin value="CLP3880F1085"/>
          <ticker value="FBELF"/>
        </identifiers>
        <balance>184411</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="921.965"/>
        <valUSD>1151312.38</valUSD>
        <pctVal>0.0374029845</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>QATAR GAS TRANSPORT CO LT</name>
        <lei>N/A</lei>
        <title>QATAR GAS TRANSPORT CO LT</title>
        <cusip>M8178L108</cusip>
        <identifiers>
          <isin value="QA000A0KD6L1"/>
          <ticker value="QGTS"/>
        </identifiers>
        <balance>647996</balance>
        <units>NS</units>
        <currencyConditional curCd="QAR" exchangeRt="3.641"/>
        <valUSD>767878.35</valUSD>
        <pctVal>0.0249462636</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>QA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SK INNOVATION CO LTD</name>
        <lei>988400PXP70BWVSJVF07</lei>
        <title>SK INNOVATION CO LTD</title>
        <cusip>Y8063L103</cusip>
        <identifiers>
          <isin value="KR7096770003"/>
          <ticker value="SKOVF"/>
        </identifiers>
        <balance>15998</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>981303.93</valUSD>
        <pctVal>0.0318798758</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DLF LTD</name>
        <lei>335800PJLUEOB8914F48</lei>
        <title>DLF LTD</title>
        <cusip>Y2089H105</cusip>
        <identifiers>
          <isin value="INE271C01023"/>
          <ticker value="DLF"/>
        </identifiers>
        <balance>135421</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>891901.23</valUSD>
        <pctVal>0.0289754271</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ABB INDIA LTD</name>
        <lei>5493001BUNB8WEF9JI21</lei>
        <title>ABB INDIA LTD</title>
        <cusip>Y0005K103</cusip>
        <identifiers>
          <isin value="INE117A01022"/>
          <ticker value="ABVFF"/>
        </identifiers>
        <balance>11749</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>876604.55</valUSD>
        <pctVal>0.0284784799</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAMSUNG SDI CO LTD</name>
        <lei>9884002AESDO4YW87G32</lei>
        <title>SAMSUNG SDI CO LTD</title>
        <cusip>Y74866107</cusip>
        <identifiers>
          <isin value="KR7006400006"/>
          <ticker value="A006400"/>
        </identifiers>
        <balance>14426</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>4562936.22</valUSD>
        <pctVal>0.1482372950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAMSUNG ELECTRONICS CO KR</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>SAMSUNG ELECTRONICS CO KR</title>
        <cusip>Y74718100</cusip>
        <identifiers>
          <isin value="KR7005930003"/>
          <ticker value="SSNLF"/>
        </identifiers>
        <balance>1126199</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>246206297.59</valUSD>
        <pctVal>7.9985679860</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COSCO SHIPPING ENERGY TRA</name>
        <lei>529900IGB8FVHRCR1W95</lei>
        <title>COSCO SHIPPING ENERGY TRA</title>
        <cusip>Y1765K101</cusip>
        <identifiers>
          <isin value="CNE1000002S8"/>
          <ticker value="CSDXF"/>
        </identifiers>
        <balance>280000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>497019.18</valUSD>
        <pctVal>0.0161467913</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TMBTHANACHART BANK PCL</name>
        <lei>549300WKGLXEV3DB7I54</lei>
        <title>TMBTHANACHART BANK PCL</title>
        <cusip>Y5771Z135</cusip>
        <identifiers>
          <isin value="TH0068010R15"/>
          <ticker value="TTB-R"/>
        </identifiers>
        <balance>6009400</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.2205"/>
        <valUSD>446235.37</valUSD>
        <pctVal>0.0144969645</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SM PRIME HLDGS. INC</name>
        <lei>254900SZK83MIAB8CU32</lei>
        <title>SM PRIME HLDGS. INC</title>
        <cusip>Y8076N112</cusip>
        <identifiers>
          <isin value="PHY8076N1120"/>
          <ticker value="SPHXF"/>
        </identifiers>
        <balance>1989813</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="61.37"/>
        <valUSD>588245.27</valUSD>
        <pctVal>0.0191104770</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TCC GROUP HOLDINGS CO LTD</name>
        <lei>529900C56C3PB9X9ZO58</lei>
        <title>TCC GROUP HOLDINGS CO LTD</title>
        <cusip>Y8415D106</cusip>
        <identifiers>
          <isin value="TW0001101004"/>
          <ticker value="TGBMF"/>
        </identifiers>
        <balance>1609231</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>1217937.47</valUSD>
        <pctVal>0.0395674512</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DIVI S LABS. LTD</name>
        <lei>335800C1DHFG1C9T1M03</lei>
        <title>DIVI S LABS. LTD</title>
        <cusip>Y2076F112</cusip>
        <identifiers>
          <isin value="INE361B01024"/>
          <ticker value="DIVLF"/>
        </identifiers>
        <balance>27970</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1946261.31</valUSD>
        <pctVal>0.0632286971</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TAIWAN SEMICONDUCTOR MANU</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>TAIWAN SEMICONDUCTOR MANU</title>
        <cusip>Y84629107</cusip>
        <identifiers>
          <isin value="TW0002330008"/>
          <ticker value="TSMWF"/>
        </identifiers>
        <balance>5933709</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>455641475.9</valUSD>
        <pctVal>14.8025430621</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TINGYI CAYMAN ISLANDS HLD</name>
        <lei>5299009MPI9B60VN4P25</lei>
        <title>TINGYI CAYMAN ISLANDS HLD</title>
        <cusip>G8878S103</cusip>
        <identifiers>
          <isin value="KYG8878S1030"/>
          <ticker value="TCYMF"/>
        </identifiers>
        <balance>486435</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>608034.5</valUSD>
        <pctVal>0.0197533748</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MUTHOOT FIN. LTD</name>
        <lei>335800HAMJMBFL4RRF02</lei>
        <title>MUTHOOT FIN. LTD</title>
        <cusip>Y6190C103</cusip>
        <identifiers>
          <isin value="INE414G01012"/>
          <ticker value="MUTHOOTFIN"/>
        </identifiers>
        <balance>29383</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>936257.29</valUSD>
        <pctVal>0.0304164339</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KOREA AEROSPACE INDS. LTD</name>
        <lei>N/A</lei>
        <title>KOREA AEROSPACE INDS. LTD</title>
        <cusip>Y4838Q105</cusip>
        <identifiers>
          <isin value="KR7047810007"/>
          <ticker value="A047810"/>
        </identifiers>
        <balance>17385</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>1648038.46</valUSD>
        <pctVal>0.0535402538</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TENAGA NASIONAL BHD</name>
        <lei>549300FV8X6UID6I1413</lei>
        <title>TENAGA NASIONAL BHD</title>
        <cusip>Y85859109</cusip>
        <identifiers>
          <isin value="MYL5347OO009"/>
          <ticker value="TNABF"/>
        </identifiers>
        <balance>648250</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.0775"/>
        <valUSD>2275344.68</valUSD>
        <pctVal>0.0739197140</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TSINGTAO BREWERY CO LTD</name>
        <lei>300300OJ7D0Q1ESE8L15</lei>
        <title>TSINGTAO BREWERY CO LTD</title>
        <cusip>Y8997D102</cusip>
        <identifiers>
          <isin value="CNE1000004K1"/>
          <ticker value="TSGTF"/>
        </identifiers>
        <balance>151767</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>834221.34</valUSD>
        <pctVal>0.0271015655</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHANGHAI ELEC. GRP. CO LT</name>
        <lei>529900WHVV4GODE91T37</lei>
        <title>SHANGHAI ELEC. GRP. CO LT</title>
        <cusip>Y76824112</cusip>
        <identifiers>
          <isin value="CNE100000D55"/>
          <ticker value="601727"/>
        </identifiers>
        <balance>164800</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>170508.35</valUSD>
        <pctVal>0.0055393491</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA NATL. CHEM. ENG. CO</name>
        <lei>300300PQKHJ03AUIIX32</lei>
        <title>CHINA NATL. CHEM. ENG. CO</title>
        <cusip>Y1504G106</cusip>
        <identifiers>
          <isin value="CNE100000KC0"/>
          <ticker value="601117"/>
        </identifiers>
        <balance>73800</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>80172.42</valUSD>
        <pctVal>0.0026045822</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA RES. BEER HLDGS. CO</name>
        <lei>254900OH02Y7OS7RNG48</lei>
        <title>CHINA RES. BEER HLDGS. CO</title>
        <cusip>Y15037107</cusip>
        <identifiers>
          <isin value="HK0291001490"/>
          <ticker value="CRHKF"/>
        </identifiers>
        <balance>425948</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>1158361.8</valUSD>
        <pctVal>0.0376320009</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YANG MING MARINE TRANSPOR</name>
        <lei>254900WG2ACWNVSP6E13</lei>
        <title>YANG MING MARINE TRANSPOR</title>
        <cusip>Y9729D105</cusip>
        <identifiers>
          <isin value="TW0002609005"/>
          <ticker value="YMMTF"/>
        </identifiers>
        <balance>416000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>680249.72</valUSD>
        <pctVal>0.0220994495</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YUHAN CORP</name>
        <lei>N/A</lei>
        <title>YUHAN CORP</title>
        <cusip>Y9873D109</cusip>
        <identifiers>
          <isin value="KR7000100008"/>
          <ticker value="YUHNF"/>
        </identifiers>
        <balance>13552</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>616012.43</valUSD>
        <pctVal>0.0200125559</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BIDVEST GROUP LTD</name>
        <lei>5299002ARE4TRMIRGM72</lei>
        <title>BIDVEST GROUP LTD</title>
        <cusip>S1201R162</cusip>
        <identifiers>
          <isin value="ZAE000117321"/>
          <ticker value="BDVSF"/>
        </identifiers>
        <balance>77396</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.38"/>
        <valUSD>1133572.58</valUSD>
        <pctVal>0.0368266671</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ORIENT SECS. CO LTD/CHINA</name>
        <lei>300300E1005131000066</lei>
        <title>ORIENT SECS. CO LTD/CHINA</title>
        <cusip>Y6S79P100</cusip>
        <identifiers>
          <isin value="CNE100001ZV6"/>
          <ticker value="600958"/>
        </identifiers>
        <balance>102839</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>143389.53</valUSD>
        <pctVal>0.0046583329</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK OF JIANGSU CO LTD</name>
        <lei>300300C1086832000046</lei>
        <title>BANK OF JIANGSU CO LTD</title>
        <cusip>Y0698M101</cusip>
        <identifiers>
          <isin value="CNE100002G76"/>
          <ticker value="600919"/>
        </identifiers>
        <balance>237044</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>376545.2</valUSD>
        <pctVal>0.0122329218</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CRRC CORP LTD</name>
        <lei>30030099HATQH2XC0B72</lei>
        <title>CRRC CORP LTD</title>
        <cusip>Y1818X100</cusip>
        <identifiers>
          <isin value="CNE100000BG0"/>
          <ticker value="1766"/>
        </identifiers>
        <balance>872000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>500106.09</valUSD>
        <pctVal>0.0162470765</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA LONGYUAN POWER GRP.</name>
        <lei>5299008UYLF3O6V9T464</lei>
        <title>CHINA LONGYUAN POWER GRP.</title>
        <cusip>Y1501T101</cusip>
        <identifiers>
          <isin value="CNE100000HD4"/>
          <ticker value="CLPXF"/>
        </identifiers>
        <balance>557473</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>356126.36</valUSD>
        <pctVal>0.0115695696</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="355438.100000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>ADANI PORTS &amp; SPECIAL ECO</name>
        <lei>335800QOAXP5TM7OYP69</lei>
        <title>ADANI PORTS &amp; SPECIAL ECO</title>
        <cusip>Y00130107</cusip>
        <identifiers>
          <isin value="INE742F01042"/>
          <ticker value="ADANIPORTS"/>
        </identifiers>
        <balance>126940</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>2442183.22</valUSD>
        <pctVal>0.0793398411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUN PHARM. INDS. LTD</name>
        <lei>335800KJ7GE29LB4SS73</lei>
        <title>SUN PHARM. INDS. LTD</title>
        <cusip>Y8523Y158</cusip>
        <identifiers>
          <isin value="INE044A01036"/>
          <ticker value="SUNPHARMA"/>
        </identifiers>
        <balance>218091</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>4294647.27</valUSD>
        <pctVal>0.1395213222</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RAIA DROGASIL SA</name>
        <lei>N/A</lei>
        <title>RAIA DROGASIL SA</title>
        <cusip>P7942C102</cusip>
        <identifiers>
          <isin value="BRRADLACNOR0"/>
          <ticker value="RADL3"/>
        </identifiers>
        <balance>300127</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>974978.17</valUSD>
        <pctVal>0.0316743692</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>PUBLIC POWER CORP SA</name>
        <lei>213800T9Y5XCOVRZ4Y57</lei>
        <title>PUBLIC POWER CORP SA</title>
        <cusip>X7023M103</cusip>
        <identifiers>
          <isin value="GRS434003000"/>
          <ticker value="PUPOF"/>
        </identifiers>
        <balance>65890</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8751969"/>
        <valUSD>1734488.57</valUSD>
        <pctVal>0.0563487810</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OTP BANK NYRT</name>
        <lei>529900W3MOO00A18X956</lei>
        <title>OTP BANK NYRT</title>
        <cusip>X60746181</cusip>
        <identifiers>
          <isin value="HU0000061726"/>
          <ticker value="OTPBF"/>
        </identifiers>
        <balance>52418</balance>
        <units>NS</units>
        <currencyConditional curCd="HUF" exchangeRt="311.3513"/>
        <valUSD>7746066.66</valUSD>
        <pctVal>0.2516484810</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALLWYN AG</name>
        <lei>N/A</lei>
        <title>ALLWYN AG</title>
        <cusip>L017BQ101</cusip>
        <identifiers>
          <isin value="GRS419003009"/>
          <ticker value="GRKZF"/>
        </identifiers>
        <balance>35345</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8751969"/>
        <valUSD>563130</valUSD>
        <pctVal>0.0182945507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JUMBO SA</name>
        <lei>549300TGIVUUMY40MZ05</lei>
        <title>JUMBO SA</title>
        <cusip>X4114P111</cusip>
        <identifiers>
          <isin value="GRS282183003"/>
          <ticker value="JUMSF"/>
        </identifiers>
        <balance>27350</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8751969"/>
        <valUSD>702190.76</valUSD>
        <pctVal>0.0228122537</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LI NING CO LTD</name>
        <lei>529900T77L2FV3FZ3U81</lei>
        <title>LI NING CO LTD</title>
        <cusip>G5496K124</cusip>
        <identifiers>
          <isin value="KYG5496K1242"/>
          <ticker value="LNNGF"/>
        </identifiers>
        <balance>603000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>1136852.66</valUSD>
        <pctVal>0.0369332279</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MARUTI SUZUKI INDIA LTD</name>
        <lei>335800D27PBEESKKD357</lei>
        <title>MARUTI SUZUKI INDIA LTD</title>
        <cusip>Y7565Y100</cusip>
        <identifiers>
          <isin value="INE585B01010"/>
          <ticker value="MUDGF"/>
        </identifiers>
        <balance>28172</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>4214126.53</valUSD>
        <pctVal>0.1369054240</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POWER GRID CORP OF INDIA</name>
        <lei>3358009SHWZ3DZEQ4Z56</lei>
        <title>POWER GRID CORP OF INDIA</title>
        <cusip>Y7028N105</cusip>
        <identifiers>
          <isin value="INE752E01010"/>
          <ticker value="POWERGRID"/>
        </identifiers>
        <balance>1019293</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>3100473.86</valUSD>
        <pctVal>0.1007259002</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YUANTA FINL. HLDG. CO LTD</name>
        <lei>21380045JG57LJEFFE13</lei>
        <title>YUANTA FINL. HLDG. CO LTD</title>
        <cusip>Y2169H108</cusip>
        <identifiers>
          <isin value="TW0002885001"/>
          <ticker value="FHHWF"/>
        </identifiers>
        <balance>2582486</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>5370038.43</valUSD>
        <pctVal>0.1744578343</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KINGSOFT CORP LTD</name>
        <lei>529900UVT35D3Q7YQY41</lei>
        <title>KINGSOFT CORP LTD</title>
        <cusip>G5264Y108</cusip>
        <identifiers>
          <isin value="KYG5264Y1089"/>
          <ticker value="KSFTF"/>
        </identifiers>
        <balance>205103</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>583050.37</valUSD>
        <pctVal>0.0189417089</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BOSIDENG INTL. HLDGS. LTD</name>
        <lei>254900G7F1RDM4B3S169</lei>
        <title>BOSIDENG INTL. HLDGS. LTD</title>
        <cusip>G12652106</cusip>
        <identifiers>
          <isin value="KYG126521064"/>
          <ticker value="BSDGF"/>
        </identifiers>
        <balance>1256000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>686759.51</valUSD>
        <pctVal>0.0223109347</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CP ALL PCL</name>
        <lei>894500LSBZLM09TY1A91</lei>
        <title>CP ALL PCL</title>
        <cusip>Y1772K169</cusip>
        <identifiers>
          <isin value="TH0737010Y16"/>
          <ticker value="CVPBF"/>
        </identifiers>
        <balance>905200</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.2205"/>
        <valUSD>1273855</valUSD>
        <pctVal>0.0413840585</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GCL TECH. HLDGS. LTD</name>
        <lei>529900O1QCZWP5IWVY66</lei>
        <title>GCL TECH. HLDGS. LTD</title>
        <cusip>G3774X108</cusip>
        <identifiers>
          <isin value="KYG3774X1088"/>
          <ticker value="GCPEF"/>
        </identifiers>
        <balance>4581000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>408148.71</valUSD>
        <pctVal>0.0132596332</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AL RAJHI BANK</name>
        <lei>558600BQZS4Y1DTU8589</lei>
        <title>AL RAJHI BANK</title>
        <cusip>M0R60D105</cusip>
        <identifiers>
          <isin value="SA0007879113"/>
          <ticker value="1120"/>
        </identifiers>
        <balance>711749</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>12495193.76</valUSD>
        <pctVal>0.4059346075</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TALAAT MOUSTAFA GROUP</name>
        <lei>N/A</lei>
        <title>TALAAT MOUSTAFA GROUP</title>
        <cusip>M8763H108</cusip>
        <identifiers>
          <isin value="EGS691S1C011"/>
          <ticker value="TMGH"/>
        </identifiers>
        <balance>175869</balance>
        <units>NS</units>
        <currencyConditional curCd="EGP" exchangeRt="49.13"/>
        <valUSD>338241.31</valUSD>
        <pctVal>0.0109885334</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMMERCIAL BANK PSQC/THE</name>
        <lei>2138004FUUD4I7X8H721</lei>
        <title>COMMERCIAL BANK PSQC/THE</title>
        <cusip>M25354107</cusip>
        <identifiers>
          <isin value="QA0007227752"/>
          <ticker value="CBQK"/>
        </identifiers>
        <balance>668917</balance>
        <units>NS</units>
        <currencyConditional curCd="QAR" exchangeRt="3.641"/>
        <valUSD>745233.72</valUSD>
        <pctVal>0.0242106016</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>QA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COLGATE-PALMOLIVE INDIA L</name>
        <lei>335800YWKI47DGFKWB26</lei>
        <title>COLGATE-PALMOLIVE INDIA L</title>
        <cusip>Y1673X104</cusip>
        <identifiers>
          <isin value="INE259A01022"/>
          <ticker value="CPIYF"/>
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        <balance>28118</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>595433.71</valUSD>
        <pctVal>0.0193440097</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK CENTRAL ASIA TBK PT</name>
        <lei>254900BR956G2OHVOM21</lei>
        <title>BANK CENTRAL ASIA TBK PT</title>
        <cusip>Y7123P138</cusip>
        <identifiers>
          <isin value="ID1000109507"/>
          <ticker value="PBCRF"/>
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        <balance>11803460</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="17880"/>
        <valUSD>3675945.61</valUSD>
        <pctVal>0.1194214005</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BAJAJ AUTO LTD</name>
        <lei>335800DLAO5NCNN8G863</lei>
        <title>BAJAJ AUTO LTD</title>
        <cusip>Y05490100</cusip>
        <identifiers>
          <isin value="INE917I01010"/>
          <ticker value="BAJAJ-AUTO"/>
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        <balance>15761</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
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        <pctVal>0.0529220521</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HUIZHOU DESAY SV AUTOMOTI</name>
        <lei>655600CCT6YFPT86LA32</lei>
        <title>HUIZHOU DESAY SV AUTOMOTI</title>
        <cusip>Y374EM108</cusip>
        <identifiers>
          <isin value="CNE1000033C7"/>
          <ticker value="002920"/>
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        <balance>9400</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
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        <pctVal>0.0036844383</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MONTAGE TECH. CO LTD</name>
        <lei>N/A</lei>
        <title>MONTAGE TECH. CO LTD</title>
        <cusip>Y6S3M5108</cusip>
        <identifiers>
          <isin value="CNE100003MN7"/>
          <ticker value="688008"/>
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        <balance>16865</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>791208.35</valUSD>
        <pctVal>0.0257041913</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KANZHUN LTD ADR</name>
        <lei>254900F4ZCBITP7L0251</lei>
        <title>KANZHUN LTD ADR</title>
        <cusip>48553T106</cusip>
        <identifiers>
          <isin value="US48553T1060"/>
          <ticker value="BZ"/>
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        <balance>86453</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1112650.11</valUSD>
        <pctVal>0.0361469533</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>
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      </invstOrSec>
      <invstOrSec>
        <name>RONGSHENG PETRO CHEM. CO</name>
        <lei>N/A</lei>
        <title>RONGSHENG PETRO CHEM. CO</title>
        <cusip>Y7324B102</cusip>
        <identifiers>
          <isin value="CNE100000W60"/>
          <ticker value="002493"/>
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        <balance>129100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>204526.14</valUSD>
        <pctVal>0.0066444939</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SATELLITE CHEMICAL</name>
        <lei>300300EB6R0AX600R053</lei>
        <title>SATELLITE CHEMICAL</title>
        <cusip>Y98961116</cusip>
        <identifiers>
          <isin value="CNE100001B07"/>
          <ticker value="002648"/>
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        <balance>43761</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>150530.73</valUSD>
        <pctVal>0.0048903310</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHENZHEN NEW IND A CNY1</name>
        <lei>N/A</lei>
        <title>SHENZHEN NEW IND A CNY1</title>
        <cusip>Y774FY102</cusip>
        <identifiers>
          <isin value="CNE100003T39"/>
          <ticker value="300832"/>
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        <balance>9800</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>60753.86</valUSD>
        <pctVal>0.0019737264</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HUANENG POWER INTL. INC</name>
        <lei>529900WU0SMVKMPG4V21</lei>
        <title>HUANENG POWER INTL. INC</title>
        <cusip>Y3744A105</cusip>
        <identifiers>
          <isin value="CNE1000006Z4"/>
          <ticker value="HUNGF"/>
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        <balance>1024501</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>714348.23</valUSD>
        <pctVal>0.0232072166</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BHARAT PETROLEUM CORP LTD</name>
        <lei>8GRDBX1TJ0PU5NCSHT72</lei>
        <title>BHARAT PETROLEUM CORP LTD</title>
        <cusip>Y0882Z116</cusip>
        <identifiers>
          <isin value="INE029A01011"/>
          <ticker value="BHTPF"/>
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        <balance>407011</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1310292.44</valUSD>
        <pctVal>0.0425678111</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AYALA CORP</name>
        <lei>254900QJ68UH8GKNGI69</lei>
        <title>AYALA CORP</title>
        <cusip>Y0486V115</cusip>
        <identifiers>
          <isin value="PHY0486V1154"/>
          <ticker value="AYYLF"/>
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        <balance>43107</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="61.37"/>
        <valUSD>294788.94</valUSD>
        <pctVal>0.0095768849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA SHENHUA ENERGY CO L</name>
        <lei>529900N9JOX4C108MA40</lei>
        <title>CHINA SHENHUA ENERGY CO L</title>
        <cusip>Y1504C113</cusip>
        <identifiers>
          <isin value="CNE1000002R0"/>
          <ticker value="CUAEF"/>
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        <balance>816136</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>4174248.7</valUSD>
        <pctVal>0.1356099025</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HONG LEONG BANK BHD</name>
        <lei>549300BUPYUQGB5BFX94</lei>
        <title>HONG LEONG BANK BHD</title>
        <cusip>Y36503103</cusip>
        <identifiers>
          <isin value="MYL5819OO007"/>
          <ticker value="HLFAF"/>
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        <balance>154498</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.0775"/>
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        <pctVal>0.0264088605</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SK HYNIX INC</name>
        <lei>988400XAIK6XISWQV045</lei>
        <title>SK HYNIX INC</title>
        <cusip>Y8085F100</cusip>
        <identifiers>
          <isin value="KR7000660001"/>
          <ticker value="HXSCF"/>
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        <balance>133007</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>234666294.18</valUSD>
        <pctVal>7.6236648956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HYUNDAI ENG. &amp; CONSTRUCTI</name>
        <lei>988400CEQG9N710HN313</lei>
        <title>HYUNDAI ENG. &amp; CONSTRUCTI</title>
        <cusip>Y38382100</cusip>
        <identifiers>
          <isin value="KR7000720003"/>
          <ticker value="HYEHF"/>
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        <balance>17503</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>1300549.46</valUSD>
        <pctVal>0.0422512884</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HYUNDAI MOTOR CO KRW5000</name>
        <lei>9884004RQX8PRBXQ8S60</lei>
        <title>HYUNDAI MOTOR CO KRW5000</title>
        <cusip>Y38472109</cusip>
        <identifiers>
          <isin value="KR7005380001"/>
          <ticker value="HYMLF"/>
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        <balance>31990</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>10300182.34</valUSD>
        <pctVal>0.3346247010</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DOOSAN CO LTD</name>
        <lei>988400GNQKLXZRRQQE60</lei>
        <title>DOOSAN CO LTD</title>
        <cusip>Y2100N107</cusip>
        <identifiers>
          <isin value="KR7000150003"/>
          <ticker value="DOSAF"/>
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        <balance>1795</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>1746028.09</valUSD>
        <pctVal>0.0567236684</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UNI-PRESIDENT ENTS. CORP</name>
        <lei>254900DAXBDMVEXU5959</lei>
        <title>UNI-PRESIDENT ENTS. CORP</title>
        <cusip>Y91475106</cusip>
        <identifiers>
          <isin value="TW0001216000"/>
          <ticker value="UPEZF"/>
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        <balance>1157150</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>2710944.73</valUSD>
        <pctVal>0.0880711661</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PRESIDENT CHAIN STORE COR</name>
        <lei>N/A</lei>
        <title>PRESIDENT CHAIN STORE COR</title>
        <cusip>Y7082T105</cusip>
        <identifiers>
          <isin value="TW0002912003"/>
          <ticker value="PCFFF"/>
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        <balance>134220</balance>
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        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>939741.23</valUSD>
        <pctVal>0.0305296176</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OIL &amp; NATURAL GAS CORP LT</name>
        <lei>335800FPDZ9MRSNO7N41</lei>
        <title>OIL &amp; NATURAL GAS CORP LT</title>
        <cusip>Y64606133</cusip>
        <identifiers>
          <isin value="INE213A01029"/>
          <ticker value="ONGC"/>
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        <balance>616611</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1528628.85</valUSD>
        <pctVal>0.0496609628</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHENZHEN TRANSSION HLDGS.</name>
        <lei>300300PDJRSNMVF0VJ83</lei>
        <title>SHENZHEN TRANSSION HLDGS.</title>
        <cusip>Y774FC100</cusip>
        <identifiers>
          <isin value="CNE100003P74"/>
          <ticker value="688036"/>
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        <balance>14547</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>127168.23</valUSD>
        <pctVal>0.0041313473</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>POLY DEVS. AND HLDGS. GRP</name>
        <lei>300300W9OF1ZRGUDVU96</lei>
        <title>POLY DEVS. AND HLDGS. GRP</title>
        <cusip>Y7000Q100</cusip>
        <identifiers>
          <isin value="CNE000001ND1"/>
          <ticker value="600048"/>
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        <balance>158200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>108162.82</valUSD>
        <pctVal>0.0035139136</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POWER CONSTRUCTION CORP O</name>
        <lei>300300MX911UESD4EH33</lei>
        <title>POWER CONSTRUCTION CORP O</title>
        <cusip>Y7999Z103</cusip>
        <identifiers>
