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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AIA Group Ltd, Hong Kong</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Novozymes A/S</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Schneider Electric SE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>L'Oreal S.A.</name>
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      <invstOrSec>
        <name>Oil Company Lukoil PJSC</name>
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        <name>Skandinaviska Enskilda Banken AB (publ)</name>
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        <invCountry>SE</invCountry>
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        <name>Samsung Electronics Co Ltd</name>
        <lei>9884007ER46L6N7EI764</lei>
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      <invstOrSec>
        <name>XP Inc.</name>
        <lei>5493008KDA8NBZRJST80</lei>
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        <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>Epiroc AB</name>
        <lei>5493004Q73OEYW1SPE91</lei>
        <title>Epiroc AB SER'A'NPV</title>
        <cusip>W25918124</cusip>
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          <isin value="SE0015658109"/>
          <ticker value="EPIAF"/>
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        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Banco Bilbao Vizcaya Argentaria, S.A.</name>
        <lei>K8MS7FD7N5Z2WQ51AZ71</lei>
        <title>Banco Bilbao Vizcaya Argentaria, S.A. EUR0.49</title>
        <cusip>E11805103</cusip>
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          <isin value="ES0113211835"/>
          <ticker value="BBVXF"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kering S.A.</name>
        <lei>549300VGEJKB7SVUZR78</lei>
        <title>Kering S.A. EUR4</title>
        <cusip>F5433L103</cusip>
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          <isin value="FR0000121485"/>
          <ticker value="PPRUF"/>
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        <balance>350392</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Allianz SE</name>
        <lei>529900K9B0N5BT694847</lei>
        <title>Allianz SE NPV(REGD)(VINKULIERT)</title>
        <cusip>D03080112</cusip>
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          <isin value="DE0008404005"/>
          <ticker value="ALIZF"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Infineon Technologies AG</name>
        <lei>TSI2PJM6EPETEQ4X1U25</lei>
        <title>Infineon Technologies AG ORD NPV (REGD)</title>
        <cusip>D35415104</cusip>
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          <isin value="DE0006231004"/>
          <ticker value="IFNNF"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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      <invstOrSec>
        <name>Alimentation Couche-Tard Inc.</name>
        <lei>549300OSW32RVX8CCZ87</lei>
        <title>Alimentation Couche-Tard Inc. COM</title>
        <cusip>01626P148</cusip>
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          <isin value="CA01626P1484"/>
          <ticker value="ANCTF"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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        <name>DBS Group Holdings Ltd</name>
        <lei>5493007FKT78NKPM5V55</lei>
        <title>DBS Group Holdings Ltd NPV</title>
        <cusip>Y20246107</cusip>
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          <isin value="SG1L01001701"/>
          <ticker value="DBSDF"/>
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        <assetCat>EC</assetCat>
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        <invCountry>SG</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Ping An Insurance (Group) Company of China Ltd.</name>
        <lei>529900M9MC28JLN35U89</lei>
        <title>Ping An Insurance (Group) Company of China Ltd. 'H' CNY1</title>
        <cusip>Y69790106</cusip>
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          <isin value="CNE1000003X6"/>
          <ticker value="PIAIF"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>CSPC Pharmaceutical Group Ltd.</name>
        <lei>529900M3XQCW234H8O91</lei>
        <title>CSPC Pharmaceutical Group Ltd. NPV</title>
        <cusip>Y1837N109</cusip>
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          <isin value="HK1093012172"/>
          <ticker value="CHJTF"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Chugai Pharmaceutical Co Ltd</name>
        <lei>529900T9LAII161DCN95</lei>
        <title>Chugai Pharmaceutical Co Ltd NPV</title>
        <cusip>J06930101</cusip>
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          <isin value="JP3519400000"/>
          <ticker value="CHGCF"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Symrise AG</name>
        <lei>529900D82I6R9601CF26</lei>
        <title>Symrise AG NPV (BR)</title>
        <cusip>D827A1108</cusip>
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          <isin value="DE000SYM9999"/>
          <ticker value="SYIEF"/>
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        <balance>2064723</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.0118897"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Daifuku Co Ltd</name>
        <lei>N/A</lei>
        <title>Daifuku Co Ltd NPV</title>
        <cusip>J08988107</cusip>
