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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Banque Saudi Fransi SJSC</name>
        <lei>558600N07EDF4ATYR106</lei>
        <title>BANQUE SAUDI FRANSI</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA0007879782"/>
          <other otherDesc="Internal" value="B12LZT1"/>
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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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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Riyad Bank SJSC</name>
        <lei>54930037RJ782ISGGM71</lei>
        <title>RIYAD BANK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA0007879048"/>
          <other otherDesc="Internal" value="B12LZW4"/>
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        <balance>3703193.00000000</balance>
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        <valUSD>20519554.96000000</valUSD>
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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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>THE SAUDI INVESTMENT BANK SJSC</name>
        <lei>558600V3J4M5TUY9HR70</lei>
        <title>SAUDI INVESTMENT BANK THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA0007879063"/>
          <other otherDesc="Internal" value="B12M7M1"/>
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        <balance>1160706.00000000</balance>
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        <valUSD>4487930.88000000</valUSD>
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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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Saudi Telecom Company SJSC</name>
        <lei>21380028ATJ79OTA9W17</lei>
        <title>SAUDI TELECOM CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA0007879543"/>
          <other otherDesc="Internal" value="B12M7Q5"/>
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        <balance>2909152.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Southern Province Cement Company SJSC</name>
        <lei>N/A</lei>
        <title>SOUTHERN PROVINCE CEMENT CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA0007879501"/>
          <other otherDesc="Internal" value="B131QN1"/>
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        <balance>168696.00000000</balance>
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        <valUSD>882884.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SABIC Agri-Nutrients Company SJSC</name>
        <lei>N/A</lei>
        <title>SABIC AGRI NUTRIENTS CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA0007879139"/>
          <other otherDesc="Internal" value="B1323K0"/>
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        <balance>332121.00000000</balance>
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        <valUSD>11554021.23000000</valUSD>
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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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Saudi Basic Industries Corporation SJSC</name>
        <lei>213800ZCTFZZZJSK8645</lei>
        <title>SAUDI BASIC INDUSTRIES CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA0007879121"/>
          <other otherDesc="Internal" value="B1324D0"/>
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        <balance>1398955.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Saudi Cement Company SJSC</name>
        <lei>N/A</lei>
        <title>SAUDI CEMENT CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA0007879469"/>
          <other otherDesc="Internal" value="B132HD1"/>
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        <balance>162103.00000000</balance>
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        <valUSD>1228659.78000000</valUSD>
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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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Saudi Chemical Holding Company SJSC</name>
        <lei>N/A</lei>
        <title>SAUDI CHEMICAL CO HOLDING</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA0007879402"/>
          <other otherDesc="Internal" value="B132HG4"/>
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        <balance>853253.00000000</balance>
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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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Saudi Energy Company SJSC</name>
        <lei>549300FXO4ZXUIAXGP41</lei>
        <title>SAUDI ENERGY CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA0007879550"/>
          <other otherDesc="Internal" value="B132NM2"/>
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        <balance>1575225.00000000</balance>
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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>
      <invstOrSec>
        <name>Saudi Industrial Investment Group Company SJSC</name>
        <lei>N/A</lei>
        <title>SAUDI INDUSTRIAL INVESTMENT GROUP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA000A0B89Q3"/>
          <other otherDesc="Internal" value="B132Y63"/>
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        <balance>663767.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Sustained Infrastructure Holding Company SJSC</name>
        <lei>N/A</lei>
        <title>SAUDI INDUSTRIAL SERVICES CO</title>
        <cusip>N/A</cusip>
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          <isin value="SA0007879360"/>
          <other otherDesc="Internal" value="B133NS1"/>
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        <balance>106465.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO - ADDWAEIH) S.J.S.C</name>
        <lei>N/A</lei>
