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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tanseisha Co Ltd</name>
        <lei>N/A</lei>
        <title>Tanseisha Co Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3472200009"/>
          <ticker value="9743"/>
          <other otherDesc="SEDOL" value="6871932"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RWE AG</name>
        <lei>529900GB7KCA94ACC940</lei>
        <title>RWE AG NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE0007037129"/>
          <ticker value="RWE"/>
          <other otherDesc="SEDOL" value="4768962"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Unilever PLC</name>
        <lei>549300MKFYEKVRWML317</lei>
        <title>Unilever PLC ORD GBP0.035</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BVZK7T90"/>
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          <other otherDesc="SEDOL" value="BTMR1D1"/>
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        <balance>6918.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Press Kogyo Co Ltd.</name>
        <lei>353800Z8ABLQL0MHSA16</lei>
        <title>Press Kogyo Co Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3833600004"/>
          <ticker value="7246"/>
          <other otherDesc="SEDOL" value="6701006"/>
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        <balance>4500.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Landis &amp; Gyr Group AG</name>
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        <title>Landis &amp; Gyr Group AG CHF10 (REGD)</title>
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        <identifiers>
          <isin value="CH0371153492"/>
          <ticker value="LAND"/>
          <other otherDesc="SEDOL" value="BF41XY8"/>
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        <balance>2314.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.79960000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Unicaja Banco, S.A.U.</name>
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        <title>Unicaja Banco, S.A.U. EUR0.25</title>
        <cusip>000000000</cusip>
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          <isin value="ES0180907000"/>
          <ticker value="UNI"/>
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        <balance>49094.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LANCASHIRE HOLDINGS LTD</name>
        <lei>5493002UNUYXLHOWF752</lei>
        <title>Lancashire Holdings Limited COM SHS USD0.50</title>
        <cusip>000000000</cusip>
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          <isin value="BMG5361W1047"/>
          <ticker value="LRE"/>
          <other otherDesc="SEDOL" value="B0PYHC7"/>
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        <balance>2860.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Airbus SE</name>
        <lei>MINO79WLOO247M1IL051</lei>
        <title>Airbus SE EUR1</title>
        <cusip>000000000</cusip>
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          <isin value="NL0000235190"/>
          <ticker value="AIR"/>
          <other otherDesc="SEDOL" value="4012250"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NIPPON SHINYAKU CO LTD</name>
        <lei>N/A</lei>
        <title>Nippon Shinyaku Co NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3717600005"/>
          <ticker value="4516"/>
          <other otherDesc="SEDOL" value="6640563"/>
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        <balance>1400.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BASF SE</name>
        <lei>529900PM64WH8AF1E917</lei>
        <title>BASF SE NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE000BASF111"/>
          <ticker value="BAS"/>
          <other otherDesc="SEDOL" value="5086577"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nordea Bank ABP</name>
        <lei>529900ODI3047E2LIV03</lei>
        <title>Nordea Bank ABP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="FI4000297767"/>
          <ticker value="NDA"/>
          <other otherDesc="SEDOL" value="BFM0SV9"/>
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        <balance>63783.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Northern Star Resources Ltd.</name>
        <lei>254900XFXCRYYZAX6M78</lei>
        <title>Northern Star Resources Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000NST8"/>
          <ticker value="NST"/>
          <other otherDesc="SEDOL" value="6717456"/>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Telekom Austria AG</name>
        <lei>529900KCNFQU5OJH7L33</lei>
        <title>Telekom Austria AG NPV(BR)</title>
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          <isin value="AT0000720008"/>
          <ticker value="TKA"/>
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        <assetCat>EC</assetCat>
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        <invCountry>AT</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hokkaido Gas Co Ltd</name>
        <lei>N/A</lei>
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          <isin value="JP3847000001"/>
          <ticker value="9534"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Vestas Wind Systems AS</name>
        <lei>549300DYMC8BGZZC8844</lei>
        <title>Vestas Wind Systems AS DKK0.20</title>
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          <isin value="DK0061539921"/>
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          <other otherDesc="SEDOL" value="BN4MYF5"/>
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        <invCountry>DK</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Naturgy Energy Group SA</name>
        <lei>TL2N6M87CW970S5SV098</lei>
        <title>Naturgy Energy Group SA EUR1</title>
        <cusip>000000000</cusip>
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          <isin value="ES0116870314"/>
          <ticker value="NTGY"/>
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        <invCountry>ES</invCountry>
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      <invstOrSec>
        <name>DAH Sing Banking G</name>
        <lei>529900DXBMKJOLLQOM66</lei>
        <title>DAH Sing Banking G NPV</title>
        <cusip>000000000</cusip>
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          <isin value="HK2356013600"/>
          <ticker value="2356"/>
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        <invCountry>HK</invCountry>
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      <invstOrSec>
        <name>ACOM COMPANY LTD</name>
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          <isin value="JP3108600002"/>
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      <invstOrSec>
        <name>Air Liquide S.A.(L')</name>
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        <title>Air Liquide S.A.(L') EUR5.50</title>
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        <invCountry>FR</invCountry>
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        <name>Prysmian S.p.A.</name>
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        <invCountry>IT</invCountry>
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      <invstOrSec>
        <name>Eisai Co Ltd.</name>
        <lei>353800HDEE0ZYEX4QV91</lei>
        <title>Eisai Co Ltd. NPV</title>
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          <isin value="JP3160400002"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAP SE</name>
        <lei>529900D6BF99LW9R2E68</lei>
        <title>SAP SE ORD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0007164600"/>
          <ticker value="SAP"/>
          <other otherDesc="SEDOL" value="4846288"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Seikitokyu Kogyo Co Ltd</name>
        <lei>N/A</lei>
        <title>Seikitokyu Kogyo Co Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3414600001"/>
          <ticker value="1898"/>
          <other otherDesc="SEDOL" value="6793359"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Investor AB</name>
        <lei>549300VEBQPHRZBKUX38</lei>
        <title>Investor AB SER'A'NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0015811955"/>
          <ticker value="INVEA"/>
          <other otherDesc="SEDOL" value="BMV7PN1"/>
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        <balance>17445.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sumitomo Mitsui Financial Group Inc.</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>Sumitomo Mitsui Financial Group Inc. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3890350006"/>