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          <isin value="JP3497400006"/>
          <ticker value="DAIUF"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fanuc Corporation</name>
        <lei>529900QTSW745LOKW705</lei>
        <title>Fanuc Corporation NPV</title>
        <cusip>J13440102</cusip>
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          <isin value="JP3802400006"/>
          <ticker value="FANUF"/>
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        <balance>748300</balance>
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        <currencyConditional curCd="JPY" exchangeRt="148.695"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Keyence Corp</name>
        <lei>529900M7PQBS7A89DZ11</lei>
        <title>Keyence Corp NPV</title>
        <cusip>J32491102</cusip>
        <identifiers>
          <isin value="JP3236200006"/>
          <ticker value="KYCCF"/>
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        <balance>487934</balance>
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        <currencyConditional curCd="JPY" exchangeRt="148.695"/>
        <valUSD>183891187.98</valUSD>
        <pctVal>1.3098492384</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Komatsu Ltd</name>
        <lei>5493004LQ0B4T7QPQV17</lei>
        <title>Komatsu Ltd NPV</title>
        <cusip>J35759125</cusip>
        <identifiers>
          <isin value="JP3304200003"/>
          <ticker value="KMTUF"/>
        </identifiers>
        <balance>9104600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="148.695"/>
        <valUSD>174269092.07</valUSD>
        <pctVal>1.2413114518</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kubota Corp</name>
        <lei>549300CSY4INHEHQQT13</lei>
        <title>Kubota Corp NPV</title>
        <cusip>J36662138</cusip>
        <identifiers>
          <isin value="JP3266400005"/>
          <ticker value="KUBTF"/>
        </identifiers>
        <balance>14351300</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="148.695"/>
        <valUSD>200207802.3</valUSD>
        <pctVal>1.4260717995</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nitori Holdings Co Ltd.</name>
        <lei>N/A</lei>
        <title>Nitori Holdings Co Ltd. NPV</title>
        <cusip>J58214131</cusip>
        <identifiers>
          <isin value="JP3756100008"/>
          <ticker value="NCLTF"/>
        </identifiers>
        <balance>1446600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="148.695"/>
        <valUSD>130970814.91</valUSD>
        <pctVal>0.9328996351</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Air Liquide S.A.(L')</name>
        <lei>969500MMPQVHK671GT54</lei>
        <title>Air Liquide S.A.(L') EUR5.50</title>
        <cusip>F01764103</cusip>
        <identifiers>
          <isin value="FR0000120073"/>
          <ticker value="AIQUF"/>
        </identifiers>
        <balance>1157898</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.0118897"/>
        <valUSD>151243227.77</valUSD>
        <pctVal>1.0772991837</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shionogi &amp; Co Ltd.</name>
        <lei>35380049VXDTHZI3DY35</lei>
        <title>Shionogi &amp; Co Ltd. NPV</title>
        <cusip>J74229105</cusip>
        <identifiers>
          <isin value="JP3347200002"/>
          <ticker value="SGIOF"/>
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        <balance>4312000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="148.695"/>
        <valUSD>199750469.51</valUSD>
        <pctVal>1.4228142372</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shimano Inc</name>
        <lei>529900L32YT3P9DECR10</lei>
        <title>Shimano Inc NPV</title>
        <cusip>J72262108</cusip>
        <identifiers>
          <isin value="JP3358000002"/>
          <ticker value="SHMDF"/>
        </identifiers>
        <balance>930900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="148.695"/>
        <valUSD>144349453.2</valUSD>
        <pctVal>1.0281951159</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shiseido Co Ltd.</name>
        <lei>5299008QCD0YDT5OF506</lei>
        <title>Shiseido Co Ltd. NPV</title>
        <cusip>J74358144</cusip>
        <identifiers>
          <isin value="JP3351600006"/>
          <ticker value="SSDOF"/>
        </identifiers>
        <balance>3824700</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="148.695"/>
        <valUSD>132515420.19</valUSD>
        <pctVal>0.9439017938</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sysmex Corp</name>
        <lei>5299001ZO4CKWACMZI55</lei>
        <title>Sysmex Corp NPV</title>
        <cusip>J7864H102</cusip>
        <identifiers>
          <isin value="JP3351100007"/>
          <ticker value="SSMXF"/>
        </identifiers>
        <balance>2627907</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="148.695"/>
        <valUSD>141762887.15</valUSD>
        <pctVal>1.0097711141</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Unicharm Corp.</name>
        <lei>353800UQ4BZIJTAQEG85</lei>
        <title>Unicharm Corp. NPV</title>
        <cusip>J94104114</cusip>
        <identifiers>
          <isin value="JP3951600000"/>
          <ticker value="UNCHF"/>
        </identifiers>
        <balance>6323100</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="148.695"/>
        <valUSD>192640335.9</valUSD>
        <pctVal>1.3721690529</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</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>G80827101</cusip>
