<SEC-DOCUMENT>0001752724-20-212840.txt : 20201022
<SEC-HEADER>0001752724-20-212840.hdr.sgml : 20201022
<ACCEPTANCE-DATETIME>20201022151815
ACCESSION NUMBER:		0001752724-20-212840
CONFORMED SUBMISSION TYPE:	NPORT-P/A
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20200331
FILED AS OF DATE:		20201022
PERIOD START:           	20201231

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TEMPLETON DRAGON FUND INC
		CENTRAL INDEX KEY:			0000919893
		IRS NUMBER:				650473580
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NPORT-P/A
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-08394
		FILM NUMBER:		201254710

	BUSINESS ADDRESS:	
		STREET 1:		300 S.E. 2ND STREET
		CITY:			FORT LAUDERDALE
		STATE:			FL
		ZIP:			33301-1923
		BUSINESS PHONE:		9545277500

	MAIL ADDRESS:	
		STREET 1:		300 S.E. 2ND STREET
		CITY:			FORT LAUDERDALE
		STATE:			FL
		ZIP:			33301-1923
</SEC-HEADER>
<DOCUMENT>
<TYPE>NPORT-P/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
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    <isConfidential>false</isConfidential>
    <accessionNumber>0001752724-20-114179</accessionNumber>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0000919893</cik>
          <ccc>XXXXXXXX</ccc>
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      <regName>Templeton Dragon Fund, Inc.</regName>
      <regFileNumber>811-08394</regFileNumber>
      <regCik>0000919893</regCik>
      <regLei>549300L5KGV2K28LYW59</regLei>
      <regStreet1>300 S.E. 2nd Street</regStreet1>
      <regCity>Fort Lauderdale</regCity>
      <regStateConditional regCountry="US" regState="US-FL"/>
      <regZipOrPostalCode>33301-1923</regZipOrPostalCode>
      <regPhone>954-527-7500</regPhone>
      <seriesName>Templeton Dragon Fund, Inc.</seriesName>
      <seriesLei>549300L5KGV2K28LYW59</seriesLei>
      <repPdEnd>2020-12-31</repPdEnd>
      <repPdDate>2020-03-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>671800792.10</totAssets>
      <totLiabs>5070515.74</totLiabs>
      <netAssets>666730276.36</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>161054794.73000000</assetsInvested>
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        <name>JIANGLING MOTORS CORP LTD ORD HKD1 CL B</name>
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        <name>JONJEE HIGH-TECH INDUSTRIAL AND COMMERCIAL HOLDI ORD CNY1</name>
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      <invstOrSec>
        <name>TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ORD TWD10</name>
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        <name>SINOPHARM GROUP CO LTD ORD HKD 1 CL H</name>
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        <name>HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO LTD ORD CNY1 CL A</name>
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        <name>GDS HOLDINGS LTD SPONSORED ADR</name>
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        <name>Shenzhen Mindray Bio-Medical Electronics Co Ltd ORD CNY 1 CL A</name>
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        <name>Sunwoda Electronic Co Ltd ORD CNY 1 CL A</name>
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        <name>JIANGSU YANGNONG CHEMICAL CO LTD ORD CNY1 CL A</name>
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        <name>Wuxi Biologics Cayman Inc ORD HKD 0.000025</name>
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        <name>GSX Techedu Inc ADR</name>
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        <name>SUOFEIYA HOME COLLECTION CO LTD ORD CNY1 CL A</name>
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        <name>BAIDU INC ADR CLASS A</name>
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        <name>CHINA CONSTRUCTION BANK CORP ORD HKD1 CL H</name>
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        <name>JINYU BIO-TECHNOLOGY CO LTD ORD CNY1 CL A</name>
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        <name>CSPC PHARMACEUTICAL GROUP LTD ORD HKD.1</name>
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        <name>ANHUI CONCH CEMENT CO LTD ORD H CNY1</name>
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        <name>BEIJING ORIENTAL YUHONG WATERPROOF TECHNOLOGY CO ORD CNY1 CL A</name>
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      <invstOrSec>
        <name>SHIMAO PROPERTY HOLDINGS LTD ORD HKD.1</name>
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        <name>AIA GROUP LTD ORD USD1 (HKE)</name>
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        <name>CHINA MOBILE LTD ORD HKD NPV</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CHINA MERCHANTS SHEKOU INDUSTRIAL ZONE HOLDINGS CO LTD ORD CNY1 CL A</name>
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        <name>CNOOC LTD ORD HKD NPV</name>
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        <name>JIANGSU HENGRUI MEDICINE CO LTD ORD CNY1 CL A</name>
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        <name>INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD ORD CNY1 CL-A</name>
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        <name>JD.COM INC SPONSORED ADR</name>
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        <name>Wuhan Raycus Fiber Laser Technologies Co Ltd ORD CNY 1</name>
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        <name>CHINA RESOURCES LAND LTD ORD HKD.1</name>
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        <name>Trip.com Group Ltd SPONSORED ADR</name>
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        <name>HONGFA TECHNOLOGY CO LTD ORD CNY1 CL A</name>
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        <name>Will Semiconductor Ltd ORD CNY 1 CL A</name>
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        <name>PING AN INSURANCE GROUP CO OF CHINA LTD ORD CNY1 A</name>
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        <name>CHINA CONSTRUCTION BANK CORP ORD A CNY1</name>
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        <name>CHINA LIFE INSURANCE CO LTD ORD HKD1 CLASS H</name>
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        <name>CK HUTCHISON HOLDINGS LTD ORD HKD1</name>
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        <name>CHINA OVERSEAS LAND &amp; INVESTMENT LTD ORD HKD.10</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>SONGCHENG PERFORMANCE DEVELOPMENT CO LTD ORD CNY1 CL A</name>
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      <invstOrSec>
        <name>SHENZHEN INOVANCE TECHNOLOGY CO LTD ORD CNY1 CL A</name>
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          <ticker value="300124"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>

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      <invstOrSec>
        <name>A-LIVING SERVICES CO LTD ORD HKD 1 CL H</name>
        <lei>3003007MSHCO6ZTTSZ09</lei>
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        <cusip>Y0038M100</cusip>
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          <ticker value="3319"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Shenzhen Kinwong Electronic Co Ltd ORD CNY 1 CL A</name>
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        <cusip>000000000</cusip>
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          <isin value="CNE100002FZ7"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Shanghai Kinetic Medical Co Ltd ORD CNY 1 CL A</name>
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          <isin value="CNE100001FG9"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>I-Mab SPONSORED ADR</name>
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        <cusip>44975P103</cusip>
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          <ticker value="IMAB"/>
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        <invCountry>KY</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>ALIBABA GROUP HOLDING LTD SPONSORED ADR</name>
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          <ticker value="BABA"/>
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        <assetCat>EC</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Shenzhen Senior Technology Material Co Ltd ORD CNY 1 CL A</name>
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          <isin value="CNE100002DP3"/>
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        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>INNER MONGOLIA YILI INDUSTRIAL GROUP CO LTD ORD CNY1 CL A</name>
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          <isin value="CNE000000JP5"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CHINA MERCHANTS BANK CO LTD ORD CNY1 CLASS H</name>
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        <title>CHINA MERCHANTS BANK CO LTD ORD CNY1 CLASS H</title>
        <cusip>Y14896115</cusip>
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          <ticker value="3968"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>BAOZUN INC SPONSORED ADR</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NINE DRAGONS PAPER HOLDINGS LTD ORD HKD.1</name>
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        <name>MIDEA GROUP CO LTD ORD CNY1 CL A</name>
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        <name>Shenzhen YUTO Packaging Technology Co Ltd ORD CNY 1 CL A</name>
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        <name>CHINA MERCHANTS BANK CO LTD ORD CNY1 CLASS A</name>
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        <name>GREE ELECTRIC APPLIANCES INC OF ZHUHAI ORD CNY1 CLASS-A</name>
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        <name>Innocare Pharma Ltd ORD HKD 1 144A REGS</name>
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        <name>CHINA RESOURCES BEER HOLDINGS COMPANY LTD ORD HKD1</name>
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        <name>IFT MONEY MARKET PORTFOLIO OEMF-SWEEP MONEY MARKET PORTFOLIO</name>
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        <name>NEW ORIENTAL EDUCATION &amp; TECH GROUP INC ADR USD NPV SPONS</name>
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        <name>Laobaixing Pharmacy Chain JSC ORD CNY 1 CL A</name>
        <lei>N/A</lei>
        <title>Laobaixing Pharmacy Chain JSC ORD CNY 1 CL A</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000023Q8"/>
          <other otherDesc="Internal Identifier" value="876678"/>
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        <balance>468900.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>MEINIAN ONEHEALTH HEALTHCARE HOLDINGS CO LTD ORD CNY1</name>
        <lei>N/A</lei>
        <title>MEINIAN ONEHEALTH HEALTHCARE HOLDINGS CO LTD ORD CNY1</title>
        <cusip>000000000</cusip>
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          <isin value="CNE000001LV7"/>
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        <name>Zhejiang Jiemei Electronic &amp; Technology Co Ltd ORD CNY 1 CL A</name>
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        <cusip>000000000</cusip>
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        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <balance>0.00000</balance>
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        <name>LUXSHARE PRECISION INDUSTRY CO LTD ORD CNY1 CL A</name>
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        <cusip>000000000</cusip>
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        <balance>947360.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BEIJING ORIGINWATER TECHNOLOGY CO LTD ORD CNY1 CL A</name>
        <lei>300300JGUWLVI6KFDX02</lei>
        <title>BEIJING ORIGINWATER TECHNOLOGY CO LTD ORD CNY1 CL A</title>
        <cusip>Y0772Q101</cusip>
        <identifiers>
          <ticker value="300070"/>
          <other otherDesc="Internal Identifier" value="520676"/>
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        <balance>3973300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.10030000"/>
        <valUSD>5172442.78000000</valUSD>
        <pctVal>0.775792395125</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </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"/>
      <explntrNote note="Used CNY (Onshore Yuan) instead of CNH (Offshore Yuan) for all base currency isocodes. " noteItem="C.2.b"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Robert Kubilis</ncom:nameOfApplicant>
      <ncom:signature>Robert Kubilis</ncom:signature>
      <ncom:signerName>Robert Kubilis</ncom:signerName>
      <ncom:title>Chief Financial Officer, Chief Accounting Officer and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
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<DOCUMENT>
<TYPE>NPORT-EX
<SEQUENCE>2
<FILENAME>TDF_581.htm
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<DIV
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<DIV
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2020 (unaudited)<BR>
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text-decoration:none;text-transform:none;vertical-align:bottom;width:9.33%;">&#8201;&#8199;&#8199;&#8199;88,413