          <ticker value="8316"/>
          <other otherDesc="SEDOL" value="6563024"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kao Corp.</name>
        <lei>353800HM38HFCB8RGL63</lei>
        <title>Kao Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3205800000"/>
          <ticker value="4452"/>
          <other otherDesc="SEDOL" value="6483809"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>YOKOHAMA FINANCIAL GROUP INC</name>
        <lei>N/A</lei>
        <title>Yokohama Financial Group Inc. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3305990008"/>
          <ticker value="7186"/>
          <other otherDesc="SEDOL" value="BD97JW7"/>
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        <balance>38700.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BHP Group Ltd.</name>
        <lei>WZE1WSENV6JSZFK0JC28</lei>
        <title>BHP Group Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000BHP4"/>
          <ticker value="BHP"/>
          <other otherDesc="SEDOL" value="6144690"/>
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        <currencyConditional curCd="AUD" exchangeRt="1.44938000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kongsberg Gruppen ASA</name>
        <lei>5967007LIEEXZXJ9HK73</lei>
        <title>Kongsberg Gruppen ASA NOK0.25</title>
        <cusip>000000000</cusip>
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          <isin value="NO0013536151"/>
          <ticker value="KOG"/>
          <other otherDesc="SEDOL" value="BSTRB82"/>
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        <balance>11239.00000000</balance>
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        <currencyConditional curCd="NOK" exchangeRt="9.68290000"/>
        <valUSD>479081.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SBM Offshore NV</name>
        <lei>549300RDGCRYZ5QE6513</lei>
        <title>SBM Offshore NV EUR0.25</title>
        <cusip>000000000</cusip>
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          <isin value="NL0000360618"/>
          <ticker value="SBMO"/>
          <other otherDesc="SEDOL" value="B156T57"/>
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        <balance>1610.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HIRAKAWA HEWTECH CORP</name>
        <lei>N/A</lei>
        <title>Hirakawa Hewtech Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3795080005"/>
          <ticker value="5821"/>
          <other otherDesc="SEDOL" value="B1272V0"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Finecobank Banca Fineco S.p.A.</name>
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        <title>Finecobank Banca Fineco S.p.A. EUR0.33</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0000072170"/>
          <ticker value="FBK"/>
          <other otherDesc="SEDOL" value="BNGN9Z1"/>
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        <balance>15282.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86516350"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Rusta AB (Publ)</name>
        <lei>549300V512S3QMRNO618</lei>
        <title>Rusta AB (Publ) NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0020848356"/>
          <ticker value="RUSTA"/>
          <other otherDesc="SEDOL" value="BS85S97"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Intertek Group PLC</name>
        <lei>2138003GAT25WW1RN369</lei>
        <title>Intertek Group PLC ORD GBP0.01</title>
        <cusip>000000000</cusip>
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          <isin value="GB0031638363"/>
          <ticker value="ITRK"/>
          <other otherDesc="SEDOL" value="3163836"/>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SGS SA</name>
        <lei>2138007JNS19JHNA2336</lei>
        <title>SGS SA CHF0.04 (REGD)</title>
        <cusip>000000000</cusip>
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          <isin value="CH1256740924"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nexans SA</name>
        <lei>96950015FU78G84UIV14</lei>
        <title>Nexans SA EUR1</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000044448"/>
          <ticker value="NEX"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NESTLE' CAPITAL MARKETS SA</name>
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        <title>Nestle SA CHF0.10 (REGD)</title>
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          <isin value="CH0038863350"/>
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        <invCountry>CH</invCountry>
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      <invstOrSec>
        <name>GSK plc</name>
        <lei>5493000HZTVUYLO1D793</lei>
        <title>GSK plc SPONSORED ADR</title>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CHUBU SHIRYO CO LTD</name>
        <lei>N/A</lei>
        <title>Chubu Shiryo Co NPV</title>
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          <isin value="JP3525400002"/>
          <ticker value="2053"/>
          <other otherDesc="SEDOL" value="6195665"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Compagnie Financiere Richemont Sa</name>
        <lei>549300YIPGJ6UX2QPS51</lei>
        <title>Compagnie Financiere Richemont Sa CHF1 (REGD)</title>
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          <isin value="CH0210483332"/>
          <ticker value="CFR"/>
          <other otherDesc="SEDOL" value="BCRWZ18"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TBC Bank Group PLC</name>
        <lei>213800T6NS9N2WQ3B328</lei>
        <title>TBC Bank Group PLC ORD GBP0.01</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BYT18307"/>
          <ticker value="TBCG"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Futaba Industrial Co Ltd</name>
        <lei>N/A</lei>
        <title>Futaba Industrial Co Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3824000008"/>
          <ticker value="7241"/>
          <other otherDesc="SEDOL" value="6357744"/>
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        <balance>8400.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ICE FUTURES EUROPE</name>
        <lei>549300UF4R84F48NCH34</lei>
        <title>FTSE 100 - Stnd Index Future - ICEU, Jun26</title>
        <cusip>000000000</cusip>
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          <ticker value="Z FMM0026!"/>
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        <name>NatWest Group PLC</name>
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          <isin value="GB00BM8PJY71"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HOYA Corp.</name>
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        <title>HOYA Corp. NPV</title>
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          <isin value="JP3837800006"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mitsui Fudosan Co Ltd.</name>
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        <title>Mitsui Fudosan Co Ltd. NPV</title>
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          <isin value="JP3893200000"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nemetschek SE</name>
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          <isin value="DE0006452907"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Alcon AG</name>
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        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Beazley PLC (UK)</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Brother Industries Ltd</name>
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        <title>Brother Industries Ltd NPV</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hitachi Ltd.</name>
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        <title>Hitachi Ltd. NPV</title>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Matsui Construction Co Ltd</name>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Swire Properties Ltd.</name>
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        <title>Swire Properties Ltd. HKD1</title>
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        <invCountry>HK</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Anglo American PLC</name>
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          <isin value="GB00BTK05J60"/>
          <ticker value="AAL"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>TDK Corp.</name>
        <lei>3538005O8WNU39U8NX03</lei>
        <title>TDK Corp. NPV</title>