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          <isin value="SA0007879188"/>
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        <balance>137727.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Saudia Dairy &amp; Foodstuff Company SJSC</name>
        <lei>N/A</lei>
        <title>SAUDIA DAIRY FOODSTUFF CO</title>
        <cusip>N/A</cusip>
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          <isin value="SA000A0EAXM3"/>
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        <balance>32762.00000000</balance>
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        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Savola Group Company SJSC</name>
        <lei>N/A</lei>
        <title>SAVOLA GROUP THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA0007879162"/>
          <other otherDesc="Internal" value="B133RS9"/>
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        <assetCat>EC</assetCat>
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        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Yamama Cement Company SJSC</name>
        <lei>N/A</lei>
        <title>YAMAMA CEMENT CO</title>
        <cusip>N/A</cusip>
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          <isin value="SA0007879451"/>
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        <invCountry>SA</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Yanbu Cement Company SJSC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>National Gas and Industrialization Company Holding</name>
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        <invCountry>SA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Saudi Ceramic Company SJSC</name>
        <lei>N/A</lei>
        <title>SAUDI CERAMIC CO</title>
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        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Advanced Building Industries Co. SJSC</name>
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        <title>ADVANCED BUILDING INDUSTRIES CO</title>
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          <isin value="SA0007879410"/>
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        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>National Industrialization Company SJSC</name>
        <lei>N/A</lei>
        <title>NATIONAL INDUSTRIALIZATION CO</title>
        <cusip>N/A</cusip>
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          <isin value="SA0007879170"/>
          <other otherDesc="Internal" value="B136MP0"/>
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        <assetCat>EC</assetCat>
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        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Qassim Cement Company SJSC</name>
        <lei>N/A</lei>
        <title>QASSIM CEMENT CO THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA0007879493"/>
          <other otherDesc="Internal" value="B136WG1"/>
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        <balance>120610.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Almarai Company SJSC</name>
        <lei>549300B4EDUXYD2G6098</lei>
        <title>ALMARAI CO JSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA000A0ETHT1"/>
          <other otherDesc="Internal" value="B137VV2"/>
        </identifiers>
        <balance>910957.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>11888588.13000000</valUSD>
        <pctVal>1.861943562864</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arabian Cement Company SJSC</name>
        <lei>N/A</lei>
        <title>ARABIAN CEMENT CO SAUDI ARABIA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA0007879915"/>
          <other otherDesc="Internal" value="B137W42"/>
        </identifiers>
        <balance>132132.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>756628.67000000</valUSD>
        <pctVal>0.118500184057</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Saudi Research and Media Group SJSC</name>
        <lei>N/A</lei>
        <title>SAUDI RESEARCH MARKETING GROUP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA000A0JK5M3"/>
          <other otherDesc="Internal" value="B156TT1"/>
        </identifiers>
        <balance>74428.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>1236964.58000000</valUSD>
        <pctVal>0.193728490888</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Saudi Paper Manufacturing Company SJSC</name>
        <lei>N/A</lei>
        <title>SAUDI PAPER MANUFACTURING CO</title>
        <cusip>M82589108</cusip>
        <identifiers>
          <isin value="SA000A0JK4U9"/>
          <other otherDesc="Internal" value="B16TT66"/>
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        <balance>50835.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>893599.85000000</valUSD>
        <pctVal>0.139952067502</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Emaar The Economic City SJSC</name>
        <lei>N/A</lei>
        <title>EMAAR ECONOMIC CITY</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA000A0KDVM8"/>
          <other otherDesc="Internal" value="B19NK95"/>
        </identifiers>
        <balance>421624.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>1112603.98000000</valUSD>
        <pctVal>0.174251626511</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>Sahara International Petrochemical Company SJSC</name>
        <lei>N/A</lei>
        <title>SAHARA INTERNATIONAL PETROCHEMICAL CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA000A0KFKK0"/>
          <other otherDesc="Internal" value="B1C1NH5"/>
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        <balance>699616.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>2461494.53000000</valUSD>
        <pctVal>0.385509519300</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Al-Babtain Power and Telecommunication Company SJSC</name>
        <lei>N/A</lei>
