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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>
      <invstOrSec>
        <name>TOKYO CENTURY CORP ORD JPY1</name>
        <lei>35380096ZLHOF84DXR74</lei>
        <title>TOKYO CENTURY CORP ORD JPY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3424950008"/>
          <other otherDesc="Internal Identifier" value="318048"/>
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        <balance>9000.00000000</balance>
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        <pctVal>0.122906390649</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>
      <invstOrSec>
        <name>ISRAEL DISCOUNT BANK LTD ORD ILS.1</name>
        <lei>549300XWZ7BG5G23OF51</lei>
        <title>ISRAEL DISCOUNT BANK LTD ORD ILS.1</title>
        <cusip>465074201</cusip>
        <identifiers>
          <ticker value="DSCT"/>
          <other otherDesc="Internal Identifier" value="303456"/>
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        <balance>72043.00000000</balance>
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        <pctVal>0.093467514001</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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UBS GROUP AG ORD CHF.1</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS GROUP AG ORD CHF.1</title>
        <cusip>H42097107</cusip>
        <identifiers>
          <ticker value="UBSG"/>
          <other otherDesc="Internal Identifier" value="591821"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>THE BERKELEY GROUP HOLDINGS PLC ORD GBP.05</name>
        <lei>2138009OQSSLVVHQAL78</lei>
        <title>THE BERKELEY GROUP HOLDINGS PLC ORD GBP.05</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B02L3W35"/>
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        <balance>23905.00000000</balance>
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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>
      <invstOrSec>
        <name>BARRATT DEVELOPMENTS PLC ORD GBP.10</name>
        <lei>2138006R85VEOF5YNK29</lei>
        <title>BARRATT DEVELOPMENTS PLC ORD GBP.10</title>
        <cusip>G08288105</cusip>
        <identifiers>
          <ticker value="BDEV"/>
          <other otherDesc="Internal Identifier" value="25189"/>
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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>YANGZIJIANG SHIPBUILDING HOLDINGS LTD ORD SGD NPV</name>
        <lei>254900Z3JEM14YIGLM66</lei>
        <title>YANGZIJIANG SHIPBUILDING HOLDINGS LTD ORD SGD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1U76934819"/>
          <other otherDesc="Internal Identifier" value="405412"/>
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        <currencyConditional curCd="SGD" exchangeRt="1.41120000"/>
        <valUSD>337595.40000000</valUSD>
        <pctVal>0.134286494809</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KUEHNE + NAGEL INTERNATIONAL AG ORD CHF1</name>
        <lei>529900Q0YED3805QXQ66</lei>
        <title>KUEHNE + NAGEL INTERNATIONAL AG ORD CHF1</title>
        <cusip>H4673L145</cusip>
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          <ticker value="KNIN"/>
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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>RELX PLC ORD GBP.144397</name>
        <lei>549300WSX3VBUFFJOO66</lei>
        <title>RELX PLC ORD GBP.144397</title>
        <cusip>G7493L105</cusip>
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          <ticker value="REL"/>
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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>DEUTSCHE LUFTHANSA AG ORD EUR NPV</name>
        <lei>529900PH63HYJ86ASW55</lei>
        <title>DEUTSCHE LUFTHANSA AG ORD EUR NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0008232125"/>
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        <balance>47179.00000000</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>WEST JAPAN RAILWAY CO ORD JPY NPV</name>
        <lei>353800QGUXHZ7EBCR121</lei>
        <title>WEST JAPAN RAILWAY CO ORD JPY NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3659000008"/>
          <other otherDesc="Internal Identifier" value="211629"/>
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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>TAYLOR WIMPEY PLC ORD GBP.01</name>
        <lei>21380089BTRXTD8S3R66</lei>
        <title>TAYLOR WIMPEY PLC ORD GBP.01</title>
        <cusip>G86954107</cusip>
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          <ticker value="TW/"/>
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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>KAKAKU.COM INC ORD JPY NPV</name>
        <lei>353800KA15Y0DCPWYY65</lei>
        <title>KAKAKU.COM INC ORD JPY NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3206000006"/>
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        <balance>28300.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cie Generale des Etablissements Michelin SCA ORD EUR2</name>
        <lei>549300SOSI58J6VIW052</lei>
        <title>Cie Generale des Etablissements Michelin SCA ORD EUR2</title>
        <cusip>F61824144</cusip>
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          <ticker value="ML"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FISHER &amp; PAYKEL HEALTHCARE CORP LTD ORD NZD NPV</name>
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        <cusip>000000000</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Faurecia SE ORD EUR7</name>
        <lei>969500F0VMZLK2IULV85</lei>
        <title>Faurecia SE ORD EUR7</title>
        <cusip>F3445A108</cusip>
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          <ticker value="EO"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BHP Group LTD ORD AUD1 NPV</name>
        <lei>WZE1WSENV6JSZFK0JC28</lei>
        <title>BHP Group LTD ORD AUD1 NPV</title>
        <cusip>Q1498M100</cusip>
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          <ticker value="BHP"/>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SANOFI ORD EUR2</name>
        <lei>549300E9PC51EN656011</lei>
        <title>SANOFI ORD EUR2</title>
        <cusip>F5548N101</cusip>
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          <ticker value="SAN"/>
          <other otherDesc="Internal Identifier" value="198957"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DAIWA SECURITIES GROUP INC ORD JPY NPV</name>
        <lei>353800WRC7Y23PWFJG38</lei>
        <title>DAIWA SECURITIES GROUP INC ORD JPY NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3502200003"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BLUESCOPE STEEL LTD ORD AUD NPV</name>
        <lei>529900H6UQI16XACWC95</lei>
        <title>BLUESCOPE STEEL LTD ORD AUD NPV</title>
        <cusip>000000000</cusip>
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        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALLIANZ SE ORD NPV</name>
        <lei>529900K9B0N5BT694847</lei>
        <title>ALLIANZ SE ORD NPV</title>
        <cusip>D03080112</cusip>
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          <ticker value="ALV"/>
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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>SWIRE PACIFIC LTD ORD A HKD.60</name>