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          <isin value="JP3538800008"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Dassault Aviation SA</name>
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        <invCountry>FR</invCountry>
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        <name>Rheinmetall AG</name>
        <lei>5299001OU9CSE29O6S05</lei>
        <title>Rheinmetall AG NPV</title>
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        <invCountry>DE</invCountry>
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        <name>Viridien SA</name>
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        <invCountry>FR</invCountry>
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        <name>National Australia Bank Ltd.</name>
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        <name>OSAKA EXCHANGE,INC</name>
        <lei>3538001249AILNPRUX57</lei>
        <title>TOPIX TRADE FUTURE, JUN 2026</title>
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        <name>Orkla ASA</name>
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        <title>Orkla ASA NOK1.25</title>
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        <name>Space Co Ltd</name>
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        <title>Space Co Ltd NPV</title>
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        <name>NEC Corp.</name>
        <lei>5493000QYMPFRTEY4K28</lei>
        <title>NEC Corp. NPV</title>
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          <isin value="JP3733000008"/>
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        <invCountry>JP</invCountry>
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        <name>National Grid PLC</name>
        <lei>8R95QZMKZLJX5Q2XR704</lei>
        <title>National Grid PLC ORD GBP0.12431289</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>Forfarmers Nv</name>
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      <invstOrSec>
        <name>Strabag SE</name>
        <lei>529900TYYSRJH2VJSP60</lei>
        <title>Strabag SE NPV (BR)</title>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Hitachi Construction Machinery Co Ltd.</name>
        <lei>5493009B7C53PDH8W826</lei>
        <title>Hitachi Construction Machinery Co Ltd. NPV</title>
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          <isin value="JP3787000003"/>
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      <invstOrSec>
        <name>EssilorLuxottica SA</name>
        <lei>549300M3VH1A3ER1TB49</lei>
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      <invstOrSec>
        <name>ANZ Group Holdings Ltd.</name>
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        <title>ANZ Group Holdings Ltd. NPV</title>
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          <isin value="AU000000ANZ3"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Evolution Mining Ltd.</name>
        <lei>254900BCFW5QO5LW8F27</lei>
        <title>Evolution Mining Ltd. NPV</title>
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          <isin value="AU000000EVN4"/>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHUGIN FINANCIAL GROUP INC</name>
        <lei>N/A</lei>
        <title>Chugin Financial Group Inc. NPV</title>
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          <isin value="JP3520700000"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Codan Ltd.</name>
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        <title>Codan Ltd. NPV</title>
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          <isin value="AU000000CDA3"/>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Capricorn Metals Ltd</name>
        <lei>529900CRG304NUYMOV23</lei>
        <title>Capricorn Metals Ltd NPV</title>
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          <isin value="AU000000CMM9"/>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ringkjoebing Landbobank A/S</name>
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        <title>Ringkjoebing Landbobank A/S DKK1</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FIRST BANK OF TOYAMA LTD (THE)</name>
        <lei>98450054D3B87A37C666</lei>
        <title>The First Bank Of Toyama Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3632150003"/>
          <ticker value="7184"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Telefonaktiebolaget LM Ericsson (publ)</name>
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        <title>Telefonaktiebolaget LM Ericsson (publ) SER'B'NPV</title>
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        <invCountry>SE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mitsubishi Electric Corp.</name>
        <lei>549300TRXM9Y6561AX39</lei>
        <title>Mitsubishi Electric Corp. NPV</title>
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          <isin value="JP3902400005"/>
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      <invstOrSec>
        <name>BAE Systems PLC</name>
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        <title>BAE Systems PLC ORD GBP0.025</title>
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        <name>Fanuc Corp.</name>
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        <title>Fanuc Corp. NPV</title>
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        <name>Lonza Group AG</name>
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        <name>Wilh. Wilhelmsen Holding ASA</name>
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        <name>Shell PLC</name>
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        <invCountry>GB</invCountry>
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        <name>Repsol SA</name>
        <lei>BSYCX13Y0NOTV14V9N85</lei>
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        <name>Novartis AG</name>
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        <title>Novartis AG CHF0.49 (REGD)</title>
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        <invCountry>CH</invCountry>
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        <name>Jeronimo Martins - S.G.P.S., S.A.</name>
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        <invCountry>PT</invCountry>
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        <name>HONGKONG LAND HOLDINGS LTD</name>
        <lei>213800XCHYNRPAYGXW28</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Byggmax Group Ab</name>
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          <isin value="SE0003303627"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Allianz SE</name>
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          <isin value="DE0008404005"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SHINDENGEN ELECTRIC MANUFACTURING CO LTD</name>
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          <isin value="JP3377800002"/>
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      <invstOrSec>
        <name>Astellas Pharma Inc.</name>
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        <title>Astellas Pharma Inc. NPV</title>
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          <isin value="JP3942400007"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Deutsche Telekom AG</name>
        <lei>549300V9QSIG4WX4GJ96</lei>
        <title>Deutsche Telekom AG NPV(REGD)</title>
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          <isin value="DE0005557508"/>
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        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Macquarie Group Ltd.</name>
        <lei>ACMHD8HWFMFUIQQ8Y590</lei>
        <title>Macquarie Group Ltd. NPV</title>
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          <isin value="AU000000MQG1"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Murata Manufacturing Co Ltd.</name>
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        <title>Murata Manufacturing Co Ltd. NPV</title>
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          <isin value="JP3914400001"/>
          <ticker value="6981"/>
          <other otherDesc="SEDOL" value="6610403"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Leonardo S.p.A.</name>
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        <title>Leonardo S.p.A. NPV</title>
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          <isin value="IT0003856405"/>
          <ticker value="LDO"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IT</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nissan Chemical Corp.</name>
