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        <identifiers>
          <isin value="KW0EQ0607022"/>
        </identifiers>
        <balance>187152.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KWD" exchangeRt="0.309400"/>
        <valUSD>1697410.130000</valUSD>
        <pctVal>1.6309694629</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>CAPITEC BANK HOLDINGS LTD</name>
        <lei>N/A</lei>
        <title>CAPITEC LIMITED</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000035861"/>
        </identifiers>
        <balance>13706.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.521250"/>
        <valUSD>3913543.430000</valUSD>
        <pctVal>3.7603580378</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>CLICKS GROUP LTD</name>
        <lei>378900E967958A677472</lei>
        <title>CLICKS GROUP LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000134854"/>
        </identifiers>
        <balance>65204.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.521250"/>
        <valUSD>872624.040000</valUSD>
        <pctVal>0.8384674609</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>CO FOR COOPERATIVE INSURANCE</name>
        <lei>549300J2GTNKWJRJ8581</lei>
        <title>CO FOR COOPERATIVE INSURANCE/THE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA000A0DPSH3"/>
        </identifiers>
        <balance>36876.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.755500"/>
        <valUSD>1204781.400000</valUSD>
        <pctVal>1.1576233923</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>COMMERCIAL INTL BANK EG (CIB)- GDR REG S</name>
        <lei>213800FIIXJAMEVRIH48</lei>
        <title>COMMERCIAL INTERNATIONAL BANK - EGYPT (CIB)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="US2017122050"/>
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        <balance>321258.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>874536.010000</valUSD>
        <pctVal>0.8403045918</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>DANGOTE CEMENT PLC</name>
        <lei>029200697A0R1BH0A835</lei>
        <title>DANGOTE CEMENT PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NGDANGCEM008"/>
        </identifiers>
        <balance>841866.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NGN" exchangeRt="1365.120000"/>
        <valUSD>636415.900000</valUSD>
        <pctVal>0.6115050689</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DISCOVERY LTD</name>
        <lei>378900245A26169C8132</lei>
        <title>DISCOVERY LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000022331"/>
        </identifiers>
        <balance>91229.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.521250"/>
        <valUSD>1450895.970000</valUSD>
        <pctVal>1.3941044530</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>DR SULAIMAN AL HABIB MEDICAL</name>
        <lei>N/A</lei>
        <title>DR SULAIMAN AL HABIB MEDICAL SERVICES GROUP CO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA1510P1UMH1"/>
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        <balance>10893.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.755500"/>
        <valUSD>681998.610000</valUSD>
        <pctVal>0.6553035633</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DUBAI TAXI CO PJSC</name>
        <lei>N/A</lei>
        <title>DUBAI TAXI CO PJSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AEE01356D236"/>
        </identifiers>
        <balance>719657.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.673000"/>
        <valUSD>417000.530000</valUSD>
        <pctVal>0.4006781381</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>E7 GROUP PJSC</name>
        <lei>N/A</lei>
        <title>E7 GROUP PJSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AEE01073A225"/>
        </identifiers>
        <balance>1793037.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.673000"/>
        <valUSD>462203.840000</valUSD>
        <pctVal>0.4441120831</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>EAST PIPES INTEGRATED CO FOR</name>
        <lei>N/A</lei>
        <title>EAST PIPES INTEGRATED CO FOR INDUSTRY</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA15GH80KKH0"/>
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        <balance>8011.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.755500"/>
        <valUSD>392619.820000</valUSD>
        <pctVal>0.3772517470</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>EMAAR PROPERTIES PJSC</name>
        <lei>254900YWYEXYXK1BMP81</lei>
        <title>EMAAR PROPERTIES PJSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AEE000301011"/>
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        <balance>146069.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.673000"/>
        <valUSD>435953.260000</valUSD>
        <pctVal>0.4188890132</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>ENDEAVOUR MINING PLC</name>
        <lei>529900NI5MXQ91GHXR07</lei>
        <title>ENDEAVOUR MINING PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BL6K5J42"/>
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        <balance>9300.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.741977"/>
        <valUSD>443660.290000</valUSD>
        <pctVal>0.4262943717</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>
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      </invstOrSec>