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text-decoration:none;text-transform:none;vertical-align:bottom;width:11.69%;">&#8201;&#8199;&#8199;&#8199;&#8199;50,977
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</TD><TD
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</TD><TD
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</TD><TD
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<TR
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text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
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</TD><TD
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text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">China Construction Bank Corp., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:5pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:9.33%;">&#8199;3,875,500
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:11.69%;">&#8199;&#8199;3,469,209
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">China Construction Bank Corp., H</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:5pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:9.33%;">&#8199;6,359,272
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:11.69%;">&#8199;&#8199;5,200,516
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">China Merchants Bank Co. Ltd., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">1,536,346
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">7,002,224
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">China Merchants Bank Co. Ltd., H</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">3,264,500
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:13.89pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">14,737,864
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Industrial and Commercial Bank of China Ltd., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">9,988,218
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">7,262,876
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:62.81%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:13.89pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">37,672,689
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Beverages 1.7%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">China Resources Beer Holdings Co. Ltd.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">1,082,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">4,940,608
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Kweichow Moutai Co. Ltd., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:20.56pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">39,445
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">6,187,560
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:62.81%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:13.89pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">11,128,168
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Biotechnology 2.6%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">BeiGene Ltd.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">436,600
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">4,299,744
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">I-Mab, ADR</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:20.56pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">18,922
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">245,986
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a,c,d</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">InnoCare Pharma Ltd., 144A, Reg S</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">478,400
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">702,236
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Innovent Biologics Inc.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">2,356,900
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">9,941,198
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a,b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Jinyu Bio-Technology Co. Ltd., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">806,700
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">2,428,358
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:62.81%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:13.89pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">17,617,522
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Chemicals 1.4%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a,b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Jiangsu Yangnong Chemical Co. Ltd., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">277,900
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">2,645,004
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a,b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Shenzhen Capchem Technology Co. Ltd., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">1,064,210
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">5,371,762
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a,b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Shenzhen Senior Technology Material Co. Ltd., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">383,240
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">1,418,786
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:62.81%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">9,435,552
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Commercial Services &amp; Supplies 3.3%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">A-Living Services Co. Ltd., H</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">3,400,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:13.89pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">16,533,701
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Beijing Originwater Technology Co. Ltd., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">3,973,300
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">5,172,443
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:62.81%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:13.89pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">21,706,144
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Construction Materials 2.7%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Anhui Conch Cement Co. Ltd., H</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">1,387,500
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">9,637,592
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Beijing Oriental Yuhong Waterproof Technology Co. Ltd., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">1,768,600
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">8,497,770
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:62.81%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:13.89pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">18,135,362
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Containers &amp; Packaging 1.4%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a,b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Shenzhen YUTO Packaging Technology Co. Ltd., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">1,291,200
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">4,058,187
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Zhejiang Jiemei Electronic &amp; Technology Co. Ltd., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">988,250
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">4,993,924
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:62.81%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">9,052,111
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Diversified Consumer Services 3.9%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">GSX Techedu Inc., ADR</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">182,676
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">7,738,156
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">New Oriental Education &amp; Technology Group Inc., ADR</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">166,693
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:13.89pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">18,042,850
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:0.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:0.75pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:62.81%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:0.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:0.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:0.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt Solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:0.75pt;padding-left:13.89pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">25,781,006
</TD></TR></TABLE>
</DIV>
</DIV>
<DIV
style="margin-top:36pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:none;">Quarterly Statement of
Investments&nbsp;&nbsp;|&nbsp;&nbsp;See Notes to Consolidated Statement of Investments.&nbsp;&nbsp;|&nbsp;&nbsp;1</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:left;text-decoration:none;text-transform:uppercase;">Templeton Dragon Fund, Inc.<BR>
Consolidated Statement of Investments (unaudited)</DIV>
</DIV>
<DIV
style="margin-top:40pt;width:100%;" type="Block">
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:0.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:1.5pt;text-align:left;vertical-align:top;width:62.81%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:1.5pt;padding-right:5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">Country
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:5pt;padding-right:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">Shares
</TD><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:5pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">Value
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:3pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:3pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Common Stocks <FONT
style="font-size:8pt;font-weight:Normal;line-height:11pt;">(continued)</FONT>
</TD><TD
style="line-height:10pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:3pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Electrical Equipment 1.0%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a,b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Hongfa Technology Co. Ltd., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:5pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:9.33%;">&#8199;1,102,135
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:5pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:11.69%;">&#8199;&#8199;$<FONT
style="padding-left:8.89pt;"></FONT>4,296,498
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a,b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Sunwoda Electronic Co. Ltd., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:5pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:9.33%;">&#8199;1,334,600
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:11.69%;">&#8199;&#8199;2,662,605
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:62.81%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">6,959,103
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Electronic Equipment, Instruments &amp; Components 3.4%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Flytech Technology Co. Ltd.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">Taiwan
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:5pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:9.33%;">&#8201;&#8199;&#8199;405,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:11.69%;">&#8201;&#8199;&#8199;&#8199;794,895
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Hangzhou Hikvision Digital Technology Co. Ltd., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:5pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:9.33%;">&#8201;&#8199;&#8199;556,800
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:11.69%;">&#8199;&#8199;2,193,395
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Luxshare Precision Industry Co. Ltd., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">947,360
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">5,104,308
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a,b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Shenzhen Kinwong Electronic Co. Ltd., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">600,260
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">3,707,924
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Sunny Optical Technology Group Co. Ltd.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">437,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">5,884,801
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a,b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Wuhan Raycus Fiber Laser Technologies Co. Ltd.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">165,300
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">1,815,791
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a,b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">WUS Printed Circuit Kunshan Co. Ltd., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">1,028,870