        <lei>3538002E4L1CUGJFFU25</lei>
        <title>Nissan Chemical Corp. NPV</title>
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          <isin value="JP3670800006"/>
          <ticker value="4021"/>
          <other otherDesc="SEDOL" value="6641588"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Sanofi SA</name>
        <lei>549300E9PC51EN656011</lei>
        <title>Sanofi SA EUR2</title>
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          <isin value="FR0000120578"/>
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          <other otherDesc="SEDOL" value="5671735"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Singapore Technologies Engineering Ltd.</name>
        <lei>254900OEXGGWCR24DG90</lei>
        <title>Singapore Technologies Engineering Ltd. NPV</title>
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          <isin value="SG1F60858221"/>
          <ticker value="STE"/>
          <other otherDesc="SEDOL" value="6043214"/>
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        <currencyConditional curCd="SGD" exchangeRt="1.28570000"/>
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        <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>Merck KGaA</name>
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        <title>Merck KGaA NPV</title>
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        <identifiers>
          <isin value="DE0006599905"/>
          <ticker value="MRK"/>
          <other otherDesc="SEDOL" value="4741844"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.86516350"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mitsubishi Corp.</name>
        <lei>KVIPTY4PULAPGC1VVD26</lei>
        <title>Mitsubishi Corp. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3898400001"/>
          <ticker value="8058"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HASEKO Corp.</name>
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        <title>HASEKO Corp. NPV</title>
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          <isin value="JP3768600003"/>
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        <invCountry>JP</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Atlas Copco AB</name>
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        <name>Henkel AG &amp; Co. KGaA</name>
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        <assetCat>EP</assetCat>
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        <invCountry>DE</invCountry>
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        <name>Reckitt Benckiser Group PLC</name>
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        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>Merlin Properties Socimi SA</name>
        <lei>959800L8KD863DP30X04</lei>
        <title>Merlin Properties Socimi SA EUR1</title>
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        <assetCat>EC</assetCat>
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        <invCountry>ES</invCountry>
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      <invstOrSec>
        <name>Var Energi ASA</name>
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        <assetCat>EC</assetCat>
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        <invCountry>NO</invCountry>
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      <invstOrSec>
        <name>Aumovio SE</name>
        <lei>391200IGI9RQ7VTOK384</lei>
        <title>Aumovio SE NPV</title>
        <cusip>000000000</cusip>
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          <other otherDesc="SEDOL" value="BMYPLM3"/>
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        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KAJIMA CORP</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Daiichi Sankyo Co Ltd.</name>
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        <cusip>000000000</cusip>
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          <isin value="JP3475350009"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Elbit Systems Ltd</name>
        <lei>529900Q9CB1REUMZSS32</lei>
        <title>Elbit Systems Ltd ILS1</title>
        <cusip>000000000</cusip>
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          <isin value="IL0010811243"/>
          <ticker value="ESLT"/>
          <other otherDesc="SEDOL" value="6308913"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TotalEnergies SE</name>
        <lei>529900S21EQ1BO4ESM68</lei>
        <title>TotalEnergies SE EUR2.5</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000120271"/>
          <ticker value="TTE"/>
          <other otherDesc="SEDOL" value="B15C557"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Westpac Banking Corp.</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
        <title>Westpac Banking Corp. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000WBC1"/>
          <ticker value="WBC"/>
          <other otherDesc="SEDOL" value="6076146"/>
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        <balance>37844.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chiba Bank Ltd.</name>
        <lei>FGJPAKKCTZVSKZXNBS63</lei>
        <title>Chiba Bank Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3511800009"/>
          <ticker value="8331"/>
          <other otherDesc="SEDOL" value="6190563"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commonwealth Bank of Australia</name>
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        <title>Commonwealth Bank of Australia ORD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000CBA7"/>
          <ticker value="CBA"/>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Deutsche Bank AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>Deutsche Bank AG ORD NPV(REGD)</title>
        <cusip>000000000</cusip>
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          <isin value="DE0005140008"/>
          <ticker value="DBK"/>
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        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Yamae Group Holdings Co Ltd</name>
        <lei>N/A</lei>
        <title>Yamae Group Holdings Co Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3934350004"/>
          <ticker value="7130"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Goldman Sachs Trust</name>
        <lei>S2FHCT8U6D2VORP0J605</lei>
        <title>Goldman Sachs Financial Square Government Fund</title>
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          <isin value="US38141W2733"/>
          <ticker value="FGTXX"/>
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        <curCd>USD</curCd>
        <valUSD>543070.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Koninklijke Ahold Delhaize NV</name>
        <lei>724500C9GNBV20UYRX36</lei>
        <title>Koninklijke Ahold Delhaize NV EUR0.01</title>
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          <isin value="NL0011794037"/>
          <ticker value="AD"/>
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        <assetCat>EC</assetCat>
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        <invCountry>NL</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Keller Group PLC</name>
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        <title>Keller Group PLC ORD GBP0.10</title>
        <cusip>000000000</cusip>
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          <ticker value="KLR"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Zurich Insurance Group AG</name>
        <lei>529900QVNRBND50TXP03</lei>
        <title>Zurich Insurance Group AG CHF0.10</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FUKUOKA FINANCIAL GROUP INC</name>
        <lei>N/A</lei>
        <title>Fukuoka Financial Group Inc. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3805010000"/>
          <ticker value="8354"/>
          <other otherDesc="SEDOL" value="B1TK1Y8"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tele2 AB (publ)</name>
        <lei>213800EKD193RVI9HL76</lei>
        <title>Tele2 AB (publ) SER'B'NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0005190238"/>
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        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
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      <invstOrSec>
        <name>Softbank Group Corp.</name>
        <lei>5493003BZYYYCDIO0R13</lei>
        <title>Softbank Group Corp. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3436100006"/>
          <ticker value="9984"/>
