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        <name>Subaru Corp.</name>
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        <name>Softbank Group Corp.</name>
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        <name>Raiffeisen Bank International AG</name>
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        <name>Fastighets AB Balder</name>
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      <invstOrSec>
        <name>Mercedes-Benz Group AG</name>
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      <invstOrSec>
        <name>Orica Ltd.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Isetan Mitsukoshi Holdings Ltd.</name>
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      <invstOrSec>
        <name>Honda Motor Co Ltd.</name>
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        <title>Honda Motor Co Ltd. NPV</title>
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          <isin value="JP3854600008"/>
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        <name>Airbus SE</name>
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      <invstOrSec>
        <name>Kyushu Railway Co.</name>
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          <isin value="JP3247010006"/>
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      <invstOrSec>
        <name>United Overseas Bank Ltd.</name>
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        <assetCat>EC</assetCat>
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        <name>Deutsche Boerse AG</name>
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          <isin value="DE0005810055"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Atlas Copco AB</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Securitas AB</name>
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        <name>Tenaris SA</name>
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        <name>Diageo PLC</name>
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        <name>Ageas SA/NV</name>
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        <name>UPM-Kymmene Corporation</name>
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        <name>Bandai Namco Holdings Inc.</name>
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        <name>Kewpie Corp</name>
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        <name>Financiere De Tubize SA</name>
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        <name>SBI Holdings Inc</name>
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        <name>Navigator Company SA(The)</name>
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        <name>SGH Ltd.</name>
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        <name>Menora Mivtachim Holdings Ltd.</name>
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        <title>Menora Mivtachim Holdings Ltd. ORD ILS1</title>
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        <name>Japan Metropolitan Fund Investment Corp.</name>
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        <name>Coloplast AS</name>
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      <invstOrSec>
        <name>EBOS GROUP LTD</name>
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        <name>PGE Polska Grupa Energetyczna S.A.</name>
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        <name>Sundrug Co Ltd</name>
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        <name>Vodafone Group PLC</name>
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        <name>Koninklijke Philips NV</name>
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        <name>JARDINE MATHESON HOLDINGS LTD</name>
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        <name>SATS Ltd.</name>
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        <name>Tsuruha Holdings Inc.</name>
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        <name>Singapore Technologies Engineering Ltd.</name>
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        <name>Haleon PLC</name>
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        <name>Frontline Plc</name>
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        <name>Sanrio Co., Ltd</name>
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        <name>Recordati Industria Chimica e Farmaceutica S.p.A.</name>
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        <name>Nippon Sanso Holdings Corp.</name>
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        <name>Kuraray Co Ltd</name>
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        <name>Imperial Brands PLC</name>
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        <name>Sekisui House Ltd</name>
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        <name>Westpac Banking Corp.</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
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        <name>Bank of Ireland Group PLC</name>
        <lei>635400C8EK6DRI12LJ39</lei>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Nomura Real Estate Master Fund, Inc.</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Sumitomo Mitsui Financial Group Inc.</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>Sumitomo Mitsui Financial Group Inc. NPV</title>
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          <isin value="JP3890350006"/>
          <ticker value="8316"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Migdal Insurance &amp; Financial Holdings Ltd.</name>
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        <title>Migdal Insurance &amp; Financial Holdings Ltd. ILS0.01</title>
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          <isin value="IL0010811656"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Kansai Electric Power Co Inc</name>
        <lei>353800PFUKP5ONPJNZ86</lei>
        <title>Kansai Electric Power Co Inc NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3228600007"/>
          <ticker value="9503"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Jardine Cycle &amp; Carriage Ltd.</name>
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        <title>Jardine Cycle &amp; Carriage Ltd. NPV</title>
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          <isin value="SG1B51001017"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AIB Group PLC</name>
        <lei>635400AKJBGNS5WNQL34</lei>
        <title>AIB Group PLC ORD EUR0.625</title>
        <cusip>000000000</cusip>
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          <isin value="IE00BF0L3536"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TechnologyOne Ltd.</name>
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        <title>TechnologyOne Ltd. NPV</title>
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          <isin value="AU000000TNE8"/>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Galp Energia SGPS SA</name>
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        <title>Galp Energia SGPS SA EUR1</title>
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          <isin value="PTGAL0AM0009"/>
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        <assetCat>EC</assetCat>
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        <invCountry>PT</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Pernod Ricard SA</name>
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          <isin value="FR0000120693"/>
          <ticker value="RI"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sumitomo Rubber Industries Ltd.</name>
        <lei>353800JD4V72SJ3EOX37</lei>
        <title>Sumitomo Rubber Industries Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3404200002"/>
          <ticker value="5110"/>
          <other otherDesc="SEDOL" value="6858991"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bakkafrost P/F</name>
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        <title>Bakkafrost P/F DKK1</title>
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          <isin value="FO0000000179"/>
          <ticker value="BAKKA"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FO</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Shin-Etsu Chemical Co Ltd.</name>
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          <isin value="JP3371200001"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Investor AB</name>
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        <name>SSAB AB</name>
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      <invstOrSec>
        <name>Nintendo Co Ltd.</name>
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        <title>Nintendo Co Ltd. NPV</title>
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        <invCountry>JP</invCountry>
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        <name>Japan Tobacco Inc</name>
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        <title>Japan Tobacco Inc NPV</title>
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        <name>Lotus Bakeries</name>
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        <invCountry>BE</invCountry>
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      <invstOrSec>
        <name>Wise PLC</name>
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        <title>Wise PLC CLS A ORD GBP0.01</title>
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        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>Avanza Bank Holding AB</name>
        <lei>549300MBWR5H8SIJLE03</lei>
        <title>Avanza Bank Holding AB NPV</title>
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          <ticker value="AZA"/>
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        <invCountry>SE</invCountry>
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      <invstOrSec>
        <name>Komatsu Ltd.</name>
        <lei>5493004LQ0B4T7QPQV17</lei>
        <title>Komatsu Ltd. NPV</title>
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          <isin value="JP3304200003"/>
          <ticker value="6301"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Anglo American PLC</name>
        <lei>549300S9XF92D1X8ME43</lei>
        <title>Anglo American PLC ORD USD0.623855311355311</title>
        <cusip>000000000</cusip>
        <identifiers>
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          <ticker value="AAL"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Denso Corp.</name>
        <lei>549300RYPA10CQM3QK38</lei>
        <title>Denso Corp. NPV</title>
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          <isin value="JP3551500006"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Phoenix Financial Ltd.</name>
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        <identifiers>
          <isin value="IL0007670123"/>
          <ticker value="PHOE"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Novo Nordisk A/S</name>
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          <isin value="DK0062498333"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mitsubishi Electric Corp.</name>
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        <title>Mitsubishi Electric Corp. NPV</title>
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          <isin value="JP3902400005"/>
          <ticker value="6503"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Kikkoman Corp</name>
        <lei>529900T9K5UH9HXOND47</lei>
        <title>Kikkoman Corp NPV</title>
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          <isin value="JP3240400006"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Orion Oyj</name>
        <lei>74370029VAHCXDR7B745</lei>
        <title>Orion Oyj SER'B'NPV</title>
        <cusip>000000000</cusip>
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          <isin value="FI0009014377"/>
          <ticker value="ORNBV"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>FI</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ZIJIN GOLD INTERNATIONAL COMPANY LI</name>
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        <title>ZIJIN GOLD INTERNATIONAL COMPANY LI NPV</title>
        <cusip>000000000</cusip>
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          <isin value="HK0001200002"/>
          <ticker value="2259"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Mirvac Group</name>
        <lei>N/A</lei>
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          <isin value="AU000000MGR9"/>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Orsted A/S</name>
        <lei>W9NG6WMZIYEU8VEDOG48</lei>
        <title>Orsted A/S DKK10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DK0060094928"/>
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        <assetCat>EC</assetCat>
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        <invCountry>DK</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Macquarie Group Ltd.</name>
        <lei>ACMHD8HWFMFUIQQ8Y590</lei>
        <title>Macquarie Group Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000MQG1"/>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cellebrite Di Ltd</name>
        <lei>254900G03462YGP1IO36</lei>
        <title>Cellebrite Di Ltd ORDINARY SHARES</title>
        <cusip>000000000</cusip>
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          <isin value="IL0011794802"/>
          <ticker value="CLBT"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Commonwealth Bank of Australia</name>
        <lei>MSFSBD3QN1GSN7Q6C537</lei>
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        <cusip>000000000</cusip>
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          <isin value="AU000000CBA7"/>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Energix Renewable Energies Ltd.</name>
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        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Telenor ASA</name>
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        <assetCat>EC</assetCat>
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        <invCountry>NO</invCountry>
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      <invstOrSec>
        <name>Aurizon Holdings Ltd.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Transurban Group</name>
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          <ticker value="TCL"/>
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        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Banca Mediolanum SpA</name>
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          <isin value="IT0004776628"/>
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        <invCountry>IT</invCountry>
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        <name>Cosmos Pharmaceutical Corp.</name>
        <lei>N/A</lei>
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          <isin value="JP3298400007"/>
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        <invCountry>JP</invCountry>
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        <name>Japan Exchange Group Inc</name>
        <lei>353800578ADEGIJTVW07</lei>
        <title>Japan Exchange Group Inc NPV</title>
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        <invCountry>JP</invCountry>
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        <name>Aviva PLC</name>
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      <invstOrSec>
        <name>Telstra Group Ltd.</name>
        <lei>894500WRW54CVN62K416</lei>
        <title>Telstra Group Ltd. NPV</title>
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        <invCountry>AU</invCountry>
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      <invstOrSec>
        <name>SCENTRE GROUP LTD</name>
        <lei>529900TUCASM3W86E831</lei>
        <title>Scentre Group Ltd. NPV STAPLED UNIT</title>
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        <issuerCat>CORP</issuerCat>
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        <name>Wharf (Holdings) Ltd. The</name>
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        <name>Nikon Corp</name>
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        <name>Allianz SE</name>
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      <invstOrSec>
        <name>Volkswagen AG</name>
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        <name>Azbil Corp.</name>
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        <name>Schindler Holding AG</name>
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        <name>Telefonica, S.A.</name>
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        <name>Square- Enix Holdings Co Ltd.</name>
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        <name>Sectra AB</name>
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        <name>DAVIDE CAMPARI - MILANO NV</name>
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        <name>Nice Limited</name>
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        <name>Orange SA</name>
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        <name>ITOCHU Corp.</name>
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        <name>Thales SA</name>
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        <name>Takeda Pharmaceutical Co Ltd.</name>
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        <name>Central Japan Railway Co.</name>
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        <name>Mitsubishi Heavy Industries Ltd.</name>
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        <name>Mcdonald's Holding</name>
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        <name>Rheinmetall AG</name>
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        <name>Sumitomo Chemical Co Ltd.</name>
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        <name>Kingfisher PLC</name>
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        <name>Skandinaviska Enskilda Banken AB (publ)</name>
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        <name>Galaxy Entertainment Group Ltd.</name>
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      <invstOrSec>
        <name>Axa SA</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EDP SA</name>
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        <name>Prosus NV</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Investor AB</name>
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        <name>Spirax Group PLC</name>
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        <name>NH Foods Ltd.</name>
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        <title>NH Foods Ltd. NPV</title>
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          <isin value="JP3743000006"/>
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      <invstOrSec>
        <name>Koei Tecmo Holdings Co Ltd.</name>
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        <title>Koei Tecmo Holdings Co Ltd. NPV</title>
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          <isin value="JP3283460008"/>
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        <name>Dexus</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Yokogawa Electric Corporation</name>
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        <title>Yokogawa Electric Corporation NPV</title>
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          <isin value="JP3955000009"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AGC Inc.</name>
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        <title>AGC Inc. NPV</title>
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          <isin value="JP3112000009"/>
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        <fairValLevel>1</fairValLevel>
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        <name>United Urban Investment Corp.</name>
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        <title>United Urban Investment Corp. REIT</title>
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          <isin value="JP3045540006"/>
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        <name>Nippon Express Holdings Inc</name>
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        <name>Geberit AG</name>
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        <name>Ashtead Group PLC</name>
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        <title>Ashtead Group PLC ORD GBP0.10</title>
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        <name>GMO Payment Gateway Inc.</name>
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        <name>Clal Insurance Enterprises Holdings Ltd.</name>
