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        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="92607.14575300"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Thai Vegetable Oil PCL</name>
        <lei>549300UM4OOJ1W116N37</lei>
        <title>THAI VEGETABLE OIL PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0209010R15"/>
          <other otherDesc="Internal" value="6397717"/>
        </identifiers>
        <balance>880988.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>743759.08000000</valUSD>
        <pctVal>0.215086288851</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>Charoen Pokphand Foods Public Company Limited</name>
        <lei>N/A</lei>
        <title>CHAROEN POKPHAND FOODS PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0101010R14"/>
          <other otherDesc="Internal" value="6410874"/>
        </identifiers>
        <balance>7684500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>5462004.58000000</valUSD>
        <pctVal>1.579546826912</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>ADVANCED INFO SERVICE PUBLIC COMPANY LIMITED</name>
        <lei>529900DU2YW1NO5RMU78</lei>
        <title>ADVANCED INFO SERVICE PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0268010R11"/>
          <other otherDesc="Internal" value="6412609"/>
        </identifiers>
        <balance>2185119.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>23369979.17000000</valUSD>
        <pctVal>6.758320302066</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>HOME PRODUCT CENTER PUBLIC COMPANY LIMITED</name>
        <lei>N/A</lei>
        <title>HOME PRODUCT CENTER PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0661010R17"/>
          <other otherDesc="Internal" value="6418555"/>
        </identifiers>
        <balance>11825073.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>2296524.03000000</valUSD>
        <pctVal>0.664127462982</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>Delta Electronics (Thailand) Public Company Limited</name>
        <lei>529900JKLVG9Y2SVWL93</lei>
        <title>DELTA ELECTRONICS THAILAND PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0528010R18"/>
          <other otherDesc="Internal" value="6418931"/>
        </identifiers>
        <balance>6581508.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>49251784.46000000</valUSD>
        <pctVal>14.24303087340</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>PTT Public Company Limited</name>
        <lei>549300QOGMPTKB6W7G56</lei>
        <title>PTT PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0646010R18"/>
          <other otherDesc="Internal" value="6420408"/>
        </identifiers>
        <balance>20600600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>25304585.17000000</valUSD>
        <pctVal>7.317785370956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>THAI UNION GROUP PUBLIC COMPANY LIMITED</name>
        <lei>25490047VDGNFMEYZW95</lei>
        <title>THAI UNION GROUP PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0450010R15"/>
          <other otherDesc="Internal" value="6422727"/>
        </identifiers>
        <balance>5872600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>2228806.52000000</valUSD>
        <pctVal>0.644544363686</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>SUPALAI PUBLIC COMPANY LIMITED</name>
        <lei>N/A</lei>
        <title>SUPALAI PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0371010R13"/>
          <other otherDesc="Internal" value="6554749"/>
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        <balance>2266700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>1100150.41000000</valUSD>
        <pctVal>0.318150426970</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>KRUNGTHAI CARD PUBLIC COMPANY LIMITED</name>
        <lei>N/A</lei>
        <title>KRUNGTHAI CARD PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0689010R18"/>
          <other otherDesc="Internal" value="6561330"/>
        </identifiers>
        <balance>2355000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>2642894.90000000</valUSD>
        <pctVal>0.764293803129</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>Land and Houses Public Company Limited</name>
        <lei>N/A</lei>
        <title>LAND HOUSES PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0143010R16"/>
          <other otherDesc="Internal" value="6581941"/>
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        <balance>16099100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>1775929.65000000</valUSD>
        <pctVal>0.513577753806</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>Amata Corporation Public Company Limited</name>
        <lei>N/A</lei>
        <title>AMATA CORP PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0617010R19"/>
          <other otherDesc="Internal" value="6592965"/>
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        <balance>1559500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>1538231.00000000</valUSD>
        <pctVal>0.444838128478</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>The Siam Cement Public Company Limited</name>
        <lei>N/A</lei>
        <title>SIAM CEMENT PCL THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0003010R12"/>
          <other otherDesc="Internal" value="6609928"/>
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        <balance>1588600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>12484151.65000000</valUSD>
        <pctVal>3.610268324867</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>AP (THAILAND) PUBLIC COMPANY LIMITED</name>
        <lei>N/A</lei>