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        <invCountry>JP</invCountry>
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        <name>Sartorius AG</name>
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        <title>Sartorius AG NON VTG PFD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE0007165631"/>
          <ticker value="SRT3"/>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Capgemini SE</name>
        <lei>96950077L0TN7BAROX36</lei>
        <title>Capgemini SE EUR8</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000125338"/>
          <ticker value="CAP"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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      <invstOrSec>
        <name>Aedifica SA</name>
        <lei>529900DTKNXL0AXQFN28</lei>
        <title>Aedifica SA NPV</title>
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          <isin value="BE0003851681"/>
          <ticker value="AED"/>
          <other otherDesc="SEDOL" value="B1G5XP1"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
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      <invstOrSec>
        <name>AGC Inc.</name>
        <lei>JE4WFFEELMVPFZ0G1E77</lei>
        <title>AGC Inc. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3112000009"/>
          <ticker value="5201"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>PZ Cussons PLC</name>
        <lei>XB3CXKKKED7OMV80FY35</lei>
        <title>PZ Cussons PLC ORD GBP0.01</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <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.</name>
        <lei>35380016EMHNBOVYE123</lei>
        <title>ORIX Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3200450009"/>
          <ticker value="8591"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Etablissements Maurel &amp; Prom S.A.</name>
        <lei>969500ZTYI9C1C594X25</lei>
        <title>Etablissements Maurel &amp; Prom S.A. EUR0.77</title>
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        <name>Valeo SE</name>
        <lei>5493006IH2N2WMIBB742</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SpareBank 1 SMN</name>
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        <title>SpareBank 1 SMN NOK20 GRUNNFONDSBEVIS</title>
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          <isin value="NO0006390301"/>
          <ticker value="MING"/>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Rio Tinto PLC</name>
        <lei>213800YOEO5OQ72G2R82</lei>
        <title>Rio Tinto PLC SPONSORED ADR</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Siemens Energy AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ASX CLEARING CORPORATION LIMITED</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Komatsu Matere Co Ltd</name>
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        <name>Advantest Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sumitomo Pharma Co Ltd.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>2</fairValLevel>
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        <name>TOSHO COMPANY LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Tenaris SA</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PureTech Health PLC</name>
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        <name>Minebea Mitsumi Inc.</name>
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        <title>Minebea Mitsumi Inc. NPV</title>
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        <name>NGK Insulators Ltd</name>
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        <title>Ngk Corp. NPV</title>
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        <name>UBS Group AG</name>
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        <name>Lloyds Banking Group PLC</name>
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        <name>Trelleborg AB</name>
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        <name>Tower Ltd</name>
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        <title>Tower Ltd NPV</title>
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        <name>Ricoh Co Ltd.</name>
        <lei>549300HFIB2GRUMDID72</lei>
        <title>Ricoh Co Ltd. NPV</title>
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        <name>Henkel AG &amp; Co. KGaA</name>
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        <name>Hachijuni Nagano Bank Ltd.</name>
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        <name>Safran SA</name>
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      <invstOrSec>
        <name>CHOFU SEISAKUSHO CO LTD</name>
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      <invstOrSec>
        <name>BAWAG Group AG</name>
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      <invstOrSec>
        <name>SUZUKI COMPANY LTD</name>
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        <title>Suzuki Co Ltd NPV</title>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Gunma Bank Ltd</name>
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        <title>Gunma Bank Ltd NPV</title>
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          <isin value="JP3276400003"/>
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        <invCountry>JP</invCountry>
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        <name>NSK Ltd</name>
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        <title>NSK Ltd NPV</title>
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        <fairValLevel>2</fairValLevel>
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        <name>EUREX CLEARING AKTIENGESELLSCHAFT</name>
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      <invstOrSec>
        <name>Mitsui Kinzoku Co Ltd.</name>
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        <name>Regis Resources Ltd.</name>
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        <title>Regis Resources Ltd. NPV</title>
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        <name>TOKYU FUDOSAN HOLDINGS CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>InterContinental Hotels Group PLC</name>
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        <name>FISHER &amp; PAYKEL HEALTHCARE CORP LTD</name>
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        <name>Obayashi Corp.</name>
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        <name>INABA SEISAKUSHO CO LTD</name>
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        <name>Taisei Corp.</name>
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        <name>DAH Sing Financial</name>
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        <name>Tesco PLC</name>
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        <name>Svenska Handelsbanken AB</name>
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        <title>Svenska Handelsbanken AB SER'A'NPV</title>
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        <name>Boliden AB</name>
        <lei>21380059QU7IM1ONDJ56</lei>
        <title>Boliden AB NPV</title>
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      <invstOrSec>
        <name>Shimizu Corp.</name>
        <lei>353800BRAE0QFP3ZLY22</lei>
        <title>Shimizu Corp. NPV</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HONG KONG FUTURES EXCHANGE LTD.</name>
        <lei>N/A</lei>
        <title>HANG SENG INDEX FUTURES, APR-2026</title>
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        <identifiers>
          <ticker value="HSIJ6"/>
          <other otherDesc="FIGI" value="BBG01ZBL5MZ0"/>
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        <balance>1.00000000</balance>
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        <pctVal>-0.00069006031</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>HONG KONG FUTURES EXCHANGE LTD.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>HONG KONG STOCK EXCHANGE</issuerName>
                <issueTitle>HANG SENG INDEX</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-04-29</expDate>
            <notionalAmt>158722.65000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-870.54000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tokyo Century Corp.</name>
        <lei>35380096ZLHOF84DXR74</lei>
        <title>Tokyo Century Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3424950008"/>
          <ticker value="8439"/>
          <other otherDesc="SEDOL" value="6679794"/>
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        <balance>8400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