      <invstOrSec>
        <name>ETIHAD ETISALAT CO</name>
        <lei>2549007BA9ABDE3HVK79</lei>
        <title>ETIHAD ETISALAT CO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA000A0DM9P2"/>
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        <balance>189996.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.755500"/>
        <valUSD>3148317.840000</valUSD>
        <pctVal>3.0250851963</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>FERTIGLOBE PLC</name>
        <lei>984500A99D1B4CPBF744</lei>
        <title>FERTIGLOBE PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AEF000901015"/>
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        <balance>739802.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.673000"/>
        <valUSD>537020.950000</valUSD>
        <pctVal>0.5160006735</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>FIRST ABU DHABI BANK PJSC</name>
        <lei>2138002Y3WMK6RZS8H90</lei>
        <title>FIRST ABU DHABI BANK PJSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AEN000101016"/>
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        <balance>558084.000000</balance>
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        <currencyConditional curCd="AED" exchangeRt="3.673000"/>
        <valUSD>2939394.330000</valUSD>
        <pctVal>2.8243394491</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>FIRSTRAND LTD</name>
        <lei>529900XYOP8CUZU7R671</lei>
        <title>FIRSTRAND LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000066304"/>
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        <balance>804271.000000</balance>
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        <currencyConditional curCd="ZAR" exchangeRt="16.521250"/>
        <valUSD>4810000.740000</valUSD>
        <pctVal>4.6217258779</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>GUARANTY TRUST HOLDING CO PL</name>
        <lei>0292004488G9K8Y1I649</lei>
        <title>GUARANTY TRUST HOLDING CO PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NGGTCO000002"/>
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        <balance>10789987.000000</balance>
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        <currencyConditional curCd="NGN" exchangeRt="1365.120000"/>
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        <pctVal>0.9865862866</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GULF BANK</name>
        <lei>254900600P224MZQZD69</lei>
        <title>GULF BANK KSCP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KW0EQ0100028"/>
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        <balance>933507.000000</balance>
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        <currencyConditional curCd="KWD" exchangeRt="0.309400"/>
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        <pctVal>1.0202166974</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>
        <name>INDUSTRIES QATAR</name>
        <lei>2763E5KI3B6J7HLSFX16</lei>
        <title>INDUSTRIES QATAR QSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="QA000A0KD6K3"/>
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        <balance>275461.000000</balance>
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        <currencyConditional curCd="QAR" exchangeRt="3.641000"/>
        <valUSD>799314.890000</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KEFI GOLD AND COPPER PLC</name>
        <lei>213800OO6ETVDGE3QY15</lei>
        <title>KEFI GOLD AND COPPER PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BD8GP619"/>
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        <balance>36056223.000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.741977"/>
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        <pctVal>0.4964465195</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>
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      <invstOrSec>
        <name>LABEL VIE</name>
        <lei>N/A</lei>
        <title>LABEL VIE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MA0000011801"/>
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        <balance>748.000000</balance>
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        <currencyConditional curCd="MAD" exchangeRt="9.321950"/>
        <valUSD>292108.130000</valUSD>
        <pctVal>0.2806743235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MANY PEAKS MINERALS LTD</name>
        <lei>529900S9KFJIRI7EXU15</lei>
        <title>MANY PEAKS MINERALS LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000307738"/>
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        <balance>508581.000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.421161"/>
        <valUSD>298192.260000</valUSD>
        <pctVal>0.2865203062</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</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 GOLD CORP</name>
        <lei>9845004C6BCE77ACA795</lei>
        <title>MONTAGE GOLD CORP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CA61178L1013"/>
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        <balance>49700.000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MR PRICE GROUP LTD</name>
        <lei>378900D3417C35C5D733</lei>
        <title>MR PRICE GROUP LTD</title>
        <cusip>000000000</cusip>