        <title>AP THAILAND PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0308010R15"/>
          <other otherDesc="Internal" value="6612670"/>
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        <balance>4564186.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>1128166.69000000</valUSD>
        <pctVal>0.326252402267</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="63129.27926800"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Regional Container Lines Public Company Limited</name>
        <lei>N/A</lei>
        <title>REGIONAL CONTAINER LINES PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0133010R17"/>
          <other otherDesc="Internal" value="6693943"/>
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        <balance>737500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>978388.05000000</valUSD>
        <pctVal>0.282938199196</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>KCE Electronics Public Company Limited</name>
        <lei>N/A</lei>
        <title>KCE ELECTRONICS PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0122010R10"/>
          <other otherDesc="Internal" value="6712150"/>
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        <balance>1781300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>3236000.71000000</valUSD>
        <pctVal>0.935812956306</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="181.66511500"/>
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      </invstOrSec>
      <invstOrSec>
        <name>CH. Karnchang Public Company Limited</name>
        <lei>N/A</lei>
        <title>CH KARNCHANG PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0530010R14"/>
          <other otherDesc="Internal" value="6713681"/>
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        <balance>2206800.00000000</balance>
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        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>1215701.96000000</valUSD>
        <pctVal>0.351566562287</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="207685.17261100"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Airports of Thailand Public Company Limited</name>
        <lei>N/A</lei>
        <title>AIRPORTS OF THAILAND PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0765010R16"/>
          <other otherDesc="Internal" value="6741206"/>
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        <balance>8429600.00000000</balance>
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        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>16116823.23000000</valUSD>
        <pctVal>4.660793783674</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="46651.14439700"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Central Pattana Public Company Limited</name>
        <lei>N/A</lei>
        <title>CENTRAL PATTANA PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0481010R10"/>
          <other otherDesc="Internal" value="B013L15"/>
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        <balance>4108500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>8326060.48000000</valUSD>
        <pctVal>2.407797763485</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>Bangkok Dusit Medical Services Public Company Limited</name>
        <lei>N/A</lei>
        <title>BANGKOK DUSIT MEDICAL SERVICES PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0264010R10"/>
          <other otherDesc="Internal" value="B013SV4"/>
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        <balance>21750700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>12846262.00000000</valUSD>
        <pctVal>3.714986335619</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="611521.45332300"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Bumrungrad Hospital Public Company Limited</name>
        <lei>N/A</lei>
        <title>BUMRUNGRAD HOSPITAL PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0168010R13"/>
          <other otherDesc="Internal" value="B0166J7"/>
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        <balance>1212176.00000000</balance>
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        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>6994934.68000000</valUSD>
        <pctVal>2.022851998095</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>MINOR INTERNATIONAL PUBLIC COMPANY LIMITED</name>
        <lei>254900T4WB2UF9XPX041</lei>
        <title>MINOR INTERNATIONAL PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0128010R17"/>
          <other otherDesc="Internal" value="B018C28"/>
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        <balance>6826510.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>4557063.14000000</valUSD>
        <pctVal>1.317848514661</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="267021.54629500"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Aeon Thana Sinsap (Thailand) Public Company Limited</name>
        <lei>N/A</lei>
        <title>AEON THANA SINSAP THAILAND PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0664010R11"/>
          <other otherDesc="Internal" value="B01KHP2"/>
        </identifiers>
        <balance>171200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>521190.97000000</valUSD>
        <pctVal>0.150722235915</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>THAI OIL PUBLIC COMPANY LIMITED</name>
        <lei>549300HG5527UPZLTT69</lei>
        <title>THAI OIL PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0796010R11"/>
          <other otherDesc="Internal" value="B030K62"/>
        </identifiers>
        <balance>2499100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>4819340.41000000</valUSD>