        <title>AL BABTAIN POWER TELECOMMUNICATION CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA000A0LEF64"/>
          <other otherDesc="Internal" value="B1GNP04"/>
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        <balance>70767.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>1162926.52000000</valUSD>
        <pctVal>0.182132943316</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ADVANCED PETROCHEMICAL COMPANY SJSC</name>
        <lei>N/A</lei>
        <title>ADVANCED PETROCHEMICAL CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA000A0LE310"/>
          <other otherDesc="Internal" value="B1P6WF8"/>
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        <balance>263694.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>1675039.13000000</valUSD>
        <pctVal>0.262337990983</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jabal Omar Development Company SJSC</name>
        <lei>N/A</lei>
        <title>JABAL OMAR DEVELOPMENT CO</title>
        <cusip>M6100A109</cusip>
        <identifiers>
          <isin value="SA000A0MR864"/>
          <other otherDesc="Internal" value="B1XGF28"/>
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        <balance>1078678.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>5255961.03000000</valUSD>
        <pctVal>0.823167789098</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Saudi Kayan Petrochemical Company SJSC</name>
        <lei>N/A</lei>
        <title>SAUDI KAYAN PETROCHEMICAL CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA000A0MQCJ2"/>
          <other otherDesc="Internal" value="B1Z8F66"/>
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        <balance>204473.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>286456.08000000</valUSD>
        <pctVal>0.044863616130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United International Transportation Company SJSC</name>
        <lei>558600PSQJLXXKEIYC02</lei>
        <title>UNITED INTERNATIONAL TRANSPORTATION CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA000A0MWH44"/>
          <other otherDesc="Internal" value="B2493D0"/>
        </identifiers>
        <balance>113198.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>951507.19000000</valUSD>
        <pctVal>0.149021285628</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DAR AL ARKAN REAL ESTATE DEVELOPMENT COMPANY SJSC</name>
        <lei>558600USX20EGH6LVQ89</lei>
        <title>DAR AL ARKAN REAL ESTATE DEVELOPMENT CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA11U0S23612"/>
          <other otherDesc="Internal" value="B2NC4X7"/>
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        <balance>1001466.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>5558661.76000000</valUSD>
        <pctVal>0.870575577940</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Rabigh Refining and Petrochemical Company SJSC</name>
        <lei>N/A</lei>
        <title>RABIGH REFINING PETROCHEMICAL CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA120GAH5617"/>
          <other otherDesc="Internal" value="B2PF1B1"/>
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        <balance>875826.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>3883997.24000000</valUSD>
        <pctVal>0.608296256891</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>Mobile Telecommunications Company Saudi Arabia SJSC</name>
        <lei>N/A</lei>
        <title>MOBILE TELECOMMUNICATIONS CO SAUDI ARABIA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA121053DR18"/>
          <other otherDesc="Internal" value="B2QG180"/>
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        <balance>861948.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>2366879.00000000</valUSD>
        <pctVal>0.370691209918</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bupa Arabia for Cooperative Insurance Company SJSC</name>
        <lei>558600B2WJHD5P31XS68</lei>
        <title>BUPA ARABIA FOR COOPERATIVE INSURANCE CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA1210540914"/>
          <other otherDesc="Internal" value="B2RLCR0"/>
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        <balance>156128.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>6435263.56000000</valUSD>
        <pctVal>1.007865478209</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SAUDI REINSURANCE COMPANY SAUDI JOINT STOCK COMPANY</name>
        <lei>549300P4XRYSB9NHSF38</lei>
        <title>SAUDI RE FOR COOPERATIVE REINSURANCE CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA1210540419"/>
          <other otherDesc="Internal" value="B39J2Q8"/>
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        <balance>186471.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>1297478.24000000</valUSD>
        <pctVal>0.203205900524</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ALINMA BANK SJSC</name>
        <lei>558600HPAUTN6XSVBK93</lei>
        <title>ALINMA BANK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA122050HV19"/>
          <other otherDesc="Internal" value="B39NWT3"/>
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        <balance>2780323.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>18912681.18000000</valUSD>
        <pctVal>2.962029182486</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>Abdullah Al-Othaim Markets Company SJSC</name>
        <lei>N/A</lei>
        <title>ABDULLAH AL OTHAIM MARKETS CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA1230K1UGH7"/>
          <other otherDesc="Internal" value="B3BQB93"/>
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        <balance>950000.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>1255596.26000000</valUSD>
        <pctVal>0.196646510779</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>Saudi Arabian Mining Company SJSC</name>
        <lei>254900R4HAVLB4GY9713</lei>