          <isin value="CNE1000017G1"/>
          <ticker value="601669"/>
        </identifiers>
        <balance>233100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>161448.27</valUSD>
        <pctVal>0.0052450119</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GUOTAI JUNAN SECURITIES C</name>
        <lei>300300E1005431000017</lei>
        <title>GUOTAI JUNAN SECURITIES C</title>
        <cusip>Y2R614107</cusip>
        <identifiers>
          <isin value="CNE1000022F3"/>
          <ticker value="601211"/>
        </identifiers>
        <balance>217638</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>584960.52</valUSD>
        <pctVal>0.0190037645</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK OF CHANGSHA CO LTD</name>
        <lei>300300C1086243000041</lei>
        <title>BANK OF CHANGSHA CO LTD</title>
        <cusip>Y0R95D101</cusip>
        <identifiers>
          <isin value="CNE100003F50"/>
          <ticker value="601577"/>
        </identifiers>
        <balance>50200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>64456.24</valUSD>
        <pctVal>0.0020940066</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA RES. SANJIU MEDICAL</name>
        <lei>N/A</lei>
        <title>CHINA RES. SANJIU MEDICAL</title>
        <cusip>Y7503B105</cusip>
        <identifiers>
          <isin value="CNE0000011K8"/>
          <ticker value="000999"/>
        </identifiers>
        <balance>24843</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>82240.66</valUSD>
        <pctVal>0.0026717737</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EVERBRIGHT SECS. CO LTD</name>
        <lei>300300631H57L451WO11</lei>
        <title>EVERBRIGHT SECS. CO LTD</title>
        <cusip>Y2357S106</cusip>
        <identifiers>
          <isin value="CNE100000FD8"/>
          <ticker value="601788"/>
        </identifiers>
        <balance>49998</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>106514.12</valUSD>
        <pctVal>0.0034603519</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ITAU UNIBANCO HOLDINGS S.</name>
        <lei>5493002W2IVG62O3ZJ94</lei>
        <title>ITAU UNIBANCO HOLDINGS S.</title>
        <cusip>P5968U113</cusip>
        <identifiers>
          <isin value="BRITUBACNPR1"/>
          <ticker value="ITUB4"/>
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        <balance>1320889</balance>
        <units>PA</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>10818276.14</valUSD>
        <pctVal>0.3514561489</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>GRUPO CIBEST SA PRF</name>
        <lei>529900OSSJBGZREZ2C28</lei>
        <title>GRUPO CIBEST SA PRF</title>
        <cusip>P49500112</cusip>
        <identifiers>
          <isin value="COTK7PA00028"/>
          <ticker value="PFCIBEST"/>
        </identifiers>
        <balance>105067</balance>
        <units>PA</units>
        <currencyConditional curCd="COP" exchangeRt="3418.22"/>
        <valUSD>2077844.38</valUSD>
        <pctVal>0.0675034705</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</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>PETROBRAS</name>
        <lei>5493000J801JZRCMFE49</lei>
        <title>PETROBRAS</title>
        <cusip>P78331140</cusip>
        <identifiers>
          <isin value="BRPETRACNPR6"/>
          <ticker value="PTRBF"/>
        </identifiers>
        <balance>1040661</balance>
        <units>PA</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>7614002.67</valUSD>
        <pctVal>0.2473580838</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>ITAUSA SA</name>
        <lei>N/A</lei>
        <title>ITAUSA SA</title>
        <cusip>P5887P427</cusip>
        <identifiers>
          <isin value="BRITSAACNPR7"/>
          <ticker value="ITSA4"/>
        </identifiers>
        <balance>1422528</balance>
        <units>PA</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>3692515.97</valUSD>
        <pctVal>0.1199597261</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>BANCO BRADESCO SA</name>
        <lei>549300CTUU1RFXHQJE44</lei>
        <title>BANCO BRADESCO SA</title>
        <cusip>P1808G117</cusip>
        <identifiers>
          <isin value="BRBBDCACNPR8"/>
          <ticker value="BRDPF"/>
        </identifiers>
        <balance>1283894</balance>
        <units>PA</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>4491626.92</valUSD>
        <pctVal>0.1459206513</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>HYUNDAI MOTOR CO</name>
        <lei>9884004RQX8PRBXQ8S60</lei>
        <title>HYUNDAI MOTOR CO</title>
        <cusip>Y38472224</cusip>
        <identifiers>
          <isin value="KR7005382007"/>
          <ticker value="HYMOF"/>
        </identifiers>
        <balance>8354</balance>
        <units>PA</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>1180569.02</valUSD>
        <pctVal>0.0383534526</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CIA ENERGETICA DE MINAS G</name>
        <lei>254900W703PXLDSEM056</lei>
        <title>CIA ENERGETICA DE MINAS G</title>
        <cusip>P2577R110</cusip>
        <identifiers>
          <isin value="BRCMIGACNPR3"/>
          <ticker value="CEMCF"/>
        </identifiers>
        <balance>414321</balance>
        <units>PA</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>868402.31</valUSD>
        <pctVal>0.0282120116</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>HOSHINE SILICON INDU CN</name>
        <lei>300300RQV6XQFC4OVX72</lei>
        <title>HOSHINE SILICON INDU CN</title>
        <cusip>Y3125P101</cusip>
        <identifiers>
          <isin value="CNE100002V10"/>
          <ticker value="603260"/>
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        <balance>10900</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>77518.73</valUSD>
        <pctVal>0.0025183711</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUZHOU MAXWELL TECHS. CO</name>
        <lei>N/A</lei>
        <title>SUZHOU MAXWELL TECHS. CO</title>
        <cusip>Y831GX101</cusip>
        <identifiers>
          <isin value="CNE100003FS0"/>
          <ticker value="300751"/>
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        <balance>4200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>175750.54</valUSD>
        <pctVal>0.0057096535</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ABU DHABI ISLAMIC BANK PJ</name>
        <lei>5493006DOLY8O98XHD74</lei>
        <title>ABU DHABI ISLAMIC BANK PJ</title>
        <cusip>M0152R102</cusip>
        <identifiers>
          <isin value="AEA000801018"/>
          <ticker value="ADIB"/>
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        <balance>337932</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.6728"/>
        <valUSD>1899692.16</valUSD>
        <pctVal>0.0617157930</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GUANGDONG HEC TECH. HLDG.</name>
        <lei>300300W2PN2R35FBHK71</lei>
        <title>GUANGDONG HEC TECH. HLDG.</title>
        <cusip>Y13066108</cusip>
        <identifiers>
          <isin value="CNE000000BL1"/>
          <ticker value="CUTTF"/>
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        <balance>41100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>205046.31</valUSD>
        <pctVal>0.0066613928</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SANAN OPTOELECTRONICS CO</name>
        <lei>300300ENZJGEMR41WW12</lei>
        <title>SANAN OPTOELECTRONICS CO</title>
        <cusip>Y7478M102</cusip>
        <identifiers>
          <isin value="CNE000000KB3"/>
          <ticker value="600703"/>
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        <balance>97100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>306382.51</valUSD>
        <pctVal>0.0099535282</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHENGYI TECH. CO LTD</name>
        <lei>N/A</lei>
        <title>SHENGYI TECH. CO LTD</title>
        <cusip>Y20965102</cusip>
        <identifiers>
          <isin value="CNE000000XL5"/>
          <ticker value="DGUNF"/>
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        <balance>34000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>875905.05</valUSD>
        <pctVal>0.0284557550</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JIANGSU ZHONGTIAN TECH. C</name>
        <lei>3003006LG5TV3D5D3508</lei>
        <title>JIANGSU ZHONGTIAN TECH. C</title>
        <cusip>Y444E8100</cusip>
        <identifiers>
          <isin value="CNE000001CW4"/>
          <ticker value="600522"/>
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        <balance>40200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>362965.1</valUSD>
        <pctVal>0.0117917415</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COSCO SHIPPING HLDGS. CO</name>
        <lei>3003009XI0QGYYA29S17</lei>
        <title>COSCO SHIPPING HLDGS. CO</title>
        <cusip>Y1455B114</cusip>
        <identifiers>
          <isin value="CNE100000601"/>
          <ticker value="601919"/>
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        <balance>165880</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>324148.7</valUSD>
        <pctVal>0.0105307031</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZIJIN MINING GRP. CO LTD</name>
        <lei>836800JRNL2393Z2I561</lei>
        <title>ZIJIN MINING GRP. CO LTD</title>
        <cusip>Y9892H115</cusip>
        <identifiers>
          <isin value="CNE100000B24"/>
          <ticker value="601899"/>
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        <balance>282700</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>1049721.1</valUSD>
        <pctVal>0.0341025622</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUATAI SECS. CO LTD</name>
        <lei>3003009ABT0UCWO79Q77</lei>
        <title>HUATAI SECS. CO LTD</title>
        <cusip>Y37426106</cusip>
        <identifiers>
          <isin value="CNE100000LQ8"/>
          <ticker value="601688"/>
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        <balance>104200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>317536.08</valUSD>
        <pctVal>0.0103158772</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHANDONG SUN PAPER IND. J</name>
        <lei>3003003IDX6WN6H5CH12</lei>
        <title>SHANDONG SUN PAPER IND. J</title>
        <cusip>Y7681V105</cusip>
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          <isin value="CNE000001P52"/>
          <ticker value="002078"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BEIJING ENLIGHT MEDIA CO</name>
        <lei>3003001OIMLU5YWOKG42</lei>
        <title>BEIJING ENLIGHT MEDIA CO</title>
        <cusip>Y0773B103</cusip>
        <identifiers>
          <isin value="CNE100001617"/>
          <ticker value="300251"/>
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        <balance>36500</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHONGQING ZHIFEI BIOLOGIC</name>
        <lei>300300DRZD9P8L2NA467</lei>
        <title>CHONGQING ZHIFEI BIOLOGIC</title>
        <cusip>Y1601T100</cusip>
        <identifiers>
          <isin value="CNE100000V20"/>
          <ticker value="300122"/>
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        <balance>51050</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>GUANGDONG HAID GRP. CO LT</name>
        <lei>300300Y7LIHH4R4TWD50</lei>
        <title>GUANGDONG HAID GRP. CO LT</title>
        <cusip>Y29255109</cusip>
        <identifiers>
          <isin value="CNE100000HP8"/>
          <ticker value="002311"/>
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        <balance>22400</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>XCMG CONSTRUCTION MACHINE</name>
        <lei>300300QGG1VFJ0WTJE78</lei>
        <title>XCMG CONSTRUCTION MACHINE</title>
        <cusip>Y9T17R112</cusip>
        <identifiers>
          <isin value="CNE000000FH0"/>
          <ticker value="000425"/>
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        <balance>159500</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SHENERGY CO LTD</name>
        <lei>300300PA40YYCBW4WW70</lei>
        <title>SHENERGY CO LTD</title>
        <cusip>Y7T046109</cusip>
        <identifiers>
          <isin value="CNE0000005Q7"/>
          <ticker value="SAEGF"/>
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        <balance>41700</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHANDONG HUALU HENGSHENG</name>
        <lei>655600R2WZ4EKICFE373</lei>
        <title>SHANDONG HUALU HENGSHENG</title>
        <cusip>Y76843104</cusip>
        <identifiers>
          <isin value="CNE000001BM7"/>
          <ticker value="SHCIF"/>
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        <balance>27340</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHINA EVERBRIGHT BANK CO</name>
        <lei>549300U6PKQ4H1P34E17</lei>
        <title>CHINA EVERBRIGHT BANK CO</title>
        <cusip>Y1477U116</cusip>
        <identifiers>
          <isin value="CNE100000SL4"/>
          <ticker value="601818"/>
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        <balance>665900</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SOOCHOW SECURITIES CO LTD</name>
        <lei>300300E1008532000098</lei>
        <title>SOOCHOW SECURITIES CO LTD</title>
        <cusip>Y8074Z117</cusip>
        <identifiers>
          <isin value="CNE1000019P8"/>
          <ticker value="601555"/>
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        <balance>72343</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>84610.35</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FOSHAN HAITIAN FLAVOURING</name>
        <lei>N/A</lei>
        <title>FOSHAN HAITIAN FLAVOURING</title>
        <cusip>Y23840104</cusip>
        <identifiers>
          <isin value="CNE100001SL2"/>
          <ticker value="603288"/>
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        <balance>61158</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>298669.77</valUSD>
        <pctVal>0.0097029625</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BOC INTL. CHINA CO LTD</name>
        <lei>3003007E9G154XL2PS13</lei>
        <title>BOC INTL. CHINA CO LTD</title>
        <cusip>Y092BZ100</cusip>
        <identifiers>
          <isin value="CNE100003R64"/>
          <ticker value="601696"/>
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        <balance>28600</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SHENZHEN KEDALI IND. CO L</name>
        <lei>N/A</lei>
        <title>SHENZHEN KEDALI IND. CO L</title>
        <cusip>Y774C5108</cusip>
        <identifiers>
          <isin value="CNE100002JW6"/>
          <ticker value="002850"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RAYTRON TECH. CO LTD</name>
        <lei>N/A</lei>
        <title>RAYTRON TECH. CO LTD</title>
        <cusip>Y7S9BW106</cusip>
        <identifiers>
          <isin value="CNE100003MX6"/>
          <ticker value="688002"/>
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        <balance>7961</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>CANMAX TECHNOLOGIES CO LT</name>
        <lei>8368000VRYF7HAR81G71</lei>
        <title>CANMAX TECHNOLOGIES CO LT</title>
        <cusip>Y831BX106</cusip>
        <identifiers>
          <isin value="CNE100001XM0"/>
          <ticker value="300390"/>
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        <balance>13600</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ZHEJIANG NHU CO LTD</name>
        <lei>655600NJSJADB39G3P54</lei>
        <title>ZHEJIANG NHU CO LTD</title>
        <cusip>Y98910105</cusip>
        <identifiers>
          <isin value="CNE000001J84"/>
          <ticker value="002001"/>
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        <balance>42448</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>TCL TECH. GRP. CORP</name>
        <lei>300300K9RLEXIIDB1U19</lei>
        <title>TCL TECH. GRP. CORP</title>
        <cusip>Y8549C107</cusip>
        <identifiers>
          <isin value="CNE000001GL8"/>
          <ticker value="TCLOF"/>
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        <balance>266410</balance>
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        <valUSD>229979.18</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>YUNNAN ENERGY NEW MATERIA</name>
        <lei>N/A</lei>
        <title>YUNNAN ENERGY NEW MATERIA</title>
        <cusip>Y9881M109</cusip>
        <identifiers>
          <isin value="CNE100002BR3"/>
          <ticker value="002812"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>YEALINK NETWORK TECH. COR</name>
        <lei>N/A</lei>
        <title>YEALINK NETWORK TECH. COR</title>
        <cusip>Y9750S104</cusip>
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          <isin value="CNE100002PC5"/>
          <ticker value="300628"/>
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        <balance>18440</balance>
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        <valUSD>92227.59</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>BAIC BLUEPARK NEW ENERGY</name>
        <lei>N/A</lei>
        <title>BAIC BLUEPARK NEW ENERGY</title>
        <cusip>Y1306F108</cusip>
        <identifiers>
          <isin value="CNE000000LP1"/>
          <ticker value="600733"/>
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        <balance>190800</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ZHEJIANG JUHUA CO LTD</name>
        <lei>N/A</lei>
        <title>ZHEJIANG JUHUA CO LTD</title>
        <cusip>Y9890M108</cusip>
        <identifiers>
          <isin value="CNE000000WQ6"/>
          <ticker value="ZHJJF"/>
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        <balance>32100</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>252013.65</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>YONYOU NETWORK TECH. CO L</name>
        <lei>30030017NBX3U80ANB35</lei>
        <title>YONYOU NETWORK TECH. CO L</title>
        <cusip>Y9042R104</cusip>
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          <isin value="CNE0000017Y6"/>
          <ticker value="600588"/>
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        <balance>42835</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>57944.14</valUSD>
        <pctVal>0.0018824463</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
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        <name>ANHUI CONCH CEMENT CO LTD</name>
        <lei>300300JVKW56SSAEQZ33</lei>
        <title>ANHUI CONCH CEMENT CO LTD</title>
        <cusip>Y01373110</cusip>
        <identifiers>
          <isin value="CNE0000019V8"/>
          <ticker value="AHCAF"/>
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        <balance>26200</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>65615.42</valUSD>
        <pctVal>0.0021316652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TCL ZHONGHUAN</name>
        <lei>300300Y3UHPAM1FB1Y03</lei>
        <title>TCL ZHONGHUAN</title>
        <cusip>Y88171106</cusip>
        <identifiers>
          <isin value="CNE1000000B8"/>
          <ticker value="002129"/>
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        <balance>52750</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>93789.85</valUSD>
        <pctVal>0.0030469752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ACCELINK TECHS. CO LTD</name>
        <lei>N/A</lei>
        <title>ACCELINK TECHS. CO LTD</title>
        <cusip>Y00060106</cusip>
        <identifiers>
          <isin value="CNE100000F87"/>
          <ticker value="002281"/>
        </identifiers>
        <balance>11600</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>448150.89</valUSD>
        <pctVal>0.0145591945</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NATIONAL SILICON IND. GRP</name>
        <lei>N/A</lei>
        <title>NATIONAL SILICON IND. GRP</title>
        <cusip>Y6S9KH101</cusip>
        <identifiers>
          <isin value="CNE1000040F5"/>
          <ticker value="688126"/>
        </identifiers>
        <balance>54787</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>326501.67</valUSD>
        <pctVal>0.0106071446</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VIBRA ENERGIA SA</name>
        <lei>549300U7VLJ3SYVNY689</lei>
        <title>VIBRA ENERGIA SA</title>
        <cusip>P9785J111</cusip>
        <identifiers>
          <isin value="BRVBBRACNOR1"/>
          <ticker value="VBBR3"/>
        </identifiers>
        <balance>255565</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>1477260.06</valUSD>
        <pctVal>0.0479921316</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>SK SQUARE CO LTD</name>
        <lei>N/A</lei>
        <title>SK SQUARE CO LTD</title>
        <cusip>Y8T6X4107</cusip>
        <identifiers>
          <isin value="KR7402340004"/>
          <ticker value="SKSQF"/>
        </identifiers>
        <balance>22253</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>24785577.53</valUSD>
        <pctVal>0.8052154997</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHENZHEN SALUBRIS PHARMS.</name>
        <lei>N/A</lei>
        <title>SHENZHEN SALUBRIS PHARMS.</title>
        <cusip>Y77443102</cusip>
        <identifiers>
          <isin value="CNE100000FW8"/>
          <ticker value="002294"/>
        </identifiers>
        <balance>17700</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>83179</valUSD>
        <pctVal>0.0027022578</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZTE CORP</name>
        <lei>3003004FBGVVG1CW5U45</lei>
        <title>ZTE CORP</title>
        <cusip>Y0004F121</cusip>
        <identifiers>
          <isin value="CNE000000TK5"/>
          <ticker value="SHZZF"/>
        </identifiers>
        <balance>59300</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>318166.28</valUSD>
        <pctVal>0.0103363506</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNITED SPIRITS LTD</name>
        <lei>3358004YFWQVX2EZDE82</lei>
        <title>UNITED SPIRITS LTD</title>
        <cusip>Y92311128</cusip>
        <identifiers>
          <isin value="INE854D01024"/>
          <ticker value="UNITDSPR"/>
        </identifiers>
        <balance>69778</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>998201.11</valUSD>
        <pctVal>0.0324288189</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JIANGSU EASTERN SHENGHONG</name>
        <lei>3003003WRWKC1GZHMH20</lei>
        <title>JIANGSU EASTERN SHENGHONG</title>
        <cusip>Y9717R108</cusip>
        <identifiers>
          <isin value="CNE0000012K6"/>
          <ticker value="000301"/>
        </identifiers>
        <balance>89900</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>151630.6</valUSD>
        <pctVal>0.0049260627</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AVARY HLDG. SHENZHEN CO L</name>
        <lei>30030067AGXAJK5FRS12</lei>
        <title>AVARY HLDG. SHENZHEN CO L</title>
        <cusip>Y0R9JY100</cusip>
        <identifiers>
          <isin value="CNE100003GF5"/>
          <ticker value="002938"/>
        </identifiers>
        <balance>27900</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>436611.69</valUSD>
        <pctVal>0.0141843175</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHANGHAI BOCHU ELECTRONIC</name>
        <lei>549300YYZ76IVQGGBM98</lei>
        <title>SHANGHAI BOCHU ELECTRONIC</title>
        <cusip>Y7T83N106</cusip>
        <identifiers>
          <isin value="CNE100003LY6"/>
          <ticker value="688188"/>
        </identifiers>
        <balance>5930</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>94016.33</valUSD>
        <pctVal>0.0030543330</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LODHA DEVELOPERS LIMITED</name>
        <lei>254900B5QCN52ETNU557</lei>
        <title>LODHA DEVELOPERS LIMITED</title>
        <cusip>Y5311S112</cusip>
        <identifiers>
          <isin value="INE670K01029"/>
          <ticker value="LODHA"/>
        </identifiers>
        <balance>56487</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>573170.52</valUSD>
        <pctVal>0.0186207397</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KRAFTON INC</name>
        <lei>988400CE024EWSCICK17</lei>
        <title>KRAFTON INC</title>
        <cusip>Y0929C104</cusip>
        <identifiers>
          <isin value="KR7259960003"/>
          <ticker value="A259960"/>
        </identifiers>
        <balance>6425</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>981113.53</valUSD>
        <pctVal>0.0318736903</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARABIAN INTERNET &amp; COMMS.</name>
        <lei>N/A</lei>
        <title>ARABIAN INTERNET &amp; COMMS.</title>
        <cusip>M1382U105</cusip>
        <identifiers>
          <isin value="SA15CIBJGH12"/>
          <ticker value="7202"/>
        </identifiers>
        <balance>5701</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>310274.6</valUSD>
        <pctVal>0.0100799716</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAUDI TADAWUL GRP. HLDG.</name>
        <lei>894500BXFAWZK686TP37</lei>
        <title>SAUDI TADAWUL GRP. HLDG.</title>
        <cusip>M82598109</cusip>
        <identifiers>
          <isin value="SA15DHKGHBH4"/>
          <ticker value="1111"/>
        </identifiers>
        <balance>11247</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>396797.72</valUSD>
        <pctVal>0.0128908707</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LG ENERGY SOLUTION LTD KR</name>
        <lei>988400QX6P286XA6ZS85</lei>
        <title>LG ENERGY SOLUTION LTD KR</title>
        <cusip>Y5S5CG102</cusip>
        <identifiers>
          <isin value="KR7373220003"/>
          <ticker value="A373220"/>
        </identifiers>
        <balance>11360</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>2664941.56</valUSD>
        <pctVal>0.0865766492</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>XIAOMI CORP</name>
        <lei>2549001ACVFAZRNMKL32</lei>
        <title>XIAOMI CORP</title>
        <cusip>G9830T106</cusip>
        <identifiers>
          <isin value="KYG9830T1067"/>
          <ticker value="XIACF"/>
        </identifiers>
        <balance>4081800</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>11318796.88</valUSD>
        <pctVal>0.3677166963</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HDFC ASSET MGT. CO LTD</name>
        <lei>3358002FLK8AK8WSEP31</lei>
        <title>HDFC ASSET MGT. CO LTD</title>
        <cusip>Y3R1AG299</cusip>
        <identifiers>
          <isin value="INE127D01025"/>
          <ticker value="HDFCAMC"/>
        </identifiers>
        <balance>48188</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1359200</valUSD>
        <pctVal>0.0441566837</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PDD HOLDINGS INC</name>
        <lei>5493000573DS7005T657</lei>
        <title>PDD HOLDINGS INC</title>
        <cusip>722304102</cusip>
        <identifiers>
          <isin value="US7223041028"/>
          <ticker value="PDD"/>
        </identifiers>
        <balance>136853</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10439146.84</valUSD>
        <pctVal>0.3391392768</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>ECOPRO BM CO LTD</name>
        <lei>988400KB3FIHJINXCS55</lei>
        <title>ECOPRO BM CO LTD</title>
        <cusip>Y2243T102</cusip>
        <identifiers>
          <isin value="KR7247540008"/>
          <ticker value="A247540"/>
        </identifiers>
        <balance>13292</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>1231037.02</valUSD>
        <pctVal>0.0399930197</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SICHUAN CHUANTOU ENERGY C</name>
        <lei>300300WW1VOIP39YTJ43</lei>
        <title>SICHUAN CHUANTOU ENERGY C</title>
        <cusip>Y7925C103</cusip>
        <identifiers>
          <isin value="CNE000000BQ0"/>
          <ticker value="600674"/>
        </identifiers>
        <balance>56000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>116905.09</valUSD>
        <pctVal>0.0037979260</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA NATL. SOFTWARE &amp; SE</name>
        <lei>3003006LDUEHU3TGWS06</lei>
        <title>CHINA NATL. SOFTWARE &amp; SE</title>
        <cusip>Y1503P107</cusip>
        <identifiers>
          <isin value="CNE000001BB0"/>
          <ticker value="600536"/>
        </identifiers>
        <balance>10400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>43300.87</valUSD>
        <pctVal>0.0014067266</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JIANGSU HENGLI HYDRAULIC</name>
        <lei>N/A</lei>
        <title>JIANGSU HENGLI HYDRAULIC</title>
        <cusip>Y443AC115</cusip>
        <identifiers>
          <isin value="CNE1000019R4"/>
          <ticker value="601100"/>
        </identifiers>
        <balance>16468</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>262702.61</valUSD>
        <pctVal>0.0085344880</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PING AN BANK CO LTD</name>
        <lei>549300W9MKNIVWXFM679</lei>
        <title>PING AN BANK CO LTD</title>
        <cusip>Y7740P107</cusip>
        <identifiers>
          <isin value="CNE000000040"/>
          <ticker value="SZDVF"/>
        </identifiers>
        <balance>303200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>449053.95</valUSD>
        <pctVal>0.0145885324</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZHEJIANG SANHUA INTELLIGE</name>
        <lei>8368003UTQ4F88XERZ23</lei>
        <title>ZHEJIANG SANHUA INTELLIGE</title>
        <cusip>Y9890L126</cusip>
        <identifiers>
          <isin value="CNE000001M22"/>
          <ticker value="002050"/>
        </identifiers>
        <balance>32800</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>212764.07</valUSD>
        <pctVal>0.0069121216</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LINGYI ITECH GUANGDONG CO</name>
        <lei>300300NKC44D46I52N38</lei>
        <title>LINGYI ITECH GUANGDONG CO</title>
        <cusip>Y446BS104</cusip>
        <identifiers>
          <isin value="CNE1000015L5"/>
          <ticker value="002600"/>
        </identifiers>
        <balance>107200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>275582.83</valUSD>
        <pctVal>0.0089529310</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SUNWODA ELECTNC. CO LTD</name>
        <lei>836800CQGW5QDXND0Q43</lei>
        <title>SUNWODA ELECTNC. CO LTD</title>
        <cusip>Y8309D105</cusip>
        <identifiers>
          <isin value="CNE100001260"/>
          <ticker value="300207"/>
        </identifiers>
        <balance>17800</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>49984.3</valUSD>
        <pctVal>0.0016238529</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LENS TECH. CO LTD</name>
        <lei>N/A</lei>
        <title>LENS TECH. CO LTD</title>
        <cusip>Y5227A106</cusip>
        <identifiers>
          <isin value="CNE100001YW7"/>
          <ticker value="300433"/>
        </identifiers>
        <balance>80900</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>644248.83</valUSD>
        <pctVal>0.0209298792</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QINGHAI SALT LAKE IND. CO</name>
        <lei>300300Q8WSV1OODU9092</lei>
        <title>QINGHAI SALT LAKE IND. CO</title>
        <cusip>Y7170U105</cusip>
        <identifiers>
          <isin value="CNE000000SW2"/>
          <ticker value="QGHAF"/>
        </identifiers>
        <balance>69700</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>310972.35</valUSD>
        <pctVal>0.0101026396</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>C&amp;D INTL. INV. GRP. LTD</name>
        <lei>N/A</lei>
        <title>C&amp;D INTL. INV. GRP. LTD</title>
        <cusip>G3165D109</cusip>
        <identifiers>
          <isin value="KYG3165D1097"/>
          <ticker value="CDIGF"/>
        </identifiers>
        <balance>227650</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>392567.35</valUSD>