        <identifiers>
          <isin value="GB00BP6MXD84"/>
          <ticker value="RYDAF"/>
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        <balance>11729501</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".8719916"/>
        <valUSD>325119614.47</valUSD>
        <pctVal>2.3158134115</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Roche Holdings AG</name>
        <lei>549300U41AUUVOAAOB37</lei>
        <title>Roche Holdings AG GENUSSCHEINE NPV</title>
        <cusip>H69293217</cusip>
        <identifiers>
          <isin value="CH0012032048"/>
          <ticker value="RHHVF"/>
        </identifiers>
        <balance>1434264</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="1.00135"/>
        <valUSD>476679176.64</valUSD>
        <pctVal>3.3953658319</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lonza Group AG</name>
        <lei>549300EFW4H2TCZ71055</lei>
        <title>Lonza Group AG CHF1 (REGD)</title>
        <cusip>H50524133</cusip>
        <identifiers>
          <isin value="CH0013841017"/>
          <ticker value="LZAGF"/>
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        <balance>582342</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="1.00135"/>
        <valUSD>299375343.49</valUSD>
        <pctVal>2.1324380464</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Alfa-Laval AB</name>
        <lei>549300UCKT2UK88AG251</lei>
        <title>Alfa-Laval AB NPV</title>
        <cusip>W04008152</cusip>
        <identifiers>
          <isin value="SE0000695876"/>
          <ticker value="ALFVF"/>
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        <balance>8315645</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="11.0412"/>
        <valUSD>204454792.7</valUSD>
        <pctVal>1.4563229344</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sonova Holding AG</name>
        <lei>5299004A0QNX7FBNHS61</lei>
        <title>Sonova Holding AG CHF0.05 (REGD)</title>
        <cusip>H8024W106</cusip>
        <identifiers>
          <isin value="CH0012549785"/>
          <ticker value="SONVF"/>
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        <balance>630459</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="1.00135"/>
        <valUSD>148888370.13</valUSD>
        <pctVal>1.0605256313</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zhejiang Sanhua Intelligent Controls Co Ltd.</name>
        <lei>N/A</lei>
        <title>Zhejiang Sanhua Intelligent Controls Co Ltd. 'A'CNY1</title>
        <cusip>Y9890L126</cusip>
        <identifiers>
          <isin value="CNE000001M22"/>
          <ticker value="002050"/>
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        <balance>37198337</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.33705"/>
        <valUSD>107577122.4</valUSD>
        <pctVal>0.7662673420</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Dassault Systemes</name>
        <lei>96950065LBWY0APQIM86</lei>
        <title>Dassault Systemes EUR0.10</title>
        <cusip>F24571451</cusip>
        <identifiers>
          <isin value="FR0014003TT8"/>
          <ticker value="DASTF"/>
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        <balance>5326825</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.0118897"/>
        <valUSD>178344029</valUSD>
        <pctVal>1.2703370570</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Atlas Copco AB</name>
        <lei>213800T8PC8Q4FYJZR07</lei>
        <title>Atlas Copco AB SER'A'NPV</title>
        <cusip>W1R924252</cusip>
        <identifiers>
          <isin value="SE0017486889"/>
          <ticker value="ATLPF"/>
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        <balance>44018632</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="11.0412"/>
        <valUSD>469958736.77</valUSD>
        <pctVal>3.3474964199</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENN Energy Holdings Limited</name>
        <lei>549300V7BXPWT6WIPR03</lei>
        <title>ENN Energy Holdings Limited HKD0.10</title>
        <cusip>G3066L101</cusip>
        <identifiers>
          <isin value="KYG3066L1014"/>
          <ticker value="XNGSF"/>
        </identifiers>
        <balance>16316700</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84965"/>
        <valUSD>161853564.01</valUSD>
        <pctVal>1.1528761648</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Yandex, NV</name>
        <lei>549300GGZHJ5Q1B18P93</lei>
        <title>Yandex, NV COM USD0.01 CL 'A'</title>
        <cusip>N97284108</cusip>
        <identifiers>
          <isin value="NL0009805522"/>
          <ticker value="YNDX"/>
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        <balance>2609766</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Northern Inst Fds</name>
        <lei>549300Y178DO5JBR1S04</lei>
        <title>Northern Inst Fds TREAS PRT PRMR</title>
        <cusip>665279873</cusip>
        <identifiers>
          <isin value="US6652798736"/>
          <ticker value="NTPXX"/>
        </identifiers>
        <balance>469312346.02</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>469312346.02</valUSD>
        <pctVal>3.3428922056</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2022-11-29</ncom:dateSigned>
      <ncom:nameOfApplicant>HARDING LOEVNER FUNDS INC</ncom:nameOfApplicant>
      <ncom:signature>Tracy L. Dotolo</ncom:signature>
      <ncom:signerName>Tracy L. Dotolo</ncom:signerName>
      <ncom:title>Chief Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