        <lei>549300KZOZHII0DGF611</lei>
        <title>SWIRE PACIFIC LTD ORD A HKD.60</title>
        <cusip>Y83310105</cusip>
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          <ticker value="19"/>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NESTLE SA ORD REGD CHF0.1</name>
        <lei>KY37LUS27QQX7BB93L28</lei>
        <title>NESTLE SA ORD REGD CHF0.1</title>
        <cusip>H57312649</cusip>
        <identifiers>
          <ticker value="NESN"/>
          <other otherDesc="Internal Identifier" value="7187"/>
        </identifiers>
        <balance>11294.00000000</balance>
        <units>NS</units>
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        <valUSD>1192105.45000000</valUSD>
        <pctVal>0.474187925322</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>NIPPON TELEGRAPH &amp; TELEPHONE CORP ORD JPY NPV</name>
        <lei>353800VHQU5VIXVUA841</lei>
        <title>NIPPON TELEGRAPH &amp; TELEPHONE CORP ORD JPY NPV</title>
        <cusip>J59396101</cusip>
        <identifiers>
          <ticker value="9432"/>
          <other otherDesc="Internal Identifier" value="27591"/>
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        <balance>99000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="106.61500000"/>
        <valUSD>2253291.10000000</valUSD>
        <pctVal>0.896299427081</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>NITTO DENKO CORP ORD JPY NPV</name>
        <lei>3538009GX5P09USH2J25</lei>
        <title>NITTO DENKO CORP ORD JPY NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3684000007"/>
          <other otherDesc="Internal Identifier" value="185379"/>
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        <balance>32700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="106.61500000"/>
        <valUSD>1648176.27000000</valUSD>
        <pctVal>0.655600799439</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>KONE OYJ ORD B EUR.5 NEW</name>
        <lei>2138001CNF45JP5XZK38</lei>
        <title>KONE OYJ ORD B EUR.5 NEW</title>
        <cusip>X4551T105</cusip>
        <identifiers>
          <ticker value="KNEBV"/>
          <other otherDesc="Internal Identifier" value="335946"/>
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        <balance>4494.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.91945570"/>
        <valUSD>272399.87000000</valUSD>
        <pctVal>0.108353442401</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</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>RIO TINTO PLC ORD GBP.10</name>
        <lei>213800YOEO5OQ72G2R82</lei>
        <title>RIO TINTO PLC ORD GBP.10</title>
        <cusip>G75754104</cusip>
        <identifiers>
          <ticker value="RIO"/>
          <other otherDesc="Internal Identifier" value="8338"/>
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        <balance>34438.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80263260"/>
        <valUSD>1598075.90000000</valUSD>
        <pctVal>0.635672201253</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>
      <invstOrSec>
        <name>GALAPAGOS NV ORD EUR NPV</name>
        <lei>549300QKJ78IY0IOV655</lei>
        <title>GALAPAGOS NV ORD EUR NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0003818359"/>
          <other otherDesc="Internal Identifier" value="603941"/>
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        <balance>7870.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.91945570"/>
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        <pctVal>0.691157857723</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</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>SEGRO PLC REIT GBP.1000</name>
        <lei>213800XC35KGM9NFC641</lei>
        <title>SEGRO PLC REIT GBP.1000</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B5ZN1N88"/>
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        <balance>224192.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.80263260"/>
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        <pctVal>0.931763283062</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>
      <invstOrSec>
        <name>RANDSTAD NV ORD EUR.1</name>
        <lei>7245009EAAUUQJ0U4T57</lei>
        <title>RANDSTAD NV ORD EUR.1</title>
        <cusip>N7291Y137</cusip>
        <identifiers>
          <ticker value="RAND"/>
          <other otherDesc="Internal Identifier" value="205009"/>
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        <balance>23517.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.91945570"/>
        <valUSD>943866.32000000</valUSD>
        <pctVal>0.375444984386</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>TOTAL SA ORD EUR2.5</name>
        <lei>529900S21EQ1BO4ESM68</lei>
        <title>TOTAL SA ORD EUR2.5</title>
        <cusip>F92124100</cusip>
        <identifiers>
          <ticker value="FP"/>
          <other otherDesc="Internal Identifier" value="54200"/>
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        <balance>155663.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.91945570"/>
        <valUSD>5602894.17000000</valUSD>
        <pctVal>2.228682674231</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>
      <invstOrSec>
        <name>SINGAPORE EXCHANGE LTD ORD SGD NPV</name>
        <lei>549300IQ650PPXM76X03</lei>
        <title>SINGAPORE EXCHANGE LTD ORD SGD NPV</title>
        <cusip>Y79946102</cusip>
        <identifiers>
          <ticker value="SGX"/>
          <other otherDesc="Internal Identifier" value="289100"/>
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        <balance>164400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.41120000"/>
        <valUSD>1120940.91000000</valUSD>
        <pctVal>0.445880559074</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</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>
      <invstOrSec>
        <name>ENDESA SA ORD EUR 1.2</name>
        <lei>549300LHK07F2CHV4X31</lei>
        <title>ENDESA SA ORD EUR 1.2</title>
        <cusip>E41222113</cusip>
        <identifiers>
          <ticker value="ELE"/>
          <other otherDesc="Internal Identifier" value="54148"/>
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        <balance>64483.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.91945570"/>
        <valUSD>1430743.93000000</valUSD>
        <pctVal>0.569111982361</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</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>INVESTOR AB ORD SEK6.25 CL B</name>
        <lei>549300VEBQPHRZBKUX38</lei>
        <title>INVESTOR AB ORD SEK6.25 CL B</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0000107419"/>
          <other otherDesc="Internal Identifier" value="41157"/>
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        <balance>87965.00000000</balance>
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        <currencyConditional curCd="SEK" exchangeRt="9.84610000"/>
        <valUSD>4370221.21000000</valUSD>
        <pctVal>1.738358069555</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</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>COLOPLAST A/S ORD DKK1</name>
        <lei>529900NN7SOJ5QG82X67</lei>