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">3,439,978
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:62.81%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:13.89pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">22,941,092
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Food &amp; Staples Retailing 0.8%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Beijing Jingkelong Co. Ltd., H</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">872,029
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:25.01pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">123,730
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a,b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Laobaixing Pharmacy Chain JSC, A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">468,900
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">5,157,403
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:62.81%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">5,281,133
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Food Products 1.5%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Inner Mongolia Yili Industrial Group Co. Ltd., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">946,500
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">3,990,468
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a,b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Jonjee Hi-Tech Industrial and Commercial Holding Co. Ltd.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">914,600
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">6,172,662
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:62.81%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:13.89pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">10,163,130
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Health Care Equipment &amp; Supplies 1.0%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a,b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Autobio Diagnostics Co. Ltd., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">121,300
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">1,995,092
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a,b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Shanghai Kinetic Medical Co. Ltd., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">937,300
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">2,718,269
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a,b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Shenzhen Mindray Bio-Medical Electronics Co. Ltd., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:20.56pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">45,900
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">1,696,016
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:62.81%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">6,409,377
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Health Care Providers &amp; Services 0.8%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a,b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Meinian Onehealth Healthcare Holdings Co. Ltd.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">2,118,139
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">3,531,976
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Sinopharm Group Co. Ltd., H</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">898,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">2,020,099
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:62.81%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">5,552,075
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Hotels, Restaurants &amp; Leisure 1.5%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a,b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Songcheng Performance Development Co. Ltd., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">933,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">3,290,694
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Yum China Holdings Inc.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">155,335
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">6,621,931
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:62.81%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">9,912,625
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Household Durables 1.9%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Gree Electric Appliances Inc. of Zhuhai, A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">189,176
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">1,394,280
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Midea Group Co. Ltd., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">1,067,516
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">7,298,147
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Suofeiya Home Collection Co. Ltd., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">1,552,700
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">3,941,764
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:62.81%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:13.89pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">12,634,191
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Industrial Conglomerates 0.4%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">CK Hutchison Holdings Ltd.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:12.90%;">Hong Kong
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">366,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">2,469,065
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Insurance 6.2%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">AIA Group Ltd.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:12.90%;">Hong Kong
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">2,571,380
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:13.89pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">23,267,180
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">China Life Insurance Co. Ltd., H</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">4,398,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">8,611,461
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Ping An Insurance (Group) Co. of China Ltd., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">636,950
</TD><TD
style="line-height:0pt;padding-bottom:3pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">6,220,661
</TD></TR></TABLE>
</DIV>
</DIV>
<DIV
style="margin-top:32pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:none;">&nbsp;&nbsp;|&nbsp;&nbsp;2</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:uppercase;">Templeton Dragon Fund, Inc.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:uppercase;">Consolidated Statement of Investments
(unaudited)</DIV>
</DIV>
<DIV
style="margin-top:40pt;width:100%;" type="Block">
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
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style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:0.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:1.5pt;text-align:left;vertical-align:top;width:62.81%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:1.5pt;padding-right:5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">Country
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:5pt;padding-right:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">Shares
</TD><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:5pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">Value
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:3pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:3pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Common Stocks <FONT
style="font-size:8pt;font-weight:Normal;line-height:11pt;">(continued)</FONT>
</TD><TD
style="line-height:10pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:3pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Insurance <FONT
style="font-weight:Normal;">(continued)</FONT>
</TD><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Ping An Insurance (Group) Co. of China Ltd., H</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:5pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:9.33%;">&#8201;&#8199;&#8199;332,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:11.69%;">&#8199;&#8199;$<FONT
style="padding-left:8.89pt;"></FONT>3,261,053
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:62.81%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:13.89pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">41,360,355
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Interactive Media &amp; Services 12.0%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Baidu Inc., ADR</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:5pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:9.33%;">&#8201;&#8199;&#8199;&#8199;83,779
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:11.69%;">&#8199;&#8199;8,444,086
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Tencent Holdings Ltd.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:5pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:9.33%;">&#8199;1,465,200
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:11.69%;">&#8199;71,855,306
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:62.81%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:13.89pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">80,299,392
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Internet &amp; Direct Marketing Retail 16.7%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Alibaba Group Holding Ltd., ADR</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">340,010
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:13.89pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">66,125,145
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a,e</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Baozun Inc., ADR</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">377,058
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:13.89pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">10,535,001
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">JD.com Inc., ADR</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">352,983
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:13.89pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">14,295,811
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a,d</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Meituan Dianping, B, Reg S</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">727,800
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">8,791,635
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Trip.com Group Ltd., ADR</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">145,300
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">3,407,285
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Vipshop Holdings Ltd., ADR</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">524,166
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">8,166,506
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:62.81%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">111,321,383
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">IT Services 2.0%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">GDS Holdings Ltd., ADR</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">197,446
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:13.89pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">11,445,944
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">TravelSky Technology Ltd., H</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">951,059
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">1,678,199
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:62.81%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:13.89pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">13,124,143
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Life Sciences Tools &amp; Services 2.5%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">WuXi Biologics (Cayman) Inc.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">1,277,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:13.89pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">16,554,146
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Machinery 1.5%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Shenzhen Inovance Technology Co. Ltd., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">758,900
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">2,769,864
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Weichai Power Co. Ltd., H</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">4,574,940
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">7,364,611
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:62.81%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:13.89pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">10,134,475
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Oil, Gas &amp; Consumable Fuels 1.0%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">CNOOC Ltd.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">6,414,800