        <pctVal>1.393695984859</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>Bangkok Chain Hospital Public Company Limited</name>
        <lei>N/A</lei>
        <title>BANGKOK CHAIN HOSPITAL PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0808010R14"/>
          <other otherDesc="Internal" value="B03VTW4"/>
        </identifiers>
        <balance>2236925.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>720910.56000000</valUSD>
        <pctVal>0.208478768345</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>Sri Trang Agro-Industry Public Company Limited</name>
        <lei>N/A</lei>
        <title>SRI TRANG AGRO INDUSTRY PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0254010R11"/>
          <other otherDesc="Internal" value="B05BPH9"/>
        </identifiers>
        <balance>1691045.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>1167521.62000000</valUSD>
        <pctVal>0.337633380421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>Cal-Comp Electronics (Thailand) Public Company Limited</name>
        <lei>N/A</lei>
        <title>CAL COMP ELECTRONICS THAILAND PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0639010R13"/>
          <other otherDesc="Internal" value="B076516"/>
        </identifiers>
        <balance>7202800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>2054921.37000000</valUSD>
        <pctVal>0.594258844348</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="713236.99464000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CP All Public Company Limited</name>
        <lei>N/A</lei>
        <title>CP ALL PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0737010R15"/>
          <other otherDesc="Internal" value="B08YDH1"/>
        </identifiers>
        <balance>10289000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>14330763.78000000</valUSD>
        <pctVal>4.144286612066</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>BTS GROUP HOLDINGS PUBLIC COMPANY LIMITED</name>
        <lei>N/A</lei>
        <title>BTS GROUP HOLDINGS PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0221010R10"/>
          <other otherDesc="Internal" value="B0H72C9"/>
        </identifiers>
        <balance>16279900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>1020513.13000000</valUSD>
        <pctVal>0.295120271816</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>PTT EXPLORATION AND PRODUCTION PUBLIC COMPANY LIMITED</name>
        <lei>2549001O8YYGP5N7Q076</lei>
        <title>PTT EXPLORATION PRODUCTION PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0355010R16"/>
          <other otherDesc="Internal" value="B1359L2"/>
        </identifiers>
        <balance>2831184.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>12680477.66000000</valUSD>
        <pctVal>3.667043474283</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="718409.19440900"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CENTRAL PLAZA HOTEL PUBLIC COMPANY LIMITED</name>
        <lei>N/A</lei>
        <title>CENTRAL PLAZA HOTEL PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0176010R16"/>
          <other otherDesc="Internal" value="B1802R9"/>
        </identifiers>
        <balance>1223700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>1590376.25000000</valUSD>
        <pctVal>0.459917915207</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>Jasmine Technology Solution Public Company Limited</name>
        <lei>N/A</lei>
        <title>JASMINE TECHNOLOGY SOLUTION PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0921010R15"/>
          <other otherDesc="Internal" value="B1DRQ73"/>
        </identifiers>
        <balance>353200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>292708.70000000</valUSD>
        <pctVal>0.084647878177</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>TTW Public Company Limited</name>
        <lei>N/A</lei>
        <title>TTW PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0961010R11"/>
          <other otherDesc="Internal" value="B297425"/>
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        <balance>2766766.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>876086.94000000</valUSD>
        <pctVal>0.253353933690</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TISCO Financial Group Public Company Limited</name>
        <lei>N/A</lei>
        <title>TISCO FINANCIAL GROUP PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0999010R11"/>
          <other otherDesc="Internal" value="B3KFW10"/>
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        <balance>402200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>1551993.25000000</valUSD>
        <pctVal>0.448818007660</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>Siam Global House Public Company Limited</name>
        <lei>N/A</lei>
        <title>SIAM GLOBAL HOUSE PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0991010R18"/>
          <other otherDesc="Internal" value="B4363H0"/>
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        <balance>3930391.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>822637.44000000</valUSD>
        <pctVal>0.237896973358</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>Bangkok Life Assurance PCL</name>
        <lei>254900S8RTAA59ZF6T09</lei>
        <title>BANGKOK LIFE ASSURANCE PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH1016010R13"/>
          <other otherDesc="Internal" value="B4Q98Z9"/>
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        <balance>1148800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>842176.11000000</valUSD>
        <pctVal>0.243547324570</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>Indorama Ventures Public Company Limited</name>