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        <name>Nippon Paint Holdings Co Ltd.</name>
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        <name>Pearson PLC</name>
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        <name>Goldman Sachs Trust</name>
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        <title>Goldman Sachs Financial Square Treasury Obligations Fund</title>
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        <name>City Developments Ltd.</name>
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        <title>City Developments Ltd. NPV</title>
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          <ticker value="CIT"/>
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        <name>Sega Sammy Holdings Inc.</name>
        <lei>5493006B6WMKNQ8QNP51</lei>
        <title>Sega Sammy Holdings Inc. NPV</title>
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      <invstOrSec>
        <name>Harel Insurance Investments &amp; Financial Services Ltd.</name>
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        <title>Harel Insurance Investments &amp; Financial Services Ltd. ILS1</title>
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          <isin value="IL0005850180"/>
          <ticker value="HARL"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Fortum Oyj</name>
        <lei>635400IUIZZIUJSAMF76</lei>
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        <cusip>000000000</cusip>
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          <isin value="FI0009007132"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>FI</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Koito Manufacturing Co., Ltd.</name>
        <lei>N/A</lei>
        <title>Koito Manufacturing Co., Ltd. NPV</title>
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          <isin value="JP3284600008"/>
          <ticker value="7276"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KBC Group NV</name>
        <lei>213800X3Q9LSAKRUWY91</lei>
        <title>KBC Group NV NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0003565737"/>
          <ticker value="KBC"/>
          <other otherDesc="SEDOL" value="4497749"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ONO Pharmaceutical Co Ltd</name>
        <lei>529900G26L4NG4GFJZ86</lei>
        <title>ONO Pharmaceutical Co Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3197600004"/>
          <ticker value="4528"/>
          <other otherDesc="SEDOL" value="6660107"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lonza Group AG</name>
        <lei>549300EFW4H2TCZ71055</lei>
        <title>Lonza Group AG CHF1 (REGD)</title>
        <cusip>000000000</cusip>
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          <isin value="CH0013841017"/>
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          <other otherDesc="SEDOL" value="7333378"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STOCKLAND TRUST MANAGEMENT LTD</name>
        <lei>N/A</lei>
        <title>Stockland Corp Ltd. NPV (STAPLED)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000SGP0"/>
          <ticker value="SGP"/>
          <other otherDesc="SEDOL" value="6850856"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bank Polska Kasa Opieki SA</name>
        <lei>5493000LKS7B3UTF7H35</lei>
        <title>Bank Polska Kasa Opieki SA PLN1.00</title>
        <cusip>000000000</cusip>
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          <isin value="PLPEKAO00016"/>
          <ticker value="PEO"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Techtronic Industries Co. Ltd.</name>
        <lei>549300HZW2SBE758OK89</lei>
        <title>Techtronic Industries Co. Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="HK0669013440"/>
          <ticker value="669"/>
          <other otherDesc="SEDOL" value="B0190C7"/>
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        <balance>57778.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.82215000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Orkla ASA</name>
        <lei>549300PZS8G8RG6RVZ52</lei>
        <title>Orkla ASA NOK1.25</title>
        <cusip>000000000</cusip>
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          <isin value="NO0003733800"/>
          <ticker value="ORK"/>
          <other otherDesc="SEDOL" value="B1VQF42"/>
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        <balance>33186.00000000</balance>
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        <currencyConditional curCd="NOK" exchangeRt="9.51340000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nippon Television Holdings Inc.</name>
        <lei>353800QI43C3H97E4W63</lei>
        <title>Nippon Television Holdings Inc. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3732200005"/>
          <ticker value="9404"/>
          <other otherDesc="SEDOL" value="6644060"/>
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        <balance>6746.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.12500000"/>
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        <pctVal>0.015127669906</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>APA GROUP</name>
        <lei>549300T9RBSX164T8H40</lei>
        <title>APA Group Ltd. NPV (STAPLED UNITS)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000APA1"/>
          <ticker value="APA"/>
          <other otherDesc="SEDOL" value="6247306"/>
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        <balance>53540.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.40321300"/>
        <valUSD>351028.67000000</valUSD>
        <pctVal>0.036146131207</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sumitomo Mitsui Trust Group Inc.</name>
        <lei>353800P843RLCDBLNT17</lei>
        <title>Sumitomo Mitsui Trust Group Inc. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3892100003"/>
          <ticker value="8309"/>
          <other otherDesc="SEDOL" value="6431897"/>
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        <balance>27170.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.12500000"/>
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        <pctVal>0.098255001454</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Monday.Com Limited</name>
        <lei>984500MDAFVD86E3B328</lei>
        <title>Monday.Com Limited SHS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0011762130"/>
          <ticker value="MNDY"/>
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        <curCd>USD</curCd>
        <valUSD>121817.28000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mebuki Financial Group Inc</name>
        <lei>353800K1RXV3E3JAE812</lei>
        <title>Mebuki Financial Group Inc NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3117700009"/>
          <ticker value="7167"/>
          <other otherDesc="SEDOL" value="BH0VTS2"/>
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        <currencyConditional curCd="JPY" exchangeRt="156.12500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mowi ASA</name>
        <lei>549300W1OGQF5LZIH349</lei>
        <title>Mowi ASA NOK7.50</title>
        <cusip>000000000</cusip>
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          <ticker value="MOWI"/>
          <other otherDesc="SEDOL" value="B02L486"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CK INFRASTRUCTURE HOLDINGS LTD</name>
        <lei>5299005U11RQ1C27MR12</lei>
        <title>CK Infrastructure Holdings Ltd. HKD1</title>
        <cusip>000000000</cusip>
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          <isin value="BMG2178K1009"/>
          <ticker value="1038"/>
          <other otherDesc="SEDOL" value="BYVS6J1"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bank Millennium SA</name>
        <lei>259400OFDZ9KPZEO8K78</lei>
        <title>Bank Millennium SA PLN1.00</title>
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          <ticker value="MIL"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Air Water Inc.</name>
        <lei>N/A</lei>
        <title>Air Water Inc. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3160670000"/>
          <ticker value="4088"/>
          <other otherDesc="SEDOL" value="6441465"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Origin Energy Ltd.</name>
        <lei>ZSN2LWNPYW6ISMRUC664</lei>
        <title>Origin Energy Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000ORG5"/>
          <ticker value="ORG"/>
          <other otherDesc="SEDOL" value="6214861"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</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>
        <name>Legal &amp; General Group PLC</name>
        <lei>213800JH9QQWHLO99821</lei>
        <title>Legal &amp; General Group PLC ORD GBP0.025</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0005603997"/>
          <ticker value="LGEN"/>
          <other otherDesc="SEDOL" value="0560399"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Elbit Systems Ltd</name>
        <lei>529900Q9CB1REUMZSS32</lei>
        <title>Elbit Systems Ltd ILS1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0010811243"/>
          <ticker value="ESLT"/>
          <other otherDesc="SEDOL" value="6308913"/>
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        <payoffProfile>Long</payoffProfile>
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      <invstOrSec>
        <name>Oriental Land Co Ltd.</name>
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        <name>Terumo Corp.</name>
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      <invstOrSec>
        <name>Wienerberger AG</name>
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        <name>SoftBank Corp</name>
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        <name>Nordnet AB</name>
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        <name>Bank Leumi Le-Israel BM</name>
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      <invstOrSec>
        <name>Marui Group Co Ltd.</name>
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        <name>HONGKONG LAND HOLDINGS LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SANDS CHINA LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Swedbank AB (publ)</name>
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        <name>Israel Corp Ltd.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Snam S.p.A.</name>
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      <invstOrSec>
        <name>Israel Discount Bank Ltd.</name>
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        <name>Asahi Kasei Corp.</name>
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        <name>HASEKO Corp.</name>
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        <name>Ryanair Holdings PLC</name>
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        <name>BAE Systems PLC</name>
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        <name>Volvo Car AB</name>
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        <name>Prada S.p.A.</name>
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        <name>Assa Abloy AB</name>
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      <invstOrSec>
        <name>Vonovia SE</name>
        <lei>5299005A2ZEP6AP7KM81</lei>
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        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CSPC PHARMACEUTICAL GROUP LTD</name>
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        <title>CSPC Pharmaceutical Group Ltd. NPV</title>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Bridgestone Corp.</name>
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      <invstOrSec>
        <name>TOPPAN Holdings Inc</name>
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        <title>TOPPAN Holdings Inc NPV</title>
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      <invstOrSec>
        <name>Shimamura Corp</name>
        <lei>N/A</lei>
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          <isin value="JP3358200008"/>
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      <invstOrSec>
        <name>CD Projekt SA</name>
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        <invCountry>PL</invCountry>
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        <name>TERNA - Rete Elettrica Nazionale S.p.A.</name>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Nisshin Seifun Group Inc.</name>
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          <isin value="JP3676800000"/>
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      <invstOrSec>
        <name>Sumitomo Corp.</name>
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        <title>Sumitomo Corp. NPV</title>
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          <isin value="JP3404600003"/>
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        <assetCat>EC</assetCat>
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        <name>GLP J-REIT</name>
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        <title>GLP J-REIT REIT</title>
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          <isin value="JP3047510007"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Autotrader Group PLC</name>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Saab AB</name>
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        <title>Saab AB NPV B</title>
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        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>AIA Group Ltd, Hong Kong</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sumitomo Electric Industries Ltd.</name>
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        <name>Severn Trent PLC</name>
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        <name>Keisei Electric Railway Co Ltd.</name>
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        <name>Exor Nv</name>
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        <name>Sojitz Corp.</name>
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        <name>Idemitsu Kosan Co.,Ltd.</name>
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        <name>Engie SA</name>
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        <title>Engie SA EUR1</title>
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      <invstOrSec>
        <name>Hankyu Hanshin Holdings Inc.</name>
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        <name>IHI Corp.</name>
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        <title>IHI Corp. NPV</title>
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        <invCountry>JP</invCountry>
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        <name>Zensho Holdings Co., Ltd.</name>
        <lei>353800DYF3UDM49ITT03</lei>
        <title>Zensho Holdings Co., Ltd. NPV</title>
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        <name>Epiroc AB</name>
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        <name>Nitto Denko Corp.</name>
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        <name>Hitachi Ltd.</name>
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        <name>Rakuten Bank Ltd.</name>
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        <name>Wisetech Global Ltd.</name>
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        <name>Dai Nippon Printing Co Ltd.</name>
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        <name>Sweco AB (publ)</name>
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        <name>Volkswagen AG</name>
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        <name>Santen Pharmaceutical Co Ltd.</name>
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        <name>Computershare Ltd.</name>
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        <name>Toyota Motor Corp.</name>
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        <name>SalMar ASA</name>
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        <name>Lifco AB</name>
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        <name>Mizuho Financial Group Inc.</name>
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        <name>Washington H. Soul Pattinson &amp; Co Ltd.</name>
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        <name>ArcelorMittal S.A.</name>
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        <name>Syensqo SA</name>
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        <name>Lasertec Corp.</name>
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        <name>Sumitomo Heavy Industries Ltd</name>
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        <name>Baycurrent Inc.</name>
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        <name>Telefonaktiebolaget LM Ericsson (publ)</name>
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        <name>Northern Star Resources Ltd.</name>
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          <ticker value="NST"/>
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        <pctVal>0.128849324126</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Alfa Laval AB</name>
        <lei>549300UCKT2UK88AG251</lei>
        <title>Alfa Laval AB NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0000695876"/>
          <ticker value="ALFA"/>
          <other otherDesc="SEDOL" value="7332687"/>
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        <balance>11774.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Verisure Plc</name>
        <lei>636700ZY9PP0NGXTA943</lei>
        <title>Verisure Plc ORD EUR 0.001</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BVMN1558"/>
          <ticker value="VSURE"/>
          <other otherDesc="SEDOL" value="BVMN155"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Pandora A/S</name>
        <lei>5299007OWYZ6I1E46843</lei>
        <title>Pandora A/S DKK1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DK0060252690"/>
          <ticker value="PNDORA"/>
          <other otherDesc="SEDOL" value="B44XTX8"/>
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        <currencyConditional curCd="DKK" exchangeRt="6.32800000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CSL Ltd.</name>
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        <title>CSL Ltd. ORD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000CSL8"/>
          <ticker value="CSL"/>
          <other otherDesc="SEDOL" value="6185495"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Unilever PLC</name>
        <lei>549300MKFYEKVRWML317</lei>
        <title>Unilever PLC ORD GBP0.035</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BVZK7T90"/>
          <ticker value="ULVR"/>
          <other otherDesc="SEDOL" value="BVZK7T9"/>
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        <balance>90595.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>3i Group PLC</name>
        <lei>35GDVHRBMFE7NWATNM84</lei>
        <title>3i Group PLC ORD GBP0.738636</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B1YW4409"/>
          <ticker value="III"/>
          <other otherDesc="SEDOL" value="B1YW440"/>
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        <balance>41199.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Rio Tinto PLC</name>
        <lei>213800YOEO5OQ72G2R82</lei>
        <title>Rio Tinto PLC ORD GBP0.10</title>
        <cusip>000000000</cusip>
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          <isin value="GB0007188757"/>
          <ticker value="RIO"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Vend Marketplaces ASA</name>
        <lei>5967007LIEEXZXHT0O36</lei>
        <title>Vend Marketplaces ASA NOK0.50</title>
        <cusip>000000000</cusip>
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          <isin value="NO0010736879"/>
          <ticker value="VEND"/>
          <other otherDesc="SEDOL" value="BWVFKQ3"/>
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        <balance>6844.00000000</balance>
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        <currencyConditional curCd="NOK" exchangeRt="9.51340000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Axfood AB</name>
        <lei>549300QIXCZWZLHE8L05</lei>
        <title>Axfood AB NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0006993770"/>
          <ticker value="AXFO"/>
          <other otherDesc="SEDOL" value="BVGH0K1"/>
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        <balance>4522.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Poste Italiane S.p.A.</name>