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">6,727,032
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Paper &amp; Forest Products 1.2%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Nine Dragons Paper Holdings Ltd.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">8,979,001
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">8,188,366
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Pharmaceuticals 2.6%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">CSPC Pharmaceutical Group Ltd.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">5,028,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:13.89pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">10,065,534
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Jiangsu Hengrui Medicine Co. Ltd., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">575,300
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">7,475,448
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:62.81%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:13.89pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">17,540,982
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Real Estate Management &amp; Development 4.8%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">China Merchants Shekou Industrial Zone Holdings Co. Ltd., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:16.12pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">600,658
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">1,397,649
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">China Overseas Land &amp; Investment Ltd.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">2,170,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">6,731,698
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">China Resources Land Ltd.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">2,250,000
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">9,287,147
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Poly Developments and Holdings Group Co. Ltd., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">2,617,200
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">5,494,919
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Shimao Property Holdings Ltd.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">2,559,400
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">9,012,611
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:62.81%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:13.89pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">31,924,024
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Semiconductors &amp; Semiconductor Equipment 7.0%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Taiwan Semiconductor Manufacturing Co. Ltd.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">Taiwan
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">5,019,136
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:13.89pt;padding-top:1.75pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">45,130,845
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a,b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Will Semiconductor Ltd., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:20.56pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">75,200
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">1,655,302
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;vertical-align:top;width:62.81%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:13.89pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">46,786,147
</TD></TR></TABLE>
</DIV>
</DIV>
<DIV
style="margin-top:41pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:none;">&nbsp;&nbsp;|&nbsp;&nbsp;3</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:left;text-decoration:none;text-transform:uppercase;">Templeton Dragon Fund, Inc.<BR>
Consolidated Statement of Investments (unaudited)</DIV>
</DIV>
<DIV
style="margin-top:40pt;width:100%;" type="Block">
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:0.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:1.5pt;text-align:left;vertical-align:top;width:62.81%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:1.5pt;padding-right:5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">Country
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:5pt;padding-right:2pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">Shares
</TD><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:4pt;padding-right:5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:4pt;padding-left:5pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">Value
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:3pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:3pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Common Stocks <FONT
style="font-size:8pt;font-weight:Normal;line-height:11pt;">(continued)</FONT>
</TD><TD
style="line-height:10pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:3pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:3pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Specialty Retail 0.7%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">b</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">China International Travel Service Corp. Ltd., A</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:5pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:9.33%;">&#8201;&#8199;&#8199;462,900
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:11.69%;">&#8199;&#8199;$<FONT
style="padding-left:8.89pt;"></FONT>4,392,076
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Textiles, Apparel &amp; Luxury Goods 3.4%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Anta Sports Products Ltd.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:5pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:9.33%;">&#8199;3,092,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:11.69%;">&#8199;22,713,446
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Wireless Telecommunication Services 0.5%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">China Mobile Ltd.</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:12.90%;">China
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:5pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:9.33%;">&#8201;&#8199;&#8199;437,000
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:11.69%;">&#8199;&#8199;3,249,605
</TD></TR>
<TR
style="height:16.5pt;page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Total Common Stocks (Cost $489,737,127)</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">652,204,691
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.25pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.25pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Short Term Investments 2.5%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.25pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.25pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.25pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.25pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Money Market Funds (Cost $11,164,026) 1.7%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">f,g</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Institutional Fiduciary Trust Money Market Portfolio, 0.32%</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:12.90%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:5pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">11,164,026
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:13.89pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">11,164,026
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Investments from Cash Collateral Received for Loaned Securities 0.8%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:8pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;">Money Market Funds (Cost $5,137,415) 0.8%
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:11.69%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:top;width:2.08%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">f,g</SUP>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Institutional Fiduciary Trust Money Market Portfolio, 0.32%</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:1.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:12.90%;">United States
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:9.45pt;padding-right:2pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.33%;">5,137,415
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:18.34pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">5,137,415
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:1.75pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Total Investments (Cost $506,038,568) 100.3%</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.75pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.75pt;padding-left:9.45pt;padding-top:2.5pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">668,506,132
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:0.5pt;padding-top:1.75pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:2.5pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:1.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Other Assets, less Liabilities (0.3)%</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:2pt;padding-top:1.75pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:2.5pt;padding-right:5pt;padding-top:1.75pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:2.5pt;padding-left:15.68pt;padding-top:1.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">(1,879,907)
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:4pt;padding-right:0.5pt;padding-top:2.5pt;text-align:right;vertical-align:top;width:2.08%;">&#160;
</TD><TD
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;padding-bottom:4pt;padding-left:0.5pt;padding-right:1.5pt;padding-top:2.5pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;width:62.81%;"><DIV
style="float:left;">Net Assets 100.0%</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="line-height:0pt;padding-bottom:4pt;padding-right:5pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:12.90%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:4pt;padding-right:2pt;padding-top:2.5pt;text-align:right;vertical-align:bottom;width:9.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:4pt;padding-right:5pt;padding-top:2.5pt;text-align:left;vertical-align:bottom;width:2.18%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:4pt;padding-left:5pt;padding-top:2.5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:11.69%;">$666,626,225
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:none;">&nbsp;</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;margin-top:6pt;text-align:left;text-decoration:none;text-transform:none;">See Abbreviations on page
8.</DIV>
<DIV
style="text-align:center;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:auto;margin-right:auto;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:0pt;padding-top:10pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:100%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">&#8224;</SUP>Rounds to less than 0.1% of net assets.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:0pt;padding-top:1pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:100%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a</SUP>Non-income producing.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:0pt;padding-top:1pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:100%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">b</SUP>The security is owned by Templeton China Opportunities Fund, Ltd., a wholly-owned subsidiary of the Fund. See Note 5.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:0pt;padding-top:1pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:100%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">c</SUP>Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from
registration only to qualified institutional buyers or in a public offering registered under the Securities Act of 1933. At March 31, 2020, the value of this security was $702,236 representing 0.1% of net assets.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:0pt;padding-top:1pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:100%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">d</SUP>Security was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts from registration securities
offered and sold outside of the United States. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an
exemption from registration. At March 31, 2020, the aggregate value of these securities was $9,493,871, representing 1.4% of net assets.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:0pt;padding-top:1pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:100%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">e</SUP>A portion or all of the security is on loan at March 31, 2020. &#8202;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:0pt;padding-top:1pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:100%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">f</SUP>See &#8202;Note 5 regarding investments in affiliated management investment companies.