        <title>SAUDI ARABIAN MINING CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA123GA0ITH7"/>
          <other otherDesc="Internal" value="B3C8VY3"/>
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        <balance>1748389.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>30932291.39000000</valUSD>
        <pctVal>4.844492904328</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>Astra Industrial Group Company SJSC</name>
        <lei>N/A</lei>
        <title>ASTRA INDUSTRIAL GROUP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA11RGL0IU14"/>
          <other otherDesc="Internal" value="B3CQKT5"/>
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        <balance>76535.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>2774307.12000000</valUSD>
        <pctVal>0.434500987586</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AL RAJHI COMPANY FOR COOPERATIVE INSURANCE SJSC</name>
        <lei>N/A</lei>
        <title>AL RAJHI CO FOR CO OPERATIVE INSURANCE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA12A0540J14"/>
          <other otherDesc="Internal" value="B3P6M52"/>
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        <balance>169680.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>2501408.41000000</valUSD>
        <pctVal>0.391760673022</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Saudi Steel Pipes Company SJSC</name>
        <lei>N/A</lei>
        <title>SAUDI STEEL PIPE CO</title>
        <cusip>M82597101</cusip>
        <identifiers>
          <isin value="SA12B050KK11"/>
          <other otherDesc="Internal" value="B3W1HL1"/>
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        <balance>63310.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>905488.47000000</valUSD>
        <pctVal>0.141814016057</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mouwasat Medical Services Company SJSC</name>
        <lei>N/A</lei>
        <title>MOUWASAT MEDICAL SERVICES CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA12C051UH11"/>
          <other otherDesc="Internal" value="B403QG4"/>
        </identifiers>
        <balance>187202.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>3242083.61000000</valUSD>
        <pctVal>0.507762287825</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>United Electronics Company</name>
        <lei>N/A</lei>
        <title>UNITED ELECTRONICS CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA12U0RHUHH8"/>
          <other otherDesc="Internal" value="B4P2SD7"/>
        </identifiers>
        <balance>80824.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>1399291.12000000</valUSD>
        <pctVal>0.219151430343</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>Knowledge Economic City Company SJSC</name>
        <lei>N/A</lei>
        <title>KNOWLEDGE ECONOMIC CITY CO</title>
        <cusip>M6341K106</cusip>
        <identifiers>
          <isin value="SA12IG523B16"/>
          <other otherDesc="Internal" value="B54NCN6"/>
        </identifiers>
        <balance>233750.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>1212143.10000000</valUSD>
        <pctVal>0.189841049049</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Etihad Go Telecom Co</name>
        <lei>N/A</lei>
        <title>ETIHAD GO TELECOM CO</title>
        <cusip>M4101H108</cusip>
        <identifiers>
          <isin value="SA128G53E019"/>
          <other otherDesc="Internal" value="B65HRG2"/>
        </identifiers>
        <balance>40704.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>948596.39000000</valUSD>
        <pctVal>0.148565407666</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Seera Holding Group SJSC</name>
        <lei>N/A</lei>
        <title>SEERA GROUP HOLDING</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA132GSGS910"/>
          <other otherDesc="Internal" value="B6WTLK3"/>
        </identifiers>
        <balance>299121.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>1758613.82000000</valUSD>
        <pctVal>0.275427127755</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>CATRION CATERING HOLDING COMPANY SJSC</name>
        <lei>N/A</lei>
        <title>SAUDI AIRLINES CATERING CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA1330R2TQ16"/>
          <other otherDesc="Internal" value="B7J4PX9"/>
        </identifiers>
        <balance>83735.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>1590130.91000000</valUSD>
        <pctVal>0.249040002026</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>National Medical Care Company SJSC</name>
        <lei>N/A</lei>
        <title>NATIONAL MEDICAL CARE CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA139051UIH0"/>
          <other otherDesc="Internal" value="B915XX0"/>
        </identifiers>
        <balance>45116.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>1488806.37000000</valUSD>
        <pctVal>0.233170954083</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dallah Healthcare Company SJSC</name>
        <lei>N/A</lei>
        <title>DALLAH HEALTHCARE CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA135G51UI10"/>
          <other otherDesc="Internal" value="B95TKH1"/>
        </identifiers>
        <balance>86457.60000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>1957304.64000000</valUSD>
        <pctVal>0.306545296646</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Al Rajhi REIT Fund</name>
        <lei>N/A</lei>
        <title>AL RAJHI REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA14GG523Q50"/>
          <other otherDesc="Internal" value="BF0Q284"/>
        </identifiers>
        <balance>598761.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>1283765.53000000</valUSD>
        <pctVal>0.201058270222</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Leejam Sports Company</name>
        <lei>N/A</lei>