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        <title>Poste Italiane S.p.A. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="IT0003796171"/>
          <ticker value="PST"/>
          <other otherDesc="SEDOL" value="BYYN701"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Thule Group AB</name>
        <lei>549300XHHOGBOERKU333</lei>
        <title>Thule Group AB NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0006422390"/>
          <ticker value="THULE"/>
          <other otherDesc="SEDOL" value="BSQXJ01"/>
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        <balance>4408.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Yaskawa Electric Corp.</name>
        <lei>3538003K39GR98R0CK58</lei>
        <title>Yaskawa Electric Corp. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3932000007"/>
          <ticker value="6506"/>
          <other otherDesc="SEDOL" value="6986041"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tohoku Electric Power Co Inc</name>
        <lei>353800KTF7EYIIYHY088</lei>
        <title>Tohoku Electric Power Co Inc NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3605400005"/>
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          <other otherDesc="SEDOL" value="6895266"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>REA Group Ltd.</name>
        <lei>894500KA4UBDATOFPN36</lei>
        <title>REA Group Ltd. ORD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000REA9"/>
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          <other otherDesc="SEDOL" value="6198578"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Oracle Corp Japan</name>
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        <title>Oracle Corp Japan NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3689500001"/>
          <ticker value="4716"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Lottery Corporation Ltd</name>
        <lei>N/A</lei>
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          <ticker value="TLC"/>
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        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Verbund AG</name>
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        <title>Verbund AG CLASS'A'NPV</title>
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        <assetCat>EC</assetCat>
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        <invCountry>AT</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Makita Corp.</name>
        <lei>529900CDR9E94BCM6294</lei>
        <title>Makita Corp. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3862400003"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <name>DSV AS</name>
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        <title>DSV AS DKK1</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Land Securities Group PLC</name>
        <lei>213800V8IAVKS37D6B88</lei>
        <title>Land Securities Group PLC ORD GBP0.106666666</title>
        <cusip>000000000</cusip>
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          <ticker value="LAND"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Boliden AB</name>
        <lei>21380059QU7IM1ONDJ56</lei>
        <title>Boliden AB NPV</title>
        <cusip>000000000</cusip>
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          <ticker value="BOL"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitsubishi Estate Co Ltd</name>
        <lei>353800KOFMRGOXSJ5Z65</lei>
        <title>Mitsubishi Estate Co Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3899600005"/>
          <ticker value="8802"/>
          <other otherDesc="SEDOL" value="6596729"/>
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        <balance>48401.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.12500000"/>
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        <pctVal>0.168488591643</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CapitaLand Integrated Commercial Trust</name>
        <lei>54930031292WUTXF0L29</lei>
        <title>CapitaLand Integrated Commercial Trust NPV (REAL ESTATE INVESTMENT TRUST)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1M51904654"/>
          <ticker value="CICT"/>
          <other otherDesc="SEDOL" value="6420129"/>
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        <balance>238954.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.26485000"/>
        <valUSD>462851.17000000</valUSD>
        <pctVal>0.047660719908</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AERCAP HOLDINGS NV</name>
        <lei>549300SZYINBBLJQU475</lei>
        <title>AerCap Holdings N.V. SHS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0000687663"/>
          <ticker value="AER"/>
        </identifiers>
        <balance>7405.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1106603.20000000</valUSD>
        <pctVal>0.113949166779</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Jeronimo Martins - S.G.P.S., S.A.</name>
        <lei>259400A8SZP10GB5IB19</lei>
        <title>Jeronimo Martins - S.G.P.S., S.A. EUR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PTJMT0AE0001"/>
          <ticker value="JMT"/>
          <other otherDesc="SEDOL" value="B1Y1SQ7"/>
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        <balance>11469.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
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        <pctVal>0.031039153560</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Plus500 Ltd.</name>
        <lei>549300X8NGW9C5OJZU13</lei>
        <title>Plus500 Ltd. ORD ILS0.01 (DI)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0011284465"/>
          <ticker value="PLUS"/>
          <other otherDesc="SEDOL" value="BBT3PS9"/>
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        <balance>3277.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74379800"/>
        <valUSD>176583.10000000</valUSD>
        <pctVal>0.018183118494</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Aker BP ASA</name>
        <lei>549300NFTY73920OYK69</lei>
        <title>Aker BP ASA NOK1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0010345853"/>
          <ticker value="AKRBP"/>
          <other otherDesc="SEDOL" value="B1L95G3"/>
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        <balance>12800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.51340000"/>
        <valUSD>385073.69000000</valUSD>
        <pctVal>0.039651815686</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kirin Holdings Co Ltd</name>
        <lei>353800GBVL72LLMTYM96</lei>
        <title>Kirin Holdings Co Ltd NPV</title>
        <cusip>497350108</cusip>
        <identifiers>
          <isin value="JP3258000003"/>
          <ticker value="2503"/>
          <other otherDesc="SEDOL" value="6493745"/>
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        <balance>34046.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.12500000"/>
        <valUSD>590312.39000000</valUSD>
        <pctVal>0.060785659195</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>James Hardie Industries PLC</name>
        <lei>635400NSGXKTVOO7JU45</lei>
        <title>James Hardie Industries PLC CDI(CHESS DEPOSITARY INTERESTS)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000JHX1"/>
          <ticker value="JHX"/>
          <other otherDesc="SEDOL" value="B60QWJ2"/>
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        <balance>24445.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.40321300"/>
        <valUSD>596137.51000000</valUSD>
        <pctVal>0.061385483568</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Deutsche Telekom AG</name>
        <lei>549300V9QSIG4WX4GJ96</lei>
        <title>Deutsche Telekom AG NPV(REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0005557508"/>
          <ticker value="DTE"/>
          <other otherDesc="SEDOL" value="5842359"/>
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        <balance>148622.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
        <valUSD>5982049.78000000</valUSD>
        <pctVal>0.615983749249</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Indutrade AB</name>
        <lei>549300FISLQ6CEFP1867</lei>
        <title>Indutrade AB NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0001515552"/>
          <ticker value="INDT"/>
          <other otherDesc="SEDOL" value="B0LDBX7"/>
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        <balance>11147.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.02260000"/>
        <valUSD>290084.41000000</valUSD>
        <pctVal>0.029870577651</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Adidas AG</name>
        <lei>549300JSX0Z4CW0V5023</lei>
        <title>Adidas AG NPV (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000A1EWWW0"/>
          <ticker value="ADS"/>
          <other otherDesc="SEDOL" value="4031976"/>
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        <balance>7052.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
        <valUSD>1317221.17000000</valUSD>
        <pctVal>0.135636924587</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UOL Group Ltd.</name>
        <lei>254900O9PRCWTMR86R25</lei>
        <title>UOL Group Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1S83002349"/>
          <ticker value="UOL"/>
          <other otherDesc="SEDOL" value="6916844"/>
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        <balance>21924.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.26485000"/>
        <valUSD>195519.41000000</valUSD>
        <pctVal>0.020133028585</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Santander Bank Polska SA</name>
        <lei>259400LGXW3K0GDAG361</lei>
        <title>Santander Bank Polska SA PLN10.00</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PLBZ00000044"/>
          <ticker value="SPL"/>
          <other otherDesc="SEDOL" value="7153639"/>
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        <balance>1645.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.57265000"/>
        <valUSD>272213.62000000</valUSD>
        <pctVal>0.028030386307</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Telecom Italia S.p.A.</name>
        <lei>549300W384M3RI3VXU42</lei>
        <title>Telecom Italia S.p.A. DI RISP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0003497176"/>
          <ticker value="TITR"/>
          <other otherDesc="SEDOL" value="7634402"/>
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        <balance>251597.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
        <valUSD>220359.71000000</valUSD>
        <pctVal>0.022690884452</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Azrieli Group</name>
        <lei>N/A</lei>
        <title>Azrieli Group ILS0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0011194789"/>
          <ticker value="AZRG"/>
          <other otherDesc="SEDOL" value="B5MN1W0"/>
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        <balance>1525.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.13535000"/>
        <valUSD>218923.72000000</valUSD>
        <pctVal>0.022543017661</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Xero Ltd.</name>
        <lei>254900UG5D8YST164N14</lei>
        <title>Xero Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZXROE0001S2"/>
          <ticker value="XRO"/>
          <other otherDesc="SEDOL" value="B8P4LP4"/>
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        <balance>6790.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.40321300"/>
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        <pctVal>0.041426231593</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fisher &amp; Paykel Healthcare Corp Ltd.</name>
        <lei>N/A</lei>
        <title>Fisher &amp; Paykel Healthcare Corp Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZFAPE0001S2"/>
          <ticker value="FPH"/>
          <other otherDesc="SEDOL" value="6340250"/>
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        <balance>23620.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.66652750"/>
        <valUSD>579683.20000000</valUSD>
        <pctVal>0.059691150031</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</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>Mitsui Fudosan Co Ltd.</name>
        <lei>353800ND4ZKNZDYKMF33</lei>
        <title>Mitsui Fudosan Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3893200000"/>
          <ticker value="8801"/>
          <other otherDesc="SEDOL" value="6597603"/>
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        <balance>115151.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.12500000"/>
        <valUSD>1553662.65000000</valUSD>
        <pctVal>0.159983781381</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHOW TAI FOOK JEWELLERY GROUP LTD</name>
        <lei>254900VXRL7SRSF44G79</lei>
        <title>Chow Tai Fook Jewellery Group Ltd. HKD1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG211461085"/>
          <ticker value="1929"/>
          <other otherDesc="SEDOL" value="B4R39F7"/>
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        <balance>72890.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.82215000"/>
        <valUSD>122257.54000000</valUSD>
        <pctVal>0.012589105847</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Genting Singapore Ltd.</name>
        <lei>254900Y2N3AK93K1O866</lei>
        <title>Genting Singapore Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SGXE21576413"/>
          <ticker value="GENS"/>
          <other otherDesc="SEDOL" value="BDRTVP2"/>
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        <balance>236670.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.26485000"/>
        <valUSD>133785.86000000</valUSD>
        <pctVal>0.013776200244</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Zurich Insurance Group AG</name>
        <lei>529900QVNRBND50TXP03</lei>
        <title>Zurich Insurance Group AG CHF0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0011075394"/>
          <ticker value="ZURN"/>
          <other otherDesc="SEDOL" value="5983816"/>
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        <balance>6114.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.76905000"/>
        <valUSD>4615809.64000000</valUSD>
        <pctVal>0.475299242305</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fresnillo PLC</name>
        <lei>549300JXWH1UV5J0XV81</lei>
        <title>Fresnillo PLC ORD USD0.50</title>
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        <name>ROHM Co Ltd.</name>
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        <name>Fuji Media Holdings Inc</name>
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        <name>Sofina SA</name>
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        <name>Investment AB Latour (publ)</name>
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        <name>Daiwa House Industry Co Ltd.</name>
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        <name>Teva Pharmaceutical Industries Ltd.</name>
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        <name>Tosoh Corp.</name>
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        <name>Tokyo Century Corp.</name>
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        <name>XINYI GLASS HOLDINGS LTD</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SG Holdings Co Ltd.</name>
        <lei>N/A</lei>
        <title>SG Holdings Co Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3162770006"/>
          <ticker value="9143"/>
          <other otherDesc="SEDOL" value="BFFY885"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Powszechny Zaklad Ubezpieczen SA</name>
        <lei>QLPCKOOKVX32FUELX240</lei>
        <title>Powszechny Zaklad Ubezpieczen SA PLN0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PLPZU0000011"/>
          <ticker value="PZU"/>
          <other otherDesc="SEDOL" value="B63DG21"/>
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        <balance>23715.00000000</balance>
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        <currencyConditional curCd="PLN" exchangeRt="3.57265000"/>
        <valUSD>448989.57000000</valUSD>
        <pctVal>0.046233362956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</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>
        <name>Otsuka Holdings Co Ltd.</name>
        <lei>N/A</lei>
        <title>Otsuka Holdings Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3188220002"/>
          <ticker value="4578"/>
          <other otherDesc="SEDOL" value="B5LTM93"/>
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        <balance>18550.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TBS Holdings Inc.</name>
        <lei>N/A</lei>
        <title>TBS Holdings Inc. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3588600001"/>
          <ticker value="9401"/>
          <other otherDesc="SEDOL" value="6894166"/>
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        <balance>5608.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Barratt Redrow PLC</name>
        <lei>2138006R85VEOF5YNK29</lei>
        <title>Barratt Redrow PLC ORD GBP0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0000811801"/>
          <ticker value="BTRW"/>
          <other otherDesc="SEDOL" value="0081180"/>
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        <balance>57113.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.74379800"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SEGRO PLC</name>
        <lei>213800XC35KGM9NFC641</lei>
        <title>SEGRO PLC ORD GBP0.10</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B5ZN1N88"/>
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          <other otherDesc="SEDOL" value="B5ZN1N8"/>
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        <balance>51940.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DBS Group Holdings Ltd.</name>
        <lei>5493007FKT78NKPM5V55</lei>
        <title>DBS Group Holdings Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1L01001701"/>
          <ticker value="DBS"/>
          <other otherDesc="SEDOL" value="6175203"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NESTLE' CAPITAL MARKETS SA</name>
        <lei>549300PZN3NFSOUXLC42</lei>
        <title>Nestle SA CHF0.10 (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0038863350"/>
          <ticker value="NESN"/>
          <other otherDesc="SEDOL" value="7123870"/>
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        <currencyConditional curCd="CHF" exchangeRt="0.76905000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ConvaTec Group PLC</name>
        <lei>213800LS272L4FIDOH92</lei>
        <title>ConvaTec Group PLC ORD GBP0.1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BD3VFW73"/>
          <ticker value="CTEC"/>
          <other otherDesc="SEDOL" value="BD3VFW7"/>
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        <balance>82688.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tomra Systems ASA</name>
        <lei>549300J726JCFJU3VT89</lei>
        <title>Tomra Systems ASA NOK0.50</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0012470089"/>
          <ticker value="TOM"/>
          <other otherDesc="SEDOL" value="BPLXRG7"/>
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        <balance>9731.00000000</balance>
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        <currencyConditional curCd="NOK" exchangeRt="9.51340000"/>
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        <pctVal>0.012386489862</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Obayashi Corp.</name>
        <lei>529900YT4O5S0LCXWD54</lei>
        <title>Obayashi Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3190000004"/>
          <ticker value="1802"/>
          <other otherDesc="SEDOL" value="6656407"/>
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        <balance>28846.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.12500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ALS Ltd.</name>
        <lei>549300RYCQ8DMIO2J661</lei>
        <title>ALS Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000ALQ6"/>
          <ticker value="ALQ"/>
          <other otherDesc="SEDOL" value="B86SZR5"/>
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        <balance>20777.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.40321300"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>BPER Banca S.p.A.</name>
        <lei>N747OI7JINV7RUUH6190</lei>
        <title>BPER Banca S.p.A. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0000066123"/>
          <ticker value="BPE"/>