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:0pt;padding-top:1pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:100%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">g</SUP>The rate shown is the annualized seven-day effective yield at period end.
</TD></TR></TABLE>
</DIV>
</DIV>
<DIV
style="margin-top:205pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:none;">&nbsp;&nbsp;|&nbsp;&nbsp;4</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:uppercase;">Templeton Dragon Fund, Inc.<BR>
</DIV>
</DIV>
<DIV
style="margin-top:47pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:18pt;font-style:Normal;font-weight:Normal;line-height:21pt;text-align:left;text-decoration:none;text-transform:none;">Notes to Consolidated Statement of
Investments (unaudited)</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">1.&nbsp;&nbsp; ORGANIZATION</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:5pt;text-align:left;text-decoration:none;text-transform:none;">Templeton Dragon Fund, Inc. (Fund)
is registered under the Investment Company Act of 1940 (1940 Act) as a closed-end management investment company and applies the specialized accounting and reporting guidance in U.S. Generally Accepted Accounting
Principles (U.S. GAAP).&nbsp;</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">2.&nbsp;&nbsp;FINANCIAL INSTRUMENT
VALUATION</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:9pt;text-align:left;text-decoration:none;text-transform:none;">The Fund&#8217;s investments in
financial instruments are carried at fair value daily. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the
measurement date. The Fund calculates the net asset value (NAV) per share each business day as of 4 p.m. Eastern time or the regularly scheduled close of the New York Stock Exchange (NYSE), whichever is earlier. Under
compliance policies and procedures approved by the Fund&#8217;s Board of Directors (the Board), the Fund&#8217;s administrator has responsibility for oversight of valuation, including leading the cross-functional
Valuation Committee (VC). The Fund may utilize independent pricing services, quotations from securities and financial instrument dealers, and other market sources to determine fair value.</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:9pt;text-align:left;text-decoration:none;text-transform:none;">Equity securities listed on an
exchange or on the NASDAQ National Market System are valued at the last quoted sale price or the official closing price of the day, respectively. Foreign equity securities are valued as of the close of trading on the
foreign stock exchange on which the security is primarily traded, or as of 4 p.m. Eastern time. The value is then converted into its U.S. dollar equivalent at the foreign exchange rate in effect at 4 p.m. Eastern time
on the day that the value of the security is determined. Over-the-counter (OTC) securities are valued within the range of the most recent quoted bid and ask prices. Securities that trade in multiple markets or on
multiple exchanges are valued according to the broadest and most representative market. Certain equity securities are valued based upon fundamental characteristics or relationships to similar securities.</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:9pt;text-align:left;text-decoration:none;text-transform:none;">Investments in open-end mutual funds
are valued at the closing NAV.</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:9pt;text-align:left;text-decoration:none;text-transform:none;">The Fund has procedures to determine
the fair value of financial instruments for which market prices are not reliable or readily available. Under these procedures, the Fund primarily employs a market-based approach which may use related or comparable
assets or liabilities, recent transactions, market multiples, book values, and other relevant information for the investment to determine the fair value of the investment. An income-based valuation approach may also
be used in which the anticipated future cash flows of the investment are discounted to calculate fair value. Discounts may also be applied due to the nature or duration of any restrictions on the disposition of the
investments. Due to the inherent uncertainty of valuations of such investments, the fair values may differ significantly from the values that would have been used had an active market existed.</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:9pt;text-align:left;text-decoration:none;text-transform:none;">Trading in securities on foreign
securities stock exchanges and OTC markets may be completed before 4 p.m. Eastern time. In addition, trading in certain foreign markets may not take place on every Fund&#8217;s business day. Occasionally, events occur
between the time at which trading in a foreign security is completed and 4 p.m. Eastern time that might call into question the reliability of the value of a portfolio security held by the Fund. As a result,
differences may arise between the value of the Fund&#8217;s portfolio securities as determined at the foreign market close and the latest indications of value at 4 p.m. Eastern time. In order to minimize the potential
for these differences, the VC monitors price movements following the close of trading in foreign stock markets through a series of country specific market proxies (such as baskets of American Depositary Receipts,
futures contracts and exchange traded funds). These price movements are measured against established trigger thresholds for each specific market proxy to assist in determining if an event has occurred that may call
into question the reliability of the values of the foreign securities held by the Fund. If such an event occurs, the securities may be valued using fair value procedures, which may include the use of independent
pricing services. At March 31, 2020, a market event occurred resulting in a portion of the securities held by the Fund being valued using fair value procedures.</DIV>
</DIV>
<DIV
style="margin-top:65pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:none;">&nbsp;&nbsp;|&nbsp;&nbsp;5</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:left;text-decoration:none;text-transform:uppercase;">Templeton Dragon Fund, Inc.<BR>
Notes to Consolidated Statements of Investments (unaudited)</DIV>
</DIV>
<DIV
style="margin-top:21pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:31pt;text-align:left;text-decoration:none;text-transform:none;">2.&nbsp;&nbsp;FINANCIAL INSTRUMENT
VALUATION<FONT
style="font-size:8pt;font-weight:Normal;line-height:11pt;"> (continued)<BR>
</FONT></DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:left;text-decoration:none;text-transform:none;">When the last day of the reporting period is a
non-business day, certain foreign markets may be open on those days that the Fund&#8217;s NAV is not calculated, which could result in differences between the value of the Fund&#8217;s portfolio securities on the last
business day and the last calendar day of the reporting period. Any significant security valuation changes due to an open foreign market are adjusted and reflected by the Fund for financial reporting purposes.