        <title>LEEJAM SPORTS CO JSC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA14K0Q0SJ16"/>
          <other otherDesc="Internal" value="BF12ZV5"/>
        </identifiers>
        <balance>55696.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>1164474.51000000</valUSD>
        <pctVal>0.182375383376</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jadwa REIT Saudi Fund</name>
        <lei>N/A</lei>
        <title>JADWA REIT SAUDI FUND</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA14GG523R59"/>
          <other otherDesc="Internal" value="BFMDCP0"/>
        </identifiers>
        <balance>325317.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>831791.19000000</valUSD>
        <pctVal>0.130271840098</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>National Company for Learning and Education</name>
        <lei>N/A</lei>
        <title>NATIONAL CO FOR LEARNING EDUCATION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA14L09I31H9"/>
          <other otherDesc="Internal" value="BFMVZF5"/>
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        <balance>38574.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>1464016.14000000</valUSD>
        <pctVal>0.229288406495</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bawan Company SJSC</name>
        <lei>N/A</lei>
        <title>BAWAN CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA13DG50KB18"/>
          <other otherDesc="Internal" value="BHFHRP8"/>
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        <balance>74623.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>750483.27000000</valUSD>
        <pctVal>0.117537715861</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AL MOAMMAR INFORMATION SYSTEMS COMPANY SJSC</name>
        <lei>N/A</lei>
        <title>AL MOAMMAR INFORMATION SYSTEMS CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA14PGMJGG18"/>
          <other otherDesc="Internal" value="BJMHRH7"/>
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        <balance>32268.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>2497395.92000000</valUSD>
        <pctVal>0.391132252738</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Saudi Arabian Oil Company</name>
        <lei>5586006WD91QHB7J4X50</lei>
        <title>SAUDI ARABIAN OIL CO</title>
        <cusip>M8237R104</cusip>
        <identifiers>
          <isin value="SA14TG012N13"/>
          <other otherDesc="Internal" value="BJTM270"/>
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        <balance>10025417.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>69171553.19000000</valUSD>
        <pctVal>10.83337455946</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="non-U.S. government agency" issuerCat="OTHER"/>
        <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>Maharah for Human Resources Company SJSC</name>
        <lei>N/A</lei>
        <title>MAHARAH HUMAN RESOURCES CO</title>
        <cusip>M6414N102</cusip>
        <identifiers>
          <isin value="SA14QH2GSJH8"/>
          <other otherDesc="Internal" value="BJYHVR3"/>
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        <balance>722942.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>901126.23000000</valUSD>
        <pctVal>0.141130819314</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Arabian Centres Company SJSC</name>
        <lei>8945006MT4ZZ5EBVCI56</lei>
        <title>ARABIAN CENTRES CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA14QG523GH3"/>
          <other otherDesc="Internal" value="BKBF694"/>
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        <balance>429671.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>1848531.00000000</valUSD>
        <pctVal>0.289509600178</pctVal>
        <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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ataa Educational Company SJSC</name>
        <lei>N/A</lei>
        <title>ATAA EDUCATIONAL CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA11RGEI3218"/>
          <other otherDesc="Internal" value="BKLV6Y7"/>
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        <balance>23218.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>281366.59000000</valUSD>
        <pctVal>0.044066520374</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>flynas Company SJSC</name>
        <lei>N/A</lei>
        <title>FLYNAS CO SJSC</title>
        <cusip>M4319S102</cusip>
        <identifiers>
          <isin value="SA16AH822K19"/>
          <other otherDesc="Internal" value="BKVFL88"/>
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        <balance>108259.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>1435688.57000000</valUSD>
        <pctVal>0.224851854733</pctVal>
        <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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Dr. Sulaiman Al Habib Medical Services Group Company</name>
        <lei>N/A</lei>
        <title>DR SULAIMAN AL HABIB MEDICAL SERVICES GROUP CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA1510P1UMH1"/>
          <other otherDesc="Internal" value="BLGM738"/>
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        <balance>165224.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>10248939.86000000</valUSD>
        <pctVal>1.605148348134</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ACWA POWER Company SJSC</name>
        <lei>558600Y0TFKRV2QZ1A74</lei>
        <title>ACWA POWER CO</title>
        <cusip>M529AL106</cusip>
        <identifiers>
          <isin value="SA15CGS10H12"/>
          <other otherDesc="Internal" value="BM8SKZ4"/>
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        <balance>345655.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>17625466.49000000</valUSD>
        <pctVal>2.760430718491</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>BinDawood Holding Company SJSC</name>