        <title>COLOPLAST A/S ORD DKK1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DK0060448595"/>
          <other otherDesc="Internal Identifier" value="204861"/>
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        <balance>23676.00000000</balance>
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        <currencyConditional curCd="DKK" exchangeRt="6.85865000"/>
        <valUSD>3744271.71000000</valUSD>
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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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HOYA CORP ORD JPY NPV</name>
        <lei>353800X4VR3BHEUCJB42</lei>
        <title>HOYA CORP ORD JPY NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3837800006"/>
          <other otherDesc="Internal Identifier" value="190606"/>
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        <balance>24500.00000000</balance>
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        <valUSD>2251986.77000000</valUSD>
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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>CYBERARK SOFTWARE LTD ORD USD.01</name>
        <lei>529900YEXNDM894PWS93</lei>
        <title>CYBERARK SOFTWARE LTD ORD USD.01</title>
        <cusip>M2682V108</cusip>
        <identifiers>
          <ticker value="CYBR"/>
          <other otherDesc="Internal Identifier" value="587976"/>
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        <balance>6100.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>602436.00000000</valUSD>
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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>NEXT PLC ORD GBP.10</name>
        <lei>213800WQD8ECPZP9PH98</lei>
        <title>NEXT PLC ORD GBP.10</title>
        <cusip>G6500M106</cusip>
        <identifiers>
          <ticker value="NXT"/>
          <other otherDesc="Internal Identifier" value="31932"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ADMIRAL GROUP PLC ORD GBP.001</name>
        <lei>213800FGVM7Z9EJB2685</lei>
        <title>ADMIRAL GROUP PLC ORD GBP.001</title>
        <cusip>G0110T106</cusip>
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          <ticker value="ADM"/>
          <other otherDesc="Internal Identifier" value="319099"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SGS SA REGD CHF1</name>
        <lei>2138007JNS19JHNA2336</lei>
        <title>SGS SA REGD CHF1</title>
        <cusip>H7485A108</cusip>
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          <ticker value="SGSN"/>
          <other otherDesc="Internal Identifier" value="32510"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>JAPAN POST INSURANCE CO LTD ORD JPY NPV</name>
        <lei>54930042SK2Z708BA841</lei>
        <title>JAPAN POST INSURANCE CO LTD ORD JPY NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3233250004"/>
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        <balance>45500.00000000</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FORTESCUE METALS GROUP LTD ORD AUD NPV</name>
        <lei>529900VEJFORCO6I4826</lei>
        <title>FORTESCUE METALS GROUP LTD ORD AUD NPV</title>
        <cusip>Q39360104</cusip>
        <identifiers>
          <ticker value="FMG"/>
          <other otherDesc="Internal Identifier" value="348989"/>
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        <balance>286773.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RED ELECTRICA CORP SA ORD EUR.5</name>
        <lei>5493009HMD0C90GUV498</lei>
        <title>RED ELECTRICA CORP SA ORD EUR.5</title>
        <cusip>E42807110</cusip>
        <identifiers>
          <ticker value="REE"/>
          <other otherDesc="Internal Identifier" value="224383"/>
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        <balance>58819.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.91945570"/>
        <valUSD>1034712.26000000</valUSD>
        <pctVal>0.411581089470</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</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>SHINSEI BANK LTD ORD JPY NPV</name>
        <lei>549300PZYOQ2NW83V760</lei>
        <title>SHINSEI BANK LTD ORD JPY NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3729000004"/>
          <other otherDesc="Internal Identifier" value="296068"/>
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        <balance>39500.00000000</balance>
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        <pctVal>0.191030213309</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HITACHI LTD ORD JPY NPV</name>
        <lei>549300T6IPOCDWLKC615</lei>
        <title>HITACHI LTD ORD JPY NPV</title>
        <cusip>J20454112</cusip>
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          <ticker value="6501"/>
          <other otherDesc="Internal Identifier" value="17636"/>
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        <balance>58300.00000000</balance>
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        <pctVal>0.700232144636</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WOLTERS KLUWER NV ORD EUR.12</name>
        <lei>724500TEM53I0U077B74</lei>
        <title>WOLTERS KLUWER NV ORD EUR.12</title>
        <cusip>N9643A197</cusip>
        <identifiers>
          <ticker value="WKL"/>
          <other otherDesc="Internal Identifier" value="54582"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>KONINKLIJKE AHOLD DELHAIZE NV ORD EUR.01</name>
        <lei>724500C9GNBV20UYRX36</lei>
        <title>KONINKLIJKE AHOLD DELHAIZE NV ORD EUR.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0011794037"/>
          <other otherDesc="Internal Identifier" value="63142"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GECINA SA REIT EUR7.5</name>
        <lei>9695003E4MMA10IBTR26</lei>
        <title>GECINA SA REIT EUR7.5</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0010040865"/>
          <other otherDesc="Internal Identifier" value="206251"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>FR</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>CALBEE INC ORD JPY NPV</name>
        <lei>529900CIHZID6O8LJH81</lei>
        <title>CALBEE INC ORD JPY NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3220580009"/>
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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>AIR WATER INC ORD JPY1</name>
        <lei>N/A</lei>
        <title>AIR WATER INC ORD JPY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3160670000"/>
          <other otherDesc="Internal Identifier" value="317381"/>
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        <balance>29700.00000000</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>
      <invstOrSec>
        <name>KAMIGUMI CO LTD ORD JPY NPV</name>
        <lei>N/A</lei>
        <title>KAMIGUMI CO LTD ORD JPY NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3219000001"/>
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        <balance>21800.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BHP Group PLC ORD GBP.5</name>
        <lei>549300C116EOWV835768</lei>
        <title>BHP Group PLC ORD GBP.5</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BH0P3Z91"/>
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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>
      <invstOrSec>