&nbsp;</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">3.&nbsp;&nbsp;CONCENTRATION OF RISK</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:9pt;text-align:left;text-decoration:none;text-transform:none;">Investing in foreign securities may
include certain risks and considerations not typically associated with investing in U.S. securities, such as fluctuating currency values and changing local, regional and global economic, political and social
conditions, which may result in greater market volatility. Current political and financial uncertainty surrounding the European Union may increase market volatility and the economic risk of investing in securities in
Europe. In addition, certain foreign securities may not be as liquid as U.S. securities.</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:9pt;text-align:left;text-decoration:none;text-transform:none;">Investing in China A-shares may
include certain risks and considerations not typically associated with investing in U.S. securities. In general, A-shares are issued by companies incorporated in the People&#8217;s Republic of China (PRC) and listed
on the Shanghai and Shenzhen Stock Exchanges and available for investment by domestic (Chinese) investors and holders of a Qualified Foreign Institutional Investor (QFII) license and, in the case of certain eligible
A-shares, through the Shanghai and Shenzhen Stock Connect programs. The Shanghai and Shenzhen Stock Exchanges are, however, substantially smaller, less liquid and more volatile than the major securities markets in the
United States.&nbsp;</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">4.&nbsp;&nbsp;NOVEL CORONAVIRUS
PANDEMIC</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:9pt;text-align:left;text-decoration:none;text-transform:none;">The global outbreak of the novel
coronavirus disease, known as COVID-19, has caused adverse effects on many companies, sectors, nations, regions and the markets in general, and may continue for an unpredictable duration. The effects of this pandemic
may materially impact the value and performance of the Fund, its ability to buy and sell fund investments at appropriate valuations and its ability to achieve its investment objectives.&nbsp;</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">5.&nbsp;&nbsp;INVESTMENTS IN AFFILIATED
MANAGEMENT INVESTMENT COMPANIES</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:9pt;text-align:left;text-decoration:none;text-transform:none;">The Fund invests in one or more
affiliated management investment companies for purposes other than exercising a controlling influence over the management or policies. During the period ended March 31, 2020, the Fund held investments in affiliated
management investment companies as follows:</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:6pt;text-align:left;vertical-align:bottom;width:28.42%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3.5pt;padding-left:4pt;padding-right:4pt;padding-top:6pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.83%;">Value at<BR>
Beginning<BR>
of Period
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3.5pt;padding-left:4pt;padding-right:4pt;padding-top:6pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.83%;">Purchases
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3.5pt;padding-left:4pt;padding-right:4pt;padding-top:6pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.26%;">Sales
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3.5pt;padding-left:4pt;padding-right:4pt;padding-top:6pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">Realized<BR>
Gain (Loss)
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3.5pt;padding-left:4pt;padding-right:4pt;padding-top:6pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:10.33%;">Net Change in<BR>
Unrealized<BR>
Appreciation<BR>
(Depreciation)
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3.5pt;padding-left:4pt;padding-right:4pt;padding-top:6pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.83%;">Value at<BR>
End of<BR>
Period
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3.5pt;padding-left:4pt;padding-right:4pt;padding-top:6pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.76%;">Number of<BR>
Shares<BR>
Held at End<BR>
of Period
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3.5pt;padding-left:4pt;padding-top:6pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.82%;">Investment<BR>
Income
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.88pt;padding-left:0pt;padding-top:2.38pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:bottom;width:100%;" colspan="9">Non-Controlled Affiliates
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.88pt;text-align:left;vertical-align:bottom;width:28.42%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:8.83%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:8.83%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:9.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:8.74%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:10.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:8.83%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:8.76%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3.5pt;padding-left:4pt;padding-top:1.88pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.82%;">Dividends
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:0pt;padding-right:4pt;padding-top:2.88pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:28.42%;"><DIV
style="float:left;">Institutional Fiduciary Trust Money Market Portfolio, 0.32%</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:8pt;padding-right:4pt;padding-top:2.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.83%;">$21,610,576
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:8pt;padding-right:4pt;padding-top:2.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.83%;">$72,340,445
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:8pt;padding-right:4pt;padding-top:2.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:9.26%;">$(82,786,995)
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:8pt;padding-right:4pt;padding-top:2.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">$&#8195;&#8194;&#8212;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:8pt;padding-right:4pt;padding-top:2.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:10.33%;">$&#8195;&#8194;&#8212;
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:8pt;padding-right:4pt;padding-top:2.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:8.83%;">$<FONT
style="padding-left:0.48pt;"></FONT>11,164,026
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:8pt;padding-right:4pt;padding-top:2.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.76%;">11,164,026
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:8pt;padding-top:2.88pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:8.82%;">$54,100
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:28.42%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:8.83%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:8.83%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:9.26%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:8.74%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:10.33%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:8.83%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:8.76%;">&#160;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3.5pt;padding-left:4pt;padding-top:1.88pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.82%;">Income from<BR>
securities<BR>
loaned
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3.5pt;padding-left:0pt;padding-right:4pt;padding-top:2.88pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:28.42%;"><DIV
style="float:left;">Institutional Fiduciary Trust Money Market Portfolio, 0.32%</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:11pt;line-height:11pt;padding-bottom:3.5pt;padding-left:27.73pt;padding-right:4pt;padding-top:2.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;
text-transform:none;vertical-align:bottom;width:8.83%;">&#8195;&#8194;&#8212;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3.5pt;padding-left:15.30pt;padding-right:4pt;
padding-top:2.88pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.83%;">9,520,714
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3.5pt;padding-left:15.30pt;padding-right:4pt;
padding-top:2.88pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.26%;">(4,383,299)
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:11pt;line-height:11pt;padding-bottom:3.5pt;padding-left:11.65pt;padding-right:4pt;padding-top:2.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;
text-transform:none;vertical-align:bottom;width:8.74%;">&#8195;&#8194;&#8212;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;color:#000000;font-family:Arial Narrow;font-family:Arial Narrow;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;
font-weight:Normal;line-height:11pt;line-height:11pt;padding-bottom:3.5pt;padding-left:11.65pt;padding-right:4pt;padding-top:2.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;
text-transform:none;vertical-align:bottom;width:10.33%;">&#8195;&#8194;&#8212;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3.5pt;padding-left:15.30pt;padding-right:4pt;
padding-top:2.88pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.83%;">5,137,415