        <valUSD>108733.43000000</valUSD>
        <pctVal>0.086190899283</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASML Holding N.V.</name>
        <lei>724500Y6DUVHQD6OXN27</lei>
        <title>ASML Holding N.V. EUR0.09</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0010273215"/>
          <ticker value="ASML"/>
          <other otherDesc="SEDOL" value="B929F46"/>
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        <balance>2305.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86516350"/>
        <valUSD>3065091.43000000</valUSD>
        <pctVal>2.429639042357</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cellnex Telecom S.A.U</name>
        <lei>5493008T4YG3AQUI7P67</lei>
        <title>Cellnex Telecom S.A.U EUR0.25</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0105066007"/>
          <ticker value="CLNX"/>
          <other otherDesc="SEDOL" value="BX90C05"/>
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        <balance>9555.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86516350"/>
        <valUSD>307238.72000000</valUSD>
        <pctVal>0.243542225895</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wolters Kluwer NV</name>
        <lei>724500TEM53I0U077B74</lei>
        <title>Wolters Kluwer NV EUR0.12</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0000395903"/>
          <ticker value="WKL"/>
          <other otherDesc="SEDOL" value="5671519"/>
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        <balance>835.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86516350"/>
        <valUSD>62364.74000000</valUSD>
        <pctVal>0.049435330276</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SGL Carbon SE</name>
        <lei>52990038IB31TYK07X63</lei>
        <title>SGL Carbon SE NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0007235301"/>
          <ticker value="SGL"/>
          <other otherDesc="SEDOL" value="4818351"/>
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        <balance>17097.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86516350"/>
        <valUSD>66258.39000000</valUSD>
        <pctVal>0.052521751766</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Scout24 SE</name>
        <lei>5493007EIKM2ENQS7U66</lei>
        <title>Scout24 SE NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000A12DM80"/>
          <ticker value="G24"/>
          <other otherDesc="SEDOL" value="BYT9340"/>
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        <balance>3006.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86516350"/>
        <valUSD>231938.22000000</valUSD>
        <pctVal>0.183852967389</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DSV A/S</name>
        <lei>529900X41C0BSLK67H70</lei>
        <title>DSV A/S DKK1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DK0060079531"/>
          <ticker value="DSV"/>
          <other otherDesc="SEDOL" value="B1WT5G2"/>
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        <balance>554.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.46520000"/>
        <valUSD>133795.58000000</valUSD>
        <pctVal>0.106057183704</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Knorr-Bremse AG</name>
        <lei>5299001GRRO0Z25YZT52</lei>
        <title>Knorr-Bremse AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000KBX1006"/>
          <ticker value="KBX"/>
          <other otherDesc="SEDOL" value="BD2P9X9"/>
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        <balance>3274.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86516350"/>
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        <pctVal>0.296510669131</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SINGAPORE EXCHANGE LIMITED</name>
        <lei>549300IQ650PPXM76X03</lei>
        <title>MSCI Singapore Index Futures, April 2026</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="SGPJ26"/>
          <other otherDesc="FIGI" value="BBG01ZT5XC96"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="SGD" exchangeRt="1.28570000"/>
        <valUSD>199.70000000</valUSD>
        <pctVal>0.000158298350</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>SINGAPORE EXCHANGE LIMITED</counterpartyName>
              <counterpartyLei>549300IQ650PPXM76X03</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>MSCI</issuerName>
                <issueTitle>MSCI SINGAPORE INDEX</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
                  <ticker value="SIMSCI"/>
                  <other otherDesc="INTERNAL" value="SIMSCI_INDEX_SG"/>
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            <expDate>2026-04-30</expDate>
            <notionalAmt>33758.46000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>199.70000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Legrand SA</name>
        <lei>969500XXRPGD7HCAFA90</lei>
        <title>Legrand SA EUR4</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0010307819"/>
          <ticker value="LR"/>
          <other otherDesc="SEDOL" value="B11ZRK9"/>
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        <balance>2415.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86516350"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Smiths Group PLC</name>
        <lei>213800MJL6IPZS3ASA11</lei>
        <title>Smiths Group PLC ORD GBP0.375</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B1WY2338"/>
          <ticker value="SMIN"/>
          <other otherDesc="SEDOL" value="B1WY233"/>
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        <balance>1675.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75551500"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Marudai Food Company Limited</name>
        <lei>353800LHI69F4PWPX646</lei>
        <title>Marudai Food Company Limited NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3876400007"/>
          <ticker value="2288"/>
          <other otherDesc="SEDOL" value="6569442"/>
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        <balance>5600.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FUJIFILM Holdings Corp.</name>
        <lei>529900UBKMFM0ST6H474</lei>
        <title>FUJIFILM Holdings Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3814000000"/>
          <ticker value="4901"/>
          <other otherDesc="SEDOL" value="6356525"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Imperial Brands PLC</name>
        <lei>549300DFVPOB67JL3A42</lei>
        <title>Imperial Brands PLC GBP0.10</title>
        <cusip>000000000</cusip>
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          <isin value="GB0004544929"/>
          <ticker value="IMB"/>
          <other otherDesc="SEDOL" value="0454492"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Endeavour Mining PLC</name>
        <lei>529900NI5MXQ91GHXR07</lei>
        <title>Endeavour Mining PLC ORD USD0.01</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BL6K5J42"/>
          <ticker value="EDV"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AstraZeneca PLC</name>
        <lei>PY6ZZQWO2IZFZC3IOL08</lei>
        <title>AstraZeneca PLC ORD USD0.25</title>
        <cusip>000000000</cusip>
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          <isin value="GB0009895292"/>
          <ticker value="AZN"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Thales SA</name>
        <lei>529900FNDVTQJOVVPZ19</lei>
        <title>Thales SA EUR3</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000121329"/>
          <ticker value="HO"/>
          <other otherDesc="SEDOL" value="4162791"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Daito Trust Construction Co Ltd.</name>
        <lei>353800QQ4DRI3KXS3038</lei>
        <title>Daito Trust Construction Co Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3486800000"/>
          <ticker value="1878"/>
          <other otherDesc="SEDOL" value="6250508"/>
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        <balance>5300.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Epiroc AB</name>
        <lei>5493004Q73OEYW1SPE91</lei>
        <title>Epiroc AB SER'B'NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0015658117"/>
          <ticker value="EPIB"/>
          <other otherDesc="SEDOL" value="BMD58W3"/>
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        <balance>22472.00000000</balance>
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        <currencyConditional curCd="SEK" exchangeRt="9.46665000"/>
        <valUSD>481385.43000000</valUSD>