        <name>LEGAL &amp; GENERAL GROUP PLC ORD GBP.025</name>
        <lei>213800JH9QQWHLO99821</lei>
        <title>LEGAL &amp; GENERAL GROUP PLC ORD GBP.025</title>
        <cusip>G54404127</cusip>
        <identifiers>
          <ticker value="LGEN"/>
          <other otherDesc="Internal Identifier" value="205219"/>
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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>NEC CORP ORD JPY NPV</name>
        <lei>5493000QYMPFRTEY4K28</lei>
        <title>NEC CORP ORD JPY NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3733000008"/>
          <other otherDesc="Internal Identifier" value="7171"/>
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        <balance>26900.00000000</balance>
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        <assetCat>EC</assetCat>
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        <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>AGL ENERGY LTD ORD AUD NPV</name>
        <lei>549300QAZ8A74DEDXO80</lei>
        <title>AGL ENERGY LTD ORD AUD NPV</title>
        <cusip>Q01630195</cusip>
        <identifiers>
          <ticker value="AGL"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SUMITOMO HEAVY INDUSTRIES LTD ORD JPY NPV</name>
        <lei>353800VSTEIRMBC3S374</lei>
        <title>SUMITOMO HEAVY INDUSTRIES LTD ORD JPY NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3405400007"/>
          <other otherDesc="Internal Identifier" value="178750"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ATLAS COPCO AB ORD SEK.639 CL A</name>
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        <cusip>000000000</cusip>
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          <isin value="SE0011166610"/>
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        <invCountry>SE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bank of Ireland Group PLC ORD EUR NPV</name>
        <lei>635400C8EK6DRI12LJ39</lei>
        <title>Bank of Ireland Group PLC ORD EUR NPV</title>
        <cusip>000000000</cusip>
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          <isin value="IE00BD1RP616"/>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>COCHLEAR LTD ORD AUD NPV</name>
        <lei>5493001OLLWY8KV5UC08</lei>
        <title>COCHLEAR LTD ORD AUD NPV</title>
        <cusip>Q25953102</cusip>
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          <ticker value="COH"/>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>GJENSIDIGE FORSIKRING ASA ORD NOK2</name>
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        <title>GJENSIDIGE FORSIKRING ASA ORD NOK2</title>
        <cusip>R2763X101</cusip>
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          <ticker value="GJF"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ADVANTEST CORP ORD JPY NPV</name>
        <lei>353800EMK32PDKS9XR54</lei>
        <title>ADVANTEST CORP ORD JPY NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3122400009"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ENI SPA ORD EUR0.001</name>
        <lei>BUCRF72VH5RBN7X3VL35</lei>
        <title>ENI SPA ORD EUR0.001</title>
        <cusip>T3643A145</cusip>
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          <ticker value="ENI"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SEKISUI CHEMICAL CO LTD ORD JPY NPV</name>
        <lei>529900KQIVT7NWFNMI70</lei>
        <title>SEKISUI CHEMICAL CO LTD ORD JPY NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3419400001"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ZOZO INC ORD JPY NPV</name>
        <lei>549300GC7XPQMZA0OW13</lei>
        <title>ZOZO INC ORD JPY NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3399310006"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ADIDAS AG ORD EUR NPV</name>
        <lei>549300JSX0Z4CW0V5023</lei>
        <title>ADIDAS AG ORD EUR NPV</title>
        <cusip>D0066B185</cusip>
        <identifiers>
          <ticker value="ADS"/>
          <other otherDesc="Internal Identifier" value="59218"/>
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        <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>
      <invstOrSec>
        <name>AMADA CO LTD ORD JPY NPV</name>
        <lei>529900QF5O6TQGCPDX85</lei>
        <title>AMADA CO LTD ORD JPY NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3122800000"/>
          <other otherDesc="Internal Identifier" value="268060"/>
        </identifiers>
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        <valUSD>625507.99000000</valUSD>
        <pctVal>0.248810485725</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <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>COMFORTDELGRO CORP LTD ORD SGD NPV</name>
        <lei>2549005O5PVA2JCH6Q33</lei>
        <title>COMFORTDELGRO CORP LTD ORD SGD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1N31909426"/>
          <other otherDesc="Internal Identifier" value="275520"/>
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        <balance>485500.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.41120000"/>
        <valUSD>565947.02000000</valUSD>
        <pctVal>0.225118711818</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</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>
      <invstOrSec>
        <name>HARGREAVES LANSDOWN PLC ORD GBP.004</name>
        <lei>2138008ZCE93ZDSESG90</lei>
        <title>HARGREAVES LANSDOWN PLC ORD GBP.004</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B1VZ0M25"/>
          <other otherDesc="Internal Identifier" value="400789"/>
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        <pctVal>0.318495493691</pctVal>
        <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>
      <invstOrSec>
        <name>3I GROUP PLC ORD GBP.7386</name>
        <lei>35GDVHRBMFE7NWATNM84</lei>
        <title>3I GROUP PLC ORD GBP.7386</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B1YW4409"/>
          <other otherDesc="Internal Identifier" value="206036"/>
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        <balance>190492.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.80263260"/>
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        <pctVal>0.748185936523</pctVal>
        <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>
      <invstOrSec>
        <name>Adyen NV ORD EUR 0.01</name>
        <lei>724500973ODKK3IFQ447</lei>
        <title>Adyen NV ORD EUR 0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0012969182"/>
          <other otherDesc="Internal Identifier" value="876972"/>
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        <balance>749.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.91945570"/>
        <valUSD>739596.16000000</valUSD>
        <pctVal>0.294191733362</pctVal>
        <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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PARTNERS GROUP HOLDING AG ORD CHF NPV</name>
        <lei>549300I3IVVWZWDHI788</lei>
        <title>PARTNERS GROUP HOLDING AG ORD CHF NPV</title>
        <cusip>H6120A101</cusip>
        <identifiers>
          <ticker value="PGHN"/>
          <other otherDesc="Internal Identifier" value="373561"/>
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        <balance>3691.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.97460000"/>