        <pctVal>0.0127534375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHENGTUN MNG GROUP A CNY1</name>
        <lei>213800BAQT9T6LO1P311</lei>
        <title>CHENGTUN MNG GROUP A CNY1</title>
        <cusip>Y9722H103</cusip>
        <identifiers>
          <isin value="CNE000000KN8"/>
          <ticker value="600711"/>
        </identifiers>
        <balance>59000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>96075.89</valUSD>
        <pctVal>0.0031212424</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NINGXIA BAOFENG ENERGY GR</name>
        <lei>300300G6CBIVJWQ4IC71</lei>
        <title>NINGXIA BAOFENG ENERGY GR</title>
        <cusip>Y6S057109</cusip>
        <identifiers>
          <isin value="CNE100003LF5"/>
          <ticker value="600989"/>
        </identifiers>
        <balance>123600</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>365923.32</valUSD>
        <pctVal>0.0118878460</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHENNAN CIRCUITS CO LTD</name>
        <lei>300300VRJEDEV10SPJ55</lei>
        <title>SHENNAN CIRCUITS CO LTD</title>
        <cusip>Y774D3102</cusip>
        <identifiers>
          <isin value="CNE100003373"/>
          <ticker value="002916"/>
        </identifiers>
        <balance>9724</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>663435.99</valUSD>
        <pctVal>0.0215532175</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PLAZA SA</name>
        <lei>254900IOKBBI6NWAPK83</lei>
        <title>PLAZA SA</title>
        <cusip>P7898L106</cusip>
        <identifiers>
          <isin value="CL0002456714"/>
          <ticker value="MALLPLAZA"/>
        </identifiers>
        <balance>182002</balance>
        <units>NS</units>
        <currencyConditional curCd="CLP" exchangeRt="921.965"/>
        <valUSD>750145.18</valUSD>
        <pctVal>0.0243701614</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>PHARMARON BEIJING CO LTD</name>
        <lei>300300JYXHGVS5SNGG54</lei>
        <title>PHARMARON BEIJING CO LTD</title>
        <cusip>Y989K6101</cusip>
        <identifiers>
          <isin value="CNE100003JW4"/>
          <ticker value="300759"/>
        </identifiers>
        <balance>19125</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>81536.87</valUSD>
        <pctVal>0.0026489095</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ADVANCED MICRO-FABRICATIO</name>
        <lei>N/A</lei>
        <title>ADVANCED MICRO-FABRICATIO</title>
        <cusip>Y001DM108</cusip>
        <identifiers>
          <isin value="CNE100003MM9"/>
          <ticker value="688012"/>
        </identifiers>
        <balance>14599</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>1023851.12</valUSD>
        <pctVal>0.0332621175</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BILIBILI INC</name>
        <lei>5493008V60M52L3PIS45</lei>
        <title>BILIBILI INC</title>
        <cusip>G1098A101</cusip>
        <identifiers>
          <isin value="KYG1098A1013"/>
          <ticker value="BLBLF"/>
        </identifiers>
        <balance>58811</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>999215.35</valUSD>
        <pctVal>0.0324617688</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ADNOC DRILLING COMPANY AE</name>
        <lei>254900JPRSQL1PM0JV19</lei>
        <title>ADNOC DRILLING COMPANY AE</title>
        <cusip>M0R81X106</cusip>
        <identifiers>
          <isin value="AEA007301012"/>
          <ticker value="ADNOCDRILL"/>
        </identifiers>
        <balance>679219</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.6728"/>
        <valUSD>1061322.02</valUSD>
        <pctVal>0.0344794443</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NATIONAL BANK OF GREECE S</name>
        <lei>5UMCZOEYKCVFAW8ZLO05</lei>
        <title>NATIONAL BANK OF GREECE S</title>
        <cusip>X56533189</cusip>
        <identifiers>
          <isin value="GRS003003035"/>
          <ticker value="NBGIF"/>
        </identifiers>
        <balance>201797</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8751969"/>
        <valUSD>3489581.73</valUSD>
        <pctVal>0.1133669487</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INNOVENT BIOLOGICS INC</name>
        <lei>25490058ONL9SCIE1R22</lei>
        <title>INNOVENT BIOLOGICS INC</title>
        <cusip>G4818G101</cusip>
        <identifiers>
          <isin value="KYG4818G1010"/>
          <ticker value="IVBXF"/>
        </identifiers>
        <balance>343500</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>3500808.75</valUSD>
        <pctVal>0.1137316838</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BRITANNIA INDS. LTD</name>
        <lei>335800RRN5EVHNNAXN80</lei>
        <title>BRITANNIA INDS. LTD</title>
        <cusip>Y0969R151</cusip>
        <identifiers>
          <isin value="INE216A01030"/>
          <ticker value="BRITANNIA"/>
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        <balance>25487</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1392895.46</valUSD>
        <pctVal>0.0452513569</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZHEJIANG CHINA CMDTS. CIT</name>
        <lei>300300UELW04DCUGGZ27</lei>
        <title>ZHEJIANG CHINA CMDTS. CIT</title>
        <cusip>Y98916102</cusip>
        <identifiers>
          <isin value="CNE000001BC8"/>
          <ticker value="600415"/>
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        <balance>86100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>129392.05</valUSD>
        <pctVal>0.0042035932</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA ENERGY ENG. CORP LT</name>
        <lei>30030095F4B9XDN9QY57</lei>
        <title>CHINA ENERGY ENG. CORP LT</title>
        <cusip>Y1475W114</cusip>
        <identifiers>
          <isin value="CNE100004QL0"/>
          <ticker value="601868"/>
        </identifiers>
        <balance>430300</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>169627.56</valUSD>
        <pctVal>0.0055107346</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA CSSC HOLDINGS LIMIT</name>
        <lei>N/A</lei>
        <title>CHINA CSSC HOLDINGS LIMIT</title>
        <cusip>Y1414Q103</cusip>
        <identifiers>
          <isin value="CNE000000W05"/>
          <ticker value="HHMCF"/>
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        <balance>116300</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>580523.29</valUSD>
        <pctVal>0.0188596110</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUADONG MEDICINE CO LTD</name>
        <lei>300300WEZ30P69YUQZ42</lei>
        <title>HUADONG MEDICINE CO LTD</title>
        <cusip>Y3740R102</cusip>
        <identifiers>
          <isin value="CNE0000011S1"/>
          <ticker value="000963"/>
        </identifiers>
        <balance>22720</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>93953.13</valUSD>
        <pctVal>0.0030522798</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA RARE EARTH RESOURCE</name>
        <lei>N/A</lei>
        <title>CHINA RARE EARTH RESOURCE</title>
        <cusip>Y1521G105</cusip>
        <identifiers>
          <isin value="CNE000000WS2"/>
          <ticker value="000831"/>
        </identifiers>
        <balance>14300</balance>
        <units>NS</units>
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        <pctVal>0.0038154009</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TIANSHAN ALUMINUM GRP. CO</name>
        <lei>300300VE52AL1GWYFN04</lei>
        <title>TIANSHAN ALUMINUM GRP. CO</title>
        <cusip>Y9894M104</cusip>
        <identifiers>
          <isin value="CNE100000YJ6"/>
          <ticker value="002532"/>
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        <balance>78700</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>124322.12</valUSD>
        <pctVal>0.0040388850</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>DIXON TECHS. INDIA LTD</name>
        <lei>335800D7XO7AVXXJ8575</lei>
        <title>DIXON TECHS. INDIA LTD</title>
        <cusip>Y2R8Y5112</cusip>
        <identifiers>
          <isin value="INE935N01020"/>
          <ticker value="DIXON"/>
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        <balance>8790</balance>
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        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNIGROUP GUOXIN MICROELEC</name>
        <lei>N/A</lei>
        <title>UNIGROUP GUOXIN MICROELEC</title>
        <cusip>Y8488J105</cusip>
        <identifiers>
          <isin value="CNE000001M14"/>
          <ticker value="002049"/>
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        <balance>10479</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GUOSEN SECS. CO LTD</name>
        <lei>254900SSGIWSMEOHDN82</lei>
        <title>GUOSEN SECS. CO LTD</title>
        <cusip>Y295A2103</cusip>
        <identifiers>
          <isin value="CNE100001WS9"/>
          <ticker value="002736"/>
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        <balance>81200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW ORIENTAL EDUCATION &amp;</name>
        <lei>529900NHZVBZQZ8EKN29</lei>
        <title>NEW ORIENTAL EDUCATION &amp;</title>
        <cusip>G6470A116</cusip>
        <identifiers>
          <isin value="KYG6470A1168"/>
          <ticker value="NWOEF"/>
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        <balance>305920</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KAKAOBANK CORP KRW5000 32</name>
        <lei>988400VAVCFSK6VF9Q87</lei>
        <title>KAKAOBANK CORP KRW5000 32</title>
        <cusip>Y451AA104</cusip>
        <identifiers>
          <isin value="KR7323410001"/>
          <ticker value="A323410"/>
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        <balance>32728</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ZHESHANG SECS. CO LTD</name>
        <lei>300300E1009033000054</lei>
        <title>ZHESHANG SECS. CO LTD</title>
        <cusip>Y989BG109</cusip>
        <identifiers>
          <isin value="CNE100002R65"/>
          <ticker value="601878"/>
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        <balance>60800</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>85293.34</valUSD>
        <pctVal>0.0027709469</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>X5 RETAIL GROUP NV</name>
        <lei>213800J17UJJJDGUVF56</lei>
        <title>X5 RETAIL GROUP NV</title>
        <cusip>98387E205</cusip>
        <identifiers>
          <isin value="US98387E2054"/>
          <ticker value="PJP"/>
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        <balance>32705</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="78.700000"/>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TRINA SOLAR CO LTD</name>
        <lei>30030040IFQ4UMZDUU48</lei>
        <title>TRINA SOLAR CO LTD</title>
        <cusip>Y897BJ108</cusip>
        <identifiers>
          <isin value="CNE100003ZR0"/>
          <ticker value="688599"/>
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        <balance>28251</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>58959.79</valUSD>
        <pctVal>0.0019154420</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>METALLURGICAL CORP OF CHI</name>
        <lei>3003002HS6H57JTIFW38</lei>
        <title>METALLURGICAL CORP OF CHI</title>
        <cusip>Y5949Y101</cusip>
        <identifiers>
          <isin value="CNE100000FX6"/>
          <ticker value="601618"/>
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        <balance>198300</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>71418.41</valUSD>
        <pctVal>0.0023201884</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ZHEJIANG WEIMING ENVIRONM</name>
        <lei>300300MI4URDDZP5ZT02</lei>
        <title>ZHEJIANG WEIMING ENVIRONM</title>
        <cusip>Y989A0105</cusip>
        <identifiers>
          <isin value="CNE1000023N5"/>
          <ticker value="603568"/>
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        <balance>23100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>52356.72</valUSD>
        <pctVal>0.0017009264</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HUAFON CHEM. CO LTD</name>
        <lei>300300Z8ACP5RSQRBQ16</lei>
        <title>HUAFON CHEM. CO LTD</title>
        <cusip>Y988A4109</cusip>
        <identifiers>
          <isin value="CNE000001NK6"/>
          <ticker value="002064"/>
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        <balance>50400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>70579.29</valUSD>
        <pctVal>0.0022929277</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>YUNNAN ALUMINIUM CO LTD</name>
        <lei>3003008AXWSVMLG3MX37</lei>
        <title>YUNNAN ALUMINIUM CO LTD</title>
        <cusip>Y9881Y103</cusip>
        <identifiers>
          <isin value="CNE000000VG9"/>
          <ticker value="000807"/>
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        <balance>61400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>200034</valUSD>
        <pctVal>0.0064985566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BEIJING KINGSOFT OFFICE S</name>
        <lei>N/A</lei>
        <title>BEIJING KINGSOFT OFFICE S</title>
        <cusip>Y0R9YP102</cusip>
        <identifiers>
          <isin value="CNE100003PM2"/>
          <ticker value="688111"/>
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        <balance>4589</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>145765.1</valUSD>
        <pctVal>0.0047355087</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA RES. MICROELEC. LTD</name>
        <lei>N/A</lei>
        <title>CHINA RES. MICROELEC. LTD</title>
        <cusip>Y1R0E0106</cusip>
        <identifiers>
          <isin value="CNE100003S06"/>
          <ticker value="688396"/>
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        <balance>23419</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>341860.72</valUSD>
        <pctVal>0.0111061181</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HITACHI ENERGY INDIA LTD</name>
        <lei>549300ASJQYQLII9F213</lei>
        <title>HITACHI ENERGY INDIA LTD</title>
        <cusip>Y000XZ109</cusip>
        <identifiers>
          <isin value="INE07Y701011"/>
          <ticker value="POWERINDIA"/>
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        <balance>2911</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1082390.3</valUSD>
        <pctVal>0.0351638950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CAIXA SEGURIDADE PARTICIP</name>
        <lei>N/A</lei>
        <title>CAIXA SEGURIDADE PARTICIP</title>
        <cusip>P1S73N102</cusip>
        <identifiers>
          <isin value="BRCXSEACNOR7"/>
          <ticker value="CXSE3"/>
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        <balance>132200</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
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        <pctVal>0.0164311666</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>NORTHAM PLATINUM HLDGS. L</name>
        <lei>3789009D0712C7101695</lei>
        <title>NORTHAM PLATINUM HLDGS. L</title>
        <cusip>S56431109</cusip>
        <identifiers>
          <isin value="ZAE000298253"/>
          <ticker value="NPTLF"/>
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        <balance>86530</balance>
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        <currencyConditional curCd="ZAR" exchangeRt="16.38"/>
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        <pctVal>0.0407184732</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FULL TRUCK ALLIANCE C ADR</name>
        <lei>984500884LB1DP8DAC57</lei>
        <title>FULL TRUCK ALLIANCE C ADR</title>
        <cusip>35969L108</cusip>
        <identifiers>
          <isin value="US35969L1089"/>
          <ticker value="YMM"/>
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        <balance>182584</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1482582.08</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>XPENG INC</name>
        <lei>549300TZNMIREMWQU857</lei>
        <title>XPENG INC</title>
        <cusip>G982AW100</cusip>
        <identifiers>
          <isin value="KYG982AW1003"/>
          <ticker value="XPNGF"/>
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        <balance>296458</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>1944165.56</valUSD>
        <pctVal>0.0631606119</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>H WORLD</name>
        <lei>549300Y5ML31FVN83730</lei>
        <title>H WORLD</title>
        <cusip>44332N106</cusip>
        <identifiers>
          <isin value="US44332N1063"/>
          <ticker value="HTHT"/>
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        <balance>46376</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1934806.72</valUSD>
        <pctVal>0.0628565688</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>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA NONFERROUS MINING C</name>
        <lei>N/A</lei>
        <title>CHINA NONFERROUS MINING C</title>
        <cusip>Y13982106</cusip>
        <identifiers>
          <isin value="HK0000112026"/>
          <ticker value="CNFMF"/>
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        <balance>313000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>447890.2</valUSD>
        <pctVal>0.0145507253</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FSN E-COMMERCE VENTURES L</name>
        <lei>335800X5BJYC18NHDQ91</lei>
        <title>FSN E-COMMERCE VENTURES L</title>
        <cusip>Y2R5BZ117</cusip>
        <identifiers>
          <isin value="INE388Y01029"/>
          <ticker value="NYKAA"/>
        </identifiers>
        <balance>322595</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1062263.31</valUSD>
        <pctVal>0.0345100243</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CNGR ADVANCED MATERIAL CO</name>
        <lei>213800FP1O8DBRF5AI17</lei>
        <title>CNGR ADVANCED MATERIAL CO</title>
        <cusip>Y1R6PC105</cusip>
        <identifiers>
          <isin value="CNE1000049X9"/>
          <ticker value="300919"/>
        </identifiers>
        <balance>10502</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>68012.29</valUSD>
        <pctVal>0.0022095329</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA THREE GORGES RENEWA</name>
        <lei>300300C9638DU18HFK27</lei>
        <title>CHINA THREE GORGES RENEWA</title>
        <cusip>Y1521K106</cusip>
        <identifiers>
          <isin value="CNE1000051F2"/>
          <ticker value="600905"/>
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        <balance>426400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>233219.59</valUSD>
        <pctVal>0.0075766654</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SOLAR INDS. INDIA LTD</name>
        <lei>3358002ANWRT2YJ79L60</lei>
        <title>SOLAR INDS. INDIA LTD</title>
        <cusip>Y806C9126</cusip>
        <identifiers>
          <isin value="INE343H01029"/>
          <ticker value="SOLARINDS"/>
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        <balance>5697</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1127155.84</valUSD>
        <pctVal>0.0366182048</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ENN NATURAL GAS CO LTD</name>
        <lei>300300KVDMGNQNP52Z98</lei>
        <title>ENN NATURAL GAS CO LTD</title>
        <cusip>Y3119Q107</cusip>
        <identifiers>
          <isin value="CNE000000DG7"/>
          <ticker value="600803"/>
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        <balance>31600</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>73217.14</valUSD>
        <pctVal>0.0023786243</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REMEGEN CO LTD</name>
        <lei>300300M9HCX4TFAD4I10</lei>
        <title>REMEGEN CO LTD</title>
        <cusip>Y7S9CK101</cusip>
        <identifiers>
          <isin value="CNE1000048G6"/>
          <ticker value="REGMF"/>
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        <balance>44000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>418682.78</valUSD>
        <pctVal>0.0136018563</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ETERNAL LTD</name>
        <lei>335800T4VOF9ETHF8W59</lei>
        <title>ETERNAL LTD</title>
        <cusip>Y9899X105</cusip>
        <identifiers>
          <isin value="INE758T01015"/>
          <ticker value="ETERNAL"/>
        </identifiers>
        <balance>588835</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1661486.23</valUSD>
        <pctVal>0.0539771350</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BEIJING WANTAI BIOLOGICAL</name>
        <lei>300300280PS0QGBZBS92</lei>
        <title>BEIJING WANTAI BIOLOGICAL</title>
        <cusip>Y077CK103</cusip>
        <identifiers>
          <isin value="CNE100004090"/>
          <ticker value="603392"/>
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        <balance>11158</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>44431.25</valUSD>
        <pctVal>0.0014434496</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZHONGTAI SECS. CO LTD</name>
        <lei>300300E1012137000054</lei>
        <title>ZHONGTAI SECS. CO LTD</title>
        <cusip>Y989B4106</cusip>
        <identifiers>
          <isin value="CNE100004900"/>
          <ticker value="600918"/>
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        <balance>119500</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>93855.55</valUSD>
        <pctVal>0.0030491096</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BAIDU INC</name>
        <lei>254900AL64IANZYI1E02</lei>
        <title>BAIDU INC</title>
        <cusip>G07034104</cusip>
        <identifiers>
          <isin value="KYG070341048"/>
          <ticker value="BAIDF"/>
        </identifiers>
        <balance>502682</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>7158177.43</valUSD>
        <pctVal>0.2325495708</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GD POWER DEVELOPMENT CO C</name>
        <lei>300300BVGPH64Z7BNK97</lei>
        <title>GD POWER DEVELOPMENT CO C</title>
        <cusip>Y1964L108</cusip>
        <identifiers>
          <isin value="CNE000000PC0"/>
          <ticker value="600795"/>
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        <balance>242200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>166875.84</valUSD>
        <pctVal>0.0054213388</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BEIJING TONGRENTANG CO LT</name>
        <lei>N/A</lei>
        <title>BEIJING TONGRENTANG CO LT</title>
        <cusip>Y0771B105</cusip>
        <identifiers>
          <isin value="CNE000000R69"/>
          <ticker value="BJTGF"/>
        </identifiers>
        <balance>17800</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>60692.92</valUSD>
        <pctVal>0.0019717467</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRIP.COM GRP. LTD</name>
        <lei>2549004RMYDSRQL4KW41</lei>
        <title>TRIP.COM GRP. LTD</title>
        <cusip>G9066F101</cusip>
        <identifiers>
          <isin value="KYG9066F1019"/>
          <ticker value="TRPCF"/>
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        <balance>141873</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>5634717.3</valUSD>
        <pctVal>0.1830565256</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IMEIK TECH. DEV. CO LTD</name>
        <lei>N/A</lei>
        <title>IMEIK TECH. DEV. CO LTD</title>
        <cusip>Y385KL109</cusip>
        <identifiers>
          <isin value="CNE100004868"/>
          <ticker value="300896"/>
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        <balance>4200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>53813.54</valUSD>
        <pctVal>0.0017482545</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FIBERHOME TELECOM. TECHS.</name>
        <lei>N/A</lei>
        <title>FIBERHOME TELECOM. TECHS.</title>
        <cusip>Y2482T102</cusip>
        <identifiers>
          <isin value="CNE0000018P2"/>
          <ticker value="600498"/>
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        <balance>21200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>231684.32</valUSD>
        <pctVal>0.0075267887</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HANGZHOU SILAN MICROELEC.</name>
        <lei>300300A6XLSTHVDNCV85</lei>
        <title>HANGZHOU SILAN MICROELEC.</title>
        <cusip>Y30432101</cusip>
        <identifiers>
          <isin value="CNE000001DN1"/>
          <ticker value="HGZHF"/>
        </identifiers>
        <balance>17200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>140774.93</valUSD>
        <pctVal>0.0045733917</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HUAXIA BANK CO LTD</name>
        <lei>300300AKNDEHIGVDZW37</lei>
        <title>HUAXIA BANK CO LTD</title>
        <cusip>Y37467118</cusip>
        <identifiers>
          <isin value="CNE000001FW7"/>
          <ticker value="HUAXF"/>
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        <balance>156390</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>147255.9</valUSD>
        <pctVal>0.0047839407</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SJI</name>
        <lei>655600QGA2EHH1HUDW82</lei>
        <title>SJI</title>
        <cusip>Y1584S103</cusip>
        <identifiers>
          <isin value="CNE0000012L4"/>
          <ticker value="000975"/>
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        <balance>38800</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>97193.35</valUSD>
        <pctVal>0.0031575456</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LB GROUP CO LT</name>
        <lei>3003006O3YJY5SGWGQ13</lei>
        <title>LB GROUP CO LT</title>
        <cusip>Y3122W109</cusip>
        <identifiers>
          <isin value="CNE1000015M3"/>
          <ticker value="002601"/>
        </identifiers>
        <balance>29400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>71547.81</valUSD>
        <pctVal>0.0023243923</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EVE ENERGY CO LTD</name>
        <lei>300300FTCIO530XV7T38</lei>
        <title>EVE ENERGY CO LTD</title>
        <cusip>Y2303F109</cusip>
        <identifiers>
          <isin value="CNE100000GS4"/>
          <ticker value="300014"/>
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        <balance>27496</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>264400.87</valUSD>
        <pctVal>0.0085896598</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NU HLDGS. LTD/CAYMAN ISLA</name>
        <lei>5493002DG1RHWK9W2X27</lei>
        <title>NU HLDGS. LTD/CAYMAN ISLA</title>
        <cusip>G6683N103</cusip>
        <identifiers>
          <isin value="KYG6683N1034"/>
          <ticker value="NU"/>
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        <balance>877140</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11718590.4</valUSD>
        <pctVal>0.3807048923</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>ELM CO</name>
        <lei>N/A</lei>
        <title>ELM CO</title>
        <cusip>M3046F102</cusip>
        <identifiers>
          <isin value="SA15GG53GHH3"/>
          <ticker value="7203"/>
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        <balance>5630</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>1035174.48</valUSD>
        <pctVal>0.0336299824</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA GREATWALL TECH. GRP</name>
        <lei>300300F9K0AHRKFBOK05</lei>
        <title>CHINA GREATWALL TECH. GRP</title>
        <cusip>Y14392107</cusip>
        <identifiers>
          <isin value="CNE000000RL7"/>
          <ticker value="000066"/>
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        <balance>51600</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
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        <pctVal>0.0047935845</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GIANT NETWORK GRP. CO LTD</name>
        <lei>N/A</lei>
        <title>GIANT NETWORK GRP. CO LTD</title>
        <cusip>Y1593Y109</cusip>
        <identifiers>
          <isin value="CNE1000010R3"/>
          <ticker value="002558"/>
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        <balance>24900</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>101556.3</valUSD>
        <pctVal>0.0032992859</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PEPKOR HLDGS. LTD</name>
        <lei>3789006D677C34F69875</lei>
        <title>PEPKOR HLDGS. LTD</title>
        <cusip>S60064102</cusip>
        <identifiers>
          <isin value="ZAE000259479"/>
          <ticker value="PPKRF"/>
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        <balance>934690</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.38"/>
        <valUSD>1259547.37</valUSD>
        <pctVal>0.0409192428</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>POLYCAB INDIA LTD</name>
        <lei>335800ZAL1L11ERZVW68</lei>
        <title>POLYCAB INDIA LTD</title>
        <cusip>Y6S83Q102</cusip>
        <identifiers>
          <isin value="INE455K01017"/>
          <ticker value="POLYCAB"/>
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        <balance>12214</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1288843.32</valUSD>
        <pctVal>0.0418709879</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ARAB NATL. BANK</name>
        <lei>213800CYWGYQVT1ZBQ57</lei>
        <title>ARAB NATL. BANK</title>
        <cusip>M1454X102</cusip>
        <identifiers>
          <isin value="SA0007879105"/>
          <ticker value="1080"/>
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        <balance>223288</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>1233138.12</valUSD>
        <pctVal>0.0400612786</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HUAYU AUTOMOTIVE SYS. CO</name>
        <lei>3003001J2BNVV78BOT83</lei>
        <title>HUAYU AUTOMOTIVE SYS. CO</title>
        <cusip>Y3750U102</cusip>
        <identifiers>
          <isin value="CNE000000M15"/>
          <ticker value="600741"/>
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        <balance>42200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>96477.36</valUSD>
        <pctVal>0.0031342851</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA MERCHANTS ENERGY SH</name>
        <lei>N/A</lei>
        <title>CHINA MERCHANTS ENERGY SH</title>
        <cusip>Y15039129</cusip>
        <identifiers>
          <isin value="CNE000001PQ8"/>
          <ticker value="CMEYF"/>
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        <balance>109700</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>284029.19</valUSD>
        <pctVal>0.0092273301</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AGRICULTURAL BANK OF CHIN</name>
        <lei>549300E7TSGLCOVSY746</lei>
        <title>AGRICULTURAL BANK OF CHIN</title>
        <cusip>Y00289101</cusip>
        <identifiers>
          <isin value="CNE100000RJ0"/>
          <ticker value="601288"/>
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        <balance>1232100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>1100672.58</valUSD>
        <pctVal>0.0357578362</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IEIT SYSTEMS CO LTD A CN</name>
        <lei>3003002K6ZLEBRGRI729</lei>
        <title>IEIT SYSTEMS CO LTD A CN</title>
        <cusip>Y51704107</cusip>
        <identifiers>
          <isin value="CNE0000012M2"/>
          <ticker value="000977"/>
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        <balance>17856</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>186613.02</valUSD>
        <pctVal>0.0060625457</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WUS PRINTED CIRCUIT KUNSH</name>
        <lei>N/A</lei>
        <title>WUS PRINTED CIRCUIT KUNSH</title>
        <cusip>Y9716K104</cusip>
        <identifiers>
          <isin value="CNE100000SP5"/>
          <ticker value="002463"/>