        <lei>N/A</lei>
        <title>INDORAMA VENTURES PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH1027010R10"/>
          <other otherDesc="Internal" value="B5KZ7P3"/>
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        <balance>3402000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>2500695.17000000</valUSD>
        <pctVal>0.723171330780</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="256905.63254400"/>
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      <invstOrSec>
        <name>PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED</name>
        <lei>5493007X3230PPPZFF40</lei>
        <title>PTT GLOBAL CHEMICAL PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH1074010R12"/>
          <other otherDesc="Internal" value="B73BGD3"/>
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        <balance>4574807.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>6135522.14000000</valUSD>
        <pctVal>1.774320102765</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>WHA Corporation Public Company Limited</name>
        <lei>N/A</lei>
        <title>WHA CORP PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH3871010R19"/>
          <other otherDesc="Internal" value="B830433"/>
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        <balance>16617540.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>2413362.46000000</valUSD>
        <pctVal>0.697915748705</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>VGI PCL</name>
        <lei>N/A</lei>
        <title>VGI PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH3740010R16"/>
          <other otherDesc="Internal" value="B8B2V85"/>
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        <balance>25258750.00000000</balance>
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        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>767982.04000000</valUSD>
        <pctVal>0.222091281074</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>Chularat Hospital PCL</name>
        <lei>N/A</lei>
        <title>CHULARAT HOSPITAL PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH4539010R11"/>
          <other otherDesc="Internal" value="B99KDL5"/>
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        <balance>10399300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>454630.03000000</valUSD>
        <pctVal>0.131473602921</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>Energy Absolute Public Company Limited</name>
        <lei>549300YNVU2DM30XBZ14</lei>
        <title>ENERGY ABSOLUTE PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH3545010R19"/>
          <other otherDesc="Internal" value="B9L4K92"/>
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        <balance>11210100.00000000</balance>
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        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>972138.47000000</valUSD>
        <pctVal>0.281130894915</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>BCPG Public Company Limited</name>
        <lei>894500FVDZ6U50GW3W11</lei>
        <title>BCPG PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH7411010R10"/>
          <other otherDesc="Internal" value="BD3RR63"/>
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        <balance>2683150.00000000</balance>
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        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>597935.24000000</valUSD>
        <pctVal>0.172915766951</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>Star Petroleum Refining Public Company Limited</name>
        <lei>N/A</lei>
        <title>STAR PETROLEUM REFINING PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH6838010R15"/>
          <other otherDesc="Internal" value="BD4DCB0"/>
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        <balance>3433900.00000000</balance>
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        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>1366932.45000000</valUSD>
        <pctVal>0.395300623127</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bangkok Expressway and Metro Public Company Limited</name>
        <lei>N/A</lei>
        <title>BANGKOK EXPRESSWAY METRO PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH6999010R15"/>
          <other otherDesc="Internal" value="BDCR9C4"/>
        </identifiers>
        <balance>13301753.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>2764658.85000000</valUSD>
        <pctVal>0.799506490713</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>B.GRIMM POWER PUBLIC COMPANY LIMITED</name>
        <lei>N/A</lei>
        <title>B GRIMM POWER PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH7545010R15"/>
          <other otherDesc="Internal" value="BDVJ686"/>
        </identifiers>
        <balance>1810300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>1106756.03000000</valUSD>
        <pctVal>0.320060693788</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>Mega Lifesciences Public Company Limited</name>
        <lei>N/A</lei>
        <title>MEGA LIFESCIENCES PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH4984010R19"/>
          <other otherDesc="Internal" value="BGLZX84"/>
        </identifiers>
        <balance>691600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>750941.20000000</valUSD>
        <pctVal>0.217163272619</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>Osotspa Public Company Limited</name>
        <lei>N/A</lei>
        <title>OSOTSPA PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH8752010R16"/>
          <other otherDesc="Internal" value="BGR9X35"/>
        </identifiers>