        <valUSD>2904932.46000000</valUSD>
        <pctVal>1.155505074159</pctVal>
        <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>
      <invstOrSec>
        <name>OBAYASHI CORP ORD JPY NPV</name>
        <lei>529900YT4O5S0LCXWD54</lei>
        <title>OBAYASHI CORP ORD JPY NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3190000004"/>
          <other otherDesc="Internal Identifier" value="21922"/>
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        <balance>133100.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="106.61500000"/>
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        <pctVal>0.469579858855</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>
      <invstOrSec>
        <name>TENARIS SA ORD EUR1</name>
        <lei>549300Y7C05BKC4HZB40</lei>
        <title>TENARIS SA ORD EUR1</title>
        <cusip>L90272102</cusip>
        <identifiers>
          <ticker value="TEN"/>
          <other otherDesc="Internal Identifier" value="349268"/>
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        <balance>94453.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.91945570"/>
        <valUSD>661728.80000000</valUSD>
        <pctVal>0.263218163122</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</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>
      <invstOrSec>
        <name>BURBERRY GROUP PLC ORD GBP.0005</name>
        <lei>213800PE1KEFCNFR1R50</lei>
        <title>BURBERRY GROUP PLC ORD GBP.0005</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0031743007"/>
          <other otherDesc="Internal Identifier" value="253761"/>
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        <balance>36548.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80263260"/>
        <valUSD>639822.25000000</valUSD>
        <pctVal>0.254504318642</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>THE SAGE GROUP PLC ORD GBP.01051</name>
        <lei>2138005RN5XYLTF8G138</lei>
        <title>THE SAGE GROUP PLC ORD GBP.01051</title>
        <cusip>G7771K142</cusip>
        <identifiers>
          <ticker value="SGE"/>
          <other otherDesc="Internal Identifier" value="206902"/>
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        <balance>202624.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.80263260"/>
        <valUSD>1633246.66000000</valUSD>
        <pctVal>0.649662196615</pctVal>
        <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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TOPPAN PRINTING CO LTD ORD JPY NPV</name>
        <lei>3538003H9W4KIDODQY20</lei>
        <title>TOPPAN PRINTING CO LTD ORD JPY NPV</title>
        <cusip>890747108</cusip>
        <identifiers>
          <ticker value="7911"/>
          <other otherDesc="Internal Identifier" value="42768"/>
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        <balance>57100.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="106.61500000"/>
        <valUSD>857550.66000000</valUSD>
        <pctVal>0.341110904512</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>FUJITSU LTD ORD JPY NPV</name>
        <lei>3538000246DHJLRTUZ24</lei>
        <title>FUJITSU LTD ORD JPY NPV</title>
        <cusip>J15708159</cusip>
        <identifiers>
          <ticker value="6702"/>
          <other otherDesc="Internal Identifier" value="42752"/>
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        <balance>38700.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="106.61500000"/>
        <valUSD>3798430.15000000</valUSD>
        <pctVal>1.510914753648</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>
      <invstOrSec>
        <name>Goodman Group REIT AUD NPV</name>
        <lei>N/A</lei>
        <title>Goodman Group REIT AUD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000GMG2"/>
          <other otherDesc="Internal Identifier" value="327078"/>
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        <balance>191541.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.52741710"/>
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        <pctVal>0.648927445366</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</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>
      <invstOrSec>
        <name>ORIX CORP ORD JPY NPV</name>
        <lei>35380016EMHNBOVYE123</lei>
        <title>ORIX CORP ORD JPY NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3200450009"/>
          <other otherDesc="Internal Identifier" value="62865"/>
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        <balance>183900.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="106.61500000"/>
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        <pctVal>0.878474386287</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>PANDORA A/S ORD DKK 1</name>
        <lei>5299007OWYZ6I1E46843</lei>
        <title>PANDORA A/S ORD DKK 1</title>
        <cusip>K7681L102</cusip>
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          <ticker value="PNDORA"/>
          <other otherDesc="Internal Identifier" value="490761"/>
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        <currencyConditional curCd="DKK" exchangeRt="6.85865000"/>
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        <pctVal>0.234373786775</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Coles Group Ltd ORD AUD 1</name>
        <lei>549300OHQRG2HN8LZ793</lei>
        <title>Coles Group Ltd ORD AUD 1</title>
        <cusip>000000000</cusip>
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          <isin value="AU0000030678"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JERONIMO MARTINS SGPS SA ORD EUR1</name>
        <lei>259400A8SZP10GB5IB19</lei>
        <title>JERONIMO MARTINS SGPS SA ORD EUR1</title>
        <cusip>000000000</cusip>
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          <isin value="PTJMT0AE0001"/>
          <other otherDesc="Internal Identifier" value="62624"/>
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        <assetCat>EC</assetCat>
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        <invCountry>PT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>SUMITOMO MITSUI TRUST HOLDINGS INC ORD JPY NPV</name>
        <lei>353800P843RLCDBLNT17</lei>
        <title>SUMITOMO MITSUI TRUST HOLDINGS INC ORD JPY NPV</title>
        <cusip>J7772M102</cusip>
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          <ticker value="8309"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Equinor ASA ORD NOK 2.5</name>
        <lei>OW6OFBNCKXC4US5C7523</lei>
        <title>Equinor ASA ORD NOK 2.5</title>
        <cusip>000000000</cusip>
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          <isin value="NO0010096985"/>
          <other otherDesc="Internal Identifier" value="211245"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BANCO DE SABADELL SA ORD EUR.125</name>
        <lei>SI5RG2M0WQQLZCXKRM20</lei>
        <title>BANCO DE SABADELL SA ORD EUR.125</title>
        <cusip>E15819191</cusip>
        <identifiers>
          <ticker value="SAB"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>ES</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANDAI NAMCO HOLDINGS INC ORD JPY NPV</name>