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        <balance>28180</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>640811.47</valUSD>
        <pctVal>0.0208182088</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HUNAN VALIN STEEL CO LTD</name>
        <lei>3003007J7HWD6GTNJ656</lei>
        <title>HUNAN VALIN STEEL CO LTD</title>
        <cusip>Y3767Q102</cusip>
        <identifiers>
          <isin value="CNE000001006"/>
          <ticker value="HNHSF"/>
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        <balance>101900</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>52257.08</valUSD>
        <pctVal>0.0016976893</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF HANGZHOU CO LTD</name>
        <lei>300300C1092033000075</lei>
        <title>BANK OF HANGZHOU CO LTD</title>
        <cusip>Y0R98A104</cusip>
        <identifiers>
          <isin value="CNE100002GQ4"/>
          <ticker value="600926"/>
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        <balance>124920</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>266018.99</valUSD>
        <pctVal>0.0086422281</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STONECO LTD</name>
        <lei>549300O1A9LEF0XZCR35</lei>
        <title>STONECO LTD</title>
        <cusip>G85158106</cusip>
        <identifiers>
          <isin value="KYG851581069"/>
          <ticker value="STNE"/>
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        <balance>40610</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>440212.4</valUSD>
        <pctVal>0.0143012947</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>
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      </invstOrSec>
      <invstOrSec>
        <name>ALIBABA GRP. HLDG. LTD</name>
        <lei>5493001NTNQJDH60PM02</lei>
        <title>ALIBABA GRP. HLDG. LTD</title>
        <cusip>G01719114</cusip>
        <identifiers>
          <isin value="KYG017191142"/>
          <ticker value="BABAF"/>
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        <balance>4031080</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>48158992.68</valUSD>
        <pctVal>1.5645537131</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TBEA CO LTD</name>
        <lei>N/A</lei>
        <title>TBEA CO LTD</title>
        <cusip>Y8550D101</cusip>
        <identifiers>
          <isin value="CNE000000RB8"/>
          <ticker value="600089"/>
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        <balance>68490</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>227830.01</valUSD>
        <pctVal>0.0074015728</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA EASTERN AIRLINES CO</name>
        <lei>3003000KIOQE39Q7Y685</lei>
        <title>CHINA EASTERN AIRLINES CO</title>
        <cusip>Y1407D101</cusip>
        <identifiers>
          <isin value="CNE000000TR0"/>
          <ticker value="600115"/>
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        <balance>277400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>157283.97</valUSD>
        <pctVal>0.0051097252</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SHANDONG NANSHAN ALUMINUM</name>
        <lei>836800YU5J3RT2VPUO65</lei>
        <title>SHANDONG NANSHAN ALUMINUM</title>
        <cusip>Y7680L108</cusip>
        <identifiers>
          <isin value="CNE000001139"/>
          <ticker value="SDNGF"/>
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        <balance>175400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>103419.9</valUSD>
        <pctVal>0.0033598292</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA UTD. NETWORK COMMS.</name>
        <lei>300300UTFDNZL9GJRR78</lei>
        <title>CHINA UTD. NETWORK COMMS.</title>
        <cusip>Y15075107</cusip>
        <identifiers>
          <isin value="CNE000001CS2"/>
          <ticker value="CIUCF"/>
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        <balance>436900</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>257861.53</valUSD>
        <pctVal>0.0083772146</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JCET GRP. CO LTD</name>
        <lei>30030032VVBWZTNDSQ81</lei>
        <title>JCET GRP. CO LTD</title>
        <cusip>Y4447T102</cusip>
        <identifiers>
          <isin value="CNE000001F05"/>
          <ticker value="600584"/>
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        <balance>21700</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>337351.3</valUSD>
        <pctVal>0.0109596194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TONGFU MICROELEC. CO LTD</name>
        <lei>655600LP4PHNNE8FAX71</lei>
        <title>TONGFU MICROELEC. CO LTD</title>
        <cusip>Y6199W100</cusip>
        <identifiers>
          <isin value="CNE1000006C3"/>
          <ticker value="002156"/>
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        <balance>22400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>255548.35</valUSD>
        <pctVal>0.0083020657</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ZHEJIANG CENTURY HUATONG</name>
        <lei>N/A</lei>
        <title>ZHEJIANG CENTURY HUATONG</title>
        <cusip>Y988BH109</cusip>
        <identifiers>
          <isin value="CNE1000015R2"/>
          <ticker value="002602"/>
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        <balance>116300</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>242855.99</valUSD>
        <pctVal>0.0078897257</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TONGLING NONFERROUS METAL</name>
        <lei>300300JWM4636VG5A986</lei>
        <title>TONGLING NONFERROUS METAL</title>
        <cusip>Y8883H118</cusip>
        <identifiers>
          <isin value="CNE000000529"/>
          <ticker value="AHUIF"/>
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        <balance>159700</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>150497.07</valUSD>
        <pctVal>0.0048892374</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HAISCO PHARM. GRP. CO LTD</name>
        <lei>300300GRLH34A8GPJ639</lei>
        <title>HAISCO PHARM. GRP. CO LTD</title>
        <cusip>Y9726U100</cusip>
        <identifiers>
          <isin value="CNE100001BC7"/>
          <ticker value="002653"/>
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        <balance>12400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>121420.78</valUSD>
        <pctVal>0.0039446284</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZHEJIANG HUAYOU COBALT CO</name>
        <lei>30030099QFLNMEGP7M05</lei>
        <title>ZHEJIANG HUAYOU COBALT CO</title>
        <cusip>Y9898D100</cusip>
        <identifiers>
          <isin value="CNE100001VW3"/>
          <ticker value="603799"/>
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        <balance>31615</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>226276.04</valUSD>
        <pctVal>0.0073510885</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MEITUAN USD0.00001 B CLAS</name>
        <lei>21380033K525E5JLIA77</lei>
        <title>MEITUAN USD0.00001 B CLAS</title>
        <cusip>G59669104</cusip>
        <identifiers>
          <isin value="KYG596691041"/>
          <ticker value="MPNGF"/>
        </identifiers>
        <balance>1212818</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>10696636.38</valUSD>
        <pctVal>0.3475044064</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SANGFOR TECHS. INC</name>
        <lei>N/A</lei>
        <title>SANGFOR TECHS. INC</title>
        <cusip>Y7496N108</cusip>
        <identifiers>
          <isin value="CNE1000033T1"/>
          <ticker value="300454"/>
        </identifiers>
        <balance>6500</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>93407.31</valUSD>
        <pctVal>0.0030345476</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA FEIHE LTD</name>
        <lei>N/A</lei>
        <title>CHINA FEIHE LTD</title>
        <cusip>G2121Q105</cusip>
        <identifiers>
          <isin value="KYG2121Q1055"/>
          <ticker value="CHFLF"/>
        </identifiers>
        <balance>576000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>205963</valUSD>
        <pctVal>0.0066911735</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHENZHEN INOVANCE TECH. C</name>
        <lei>N/A</lei>
        <title>SHENZHEN INOVANCE TECH. C</title>
        <cusip>Y7744Z101</cusip>
        <identifiers>
          <isin value="CNE100000V46"/>
          <ticker value="300124"/>
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        <balance>18900</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>185600.87</valUSD>
        <pctVal>0.0060296637</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BHARAT ELECTNCS. LTD</name>
        <lei>335800HS8AOTM9W1F335</lei>
        <title>BHARAT ELECTNCS. LTD</title>
        <cusip>Y0881Q141</cusip>
        <identifiers>
          <isin value="INE263A01024"/>
          <ticker value="BEL"/>
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        <balance>823739</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>3590534.36</valUSD>
        <pctVal>0.1166466230</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BSE LTD</name>
        <lei>335800UOTLCPTZQVDA19</lei>
        <title>BSE LTD</title>
        <cusip>Y0R9BJ101</cusip>
        <identifiers>
          <isin value="INE118H01025"/>
          <ticker value="BSE"/>
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        <balance>47520</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1958612.63</valUSD>
        <pctVal>0.0636299576</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JSW STEEL LTD</name>
        <lei>335800EK6HZSC4CVAJ09</lei>
        <title>JSW STEEL LTD</title>
        <cusip>Y44680158</cusip>
        <identifiers>
          <isin value="INE019A01038"/>
          <ticker value="JSWSTEEL"/>
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        <balance>143944</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1876411.59</valUSD>
        <pctVal>0.0609594711</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AVENUE SUPERMARTS LTD</name>
        <lei>335800B2ZPJKOU2ZM776</lei>
        <title>AVENUE SUPERMARTS LTD</title>
        <cusip>Y04895101</cusip>
        <identifiers>
          <isin value="INE192R01011"/>
          <ticker value="DMART"/>
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        <balance>35508</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1651900.58</valUSD>
        <pctVal>0.0536657235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RUMO SA</name>
        <lei>254900TXQFP7CJCGYM66</lei>
        <title>RUMO SA</title>
        <cusip>P8S114104</cusip>
        <identifiers>
          <isin value="BRRAILACNOR9"/>
          <ticker value="RUMOF"/>
        </identifiers>
        <balance>275394</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>714851.83</valUSD>
        <pctVal>0.0232235772</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>HD HYUNDAI CO LTD KRW1000</name>
        <lei>N/A</lei>
        <title>HD HYUNDAI CO LTD KRW1000</title>
        <cusip>Y3R3C9109</cusip>
        <identifiers>
          <isin value="KR7267250009"/>
          <ticker value="HYYYF"/>
        </identifiers>
        <balance>10354</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>1337896.54</valUSD>
        <pctVal>0.0434645927</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAIC MOTOR CORPORATION LI</name>
        <lei>30030001QBC7EXJJGT71</lei>
        <title>SAIC MOTOR CORPORATION LI</title>
        <cusip>Y7443N102</cusip>
        <identifiers>
          <isin value="CNE000000TY6"/>
          <ticker value="600104"/>
        </identifiers>
        <balance>87693</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>126330.19</valUSD>
        <pctVal>0.0041041217</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIC SECS. CO LTD</name>
        <lei>300300E1006744000068</lei>
        <title>CITIC SECS. CO LTD</title>
        <cusip>Y1639N109</cusip>
        <identifiers>
          <isin value="CNE000001DB6"/>
          <ticker value="CIISF"/>
        </identifiers>
        <balance>166045</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>702998.29</valUSD>
        <pctVal>0.0228384882</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IFLYTEK CO LTD</name>
        <lei>3003000T23C63KVWOH32</lei>
        <title>IFLYTEK CO LTD</title>
        <cusip>Y013A6101</cusip>
        <identifiers>
          <isin value="CNE100000B81"/>
          <ticker value="002230"/>
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        <balance>37000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>223544.7</valUSD>
        <pctVal>0.0072623548</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GREE ELEC. APPLIANCES OF</name>
        <lei>655600UY069MU9JRAN62</lei>
        <title>GREE ELEC. APPLIANCES OF</title>
        <cusip>Y2882R102</cusip>
        <identifiers>
          <isin value="CNE0000001D4"/>
          <ticker value="ZHUHF"/>
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        <balance>38800</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>214619.04</valUSD>
        <pctVal>0.0069723845</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GUOTAI HAITONG SECURITIES</name>
        <lei>300300E1005431000017</lei>
        <title>GUOTAI HAITONG SECURITIES</title>
        <cusip>Y2R614115</cusip>
        <identifiers>
          <isin value="CNE100002FK9"/>
          <ticker value="GUOSF"/>
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        <balance>547348</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>1039046.82</valUSD>
        <pctVal>0.0337557841</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>ADITYA BIRLA CAP. LTD</name>
        <lei>5299009K0PUXVSIRL787</lei>
        <title>ADITYA BIRLA CAP. LTD</title>
        <cusip>Y0R14D109</cusip>
        <identifiers>
          <isin value="INE674K01013"/>
          <ticker value="ABCAPITAL"/>
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        <balance>176698</balance>
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        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>TUBE INVS. OF INDIA LTD</name>
        <lei>335800Z8CKZ11SGVKE64</lei>
        <title>TUBE INVS. OF INDIA LTD</title>
        <cusip>Y8999Z101</cusip>
        <identifiers>
          <isin value="INE974X01010"/>
          <ticker value="TIINDIA"/>
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        <balance>25068</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>809577.91</valUSD>
        <pctVal>0.0263009680</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INTERGLOBE AVIATION LTD</name>
        <lei>33580079R8SLLO23XD19</lei>
        <title>INTERGLOBE AVIATION LTD</title>
        <cusip>Y4R97L111</cusip>
        <identifiers>
          <isin value="INE646L01027"/>
          <ticker value="INDIGO"/>
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        <balance>46729</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>2687825.36</valUSD>
        <pctVal>0.0873200811</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MIDEA GRP. CO LTD</name>
        <lei>3003003TRPHLHZD2IF61</lei>
        <title>MIDEA GRP. CO LTD</title>
        <cusip>Y6S40V103</cusip>
        <identifiers>
          <isin value="CNE100001QQ5"/>
          <ticker value="000333"/>
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        <balance>54300</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>604128.42</valUSD>
        <pctVal>0.0196264770</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANCO BTG PACTUAL SA</name>
        <lei>ZXLTQRYIK6IJH3R0IK66</lei>
        <title>BANCO BTG PACTUAL SA</title>
        <cusip>P1R8ZJ253</cusip>
        <identifiers>
          <isin value="BRBPACUNT006"/>
          <ticker value="BPAC11"/>
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        <balance>286900</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>3020555.76</valUSD>
        <pctVal>0.0981295801</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DINO POLSKA SA PLN0.01</name>
        <lei>259400H4L81SMPRTW956</lei>
        <title>DINO POLSKA SA PLN0.01</title>
        <cusip>X188AF102</cusip>
        <identifiers>
          <isin value="PLDINPL00011"/>
          <ticker value="DNOPF"/>
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        <balance>118202</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.7618"/>
        <valUSD>893495.07</valUSD>
        <pctVal>0.0290272066</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>XINGYU CO. LTD</name>
        <lei>N/A</lei>
        <title>XINGYU CO. LTD</title>
        <cusip>Y1297L106</cusip>
        <identifiers>
          <isin value="CNE1000011H2"/>
          <ticker value="601799"/>
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        <balance>4000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
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        <pctVal>0.0017395232</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>YADEA GRP. HLDGS. LTD</name>
        <lei>N/A</lei>
        <title>YADEA GRP. HLDGS. LTD</title>
        <cusip>G9830F106</cusip>
        <identifiers>
          <isin value="KYG9830F1063"/>
          <ticker value="YADGF"/>
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        <balance>324000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>368037.73</valUSD>
        <pctVal>0.0119565374</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>POSTAL SAVINGS BANK OF CH</name>
        <lei>300300C1040311005298</lei>
        <title>POSTAL SAVINGS BANK OF CH</title>
        <cusip>Y6987V108</cusip>
        <identifiers>
          <isin value="CNE1000029W3"/>
          <ticker value="PSBKF"/>
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        <balance>2122000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>1238866.81</valUSD>
        <pctVal>0.0402473881</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HD HYUNDAI ELECTRIC CO LT</name>
        <lei>988400CSDKM9UHLHGB91</lei>
        <title>HD HYUNDAI ELECTRIC CO LT</title>
        <cusip>Y3R1DD103</cusip>
        <identifiers>
          <isin value="KR7267260008"/>
          <ticker value="A267260"/>
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        <balance>5664</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>3590582.82</valUSD>
        <pctVal>0.1166481974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAUDI ENERGY COMPANY</name>
        <lei>549300FXO4ZXUIAXGP41</lei>
        <title>SAUDI ENERGY COMPANY</title>
        <cusip>M8T51J104</cusip>
        <identifiers>
          <isin value="SA0007879550"/>
          <ticker value="5110"/>
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        <balance>184186</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>872859.44</valUSD>
        <pctVal>0.0283568115</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA SHENHUA ENERGY CO L</name>
        <lei>529900N9JOX4C108MA40</lei>
        <title>CHINA SHENHUA ENERGY CO L</title>
        <cusip>Y1504C121</cusip>
        <identifiers>
          <isin value="CNE100000767"/>
          <ticker value="601088"/>
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        <balance>89300</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>511842.42</valUSD>
        <pctVal>0.0166283577</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FUYAO GLASS IND. GRP. CO</name>
        <lei>549300AS5CSLWETN0P64</lei>
        <title>FUYAO GLASS IND. GRP. CO</title>
        <cusip>Y26783103</cusip>
        <identifiers>
          <isin value="CNE000000230"/>
          <ticker value="600660"/>
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        <balance>33692</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>251043.42</valUSD>
        <pctVal>0.0081557128</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LTM LIMITED</name>
        <lei>335800DY1I1WFHVV6T22</lei>
        <title>LTM LIMITED</title>
        <cusip>Y5S745101</cusip>
        <identifiers>
          <isin value="INE214T01019"/>
          <ticker value="LTM"/>
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        <balance>13593</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>510761.32</valUSD>
        <pctVal>0.0165932358</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MOL HUNGARIAN OIL &amp; GAS P</name>
        <lei>213800R83KX5FQFGXS67</lei>
        <title>MOL HUNGARIAN OIL &amp; GAS P</title>
        <cusip>X5S32S129</cusip>
        <identifiers>
          <isin value="HU0000153937"/>
          <ticker value="MOLFF"/>
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        <balance>87707</balance>
        <units>NS</units>
        <currencyConditional curCd="HUF" exchangeRt="311.3513"/>
        <valUSD>1042100.79</valUSD>
        <pctVal>0.0338549992</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SBI LIFE INS. CO LTD</name>
        <lei>335800WMVIESQUO95586</lei>
        <title>SBI LIFE INS. CO LTD</title>
        <cusip>Y753N0101</cusip>
        <identifiers>
          <isin value="INE123W01016"/>
          <ticker value="SBILIFE"/>
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        <balance>109129</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>2045077.73</valUSD>
        <pctVal>0.0664389718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ALCHIP TECHS. LTD</name>
        <lei>529900HKE9RIY07SLX84</lei>
        <title>ALCHIP TECHS. LTD</title>
        <cusip>G02242108</cusip>
        <identifiers>
          <isin value="KYG022421088"/>
          <ticker value="ALCPF"/>
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        <balance>18644</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>2501133.56</valUSD>
        <pctVal>0.0812549761</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GEM CO LTD</name>
        <lei>300300FYIZ7FGM2QRC06</lei>
        <title>GEM CO LTD</title>
        <cusip>Y7744C102</cusip>
        <identifiers>
          <isin value="CNE100000KT4"/>
          <ticker value="002340"/>
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        <balance>61100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>59757.72</valUSD>
        <pctVal>0.0019413646</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SICHUAN CHANGHONG ELEC. C</name>
        <lei>300300WM1QVA4ET9HJ12</lei>
        <title>SICHUAN CHANGHONG ELEC. C</title>
        <cusip>Y7931Y107</cusip>
        <identifiers>
          <isin value="CNE000000GJ4"/>
          <ticker value="600839"/>
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        <balance>91100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>94058.38</valUSD>
        <pctVal>0.0030556990</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHINA RAILWAY GRP. LTD</name>
        <lei>529900TFRLG8UDJ7QA89</lei>
        <title>CHINA RAILWAY GRP. LTD</title>
        <cusip>Y1509D108</cusip>
        <identifiers>
          <isin value="CNE100000866"/>
          <ticker value="601390"/>
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        <balance>257500</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>158734.94</valUSD>
        <pctVal>0.0051568633</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SAILUN GRP. CO LTD</name>
        <lei>300300GF13IPLVWINQ61</lei>
        <title>SAILUN GRP. CO LTD</title>
        <cusip>Y74184105</cusip>
        <identifiers>
          <isin value="CNE1000015F7"/>
          <ticker value="601058"/>
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        <balance>48300</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ICICI PRUDENTIAL LIFE INS</name>
        <lei>2138006W2MGOSH69C607</lei>
        <title>ICICI PRUDENTIAL LIFE INS</title>
        <cusip>Y3R595106</cusip>
        <identifiers>
          <isin value="INE726G01019"/>
          <ticker value="ICICIPRULI"/>
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        <balance>81811</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
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        <pctVal>0.0137422422</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHAOZHOU THREE-CIRCLE GRP</name>
        <lei>655600NIG229WUTGM382</lei>
        <title>CHAOZHOU THREE-CIRCLE GRP</title>
        <cusip>Y1R99A101</cusip>
        <identifiers>
          <isin value="CNE100001Y42"/>
          <ticker value="300408"/>
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        <balance>27200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>676997.33</valUSD>
        <pctVal>0.0219937882</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>GUANGZHOU TINCI MATERIALS</name>
        <lei>836800Y28XV3QK34CB65</lei>
        <title>GUANGZHOU TINCI MATERIALS</title>
        <cusip>Y2R33P105</cusip>
        <identifiers>
          <isin value="CNE100001RG4"/>
          <ticker value="002709"/>
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        <balance>27780</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SUNGROW POWER SUPPLY CNY</name>
        <lei>30030052IWC7RGVFG505</lei>
        <title>SUNGROW POWER SUPPLY CNY</title>
        <cusip>Y8211M102</cusip>
        <identifiers>
          <isin value="CNE1000018M7"/>
          <ticker value="300274"/>
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        <balance>28000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
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        <pctVal>0.0213173645</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>BLUEFOCUS INTELLIGENT COM</name>
        <lei>300300S2I2XIZT3E2Y55</lei>
        <title>BLUEFOCUS INTELLIGENT COM</title>
        <cusip>Y091AZ103</cusip>
        <identifiers>
          <isin value="CNE100000LV8"/>
          <ticker value="300058"/>
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        <balance>55400</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
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        <pctVal>0.0036715399</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEBIUS GROUP N V</name>
        <lei>549300GGZHJ5Q1B18P93</lei>
        <title>NEBIUS GROUP N V</title>
        <cusip>N97284108</cusip>
        <identifiers>
          <isin value="NL0009805522"/>
          <ticker value="NBIS"/>
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        <balance>83223</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="78.700000"/>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ASE TECH. HLDG. CO LTD</name>
        <lei>300300GO8QHPMV87NZ73</lei>
        <title>ASE TECH. HLDG. CO LTD</title>
        <cusip>Y0249T100</cusip>
        <identifiers>
          <isin value="TW0003711008"/>
          <ticker value="3711"/>
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        <balance>803055</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>17341627.94</valUSD>
        <pctVal>0.5633819745</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>360 SEC. TECH. INC</name>
        <lei>N/A</lei>
        <title>360 SEC. TECH. INC</title>
        <cusip>Y444T7106</cusip>
        <identifiers>
          <isin value="CNE100002RZ2"/>
          <ticker value="601360"/>
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        <balance>89800</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>116100.9</valUSD>
        <pctVal>0.0037718001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CAITONG SECS. CO LTD</name>
        <lei>300300E1006233000091</lei>
        <title>CAITONG SECS. CO LTD</title>
        <cusip>Y1072S102</cusip>
        <identifiers>
          <isin value="CNE100002V44"/>
          <ticker value="601108"/>
        </identifiers>
        <balance>58910</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>75314.28</valUSD>
        <pctVal>0.0024467546</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WUXI APPTEC CO LTD</name>
        <lei>254900OEPQLZSPLN9175</lei>
        <title>WUXI APPTEC CO LTD</title>
        <cusip>Y971B1118</cusip>
        <identifiers>
          <isin value="CNE100003F19"/>
          <ticker value="WUXIF"/>
        </identifiers>
        <balance>100611</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>1978290.6</valUSD>
        <pctVal>0.0642692409</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA GREAT WALL SECS. CO</name>
        <lei>300300E1006344000004</lei>
        <title>CHINA GREAT WALL SECS. CO</title>
        <cusip>Y14394103</cusip>
        <identifiers>
          <isin value="CNE100003GD0"/>
          <ticker value="002939"/>
        </identifiers>
        <balance>59100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>72845</valUSD>
        <pctVal>0.0023665344</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POSTAL SAVINGS BANK OF CH</name>
        <lei>300300C1040311005298</lei>
        <title>POSTAL SAVINGS BANK OF CH</title>
        <cusip>Y6988Z108</cusip>
        <identifiers>
          <isin value="CNE100003PZ4"/>
          <ticker value="601658"/>
        </identifiers>
        <balance>438300</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>318406.97</valUSD>
        <pctVal>0.0103441700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAXSCEND MICROELEC. CO LT</name>
        <lei>N/A</lei>
        <title>MAXSCEND MICROELEC. CO LT</title>
        <cusip>Y5840E105</cusip>
        <identifiers>
          <isin value="CNE100003QK4"/>
          <ticker value="300782"/>
        </identifiers>
        <balance>6780</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>110202.53</valUSD>
        <pctVal>0.0035801782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SBI CARDS &amp; PAYMENT SERVS</name>
        <lei>335800HN4Y9OTCFH4236</lei>
        <title>SBI CARDS &amp; PAYMENT SERVS</title>
        <cusip>Y7T35P100</cusip>
        <identifiers>
          <isin value="INE018E01016"/>
          <ticker value="SBICARD"/>
        </identifiers>
        <balance>42249</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>265852.73</valUSD>
        <pctVal>0.0086368267</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DR SULAIMAN AL HABIB MEDI</name>
        <lei>N/A</lei>
        <title>DR SULAIMAN AL HABIB MEDI</title>
        <cusip>M28438105</cusip>
        <identifiers>
          <isin value="SA1510P1UMH1"/>
          <ticker value="4013"/>
        </identifiers>
        <balance>20454</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>1154845.14</valUSD>
        <pctVal>0.0375177542</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JD.COM INC</name>
        <lei>549300HVTWB0GJZ16V92</lei>
        <title>JD.COM INC</title>
        <cusip>G8208B101</cusip>
        <identifiers>
          <isin value="KYG8208B1014"/>
          <ticker value="JDCMF"/>
        </identifiers>
        <balance>545816</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>6945686.5</valUSD>
        <pctVal>0.2256463227</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GUOLIAN MINSHENG SECURIT</name>
        <lei>529900KPCMJWM8DFU805</lei>
        <title>GUOLIAN MINSHENG SECURIT</title>
        <cusip>Y2960K110</cusip>
        <identifiers>
          <isin value="CNE1000041D8"/>
          <ticker value="601456"/>
        </identifiers>
        <balance>87500</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>114192.19</valUSD>
        <pctVal>0.0037097914</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA RES. MIXC LIFESTYLE</name>
        <lei>N/A</lei>
        <title>CHINA RES. MIXC LIFESTYLE</title>
        <cusip>G2122G106</cusip>
        <identifiers>
          <isin value="KYG2122G1064"/>
          <ticker value="CXRMF"/>
        </identifiers>
        <balance>178800</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>838848.66</valUSD>
        <pctVal>0.0272518945</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSPC INNOVATION PHARM. CO</name>
        <lei>655600RUP8SX5H46N648</lei>
        <title>CSPC INNOVATION PHARM. CO</title>
        <cusip>Y1825N103</cusip>
        <identifiers>
          <isin value="CNE100003K04"/>
          <ticker value="300765"/>
        </identifiers>
        <balance>15120</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>60786.75</valUSD>