        <lei>N/A</lei>
        <title>BINDAWOOD HOLDING CO</title>
        <cusip>M19960109</cusip>
        <identifiers>
          <isin value="SA154HG210H6"/>
          <other otherDesc="Internal" value="BMBQDG7"/>
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        <balance>719731.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>902032.75000000</valUSD>
        <pctVal>0.141272794884</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>Rasan Information Technology Company SCJSC</name>
        <lei>N/A</lei>
        <title>RASAN INFORMATION TECHNOLOGY CO</title>
        <cusip>M8189E101</cusip>
        <identifiers>
          <isin value="SA162GIK1SH5"/>
          <other otherDesc="Internal" value="BMDKGW4"/>
        </identifiers>
        <balance>73993.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>2693986.87000000</valUSD>
        <pctVal>0.421921548310</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Retal Urban Development Company SJSC</name>
        <lei>N/A</lei>
        <title>RETAL URBAN DEVELOPMENT CO</title>
        <cusip>M8S0B0106</cusip>
        <identifiers>
          <isin value="SA15J1S23H17"/>
          <other otherDesc="Internal" value="BMF4WT3"/>
        </identifiers>
        <balance>514099.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>1334630.60000000</valUSD>
        <pctVal>0.209024555927</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>Arabian Internet and Communications Services Company SJSC</name>
        <lei>N/A</lei>
        <title>ARABIAN INTERNET COMMUNICATIONS SERVICES CO</title>
        <cusip>M1382U105</cusip>
        <identifiers>
          <isin value="SA15CIBJGH12"/>
          <other otherDesc="Internal" value="BMVH0Q9"/>
        </identifiers>
        <balance>5318.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>288944.76000000</valUSD>
        <pctVal>0.045253383330</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Almunajem Foods Company SJSC</name>
        <lei>N/A</lei>
        <title>ALMUNAJEM FOODS CO</title>
        <cusip>M0853A101</cusip>
        <identifiers>
          <isin value="SA15DGU21117"/>
          <other otherDesc="Internal" value="BMZP382"/>
        </identifiers>
        <balance>51984.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>850108.56000000</valUSD>
        <pctVal>0.133140634002</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Al Nahdi Medical Company SJSC</name>
        <lei>N/A</lei>
        <title>NAHDI MEDICAL CO</title>
        <cusip>M7068U103</cusip>
        <identifiers>
          <isin value="SA15HG521213"/>
          <other otherDesc="Internal" value="BMZPZG4"/>
        </identifiers>
        <balance>67510.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>1662307.44000000</valUSD>
        <pctVal>0.260344004146</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAUDI TADAWUL GROUP HOLDING COMPANY SJSC</name>
        <lei>N/A</lei>
        <title>SAUDI TADAWUL GROUP HOLDING CO</title>
        <cusip>M82598109</cusip>
        <identifiers>
          <isin value="SA15DHKGHBH4"/>
          <other otherDesc="Internal" value="BMZQ749"/>
        </identifiers>
        <balance>91052.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>3152602.14000000</valUSD>
        <pctVal>0.493748054576</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Al Majed for Oud Company SJSC</name>
        <lei>N/A</lei>
        <title>AL MAJED FOR OUD CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA164HF212H1"/>
          <other otherDesc="Internal" value="BN2BBN1"/>
        </identifiers>
        <balance>24077.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>791323.12000000</valUSD>
        <pctVal>0.123933891335</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alkhorayef Water and Power Technologies Company SJSC</name>
        <lei>N/A</lei>
        <title>ALKHORAYEF WATER POWER TECHNOLOGIES CO</title>
        <cusip>M0852G109</cusip>
        <identifiers>
          <isin value="SA1591410GH0"/>
          <other otherDesc="Internal" value="BN33QN1"/>
        </identifiers>
        <balance>38606.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>1007755.91000000</valUSD>
        <pctVal>0.157830737262</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>Al Masane Al Kobra Mining Company SJSC</name>
        <lei>N/A</lei>
        <title>AL MASANE AL KOBRA MINING CO</title>
        <cusip>M08569101</cusip>
        <identifiers>
          <isin value="SA15HG50KL10"/>
          <other otherDesc="Internal" value="BNNVLT6"/>
        </identifiers>
        <balance>74573.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>1646540.70000000</valUSD>
        <pctVal>0.257874679805</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ELM COMPANY SJSC</name>
        <lei>N/A</lei>
        <title>ELM CO</title>
        <cusip>M3046F102</cusip>
        <identifiers>
          <isin value="SA15GG53GHH3"/>
          <other otherDesc="Internal" value="BNYDSH8"/>
        </identifiers>
        <balance>45363.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>7690179.91000000</valUSD>
        <pctVal>1.204405504179</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>East Pipes Integrated Company for Industry</name>
        <lei>N/A</lei>
        <title>EAST PIPES INTEGRATED CO FOR INDUSTRY</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA15GH80KKH0"/>
          <other otherDesc="Internal" value="BNYN3R3"/>
        </identifiers>
        <balance>34087.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>1785786.21000000</valUSD>
        <pctVal>0.279682759803</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arabian Contracting Services Company SJSC</name>
        <lei>N/A</lei>
        <title>ARABIAN CONTRACTING SERVICES CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA15D1I1VJH7"/>