          <other otherDesc="SEDOL" value="4116099"/>
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        <balance>60010.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Next Vision Stabilized Systems Ltd</name>
        <lei>2549001OCAI48UYCZD40</lei>
        <title>Next Vision Stabilized Systems Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0011765935"/>
          <ticker value="NXSN"/>
          <other otherDesc="SEDOL" value="BN6JDH9"/>
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        <balance>2996.00000000</balance>
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        <currencyConditional curCd="ILS" exchangeRt="3.13535000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</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>
        <name>Swiss Life Holding AG</name>
        <lei>5493000KUC3Z24U77V93</lei>
        <title>Swiss Life Holding AG CHF0.1 (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0014852781"/>
          <ticker value="SLHN"/>
          <other otherDesc="SEDOL" value="7437805"/>
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        <balance>1203.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.76905000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kesko Oyj</name>
        <lei>743700OX6HSVMCAHPB95</lei>
        <title>Kesko Oyj SER'B'EUR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FI0009000202"/>
          <ticker value="KESKOB"/>
          <other otherDesc="SEDOL" value="4490005"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</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>
        <name>Lloyds Banking Group PLC</name>
        <lei>549300PPXHEU2JF0AM85</lei>
        <title>Lloyds Banking Group PLC ORD GBP0.1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0008706128"/>
          <ticker value="LLOY"/>
          <other otherDesc="SEDOL" value="0870612"/>
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        <balance>2492025.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.74379800"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ramsay Health Care Ltd.</name>
        <lei>549300QBX122KF2JPI10</lei>
        <title>Ramsay Health Care Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000RHC8"/>
          <ticker value="RHC"/>
          <other otherDesc="SEDOL" value="6041995"/>
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        <balance>7556.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.40321300"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</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>
        <name>MS&amp;AD Insurance Group Holdings Inc.</name>
        <lei>529900CXROT5S2HMMP26</lei>
        <title>MS&amp;AD Insurance Group Holdings Inc. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3890310000"/>
          <ticker value="8725"/>
          <other otherDesc="SEDOL" value="B2Q4CS1"/>
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        <balance>55369.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.12500000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</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>
        <name>Argenx SE</name>
        <lei>7245009C5FZE6G9ODQ71</lei>
        <title>Argenx SE SPONSORED ADR</title>
        <cusip>04016X101</cusip>
        <identifiers>
          <isin value="US04016X1019"/>
          <ticker value="ARGX"/>
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        <balance>2571.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1971751.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan Post Insurance Co Ltd.</name>
        <lei>54930042SK2Z708BA841</lei>
        <title>Japan Post Insurance Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3233250004"/>
          <ticker value="7181"/>
          <other otherDesc="SEDOL" value="BYT8154"/>
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        <balance>7615.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.12500000"/>
        <valUSD>248850.15000000</valUSD>
        <pctVal>0.025624602608</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Regencell Bioscience Holdings Limited</name>
        <lei>N/A</lei>
        <title>Regencell Bioscience Holdings Limited ORDINARY SHARES</title>
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        <name>Coca-Cola Bottlers Japan Holding Inc.</name>
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        <name>Oddity Tech Ltd.</name>
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        <name>Fast Retailing Co Ltd.</name>
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        <name>L E Lundbergforetagen AB (Publ)</name>
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        <name>Sparebanken Norge AS</name>
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        <name>Mitsubishi Corp.</name>
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        <name>Daikin Industries Ltd.</name>
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        <name>Nomura Holdings Inc.</name>
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        <name>Woodside Energy Group Ltd.</name>
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        <name>Nomura Research Institute Ltd</name>
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        <name>FERRARI NV</name>
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        <name>Keppel Ltd.</name>
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        <name>Yokohama Rubber Co Ltd</name>
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        <name>Auckland International Airport Ltd.</name>
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        <name>Eisai Co Ltd.</name>
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        <name>Shikun &amp; Binui Ltd.</name>
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        <name>Kawasaki Heavy Industries Ltd</name>
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        <name>USS Co Ltd.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Holcim AG</name>
        <lei>529900EHPFPYHV6IQO98</lei>
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          <isin value="CH0012214059"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Chugai Pharmaceutical Co Ltd.</name>
        <lei>529900T9LAII161DCN95</lei>
        <title>Chugai Pharmaceutical Co Ltd. NPV</title>
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          <isin value="JP3519400000"/>
          <ticker value="4519"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Naturgy Energy Group S.A.</name>
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        <title>Naturgy Energy Group S.A. EUR1</title>
        <cusip>000000000</cusip>
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          <isin value="ES0116870314"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>ES</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tokyo Electron Ltd.</name>
        <lei>549300H5LSF8DP3RIJ34</lei>
        <title>Tokyo Electron Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3571400005"/>
          <ticker value="8035"/>
          <other otherDesc="SEDOL" value="6895675"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nissan Chemical Corp.</name>
        <lei>3538002E4L1CUGJFFU25</lei>
        <title>Nissan Chemical Corp. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3670800006"/>
          <ticker value="4021"/>
          <other otherDesc="SEDOL" value="6641588"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AUTOSTORE HOLDINGS LTD</name>
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          <isin value="BMG0670A1099"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sartorius AG</name>
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        <title>Sartorius AG NON VTG PFD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE0007165631"/>
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        <assetCat>EP</assetCat>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Equinor ASA</name>
        <lei>OW6OFBNCKXC4US5C7523</lei>
        <title>Equinor ASA NOK2.50</title>
        <cusip>000000000</cusip>
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          <isin value="NO0010096985"/>
          <ticker value="EQNR"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Icon PLC</name>
        <lei>6354008SRQGEMC4XFI67</lei>
        <title>Icon PLC SHS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IE0005711209"/>
          <ticker value="ICLR"/>
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        <balance>3259.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Moncler S.p.A.</name>
        <lei>815600EBD7FB00525B20</lei>
        <title>Moncler S.p.A. NPV</title>
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          <isin value="IT0004965148"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IT</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tokyo Electric Power Company Holdings Inc.</name>
        <lei>5299004EMJ3R4RVR5Y75</lei>
        <title>Tokyo Electric Power Company Holdings Inc. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3585800000"/>
          <ticker value="9501"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Mapletree Pan Asia Commercial Trust</name>
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        <title>Mapletree Pan Asia Commercial Trust NPV(REAL ESTATE INVESTMENT TRUSTS)REG S</title>
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        <assetCat>EC</assetCat>
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        <invCountry>SG</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Smith &amp; Nephew PLC</name>
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        <title>Smith &amp; Nephew PLC ORD USD0.20</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>GOLDMAN SACHS FINANCIAL SQUARE FUNDS PRIME OBLIGATIONS FUND</name>
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          <ticker value="FGTXX"/>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Olympus Corp.</name>
        <lei>5299000Y52IFDI1I2A21</lei>
        <title>Olympus Corp. NPV</title>
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          <isin value="JP3201200007"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <name>NIBE Industrier AB</name>
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        <title>NIBE Industrier AB SER'B'NPV</title>
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        <invCountry>SE</invCountry>
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      <invstOrSec>
        <name>Canon Inc.</name>
        <lei>529900JH1GSC035SSP77</lei>
        <title>Canon Inc. NPV</title>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>Kurita Water Industries Ltd.</name>
        <lei>52990086GS2ON69UMX34</lei>
        <title>Kurita Water Industries Ltd. NPV</title>
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        <invCountry>JP</invCountry>
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        <name>NTT Inc.</name>
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        <title>NTT Inc. NPV</title>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>Global E Online Ltd</name>
        <lei>N/A</lei>
        <title>Global E Online Ltd SHS</title>
        <cusip>000000000</cusip>
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          <isin value="IL0011741688"/>
          <ticker value="GLBE"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Kansai Paint Co Ltd.</name>
        <lei>549300ERRV6FTKH9NN70</lei>
        <title>Kansai Paint Co Ltd. NPV</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</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>
        <name>Matsukiyococokara &amp; Co.</name>
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        <title>Matsukiyococokara &amp; Co. NPV</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Kajima Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>OBIC Business Consultants Co Ltd.</name>
        <lei>N/A</lei>
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          <isin value="JP3173500004"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hong Kong &amp; China Gas Co Ltd. (Towngas)</name>
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          <isin value="HK0003000038"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Siemens Healthineers AG</name>
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        <title>Siemens Healthineers AG NPV</title>
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          <isin value="DE000SHL1006"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Wallenius Wilhelmsen ASA</name>
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          <isin value="NO0010571680"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ABB Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Worley Ltd.</name>
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        <title>Worley Ltd. NPV</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Fresenius Medical Care AG</name>
        <lei>549300CP8NY40UP89Q40</lei>
        <title>Fresenius Medical Care AG NPV</title>
        <cusip>000000000</cusip>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Oji Holdings Corp.</name>
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        <title>Oji Holdings Corp. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3174410005"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Vienna Insurance Group AG Wiener Versicherung Gruppe</name>
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        <title>Vienna Insurance Group AG Wiener Versicherung Gruppe NPV (BR)</title>
        <cusip>000000000</cusip>
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          <isin value="AT0000908504"/>
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        <assetCat>EC</assetCat>
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        <invCountry>AT</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Yamaha Motor Co Ltd.</name>
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          <isin value="JP3942800008"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Yamada Holdings Co Ltd.</name>
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        <name>Alfresa Holdings Corp.</name>
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        <name>UBS Group AG</name>
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      <invstOrSec>
        <name>Munich Reinsurance AG</name>
        <lei>529900MUF4C20K50JS49</lei>
        <title>Munich Reinsurance AG NPV(REGD)</title>
        <cusip>000000000</cusip>
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          <ticker value="MUV2"/>
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        <invCountry>DE</invCountry>
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        <name>Monotaro CoLtd</name>
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        <title>Monotaro CoLtd NPV</title>
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      <invstOrSec>
        <name>Melrose Industries PLC</name>
        <lei>213800RGNXXZY2M7TR85</lei>
        <title>Melrose Industries PLC ORD GBP0.001</title>
        <cusip>000000000</cusip>
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        <name>Nebius Group N.V.</name>
        <lei>549300GGZHJ5Q1B18P93</lei>
        <title>Nebius Group N.V. COM USD0.01 CL 'A</title>
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        <name>WHITBREAD PLC</name>
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        <name>Daiwa Securities Group Inc.</name>
        <lei>353800WRC7Y23PWFJG38</lei>
        <title>Daiwa Securities Group Inc. NPV</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Tryg AS</name>
        <lei>213800ZRS8AC4LSTCE39</lei>
        <title>Tryg AS DKK5</title>
        <cusip>000000000</cusip>
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        <invCountry>DK</invCountry>
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        <name>Mitsui Kinzoku Co Ltd.</name>
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        <name>Murata Manufacturing Co Ltd.</name>
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        <name>Toei Animation Co Ltd.</name>
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        <name>Addtech AB</name>
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        <name>Stellantis N.V</name>
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        <name>Contact Energy Ltd</name>
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        <name>Recruit Holdings Co Ltd.</name>
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        <name>Daifuku Co Ltd.</name>
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        <name>Minebea Mitsumi Inc.</name>
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        <name>a2 Milk Co Ltd. (The)</name>
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        <name>Shimano Inc.</name>
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        <name>JB Hi-Fi Ltd.</name>
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        <name>Nippon Yusen Kabushiki Kaisha</name>
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        <name>Mitsui Chemicals Inc.</name>
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        <name>Continental AG</name>
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        <name>Misumi Group Inc.</name>
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      <invstOrSec>
        <name>Tokyu Corp</name>
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        <name>Mitsubishi Motors Corp.</name>
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      <invstOrSec>
        <name>Hamamatsu Photonic</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Wolters Kluwer NV</name>
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      <invstOrSec>
        <name>Knorr-Bremse AG</name>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Svenska Handelsbanken AB</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hoshizaki Corp.</name>
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          <isin value="JP3845770001"/>
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        <fairValLevel>1</fairValLevel>
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        <name>MGM CHINA HOLDINGS LTD</name>
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        <name>Sonic Healthcare Ltd.</name>
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        <title>Sonic Healthcare Ltd. NPV</title>
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          <isin value="AU000000SHL7"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Swire Properties Ltd.</name>
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        <title>Swire Properties Ltd. HKD1</title>
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          <isin value="HK0000063609"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Alsok Co Ltd.</name>
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        <title>Alsok Co Ltd. NPV</title>
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          <isin value="JP3431900004"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>RIO Tinto Limited</name>
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        <title>RIO Tinto Limited NPV</title>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>ICG PLC</name>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Informa PLC</name>
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        <name>Melisron Ltd.</name>
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        <title>Melisron Ltd. ILS1</title>
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        <name>Yara International ASA</name>
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        <name>LVMH Moet Hennessy Louis Vuitton SE</name>
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        <invCountry>FR</invCountry>
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        <name>LY Corporation</name>
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        <name>Mineral Resources Ltd.</name>
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        <name>Insurance Australia Group Ltd.</name>
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        <name>Commerzbank AG</name>
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        <name>HOYA Corp.</name>
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        <title>HOYA Corp. NPV</title>
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        <name>Bezeq The Israeli Telecommunication Corp Ltd</name>
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        <title>Bezeq The Israeli Telecommunication Corp Ltd ILS1</title>