        <lei>N/A</lei>
        <title>BANDAI NAMCO HOLDINGS INC ORD JPY NPV</title>
        <cusip>Y0606D102</cusip>
        <identifiers>
          <ticker value="7832"/>
          <other otherDesc="Internal Identifier" value="343217"/>
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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>
      <invstOrSec>
        <name>RECRUIT HOLDINGS CO LTD ORD JPY NPV</name>
        <lei>353800R2LRSMVVC4I806</lei>
        <title>RECRUIT HOLDINGS CO LTD ORD JPY NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3970300004"/>
          <other otherDesc="Internal Identifier" value="588726"/>
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        <balance>55300.00000000</balance>
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        <valUSD>1639396.28000000</valUSD>
        <pctVal>0.652108352322</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WHEELOCK &amp; CO LTD ORD HKD NPV</name>
        <lei>254900QXFKSHVV2YBM95</lei>
        <title>WHEELOCK &amp; CO LTD ORD HKD NPV</title>
        <cusip>Y9553V106</cusip>
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          <ticker value="20"/>
          <other otherDesc="Internal Identifier" value="1347"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</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>
      <invstOrSec>
        <name>HENNES &amp; MAURITZ AB ORD B SEK NPV</name>
        <lei>529900O5RR7R39FRDM42</lei>
        <title>HENNES &amp; MAURITZ AB ORD B SEK NPV</title>
        <cusip>W41422101</cusip>
        <identifiers>
          <ticker value="HMB"/>
          <other otherDesc="Internal Identifier" value="201593"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>IFT MONEY MARKET PORTFOLIO OEMF-SWEEP MONEY MARKET PORTFOLIO</name>
        <lei>N/A</lei>
        <title>IFT MONEY MARKET PORTFOLIO OEMF-SWEEP MONEY MARKET PORTFOLIO</title>
        <cusip>457756500</cusip>
        <identifiers>
          <ticker value="INFXX"/>
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        <curCd>USD</curCd>
        <valUSD>1737093.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ROYAL DUTCH SHELL PLC ORD GBP.07 B SHARES</name>
        <lei>21380068P1DRHMJ8KU70</lei>
        <title>ROYAL DUTCH SHELL PLC ORD GBP.07 B SHARES</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B03MM408"/>
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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>
      <invstOrSec>
        <name>PROXIMUS SADP ORD EUR NPV</name>
        <lei>549300CWRXC5EP004533</lei>
        <title>PROXIMUS SADP ORD EUR NPV</title>
        <cusip>B6951K109</cusip>
        <identifiers>
          <ticker value="PROX"/>
          <other otherDesc="Internal Identifier" value="300562"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>BE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GEBERIT AG ORD REG CHF1</name>
        <lei>52990093Z5OHD6T7BS47</lei>
        <title>GEBERIT AG ORD REG CHF1</title>
        <cusip>000000000</cusip>
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          <isin value="CH0030170408"/>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NOVARTIS AG ORD CHF.5</name>
        <lei>5493007HIVTX6SY6XD66</lei>
        <title>NOVARTIS AG ORD CHF.5</title>
        <cusip>H5820Q150</cusip>
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          <ticker value="NOVN"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KDDI CORP ORD JPY NPV</name>
        <lei>5299003FU7V4I45FU310</lei>
        <title>KDDI CORP ORD JPY NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3496400007"/>
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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>INDUSTRIA DE DISENO TEXTIL SA ORD EUR.03</name>
        <lei>549300TTCXZOGZM2EY83</lei>
        <title>INDUSTRIA DE DISENO TEXTIL SA ORD EUR.03</title>
        <cusip>000000000</cusip>
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          <isin value="ES0148396007"/>
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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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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TAIHEIYO CEMENT CORP ORD JPY NPV</name>
        <lei>N/A</lei>
        <title>TAIHEIYO CEMENT CORP ORD JPY NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3449020001"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NOMURA RESEARCH INSTITUTE LTD ORD JPY NPV</name>
        <lei>5299005F1HCVF4M4QN79</lei>
        <title>NOMURA RESEARCH INSTITUTE LTD ORD JPY NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3762800005"/>
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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>ORACLE CORP JAPAN ORD JPY NPV</name>
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        <title>ORACLE CORP JAPAN ORD JPY NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3689500001"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TELEFONICA SA ORD BR EUR1</name>
        <lei>549300EEJH4FEPDBBR25</lei>
        <title>TELEFONICA SA ORD BR EUR1</title>
        <cusip>879382109</cusip>
        <identifiers>
          <ticker value="TEF"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ASTELLAS PHARMA INC ORD JPY NPV</name>
        <lei>529900IB708DY2HBBB35</lei>
        <title>ASTELLAS PHARMA INC ORD JPY NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3942400007"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KURITA WATER INDUSTRIES LTD ORD JPY NPV</name>
        <lei>52990086GS2ON69UMX34</lei>
        <title>KURITA WATER INDUSTRIES LTD ORD JPY NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3270000007"/>
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        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EVRAZ PLC ORD GBP.05</name>
        <lei>5493005B7DAN39RXLK23</lei>
        <title>EVRAZ PLC ORD GBP.05</title>
        <cusip>G33090104</cusip>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PEUGEOT SA ORD EUR1</name>
        <lei>969500TZ5950IT5FPQ42</lei>
        <title>PEUGEOT SA ORD EUR1</title>
        <cusip>F72313111</cusip>
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          <ticker value="UG"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SOCIETE BIC SA ORD EUR3.82</name>
        <lei>969500UR00DF63I0VH67</lei>
        <title>SOCIETE BIC SA ORD EUR3.82</title>
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          <ticker value="BB"/>
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      <invstOrSec>
        <name>EMS-CHEMIE HOLDING AG ORD CHF.01</name>
        <lei>529900G1XFTGSE0DIX60</lei>
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      <invstOrSec>
        <name>MAGELLAN FINANCIAL GROUP LTD ORD AUD NPV</name>
        <lei>549300X5WFW6USQQ9U26</lei>
        <title>MAGELLAN FINANCIAL GROUP LTD ORD AUD NPV</title>
        <cusip>Q5713S107</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHECK POINT SOFTWARE TECHNOLOGIES LTD ORD ILS.01</name>
        <lei>2549003ZVBH73EPNS513</lei>
        <title>CHECK POINT SOFTWARE TECHNOLOGIES LTD ORD ILS.01</title>
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        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SUZUKEN CO LTD ORD JPY NPV</name>
        <lei>N/A</lei>