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          <isin value="ZAE000200457"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MTN GROUP LTD</name>
        <lei>2549009JD6Q6XHZS5E05</lei>
        <title>MTN GROUP LTD</title>
        <cusip>000000000</cusip>
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          <isin value="ZAE000042164"/>
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        <balance>196415.000000</balance>
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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>
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      <invstOrSec>
        <name>NASPERS LTD-N SHS</name>
        <lei>21380044BQ8812EEKT59</lei>
        <title>NASPERS LTD</title>
        <cusip>000000000</cusip>
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          <isin value="ZAE000351946"/>
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        <balance>66171.000000</balance>
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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>
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      <invstOrSec>
        <name>NATIONAL BANK OF KUWAIT</name>
        <lei>549300NB7FE83IH6BW96</lei>
        <title>NATIONAL BANK OF KUWAIT SAKP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KW0EQ0100010"/>
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        <balance>1215597.000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NESTLE NIGERIA PLC</name>
        <lei>0292002173F4KD5E5347</lei>
        <title>NESTLE NIGERIA PLC</title>
        <cusip>000000000</cusip>
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          <isin value="NGNESTLE0006"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NORTHAM PLATINUM HOLDINGS LT</name>
        <lei>3789009D0712C7101695</lei>
        <title>NORTHAM PLATINUM HOLDINGS LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000298253"/>
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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>
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      <invstOrSec>
        <name>OMAN INDIA FERTILISER CO SAO</name>
        <lei>N/A</lei>
        <title>OMAN INDIA FERTILISER CO SAOG</title>
        <cusip>000000000</cusip>
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          <isin value="OM0000011151"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>OM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OUTSURANCE GROUP LTD</name>
        <lei>984500AC307E8L2D9X52</lei>
        <title>OUTSURANCE GROUP LTD</title>
        <cusip>000000000</cusip>
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          <isin value="ZAE000314084"/>
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        <balance>213054.000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PICK N PAY STORES LTD</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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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>
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      <invstOrSec>
        <name>POWER &amp; WATER UTILITY CO FOR</name>
        <lei>N/A</lei>
        <title>POWER &amp; WATER UTILITY CO FOR JUBAIL &amp; YANBU</title>
        <cusip>000000000</cusip>
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          <isin value="SA15L0N10HH3"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PREDICTIVE DISCOVERY LTD</name>
        <lei>529900NL3JLEV0OIIW58</lei>
        <title>PREDICTIVE DISCOVERY LTD</title>
        <cusip>000000000</cusip>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PRESIGHT AI HOLDING PLC</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>AE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PROSUS</name>
        <lei>635400Z5LQ5F9OLVT688</lei>
        <title>PROSUS NV</title>
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        <assetCat>EC</assetCat>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>QATAR GAS TRANSPORT(NAKILAT)</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>QA</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>QATAR NATIONAL BANK</name>
        <lei>549300FFSRVBS0SQXY75</lei>
        <title>QATAR NATIONAL BANK QPSC</title>
        <cusip>000000000</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RASAN INFORMATION TECHNOLOGY</name>
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        <assetCat>EC</assetCat>
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        <invCountry>SA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>RETAL URBAN DEVELOPMENT CO</name>
        <lei>5586009EAJUMBXKV7452</lei>
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        <invCountry>SA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>SAUDI ARABIAN OIL CO</name>
        <lei>5586006WD91QHB7J4X50</lei>
        <title>SAUDI ARABIAN OIL CO</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>SAUDI AWWAL BANK</name>
        <lei>558600TQS0WENZUC5190</lei>
        <title>SAUDI AWWAL BANK</title>
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        <fairValLevel>2</fairValLevel>
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        <name>SAUDI BASIC INDUSTRIES CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>THE SAUDI NATIONAL BANK</name>
        <lei>5586006ZEFQ542K7CY16</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>SAUDIA DAIRY &amp; FOODSTUFF CO</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SHOPRITE HOLDINGS LTD</name>