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        <invCountry>IL</invCountry>
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        <name>Chubu Electric Power Co Inc.</name>
        <lei>529900A76GOP0PGNHT63</lei>
        <title>Chubu Electric Power Co Inc. NPV</title>
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        <payoffProfile>Long</payoffProfile>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Evolution Mining Ltd.</name>
        <lei>254900BCFW5QO5LW8F27</lei>
        <title>Evolution Mining Ltd. NPV</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Oversea-Chinese Banking Corp Ltd.</name>
        <lei>5493007O3QFXCPOGWK22</lei>
        <title>Oversea-Chinese Banking Corp Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SG1S04926220"/>
          <ticker value="OCBC"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Singapore Exchange Ltd.</name>
        <lei>549300IQ650PPXM76X03</lei>
        <title>Singapore Exchange Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SG1J26887955"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hulic Co Ltd.</name>
        <lei>3538002E12E7IHAKTB10</lei>
        <title>Hulic Co Ltd. NPV</title>
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          <isin value="JP3360800001"/>
          <ticker value="3003"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Japan Post Holdings Co Ltd.</name>
        <lei>5299003D9N4JBS256X18</lei>
        <title>Japan Post Holdings Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3752900005"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Spark New Zealand Ltd.</name>
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        <title>Spark New Zealand Ltd. NPV</title>
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          <isin value="NZTELE0001S4"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>NZ</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Shapir Engineering And Industry Ltd</name>
        <lei>N/A</lei>
        <title>Shapir Engineering And Industry Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0011338758"/>
          <ticker value="SPEN"/>
          <other otherDesc="SEDOL" value="BTF8CZ0"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Prysmian S.p.A.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IT</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Safran SA</name>
        <lei>969500UIC89GT3UL7L24</lei>
        <title>Safran SA EUR0.20</title>
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          <isin value="FR0000073272"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Powszechna Kasa Oszczednosci Bank Polski SA</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>PL</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sandvik AB</name>
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        <title>Sandvik AB NPV</title>
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        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Kawasaki Kisen Kaisha Ltd.</name>
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        <title>Kawasaki Kisen Kaisha Ltd. NPV</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Vinci SA</name>
        <lei>213800WFQ334R8UXUG83</lei>
        <title>Vinci SA EUR2.50</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000125486"/>
          <ticker value="DG"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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      <invstOrSec>
        <name>Seven &amp; i Holdings Co Ltd.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <name>Tel Aviv Stock Exchange Ltd</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IL</invCountry>
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        <name>Qantas Airways Ltd.</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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      <invstOrSec>
        <name>Banco Comercial Portugues, S.A.</name>
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        <cusip>000000000</cusip>
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        <invCountry>PT</invCountry>
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        <name>Niterra Co Ltd.</name>
        <lei>549300RG3XQGTFM4HH31</lei>
        <title>Niterra Co Ltd. NPV</title>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <name>Allegro.eu SA</name>
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          <ticker value="ALE"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>Erste Group Bank AG</name>
        <lei>PQOH26KWDF7CG10L6792</lei>
        <title>Erste Group Bank AG NPV</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Nitori Holdings Co Ltd.</name>
        <lei>N/A</lei>
        <title>Nitori Holdings Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3756100008"/>
          <ticker value="9843"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Lynas Rare Earths Ltd.</name>
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      <invstOrSec>
        <name>Mercury NZ Ltd.</name>
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      <invstOrSec>
        <name>Sekisui Chemical Co Ltd.</name>
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        <name>Nidec Corp.</name>
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        <name>Nomura Real Estate Holdings Inc.</name>
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        <name>Anheuser-Busch Inbev SA/NV</name>
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        <name>Nissan Motor Co Ltd.</name>
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        <name>Compass Group PLC</name>
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        <name>TDK Corp.</name>
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        <title>TDK Corp. NPV</title>
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          <isin value="JP3538800008"/>
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        <name>Kandenko Co Ltd</name>
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        <name>Tokyo Metro Co Ltd</name>
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        <name>Hikari Tsushin Inc</name>
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        <name>Mitsubishi HC Capital Inc.</name>
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        <name>Caixabank S.A.</name>
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        <name>Compagnie de Saint-Gobain SA</name>
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        <name>Shionogi &amp; Co Ltd.</name>
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        <name>Enlight Renewable Energy Ltd.</name>
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        <name>Swedish Orphan Biovitrum AB</name>
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        <name>Nissin Foods Holdings Co Ltd.</name>
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        <name>Finecobank Banca Fineco S.p.A.</name>
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        <name>Mainfreight Ltd.</name>
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        <name>Storebrand ASA</name>
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          <isin value="NO0003053605"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Singapore Telecommunications Ltd.</name>
        <lei>2549003XJKIQO8YDYD89</lei>
        <title>Singapore Telecommunications Ltd. NPV(BOARD LOT 100)</title>
        <cusip>000000000</cusip>
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          <isin value="SG1T75931496"/>
          <ticker value="ST"/>
          <other otherDesc="SEDOL" value="B02PY11"/>
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        <balance>302965.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>SG</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>CK HUTCHISON HOLDINGS LTD</name>
        <lei>254900Z8HM1VEPOQ2G79</lei>
        <title>CK Hutchison Holdings Ltd. HKD1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG217651051"/>
          <ticker value="1"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nippon Building Fund Inc.</name>
        <lei>52990053R8NL2MB32172</lei>
        <title>Nippon Building Fund Inc. REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3027670003"/>
          <ticker value="8951"/>
          <other otherDesc="SEDOL" value="6396800"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Rakuten Group Inc.</name>
        <lei>529900IMXUCQKUL1H943</lei>
        <title>Rakuten Group Inc. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3967200001"/>
          <ticker value="4755"/>
          <other otherDesc="SEDOL" value="6229597"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Zabka Group SA</name>
        <lei>549300TU2RZ35E4ET914</lei>
        <title>Zabka Group SA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="LU2910446546"/>
          <ticker value="ZAB"/>
          <other otherDesc="SEDOL" value="BRXWDB3"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Asahi Intecc Co Ltd.</name>
        <lei>353800J3AV2SCNIO8L39</lei>
        <title>Asahi Intecc Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3110650003"/>
          <ticker value="7747"/>
          <other otherDesc="SEDOL" value="B019MQ5"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OMV AG</name>
        <lei>549300V62YJ9HTLRI486</lei>
        <title>OMV AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AT0000743059"/>
          <ticker value="OMV"/>
          <other otherDesc="SEDOL" value="4651459"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nichirei Corp</name>
        <lei>529900MX3GPXXKO0MT06</lei>
        <title>Nichirei Corp NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3665200006"/>
          <ticker value="2871"/>
          <other otherDesc="SEDOL" value="6640864"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>East Japan Railway Co.</name>
        <lei>353800SENYJ2DSM6PS44</lei>
        <title>East Japan Railway Co. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3783600004"/>
          <ticker value="9020"/>
          <other otherDesc="SEDOL" value="6298542"/>
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        <balance>42004.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ACS Actividades De Construccion Y Servicios S.A.</name>
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        <title>ACS Actividades De Construccion Y Servicios S.A. EUR0.5</title>
        <cusip>000000000</cusip>
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          <isin value="ES0167050915"/>
          <ticker value="ACS"/>
          <other otherDesc="SEDOL" value="B01FLQ6"/>
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        <balance>7285.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
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        <pctVal>0.097073181284</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fattal Holdings 1998 Ltd</name>
        <lei>N/A</lei>
        <title>Fattal Holdings 1998 Ltd ILS1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0011434292"/>
          <ticker value="FTAL"/>
          <other otherDesc="SEDOL" value="BG1YKN5"/>
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        <balance>277.00000000</balance>
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        <currencyConditional curCd="ILS" exchangeRt="3.13535000"/>
        <valUSD>54333.65000000</valUSD>
        <pctVal>0.005594845691</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EVRAZ PLC</name>
        <lei>5493005B7DAN39RXLK23</lei>
        <title>EVRAZ PLC ORD USD0.05</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B71N6K86"/>
          <ticker value="EVR"/>
          <other otherDesc="SEDOL" value="B71N6K8"/>
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        <currencyConditional curCd="GBP" exchangeRt="0.74379800"/>
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        <pctVal>0.000000</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Sartorius Stedim Biotech SA</name>
        <lei>52990006IVXY7GCSSR39</lei>
        <title>Sartorius Stedim Biotech SA EUR0.20</title>
        <cusip>000000000</cusip>
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          <isin value="FR0013154002"/>
          <ticker value="DIM"/>
          <other otherDesc="SEDOL" value="BYZ2QP5"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SINO BIOPHARMACEUTICAL LTD</name>
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        <title>Sino Biopharmaceutical Ltd. HKD0.025</title>
        <cusip>000000000</cusip>
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          <isin value="KYG8167W1380"/>
          <ticker value="1177"/>
          <other otherDesc="SEDOL" value="B00XSF9"/>
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        <currencyConditional curCd="HKD" exchangeRt="7.82215000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RWE AG</name>
        <lei>529900GB7KCA94ACC940</lei>
        <title>RWE AG NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE0007037129"/>
          <ticker value="RWE"/>
          <other otherDesc="SEDOL" value="4768962"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
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        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Kubota Corporation</name>
        <lei>549300CSY4INHEHQQT13</lei>
        <title>Kubota Corporation NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3266400005"/>
          <ticker value="6326"/>
          <other otherDesc="SEDOL" value="6497509"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Astellas Pharma Inc.</name>
        <lei>529900IB708DY2HBBB35</lei>
        <title>Astellas Pharma Inc. NPV</title>
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          <isin value="JP3942400007"/>
          <ticker value="4503"/>
          <other otherDesc="SEDOL" value="6985383"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Orlen SA</name>
        <lei>259400VVMM70CQREJT74</lei>
        <title>Orlen SA PLN1.25</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Kuehne &amp; Nagel International AG</name>
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        <title>Kuehne &amp; Nagel International AG CHF1 (REGD)</title>
        <cusip>000000000</cusip>
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          <ticker value="KNIN"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AstraZeneca PLC</name>
        <lei>PY6ZZQWO2IZFZC3IOL08</lei>
        <title>AstraZeneca PLC ORD USD0.25</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0009895292"/>
          <ticker value="AZN"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</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>
        <name>Eneos Holdings Inc</name>
        <lei>3538001KQ5SAOZSQTT44</lei>
        <title>Eneos Holdings Inc NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3386450005"/>
          <ticker value="5020"/>
          <other otherDesc="SEDOL" value="B627LW9"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Kyoto Financial Group Inc.</name>
        <lei>N/A</lei>
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          <isin value="JP3252200005"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Hitachi Construction Machinery Co Ltd.</name>
        <lei>5493009B7C53PDH8W826</lei>
        <title>Hitachi Construction Machinery Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3787000003"/>
          <ticker value="6305"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Chocoladefabriken Lindt &amp; Spruengli AG</name>
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        <title>Chocoladefabriken Lindt &amp; Spruengli AG CHF10 (PTG CERT)</title>
        <cusip>000000000</cusip>
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          <isin value="CH0010570767"/>
          <ticker value="LISP"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BlueScope Steel (Finance) Ltd / BlueScope Steel Finance (USA) LLC</name>
        <lei>529900H6UQI16XACWC95</lei>
        <title>BlueScope Steel (Finance) Ltd / BlueScope Steel Finance (USA) LLC NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000BSL0"/>
          <ticker value="BSL"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Whitehaven Coal Ltd.</name>
        <lei>529900WCZ4I6ZO3RRP86</lei>
        <title>Whitehaven Coal Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000WHC8"/>
          <ticker value="WHC"/>
          <other otherDesc="SEDOL" value="B1XQXC4"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Siemens Energy AG</name>
        <lei>5299005CHJZ14D4FDJ62</lei>
        <title>Siemens Energy AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000ENER6Y0"/>
          <ticker value="ENR"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Advantest Corp.</name>
        <lei>353800EMK32PDKS9XR54</lei>
        <title>Advantest Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3122400009"/>
          <ticker value="6857"/>
          <other otherDesc="SEDOL" value="6870490"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fortescue Ltd.</name>
        <lei>529900VEJFORCO6I4826</lei>
        <title>Fortescue Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000FMG4"/>
          <ticker value="FMG"/>
          <other otherDesc="SEDOL" value="6086253"/>
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        <balance>66619.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.40321300"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sony Financial Group Inc.</name>
        <lei>353800O7BDSU41WOZA60</lei>
        <title>Sony Financial Group Inc. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3435350008"/>
          <ticker value="8729"/>
          <other otherDesc="SEDOL" value="B249SN5"/>
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        <balance>252900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.12500000"/>
        <valUSD>259014.96000000</valUSD>
        <pctVal>0.026671293626</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BUDWEISER BREWING CO APAC LTD</name>
        <lei>549300YF1MR4GTF18132</lei>
        <title>Budweiser Brewing Co APAC Ltd. USD0.00001</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG1674K1013"/>
          <ticker value="1876"/>
          <other otherDesc="SEDOL" value="BKDXJH5"/>
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        <balance>70634.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.82215000"/>
        <valUSD>70343.69000000</valUSD>
        <pctVal>0.007243431849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Taisei Corp.</name>
        <lei>529900TF7XJKIOWMLQ79</lei>
        <title>Taisei Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3443600006"/>
          <ticker value="1801"/>
          <other otherDesc="SEDOL" value="6870100"/>
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        <balance>6358.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.12500000"/>
        <valUSD>828321.67000000</valUSD>
        <pctVal>0.085293955522</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fuji Electric Co., Ltd.</name>
        <lei>5299000HVNGZZTYYM906</lei>
        <title>Fuji Electric Co., Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3820000002"/>
          <ticker value="6504"/>
          <other otherDesc="SEDOL" value="6356365"/>
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        <balance>5678.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Meridian Energy Ltd.</name>
        <lei>254900IFKXIGNCY3A092</lei>
        <title>Meridian Energy Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZMELE0002S7"/>
          <ticker value="MEL"/>
          <other otherDesc="SEDOL" value="BWFD052"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ANZ Group Holdings Ltd.</name>
        <lei>9845005D9C6BAA10BK72</lei>
        <title>ANZ Group Holdings Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000ANZ3"/>
          <ticker value="ANZ"/>
          <other otherDesc="SEDOL" value="6065586"/>
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        <currencyConditional curCd="AUD" exchangeRt="1.40321300"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NEC Corp.</name>
        <lei>5493000QYMPFRTEY4K28</lei>
        <title>NEC Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3733000008"/>
          <ticker value="6701"/>
          <other otherDesc="SEDOL" value="6640400"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Shufersal Ltd.</name>
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        <title>Shufersal Ltd. ORD ILS0.1</title>
        <cusip>000000000</cusip>
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          <ticker value="SAE"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IL</invCountry>