        <pctVal>0.0019747949</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZHEJIANG LEAPMOTOR TECH.</name>
        <lei>N/A</lei>
        <title>ZHEJIANG LEAPMOTOR TECH.</title>
        <cusip>Y989TP100</cusip>
        <identifiers>
          <isin value="CNE100005K77"/>
          <ticker value="ZJLMF"/>
        </identifiers>
        <balance>121200</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>534474.77</valUSD>
        <pctVal>0.0173636208</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHANGHAI UTD. IMAGING HEA</name>
        <lei>300300YFLW1ZZPRAZ467</lei>
        <title>SHANGHAI UTD. IMAGING HEA</title>
        <cusip>Y7693L103</cusip>
        <identifiers>
          <isin value="CNE100005PN5"/>
          <ticker value="688271"/>
        </identifiers>
        <balance>10770</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>161022.82</valUSD>
        <pctVal>0.0052311902</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEXCHIP SEMICON. CORP</name>
        <lei>N/A</lei>
        <title>NEXCHIP SEMICON. CORP</title>
        <cusip>Y63068103</cusip>
        <identifiers>
          <isin value="CNE1000060L1"/>
          <ticker value="688249"/>
        </identifiers>
        <balance>24199</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>214061.42</valUSD>
        <pctVal>0.0069542690</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CONTEMPORARY AMPEREX TECH</name>
        <lei>300300KINDY1K0E9I032</lei>
        <title>CONTEMPORARY AMPEREX TECH</title>
        <cusip>Y1R48E113</cusip>
        <identifiers>
          <isin value="CNE100006WS8"/>
          <ticker value="CTATF"/>
        </identifiers>
        <balance>41900</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>3771361.58</valUSD>
        <pctVal>0.1225212039</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAUDI ARABIAN MINING CO</name>
        <lei>254900R4HAVLB4GY9713</lei>
        <title>SAUDI ARABIAN MINING CO</title>
        <cusip>M8236Q107</cusip>
        <identifiers>
          <isin value="SA123GA0ITH7"/>
          <ticker value="1211"/>
        </identifiers>
        <balance>283843</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>4472522.95</valUSD>
        <pctVal>0.1453000156</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA JUSHI CO LTD</name>
        <lei>300300JZBQ0FKI1TDH04</lei>
        <title>CHINA JUSHI CO LTD</title>
        <cusip>Y5642X103</cusip>
        <identifiers>
          <isin value="CNE000000YM1"/>
          <ticker value="600176"/>
        </identifiers>
        <balance>52822</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>572730.92</valUSD>
        <pctVal>0.0186064583</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WANHUA CHEM. GRP. CO LTD</name>
        <lei>3003002H0G2KDG6CR124</lei>
        <title>WANHUA CHEM. GRP. CO LTD</title>
        <cusip>Y9520G109</cusip>
        <identifiers>
          <isin value="CNE0000016J9"/>
          <ticker value="YWNHF"/>
        </identifiers>
        <balance>49500</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>499106.47</valUSD>
        <pctVal>0.0162146016</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHANXI LU AN ENVIRON. ENE</name>
        <lei>N/A</lei>
        <title>SHANXI LU AN ENVIRON. ENE</title>
        <cusip>Y7699U107</cusip>
        <identifiers>
          <isin value="CNE000001NT7"/>
          <ticker value="601699"/>
        </identifiers>
        <balance>36200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>75859.79</valUSD>
        <pctVal>0.0024644767</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FOUNDER SECS. CO LTD</name>
        <lei>300300DSN6TINPUMGY45</lei>
        <title>FOUNDER SECS. CO LTD</title>
        <cusip>Y261GX101</cusip>
        <identifiers>
          <isin value="CNE1000015Y8"/>
          <ticker value="601901"/>
        </identifiers>
        <balance>131800</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>140145.79</valUSD>
        <pctVal>0.0045529527</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WENS FOODSTUFFS GRP. CO L</name>
        <lei>3003005O7DXT61IXLJ96</lei>
        <title>WENS FOODSTUFFS GRP. CO L</title>
        <cusip>Y2R30P108</cusip>
        <identifiers>
          <isin value="CNE100002508"/>
          <ticker value="300498"/>
        </identifiers>
        <balance>58100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>105515.23</valUSD>
        <pctVal>0.0034279007</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW HOPE LIUHE CO LTD</name>
        <lei>300300F28XODWP5GJF78</lei>
        <title>NEW HOPE LIUHE CO LTD</title>
        <cusip>Y7933V101</cusip>
        <identifiers>
          <isin value="CNE000000VB0"/>
          <ticker value="000876"/>
        </identifiers>
        <balance>63200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>58473.44</valUSD>
        <pctVal>0.0018996418</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KUNLUN TECH CO LTD</name>
        <lei>300300AMV45UQEH2Z513</lei>
        <title>KUNLUN TECH CO LTD</title>
        <cusip>Y0R7Z5109</cusip>
        <identifiers>
          <isin value="CNE100001YF2"/>
          <ticker value="300418"/>
        </identifiers>
        <balance>13900</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>83376.07</valUSD>
        <pctVal>0.0027086601</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZHEJIANG JINGSHENG MECHAN</name>
        <lei>N/A</lei>
        <title>ZHEJIANG JINGSHENG MECHAN</title>
        <cusip>Y9803K108</cusip>
        <identifiers>
          <isin value="CNE100001DJ8"/>
          <ticker value="300316"/>
        </identifiers>
        <balance>17200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>154134.98</valUSD>
        <pctVal>0.0050074232</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA TUNGSTEN AND HIGHTE</name>
        <lei>300300F6U0BRZBO9OS65</lei>
        <title>CHINA TUNGSTEN AND HIGHTE</title>
        <cusip>Y2982R101</cusip>
        <identifiers>
          <isin value="CNE0000006M4"/>
          <ticker value="000657"/>
        </identifiers>
        <balance>34400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>488370.96</valUSD>
        <pctVal>0.0158658343</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ABU DHABI NATIONAL OIL CO</name>
        <lei>213800YI1ZIOJB3HLB11</lei>
        <title>ABU DHABI NATIONAL OIL CO</title>
        <cusip>M0153H103</cusip>
        <identifiers>
          <isin value="AEA006101017"/>
          <ticker value="ADNOCDIST"/>
        </identifiers>
        <balance>633978</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.6728"/>
        <valUSD>677652.42</valUSD>
        <pctVal>0.0220150703</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK OF CHENGDU CO LTD</name>
        <lei>30030030JPOKGL9K5418</lei>
        <title>BANK OF CHENGDU CO LTD</title>
        <cusip>Y0R95C103</cusip>
        <identifiers>
          <isin value="CNE100002SN6"/>
          <ticker value="601838"/>
        </identifiers>
        <balance>57700</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>150508.8</valUSD>
        <pctVal>0.0048896185</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SF HLDG. CO LTD</name>
        <lei>N/A</lei>
        <title>SF HLDG. CO LTD</title>
        <cusip>Y7T80Y105</cusip>
        <identifiers>
          <isin value="CNE100000L63"/>
          <ticker value="002352"/>
        </identifiers>
        <balance>67800</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>312894.09</valUSD>
        <pctVal>0.0101650716</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALTEOGEN INC KRW500 19617</name>
        <lei>N/A</lei>
        <title>ALTEOGEN INC KRW500 19617</title>
        <cusip>Y0R93X109</cusip>
        <identifiers>
          <isin value="KR7196170005"/>
          <ticker value="A196170"/>
        </identifiers>
        <balance>9617</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>2252902.53</valUSD>
        <pctVal>0.0731906301</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REDE D OR SAO LUIZ SA</name>
        <lei>N/A</lei>
        <title>REDE D OR SAO LUIZ SA</title>
        <cusip>P79942101</cusip>
        <identifiers>
          <isin value="BRRDORACNOR8"/>
          <ticker value="RDOR3"/>
        </identifiers>
        <balance>158700</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>1066443.83</valUSD>
        <pctVal>0.0346458379</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>AKESO INC</name>
        <lei>254900ECWYGR3QW5GF30</lei>
        <title>AKESO INC</title>
        <cusip>G0146B103</cusip>
        <identifiers>
          <isin value="KYG0146B1032"/>
          <ticker value="AKESF"/>
        </identifiers>
        <balance>151000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>1702310.49</valUSD>
        <pctVal>0.0553034034</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HYBE CO LTD</name>
        <lei>988400NYDQI538IJ3K23</lei>
        <title>HYBE CO LTD</title>
        <cusip>Y0S0UG104</cusip>
        <identifiers>
          <isin value="KR7352820005"/>
          <ticker value="A352820"/>
        </identifiers>
        <balance>5799</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>725172.83</valUSD>
        <pctVal>0.0235588782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JD HEALTH INTL. INC</name>
        <lei>254900OM3MAXYK8PCC84</lei>
        <title>JD HEALTH INTL. INC</title>
        <cusip>G5074A100</cusip>
        <identifiers>
          <isin value="KYG5074A1004"/>
          <ticker value="JDHIF"/>
        </identifiers>
        <balance>240550</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>1012860.19</valUSD>
        <pctVal>0.0329050523</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KUAISHOU TECHNOLOGY</name>
        <lei>300300FCDZBE6UP9ED24</lei>
        <title>KUAISHOU TECHNOLOGY</title>
        <cusip>G53263102</cusip>
        <identifiers>
          <isin value="KYG532631028"/>
          <ticker value="KUASF"/>
        </identifiers>
        <balance>615200</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>3287189.66</valUSD>
        <pctVal>0.1067917849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MIDEA GRP. CO LTD</name>
        <lei>3003003TRPHLHZD2IF61</lei>
        <title>MIDEA GRP. CO LTD</title>
        <cusip>Y6S40V111</cusip>
        <identifiers>
          <isin value="CNE100006M58"/>
          <ticker value="MGCOF"/>
        </identifiers>
        <balance>111800</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>1180486.2</valUSD>
        <pctVal>0.0383507620</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HAINAN AIRLINES HLDG. CO</name>
        <lei>3003001VZDGYFHX8A697</lei>
        <title>HAINAN AIRLINES HLDG. CO</title>
        <cusip>Y2981E119</cusip>
        <identifiers>
          <isin value="CNE0000011C5"/>
          <ticker value="600221"/>
        </identifiers>
        <balance>575800</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>115235.56</valUSD>
        <pctVal>0.0037436876</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRENT LTD</name>
        <lei>335800IYA8EHI7MW7G59</lei>
        <title>TRENT LTD</title>
        <cusip>Y8969R105</cusip>
        <identifiers>
          <isin value="INE849A01020"/>
          <ticker value="TRENT"/>
        </identifiers>
        <balance>65161</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>2280420.13</valUSD>
        <pctVal>0.0740846015</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WULIANGYE YIBIN CO LTD</name>
        <lei>N/A</lei>
        <title>WULIANGYE YIBIN CO LTD</title>
        <cusip>Y9718N106</cusip>
        <identifiers>
          <isin value="CNE000000VQ8"/>
          <ticker value="000858"/>
        </identifiers>
        <balance>54000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>588725.98</valUSD>
        <pctVal>0.0191260939</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUAGONG TECH CO LTD</name>
        <lei>300300PJC3VZEBWN8591</lei>
        <title>HUAGONG TECH CO LTD</title>
        <cusip>Y3740C105</cusip>
        <identifiers>
          <isin value="CNE000001303"/>
          <ticker value="000988"/>
        </identifiers>
        <balance>16000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>442478.07</valUSD>
        <pctVal>0.0143749001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HANGZHOU TIGERMED CONSULT</name>
        <lei>300300CP4N8WDF6DOO67</lei>
        <title>HANGZHOU TIGERMED CONSULT</title>
        <cusip>Y3043G100</cusip>
        <identifiers>
          <isin value="CNE100001KV8"/>
          <ticker value="300347"/>
        </identifiers>
        <balance>6500</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>46097.96</valUSD>
        <pctVal>0.0014975964</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHANGHAI 2345 NETWORK HLD</name>
        <lei>N/A</lei>
        <title>SHANGHAI 2345 NETWORK HLD</title>
        <cusip>Y7683P106</cusip>
        <identifiers>
          <isin value="CNE1000008K2"/>
          <ticker value="002195"/>
        </identifiers>
        <balance>89000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>86230.3</valUSD>
        <pctVal>0.0028013862</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AIER EYE HOSPITAL GRP. CO</name>
        <lei>N/A</lei>
        <title>AIER EYE HOSPITAL GRP. CO</title>
        <cusip>Y0029J108</cusip>
        <identifiers>
          <isin value="CNE100000GR6"/>
          <ticker value="300015"/>
        </identifiers>
        <balance>124676</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>151580.67</valUSD>
        <pctVal>0.0049244406</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EAST MONEY INFO. CO LTD</name>
        <lei>836800ZFB0ZEK3KKW487</lei>
        <title>EAST MONEY INFO. CO LTD</title>
        <cusip>Y2234B102</cusip>
        <identifiers>
          <isin value="CNE100000MD4"/>
          <ticker value="300059"/>
        </identifiers>
        <balance>238724</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>719177.57</valUSD>
        <pctVal>0.0233641087</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YONGHUI SUPERSTORES CO LT</name>
        <lei>300300KBS8U07A3B5A45</lei>
        <title>YONGHUI SUPERSTORES CO LT</title>
        <cusip>Y9841N106</cusip>
        <identifiers>
          <isin value="CNE100000XX9"/>
          <ticker value="601933"/>
        </identifiers>
        <balance>154400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>64701.2</valUSD>
        <pctVal>0.0021019647</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YES BANK LTD</name>
        <lei>335800X6WKDDXJUSFZ86</lei>
        <title>YES BANK LTD</title>
        <cusip>Y97636149</cusip>
        <identifiers>
          <isin value="INE528G01035"/>
          <ticker value="YESBANK"/>
        </identifiers>
        <balance>3653849</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>936672.43</valUSD>
        <pctVal>0.0304299207</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EICHER MOTORS LTD</name>
        <lei>25490059S64CN2OY7239</lei>
        <title>EICHER MOTORS LTD</title>
        <cusip>Y2251M148</cusip>
        <identifiers>
          <isin value="INE066A01021"/>
          <ticker value="EICHERMOT"/>
        </identifiers>
        <balance>32205</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>2418844.21</valUSD>
        <pctVal>0.0785816206</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MINISO GRP. HLDG. LTD</name>
        <lei>2549006PIKT2YKNBL092</lei>
        <title>MINISO GRP. HLDG. LTD</title>
        <cusip>G6180F108</cusip>
        <identifiers>
          <isin value="KYG6180F1081"/>
          <ticker value="MSOGF"/>
        </identifiers>
        <balance>92436</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>277821.01</valUSD>
        <pctVal>0.0090256434</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="158161.100000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>APT MEDICAL INC</name>
        <lei>N/A</lei>
        <title>APT MEDICAL INC</title>
        <cusip>Y014A5101</cusip>
        <identifiers>
          <isin value="CNE100004C45"/>
          <ticker value="688617"/>
        </identifiers>
        <balance>2900</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>77693.21</valUSD>
        <pctVal>0.0025240395</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SICHUAN BIOKIN PHARMACEUT</name>
        <lei>N/A</lei>
        <title>SICHUAN BIOKIN PHARMACEUT</title>
        <cusip>Y793JU106</cusip>
        <identifiers>
          <isin value="CNE100006FN4"/>
          <ticker value="688506"/>
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        <balance>5200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>224650.67</valUSD>
        <pctVal>0.0072982847</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WAAREE ENERGIES LTD</name>
        <lei>335800TCF9YCJG3VRZ10</lei>
        <title>WAAREE ENERGIES LTD</title>
        <cusip>Y93804105</cusip>
        <identifiers>
          <isin value="INE377N01017"/>
          <ticker value="WAAREEENER"/>
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        <balance>21044</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>659923.45</valUSD>
        <pctVal>0.0214391047</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ZABKA GRP. SA</name>
        <lei>549300TU2RZ35E4ET914</lei>
        <title>ZABKA GRP. SA</title>
        <cusip>L98969105</cusip>
        <identifiers>
          <isin value="LU2910446546"/>
          <ticker value="ZAB"/>
        </identifiers>
        <balance>92852</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.7618"/>
        <valUSD>671706.92</valUSD>
        <pctVal>0.0218219173</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SWIGGY LTD INR1</name>
        <lei>335800R11DC3QR7KH186</lei>
        <title>SWIGGY LTD INR1</title>
        <cusip>Y1R0BL103</cusip>
        <identifiers>
          <isin value="INE00H001014"/>
          <ticker value="SWIGGY"/>
        </identifiers>
        <balance>326202</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>827060.41</valUSD>
        <pctVal>0.0268689265</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MOTIVA INFRAESTRUTURA DE</name>
        <lei>254900H4EUL83CCQ6781</lei>
        <title>MOTIVA INFRAESTRUTURA DE</title>
        <cusip>P6S8NQ100</cusip>
        <identifiers>
          <isin value="BRMOTVACNOR7"/>
          <ticker value="MOTV3"/>
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        <balance>202500</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>572709.84</valUSD>
        <pctVal>0.0186057734</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>GRUPO CIBEST SA</name>
        <lei>529900OSSJBGZREZ2C28</lei>
        <title>GRUPO CIBEST SA</title>
        <cusip>P49500104</cusip>
        <identifiers>
          <isin value="COTK7PA00010"/>
          <ticker value="CIBEST"/>
        </identifiers>
        <balance>59986</balance>
        <units>NS</units>
        <currencyConditional curCd="COP" exchangeRt="3418.22"/>
        <valUSD>1368814.18</valUSD>
        <pctVal>0.0444690221</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>AXIA ENERGIA SA CLS C PRE</name>
        <lei>254900I8KYDELP4B4Z08</lei>
        <title>AXIA ENERGIA SA CLS C PRE</title>
        <cusip>P2R16K271</cusip>
        <identifiers>
          <isin value="BRAXIAACNPC9"/>
          <ticker value="AXIA7"/>
        </identifiers>
        <balance>88897</balance>
        <units>PA</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>918193.06</valUSD>
        <pctVal>0.0298295766</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>HAIER SMART HOME CO LTD</name>
        <lei>3003002BYTNGNJTWSH07</lei>
        <title>HAIER SMART HOME CO LTD</title>
        <cusip>Y7166P102</cusip>
        <identifiers>
          <isin value="CNE000000CG9"/>
          <ticker value="600690"/>
        </identifiers>
        <balance>94797</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>285741.42</valUSD>
        <pctVal>0.0092829558</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KINGFA SCI.&amp;TECH. CO. LTD</name>
        <lei>300300SN8W1XSX4OLL19</lei>
        <title>KINGFA SCI.&amp;TECH. CO. LTD</title>
        <cusip>Y4455H107</cusip>
        <identifiers>
          <isin value="CNE000001JP3"/>
          <ticker value="GZFKF"/>
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        <balance>38300</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>87163.84</valUSD>
        <pctVal>0.0028317143</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HITHINK ROYALFLUSH INFO.</name>
        <lei>300300TIQA4R0NPLQE78</lei>
        <title>HITHINK ROYALFLUSH INFO.</title>
        <cusip>Y3181P102</cusip>
        <identifiers>
          <isin value="CNE100000JG3"/>
          <ticker value="300033"/>
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        <balance>10920</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>389439.8</valUSD>
        <pctVal>0.0126518320</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHENZHEN SUNWAY COMM. CO</name>
        <lei>N/A</lei>
        <title>SHENZHEN SUNWAY COMM. CO</title>
        <cusip>Y77453101</cusip>
        <identifiers>
          <isin value="CNE100000W94"/>
          <ticker value="300136"/>
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        <balance>14800</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>263245.13</valUSD>
        <pctVal>0.0085521130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>YTO EXPRESS GRP. CO LTD</name>
        <lei>N/A</lei>
        <title>YTO EXPRESS GRP. CO LTD</title>
        <cusip>Y1963V107</cusip>
        <identifiers>
          <isin value="CNE0000012J8"/>
          <ticker value="600233"/>
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        <balance>41800</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>97259.58</valUSD>
        <pctVal>0.0031596973</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ECOVACS ROBOTICS CO LTD</name>
        <lei>836800LJ92X4OLLS2612</lei>
        <title>ECOVACS ROBOTICS CO LTD</title>
        <cusip>Y2234K102</cusip>
        <identifiers>
          <isin value="CNE1000031N8"/>
          <ticker value="603486"/>
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        <balance>8100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>60763.84</valUSD>
        <pctVal>0.0019740507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HDFC BANK LTD</name>
        <lei>335800ZQ6I4E2JXENC50</lei>
        <title>HDFC BANK LTD</title>
        <cusip>Y3119P190</cusip>
        <identifiers>
          <isin value="INE040A01034"/>
          <ticker value="HDFCBANK"/>
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        <balance>2738484</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>23164458.77</valUSD>
        <pctVal>0.7525497932</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HANWHA SYS. CO LTD</name>
        <lei>N/A</lei>
        <title>HANWHA SYS. CO LTD</title>
        <cusip>Y374FQ108</cusip>
        <identifiers>
          <isin value="KR7272210006"/>
          <ticker value="A272210"/>
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        <balance>18275</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>858391.54</valUSD>
        <pctVal>0.0278867891</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LEGEND BIOTECH CORP ADR</name>
        <lei>254900EIUFZTW136H859</lei>
        <title>LEGEND BIOTECH CORP ADR</title>
        <cusip>52490G102</cusip>
        <identifiers>
          <isin value="US52490G1022"/>
          <ticker value="LEGN"/>
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        <balance>16311</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>471061.68</valUSD>
        <pctVal>0.0153035032</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>
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      </invstOrSec>
      <invstOrSec>
        <name>ZTO EXPRESS CAYMAN INC</name>
        <lei>549300SCJPK3YZJTJR78</lei>
        <title>ZTO EXPRESS CAYMAN INC</title>
        <cusip>G9897K105</cusip>
        <identifiers>
          <isin value="KYG9897K1058"/>
          <ticker value="ZTOEF"/>
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        <balance>96584</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>2134721.92</valUSD>
        <pctVal>0.0693512659</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>POP MART INTL. GRP. LTD</name>
        <lei>9845000A05E8F937E337</lei>
        <title>POP MART INTL. GRP. LTD</title>
        <cusip>G7170M103</cusip>
        <identifiers>
          <isin value="KYG7170M1033"/>
          <ticker value="POPMF"/>
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        <balance>118800</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>2357895.19</valUSD>
        <pctVal>0.0766015539</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2343564.360000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>RANGE INTELLIGENT COMPUTI</name>
        <lei>N/A</lei>
        <title>RANGE INTELLIGENT COMPUTI</title>
        <cusip>Y768A5102</cusip>
        <identifiers>
          <isin value="CNE100001Z58"/>
          <ticker value="300442"/>
        </identifiers>
        <balance>20700</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>255074.54</valUSD>
        <pctVal>0.0082866729</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HYGON INFO. TECH. CO LTD</name>
        <lei>N/A</lei>
        <title>HYGON INFO. TECH. CO LTD</title>
        <cusip>Y3813J102</cusip>
        <identifiers>
          <isin value="CNE100005PT2"/>
          <ticker value="688041"/>
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        <balance>32332</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>1790559.34</valUSD>
        <pctVal>0.0581703667</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAL SAUDI LOGISTICS SERVI</name>
        <lei>558600FSWKWXDQOMXT65</lei>
        <title>SAL SAUDI LOGISTICS SERVI</title>
        <cusip>M8232P103</cusip>
        <identifiers>
          <isin value="SA15T1L22JH8"/>
          <ticker value="4263"/>
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        <balance>8701</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>417259.83</valUSD>
        <pctVal>0.0135556286</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WUXI XDC CAYMAN INC</name>
        <lei>549300BV0TP5RVPBYO24</lei>
        <title>WUXI XDC CAYMAN INC</title>
        <cusip>G9808A105</cusip>
        <identifiers>
          <isin value="KYG9808A1058"/>
          <ticker value="2268"/>
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        <balance>91500</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>668749.46</valUSD>
        <pctVal>0.0217258375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HUAQIN CO LTD</name>
        <lei>N/A</lei>
        <title>HUAQIN CO LTD</title>
        <cusip>Y374K6106</cusip>
        <identifiers>
          <isin value="CNE100006M82"/>
          <ticker value="603296"/>
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        <balance>15400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>171433.74</valUSD>
        <pctVal>0.0055694125</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SIEMENS ENERGY INDIA LTD</name>
        <lei>335800AEZO3CVXCSA716</lei>
        <title>SIEMENS ENERGY INDIA LTD</title>
        <cusip>Y7T3LP102</cusip>
        <identifiers>
          <isin value="INE1NPP01017"/>
          <ticker value="ENRIN"/>
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        <balance>20500</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>801097.61</valUSD>
        <pctVal>0.0260254663</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INFO EDGE INDIA LTD</name>
        <lei>335800MXUVHTBF9DEC78</lei>
        <title>INFO EDGE INDIA LTD</title>
        <cusip>Y40353123</cusip>
        <identifiers>
          <isin value="INE663F01032"/>
          <ticker value="NAUKRI"/>
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        <balance>85180</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>882199.38</valUSD>
        <pctVal>0.0286602406</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BANK POLSKA KASA OPIEKI S</name>
        <lei>5493000LKS7B3UTF7H35</lei>
        <title>BANK POLSKA KASA OPIEKI S</title>
        <cusip>X0R77T117</cusip>
        <identifiers>
          <isin value="PLPEKAO00016"/>
          <ticker value="BKPKF"/>
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        <balance>43020</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.7618"/>
        <valUSD>2619278.76</valUSD>
        <pctVal>0.0850931899</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ROSNEFT OIL CO PJSC</name>
        <lei>253400JT3MQWNDKMJE44</lei>
        <title>ROSNEFT OIL CO PJSC</title>
        <cusip>X7394C106</cusip>
        <identifiers>
          <isin value="RU000A0J2Q06"/>
          <ticker value="RNFTF"/>
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        <balance>318005</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="78.700000"/>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HENGAN INTL. GRP. CO LTD</name>
        <lei>836800BJ50PZSWGXZA86</lei>
        <title>HENGAN INTL. GRP. CO LTD</title>
        <cusip>G4402L151</cusip>
        <identifiers>
          <isin value="KYG4402L1510"/>
          <ticker value="HEGIF"/>
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        <balance>149398</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>414630.9</valUSD>
        <pctVal>0.0134702218</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>POWSZECHNY ZAKLAD UBEZPIE</name>
        <lei>QLPCKOOKVX32FUELX240</lei>
        <title>POWSZECHNY ZAKLAD UBEZPIE</title>
        <cusip>X6919T107</cusip>
        <identifiers>
          <isin value="PLPZU0000011"/>
          <ticker value="PWZYF"/>
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        <balance>135035</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.7618"/>
        <valUSD>2357279.99</valUSD>
        <pctVal>0.0765815678</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TAIWAN COOPERATIVE FINL.</name>
        <lei>N/A</lei>
        <title>TAIWAN COOPERATIVE FINL.</title>
        <cusip>Y8374C107</cusip>
        <identifiers>
          <isin value="TW0005880009"/>
          <ticker value="5880"/>
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        <balance>2511032</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>1962521.82</valUSD>
        <pctVal>0.0637569565</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MOUWASAT MEDICAL SERVS. C</name>
        <lei>N/A</lei>
        <title>MOUWASAT MEDICAL SERVS. C</title>
        <cusip>M7065G107</cusip>
        <identifiers>
          <isin value="SA12C051UH11"/>
          <ticker value="4002"/>
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        <balance>23031</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>391067.06</valUSD>
        <pctVal>0.0127046972</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNIVERSAL SCIENTIFIC INDL</name>
        <lei>655600ZQ6P2GFIBK8C07</lei>
        <title>UNIVERSAL SCIENTIFIC INDL</title>
        <cusip>Y92776106</cusip>
        <identifiers>
          <isin value="CNE100001BZ8"/>
          <ticker value="601231"/>
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        <balance>30500</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>147165.25</valUSD>
        <pctVal>0.0047809957</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SAUDI NATL. BANK/THE</name>
        <lei>5586006ZEFQ542K7CY16</lei>
        <title>SAUDI NATL. BANK/THE</title>
        <cusip>M7S2CL107</cusip>
        <identifiers>
          <isin value="SA13L050IE10"/>
          <ticker value="1180"/>
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        <balance>711809</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>7329772.84</valUSD>
        <pctVal>0.2381242355</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>YANTAI JEREH OILFIELD SER</name>