        <balance>2422300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>1174198.93000000</valUSD>
        <pctVal>0.339564379136</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>BANGKOK COMMERCIAL ASSET MANAGEMENT PUBLIC COMPANY LIMITED</name>
        <lei>N/A</lei>
        <title>BANGKOK COMMERCIAL ASSET MANAGEMENT PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH9479010R15"/>
          <other otherDesc="Internal" value="BJYF906"/>
        </identifiers>
        <balance>3532000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>675866.64000000</valUSD>
        <pctVal>0.195452601877</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>Asset World Corp Public Company Limited</name>
        <lei>N/A</lei>
        <title>ASSET WORLD CORP PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH9436010R15"/>
          <other otherDesc="Internal" value="BK58JY5"/>
        </identifiers>
        <balance>16131000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>1495947.71000000</valUSD>
        <pctVal>0.432610303405</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>CENTRAL RETAIL CORPORATION PUBLIC COMPANY LIMITED</name>
        <lei>N/A</lei>
        <title>CENTRAL RETAIL CORP PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH9597010R14"/>
          <other otherDesc="Internal" value="BKV24W4"/>
        </identifiers>
        <balance>3054800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>2666548.28000000</valUSD>
        <pctVal>0.771134079584</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>SCG PACKAGING PUBLIC COMPANY LIMITED</name>
        <lei>N/A</lei>
        <title>SCG PACKAGING PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0098010R12"/>
          <other otherDesc="Internal" value="BMC0T59"/>
        </identifiers>
        <balance>2602300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>2367355.90000000</valUSD>
        <pctVal>0.684611198187</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>THAI LIFE INSURANCE PUBLIC COMPANY LIMITED</name>
        <lei>549300KV400XOCIS7Q68</lei>
        <title>THAI LIFE INSURANCE PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="THA848010R13"/>
          <other otherDesc="Internal" value="BMH1DX3"/>
        </identifiers>
        <balance>4608000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>1551649.78000000</valUSD>
        <pctVal>0.448718680217</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>SRISAWAD CORPORATION PUBLIC COMPANY LIMITED</name>
        <lei>N/A</lei>
        <title>SRISAWAD CORP PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH5456010R17"/>
          <other otherDesc="Internal" value="BMHS7D2"/>
        </identifiers>
        <balance>1676102.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>1190937.62000000</valUSD>
        <pctVal>0.344405009400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="106225.73935800"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GULF DEVELOPMENT PUBLIC COMPANY LIMITED</name>
        <lei>254900RO3BZTYPBQSX73</lei>
        <title>GULF DEVELOPMENT PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="THC903010R14"/>
          <other otherDesc="Internal" value="BMY3G88"/>
        </identifiers>
        <balance>7741688.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>14761692.68000000</valUSD>
        <pctVal>4.268906129800</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>SRI TRANG GLOVES (THAILAND) PUBLIC COMPANY LIMITED</name>
        <lei>N/A</lei>
        <title>SRI TRANG GLOVES THAILAND PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH9829010R11"/>
          <other otherDesc="Internal" value="BN2X9V1"/>
        </identifiers>
        <balance>1988800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>664991.91000000</valUSD>
        <pctVal>0.192307759171</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>i-Tail Corporation PCL</name>
        <lei>254900VEHUMFMZ1AYG52</lei>
        <title>I TAIL CORP PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="THB056010R12"/>
          <other otherDesc="Internal" value="BN72NR7"/>
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        <balance>1448900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>755105.54000000</valUSD>
        <pctVal>0.218367550268</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>SCB X PUBLIC COMPANY LIMITED</name>
        <lei>N/A</lei>
        <title>SCB X PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="THA790010R17"/>
          <other otherDesc="Internal" value="BPH0728"/>
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        <balance>1712300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>7792438.27000000</valUSD>
        <pctVal>2.253480560665</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>Betagro Public Company Limited</name>
        <lei>N/A</lei>
        <title>BETAGRO PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH0612010R10"/>
          <other otherDesc="Internal" value="BPVFZM5"/>
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        <balance>1338700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>827010.65000000</valUSD>
        <pctVal>0.239161653729</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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 CORPORATION PUBLIC COMPANY LIMITED</name>
        <lei>894500HQD71STX0DQK07</lei>
        <title>TRUE CORP PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="THB231010R11"/>
          <other otherDesc="Internal" value="BQKRHP6"/>
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        <balance>21134048.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>8336221.86000000</valUSD>