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      <invstOrSec>
        <name>Infratil Ltd.</name>
        <lei>529900ITMGRD45OLDY30</lei>
        <title>Infratil Ltd. ORD NPV</title>
        <cusip>000000000</cusip>
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          <ticker value="IFT"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
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      <invstOrSec>
        <name>Amada Co Ltd</name>
        <lei>529900QF5O6TQGCPDX85</lei>
        <title>Amada Co Ltd NPV</title>
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        <identifiers>
          <isin value="JP3122800000"/>
          <ticker value="6113"/>
          <other otherDesc="SEDOL" value="6022105"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Wix.com Limited</name>
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        <title>Wix.com Limited SHS</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Unipol Assicurazioni S.p.A.</name>
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        <title>Unipol Assicurazioni S.p.A. NPV</title>
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          <ticker value="UNI"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Open House Group Co Ltd</name>
        <lei>529900WQOGPBIJEHW865</lei>
        <title>Open House Group Co Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3173540000"/>
          <ticker value="3288"/>
          <other otherDesc="SEDOL" value="BD3D170"/>
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        <balance>3124.00000000</balance>
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        <pctVal>0.023839171784</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Dr Ing H C F Porsche AG</name>
        <lei>529900EWEX125AULXI58</lei>
        <title>Dr Ing H C F Porsche AG NON-VTG PRF NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000PAG9113"/>
          <ticker value="P911"/>
          <other otherDesc="SEDOL" value="BJN59B8"/>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BP PLC</name>
        <lei>213800LH1BZH3DI6G760</lei>
        <title>BP PLC ORD USD0.25</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0007980591"/>
          <ticker value="BP/"/>
          <other otherDesc="SEDOL" value="0798059"/>
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        <balance>603772.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Heineken Holding N.V.</name>
        <lei>724500M1WJLFM9TYBS04</lei>
        <title>Heineken Holding N.V. EUR1.60</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0000008977"/>
          <ticker value="HEIO"/>
          <other otherDesc="SEDOL" value="B0CCH46"/>
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        <balance>5227.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fukuoka Financial Group Inc.</name>
        <lei>N/A</lei>
        <title>Fukuoka Financial Group Inc. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3805010000"/>
          <ticker value="8354"/>
          <other otherDesc="SEDOL" value="B1TK1Y8"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Aker ASA</name>
        <lei>5967007LIEEXZXJ10071</lei>
        <title>Aker ASA SER'A'NOK28</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0010234552"/>
          <ticker value="AKER"/>
          <other otherDesc="SEDOL" value="B02R4D9"/>
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        <balance>921.00000000</balance>
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        <currencyConditional curCd="NOK" exchangeRt="9.51340000"/>
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        <pctVal>0.009211175664</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Shimizu Corp.</name>
        <lei>353800BRAE0QFP3ZLY22</lei>
        <title>Shimizu Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3358800005"/>
          <ticker value="1803"/>
          <other otherDesc="SEDOL" value="6804400"/>
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        <balance>22617.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.12500000"/>
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        <pctVal>0.052105115855</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</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>
        <name>Airport City Ltd.</name>
        <lei>N/A</lei>
        <title>Airport City Ltd. ILS0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0010958358"/>
          <ticker value="ARPT"/>
          <other otherDesc="SEDOL" value="B0Z7M21"/>
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        <balance>2408.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.13535000"/>
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        <pctVal>0.004349630797</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Admiral Group PLC</name>
        <lei>213800FGVM7Z9EJB2685</lei>
        <title>Admiral Group PLC ORD GBP0.001</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B02J6398"/>
          <ticker value="ADM"/>
          <other otherDesc="SEDOL" value="B02J639"/>
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        <balance>9887.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74379800"/>
        <valUSD>393992.29000000</valUSD>
        <pctVal>0.040570181943</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KGHM Polska Miedz SA</name>
        <lei>G30CO71KTT9JDYJESN22</lei>
        <title>KGHM Polska Miedz SA PLN10.00</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PLKGHM000017"/>
          <ticker value="KGH"/>
          <other otherDesc="SEDOL" value="5263251"/>
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        <balance>5690.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.57265000"/>
        <valUSD>534335.86000000</valUSD>
        <pctVal>0.055021642832</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Screen Holdings Co Ltd.</name>
        <lei>353800ND89FTQ9XQ0R07</lei>
        <title>Screen Holdings Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3494600004"/>
          <ticker value="7735"/>
          <other otherDesc="SEDOL" value="6251028"/>
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        <balance>3430.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.12500000"/>
        <valUSD>503652.52000000</valUSD>
        <pctVal>0.051862117334</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Konami Group Corp.</name>
        <lei>353800FC4A5QCMIZFV94</lei>
        <title>Konami Group Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3300200007"/>
          <ticker value="9766"/>
          <other otherDesc="SEDOL" value="6496681"/>
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        <balance>3994.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.12500000"/>
        <valUSD>532874.43000000</valUSD>
        <pctVal>0.054871156433</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Asseco Poland SA</name>
        <lei>259400O79EWIK4XZPL40</lei>
        <title>Asseco Poland SA PLN1.00</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PLSOFTB00016"/>
          <ticker value="ACP"/>
          <other otherDesc="SEDOL" value="5978953"/>
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        <balance>2370.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.57265000"/>
        <valUSD>116952.68000000</valUSD>
        <pctVal>0.012042853697</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sigma Healthcare Ltd.</name>
        <lei>529900BZSP3BK7GYAO50</lei>
        <title>Sigma Healthcare Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000SIG5"/>
          <ticker value="SIG"/>
          <other otherDesc="SEDOL" value="BF13K02"/>
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        <balance>188972.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.40321300"/>
        <valUSD>382465.44000000</valUSD>
        <pctVal>0.039383238915</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Associated British Foods PLC</name>
        <lei>GBQKSY6W7G0OHCQ8OQ72</lei>
        <title>Associated British Foods PLC ORD 5 15/22P</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0006731235"/>
          <ticker value="ABF"/>
          <other otherDesc="SEDOL" value="0673123"/>
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        <balance>12774.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74379800"/>
        <valUSD>339530.33000000</valUSD>
        <pctVal>0.034962123912</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DnB Bank ASA</name>
        <lei>549300GKFG0RYRRQ1414</lei>
        <title>DnB Bank ASA NOK12.50</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0010161896"/>
          <ticker value="DNB"/>
          <other otherDesc="SEDOL" value="BNG7113"/>
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        <balance>34714.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.51340000"/>
        <valUSD>1100160.93000000</valUSD>
        <pctVal>0.113285793225</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MTR Corp Ltd.</name>
        <lei>254900IH4U9NHH9AQM97</lei>
        <title>MTR Corp Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0066009694"/>
          <ticker value="66"/>
          <other otherDesc="SEDOL" value="6290054"/>
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        <balance>65334.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.82215000"/>
        <valUSD>311879.93000000</valUSD>
        <pctVal>0.032114906371</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DHL GROUP</name>
        <lei>8ER8GIG7CSMVD8VUFE78</lei>
        <title>DHL GROUP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0005552004"/>
          <ticker value="DHL"/>
          <other otherDesc="SEDOL" value="4617859"/>
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        <balance>38730.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
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        <pctVal>0.235908926522</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</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>
        <name>SEA LTD</name>
        <lei>529900OM6JLLW44YKI15</lei>
        <title>Sea Ltd. SPONSORD ADS</title>
        <cusip>81141R100</cusip>
        <identifiers>
          <isin value="US81141R1005"/>
          <ticker value="SE"/>
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        <balance>12501.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1355733.45000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Rolls-Royce Holdings PLC</name>
        <lei>213800EC7997ZBLZJH69</lei>
        <title>Rolls-Royce Holdings PLC ORD GBP0.20</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B63H8491"/>
          <ticker value="RR/"/>
          <other otherDesc="SEDOL" value="B63H849"/>
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        <balance>355522.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.74379800"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Secom Co Ltd</name>
        <lei>529900TYCL9N3E9PGE47</lei>
        <title>Secom Co Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3421800008"/>
          <ticker value="9735"/>
          <other otherDesc="SEDOL" value="6791591"/>
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        <balance>17684.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.12500000"/>
        <valUSD>683913.48000000</valUSD>
        <pctVal>0.070423952502</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kinden Corp</name>
        <lei>35380008T6JUN5TU9T34</lei>
        <title>Kinden Corp NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3263000006"/>
          <ticker value="1944"/>
          <other otherDesc="SEDOL" value="6492924"/>
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        <balance>4626.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.12500000"/>
        <valUSD>251500.32000000</valUSD>
        <pctVal>0.025897495966</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hakuhodo DY Holdings Inc.</name>
        <lei>N/A</lei>
        <title>Hakuhodo DY Holdings Inc. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3766550002"/>
          <ticker value="2433"/>
          <other otherDesc="SEDOL" value="B05LZ02"/>
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        <balance>9126.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.12500000"/>
        <valUSD>68448.65000000</valUSD>
        <pctVal>0.007048295752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Chiba Bank Ltd.</name>
        <lei>FGJPAKKCTZVSKZXNBS63</lei>
        <title>Chiba Bank Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3511800009"/>
          <ticker value="8331"/>
          <other otherDesc="SEDOL" value="6190563"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>KDDI Corp</name>
        <lei>5299003FU7V4I45FU310</lei>
        <title>KDDI Corp NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3496400007"/>
          <ticker value="9433"/>
          <other otherDesc="SEDOL" value="6248990"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CHINA MENGNIU DAIRY COMPANY LTD</name>
        <lei>2549005Q343BSJ8RSS21</lei>
        <title>China Mengniu Dairy Co Ltd. HKD0.1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG210961051"/>
          <ticker value="2319"/>
          <other otherDesc="SEDOL" value="B01B1L9"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ABN AMRO Bank N.V.</name>
        <lei>BFXS5XCH7N0Y05NIXW11</lei>
        <title>ABN AMRO Bank N.V. DR EACH REP SHS</title>
        <cusip>000000000</cusip>
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          <isin value="NL0011540547"/>
          <ticker value="ABN"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Genmab As</name>
        <lei>529900MTJPDPE4MHJ122</lei>
        <title>Genmab As DKK1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DK0010272202"/>
          <ticker value="GMAB"/>
          <other otherDesc="SEDOL" value="4595739"/>
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        <currencyConditional curCd="DKK" exchangeRt="6.32800000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mazda Motor Corp.</name>
        <lei>52990044YZJLICDQKK92</lei>
        <title>Mazda Motor Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3868400007"/>
          <ticker value="7261"/>
          <other otherDesc="SEDOL" value="6900308"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Shiseido Co Ltd.</name>
        <lei>5299008QCD0YDT5OF506</lei>
        <title>Shiseido Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3351600006"/>
          <ticker value="4911"/>
          <other otherDesc="SEDOL" value="6805265"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Osaka Gas Co Ltd</name>
        <lei>353800024KMNOPQRWZ02</lei>
        <title>Osaka Gas Co Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3180400008"/>
          <ticker value="9532"/>
          <other otherDesc="SEDOL" value="6661768"/>
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        <balance>15549.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ALIBABA HEALTH INFORMATION TECHNOLOGY LTD</name>
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        <title>Alibaba Health Information Technology Ltd. HKD0.01</title>
        <cusip>000000000</cusip>
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          <isin value="BMG0171K1018"/>
          <ticker value="241"/>
          <other otherDesc="SEDOL" value="BRXVS60"/>
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        <balance>210151.00000000</balance>
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        <pctVal>0.015436852663</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ricoh Co Ltd.</name>
        <lei>549300HFIB2GRUMDID72</lei>
        <title>Ricoh Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3973400009"/>
          <ticker value="7752"/>
          <other otherDesc="SEDOL" value="6738220"/>
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        <balance>23611.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Toyota Industries Corp.</name>
        <lei>35380000WKGEAHEMW830</lei>
        <title>Toyota Industries Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3634600005"/>
          <ticker value="6201"/>
          <other otherDesc="SEDOL" value="6900546"/>
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        <balance>7127.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Glencore PLC</name>
        <lei>2138002658CPO9NBH955</lei>
        <title>Glencore PLC ORD USD0.01</title>
        <cusip>000000000</cusip>
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          <isin value="JE00B4T3BW64"/>
          <ticker value="GLEN"/>
          <other otherDesc="SEDOL" value="B4T3BW6"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Eni SpA</name>
        <lei>BUCRF72VH5RBN7X3VL35</lei>
        <title>Eni SpA NPV</title>
        <cusip>000000000</cusip>
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          <isin value="IT0003132476"/>
          <ticker value="ENI"/>
          <other otherDesc="SEDOL" value="7145056"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Galderma Group AG</name>
        <lei>89450001OK6O8ELQ4584</lei>
        <title>Galderma Group AG CHF0.01</title>
        <cusip>000000000</cusip>
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          <isin value="CH1335392721"/>
          <ticker value="GALD"/>
          <other otherDesc="SEDOL" value="BRC2T72"/>
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        <balance>6580.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Beijer Ref AB</name>
        <lei>549300PZZEUVH08H4G75</lei>
        <title>Beijer Ref AB SER'B'NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0015949748"/>
          <ticker value="BEIJB"/>
          <other otherDesc="SEDOL" value="BP2NJ48"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Wilmar International Ltd.</name>
        <lei>549300H2EAI4YRLWBB20</lei>
        <title>Wilmar International Ltd. NPV</title>
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          <ticker value="WIL"/>
          <other otherDesc="SEDOL" value="B17KC69"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Japan Airlines Co Ltd.</name>
        <lei>3538002MH5L1QZZ93477</lei>
        <title>Japan Airlines Co Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3705200008"/>
          <ticker value="9201"/>
          <other otherDesc="SEDOL" value="B8BRV46"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>D'Ieteren Group</name>
        <lei>549300DV5KJ23OKVTW34</lei>
        <title>D'Ieteren Group NPV</title>
        <cusip>000000000</cusip>
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          <isin value="BE0974259880"/>
          <ticker value="DIE"/>
          <other otherDesc="SEDOL" value="4247494"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Meiji Holdings Co Ltd.</name>
        <lei>5299002D52YIP6DWMV49</lei>
        <title>Meiji Holdings Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3918000005"/>
          <ticker value="2269"/>
          <other otherDesc="SEDOL" value="B60DQV3"/>
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        <valUSD>267710.06000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Schroders PLC</name>
        <lei>2138001YYBULX5SZ2H24</lei>
        <title>Schroders PLC ORD GBP0.20</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BP9LHF23"/>
          <ticker value="SDR"/>
          <other otherDesc="SEDOL" value="BP9LHF2"/>
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        <balance>33790.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.74379800"/>
        <valUSD>266213.95000000</valUSD>
        <pctVal>0.027412588168</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Keyence Corp.</name>
        <lei>529900M7PQBS7A89DZ11</lei>
        <title>Keyence Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3236200006"/>
          <ticker value="6861"/>
          <other otherDesc="SEDOL" value="6490995"/>
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        <balance>7758.00000000</balance>
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        <valUSD>3282584.34000000</valUSD>
        <pctVal>0.338014340124</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kobe Bussan Co Ltd.</name>
        <lei>353800CJIFNHN2DXRD59</lei>
        <title>Kobe Bussan Co Ltd. NPV</title>
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      <invstOrSec>
        <name>Swire Pacific Ltd.</name>
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          <isin value="HK0019000162"/>
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        <payoffProfile>Long</payoffProfile>