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          <isin value="JP3398000004"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Amundi SA ORD EUR 2.50</name>
        <lei>96950010FL2T1TJKR531</lei>
        <title>Amundi SA ORD EUR 2.50</title>
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          <isin value="FR0004125920"/>
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        <payoffProfile>Long</payoffProfile>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>TOKYO ELECTRIC POWER CO HOLDINGS INC ORD JPY NPV</name>
        <lei>5299004EMJ3R4RVR5Y75</lei>
        <title>TOKYO ELECTRIC POWER CO HOLDINGS INC ORD JPY NPV</title>
        <cusip>J86914108</cusip>
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          <ticker value="9501"/>
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      <invstOrSec>
        <name>TOSOH CORP ORD JPY NPV</name>
        <lei>529900YSLFVJF2MDBX02</lei>
        <title>TOSOH CORP ORD JPY NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3595200001"/>
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        <name>NATIXIS SA ORD EUR11.2</name>
        <lei>KX1WK48MPD4Y2NCUIZ63</lei>
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          <isin value="FR0000120685"/>
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      <invstOrSec>
        <name>NOMURA HOLDINGS INC ORD JPY NPV</name>
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        <title>NOMURA HOLDINGS INC ORD JPY NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3762600009"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>SHOWA DENKO KK ORD JPY NPV</name>
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        <title>SHOWA DENKO KK ORD JPY NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3368000000"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>MEDIPAL HOLDINGS CORP ORD JPY NPV</name>
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        <cusip>000000000</cusip>
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          <isin value="JP3268950007"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>ALFRESA HOLDINGS CORP ORD JPY1</name>
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        <cusip>000000000</cusip>
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          <isin value="JP3126340003"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VEOLIA ENVIRONNEMENT SA ORD EUR13.5</name>
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        <cusip>F9686M107</cusip>
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          <ticker value="VIE"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>TOKYO ELECTRON LTD ORD JPY NPV</name>
        <lei>549300H5LSF8DP3RIJ34</lei>
        <title>TOKYO ELECTRON LTD ORD JPY NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3571400005"/>
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        <name>OMV AG ORD EUR NPV</name>
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        <title>OMV AG ORD EUR NPV</title>
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          <isin value="AT0000743059"/>
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      <invstOrSec>
        <name>SUNDRUG CO LTD ORD JPY1</name>
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          <isin value="JP3336600006"/>
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      <invstOrSec>
        <name>SMITH &amp; NEPHEW PLC ORD USD.20</name>
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        <name>UNILEVER NV ORD EUR.16</name>
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        <name>MITSUBISHI UFJ LEASE &amp; FINANCE CO LTD ORD JPY1</name>
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        <name>MIZRAHI TEFAHOT BANK LTD ORD ILS.10</name>
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      <invstOrSec>
        <name>SEVEN &amp; I HOLDINGS CO LTD ORD JPY NPV</name>
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        <name>DEUTSCHE TELEKOM AG ORD REGD NPV</name>
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        <name>OTSUKA CORP ORD JPY NPV</name>
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        <name>SARTORIUS STEDIM BIOTECH ORD EUR.2</name>
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      <invstOrSec>
        <name>CHUGAI PHARMACEUTICAL CO LTD ORD JPY NPV</name>
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        <pctVal>0.901980578980</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>FIAT CHRYSLER AUTOMOBILES NV ORD EUR.01</name>
        <lei>549300LKT9PW7ZIBDF31</lei>
        <title>FIAT CHRYSLER AUTOMOBILES NV ORD EUR.01</title>
        <cusip>N31738102</cusip>
        <identifiers>
          <ticker value="FCA"/>
          <other otherDesc="Internal Identifier" value="590493"/>
        </identifiers>
        <balance>74910.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.91945570"/>
        <valUSD>657944.34000000</valUSD>
        <pctVal>0.261712805324</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>M&amp;G PLC ORD GBP.05</name>
        <lei>254900TWUJUQ44TQJY84</lei>
        <title>M&amp;G PLC ORD GBP.05</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BKFB1C65"/>
          <other otherDesc="Internal Identifier" value="1016622"/>
        </identifiers>
        <balance>514853.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80263260"/>
        <valUSD>857550.78000000</valUSD>
        <pctVal>0.341110952245</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>QANTAS AIRWAYS LTD ORD AUD NPV</name>
        <lei>YLXNW6TI6QSK1H8H0N82</lei>
        <title>QANTAS AIRWAYS LTD ORD AUD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000QAN2"/>
          <other otherDesc="Internal Identifier" value="34260"/>
        </identifiers>
        <balance>146936.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.52741710"/>
        <valUSD>364938.73000000</valUSD>
        <pctVal>0.145162946154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUN HUNG KAI PROPERTIES LTD ORD HKD NPV</name>
        <lei>529900LUMD393RD3S874</lei>
        <title>SUN HUNG KAI PROPERTIES LTD ORD HKD NPV</title>
        <cusip>Y82594121</cusip>
        <identifiers>
          <ticker value="16"/>
          <other otherDesc="Internal Identifier" value="1160"/>
        </identifiers>
        <balance>112500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75005000"/>
        <valUSD>1538315.11000000</valUSD>
        <pctVal>0.611900944251</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aroundtown SA ORD EUR NPV</name>
        <lei>529900H4DWG3KWMBMQ39</lei>
        <title>Aroundtown SA ORD EUR NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="LU1673108939"/>
          <other otherDesc="Internal Identifier" value="822286"/>
        </identifiers>
        <balance>174860.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.91945570"/>
        <valUSD>940727.01000000</valUSD>
        <pctVal>0.374196250144</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HERMES INTERNATIONAL ORD NPV</name>
        <lei>969500Y4IJGHJE2MTJ13</lei>
        <title>HERMES INTERNATIONAL ORD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000052292"/>
          <other otherDesc="Internal Identifier" value="204904"/>
        </identifiers>