        <pctVal>0.381584974497</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tokyo Gas Co Ltd</name>
        <lei>353800678EIJLOQSWZ83</lei>
        <title>Tokyo Gas Co Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3573000001"/>
          <ticker value="9531"/>
          <other otherDesc="SEDOL" value="6895448"/>
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        <balance>7700.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hapag-Lloyd AG</name>
        <lei>HD52L5PJVBXJUUX8I539</lei>
        <title>Hapag-Lloyd AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000HLAG475"/>
          <ticker value="HLAG"/>
          <other otherDesc="SEDOL" value="BYZTSW7"/>
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        <balance>238.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86516350"/>
        <valUSD>33708.89000000</valUSD>
        <pctVal>0.026720388963</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Oversea-Chinese Banking Corp Ltd.</name>
        <lei>5493007O3QFXCPOGWK22</lei>
        <title>Oversea-Chinese Banking Corp Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1S04926220"/>
          <ticker value="OCBC"/>
          <other otherDesc="SEDOL" value="B0F9V20"/>
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        <balance>2100.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.28570000"/>
        <valUSD>35968.30000000</valUSD>
        <pctVal>0.028511379827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Roche Holding AG</name>
        <lei>549300U41AUUVOAAOB37</lei>
        <title>Roche Holding AG CHF0.001</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH1499059983"/>
          <ticker value="ROP"/>
          <other otherDesc="SEDOL" value="BTMJD19"/>
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        <balance>2032.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.79960000"/>
        <valUSD>810952.59000000</valUSD>
        <pctVal>0.642826525460</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Renesas Electronics Corp.</name>
        <lei>5299000EPC47VJQOFB81</lei>
        <title>Renesas Electronics Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3164720009"/>
          <ticker value="6723"/>
          <other otherDesc="SEDOL" value="6635677"/>
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        <balance>24100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Carnival PLC</name>
        <lei>4DR1VPDQMHD3N3QW8W95</lei>
        <title>Carnival PLC ADS</title>
        <cusip>14365C103</cusip>
        <identifiers>
          <isin value="US14365C1036"/>
          <ticker value="CUK"/>
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        <balance>3564.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>91844.28000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sompo Holdings Inc.</name>
        <lei>353800CWW4SRGEYEB512</lei>
        <title>Sompo Holdings Inc. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3165000005"/>
          <ticker value="8630"/>
          <other otherDesc="SEDOL" value="B62G7K6"/>
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        <balance>27000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Zaptec ASA</name>
        <lei>549300Y5EDWTJNTS8P96</lei>
        <title>Zaptec ASA NOK0.015</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0010713936"/>
          <ticker value="ZAP"/>
          <other otherDesc="SEDOL" value="BMH4WM4"/>
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        <balance>7683.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.68290000"/>
        <valUSD>22754.30000000</valUSD>
        <pctVal>0.018036896100</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ABB Ltd.</name>
        <lei>5493000LKVGOO9PELI61</lei>
        <title>ABB Ltd. CHF0.12 (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0012221716"/>
          <ticker value="ABBN"/>
          <other otherDesc="SEDOL" value="7108899"/>
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        <balance>22826.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.79960000"/>
        <valUSD>1855935.64000000</valUSD>
        <pctVal>1.471164496730</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fuji Electric Co., Ltd.</name>
        <lei>5299000HVNGZZTYYM906</lei>
        <title>Fuji Electric Co., Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3820000002"/>
          <ticker value="6504"/>
          <other otherDesc="SEDOL" value="6356365"/>
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        <balance>4500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
        <valUSD>315234.33000000</valUSD>
        <pctVal>0.249880192206</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fujikura Ltd.</name>
        <lei>353800PSDZ8VRCKVPL51</lei>
        <title>Fujikura Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3811000003"/>
          <ticker value="5803"/>
          <other otherDesc="SEDOL" value="6356707"/>
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        <balance>6600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
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        <pctVal>0.143882197975</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sampo PLC</name>
        <lei>743700UF3RL386WIDA22</lei>
        <title>Sampo PLC NPV A</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FI4000552500"/>
          <ticker value="SAMPO"/>
          <other otherDesc="SEDOL" value="BMXX645"/>
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        <balance>43284.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86516350"/>
        <valUSD>460374.68000000</valUSD>
        <pctVal>0.364930156958</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>
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      </invstOrSec>
      <invstOrSec>
        <name>OMV AG</name>
        <lei>549300V62YJ9HTLRI486</lei>
        <title>OMV AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AT0000743059"/>
          <ticker value="OMV"/>
          <other otherDesc="SEDOL" value="4651459"/>
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        <balance>1658.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86516350"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sumitomo Chemical Co Ltd.</name>
        <lei>353800RSAU9BD8U4DM91</lei>
        <title>Sumitomo Chemical Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3401400001"/>
          <ticker value="4005"/>
          <other otherDesc="SEDOL" value="6858560"/>
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        <balance>8500.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Swedbank AB (publ)</name>
        <lei>M312WZV08Y7LYUC71685</lei>
        <title>Swedbank AB (publ) SER'A'NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0000242455"/>
          <ticker value="SWEDA"/>
          <other otherDesc="SEDOL" value="4846523"/>
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        <balance>7217.00000000</balance>
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        <currencyConditional curCd="SEK" exchangeRt="9.46665000"/>
        <valUSD>245980.80000000</valUSD>
        <pctVal>0.194984250551</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sumitomo Electric Industries Ltd.</name>
        <lei>5493005SP87FL5TOS202</lei>
        <title>Sumitomo Electric Industries Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3407400005"/>
          <ticker value="5802"/>
          <other otherDesc="SEDOL" value="6858708"/>
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        <balance>14500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
        <valUSD>823891.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Compagnie de Saint-Gobain SA</name>
        <lei>NFONVGN05Z0FMN5PEC35</lei>
        <title>Compagnie de Saint-Gobain SA EUR4</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000125007"/>
          <ticker value="SGO"/>
          <other otherDesc="SEDOL" value="7380482"/>
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        <balance>6129.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86516350"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LASERTEC CORP</name>
        <lei>N/A</lei>
        <title>Lasertec Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3979200007"/>
          <ticker value="6920"/>
          <other otherDesc="SEDOL" value="6506267"/>
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        <balance>200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MTU Aero Engines AG</name>