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      <invstOrSec>
        <name>Sony Group Corp.</name>
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        <name>Omron Corp.</name>
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        <name>LPP SA</name>
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        <invCountry>PL</invCountry>
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        <name>Societe Generale S.A.</name>
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          <isin value="FR0000130809"/>
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        <name>Gjensidige Forsikring ASA</name>
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        <invCountry>NO</invCountry>
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        <name>Goodman Group</name>
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          <isin value="AU000000GMG2"/>
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        <invCountry>AU</invCountry>
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      <invstOrSec>
        <name>Ajinomoto Co Inc.</name>
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        <title>Ajinomoto Co Inc. NPV</title>
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          <isin value="JP3119600009"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Inpex Corp.</name>
        <lei>353800VHYYADPR6MXQ47</lei>
        <title>Inpex Corp. NPV</title>
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          <isin value="JP3294460005"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Norsk Hydro ASA</name>
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        <name>CLP Holdings Ltd.</name>
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        <invCountry>HK</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Qingdao Port International Co Limited</name>
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        <name>Danone SA</name>
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        <name>Toray Industries Inc.</name>
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        <name>BHP Group Ltd.</name>
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        <invCountry>AU</invCountry>
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        <name>Elisa OYJ</name>
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        <invCountry>FI</invCountry>
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        <name>Cathay Pacific Airways Ltd.</name>
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      <invstOrSec>
        <name>Hafnia Ltd.</name>
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        <name>Hang Lung Properties Ltd.</name>
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        <name>Delek Group Ltd.</name>
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        <invCountry>IL</invCountry>
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        <name>Bayerische Motoren Werke AG</name>
        <lei>YEH5ZCD6E441RHVHD759</lei>
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      <invstOrSec>
        <name>British American Tobacco PLC</name>
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      <invstOrSec>
        <name>Bayerische Motoren Werke AG</name>
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      <invstOrSec>
        <name>Infrastrutture Wireless Italiane SpA</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Marks &amp; Spencer Group PLC</name>
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      <invstOrSec>
        <name>Standard Life PLC</name>
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      <invstOrSec>
        <name>Metso Oyj</name>
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          <isin value="FI0009014575"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Airtel Africa PLC</name>
        <lei>254900ZNZDQL6OWQH623</lei>
        <title>Airtel Africa PLC ORD USD0.5</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Seiko Epson Corp</name>
        <lei>549300NIOFQDR749W206</lei>
        <title>Seiko Epson Corp NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3414750004"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dassault Systemes</name>
        <lei>96950065LBWY0APQIM86</lei>
        <title>Dassault Systemes EUR0.10</title>
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          <isin value="FR0014003TT8"/>
          <ticker value="DSY"/>
          <other otherDesc="SEDOL" value="BM8H5Y5"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Banca Monte dei Paschi di Siena S.p.A.</name>
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          <isin value="IT0005508921"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IT</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Compagnie Generale des Etablissements Michelin</name>
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        <title>Compagnie Generale des Etablissements Michelin EUR0.50 (POST SUBDIVISION)</title>
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          <isin value="FR001400AJ45"/>
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        <name>Rinnai Corp</name>
        <lei>N/A</lei>
        <title>Rinnai Corp NPV</title>
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          <isin value="JP3977400005"/>
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        <name>Resonac Holdings Corp.</name>
        <lei>5493006AIPA1V92YPP18</lei>
        <title>Resonac Holdings Corp. NPV</title>
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          <isin value="JP3368000000"/>
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        <invCountry>JP</invCountry>
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        <name>Santos Ltd.</name>
        <lei>5299000RK70B5O2M7077</lei>
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        <invCountry>AU</invCountry>
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        <name>Hexagon AB</name>
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        <invCountry>SE</invCountry>
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        <name>FOSUN INTERNATIONAL LTD</name>
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        <name>HK Electric Investments / HK Electric Investments Ltd.</name>
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        <name>Novonesis (Novozymes) B</name>
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        <name>Sumitomo Metal Mining Co Ltd.</name>
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        <name>Seek Ltd.</name>
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        <title>Seek Ltd. NPV</title>
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        <invCountry>AU</invCountry>
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        <name>AP Moller-Maersk</name>
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        <invCountry>DK</invCountry>
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        <name>Industrivarden AB (publ)</name>
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        <name>Nordic Semiconductor ASA</name>
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        <name>Renesas Electronics Corp.</name>
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        <name>Keio Corp.</name>
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        <name>Sysmex Corp.</name>
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        <name>Capitaland Investment Ltd.</name>
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        <name>Sun Hung Kai Properties Ltd.</name>
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        <name>WH GROUP LTD</name>
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        <name>Banco BPM S.p.A.</name>
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        <name>Aisin Corp.</name>
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        <name>Sumitomo Forestry Co Ltd.</name>
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        <name>Persol Holdings Co Ltd.</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tesco PLC</name>
        <lei>2138002P5RNKC5W2JZ46</lei>
        <title>Tesco PLC ORD GBP0.0633333</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BLGZ9862"/>
          <ticker value="TSCO"/>
          <other otherDesc="SEDOL" value="BLGZ986"/>
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        <balance>274819.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sagax AB</name>
        <lei>549300LJX28T6OM8DT95</lei>
        <title>Sagax AB SER'B'NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0005127818"/>
          <ticker value="SAGAB"/>
          <other otherDesc="SEDOL" value="B9M3PK4"/>
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        <balance>9004.00000000</balance>
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        <pctVal>0.019627111606</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Mitsubishi UFJ Financial Group Inc.</name>
        <lei>353800V2V8PUY9TK3E06</lei>
        <title>Mitsubishi UFJ Financial Group Inc. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3902900004"/>
          <ticker value="8306"/>
          <other otherDesc="SEDOL" value="6335171"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Strabag SE</name>
        <lei>529900TYYSRJH2VJSP60</lei>
        <title>Strabag SE NPV (BR)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AT000000STR1"/>
          <ticker value="STR"/>
          <other otherDesc="SEDOL" value="B28DT41"/>
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        <balance>634.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Kyowa Kirin Co Ltd.</name>
        <lei>529900TBXKVTQGYA3582</lei>
        <title>Kyowa Kirin Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3256000005"/>
          <ticker value="4151"/>
          <other otherDesc="SEDOL" value="6499550"/>
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        <balance>10386.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Coca-Cola Europacific Partners PLC</name>
        <lei>549300LTH67W4GWMRF57</lei>
        <title>Coca-Cola Europacific Partners PLC COM EUR0.01</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BDCPN049"/>
          <ticker value="CCEP"/>
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        <balance>8603.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>950029.29000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</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>
        <name>Food &amp; Life Companies Ltd.</name>
        <lei>529900CWF7GCVZKS5M87</lei>
        <title>Food &amp; Life Companies Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3397150008"/>
          <ticker value="3563"/>
          <other otherDesc="SEDOL" value="BF1HPT8"/>
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        <balance>4528.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</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>
        <name>Yamazaki Baking Co Ltd.</name>
        <lei>N/A</lei>
        <title>Yamazaki Baking Co Ltd. COM NPV</title>
        <cusip>984632109</cusip>
        <identifiers>
          <isin value="JP3935600001"/>
          <ticker value="2212"/>
          <other otherDesc="SEDOL" value="6985509"/>
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        <balance>5528.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kioxia Holdings Corp.</name>
        <lei>35380080RTKRARNH4R73</lei>
        <title>Kioxia Holdings Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3236330001"/>
          <ticker value="285A"/>
          <other otherDesc="SEDOL" value="BMGYJ02"/>
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        <balance>7057.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.12500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Reckitt Benckiser Group PLC</name>
        <lei>5493003JFSMOJG48V108</lei>
        <title>Reckitt Benckiser Group PLC ORD GBP0.1041666666666667</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BSZBP530"/>
          <ticker value="RKT"/>
          <other otherDesc="SEDOL" value="BSZBP53"/>
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        <balance>27288.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.74379800"/>
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        <pctVal>0.246008619945</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hermes International</name>
        <lei>969500Y4IJGHJE2MTJ13</lei>
        <title>Hermes International NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000052292"/>
          <ticker value="RMS"/>
          <other otherDesc="SEDOL" value="5253973"/>
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        <balance>1373.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
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        <pctVal>0.342035864996</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fujitsu Ltd.</name>
        <lei>3538000246DHJLRTUZ24</lei>
        <title>Fujitsu Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3818000006"/>
          <ticker value="6702"/>
          <other otherDesc="SEDOL" value="6356945"/>
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        <balance>76365.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Repsol SA</name>
        <lei>BSYCX13Y0NOTV14V9N85</lei>
        <title>Repsol SA EUR1</title>
        <cusip>000000000</cusip>
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          <isin value="ES0173516115"/>
          <ticker value="REP"/>
          <other otherDesc="SEDOL" value="5669354"/>
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        <balance>47389.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SpareBank 1 SMN</name>
        <lei>7V6Z97IO7R1SEAO84Q32</lei>
        <title>SpareBank 1 SMN NOK20 GRUNNFONDSBEVIS</title>
        <cusip>000000000</cusip>
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          <isin value="NO0006390301"/>
          <ticker value="MING"/>
          <other otherDesc="SEDOL" value="B0LGG75"/>
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        <balance>5231.00000000</balance>
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        <currencyConditional curCd="NOK" exchangeRt="9.51340000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Yokohama Financial Group Inc.</name>
        <lei>N/A</lei>
        <title>Yokohama Financial Group Inc. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3305990008"/>
          <ticker value="7186"/>
          <other otherDesc="SEDOL" value="BD97JW7"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>GRAB HOLDINGS LTD</name>
        <lei>549300N4VQX83VPJF439</lei>
        <title>Grab Holdings Ltd. CLASS A ORD</title>
        <cusip>000000000</cusip>
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          <isin value="KYG4124C1096"/>
          <ticker value="GRAB"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Vicinity Centres Re Ltd</name>
        <lei>549300S7GOEVR0EGFN47</lei>
        <title>Vicinity Centres Re Ltd NPV (STAPLED SECURITY)</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000VCX7"/>
          <ticker value="VCX"/>
          <other otherDesc="SEDOL" value="BY7QXS7"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Trelleborg AB</name>
        <lei>213800XY16PAWG2PAD14</lei>
        <title>Trelleborg AB SER'B'NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0000114837"/>
          <ticker value="TRELB"/>
          <other otherDesc="SEDOL" value="4902384"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</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>
        <name>Sampo PLC</name>
        <lei>743700UF3RL386WIDA22</lei>
        <title>Sampo PLC NPV A</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FI4000552500"/>
          <ticker value="SAMPO"/>
          <other otherDesc="SEDOL" value="BMXX645"/>
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        <pctVal>0.119477918850</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</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>
        <name>Elia Group SA/NV</name>
        <lei>549300S1MP1NFDIKT460</lei>
        <title>Elia Group SA/NV NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0003822393"/>
          <ticker value="ELI"/>
          <other otherDesc="SEDOL" value="B09M9F4"/>
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        <balance>1834.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kao Corp.</name>
        <lei>353800HM38HFCB8RGL63</lei>
        <title>Kao Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3205800000"/>
          <ticker value="4452"/>
          <other otherDesc="SEDOL" value="6483809"/>
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        <balance>19185.00000000</balance>
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        <pctVal>0.084449053623</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Centrica PLC</name>
        <lei>E26EDV109X6EEPBKVH76</lei>
        <title>Centrica PLC ORD GBP0.061728395</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B033F229"/>
          <ticker value="CNA"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BYD ELECTRONIC (INTERNATIONAL) COMPANY LTD</name>
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          <isin value="HK0285041858"/>
          <ticker value="285"/>
          <other otherDesc="SEDOL" value="B29SHS5"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Publicis Groupe SA</name>
        <lei>2138004KW8BV57III342</lei>
        <title>Publicis Groupe SA EUR0.40</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000130577"/>
          <ticker value="PUB"/>
          <other otherDesc="SEDOL" value="4380429"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>QBE Insurance Group Ltd.</name>
        <lei>549300D2FBW76FPUSG65</lei>
        <title>QBE Insurance Group Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000QBE9"/>
          <ticker value="QBE"/>
          <other otherDesc="SEDOL" value="6715740"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sugi Holdings Co Ltd</name>
        <lei>529900N86BFWB1FADG87</lei>
        <title>Sugi Holdings Co Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3397060009"/>
          <ticker value="7649"/>
          <other otherDesc="SEDOL" value="6259011"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</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>Mitsubishi Chemical Group Corp.</name>
        <lei>353800YNKX4RQUGAR072</lei>
        <title>Mitsubishi Chemical Group Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3897700005"/>
          <ticker value="4188"/>
          <other otherDesc="SEDOL" value="B0JQTJ0"/>
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        <balance>54819.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IIDA Group Holdings Co Ltd.</name>
        <lei>35380051BV8PV1I4S949</lei>
        <title>IIDA Group Holdings Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3131090007"/>
          <ticker value="3291"/>
          <other otherDesc="SEDOL" value="BFDTBS3"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ackermans &amp; Van Haaren NV</name>
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        <title>Ackermans &amp; Van Haaren NV NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0003764785"/>
          <ticker value="ACKB"/>
          <other otherDesc="SEDOL" value="5715774"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Next PLC</name>
        <lei>213800WQD8ECPZP9PH98</lei>
        <title>Next PLC ORD GBP0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0032089863"/>
          <ticker value="NXT"/>
          <other otherDesc="SEDOL" value="3208986"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BioNTech SE</name>
        <lei>894500UZJ5LG1F8J1U58</lei>
        <title>BioNTech SE SPONSORED ADS</title>
        <cusip>09075V102</cusip>
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          <isin value="US09075V1026"/>
          <ticker value="22UA"/>
          <other otherDesc="SEDOL" value="BKTPD39"/>
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        <balance>4543.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IREN Ltd.</name>
        <lei>254900FZF02RB3NNGB71</lei>
        <title>IREN Ltd. ORDINARY SHARES</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000185993"/>
          <ticker value="IREN"/>
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        <balance>13401.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>548770.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Acom Co., Ltd.</name>
        <lei>N/A</lei>