          <other otherDesc="Internal" value="BP4DC81"/>
        </identifiers>
        <balance>42728.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>702725.72000000</valUSD>
        <pctVal>0.110058117625</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Al Hammadi Holding Company SJSC</name>
        <lei>N/A</lei>
        <title>AL HAMMADI CO FOR DEVELOPMENT AND INVESTMENT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA13J051UJH4"/>
          <other otherDesc="Internal" value="BP7RRL8"/>
        </identifiers>
        <balance>177366.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>1187866.91000000</valUSD>
        <pctVal>0.186039008369</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>Arabian Drilling Company SJSC</name>
        <lei>N/A</lei>
        <title>ARABIAN DRILLING CO</title>
        <cusip>M00018107</cusip>
        <identifiers>
          <isin value="SA15L1I156H7"/>
          <other otherDesc="Internal" value="BPNZYP9"/>
        </identifiers>
        <balance>58177.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>1470462.18000000</valUSD>
        <pctVal>0.230297959736</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Al-Saif Stores Development and Investment Company SJSC</name>
        <lei>N/A</lei>
        <title>ALSAIF STORES FOR DEVELOPMENT INVESTMENT CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA15M1PI1G19"/>
          <other otherDesc="Internal" value="BPP1LG5"/>
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        <balance>376727.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>650815.26000000</valUSD>
        <pctVal>0.101928107082</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>Al-Dawaa Medical Services Co</name>
        <lei>N/A</lei>
        <title>AL DAWAA MEDICAL SERVICES CO</title>
        <cusip>M0512C100</cusip>
        <identifiers>
          <isin value="SA15H14I11H6"/>
          <other otherDesc="Internal" value="BPW7GB6"/>
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        <balance>73498.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>752088.95000000</valUSD>
        <pctVal>0.117789191100</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Almoosa Health Company SJSC</name>
        <lei>N/A</lei>
        <title>ALMOOSA HEALTH CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA1661VHUP11"/>
          <other otherDesc="Internal" value="BQ699D8"/>
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        <balance>26522.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>845324.80000000</valUSD>
        <pctVal>0.132391420468</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>Power and Water Utility Company for Jubail and Yanbu SJSC</name>
        <lei>N/A</lei>
        <title>POWER WATER UTILITY CO FOR JUBAIL YANBU</title>
        <cusip>M7S61K102</cusip>
        <identifiers>
          <isin value="SA15L0N10HH3"/>
          <other otherDesc="Internal" value="BQGHZW3"/>
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        <balance>164949.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>1968176.42000000</valUSD>
        <pctVal>0.308247991748</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Jamjoom Pharmaceuticals Factory Company</name>
        <lei>N/A</lei>
        <title>JAMJOOM PHARMACEUTICALS FACTORY CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA15QGU1UNH6"/>
          <other otherDesc="Internal" value="BQS9JR0"/>
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        <balance>44663.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>1628499.63000000</valUSD>
        <pctVal>0.255049158911</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Middle East Pharmaceutical Industries Company SJSC</name>
        <lei>N/A</lei>
        <title>MIDDLE EAST PHARMACEUTICAL CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA160G51UO10"/>
          <other otherDesc="Internal" value="BQXJXP1"/>
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        <balance>9295.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>171453.47000000</valUSD>
        <pctVal>0.026852363065</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>United International Holding Company SJSC</name>
        <lei>N/A</lei>
        <title>UNITED INTERNATIONAL HOLDING CO</title>
        <cusip>M9458Y109</cusip>
        <identifiers>
          <isin value="SA165I21VPH1"/>
          <other otherDesc="Internal" value="BR4Z2D6"/>
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        <balance>58670.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>462717.69000000</valUSD>
        <pctVal>0.072469011029</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>ADES Holding Company Listed Joint Stock Company</name>
        <lei>98450075A96DF4FE9813</lei>
        <title>ADES HOLDING CO</title>
        <cusip>M0183W104</cusip>
        <identifiers>
          <isin value="SA55SG6H5716"/>
          <other otherDesc="Internal" value="BR56KM3"/>
        </identifiers>
        <balance>652095.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>3187008.80000000</valUSD>
        <pctVal>0.499136689324</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Riyadh Cement Company SJSC</name>
        <lei>N/A</lei>
        <title>RIYADH CEMENT CO</title>
        <cusip>M8259P101</cusip>
        <identifiers>
          <isin value="SA15TGH1GA14"/>
          <other otherDesc="Internal" value="BRXDN50"/>
        </identifiers>
        <balance>145692.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>903347.83000000</valUSD>
        <pctVal>0.141478757502</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>The First Milling Company SJSC</name>
        <lei>N/A</lei>
        <title>FIRST MILLING CO</title>
        <cusip>M4319Q106</cusip>
        <identifiers>
          <isin value="SA15QGU13LH9"/>
          <other otherDesc="Internal" value="BRXGTY0"/>
        </identifiers>