</TD><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3.5pt;padding-left:11.17pt;padding-right:4pt;padding-top:2.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.76%;">5,137,415
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3.5pt;padding-left:11.65pt;padding-top:2.88pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.82%;">10,135
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3.5pt;padding-left:16pt;padding-right:4pt;padding-top:2.88pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:28.42%;"><DIV
style="float:left;">Total Affiliated Securities</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3.5pt;padding-left:24pt;padding-right:4pt;
padding-top:2.88pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.83%;">$21,610,576
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3.5pt;padding-left:24pt;padding-right:4pt;
padding-top:2.88pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.83%;">$81,861,159
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3.5pt;padding-left:24pt;padding-right:4pt;
padding-top:2.88pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:9.26%;">$(87,170,294)
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3.5pt;padding-left:24pt;padding-right:4pt;
padding-top:2.88pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:8.74%;">$<FONT
style="padding-left:6.55pt;"></FONT>&#8194;&#8212;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3.5pt;padding-left:24pt;padding-right:4pt;
padding-top:2.88pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:10.33%;">$<FONT
style="padding-left:6.55pt;"></FONT>&#8194;&#8212;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3.5pt;padding-left:24pt;padding-right:4pt;
padding-top:2.88pt;text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.83%;">$16,301,441
</TD><TD
style="line-height:0pt;padding-bottom:3.5pt;padding-right:4pt;padding-top:2.88pt;text-align:right;vertical-align:bottom;width:8.76%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3.5pt;padding-left:24pt;padding-top:2.88pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:8.82%;">$64,235
</TD></TR></TABLE>
</DIV>
</DIV>
<DIV
style="margin-top:83pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:none;">&nbsp;&nbsp;|&nbsp;&nbsp;6</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:uppercase;">Templeton Dragon Fund, Inc.</DIV>
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:uppercase;">Notes to Consolidated Statements of
Investments (unaudited)</DIV>
</DIV>
<DIV
style="margin-top:21pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">6.&nbsp;&nbsp;INVESTMENTS IN TEMPLETON
CHINA OPPORTUNITIES FUND, LTD. (China Fund)</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:9pt;text-align:left;text-decoration:none;text-transform:none;">The Fund invests in certain China
A-shares through its investment in the China Fund. The China Fund is a Cayman Islands exempted company, and is a wholly-owned subsidiary of the Templeton Dragon Fund, and is able to invest directly in China A-shares
consistent with the investment objective of the Templeton Dragon Fund. At March 31, 2020, the China Fund&#8217;s investments as well as any other assets and liabilities of the China Fund are reflected in the
Fund&#8217;s Consolidated Statement of Investments. At March 31, 2020, the net assets of the China Fund were $161,023,176, representing 24.2% of the Fund&#8217;s consolidated net assets.</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:9pt;text-align:left;text-decoration:none;text-transform:none;">The China Fund gains access to the
A-shares market through Templeton Investment Counsel, LLC (TIC), which serves as the registered QFII for the China Fund. Investment decisions related to the China Fund A-shares are specific to the Fund and it bears
the resultant economic and tax consequences of its holdings and transactions in A-shares. The China Fund is subject to certain restrictions and administrative processes relating to its ability to repatriate cash
balances, investment proceeds, and earnings associated with its A-shares and may incur substantial delays in gaining access to its assets or a loss of value in the event of noncompliance with applicable Chinese rules
or requirements.&nbsp;</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">7.&nbsp;&nbsp;FAIR VALUE MEASUREMENTS</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:9pt;text-align:left;text-decoration:none;text-transform:none;">The Fund follows a fair value
hierarchy that distinguishes between market data obtained from independent sources (observable inputs) and the Fund&#8217;s own market assumptions (unobservable inputs). These inputs are used in determining the value
of the Fund&#8217;s financial instruments and are summarized in the following fair value hierarchy:</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-left:3.57%;margin-top:3pt;width:96.43%;" cellpadding="9" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
white-space:nowrap;width:1.03%;">&#8226;&#8194;
</TD><TD
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:98.97%;
">Level 1 &#8211; quoted prices in active markets for identical financial instruments<BR>

</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
white-space:nowrap;width:1.03%;">&#8226;&#8194;
</TD><TD
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;width:98.97%;
">Level 2 &#8211; other significant observable inputs (including quoted prices for similar financial instruments, interest rates, prepayment speed, credit risk, etc.)<BR>

</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:0pt;padding-right:2pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;white-space:nowrap;width:1.03%;">&#8226;&#8194;
</TD><TD
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;padding-bottom:0pt;padding-left:2pt;text-align:left;text-decoration:none;text-transform:none;vertical-align:top;
width:98.97%;">Level 3 &#8211; significant unobservable inputs (including the Fund&#8217;s own assumptions in determining the fair value of financial instruments)
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:9pt;text-align:left;text-decoration:none;text-transform:none;">The input levels are not necessarily
an indication of the risk or liquidity associated with financial instruments at that level.</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:9pt;text-align:left;text-decoration:none;text-transform:none;">A summary of inputs used as of March
31, 2020, in valuing the Fund&#8217;s assets carried at fair value, is as follows:</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #999999;line-height:8pt;padding-bottom:3pt;padding-right:9pt;padding-top:5pt;text-align:left;vertical-align:bottom;width:39.09%;">&#160;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3pt;padding-left:9pt;padding-right:9pt;padding-top:5pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.67%;">Level 1
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3pt;padding-left:9pt;padding-right:9pt;padding-top:5pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.67%;">Level 2
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3pt;padding-left:9pt;padding-right:9pt;padding-top:5pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.67%;">Level 3
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:3pt;padding-left:9pt;padding-top:5pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">Total
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:1.88pt;padding-left:0pt;padding-right:9pt;padding-top:2.88pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:39.09%;">Assets:
</TD><TD
style="line-height:8pt;padding-bottom:1.88pt;padding-right:9pt;padding-top:2.88pt;text-align:right;vertical-align:bottom;width:15.67%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:9pt;padding-top:2.88pt;text-align:right;vertical-align:bottom;width:15.67%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:9pt;padding-top:2.88pt;text-align:right;vertical-align:bottom;width:15.67%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-top:2.88pt;text-align:right;vertical-align:bottom;width:15.67%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:8pt;padding-right:9pt;padding-top:1.88pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:39.09%;">Investments in Securities:<SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a</SUP>
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:9pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:15.67%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:9pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:15.67%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:9pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:15.67%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:15.67%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:14pt;padding-right:9pt;padding-top:1.88pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:39.09%;">Equity Investments:
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:9pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:15.67%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:9pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:15.67%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-right:9pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:15.67%;">&#160;
</TD><TD
style="line-height:0pt;padding-bottom:1.88pt;padding-top:1.88pt;text-align:right;vertical-align:bottom;width:15.67%;">&#160;
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:20pt;padding-right:9pt;padding-top:1.88pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:39.09%;"><DIV