        <pctVal>2.410736313847</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>Bangkok Airways Public Company Limited</name>
        <lei>N/A</lei>
        <title>BANGKOK AIRWAYS PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH4403010R10"/>
          <other otherDesc="Internal" value="BRS61B6"/>
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        <balance>1257900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>722196.08000000</valUSD>
        <pctVal>0.208850525455</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>CARABAO GROUP PUBLIC COMPANY LIMITED</name>
        <lei>N/A</lei>
        <title>CARABAO GROUP PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH6066010R13"/>
          <other otherDesc="Internal" value="BSM67Z5"/>
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        <balance>695600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>1142148.81000000</valUSD>
        <pctVal>0.330295865240</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>MUANGTHAI CAPITAL PUBLIC COMPANY LIMITED</name>
        <lei>N/A</lei>
        <title>MUANGTHAI CAPITAL PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH6068010R19"/>
          <other otherDesc="Internal" value="BSNLDQ2"/>
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        <balance>1494100.00000000</balance>
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        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>1405541.29000000</valUSD>
        <pctVal>0.406465840919</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>TIDLOR HOLDINGS PUBLIC COMPANY LIMITED</name>
        <lei>254900FVX6NSLSGL2403</lei>
        <title>TIDLOR HOLDINGS PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="THC997010R16"/>
          <other otherDesc="Internal" value="BTZJ907"/>
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        <balance>2908692.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>1699519.23000000</valUSD>
        <pctVal>0.491480768224</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MR. D.I.Y. Holding (Thailand) PCL</name>
        <lei>N/A</lei>
        <title>MR DIY HOLDING THAILAND PCL</title>
        <cusip>Y8620H330</cusip>
        <identifiers>
          <isin value="THD365010R15"/>
          <other otherDesc="Internal" value="BVSYBF2"/>
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        <balance>1417100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>403444.41000000</valUSD>
        <pctVal>0.116671329786</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="190747.12772500"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Global Power Synergy Public Company Limited</name>
        <lei>2549009TMPQXKDVDN395</lei>
        <title>GLOBAL POWER SYNERGY PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH6488010R19"/>
          <other otherDesc="Internal" value="BWX43V4"/>
        </identifiers>
        <balance>1427900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>2278622.67000000</valUSD>
        <pctVal>0.658950602368</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>BANPU PUBLIC COMPANY LIMITED</name>
        <lei>N/A</lei>
        <title>BANPU PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="THE013010R10"/>
          <other otherDesc="Internal" value="BXL2GC9"/>
        </identifiers>
        <balance>6501073.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>2842749.05000000</valUSD>
        <pctVal>0.822089248712</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Thaifoods Group Public Company Limited</name>
        <lei>N/A</lei>
        <title>THAIFOODS GROUP PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH6717010R11"/>
          <other otherDesc="Internal" value="BYVTKN6"/>
        </identifiers>
        <balance>1272700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>383252.34000000</valUSD>
        <pctVal>0.110832023058</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="104011.43885900"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COM7 Public Company Limited</name>
        <lei>984500C71C65E6KC5A42</lei>
        <title>COM7 PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH6678010R15"/>
          <other otherDesc="Internal" value="BZ2YN50"/>
        </identifiers>
        <balance>2365600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="33.16000000"/>
        <valUSD>2118781.35000000</valUSD>
        <pctVal>0.612726391803</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <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>MSCI EMGMKT SEP26</name>
        <lei>N/A</lei>
        <title>MSCI EMGMKT SEP26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="MMEU26"/>
          <other otherDesc="INTERNAL" value="MESU62026"/>
        </identifiers>
        <balance>28.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-7986.70000000</valUSD>
        <pctVal>-0.00230965874</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Index Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE FUTURES U.S.</counterpartyName>
              <counterpartyLei>5493004R83R1LVX2IL36</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>US MSCI Emerging Markets Equity Index Future Sep 2026</indexName>
                <indexIdentifier>MMEU26</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2026-09-18</expDate>
            <notionalAmt>2403526.70000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-7986.70000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <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>2026-09-30</ncom:dateSigned>
      <ncom:nameOfApplicant>iShares, Inc.</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort </ncom:signature>
      <ncom:signerName>Chuck Pulsfort </ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