        <lei>529900Q4O1EYP6NH5150</lei>
        <title>SHOPRITE HOLDINGS LTD</title>
        <cusip>000000000</cusip>
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        <currencyConditional curCd="ZAR" exchangeRt="16.521250"/>
        <valUSD>1167573.180000</valUSD>
        <pctVal>1.1218715905</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>MARSA MAROC</name>
        <lei>N/A</lei>
        <title>SOCIETE D'EXPLOITATION DES PORTS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MA0000012312"/>
        </identifiers>
        <balance>10737.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MAD" exchangeRt="9.321950"/>
        <valUSD>994530.540000</valUSD>
        <pctVal>0.9556022507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOUTHERN PALLADIUM LTD</name>
        <lei>N/A</lei>
        <title>SOUTHERN PALLADIUM LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000220808"/>
        </identifiers>
        <balance>268134.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.421161"/>
        <valUSD>292529.740000</valUSD>
        <pctVal>0.2810794306</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPINNEYS 1961 HOLDING PLC</name>
        <lei>N/A</lei>
        <title>SPINNEYS 1961 HOLDING PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AEE01377S248"/>
        </identifiers>
        <balance>1033274.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AED" exchangeRt="3.673000"/>
        <valUSD>356136.700000</valUSD>
        <pctVal>0.3421966630</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>SUSTAINED INFRASTUCTURE HOLDINGS</name>
        <lei>N/A</lei>
        <title>SUSTAINED INFRASTRUCTURE HOLDING CO</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA0007879360"/>
        </identifiers>
        <balance>113596.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.755500"/>
        <valUSD>1084422.680000</valUSD>
        <pctVal>1.0419757987</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>T. Rowe Price Government Reserve Fund</name>
        <lei>5493002Y0IYARJVQ5N24</lei>
        <title>T. Rowe Price Government Reserve Fund</title>
        <cusip>76105Y109</cusip>
        <identifiers>
          <isin value="US76105Y1091"/>
        </identifiers>
        <balance>1000.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1000.000000</valUSD>
        <pctVal>0.0009608576</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>T2S GROUP HOLDING</name>
        <lei>N/A</lei>
        <title>T2S GROUP HOLDING</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MA0000012858"/>
        </identifiers>
        <balance>7369.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MAD" exchangeRt="9.321950"/>
        <valUSD>188297.060000</valUSD>
        <pctVal>0.1809266655</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GRS - SECURITY LENDING COLLATERAL</name>
        <lei>549300SIV6FPS9Y7IH33</lei>
        <title>TREASURY RESERVE FUND - Collateral</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="76105YYY9"/>
        </identifiers>
        <balance>955260.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>955260.000000</valUSD>
        <pctVal>0.9178688530</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="955260.000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TURACO GOLD LTD</name>
        <lei>N/A</lei>
        <title>TURACO GOLD LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000169039"/>
        </identifiers>
        <balance>1228805.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.421161"/>
        <valUSD>527183.290000</valUSD>
        <pctVal>0.5065480829</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1121.406000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VALTERRA PLATINUM LIMITED</name>
        <lei>529900RORCZ0E5S5FX81</lei>
        <title>VALTERRA PLATINUM LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000013181"/>
        </identifiers>
        <balance>28605.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.521250"/>
        <valUSD>2141962.670000</valUSD>
        <pctVal>2.0581211598</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>WIA GOLD LTD</name>
        <lei>529900UWSL321JN1GB20</lei>
        <title>WIA GOLD LTD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000193872"/>
        </identifiers>
        <balance>1859352.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.421161"/>
        <valUSD>555293.660000</valUSD>
        <pctVal>0.5335581462</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="44790.000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WOOLWORTHS HOLDINGS LTD</name>
        <lei>37890095421E07184E97</lei>
        <title>WOOLWORTHS HOLDINGS LTD/SOUTH AFRICA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000063863"/>
        </identifiers>
        <balance>406285.000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.521250"/>
        <valUSD>1155632.160000</valUSD>
        <pctVal>1.1103979704</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>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-09-02</ncom:dateSigned>
      <ncom:nameOfApplicant>T. ROWE PRICE INTERNATIONAL FUNDS, INC.</ncom:nameOfApplicant>
      <ncom:signature>/s/ Alan Dupski</ncom:signature>
      <ncom:signerName>Alan Dupski</ncom:signerName>
      <ncom:title>Treasurer &amp; Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