        <lei>300300QPHWK638H2EU20</lei>
        <title>YANTAI JEREH OILFIELD SER</title>
        <cusip>Y9729Z106</cusip>
        <identifiers>
          <isin value="CNE100000L55"/>
          <ticker value="002353"/>
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        <balance>15500</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>350843.78</valUSD>
        <pctVal>0.0113979531</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ANHUI GUJING DISTILLERY C</name>
        <lei>N/A</lei>
        <title>ANHUI GUJING DISTILLERY C</title>
        <cusip>Y0137M118</cusip>
        <identifiers>
          <isin value="CNE000000MD5"/>
          <ticker value="000596"/>
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        <balance>5400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>63446.55</valUSD>
        <pctVal>0.0020612046</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AU SMALL FIN. BANK LTD</name>
        <lei>3358006J6L5P5MWKCU97</lei>
        <title>AU SMALL FIN. BANK LTD</title>
        <cusip>Y0R772123</cusip>
        <identifiers>
          <isin value="INE949L01017"/>
          <ticker value="AUBANK"/>
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        <balance>137084</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1514165.18</valUSD>
        <pctVal>0.0491910778</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>HAIDILAO INTL. HLDG. LTD</name>
        <lei>3003009Q8GV4VNKZWI24</lei>
        <title>HAIDILAO INTL. HLDG. LTD</title>
        <cusip>G4290A101</cusip>
        <identifiers>
          <isin value="KYG4290A1013"/>
          <ticker value="HDALF"/>
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        <balance>372000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>505405.48</valUSD>
        <pctVal>0.0164192392</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>TENCENT MUSIC ENTERTA ADR</name>
        <lei>213800XTZK2GOHQTYK41</lei>
        <title>TENCENT MUSIC ENTERTA ADR</title>
        <cusip>88034P109</cusip>
        <identifiers>
          <isin value="US88034P1093"/>
          <ticker value="TME"/>
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        <balance>123505</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1031266.75</valUSD>
        <pctVal>0.0335030310</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>SHENZHEN MINDRAY BIO-MEDI</name>
        <lei>N/A</lei>
        <title>SHENZHEN MINDRAY BIO-MEDI</title>
        <cusip>Y774E3101</cusip>
        <identifiers>
          <isin value="CNE100003G67"/>
          <ticker value="300760"/>
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        <balance>16600</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>332814.86</valUSD>
        <pctVal>0.0108122429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CONTEMPORARY AMPEREX TECH</name>
        <lei>300300KINDY1K0E9I032</lei>
        <title>CONTEMPORARY AMPEREX TECH</title>
        <cusip>Y1R48E105</cusip>
        <identifiers>
          <isin value="CNE100003662"/>
          <ticker value="300750"/>
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        <balance>64540</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>3752350.81</valUSD>
        <pctVal>0.1219035961</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WOORI FINL. GRP. INC</name>
        <lei>N/A</lei>
        <title>WOORI FINL. GRP. INC</title>
        <cusip>Y972JZ105</cusip>
        <identifiers>
          <isin value="KR7316140003"/>
          <ticker value="A316140"/>
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        <balance>152866</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>2868484.86</valUSD>
        <pctVal>0.0931892132</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COCA-COLA FEMSA SAB DE CV</name>
        <lei>5493008KEVFYPMGTXO33</lei>
        <title>COCA-COLA FEMSA SAB DE CV</title>
        <cusip>P2861Y177</cusip>
        <identifiers>
          <isin value="MX01KO000002"/>
          <ticker value="COCSF"/>
        </identifiers>
        <balance>127322</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.4875"/>
        <valUSD>1353271.77</valUSD>
        <pctVal>0.0439640917</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>CHONGQING RURAL COMMER. B</name>
        <lei>300300C1126750000027</lei>
        <title>CHONGQING RURAL COMMER. B</title>
        <cusip>Y1594G115</cusip>
        <identifiers>
          <isin value="CNE100003NZ9"/>
          <ticker value="601077"/>
        </identifiers>
        <balance>121400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>109313.88</valUSD>
        <pctVal>0.0035513084</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIC PACIFIC SPECIAL STE</name>
        <lei>836800ETMJJWP4GAL167</lei>
        <title>CITIC PACIFIC SPECIAL STE</title>
        <cusip>Y2022S101</cusip>
        <identifiers>
          <isin value="CNE0000008J6"/>
          <ticker value="000708"/>
        </identifiers>
        <balance>70300</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>131056.52</valUSD>
        <pctVal>0.0042576672</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YUM CHINA HLDGS INC COM</name>
        <lei>529900DO9BYZ7VA3K502</lei>
        <title>YUM CHINA HLDGS INC COM</title>
        <cusip>98850P109</cusip>
        <identifiers>
          <isin value="US98850P1093"/>
          <ticker value="YUMC"/>
        </identifiers>
        <balance>83278</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>3390490.6</valUSD>
        <pctVal>0.1101477494</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHANGHAI ALLIST PHARMACEU</name>
        <lei>N/A</lei>
        <title>SHANGHAI ALLIST PHARMACEU</title>
        <cusip>Y768LA109</cusip>
        <identifiers>
          <isin value="CNE100005XJ7"/>
          <ticker value="688578"/>
        </identifiers>
        <balance>6400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>103186.3</valUSD>
        <pctVal>0.0033522401</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UBTECH ROBOTICS CORP LTD</name>
        <lei>836800LIVMBW69Z2WT05</lei>
        <title>UBTECH ROBOTICS CORP LTD</title>
        <cusip>Y901ER107</cusip>
        <identifiers>
          <isin value="CNE100006CQ4"/>
          <ticker value="UBTRF"/>
        </identifiers>
        <balance>52700</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>696104.5</valUSD>
        <pctVal>0.0226145278</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSI SOLAR CO LTD</name>
        <lei>3003004AEZ3F97L0KW51</lei>
        <title>CSI SOLAR CO LTD</title>
        <cusip>Y1827Z104</cusip>
        <identifiers>
          <isin value="CNE100006KH6"/>
          <ticker value="688472"/>
        </identifiers>
        <balance>44662</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>71213.76</valUSD>
        <pctVal>0.0023135399</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JIANGXI COPPER CO LTD</name>
        <lei>3003002E74YFQ6MEZY56</lei>
        <title>JIANGXI COPPER CO LTD</title>
        <cusip>Y4446C100</cusip>
        <identifiers>
          <isin value="CNE1000003K3"/>
          <ticker value="JIAXF"/>
        </identifiers>
        <balance>250000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>992672.02</valUSD>
        <pctVal>0.0322491939</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ACCTON TECH. CORP</name>
        <lei>529900M1YRZ0GWMDF920</lei>
        <title>ACCTON TECH. CORP</title>
        <cusip>Y0002S109</cusip>
        <identifiers>
          <isin value="TW0002345006"/>
          <ticker value="ACTZF"/>
        </identifiers>
        <balance>121000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>9567711.32</valUSD>
        <pctVal>0.3108287246</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CELCOMDIGI BERHAD</name>
        <lei>N/A</lei>
        <title>CELCOMDIGI BERHAD</title>
        <cusip>Y2070F100</cusip>
        <identifiers>
          <isin value="MYL6947OO005"/>
          <ticker value="DIGBF"/>
        </identifiers>
        <balance>710200</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.0775"/>
        <valUSD>465868.54</valUSD>
        <pctVal>0.0151347924</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VANGUARD INTL. SEMICON. C</name>
        <lei>2549001S5Q158BIJJO13</lei>
        <title>VANGUARD INTL. SEMICON. C</title>
        <cusip>Y9353N106</cusip>
        <identifiers>
          <isin value="TW0005347009"/>
          <ticker value="VGILF"/>
        </identifiers>
        <balance>301033</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>2082877.15</valUSD>
        <pctVal>0.0676669714</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INFOSYS LTD</name>
        <lei>335800TYLGG93MM7PR89</lei>
        <title>INFOSYS LTD</title>
        <cusip>Y4082C133</cusip>
        <identifiers>
          <isin value="INE009A01021"/>
          <ticker value="INFZF"/>
        </identifiers>
        <balance>726063</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>7673596.33</valUSD>
        <pctVal>0.2492941186</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNIMICRON TECH. CORP</name>
        <lei>N/A</lei>
        <title>UNIMICRON TECH. CORP</title>
        <cusip>Y90668107</cusip>
        <identifiers>
          <isin value="TW0003037008"/>
          <ticker value="UMCRF"/>
        </identifiers>
        <balance>321944</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>10962071.67</valUSD>
        <pctVal>0.3561276717</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GAIL INDIA LTD</name>
        <lei>335800N82LJD42ZA5L32</lei>
        <title>GAIL INDIA LTD</title>
        <cusip>Y2R78N114</cusip>
        <identifiers>
          <isin value="INE129A01019"/>
          <ticker value="GAUIF"/>
        </identifiers>
        <balance>552254</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1017453.57</valUSD>
        <pctVal>0.0330542786</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SK TELECOM CO LTD</name>
        <lei>9884003WEA1PHW006037</lei>
        <title>SK TELECOM CO LTD</title>
        <cusip>Y4935N104</cusip>
        <identifiers>
          <isin value="KR7017670001"/>
          <ticker value="SKMTF"/>
        </identifiers>
        <balance>25927</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>1484043.32</valUSD>
        <pctVal>0.0482125011</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HANWHA OCEAN CO LTD</name>
        <lei>N/A</lei>
        <title>HANWHA OCEAN CO LTD</title>
        <cusip>Y1916Y117</cusip>
        <identifiers>
          <isin value="KR7042660001"/>
          <ticker value="DWOSF"/>
        </identifiers>
        <balance>31503</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>2048810.79</valUSD>
        <pctVal>0.0665602487</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNITED TRACTORS TBK PT</name>
        <lei>529900N9ELYOWQV4FW14</lei>
        <title>UNITED TRACTORS TBK PT</title>
        <cusip>Y7146Y140</cusip>
        <identifiers>
          <isin value="ID1000058407"/>
          <ticker value="PUTKF"/>
        </identifiers>
        <balance>315371</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="17880"/>
        <valUSD>406330.1</valUSD>
        <pctVal>0.0132005516</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WIPRO LTD</name>
        <lei>335800IFS1IJHESG8362</lei>
        <title>WIPRO LTD</title>
        <cusip>Y96659142</cusip>
        <identifiers>
          <isin value="INE075A01022"/>
          <ticker value="WIPRO"/>
        </identifiers>
        <balance>567058</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1028181.19</valUSD>
        <pctVal>0.0334027896</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHUNGHWA TELECOM CO LTD</name>
        <lei>N/A</lei>
        <title>CHUNGHWA TELECOM CO LTD</title>
        <cusip>Y1613J108</cusip>
        <identifiers>
          <isin value="TW0002412004"/>
          <ticker value="CHWAF"/>
        </identifiers>
        <balance>914260</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>4061884.24</valUSD>
        <pctVal>0.1319594891</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REMGRO LTD</name>
        <lei>N/A</lei>
        <title>REMGRO LTD</title>
        <cusip>S6873K106</cusip>
        <identifiers>
          <isin value="ZAE000026480"/>
          <ticker value="RMGOF"/>
        </identifiers>
        <balance>115298</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.38"/>
        <valUSD>1385526.36</valUSD>
        <pctVal>0.0450119550</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA PETROLEUM &amp; CHEMICA</name>
        <lei>529900A2OB24EZ5B3J19</lei>
        <title>CHINA PETROLEUM &amp; CHEMICA</title>
        <cusip>Y15010104</cusip>
        <identifiers>
          <isin value="CNE1000002Q2"/>
          <ticker value="SNPMF"/>
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        <balance>5392628</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>2752546.78</valUSD>
        <pctVal>0.0894227027</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HCL TECHS. LTD</name>
        <lei>549300C1F8OLYSOQYB65</lei>
        <title>HCL TECHS. LTD</title>
        <cusip>Y3121G147</cusip>
        <identifiers>
          <isin value="INE860A01027"/>
          <ticker value="HCLTF"/>
        </identifiers>
        <balance>207991</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>2364126.33</valUSD>
        <pctVal>0.0768039866</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EVA AIRWAYS CORP</name>
        <lei>254900S1P4XOXV67GC07</lei>
        <title>EVA AIRWAYS CORP</title>
        <cusip>Y2361Y107</cusip>
        <identifiers>
          <isin value="TW0002618006"/>
          <ticker value="2618"/>
        </identifiers>
        <balance>670996</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>949454.68</valUSD>
        <pctVal>0.0308451810</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DISCOVERY LTD</name>
        <lei>378900245A26169C8132</lei>
        <title>DISCOVERY LTD</title>
        <cusip>S2192Y109</cusip>
        <identifiers>
          <isin value="ZAE000022331"/>
          <ticker value="DCYHF"/>
        </identifiers>
        <balance>132017</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.38"/>
        <valUSD>2132758.44</valUSD>
        <pctVal>0.0692874778</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LG CHEM LTD</name>
        <lei>988400IES4EIG7O06940</lei>
        <title>LG CHEM LTD</title>
        <cusip>Y52758102</cusip>
        <identifiers>
          <isin value="KR7051910008"/>
          <ticker value="LGCLF"/>
        </identifiers>
        <balance>11115</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>2019171.58</valUSD>
        <pctVal>0.0655973520</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MEDIATEK INC</name>
        <lei>254900UEGBK1I4DM4E14</lei>
        <title>MEDIATEK INC</title>
        <cusip>Y5945U103</cusip>
        <identifiers>
          <isin value="TW0002454006"/>
          <ticker value="MDTTF"/>
        </identifiers>
        <balance>348091</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>47531956.95</valUSD>
        <pctVal>1.5441830404</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHINHAN FINANCIAL GROUP C</name>
        <lei>988400EB8A6G49E5KO54</lei>
        <title>SHINHAN FINANCIAL GROUP C</title>
        <cusip>Y7749X101</cusip>
        <identifiers>
          <isin value="KR7055550008"/>
          <ticker value="SFLGF"/>
        </identifiers>
        <balance>100373</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>6219399.02</valUSD>
        <pctVal>0.2020512326</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LG UPLUS CORP</name>
        <lei>N/A</lei>
        <title>LG UPLUS CORP</title>
        <cusip>Y5293P102</cusip>
        <identifiers>
          <isin value="KR7032640005"/>
          <ticker value="A032640"/>
        </identifiers>
        <balance>32300</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>292511.79</valUSD>
        <pctVal>0.0095029066</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SINOPAC FINL. HLDGS. CO L</name>
        <lei>N/A</lei>
        <title>SINOPAC FINL. HLDGS. CO L</title>
        <cusip>Y8009U100</cusip>
        <identifiers>
          <isin value="TW0002890001"/>
          <ticker value="SPACF"/>
        </identifiers>
        <balance>2934705</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>3700552.2</valUSD>
        <pctVal>0.1202208012</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CTBC FINANCIAL HOLDING CO</name>
        <lei>549300IWDYIFW6JXM387</lei>
        <title>CTBC FINANCIAL HOLDING CO</title>
        <cusip>Y15093100</cusip>
        <identifiers>
          <isin value="TW0002891009"/>
          <ticker value="CTFHF"/>
        </identifiers>
        <balance>4014707</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>8983627.81</valUSD>
        <pctVal>0.2918534518</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INDIAN OIL CORP LTD</name>
        <lei>335800J8OBWE4VFUDG88</lei>
        <title>INDIAN OIL CORP LTD</title>
        <cusip>Y3925Y112</cusip>
        <identifiers>
          <isin value="INE242A01010"/>
          <ticker value="IOCOF"/>
        </identifiers>
        <balance>694102</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1025500.29</valUSD>
        <pctVal>0.0333156945</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CUMMINS INDIA LTD</name>
        <lei>3358002PR6NKJRU4YS77</lei>
        <title>CUMMINS INDIA LTD</title>
        <cusip>Y4807D150</cusip>
        <identifiers>
          <isin value="INE298A01020"/>
          <ticker value="CUIDF"/>
        </identifiers>
        <balance>32355</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1944390.68</valUSD>
        <pctVal>0.0631679254</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POSCO INTL. CORP</name>
        <lei>988400B6ECL5BWA8KC19</lei>
        <title>POSCO INTL. CORP</title>
        <cusip>Y1911C102</cusip>
        <identifiers>
          <isin value="KR7047050000"/>
          <ticker value="DWOIF"/>
        </identifiers>
        <balance>11613</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>367819.2</valUSD>
        <pctVal>0.0119494380</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PING AN INS. GRP. CO OF C</name>
        <lei>529900M9MC28JLN35U89</lei>
        <title>PING AN INS. GRP. CO OF C</title>
        <cusip>Y69790106</cusip>
        <identifiers>
          <isin value="CNE1000003X6"/>
          <ticker value="PIAIF"/>
        </identifiers>
        <balance>1567406</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>10250078.91</valUSD>
        <pctVal>0.3329969778</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="179669.750000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>HINDUSTAN PETROLEUM CORP</name>
        <lei>335800DWLXIP7HFFY564</lei>
        <title>HINDUSTAN PETROLEUM CORP</title>
        <cusip>Y3224R123</cusip>
        <identifiers>
          <isin value="INE094A01015"/>
          <ticker value="HINDPETRO"/>
        </identifiers>
        <balance>227630</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>953400.96</valUSD>
        <pctVal>0.0309733848</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BUMRUNGRAD HOSPITAL PCL</name>
        <lei>N/A</lei>
        <title>BUMRUNGRAD HOSPITAL PCL</title>
        <cusip>Y1002E165</cusip>
        <identifiers>
          <isin value="TH0168010R13"/>
          <ticker value="BUGDF"/>
        </identifiers>
        <balance>134787</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.2205"/>
        <valUSD>769831.84</valUSD>
        <pctVal>0.0250097271</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIRSTRAND LTD</name>
        <lei>529900XYOP8CUZU7R671</lei>
        <title>FIRSTRAND LTD</title>
        <cusip>S5202Z131</cusip>
        <identifiers>
          <isin value="ZAE000066304"/>
          <ticker value="FANDF"/>
        </identifiers>
        <balance>1229057</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.38"/>
        <valUSD>7289560.79</valUSD>
        <pctVal>0.2368178562</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHREE CEMENT LTD</name>
        <lei>335800W6FNBDUZ89L830</lei>
        <title>SHREE CEMENT LTD</title>
        <cusip>Y7757Y132</cusip>
        <identifiers>
          <isin value="INE070A01015"/>
          <ticker value="SREEF"/>
        </identifiers>
        <balance>2213</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>592633.09</valUSD>
        <pctVal>0.0192530252</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PT BANK NEGARA INDONESIA(</name>
        <lei>549300HZ8J3MLVXQ8F85</lei>
        <title>PT BANK NEGARA INDONESIA(</title>
        <cusip>Y74568166</cusip>
        <identifiers>
          <isin value="ID1000096605"/>
          <ticker value="BBNI"/>
        </identifiers>
        <balance>2967318</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="17880"/>
        <valUSD>526697.66</valUSD>
        <pctVal>0.0171109638</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHENZHOU INTL. GRP. HLDGS</name>
        <lei>529900B4W41TCUKJFM73</lei>
        <title>SHENZHOU INTL. GRP. HLDGS</title>
        <cusip>G8087W101</cusip>
        <identifiers>
          <isin value="KYG8087W1015"/>
          <ticker value="SZHIF"/>
        </identifiers>
        <balance>203100</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>1022963.12</valUSD>
        <pctVal>0.0332332688</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MPI CORP</name>
        <lei>N/A</lei>
        <title>MPI CORP</title>
        <cusip>Y6131E101</cusip>
        <identifiers>
          <isin value="TW0006223001"/>
          <ticker value="MJCPF"/>
        </identifiers>
        <balance>21000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>4058368.24</valUSD>
        <pctVal>0.1318452639</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA NATL. BLDG. MATERIA</name>
        <lei>52990085PGF8YEPLBZ26</lei>
        <title>CHINA NATL. BLDG. MATERIA</title>
        <cusip>Y15045100</cusip>
        <identifiers>
          <isin value="CNE1000002N9"/>
          <ticker value="CBUMF"/>
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        <balance>839943</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>576390.67</valUSD>
        <pctVal>0.0187253535</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AIRPORTS OF THAILAND PCL</name>
        <lei>5299006VS4CU6LW0TY22</lei>
        <title>AIRPORTS OF THAILAND PCL</title>
        <cusip>Y0028Q129</cusip>
        <identifiers>
          <isin value="TH0765010R16"/>
          <ticker value="AIPUF"/>
        </identifiers>
        <balance>962900</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.2205"/>
        <valUSD>1883929.74</valUSD>
        <pctVal>0.0612037152</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1862287.690000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF CHINA LTD H CNY1</name>
        <lei>54930053HGCFWVHYZX42</lei>
        <title>BANK OF CHINA LTD H CNY1</title>
        <cusip>Y0698A107</cusip>
        <identifiers>
          <isin value="CNE1000001Z5"/>
          <ticker value="BACHF"/>
        </identifiers>
        <balance>16154652</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>10298299.67</valUSD>
        <pctVal>0.3345635382</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SINO BIOPHARM. LTD</name>
        <lei>529900LPR4ADFEJAR786</lei>
        <title>SINO BIOPHARM. LTD</title>
        <cusip>G8167W138</cusip>
        <identifiers>
          <isin value="KYG8167W1380"/>
          <ticker value="SBMFF"/>
        </identifiers>
        <balance>2269750</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>1279930.77</valUSD>
        <pctVal>0.0415814436</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ELITE MATERIAL CO LTD</name>
        <lei>N/A</lei>
        <title>ELITE MATERIAL CO LTD</title>
        <cusip>Y2290G102</cusip>
        <identifiers>
          <isin value="TW0002383007"/>
          <ticker value="ETMCF"/>
        </identifiers>
        <balance>69266</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>11853348.78</valUSD>
        <pctVal>0.3850828228</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JINDAL STAINLESS LTD</name>
        <lei>3358003QFQMSFDO7BP20</lei>
        <title>JINDAL STAINLESS LTD</title>
        <cusip>Y44440116</cusip>
        <identifiers>
          <isin value="INE220G01021"/>
          <ticker value="JDNLF"/>
        </identifiers>
        <balance>73500</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>539956.23</valUSD>
        <pctVal>0.0175416984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KINGBOARD LAMINATES HLDGS</name>
        <lei>529900B76JV9QCZINB33</lei>
        <title>KINGBOARD LAMINATES HLDGS</title>
        <cusip>G5257K107</cusip>
        <identifiers>
          <isin value="KYG5257K1076"/>
          <ticker value="KGBLF"/>
        </identifiers>
        <balance>250000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>3211532.83</valUSD>
        <pctVal>0.1043339018</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUZANO SA</name>
        <lei>391200AW174YQSDMGG41</lei>
        <title>SUZANO SA</title>
        <cusip>P8T20U187</cusip>
        <identifiers>
          <isin value="BRSUZBACNOR0"/>
          <ticker value="SUZB3"/>
        </identifiers>
        <balance>146585</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>1130416.45</valUSD>
        <pctVal>0.0367241330</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>CSPC PHARM. GRP. LTD</name>
        <lei>529900M3XQCW234H8O91</lei>
        <title>CSPC PHARM. GRP. LTD</title>
        <cusip>Y1837N109</cusip>
        <identifiers>
          <isin value="HK1093012172"/>
          <ticker value="CHJTF"/>
        </identifiers>
        <balance>1949360</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>1740367.91</valUSD>
        <pctVal>0.0565397847</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HAITIAN INTL. HLDGS. LTD</name>
        <lei>30030093DDRS825TVP62</lei>
        <title>HAITIAN INTL. HLDGS. LTD</title>
        <cusip>G4232C108</cusip>
        <identifiers>
          <isin value="KYG4232C1087"/>
          <ticker value="1882"/>
        </identifiers>
        <balance>166000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>398410.79</valUSD>
        <pctVal>0.0129432749</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TORRENT POWER LTD</name>
        <lei>335800DJYYJQGAH3OX89</lei>
        <title>TORRENT POWER LTD</title>
        <cusip>Y8903W103</cusip>
        <identifiers>
          <isin value="INE813H01021"/>
          <ticker value="TORNTPOWER"/>
        </identifiers>
        <balance>46511</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>698896.53</valUSD>
        <pctVal>0.0227052332</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HYUNDAI MOTOR CO</name>
        <lei>9884004RQX8PRBXQ8S60</lei>
        <title>HYUNDAI MOTOR CO</title>
        <cusip>Y38472133</cusip>
        <identifiers>
          <isin value="KR7005381009"/>
          <ticker value="HYMPF"/>
        </identifiers>
        <balance>5162</balance>
        <units>PA</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>734512.44</valUSD>
        <pctVal>0.0238622966</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAMSUNG ELECTRONICS CO N/</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>SAMSUNG ELECTRONICS CO N/</title>
        <cusip>Y74718118</cusip>
        <identifiers>
          <isin value="KR7005931001"/>
          <ticker value="SSNNF"/>
        </identifiers>
        <balance>193610</balance>
        <units>PA</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>27109250.96</valUSD>
        <pctVal>0.8807052824</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHANGHAI FOSUN PHARM. GRP</name>
        <lei>300300DMUYLW3FP1OT73</lei>
        <title>SHANGHAI FOSUN PHARM. GRP</title>
        <cusip>Y7687D117</cusip>
        <identifiers>
          <isin value="CNE000000X38"/>
          <ticker value="600196"/>
        </identifiers>
        <balance>25300</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>83939.43</valUSD>
        <pctVal>0.0027269621</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GUOYUAN SECS. CO LTD</name>
        <lei>300300E1007634000094</lei>
        <title>GUOYUAN SECS. CO LTD</title>
        <cusip>Y2963C107</cusip>
        <identifiers>
          <isin value="CNE000000QZ9"/>
          <ticker value="000728"/>
        </identifiers>
        <balance>47460</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>52540.25</valUSD>
        <pctVal>0.0017068888</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SINOMA SCIENCE &amp; TECH. CO</name>
        <lei>300300XZFDR8F1T64T13</lei>
        <title>SINOMA SCIENCE &amp; TECH. CO</title>
        <cusip>Y80025102</cusip>
        <identifiers>
          <isin value="CNE000001P78"/>
          <ticker value="002080"/>
        </identifiers>
        <balance>23800</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>318548.55</valUSD>
        <pctVal>0.0103487695</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MANGO EXCELLENT MEDIA CO</name>
        <lei>300300JPUGO17MZHPP76</lei>
        <title>MANGO EXCELLENT MEDIA CO</title>
        <cusip>Y306B1109</cusip>
        <identifiers>
          <isin value="CNE100001Y83"/>
          <ticker value="300413"/>
        </identifiers>
        <balance>22070</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>47791.07</valUSD>
        <pctVal>0.0015526009</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KUANG-CHI TECHS. CO LTD</name>
        <lei>N/A</lei>
        <title>KUANG-CHI TECHS. CO LTD</title>
        <cusip>Y9895R102</cusip>
        <identifiers>
          <isin value="CNE1000018P0"/>
          <ticker value="002625"/>
        </identifiers>
        <balance>32000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>143494.54</valUSD>
        <pctVal>0.0046617444</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZHEJIANG DAHUA TECH. CO L</name>
        <lei>N/A</lei>
        <title>ZHEJIANG DAHUA TECH. CO L</title>
        <cusip>Y988AP102</cusip>
        <identifiers>
          <isin value="CNE100000BJ4"/>
          <ticker value="002236"/>
        </identifiers>
        <balance>50900</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>124128.31</valUSD>
        <pctVal>0.0040325887</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ICICI LOMBARD GEN. INS. C</name>
        <lei>335800ZZITZ7ZZZ2ZX87</lei>
        <title>ICICI LOMBARD GEN. INS. C</title>
        <cusip>Y3R55N101</cusip>
        <identifiers>
          <isin value="INE765G01017"/>
          <ticker value="ICICIGI"/>
        </identifiers>
        <balance>57326</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1057267.59</valUSD>
        <pctVal>0.0343477270</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>B3 SA - BRASIL BOLSA BALC</name>
        <lei>4GTK5S46E6H318LMDS44</lei>
        <title>B3 SA - BRASIL BOLSA BALC</title>
        <cusip>P1909G107</cusip>
        <identifiers>
          <isin value="BRB3SAACNOR6"/>
          <ticker value="BOLSF"/>
        </identifiers>
        <balance>1220395</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>3432604.73</valUSD>
        <pctVal>0.1115159221</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>PTT PCL</name>
        <lei>549300QOGMPTKB6W7G56</lei>
        <title>PTT PCL</title>
        <cusip>Y6883U139</cusip>
        <identifiers>
          <isin value="TH0646010Z18"/>
          <ticker value="PETFF"/>
        </identifiers>
        <balance>1835000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.2205"/>
        <valUSD>1960912.69</valUSD>
        <pctVal>0.0637046803</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHANDONG GOLD MINING CO L</name>
        <lei>300300KC2K8BC07OSV77</lei>
        <title>SHANDONG GOLD MINING CO L</title>