style="float:left;">Electronic Equipment, Instruments &amp; Components</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:0pt;padding-right:9pt;padding-top:1.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:15.67%;">$<FONT
style="padding-left:16.54pt;">22,146,197</FONT>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:0pt;padding-right:9pt;padding-top:1.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:15.67%;">$<FONT
style="padding-left:27.65pt;">794,895</FONT>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:0pt;padding-right:9pt;padding-top:1.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:15.67%;">$<FONT
style="padding-left:48.55pt;">&#8212;</FONT>
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:0pt;padding-top:1.88pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;width:15.67%;">$<FONT
style="padding-left:16.54pt;">22,941,092</FONT>
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:20pt;padding-right:9pt;padding-top:1.88pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:39.09%;"><DIV
style="float:left;">Semiconductors &amp; Semiconductor Equipment</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:34.43pt;padding-right:9pt;padding-top:1.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">1,655,302
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:29.98pt;padding-right:9pt;padding-top:1.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">45,130,845
</TD><TD
style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;line-height:11pt;
padding-bottom:1.88pt;padding-left:53pt;padding-right:9pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:15.67%;">&#8212;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:29.98pt;padding-top:1.88pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">46,786,147
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:20pt;padding-right:9pt;padding-top:1.88pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:bottom;width:39.09%;"><DIV
style="float:left;">All Other Equity Investments</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-bottom:-4pt;margin-top:4pt;padding-top:2pt;vertical-align:auto;"
noshade="noshade">
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:25.54pt;padding-right:9pt;padding-top:1.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">582,477,452
</TD><TD
style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;line-height:11pt;
padding-bottom:1.88pt;padding-left:53pt;padding-right:9pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:15.67%;">&#8212;
</TD><TD
style="color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;line-height:11pt;line-height:11pt;
padding-bottom:1.88pt;padding-left:53pt;padding-right:9pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;white-space:nowrap;
width:15.67%;">&#8212;
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:1.88pt;padding-left:25.54pt;padding-top:1.88pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">582,477,452
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:14pt;padding-right:9pt;padding-top:1.88pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:bottom;width:39.09%;"><DIV
style="float:left;">Short Term Investments</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-top:0.5pt;" noshade="noshade">
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:29.98pt;padding-right:9pt;padding-top:1.88pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">16,301,441
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;
line-height:11pt;line-height:11pt;padding-left:53pt;padding-right:9pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;
white-space:nowrap;width:15.67%;">&#8212;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;color:#000000;font-family:Arial;font-family:Arial;font-size:8pt;font-size:8pt;font-style:Normal;font-style:Normal;font-weight:Normal;font-weight:Normal;
line-height:11pt;line-height:11pt;padding-left:53pt;padding-right:9pt;padding-top:1.88pt;text-align:right;text-decoration:none;text-decoration:none;text-transform:none;text-transform:none;vertical-align:bottom;
white-space:nowrap;width:15.67%;">&#8212;
</TD><TD
style="border-bottom:0.5pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:29.98pt;padding-top:1.88pt;text-align:right;text-decoration:none;
text-transform:none;vertical-align:bottom;white-space:nowrap;width:15.67%;">16,301,441
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:26pt;padding-right:9pt;padding-top:2.75pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:bottom;width:39.09%;"><DIV
style="float:left;">Total Investments in Securities</DIV><HR
style="background-color:transparent;border-bottom:dotted medium Black;border-left:transparent;border-right:transparent;border-top:transparent;margin-top:0.5pt;" noshade="noshade">
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:0pt;padding-right:9pt;padding-top:2.75pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.67%;">$<FONT
style="padding-left:12.09pt;"></FONT>622,580,392
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:0pt;padding-right:9pt;padding-top:2.75pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.67%;">$<FONT
style="padding-left:16.54pt;"></FONT>45,925,740
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:0pt;padding-right:9pt;padding-top:2.75pt;
text-align:right;text-decoration:none;text-transform:none;vertical-align:bottom;width:15.67%;">$<FONT
style="padding-left:44.11pt;"></FONT>&#8194;&#8212;
</TD><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:3pt;padding-left:0pt;padding-top:2.75pt;text-align:right;
text-decoration:none;text-transform:none;vertical-align:bottom;width:15.67%;">$<FONT
style="padding-left:12.09pt;"></FONT>668,506,132
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:none;">&nbsp;</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:100%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-left:0pt;padding-top:3pt;text-align:left;text-decoration:none;text-transform:none;
vertical-align:top;width:100%;"><SUP
style="font-size:85%;font-style:Normal;text-transform:none;vertical-align:text-top;">a</SUP>For detailed categories, see the accompanying Consolidated Statement of Investments.&#8202;
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:18pt;text-align:left;text-decoration:none;text-transform:none;">8.&nbsp;&nbsp;SUBSEQUENT EVENTS</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:9pt;text-align:left;text-decoration:none;text-transform:none;">The Fund has evaluated subsequent
events through the issuance of the Consolidated Statement of Investments and determined that no events have occurred that require disclosure.&nbsp;</DIV>
</DIV>
<DIV
style="margin-top:70pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:none;">&nbsp;&nbsp;|&nbsp;&nbsp;7</DIV>
</DIV>
</DIV>
<DIV
style="clear:both;font-size:12pt;height:0pt;">
</DIV>
<HR
style="margin-bottom:0pt;">
<!--PAGE BREAK-->
<DIV
style="width:100%;">
<DIV
style="width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial Narrow;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:left;text-decoration:none;text-transform:uppercase;">Templeton Dragon Fund, Inc.<BR>
Notes to Consolidated Statements of Investments (unaudited)</DIV>
</DIV>
<DIV
style="margin-top:22pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:10pt;font-style:Normal;font-weight:bold;line-height:13pt;margin-top:15pt;text-align:left;text-decoration:none;text-transform:none;">Abbreviations</DIV>
<DIV
style="text-align:left;">
<TABLE
style="border-collapse:collapse;empty-cells:show;margin-top:0pt;width:27.55%;" cellpadding="0" cellspacing="0">
<TR
style="page-break-inside:avoid;"><TD
style="border-bottom:1pt solid #999999;color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:bold;line-height:12pt;padding-bottom:3pt;padding-left:0pt;padding-right:18pt;padding-top:6pt;
text-align:left;text-decoration:none;text-transform:none;vertical-align:bottom;width:96.76%;" colspan="2">Selected Portfolio
</TD></TR>
<TR
style="page-break-inside:avoid;"><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:bold;line-height:11pt;padding-bottom:6pt;padding-left:0pt;padding-right:4.5pt;padding-top:2.75pt;text-align:left;text-decoration:none;
text-transform:none;vertical-align:top;white-space:nowrap;width:15.72%;">ADR
</TD><TD
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;padding-bottom:6pt;padding-left:4.5pt;padding-right:18pt;padding-top:2.75pt;text-align:left;
text-decoration:none;text-transform:none;vertical-align:top;width:81.04%;">American Depositary Receipt
</TD></TR></TABLE>
</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:9pt;text-align:left;text-decoration:none;text-transform:none;">&nbsp;</DIV>
<DIV
style="color:#000000;font-family:Arial;font-size:9pt;font-style:Normal;font-weight:Normal;line-height:12pt;margin-top:308pt;text-align:left;text-decoration:none;text-transform:none;">For additional information on the
Fund&#8217;s significant accounting policies, please refer to the Fund&#8217;s most recent semiannual or annual shareholder report.</DIV>
</DIV>
<DIV
style="margin-top:21pt;width:100%;" type="Block">
<DIV
style="color:#000000;font-family:Arial;font-size:8pt;font-style:Normal;font-weight:Normal;line-height:11pt;text-align:right;text-decoration:none;text-transform:none;">&nbsp;&nbsp;|&nbsp;&nbsp;8</DIV>
</DIV>
</DIV>
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style="clear:both;font-size:12pt;height:0pt;">
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</SEC-DOCUMENT>