        <title>Acom Co., Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3108600002"/>
          <ticker value="8572"/>
          <other otherDesc="SEDOL" value="6049784"/>
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        <balance>15847.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Industrivarden AB (publ)</name>
        <lei>549300TM1DLIQI3B3T37</lei>
        <title>Industrivarden AB (publ) SER'A'NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0000190126"/>
          <ticker value="INDUA"/>
          <other otherDesc="SEDOL" value="B1VSK10"/>
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        <balance>4100.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metaplanet Inc.</name>
        <lei>3538006DGBY53D3UEV95</lei>
        <title>Metaplanet Inc. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3481200008"/>
          <ticker value="3350"/>
          <other otherDesc="SEDOL" value="B03BJ91"/>
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        <balance>44636.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Partners Group Holding AG</name>
        <lei>549300I3IVVWZWDHI788</lei>
        <title>Partners Group Holding AG CHF0.01 (REGD)</title>
        <cusip>000000000</cusip>
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          <other otherDesc="SEDOL" value="B119QG0"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>InterContinental Hotels Group PLC</name>
        <lei>2138007ZFQYRUSLU3J98</lei>
        <title>InterContinental Hotels Group PLC ORD GBP0.208521303</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BHJYC057"/>
          <ticker value="IHG"/>
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        <balance>5994.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Holmen AB</name>
        <lei>52990080SH3454F0QE68</lei>
        <title>Holmen AB SER'B'NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0011090018"/>
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        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nordea Bank ABP</name>
        <lei>529900ODI3047E2LIV03</lei>
        <title>Nordea Bank ABP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FI4000297767"/>
          <ticker value="NDA"/>
          <other otherDesc="SEDOL" value="BFM0SV9"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Henkel AG &amp; Co. KGaA</name>
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        <title>Henkel AG &amp; Co. KGaA NON-VTG PRF NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE0006048432"/>
          <ticker value="HEN3"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
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        <assetCat>EP</assetCat>
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        <invCountry>DE</invCountry>
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      <invstOrSec>
        <name>Mega Or Holdings Ltd.</name>
        <lei>N/A</lei>
        <title>Mega Or Holdings Ltd. ILS1</title>
        <cusip>000000000</cusip>
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          <isin value="IL0011044885"/>
          <ticker value="MGOR"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Barclays PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays PLC ORD GBP0.25</title>
        <cusip>000000000</cusip>
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          <ticker value="BARC"/>
          <other otherDesc="SEDOL" value="3134865"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fujikura Ltd.</name>
        <lei>353800PSDZ8VRCKVPL51</lei>
        <title>Fujikura Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3811000003"/>
          <ticker value="5803"/>
          <other otherDesc="SEDOL" value="6356707"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</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>Essity AB</name>
        <lei>549300G8E6YUVJ1DA153</lei>
        <title>Essity AB SER'B'NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0009922164"/>
          <ticker value="ESSITYB"/>
          <other otherDesc="SEDOL" value="BF1K7P7"/>
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        <balance>25548.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Toyota Tsusho Corp.</name>
        <lei>549300CEE2ENIUJNXB84</lei>
        <title>Toyota Tsusho Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3635000007"/>
          <ticker value="8015"/>
          <other otherDesc="SEDOL" value="6900580"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BASF SE</name>
        <lei>529900PM64WH8AF1E917</lei>
        <title>BASF SE NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000BASF111"/>
          <ticker value="BAS"/>
          <other otherDesc="SEDOL" value="5086577"/>
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        <balance>37744.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Experian PLC</name>
        <lei>635400RXXHHYT1JTSZ26</lei>
        <title>Experian PLC ORD USD0.10</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B19NLV48"/>
          <ticker value="EXPN"/>
          <other otherDesc="SEDOL" value="B19NLV4"/>
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        <balance>38820.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Amot Investments Limited</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <isin value="IL0010972789"/>
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          <other otherDesc="SEDOL" value="B18MCB9"/>
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        <balance>9003.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Heineken N.V.</name>
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        <title>Heineken N.V. EUR1.60</title>
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          <isin value="NL0000009165"/>
          <ticker value="HEIA"/>
          <other otherDesc="SEDOL" value="7792559"/>
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        <balance>12136.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Prudential PLC</name>
        <lei>5493001Z3ZE83NGK8Y12</lei>
        <title>Prudential PLC GBP0.05</title>
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          <isin value="GB0007099541"/>
          <ticker value="PRU"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sino Land Co Ltd.</name>
        <lei>529900G5P51053HJVZ92</lei>
        <title>Sino Land Co Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="HK0083000502"/>
          <ticker value="83"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GPT MANAGEMENT HOLDINGS LTD</name>
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        <title>GPT Group (The) NPV (STAPLED SECURITIES)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000GPT8"/>
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          <other otherDesc="SEDOL" value="6365866"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bunzl PLC</name>
        <lei>213800Q1Q9DV4L78UM09</lei>
        <title>Bunzl PLC ORD GBP0.32142857</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B0744B38"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD</name>
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        <title>Yangzijiang Shipbuilding Holdings Ltd. NPV (SGD)</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sumitomo Pharma Co Ltd.</name>
        <lei>529900D60UKVYLJ2OJ79</lei>
        <title>Sumitomo Pharma Co Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3495000006"/>
          <ticker value="4506"/>
          <other otherDesc="SEDOL" value="6250865"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Rentokil Initial PLC</name>
        <lei>549300VN4WV7Z6T14K68</lei>
        <title>Rentokil Initial PLC ORD GBP0.01</title>
        <cusip>000000000</cusip>
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          <ticker value="RTO"/>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Dino Polska SA</name>
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        <cusip>000000000</cusip>
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        <invCountry>PL</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Swiss RE AG</name>
        <lei>529900PS9YW3YY29F326</lei>
        <title>Swiss RE AG CHF0.10</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Unicharm Corp.</name>
        <lei>353800UQ4BZIJTAQEG85</lei>
        <title>Unicharm Corp. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3951600000"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Bank Hapoalim BM</name>
        <lei>B6ARUI4946ST4S7WOU88</lei>
        <title>Bank Hapoalim BM ILS1</title>
        <cusip>000000000</cusip>
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          <ticker value="POLI"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IL</invCountry>
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        <name>Vestas Wind Systems AS</name>
        <lei>549300DYMC8BGZZC8844</lei>
        <title>Vestas Wind Systems AS DKK0.20</title>
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        <assetCat>EC</assetCat>
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        <invCountry>DK</invCountry>
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        <name>PLS Group Ltd.</name>
        <lei>5299000VV1CZVF5K9C16</lei>
        <title>PLS Group Ltd. NPV</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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      <invstOrSec>
        <name>Endesa SA - Empresa Nacional Electricidad</name>
        <lei>549300LHK07F2CHV4X31</lei>
        <title>Endesa SA - Empresa Nacional Electricidad EUR1.2</title>
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          <ticker value="ELE"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Husqvarna AB</name>
        <lei>549300GYQIIJ3UXB7655</lei>
        <title>Husqvarna AB SER'B'NPV</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Otsuka Corp.</name>
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      <invstOrSec>
        <name>Medibank Pvt Ltd.</name>
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      <invstOrSec>
        <name>Telia Company AB</name>
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        <name>Kingspan Group PLC</name>
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        <name>Isuzu Motors Ltd.</name>
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        <name>Stanley Electric Co Ltd</name>
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          <isin value="JP3399400005"/>
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        <name>Tobu Railway Co Ltd</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Kone Oyj</name>
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        <invCountry>FI</invCountry>
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        <name>Getinge AB</name>
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        <name>Daiichi Sankyo Co Ltd.</name>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Rohto Pharmaceutical Co Ltd</name>
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        <name>Daiwa House REIT Investment Corp.</name>
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        <name>Yamaha Corp.</name>
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        <name>Endeavour Group Ltd.</name>
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        <name>Singapore Airlines Ltd.</name>
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        <name>NEXTDC Ltd.</name>
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        <name>AAK AB</name>
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        <name>Fanuc Corp.</name>
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        <name>Merck KGaA</name>
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        <name>Sharp Corp.</name>
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        <name>Mizrahi Tefahot Bank Limited</name>
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        <currencyConditional curCd="ILS" exchangeRt="3.13535000"/>
        <valUSD>469746.22000000</valUSD>
        <pctVal>0.048370717134</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Coles Group Ltd.</name>
        <lei>549300OHQRG2HN8LZ793</lei>
        <title>Coles Group Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000030678"/>
          <ticker value="COL"/>
          <other otherDesc="SEDOL" value="BYWR0T5"/>
        </identifiers>
        <balance>54948.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.40321300"/>
        <valUSD>805102.92000000</valUSD>
        <pctVal>0.082903073934</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Check Point Software Technologies Ltd.</name>
        <lei>2549003ZVBH73EPNS513</lei>
        <title>Check Point Software Technologies Ltd. ORD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0010824113"/>
          <ticker value="CHKP"/>
        </identifiers>
        <balance>3592.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>546235.44000000</valUSD>
        <pctVal>0.056246966621</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shell PLC</name>
        <lei>21380068P1DRHMJ8KU70</lei>
        <title>Shell PLC ORD EUR0.07</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BP6MXD84"/>
          <ticker value="SHEL"/>
          <other otherDesc="SEDOL" value="BP6MXD8"/>
        </identifiers>
        <balance>241464.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74379800"/>
        <valUSD>9977703.68000000</valUSD>
        <pctVal>1.027424302327</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kongsberg Gruppen ASA</name>
        <lei>5967007LIEEXZXJ9HK73</lei>
        <title>Kongsberg Gruppen ASA NOK0.25</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0013536151"/>
          <ticker value="KOG"/>
          <other otherDesc="SEDOL" value="BSTRB82"/>
        </identifiers>
        <balance>17470.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.51340000"/>
        <valUSD>708466.58000000</valUSD>
        <pctVal>0.072952234805</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Brambles Ltd.</name>
        <lei>N/A</lei>
        <title>Brambles Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000BXB1"/>
          <ticker value="BXB"/>
          <other otherDesc="SEDOL" value="B1FJ0C0"/>
        </identifiers>
        <balance>58866.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.40321300"/>
        <valUSD>1052127.71000000</valUSD>
        <pctVal>0.108339715537</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sompo Holdings Inc.</name>
        <lei>353800CWW4SRGEYEB512</lei>
        <title>Sompo Holdings Inc. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3165000005"/>
          <ticker value="8630"/>
          <other otherDesc="SEDOL" value="B62G7K6"/>
        </identifiers>
        <balance>38349.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.12500000"/>
        <valUSD>1533960.00000000</valUSD>
        <pctVal>0.157954959712</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Danske Bank A/S</name>
        <lei>MAES062Z21O4RZ2U7M96</lei>
        <title>Danske Bank A/S DKK10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DK0010274414"/>
          <ticker value="DANSKE"/>
          <other otherDesc="SEDOL" value="4588825"/>
        </identifiers>
        <balance>27331.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.32800000"/>
        <valUSD>1425721.10000000</valUSD>
        <pctVal>0.146809381543</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Infineon Technologies AG</name>
        <lei>TSI2PJM6EPETEQ4X1U25</lei>
        <title>Infineon Technologies AG ORD NPV (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0006231004"/>
          <ticker value="IFX"/>
          <other otherDesc="SEDOL" value="5889505"/>
        </identifiers>
        <balance>55007.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
        <valUSD>2976187.95000000</valUSD>
        <pctVal>0.306464084943</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sembcorp Industries Ltd.</name>
        <lei>254900J0FF14U6TPQM96</lei>
        <title>Sembcorp Industries Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1R50925390"/>
          <ticker value="SCI"/>
          <other otherDesc="SEDOL" value="B08X163"/>
        </identifiers>
        <balance>37413.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.26485000"/>
        <valUSD>181023.49000000</valUSD>
        <pctVal>0.018640354422</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AP Moller-Maersk</name>
        <lei>549300D2K6PKKKXVNN73</lei>
        <title>AP Moller-Maersk SER'A'DKK1000</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DK0010244425"/>
          <ticker value="MAERSKA"/>
          <other otherDesc="SEDOL" value="4253059"/>
        </identifiers>
        <balance>113.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.32800000"/>
        <valUSD>276785.71000000</valUSD>
        <pctVal>0.028501183650</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Novartis AG</name>
        <lei>5493007HIVTX6SY6XD66</lei>
        <title>Novartis AG CHF0.49 (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0012005267"/>
          <ticker value="NOVN"/>
          <other otherDesc="SEDOL" value="7103065"/>
        </identifiers>
        <balance>80166.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.76905000"/>
        <valUSD>13603358.69000000</valUSD>
        <pctVal>1.400765322325</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Weir Group PLC</name>
        <lei>549300KDR56WHY9I3D10</lei>
        <title>Weir Group PLC ORD GBP0.125</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0009465807"/>
          <ticker value="WEIR"/>
          <other otherDesc="SEDOL" value="0946580"/>
        </identifiers>
        <balance>10825.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74379800"/>
        <valUSD>512580.70000000</valUSD>
        <pctVal>0.052781470063</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mapletree Industrial Trust</name>
        <lei>549300R7WZFHXNKDJF41</lei>
        <title>Mapletree Industrial Trust NPV (REIT)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG2C32962814"/>
          <ticker value="MINT"/>
          <other otherDesc="SEDOL" value="B4LR5Q8"/>
        </identifiers>
        <balance>85749.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.26485000"/>
        <valUSD>138299.37000000</valUSD>
        <pctVal>0.014240965485</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Deutsche Bank AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>Deutsche Bank AG ORD NPV(REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0005140008"/>
          <ticker value="DBK"/>
          <other otherDesc="SEDOL" value="5750355"/>
        </identifiers>
        <balance>75157.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
        <valUSD>2688315.98000000</valUSD>
        <pctVal>0.276821326707</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Antofagasta PLC</name>
        <lei>213800MY6QVH4FVLD628</lei>
        <title>Antofagasta PLC ORD GBP0.05</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0000456144"/>
          <ticker value="ANTO"/>
          <other otherDesc="SEDOL" value="0045614"/>
        </identifiers>
        <balance>14670.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74379800"/>
        <valUSD>841781.77000000</valUSD>
        <pctVal>0.086679969208</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASML Holding N.V.</name>
        <lei>724500Y6DUVHQD6OXN27</lei>
        <title>ASML Holding N.V. EUR0.09</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0010273215"/>
          <ticker value="ASML"/>
          <other otherDesc="SEDOL" value="B929F46"/>
        </identifiers>
        <balance>16075.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
        <valUSD>23409645.97000000</valUSD>
        <pctVal>2.410538531693</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UniCredit S.p.A.</name>
        <lei>549300TRUWO2CD2G5692</lei>
        <title>UniCredit S.p.A. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0005239360"/>
          <ticker value="UCG"/>
          <other otherDesc="SEDOL" value="BYMXPS7"/>
        </identifiers>
        <balance>59206.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
        <valUSD>5061790.76000000</valUSD>
        <pctVal>0.521222819088</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-04-28</ncom:dateSigned>
      <ncom:nameOfApplicant>Goldman Sachs ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Allison Frachiolla</ncom:signature>
      <ncom:signerName>Allison Frachiolla</ncom:signerName>
      <ncom:title>Vice President Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>