        <balance>4160.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.91945570"/>
        <valUSD>3043907.11000000</valUSD>
        <pctVal>1.210785503383</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DIRECT LINE INSURANCE GROUP PLC ORD GBP.109091</name>
        <lei>213800FF2R23ALJQOP04</lei>
        <title>DIRECT LINE INSURANCE GROUP PLC ORD GBP.109091</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BY9D0Y18"/>
          <other otherDesc="Internal Identifier" value="530977"/>
        </identifiers>
        <balance>357193.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80263260"/>
        <valUSD>1225886.79000000</valUSD>
        <pctVal>0.487625246264</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>TREND MICRO INC ORD JPY NPV</name>
        <lei>3538005O5UJ5RNAGVE16</lei>
        <title>TREND MICRO INC ORD JPY NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3637300009"/>
          <other otherDesc="Internal Identifier" value="212991"/>
        </identifiers>
        <balance>25600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="106.61500000"/>
        <valUSD>1304625.70000000</valUSD>
        <pctVal>0.518945495975</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>WH GROUP LTD ORD HKD.0001 REG S</name>
        <lei>254900A4AYEDRWYSE928</lei>
        <title>WH GROUP LTD ORD HKD.0001 REG S</title>
        <cusip>G96007102</cusip>
        <identifiers>
          <ticker value="288"/>
          <other otherDesc="Internal Identifier" value="582866"/>
        </identifiers>
        <balance>1940000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75005000"/>
        <valUSD>1850291.48000000</valUSD>
        <pctVal>0.735996868517</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KBC GROEP NV ORD EUR NPV</name>
        <lei>213800X3Q9LSAKRUWY91</lei>
        <title>KBC GROEP NV ORD EUR NPV</title>
        <cusip>B5337G162</cusip>
        <identifiers>
          <ticker value="KBC"/>
          <other otherDesc="Internal Identifier" value="193937"/>
        </identifiers>
        <balance>6042.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.91945570"/>
        <valUSD>326244.40000000</valUSD>
        <pctVal>0.129771368115</pctVal>
        <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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ORION OYJ ORD EUR.65</name>
        <lei>74370029VAHCXDR7B745</lei>
        <title>ORION OYJ ORD EUR.65</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FI0009014377"/>
          <other otherDesc="Internal Identifier" value="365341"/>
        </identifiers>
        <balance>19044.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.91945570"/>
        <valUSD>967788.74000000</valUSD>
        <pctVal>0.384960688478</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FUCHS PETROLUB SE PRF EUR NPV</name>
        <lei>529900SNF9E1P5ZO4P98</lei>
        <title>FUCHS PETROLUB SE PRF EUR NPV</title>
        <cusip>D27462122</cusip>
        <identifiers>
          <ticker value="FPE3"/>
          <other otherDesc="Internal Identifier" value="316954"/>
        </identifiers>
        <balance>13925.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.91945570"/>
        <valUSD>541035.28000000</valUSD>
        <pctVal>0.215209482474</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</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>UNILEVER PLC ORD GBP.0311</name>
        <lei>549300MKFYEKVRWML317</lei>
        <title>UNILEVER PLC ORD GBP.0311</title>
        <cusip>G92087165</cusip>
        <identifiers>
          <ticker value="ULVR"/>
          <other otherDesc="Internal Identifier" value="3019"/>
        </identifiers>
        <balance>28795.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80263260"/>
        <valUSD>1487625.65000000</valUSD>
        <pctVal>0.591738021690</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>ROCHE HOLDING AG ORD CHF NPV</name>
        <lei>549300U41AUUVOAAOB37</lei>
        <title>ROCHE HOLDING AG ORD CHF NPV</title>
        <cusip>H69293217</cusip>
        <identifiers>
          <ticker value="ROG"/>
          <other otherDesc="Internal Identifier" value="7186"/>
        </identifiers>
        <balance>31174.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.97460000"/>
        <valUSD>10832109.28000000</valUSD>
        <pctVal>4.308725730886</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>LINK REIT REIT HKD1</name>
        <lei>529900XUE70U36QX5M62</lei>
        <title>LINK REIT REIT HKD1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0823032773"/>
          <other otherDesc="Internal Identifier" value="322384"/>
        </identifiers>
        <balance>53100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75005000"/>
        <valUSD>473349.22000000</valUSD>
        <pctVal>0.188285763297</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RIO TINTO LTD ORD AUD NPV</name>
        <lei>529900X2VMAQT2PE0V24</lei>
        <title>RIO TINTO LTD ORD AUD NPV</title>
        <cusip>Q81437107</cusip>
        <identifiers>
          <ticker value="RIO"/>
          <other otherDesc="Internal Identifier" value="21881"/>
        </identifiers>
        <balance>43317.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.52741710"/>
        <valUSD>2441395.53000000</valUSD>
        <pctVal>0.971122379535</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEKISUI HOUSE LTD ORD JPY NPV</name>
        <lei>529900GMNDOYQSAJAE76</lei>
        <title>SEKISUI HOUSE LTD ORD JPY NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3420600003"/>
          <other otherDesc="Internal Identifier" value="18067"/>
        </identifiers>
        <balance>126700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="106.61500000"/>
        <valUSD>2193803.98000000</valUSD>
        <pctVal>0.872637028745</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>AUTO TRADER GROUP PLC ORD GBP.01 </name>
        <lei>213800QLK9BZILB1DI86</lei>
        <title>AUTO TRADER GROUP PLC ORD GBP.01 </title>
        <cusip>G06708104</cusip>
        <identifiers>
          <ticker value="AUTO"/>
          <other otherDesc="Internal Identifier" value="616044"/>
        </identifiers>
        <balance>126116.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80263260"/>
        <valUSD>728584.37000000</valUSD>
        <pctVal>0.289811535407</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>NTT DOCOMO INC ORD JPY NPV</name>
        <lei>353800TVPXCGWDZIIU09</lei>
        <title>NTT DOCOMO INC ORD JPY NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3165650007"/>
          <other otherDesc="Internal Identifier" value="57600"/>
        </identifiers>
        <balance>235200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="106.61500000"/>
        <valUSD>6898118.97000000</valUSD>
        <pctVal>2.743888741561</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>
    </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>2020-05-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Robert Kubilis</ncom:nameOfApplicant>
      <ncom:signature>Robert Kubilis</ncom:signature>
      <ncom:signerName>Robert Kubilis</ncom:signerName>
      <ncom:title>Chief Financial Officer, Chief Accounting Officer and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