        <cusip>Y76831125</cusip>
        <identifiers>
          <isin value="CNE1000036N7"/>
          <ticker value="SDGMF"/>
        </identifiers>
        <balance>175250</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>374583.5</valUSD>
        <pctVal>0.0121691915</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VGT</name>
        <lei>836800LBU3EF5U7ECE87</lei>
        <title>VGT</title>
        <cusip>Y9367N100</cusip>
        <identifiers>
          <isin value="CNE1000020V4"/>
          <ticker value="300476"/>
        </identifiers>
        <balance>12600</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>649950.5</valUSD>
        <pctVal>0.0211151108</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NETEASE INC</name>
        <lei>5299004AF4DSJDB0PA32</lei>
        <title>NETEASE INC</title>
        <cusip>G6427A102</cusip>
        <identifiers>
          <isin value="KYG6427A1022"/>
          <ticker value="NETTF"/>
        </identifiers>
        <balance>425875</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>10961825.51</valUSD>
        <pctVal>0.3561196746</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SMOORE INTL. HLDGS. LTD</name>
        <lei>N/A</lei>
        <title>SMOORE INTL. HLDGS. LTD</title>
        <cusip>G8245V102</cusip>
        <identifiers>
          <isin value="KYG8245V1023"/>
          <ticker value="SMORF"/>
        </identifiers>
        <balance>325000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>291890.39</valUSD>
        <pctVal>0.0094827190</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="101154.610000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NONGFU SPRING CO LTD</name>
        <lei>300300P08GGT4SKR9G93</lei>
        <title>NONGFU SPRING CO LTD</title>
        <cusip>Y6367W106</cusip>
        <identifiers>
          <isin value="CNE100004272"/>
          <ticker value="NNFSF"/>
        </identifiers>
        <balance>435400</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>2210028.16</valUSD>
        <pctVal>0.0717977593</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VK CO LTD GDR</name>
        <lei>N/A</lei>
        <title>VK CO LTD GDR</title>
        <cusip>560317208</cusip>
        <identifiers>
          <isin value="US5603172082"/>
          <ticker value="MLRYY"/>
        </identifiers>
        <balance>30900</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="78.700000"/>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA INTL. CAP. CORP LTD</name>
        <lei>529900OS3SVVTT56QN67</lei>
        <title>CHINA INTL. CAP. CORP LTD</title>
        <cusip>Y1R99Y117</cusip>
        <identifiers>
          <isin value="CNE1000048J0"/>
          <ticker value="601995"/>
        </identifiers>
        <balance>49000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>261547.06</valUSD>
        <pctVal>0.0084969473</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOONGSON TECHNOLOGY CORP</name>
        <lei>N/A</lei>
        <title>LOONGSON TECHNOLOGY CORP</title>
        <cusip>Y5326A106</cusip>
        <identifiers>
          <isin value="CNE100005QH5"/>
          <ticker value="688047"/>
        </identifiers>
        <balance>3800</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>87893.12</valUSD>
        <pctVal>0.0028554066</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DR REDDY S LABS. LTD</name>
        <lei>335800OVDPY3DVZR2798</lei>
        <title>DR REDDY S LABS. LTD</title>
        <cusip>Y21089191</cusip>
        <identifiers>
          <isin value="INE089A01031"/>
          <ticker value="DRREDDY"/>
        </identifiers>
        <balance>123507</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1771852.08</valUSD>
        <pctVal>0.0575626191</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA TOWER CORP LTD</name>
        <lei>300300T6BNNP0L7O7H91</lei>
        <title>CHINA TOWER CORP LTD</title>
        <cusip>Y15076121</cusip>
        <identifiers>
          <isin value="CNE100006V65"/>
          <ticker value="CHWRF"/>
        </identifiers>
        <balance>1025800</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>1154517.02</valUSD>
        <pctVal>0.0375070945</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GULF DEV. PCL</name>
        <lei>N/A</lei>
        <title>GULF DEV. PCL</title>
        <cusip>Y8620G720</cusip>
        <identifiers>
          <isin value="THC903010R14"/>
          <ticker value="TGLFF"/>
        </identifiers>
        <balance>901686</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.2205"/>
        <valUSD>1684217.7</valUSD>
        <pctVal>0.0547156182</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JBS NV</name>
        <lei>254900JSFON4WL81TW77</lei>
        <title>JBS NV</title>
        <cusip>N4731Y108</cusip>
        <identifiers>
          <isin value="BRJBSSBDR002"/>
          <ticker value="JBSS32"/>
        </identifiers>
        <balance>72018</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>848485.12</valUSD>
        <pctVal>0.0275649566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAKKAH COMPANY FOR REC &amp;</name>
        <lei>N/A</lei>
        <title>MAKKAH COMPANY FOR REC &amp;</title>
        <cusip>M6S89F103</cusip>
        <identifiers>
          <isin value="SA0007879659"/>
          <ticker value="4100"/>
        </identifiers>
        <balance>28296</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>624912.99</valUSD>
        <pctVal>0.0203017107</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JARIR MARKETING CO. SAR1</name>
        <lei>N/A</lei>
        <title>JARIR MARKETING CO. SAR1</title>
        <cusip>M6185P112</cusip>
        <identifiers>
          <isin value="SA000A0BLA62"/>
          <ticker value="JARIR"/>
        </identifiers>
        <balance>129200</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>576391.83</valUSD>
        <pctVal>0.0187253912</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JABAL OMAR DEVELOPMENT CO</name>
        <lei>558600N159FYHBGJD214</lei>
        <title>JABAL OMAR DEVELOPMENT CO</title>
        <cusip>M6100A109</cusip>
        <identifiers>
          <isin value="SA000A0MR864"/>
          <ticker value="4250"/>
        </identifiers>
        <balance>166845</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>672184.58</valUSD>
        <pctVal>0.0218374352</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RIYAD BANK</name>
        <lei>54930037RJ782ISGGM71</lei>
        <title>RIYAD BANK</title>
        <cusip>M8215R118</cusip>
        <identifiers>
          <isin value="SA0007879048"/>
          <ticker value="1010"/>
        </identifiers>
        <balance>482954</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>2561087.55</valUSD>
        <pctVal>0.0832027169</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK AL-JAZIRA</name>
        <lei>558600FGNP3JML7WY215</lei>
        <title>BANK AL-JAZIRA</title>
        <cusip>M0R43T102</cusip>
        <identifiers>
          <isin value="SA0007879055"/>
          <ticker value="1020"/>
        </identifiers>
        <balance>143283</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>443278.74</valUSD>
        <pctVal>0.0144009116</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAUDI INV. BANK/THE</name>
        <lei>558600V3J4M5TUY9HR70</lei>
        <title>SAUDI INV. BANK/THE</title>
        <cusip>M8236J111</cusip>
        <identifiers>
          <isin value="SA0007879063"/>
          <ticker value="1030"/>
        </identifiers>
        <balance>122515</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>437589.22</valUSD>
        <pctVal>0.0142160747</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK ALBILAD</name>
        <lei>558600YCBMF3KW9QH647</lei>
        <title>BANK ALBILAD</title>
        <cusip>M1637E104</cusip>
        <identifiers>
          <isin value="SA000A0D9HK3"/>
          <ticker value="1140"/>
        </identifiers>
        <balance>174504</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>1133797.04</valUSD>
        <pctVal>0.0368339591</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SABIC AGRI-NUTRIENTS CO</name>
        <lei>N/A</lei>
        <title>SABIC AGRI-NUTRIENTS CO</title>
        <cusip>M8T36M107</cusip>
        <identifiers>
          <isin value="SA0007879139"/>
          <ticker value="2020"/>
        </identifiers>
        <balance>54703</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>1802629.86</valUSD>
        <pctVal>0.0585625048</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CO FOR COOPERATIVE INSURA</name>
        <lei>549300J2GTNKWJRJ8581</lei>
        <title>CO FOR COOPERATIVE INSURA</title>
        <cusip>M7225K105</cusip>
        <identifiers>
          <isin value="SA000A0DPSH3"/>
          <ticker value="8010"/>
        </identifiers>
        <balance>18696</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>732882.55</valUSD>
        <pctVal>0.0238093459</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALMARAI CO JSC</name>
        <lei>549300B4EDUXYD2G6098</lei>
        <title>ALMARAI CO JSC</title>
        <cusip>M0855N101</cusip>
        <identifiers>
          <isin value="SA000A0ETHT1"/>
          <ticker value="2280"/>
        </identifiers>
        <balance>101801</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>1233087.39</valUSD>
        <pctVal>0.0400596306</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YANBU NATL. PETROCHEMICAL</name>
        <lei>N/A</lei>
        <title>YANBU NATL. PETROCHEMICAL</title>
        <cusip>M98699107</cusip>
        <identifiers>
          <isin value="SA000A0HNF36"/>
          <ticker value="2290"/>
        </identifiers>
        <balance>63280</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>494797.22</valUSD>
        <pctVal>0.0160746059</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BAOSHAN IRON &amp; STEEL CO L</name>
        <lei>300300PYAP4PEHORZT21</lei>
        <title>BAOSHAN IRON &amp; STEEL CO L</title>
        <cusip>Y0698U103</cusip>
        <identifiers>
          <isin value="CNE0000015R4"/>
          <ticker value="600019"/>
        </identifiers>
        <balance>357196</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>286388.63</valUSD>
        <pctVal>0.0093039819</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA TOURISM GRP. DUTY F</name>
        <lei>N/A</lei>
        <title>CHINA TOURISM GRP. DUTY F</title>
        <cusip>Y149A3100</cusip>
        <identifiers>
          <isin value="CNE100000G29"/>
          <ticker value="601888"/>
        </identifiers>
        <balance>29400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>233106.22</valUSD>
        <pctVal>0.0075729824</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INNER MONGOLIA JUNZHENG E</name>
        <lei>3003006C9ZMCTO771B16</lei>
        <title>INNER MONGOLIA JUNZHENG E</title>
        <cusip>Y40887104</cusip>
        <identifiers>
          <isin value="CNE1000010F8"/>
          <ticker value="601216"/>
        </identifiers>
        <balance>159200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>104635.49</valUSD>
        <pctVal>0.0033993204</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHIFENG JILONG CNY</name>
        <lei>300300PUFBCIZ7STN538</lei>
        <title>CHIFENG JILONG CNY</title>
        <cusip>Y2931K108</cusip>
        <identifiers>
          <isin value="CNE000001H94"/>
          <ticker value="600988"/>
        </identifiers>
        <balance>25500</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>98894.17</valUSD>
        <pctVal>0.0032128006</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GUOCHENG MINING CO LTD</name>
        <lei>N/A</lei>
        <title>GUOCHENG MINING CO LTD</title>
        <cusip>Y2666C107</cusip>
        <identifiers>
          <isin value="CNE0000003F5"/>
          <ticker value="000688"/>
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        <balance>20100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>101708.14</valUSD>
        <pctVal>0.0033042188</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YUNNAN BAIYAO GRP. CO LTD</name>
        <lei>N/A</lei>
        <title>YUNNAN BAIYAO GRP. CO LTD</title>
        <cusip>Y9879F108</cusip>
        <identifiers>
          <isin value="CNE0000008X7"/>
          <ticker value="000538"/>
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        <balance>30900</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>215711.32</valUSD>
        <pctVal>0.0070078697</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHENZHEN KINWONG ELECTRON</name>
        <lei>836800OETKP19M29TI35</lei>
        <title>SHENZHEN KINWONG ELECTRON</title>
        <cusip>Y774BX108</cusip>
        <identifiers>
          <isin value="CNE100002FZ7"/>
          <ticker value="603228"/>
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        <balance>11500</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>123523.2</valUSD>
        <pctVal>0.0040129303</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WIWYNN CORP</name>
        <lei>254900FV2R15PMKXFL69</lei>
        <title>WIWYNN CORP</title>
        <cusip>Y9673D101</cusip>
        <identifiers>
          <isin value="TW0006669005"/>
          <ticker value="6669"/>
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        <balance>25000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>3668432.31</valUSD>
        <pctVal>0.1191773140</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CNPC CAP. CO LTD</name>
        <lei>300300K2DPEEAN1LV682</lei>
        <title>CNPC CAP. CO LTD</title>
        <cusip>Y4444L102</cusip>
        <identifiers>
          <isin value="CNE000000MS3"/>
          <ticker value="000617"/>
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        <balance>123100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>119559.5</valUSD>
        <pctVal>0.0038841606</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AURA MINERALS INC</name>
        <lei>549300YIRI8PSDM2FV20</lei>
        <title>AURA MINERALS INC</title>
        <cusip>G06973112</cusip>
        <identifiers>
          <isin value="VGG069731120"/>
          <ticker value="AUGO"/>
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        <balance>8176</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>514679.2</valUSD>
        <pctVal>0.0167205170</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SG MICRO CORP</name>
        <lei>N/A</lei>
        <title>SG MICRO CORP</title>
        <cusip>Y7679C101</cusip>
        <identifiers>
          <isin value="CNE100002NT4"/>
          <ticker value="300661"/>
        </identifiers>
        <balance>7605</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>162649</valUSD>
        <pctVal>0.0052840203</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HANSOH PHARM. GRP. CO LTD</name>
        <lei>254900Q6MR00EBXTPF42</lei>
        <title>HANSOH PHARM. GRP. CO LTD</title>
        <cusip>G54958106</cusip>
        <identifiers>
          <isin value="KYG549581067"/>
          <ticker value="HNSPF"/>
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        <balance>300000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>1135321.23</valUSD>
        <pctVal>0.0368834759</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SUZHOU TFC OPTICAL COMM.</name>
        <lei>N/A</lei>
        <title>SUZHOU TFC OPTICAL COMM.</title>
        <cusip>Y831BY104</cusip>
        <identifiers>
          <isin value="CNE100001XQ1"/>
          <ticker value="300394"/>
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        <balance>14688</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>660434.49</valUSD>
        <pctVal>0.0214557069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INGENIC SEMICON. CO LTD</name>
        <lei>N/A</lei>
        <title>INGENIC SEMICON. CO LTD</title>
        <cusip>Y4088K105</cusip>
        <identifiers>
          <isin value="CNE100001377"/>
          <ticker value="300223"/>
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        <balance>8100</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>300358.31</valUSD>
        <pctVal>0.0097578185</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BEIJING COMPASS TECHNOLOG</name>
        <lei>N/A</lei>
        <title>BEIJING COMPASS TECHNOLOG</title>
        <cusip>Y0R71G102</cusip>
        <identifiers>
          <isin value="CNE000001QQ6"/>
          <ticker value="300803"/>
        </identifiers>
        <balance>7400</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>100408.56</valUSD>
        <pctVal>0.0032619990</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BEIJING-SHANGHAI HIGH SPE</name>
        <lei>N/A</lei>
        <title>BEIJING-SHANGHAI HIGH SPE</title>
        <cusip>Y0S031107</cusip>
        <identifiers>
          <isin value="CNE100003RV9"/>
          <ticker value="601816"/>
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        <balance>756700</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>505395.09</valUSD>
        <pctVal>0.0164189017</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JA SOLAR TECH. CO LTD</name>
        <lei>N/A</lei>
        <title>JA SOLAR TECH. CO LTD</title>
        <cusip>Y7163W100</cusip>
        <identifiers>
          <isin value="CNE100000SD1"/>
          <ticker value="002459"/>
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        <balance>41916</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>50227.37</valUSD>
        <pctVal>0.0016317496</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WUXI BIOLOGICS CAYMAN INC</name>
        <lei>5493001TD2TH6VDTJU11</lei>
        <title>WUXI BIOLOGICS CAYMAN INC</title>
        <cusip>G97008117</cusip>
        <identifiers>
          <isin value="KYG970081173"/>
          <ticker value="WXIBF"/>
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        <balance>846000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>3748911.6</valUSD>
        <pctVal>0.1217918656</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ANJI MICROELECTRONICS TEC</name>
        <lei>N/A</lei>
        <title>ANJI MICROELECTRONICS TEC</title>
        <cusip>Y013D8104</cusip>
        <identifiers>
          <isin value="CNE100003ML1"/>
          <ticker value="688019"/>
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        <balance>3487</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>177283.98</valUSD>
        <pctVal>0.0057594707</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHENZHEN ENVICOOL TECHNOL</name>
        <lei>N/A</lei>
        <title>SHENZHEN ENVICOOL TECHNOL</title>
        <cusip>Y7T41E107</cusip>
        <identifiers>
          <isin value="CNE100002CC3"/>
          <ticker value="002837"/>
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        <balance>17810</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>210436.66</valUSD>
        <pctVal>0.0068365105</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EMPYREAN TECH. CO LTD</name>
        <lei>836800HWPKNLN46F0U75</lei>
        <title>EMPYREAN TECH. CO LTD</title>
        <cusip>Y228E9105</cusip>
        <identifiers>
          <isin value="CNE100005GY1"/>
          <ticker value="301269"/>
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        <balance>6300</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>111761.2</valUSD>
        <pctVal>0.0036308152</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHENZHEN TECHWINSEMI TECH</name>
        <lei>N/A</lei>
        <title>SHENZHEN TECHWINSEMI TECH</title>
        <cusip>Y774N2103</cusip>
        <identifiers>
          <isin value="CNE100005GP9"/>
          <ticker value="001309"/>
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        <balance>3500</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>501319.89</valUSD>
        <pctVal>0.0162865096</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>J&amp;T GLOBAL EXPRESS LIMITE</name>
        <lei>2549009MQXHGQY558V11</lei>
        <title>J&amp;T GLOBAL EXPRESS LIMITE</title>
        <cusip>G4990A104</cusip>
        <identifiers>
          <isin value="KYG4990A1040"/>
          <ticker value="JTGLF"/>
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        <balance>565200</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>603864.06</valUSD>
        <pctVal>0.0196178887</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PERSISTENT SYS. LTD</name>
        <lei>3358006QYD77Z66S1J89</lei>
        <title>PERSISTENT SYS. LTD</title>
        <cusip>Y68031122</cusip>
        <identifiers>
          <isin value="INE262H01021"/>
          <ticker value="PERSISTENT"/>
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        <balance>24179</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1111082.35</valUSD>
        <pctVal>0.0360960211</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VARUN BEVERAGES LTD</name>
        <lei>33580058NWEMWBDNMD48</lei>
        <title>VARUN BEVERAGES LTD</title>
        <cusip>Y9T53H143</cusip>
        <identifiers>
          <isin value="INE200M01039"/>
          <ticker value="VBL"/>
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        <balance>317679</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1716304.34</valUSD>
        <pctVal>0.0557580252</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TELEFONICA BRASIL SA</name>
        <lei>529900MTGG2HSDBIWG79</lei>
        <title>TELEFONICA BRASIL SA</title>
        <cusip>P9T369176</cusip>
        <identifiers>
          <isin value="BRVIVTACNOR0"/>
          <ticker value="VIVT3"/>
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        <balance>173280</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>1140587.41</valUSD>
        <pctVal>0.0370545597</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BUPA ARABIA FOR COOPERATI</name>
        <lei>558600B2WJHD5P31XS68</lei>
        <title>BUPA ARABIA FOR COOPERATI</title>
        <cusip>M20515116</cusip>
        <identifiers>
          <isin value="SA1210540914"/>
          <ticker value="8210"/>
        </identifiers>
        <balance>18772</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>876509.16</valUSD>
        <pctVal>0.0284753809</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MESAIEED PETROCHEMICAL HL</name>
        <lei>N/A</lei>
        <title>MESAIEED PETROCHEMICAL HL</title>
        <cusip>M6872B103</cusip>
        <identifiers>
          <isin value="QA000VSUG130"/>
          <ticker value="MPHC"/>
        </identifiers>
        <balance>1331784</balance>
        <units>NS</units>
        <currencyConditional curCd="QAR" exchangeRt="3.641"/>
        <valUSD>426057.26</valUSD>
        <pctVal>0.0138414330</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>QA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALUMINUM CORP OF CHINA LT</name>
        <lei>529900TKZUWQLIQN6T48</lei>
        <title>ALUMINUM CORP OF CHINA LT</title>
        <cusip>Y0094N125</cusip>
        <identifiers>
          <isin value="CNE1000000T0"/>
          <ticker value="601600"/>
        </identifiers>
        <balance>170300</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>206132.09</valUSD>
        <pctVal>0.0066966668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NINGBO SANXING MEDICAL EL</name>
        <lei>300300F7H3O0GJJG4V34</lei>
        <title>NINGBO SANXING MEDICAL EL</title>
        <cusip>Y6298G105</cusip>
        <identifiers>
          <isin value="CNE100001567"/>
          <ticker value="601567"/>
        </identifiers>
        <balance>28200</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>62083.79</valUSD>
        <pctVal>0.0020169322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PETRO RIO SA</name>
        <lei>N/A</lei>
        <title>PETRO RIO SA</title>
        <cusip>P7S19Q109</cusip>
        <identifiers>
          <isin value="BRPRIOACNOR1"/>
          <ticker value="HRTPF"/>
        </identifiers>
        <balance>202000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>2044534.41</valUSD>
        <pctVal>0.0664213208</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>SHANXI COKING COAL ENERGY</name>
        <lei>3003006IEAP7EBNLIL41</lei>
        <title>SHANXI COKING COAL ENERGY</title>
        <cusip>Y7701C103</cusip>
        <identifiers>
          <isin value="CNE0000013Y5"/>
          <ticker value="SHXIF"/>
        </identifiers>
        <balance>79120</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>67368.86</valUSD>
        <pctVal>0.0021886297</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HENAN SHUANGHUI INV. &amp; DE</name>
        <lei>N/A</lei>
        <title>HENAN SHUANGHUI INV. &amp; DE</title>
        <cusip>Y3121R101</cusip>
        <identifiers>
          <isin value="CNE000000XM3"/>
          <ticker value="HSUIF"/>
        </identifiers>
        <balance>47600</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>157147.75</valUSD>
        <pctVal>0.0051052998</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUZHOU DONGSHAN PRECISION</name>
        <lei>300300PUYVPZAJYVAE50</lei>
        <title>SUZHOU DONGSHAN PRECISION</title>
        <cusip>Y8318L106</cusip>
        <identifiers>
          <isin value="CNE100000N79"/>
          <ticker value="002384"/>
        </identifiers>
        <balance>25700</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>1005674.51</valUSD>
        <pctVal>0.0326716092</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GUANGZHOU HAIGE COMMS. GR</name>
        <lei>300300DDUUICKXUNQI85</lei>
        <title>GUANGZHOU HAIGE COMMS. GR</title>
        <cusip>Y29328104</cusip>
        <identifiers>
          <isin value="CNE100000T24"/>
          <ticker value="002465"/>
        </identifiers>
        <balance>39500</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>74603.15</valUSD>
        <pctVal>0.0024236519</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHENZHEN EVERWIN PRECISIO</name>
        <lei>N/A</lei>
        <title>SHENZHEN EVERWIN PRECISIO</title>
        <cusip>Y7744V100</cusip>
        <identifiers>
          <isin value="CNE100000T40"/>
          <ticker value="300115"/>
        </identifiers>
        <balance>20500</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>85313.22</valUSD>
        <pctVal>0.0027715928</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CCOOP GRP. CO LTD</name>
        <lei>30030095OU2G4MML7E28</lei>
        <title>CCOOP GRP. CO LTD</title>
        <cusip>Y97225109</cusip>
        <identifiers>
          <isin value="CNE0000003W0"/>
          <ticker value="000564"/>
        </identifiers>
        <balance>289800</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>57027.69</valUSD>
        <pctVal>0.0018526734</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TONGCHENG TRAVEL</name>
        <lei>2549004WGGNOPL8NUL61</lei>
        <title>TONGCHENG TRAVEL</title>
        <cusip>G8918W106</cusip>
        <identifiers>
          <isin value="KYG8918W1069"/>
          <ticker value="TNGCF"/>
        </identifiers>
        <balance>313600</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>480624.28</valUSD>
        <pctVal>0.0156141659</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WUXI APPTEC CO LTD</name>
        <lei>254900OEPQLZSPLN9175</lei>
        <title>WUXI APPTEC CO LTD</title>
        <cusip>Y971B1100</cusip>
        <identifiers>
          <isin value="CNE1000031K4"/>
          <ticker value="603259"/>
        </identifiers>
        <balance>38492</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>708604.81</valUSD>
        <pctVal>0.0230206286</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHENZHEN MEGMEET ELECTRIC</name>
        <lei>N/A</lei>
        <title>SHENZHEN MEGMEET ELECTRIC</title>
        <cusip>Y774C7104</cusip>
        <identifiers>
          <isin value="CNE100002JV8"/>
          <ticker value="002851"/>
        </identifiers>
        <balance>8800</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>218841.17</valUSD>
        <pctVal>0.0071095500</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HANGZHOU FIRST APPLIED MA</name>
        <lei>8368001FT238FD11Z218</lei>
        <title>HANGZHOU FIRST APPLIED MA</title>
        <cusip>Y29846105</cusip>
        <identifiers>
          <isin value="CNE100001VX1"/>
          <ticker value="603806"/>
        </identifiers>
        <balance>34659</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>86371.56</valUSD>
        <pctVal>0.0028059753</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA ZHESHANG BANK CO LT</name>
        <lei>300300C1031633000208</lei>
        <title>CHINA ZHESHANG BANK CO LT</title>
        <cusip>Y1R658114</cusip>
        <identifiers>
          <isin value="CNE100003PS9"/>
          <ticker value="601916"/>
        </identifiers>
        <balance>252330</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>97818.95</valUSD>
        <pctVal>0.0031778697</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MAX HEALTHCARE INSTITUTE</name>
        <lei>3358005LALYV4GZOYF67</lei>
        <title>MAX HEALTHCARE INSTITUTE</title>
        <cusip>Y5S464109</cusip>
        <identifiers>
          <isin value="INE027H01010"/>
          <ticker value="MAXHEALTH"/>
        </identifiers>
        <balance>172954</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>2075511.36</valUSD>
        <pctVal>0.0674276770</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HWATSING TECH. CO LTD</name>
        <lei>N/A</lei>
        <title>HWATSING TECH. CO LTD</title>
        <cusip>Y3793J106</cusip>
        <identifiers>
          <isin value="CNE100005QL7"/>
          <ticker value="688120"/>
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        <balance>5300</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.7854"/>
        <valUSD>253592.93</valUSD>
        <pctVal>0.0082385394</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>APR CORP/KOREA</name>
        <lei>N/A</lei>
        <title>APR CORP/KOREA</title>
        <cusip>Y0R9CJ118</cusip>
        <identifiers>
          <isin value="KR7278470000"/>
          <ticker value="A278470"/>
        </identifiers>
        <balance>5567</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>1392970.2</valUSD>
        <pctVal>0.0452537850</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CANARA BANK</name>
        <lei>335800E4RH82Z8XC3C30</lei>
        <title>CANARA BANK</title>
        <cusip>Y1081F125</cusip>
        <identifiers>
          <isin value="INE476A01022"/>
          <ticker value="CANBK"/>
        </identifiers>
        <balance>424305</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>565051.1</valUSD>
        <pctVal>0.0183569620</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>XTALPI HOLDINGS LIMITED</name>
        <lei>8368004IS42UJ5SVEV76</lei>
        <title>XTALPI HOLDINGS LIMITED</title>
        <cusip>G7S12M105</cusip>
        <identifiers>
          <isin value="KYG7S12M1051"/>
          <ticker value="QNTPF"/>
        </identifiers>
        <balance>401000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>393681.33</valUSD>
        <pctVal>0.0127896277</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VISHAL MEGA MART LTD INR1</name>
        <lei>335800AL4QPSIFSU3936</lei>
        <title>VISHAL MEGA MART LTD INR1</title>
        <cusip>Y73033105</cusip>
        <identifiers>
          <isin value="INE01EA01019"/>
          <ticker value="VMM"/>
        </identifiers>
        <balance>524230</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>655164</valUSD>
        <pctVal>0.0212844832</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GRUPO CARSO SAB DE CV</name>
        <lei>5493007R35VF4W6YVW92</lei>
        <title>GRUPO CARSO SAB DE CV</title>
        <cusip>P46118108</cusip>
        <identifiers>
          <isin value="MXP461181085"/>
          <ticker value="GPOVF"/>
        </identifiers>
        <balance>128806</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.4875"/>