        <balance>50711.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>700980.37000000</valUSD>
        <pctVal>0.109784767824</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAL Saudi Logistics Services Company SJSC</name>
        <lei>558600FSWKWXDQOMXT65</lei>
        <title>SAL SAUDI LOGISTICS SERVICES</title>
        <cusip>M8232P103</cusip>
        <identifiers>
          <isin value="SA15T1L22JH8"/>
          <other otherDesc="Internal" value="BS82YJ0"/>
        </identifiers>
        <balance>69011.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>3021735.58000000</valUSD>
        <pctVal>0.473252252524</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Miahona Co SCJSC</name>
        <lei>254900ANGYLKE8WW7G50</lei>
        <title>MIAHONA</title>
        <cusip>M7002Y104</cusip>
        <identifiers>
          <isin value="SA562G5H0I13"/>
          <other otherDesc="Internal" value="BS9CZJ6"/>
        </identifiers>
        <balance>149141.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>454910.31000000</valUSD>
        <pctVal>0.071246250111</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>The Saudi National Bank SJSC</name>
        <lei>5586006ZEFQ542K7CY16</lei>
        <title>NATIONAL COMMERCIAL BANK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA13L050IE10"/>
          <other otherDesc="Internal" value="BSHYYN1"/>
        </identifiers>
        <balance>4891745.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>56017048.39000000</valUSD>
        <pctVal>8.773168144101</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>Modern Mills Company SJSC</name>
        <lei>N/A</lei>
        <title>MODERN MILLS CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA1610O13M15"/>
          <other otherDesc="Internal" value="BSLKY24"/>
        </identifiers>
        <balance>82676.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>622911.07000000</valUSD>
        <pctVal>0.097557863418</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>Electrical Industries Company JSC</name>
        <lei>N/A</lei>
        <title>ELECTRICAL INDUSTRIES CO</title>
        <cusip>M3046D107</cusip>
        <identifiers>
          <isin value="SA13LG50KBH9"/>
          <other otherDesc="Internal" value="BSMSY94"/>
        </identifiers>
        <balance>1039117.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>4361910.74000000</valUSD>
        <pctVal>0.683145175467</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>Jahez International Company for Information Systems Technology</name>
        <lei>N/A</lei>
        <title>JAHEZ INTERNATIONAL CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA1660IIU0H3"/>
          <other otherDesc="Internal" value="BSTJ8V0"/>
        </identifiers>
        <balance>265330.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>932017.50000000</valUSD>
        <pctVal>0.145968887611</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>Dr Soliman Abdel Kader Fakeeh Hospital Company SCJSC</name>
        <lei>N/A</lei>
        <title>DR SOLIMAN ABDEL KADER FAKEEH HOSPITAL CO</title>
        <cusip>M2843A100</cusip>
        <identifiers>
          <isin value="SA562GSHUOH7"/>
          <other otherDesc="Internal" value="BT03ZB7"/>
        </identifiers>
        <balance>135267.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>1369026.26000000</valUSD>
        <pctVal>0.214411467899</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Specialized Medical Company</name>
        <lei>N/A</lei>
        <title>SPECIALIZED MEDICAL CO</title>
        <cusip>M847A3102</cusip>
        <identifiers>
          <isin value="SA16B0CHUPH2"/>
          <other otherDesc="Internal" value="BT25W43"/>
        </identifiers>
        <balance>184351.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>802785.61000000</valUSD>
        <pctVal>0.125729101097</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Derayah Financial Company SJSC</name>
        <lei>558600C5E6NWD3R7QJ90</lei>
        <title>DERAYAH FINANCIAL CO</title>
        <cusip>M2723J106</cusip>
        <identifiers>
          <isin value="SA1690F1VQ15"/>
          <other otherDesc="Internal" value="BV0TR79"/>
        </identifiers>
        <balance>129739.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>775109.14000000</valUSD>
        <pctVal>0.121394522037</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>Middle East Healthcare Company SJSC</name>
        <lei>N/A</lei>
        <title>MIDDLE EAST HEALTHCARE CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SA141H01UKH9"/>
          <other otherDesc="Internal" value="BYQ71T8"/>
        </identifiers>
        <balance>103050.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>896981.56000000</valUSD>
        <pctVal>0.140481697522</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Saudi Ground Services Company SJSC</name>
        <lei>N/A</lei>
        <title>SAUDI GROUND SERVICES CO</title>
        <cusip>M8255M102</cusip>
        <identifiers>
          <isin value="SA13R051UVH9"/>
          <other otherDesc="Internal" value="BYYTJ69"/>
        </identifiers>
        <balance>194255.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75460000"/>
        <valUSD>1411517.08000000</valUSD>
        <pctVal>0.221066211752</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>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>32.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>43159.66000000</valUSD>
        <pctVal>0.006759494923</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>2694600.34000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>43159.66000000</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 Trust</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort </ncom:signature>
      <ncom:signerName>Chuck Pulsfort </ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