        <valUSD>961284.98</valUSD>
        <pctVal>0.0312295150</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>ZHEN DING TECH. HLDG. LTD</name>
        <lei>549300H7R4K33675UP38</lei>
        <title>ZHEN DING TECH. HLDG. LTD</title>
        <cusip>G98922100</cusip>
        <identifiers>
          <isin value="KYG989221000"/>
          <ticker value="4958"/>
        </identifiers>
        <balance>179850</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>3596151.86</valUSD>
        <pctVal>0.1168291202</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AAC TECHS. HLDGS. INC</name>
        <lei>549300SKEDE1VKS0A552</lei>
        <title>AAC TECHS. HLDGS. INC</title>
        <cusip>G2953R114</cusip>
        <identifiers>
          <isin value="KYG2953R1149"/>
          <ticker value="AACAF"/>
        </identifiers>
        <balance>202000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>1114315.66</valUSD>
        <pctVal>0.0362010625</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PEOPLE S INS. CO GRP. OF</name>
        <lei>3003000P2JHYHQ524P66</lei>
        <title>PEOPLE S INS. CO GRP. OF</title>
        <cusip>Y6800A109</cusip>
        <identifiers>
          <isin value="CNE100001MK7"/>
          <ticker value="PINXF"/>
        </identifiers>
        <balance>2050535</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>1230450.15</valUSD>
        <pctVal>0.0399739539</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>QATAR INTL. ISLAMIC BANK</name>
        <lei>2549007SZGKT5N5ND952</lei>
        <title>QATAR INTL. ISLAMIC BANK</title>
        <cusip>M8179X101</cusip>
        <identifiers>
          <isin value="QA0006929879"/>
          <ticker value="QIIK"/>
        </identifiers>
        <balance>229820</balance>
        <units>NS</units>
        <currencyConditional curCd="QAR" exchangeRt="3.641"/>
        <valUSD>701425.44</valUSD>
        <pctVal>0.0227873906</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>QA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ITAU UNIBANCO HLDG. SA</name>
        <lei>5493002W2IVG62O3ZJ94</lei>
        <title>ITAU UNIBANCO HLDG. SA</title>
        <cusip>P5968U105</cusip>
        <identifiers>
          <isin value="BRITUBACNOR4"/>
          <ticker value="ITUB3"/>
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        <balance>118200</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.1623"/>
        <valUSD>1013640.04</valUSD>
        <pctVal>0.0329303875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OIL INDIA LTD</name>
        <lei>335800XXEP14XISP1A16</lei>
        <title>OIL INDIA LTD</title>
        <cusip>Y64210100</cusip>
        <identifiers>
          <isin value="INE274J01014"/>
          <ticker value="OIL"/>
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        <balance>81292</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>357455.23</valUSD>
        <pctVal>0.0116127410</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PGE POLSKA GRUPA ENERGETY</name>
        <lei>259400MP9VXR0E69MJ89</lei>
        <title>PGE POLSKA GRUPA ENERGETY</title>
        <cusip>X6447Z104</cusip>
        <identifiers>
          <isin value="PLPGER000010"/>
          <ticker value="PPOEF"/>
        </identifiers>
        <balance>211357</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.7618"/>
        <valUSD>530765.77</valUSD>
        <pctVal>0.0172431255</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASSECO POLAND SA</name>
        <lei>259400O79EWIK4XZPL40</lei>
        <title>ASSECO POLAND SA</title>
        <cusip>X02540130</cusip>
        <identifiers>
          <isin value="PLSOFTB00016"/>
          <ticker value="ASOZF"/>
        </identifiers>
        <balance>13695</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.7618"/>
        <valUSD>610248.23</valUSD>
        <pctVal>0.0198252929</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POWSZECHNA KASA OSZCZEDNO</name>
        <lei>P4GTT6GF1W40CVIMFR43</lei>
        <title>POWSZECHNA KASA OSZCZEDNO</title>
        <cusip>X6919X108</cusip>
        <identifiers>
          <isin value="PLPKO0000016"/>
          <ticker value="PSZKF"/>
        </identifiers>
        <balance>209766</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.7618"/>
        <valUSD>5756200.98</valUSD>
        <pctVal>0.1870031974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AKBANK TAS</name>
        <lei>789000TUMN63Z28TJ497</lei>
        <title>AKBANK TAS</title>
        <cusip>M0300L106</cusip>
        <identifiers>
          <isin value="TRAAKBNK91N6"/>
          <ticker value="AKBNF"/>
        </identifiers>
        <balance>683144.175</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="46.64625"/>
        <valUSD>1131286.45</valUSD>
        <pctVal>0.0367523970</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEVERSTAL PAO</name>
        <lei>213800OKDPTV6K4ONO53</lei>
        <title>SEVERSTAL PAO</title>
        <cusip>X7803S106</cusip>
        <identifiers>
          <isin value="RU0009046510"/>
          <ticker value="JSCCF"/>
        </identifiers>
        <balance>55330</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="78.700000"/>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POLYUS PJSC</name>
        <lei>549300FUXVT7TF6ZKV71</lei>
        <title>POLYUS PJSC</title>
        <cusip>X59432108</cusip>
        <identifiers>
          <isin value="RU000A0JNAA8"/>
          <ticker value="PLZL"/>
        </identifiers>
        <balance>93590</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="78.700000"/>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA PACIFIC INS. GRP. C</name>
        <lei>529900BA5ILEL308WX03</lei>
        <title>CHINA PACIFIC INS. GRP. C</title>
        <cusip>Y1505Z103</cusip>
        <identifiers>
          <isin value="CNE1000009Q7"/>
          <ticker value="CHPXF"/>
        </identifiers>
        <balance>639337</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>2197864.17</valUSD>
        <pctVal>0.0714025846</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FIBRA UNO ADMINISTRACION</name>
        <lei>N/A</lei>
        <title>FIBRA UNO ADMINISTRACION</title>
        <cusip>P3515D163</cusip>
        <identifiers>
          <isin value="MXCFFU000001"/>
          <ticker value="FBASF"/>
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        <balance>703801</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.4875"/>
        <valUSD>1209390.71</valUSD>
        <pctVal>0.0392897904</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>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW CHINA LIFE INS. CO LT</name>
        <lei>300300F2001111000095</lei>
        <title>NEW CHINA LIFE INS. CO LT</title>
        <cusip>Y625A4115</cusip>
        <identifiers>
          <isin value="CNE100001922"/>
          <ticker value="NWWCF"/>
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        <balance>222452</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>1311688.07</valUSD>
        <pctVal>0.0426131513</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HAVELLS INDIA LTD</name>
        <lei>549300U1LOGHTTNT7D47</lei>
        <title>HAVELLS INDIA LTD</title>
        <cusip>Y3116C119</cusip>
        <identifiers>
          <isin value="INE176B01034"/>
          <ticker value="HAVELLS"/>
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        <balance>46664</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>576252.51</valUSD>
        <pctVal>0.0187208651</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LENOVO GRP. LTD</name>
        <lei>254900VUZRGD5U73RE46</lei>
        <title>LENOVO GRP. LTD</title>
        <cusip>Y5257Y107</cusip>
        <identifiers>
          <isin value="HK0992009065"/>
          <ticker value="LNVGF"/>
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        <balance>1810000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>5407284.98</valUSD>
        <pctVal>0.1756678727</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>ADVANTECH CO LTD</name>
        <lei>2549002OSTKE9HB9IY03</lei>
        <title>ADVANTECH CO LTD</title>
        <cusip>Y0017P108</cusip>
        <identifiers>
          <isin value="TW0002395001"/>
          <ticker value="ADTEF"/>
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        <balance>114661</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>1792727.64</valUSD>
        <pctVal>0.0582408088</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PETROCHINA CO LTD</name>
        <lei>529900RPY4YG47TRSV05</lei>
        <title>PETROCHINA CO LTD</title>
        <cusip>Y6883Q104</cusip>
        <identifiers>
          <isin value="CNE1000003W8"/>
          <ticker value="PCCYF"/>
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        <balance>5053438</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>5440935.69</valUSD>
        <pctVal>0.1767610920</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NOVATEK MICROELEC. CORP</name>
        <lei>N/A</lei>
        <title>NOVATEK MICROELEC. CORP</title>
        <cusip>Y64153102</cusip>
        <identifiers>
          <isin value="TW0003034005"/>
          <ticker value="NVKMF"/>
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        <balance>141988</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>2408000.06</valUSD>
        <pctVal>0.0782293239</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GOLD CIRCUIT ELECTRONICS</name>
        <lei>N/A</lei>
        <title>GOLD CIRCUIT ELECTRONICS</title>
        <cusip>Y27431108</cusip>
        <identifiers>
          <isin value="TW0002368008"/>
          <ticker value="GOCCF"/>
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        <balance>79070</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>3009797.38</valUSD>
        <pctVal>0.0977800698</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GIGABYTE TECH. CO LTD</name>
        <lei>2549001BU3CG63KSN047</lei>
        <title>GIGABYTE TECH. CO LTD</title>
        <cusip>Y2711J107</cusip>
        <identifiers>
          <isin value="TW0002376001"/>
          <ticker value="GGBYF"/>
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        <balance>126994</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>1392636.03</valUSD>
        <pctVal>0.0452429287</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TAIWAN MOBILE CO LTD</name>
        <lei>N/A</lei>
        <title>TAIWAN MOBILE CO LTD</title>
        <cusip>Y84153215</cusip>
        <identifiers>
          <isin value="TW0003045001"/>
          <ticker value="3045"/>
        </identifiers>
        <balance>408076</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>1493531.82</valUSD>
        <pctVal>0.0485207564</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHOPRITE HLDGS. LTD</name>
        <lei>529900Q4O1EYP6NH5150</lei>
        <title>SHOPRITE HLDGS. LTD</title>
        <cusip>S76263102</cusip>
        <identifiers>
          <isin value="ZAE000012084"/>
          <ticker value="SRHGF"/>
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        <balance>112851</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.38"/>
        <valUSD>2031611.43</valUSD>
        <pctVal>0.0660014886</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MEGA FINL. HLDG. CO LTD</name>
        <lei>N/A</lei>
        <title>MEGA FINL. HLDG. CO LTD</title>
        <cusip>Y59456106</cusip>
        <identifiers>
          <isin value="TW0002886009"/>
          <ticker value="MGFNF"/>
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        <balance>2755700</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>3998229.33</valUSD>
        <pctVal>0.1298915155</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK MANDIRI PERSERO TBK</name>
        <lei>549300RSKQN4Z5ZSGH94</lei>
        <title>BANK MANDIRI PERSERO TBK</title>
        <cusip>Y7123S108</cusip>
        <identifiers>
          <isin value="ID1000095003"/>
          <ticker value="PPERF"/>
        </identifiers>
        <balance>9039120</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="17880"/>
        <valUSD>1952378.56</valUSD>
        <pctVal>0.0634274298</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF THE PHILIPPINE IS</name>
        <lei>549300UW4UH6XT2X8C50</lei>
        <title>BANK OF THE PHILIPPINE IS</title>
        <cusip>Y0967S169</cusip>
        <identifiers>
          <isin value="PHY0967S1694"/>
          <ticker value="BPHLF"/>
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        <balance>417595</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="61.37"/>
        <valUSD>655226.85</valUSD>
        <pctVal>0.0212865250</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KRUNG THAI BANK PCL</name>
        <lei>54930007ZQMYCRFQGE36</lei>
        <title>KRUNG THAI BANK PCL</title>
        <cusip>Y49885174</cusip>
        <identifiers>
          <isin value="TH0150010R11"/>
          <ticker value="KTHAF"/>
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        <balance>277393</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.2205"/>
        <valUSD>319144.03</valUSD>
        <pctVal>0.0103681151</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TATA COMMS. LTD</name>
        <lei>3358004PBWAYF65RLI81</lei>
        <title>TATA COMMS. LTD</title>
        <cusip>Y8550P112</cusip>
        <identifiers>
          <isin value="INE151A01013"/>
          <ticker value="VSLSF"/>
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        <balance>25549</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>533610.36</valUSD>
        <pctVal>0.0173355385</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF COMMS. CO LTD</name>
        <lei>549300AX1UM10U30HK09</lei>
        <title>BANK OF COMMS. CO LTD</title>
        <cusip>Y06988102</cusip>
        <identifiers>
          <isin value="CNE100000205"/>
          <ticker value="BKFCF"/>
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        <balance>1957117</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>1684089.85</valUSD>
        <pctVal>0.0547114647</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COSCO SHIPPING HLDGS. CO</name>
        <lei>3003009XI0QGYYA29S17</lei>
        <title>COSCO SHIPPING HLDGS. CO</title>
        <cusip>Y1839M109</cusip>
        <identifiers>
          <isin value="CNE1000002J7"/>
          <ticker value="CICOF"/>
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        <balance>615650</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>1022069.03</valUSD>
        <pctVal>0.0332042222</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BHARAT FORGE LTD</name>
        <lei>3358009U5Z2BU2X3L230</lei>
        <title>BHARAT FORGE LTD</title>
        <cusip>Y08825179</cusip>
        <identifiers>
          <isin value="INE465A01025"/>
          <ticker value="BHARATFORG"/>
        </identifiers>
        <balance>56098</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1278478.76</valUSD>
        <pctVal>0.0415342718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HYUNDAI GLOVIS CO LTD</name>
        <lei>988400U6RDXNJ5ZRN304</lei>
        <title>HYUNDAI GLOVIS CO LTD</title>
        <cusip>Y27294100</cusip>
        <identifiers>
          <isin value="KR7086280005"/>
          <ticker value="GLVIF"/>
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        <balance>9032</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>1073080.83</valUSD>
        <pctVal>0.0348614558</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PTT EXPLORATION &amp; PRODUCT</name>
        <lei>2549001O8YYGP5N7Q076</lei>
        <title>PTT EXPLORATION &amp; PRODUCT</title>
        <cusip>Y7145P165</cusip>
        <identifiers>
          <isin value="TH0355A10Z12"/>
          <ticker value="PTXLF"/>
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        <balance>242500</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.2205"/>
        <valUSD>978161.08</valUSD>
        <pctVal>0.0317777733</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PIDILITE INDS. LTD</name>
        <lei>335800APXGEBZ349GN74</lei>
        <title>PIDILITE INDS. LTD</title>
        <cusip>Y6977T139</cusip>
        <identifiers>
          <isin value="INE318A01026"/>
          <ticker value="PDLFF"/>
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        <balance>72190</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1218661.9</valUSD>
        <pctVal>0.0395909859</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ADANI ENTS. LTD</name>
        <lei>335800OTN96B3M38HC30</lei>
        <title>ADANI ENTS. LTD</title>
        <cusip>Y00106131</cusip>
        <identifiers>
          <isin value="INE423A01024"/>
          <ticker value="ANIEF"/>
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        <balance>43930</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>1420564.51</valUSD>
        <pctVal>0.0461502485</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA O/SEAS. LAND &amp; INV.</name>
        <lei>529900I6W35GYKRIZ151</lei>
        <title>CHINA O/SEAS. LAND &amp; INV.</title>
        <cusip>Y15004107</cusip>
        <identifiers>
          <isin value="HK0688002218"/>
          <ticker value="CAOVF"/>
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        <balance>960195</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>1483555.58</valUSD>
        <pctVal>0.0481966557</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA RES. LAND LTD</name>
        <lei>5299001HL0TU7X15HK51</lei>
        <title>CHINA RES. LAND LTD</title>
        <cusip>G2108Y105</cusip>
        <identifiers>
          <isin value="KYG2108Y1052"/>
          <ticker value="CRBJF"/>
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        <balance>719432</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>2762363.5</valUSD>
        <pctVal>0.0897416210</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GRUPO AEROPORTUARIO DEL C</name>
        <lei>529900HUSBARAFSXJ605</lei>
        <title>GRUPO AEROPORTUARIO DEL C</title>
        <cusip>P49530101</cusip>
        <identifiers>
          <isin value="MX01OM000018"/>
          <ticker value="GAERF"/>
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        <balance>62270</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.4875"/>
        <valUSD>880130.14</valUSD>
        <pctVal>0.0285930166</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>
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      </invstOrSec>
      <invstOrSec>
        <name>ZHUZHOU CRRC TIMES ELEC.</name>
        <lei>529900PLNH7NQLN00B53</lei>
        <title>ZHUZHOU CRRC TIMES ELEC.</title>
        <cusip>Y9892N104</cusip>
        <identifiers>
          <isin value="CNE1000004X4"/>
          <ticker value="ZHUZF"/>
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        <balance>106074</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>544166.12</valUSD>
        <pctVal>0.0176784662</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VODAFONE IDEA LTD</name>
        <lei>335800UBBFAK7HCF3209</lei>
        <title>VODAFONE IDEA LTD</title>
        <cusip>Y3857E100</cusip>
        <identifiers>
          <isin value="INE669E01016"/>
          <ticker value="IDEAF"/>
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        <balance>6020213</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>925415.85</valUSD>
        <pctVal>0.0300642253</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HON HAI PRECISION IND. CO</name>
        <lei>30030004CM3GSZXX7O56</lei>
        <title>HON HAI PRECISION IND. CO</title>
        <cusip>Y36861105</cusip>
        <identifiers>
          <isin value="TW0002317005"/>
          <ticker value="HNHAF"/>
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        <balance>2946248</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.8565"/>
        <valUSD>23618440.03</valUSD>
        <pctVal>0.7672984004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HYUNDAI MOBIS CO LTD</name>
        <lei>988400HJA9E0ZVDHRS65</lei>
        <title>HYUNDAI MOBIS CO LTD</title>
        <cusip>Y3849A109</cusip>
        <identifiers>
          <isin value="KR7012330007"/>
          <ticker value="HYPLF"/>
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        <balance>14203</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>4620141.57</valUSD>
        <pctVal>0.1500957401</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA MOLYBDENUM CO LTD</name>
        <lei>2549008KG3638J59U652</lei>
        <title>CHINA MOLYBDENUM CO LTD</title>
        <cusip>Y1503Z105</cusip>
        <identifiers>
          <isin value="CNE100000114"/>
          <ticker value="CMCLF"/>
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        <balance>885000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>1727978.99</valUSD>
        <pctVal>0.0561373026</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUNNY OPTICAL TECH. GRP.</name>
        <lei>3003004QIVP0DFVVWM94</lei>
        <title>SUNNY OPTICAL TECH. GRP.</title>
        <cusip>G8586D109</cusip>
        <identifiers>
          <isin value="KYG8586D1097"/>
          <ticker value="SNPTF"/>
        </identifiers>
        <balance>159325</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>1245003.68</valUSD>
        <pctVal>0.0404467582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAMSUNG ELECTRO-MECHANICS</name>
        <lei>N/A</lei>
        <title>SAMSUNG ELECTRO-MECHANICS</title>
        <cusip>Y7470U102</cusip>
        <identifiers>
          <isin value="KR7009150004"/>
          <ticker value="SMSGF"/>
        </identifiers>
        <balance>13494</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>19509360.32</valUSD>
        <pctVal>0.6338056598</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANTA SPORTS PRODS. LTD</name>
        <lei>529900291XG0CTK4LF95</lei>
        <title>ANTA SPORTS PRODS. LTD</title>
        <cusip>G04011105</cusip>
        <identifiers>
          <isin value="KYG040111059"/>
          <ticker value="ANPDF"/>
        </identifiers>
        <balance>302032</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>2743629.15</valUSD>
        <pctVal>0.0891329933</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TELEKOM MALAYSIA BHD</name>
        <lei>254900SNFPTSDGGVEK77</lei>
        <title>TELEKOM MALAYSIA BHD</title>
        <cusip>Y8578H118</cusip>
        <identifiers>
          <isin value="MYL4863OO006"/>
          <ticker value="MYTEF"/>
        </identifiers>
        <balance>280286</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.0775"/>
        <valUSD>512366.2</valUSD>
        <pctVal>0.0166453739</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GUANGDONG INV. LTD</name>
        <lei>N/A</lei>
        <title>GUANGDONG INV. LTD</title>
        <cusip>Y2929L100</cusip>
        <identifiers>
          <isin value="HK0270001396"/>
          <ticker value="GGDVF"/>
        </identifiers>
        <balance>638514</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>633353.37</valUSD>
        <pctVal>0.0205759156</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MANILA ELEC. CO</name>
        <lei>254900RDFLCM12O8SK69</lei>
        <title>MANILA ELEC. CO</title>
        <cusip>Y5764J148</cusip>
        <identifiers>
          <isin value="PHY5764J1483"/>
          <ticker value="MERVF"/>
        </identifiers>
        <balance>51150</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="61.37"/>
        <valUSD>475200.92</valUSD>
        <pctVal>0.0154379758</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEBRAS ENERGY</name>
        <lei>2763MA9U3F8LNMP1G116</lei>
        <title>NEBRAS ENERGY</title>
        <cusip>M8179S102</cusip>
        <identifiers>
          <isin value="QA0006929812"/>
          <ticker value="QEWS"/>
        </identifiers>
        <balance>100340</balance>
        <units>NS</units>
        <currencyConditional curCd="QAR" exchangeRt="3.641"/>
        <valUSD>394393.7</valUSD>
        <pctVal>0.0128127706</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>QA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAMSUNG LIFE INS. CO LTD</name>
        <lei>988400VYE6E0WYSM4S92</lei>
        <title>SAMSUNG LIFE INS. CO LTD</title>
        <cusip>Y74860100</cusip>
        <identifiers>
          <isin value="KR7032830002"/>
          <ticker value="SSMMF"/>
        </identifiers>
        <balance>19493</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>5088716.08</valUSD>
        <pctVal>0.1653184420</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KUWAIT FIN. HOUSE KSCP</name>
        <lei>2549007KX0N057S9BC98</lei>
        <title>KUWAIT FIN. HOUSE KSCP</title>
        <cusip>M64176106</cusip>
        <identifiers>
          <isin value="KW0EQ0100085"/>
          <ticker value="KFH"/>
        </identifiers>
        <balance>2772677.92</balance>
        <units>NS</units>
        <currencyConditional curCd="KWD" exchangeRt=".3098"/>
        <valUSD>6868208.81</valUSD>
        <pctVal>0.2231292849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHAROEN POKPHAND INDONESI</name>
        <lei>529900JL5SA37OU87X40</lei>
        <title>CHAROEN POKPHAND INDONESI</title>
        <cusip>Y71207164</cusip>
        <identifiers>
          <isin value="ID1000117708"/>
          <ticker value="PPOKF"/>
        </identifiers>
        <balance>1721835</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="17880"/>
        <valUSD>327159.63</valUSD>
        <pctVal>0.0106285199</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHONGQING RURAL COMMER. B</name>
        <lei>300300C1126750000027</lei>
        <title>CHONGQING RURAL COMMER. B</title>
        <cusip>Y1594G107</cusip>
        <identifiers>
          <isin value="CNE100000X44"/>
          <ticker value="COGQF"/>
        </identifiers>
        <balance>577000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>425354.79</valUSD>
        <pctVal>0.0138186116</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LPP SA</name>
        <lei>259400NUS7MKGPJL4752</lei>
        <title>LPP SA</title>
        <cusip>X5053G103</cusip>
        <identifiers>
          <isin value="PLLPP0000011"/>
          <ticker value="LPGDF"/>
        </identifiers>
        <balance>283</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.7618"/>
        <valUSD>1376133</valUSD>
        <pctVal>0.0447067905</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CD PROJEKT SA</name>
        <lei>259400TYO5Q8SH8TL437</lei>
        <title>CD PROJEKT SA</title>
        <cusip>X0957E106</cusip>
        <identifiers>
          <isin value="PLOPTTC00011"/>
          <ticker value="OTGLF"/>
        </identifiers>
        <balance>16785</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.7618"/>
        <valUSD>1002028.72</valUSD>
        <pctVal>0.0325531675</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAUDI BASIC INDS. CORP</name>
        <lei>213800ZCTFZZZJSK8645</lei>
        <title>SAUDI BASIC INDS. CORP</title>
        <cusip>M8T36U109</cusip>
        <identifiers>
          <isin value="SA0007879121"/>
          <ticker value="2010"/>
        </identifiers>
        <balance>206233</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.7572"/>
        <valUSD>2830041.9</valUSD>
        <pctVal>0.0919403068</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FAR EAST HORIZON LTD</name>
        <lei>549300S9XRGO1ZPUHE62</lei>
        <title>FAR EAST HORIZON LTD</title>
        <cusip>Y24286109</cusip>
        <identifiers>
          <isin value="HK0000077468"/>
          <ticker value="FEZHF"/>
        </identifiers>
        <balance>422000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>288564.22</valUSD>
        <pctVal>0.0093746608</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VALTERRA PLATINUM LIMITED</name>
        <lei>529900RORCZ0E5S5FX81</lei>
        <title>VALTERRA PLATINUM LIMITED</title>
        <cusip>S9122P108</cusip>
        <identifiers>
          <isin value="ZAE000013181"/>
          <ticker value="AGPPF"/>
        </identifiers>
        <balance>64021</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.38"/>
        <valUSD>4292642.74</valUSD>
        <pctVal>0.1394562005</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUNWAY BHD</name>
        <lei>254900IFSF5T1D6JKU83</lei>
        <title>SUNWAY BHD</title>
        <cusip>Y8309C115</cusip>
        <identifiers>
          <isin value="MYL5211OO007"/>
          <ticker value="SNWDF"/>
        </identifiers>
        <balance>626800</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.0775"/>
        <valUSD>791775.09</valUSD>
        <pctVal>0.0257226032</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VEDANTA LTD</name>
        <lei>335800XDKX9KB5EMCO07</lei>
        <title>VEDANTA LTD</title>
        <cusip>Y9364D105</cusip>
        <identifiers>
          <isin value="INE205A01025"/>
          <ticker value="1496653D"/>
        </identifiers>
        <balance>321576</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.65875"/>
        <valUSD>961114.61</valUSD>
        <pctVal>0.0312239802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CELLTRION INC</name>
        <lei>988400JFZG785WJX3D68</lei>
        <title>CELLTRION INC</title>
        <cusip>Y1242A106</cusip>
        <identifiers>
          <isin value="KR7068270008"/>
          <ticker value="A068270"/>
        </identifiers>
        <balance>36683.6</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1549.3"/>
        <valUSD>4121013.86</valUSD>
        <pctVal>0.1338804484</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENN ENERGY HLDGS. LTD</name>
        <lei>549300V7BXPWT6WIPR03</lei>
        <title>ENN ENERGY HLDGS. LTD</title>
        <cusip>G3066L101</cusip>
        <identifiers>
          <isin value="KYG3066L1014"/>
          <ticker value="XNGSF"/>
        </identifiers>
        <balance>167679</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>866208.85</valUSD>
        <pctVal>0.0281407521</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK RAKYAT INDONESIA PER</name>
        <lei>254900HB6S4B12GBNP64</lei>
        <title>BANK RAKYAT INDONESIA PER</title>
        <cusip>Y0697U112</cusip>
        <identifiers>
          <isin value="ID1000118201"/>
          <ticker value="BKRKF"/>
        </identifiers>
        <balance>14297365</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="17880"/>
        <valUSD>2192079.08</valUSD>
        <pctVal>0.0712146429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALIBABA HEALTH INFO. TECH</name>
        <lei>529900GE9653COPX1I86</lei>
        <title>ALIBABA HEALTH INFO. TECH</title>
        <cusip>G0171K101</cusip>
        <identifiers>
          <isin value="BMG0171K1018"/>
          <ticker value="ALBHF"/>
        </identifiers>
        <balance>1154000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>455490.99</valUSD>
        <pctVal>0.0147976542</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="47086.910000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>HUA HONG GRACE</name>
        <lei>529900OXH3ZYLIMGB907</lei>
        <title>HUA HONG GRACE</title>
        <cusip>Y372A7109</cusip>
        <identifiers>
          <isin value="HK0000218211"/>
          <ticker value="HHUSF"/>
        </identifiers>
        <balance>176000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84285"/>
        <valUSD>4904548.28</valUSD>
        <pctVal>0.1593353348</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CURRENCY CONTRACT - USD</name>
        <lei>N/A</lei>
        <title>CURRENCY CONTRACT - USD</title>
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        <fairValLevel>1</fairValLevel>
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    <signature>
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      <ncom:title>Treasurer and Principal Financial Officer</ncom:title>
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</edgarSubmission>