        <lei>529900807L67JY81RD65</lei>
        <title>MTU Aero Engines AG NPV (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000A0D9PT0"/>
          <ticker value="MTX"/>
          <other otherDesc="SEDOL" value="B09DHL9"/>
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        <balance>1310.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86516350"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Thyssenkrupp AG</name>
        <lei>549300UDG16DOYUPR330</lei>
        <title>Thyssenkrupp AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0007500001"/>
          <ticker value="TKA"/>
          <other otherDesc="SEDOL" value="5636927"/>
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        <balance>6495.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86516350"/>
        <valUSD>57230.78000000</valUSD>
        <pctVal>0.045365738898</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eurocommercial Properties N.V</name>
        <lei>724500SFK53FPNM68L95</lei>
        <title>Eurocommercial Properties N.V EUR10.00</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0015000K93"/>
          <ticker value="ECMPA"/>
          <other otherDesc="SEDOL" value="BMZ4R21"/>
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        <balance>5545.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86516350"/>
        <valUSD>167935.71000000</valUSD>
        <pctVal>0.133119408324</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Suncorp Group Ltd.</name>
        <lei>549300BVOKRTHDIWVT46</lei>
        <title>Suncorp Group Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000SUN6"/>
          <ticker value="SUN"/>
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        <name>Kyokuto Boeki Kaisha Ltd</name>
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        <name>Hannover Rueck SE</name>
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        <name>ACS Actividades De Construccion Y Servicios S.A.</name>
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        <name>Mitsubishi Heavy Industries Ltd.</name>
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        <name>Sumitomo Corp.</name>
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        <name>Sumitomo Realty &amp; Development Co Ltd.</name>
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        <name>Sony Group Corp.</name>
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        <name>Aristocrat Leisure Ltd.</name>
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        <name>Dai Nippon Printing Co Ltd.</name>
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        <name>NORITSU KOKI CO LTD</name>
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        <name>Riken Technos Corp</name>
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        <name>GEA Group AG</name>
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      <invstOrSec>
        <name>Isuzu Motors Ltd.</name>
        <lei>529900C0QSXVCC7AR494</lei>
        <title>Isuzu Motors Ltd. NPV</title>
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          <isin value="JP3137200006"/>
          <ticker value="7202"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DISCO CORP</name>
        <lei>N/A</lei>
        <title>DISCO Corp. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3548600000"/>
          <ticker value="6146"/>
          <other otherDesc="SEDOL" value="6270948"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mitsubishi Estate Co Ltd</name>
        <lei>353800KOFMRGOXSJ5Z65</lei>
        <title>Mitsubishi Estate Co Ltd NPV</title>
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        <identifiers>
          <isin value="JP3899600005"/>
          <ticker value="8802"/>
          <other otherDesc="SEDOL" value="6596729"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Relx PLC</name>
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        <title>Relx PLC ORD GBP0.1444</title>
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          <ticker value="REL"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JOHNSON ELECTRIC HOLDINGS LTD</name>
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        <title>Johnson Electric Holdings Ltd. HKD0.05</title>
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          <isin value="BMG5150J1577"/>
          <ticker value="179"/>
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        <pctVal>0.036077692190</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Klepierre SA</name>
        <lei>969500PB4U31KEFHZ621</lei>
        <title>Klepierre SA EUR1.40</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000121964"/>
          <ticker value="LI"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fuchs SE</name>
        <lei>529900SNF9E1P5ZO4P98</lei>
        <title>Fuchs SE NPV (REG)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000A3E5D56"/>
          <ticker value="FPE"/>
          <other otherDesc="SEDOL" value="BNHRG73"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WH GROUP LTD</name>
        <lei>254900A4AYEDRWYSE928</lei>
        <title>WH Group Ltd. USD0.0001</title>
        <cusip>000000000</cusip>
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          <isin value="KYG960071028"/>
          <ticker value="288"/>
          <other otherDesc="SEDOL" value="BLLHKZ1"/>
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        <balance>566000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
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        <pctVal>0.587056074596</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Singapore Telecommunications Ltd.</name>
        <lei>2549003XJKIQO8YDYD89</lei>
        <title>Singapore Telecommunications Ltd. NPV(BOARD LOT 100)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1T75931496"/>
          <ticker value="ST"/>
          <other otherDesc="SEDOL" value="B02PY11"/>
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        <balance>108600.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.28570000"/>
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        <pctVal>0.330761882139</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Vinci SA</name>
        <lei>213800WFQ334R8UXUG83</lei>
        <title>Vinci SA EUR2.50</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000125486"/>
          <ticker value="DG"/>
          <other otherDesc="SEDOL" value="B1XH026"/>
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        <balance>4428.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86516350"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Axa SA</name>
        <lei>F5WCUMTUM4RKZ1MAIE39</lei>
        <title>Axa SA EUR2.29</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000120628"/>
          <ticker value="CS"/>
          <other otherDesc="SEDOL" value="7088429"/>
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        <balance>26903.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86516350"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas SA EUR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000131104"/>
          <ticker value="BNP"/>
          <other otherDesc="SEDOL" value="7309681"/>
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        <balance>2363.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86516350"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ORICA LTD</name>
        <lei>N/A</lei>
        <title>Orica Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000ORI1"/>
          <ticker value="ORI"/>
          <other otherDesc="SEDOL" value="6458001"/>
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        <balance>3381.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.44938000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HSBC Holdings PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings PLC ORD USD0.50</title>
        <cusip>000000000</cusip>
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          <isin value="GB0005405286"/>
          <ticker value="HSBA"/>
          <other otherDesc="SEDOL" value="0540528"/>
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        <balance>56691.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Rolls-Royce Holdings PLC</name>
        <lei>213800EC7997ZBLZJH69</lei>
        <title>Rolls-Royce Holdings PLC ORD GBP0.20</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B63H8491"/>
          <ticker value="RR/"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Eneos Holdings Inc</name>
        <lei>3538001KQ5SAOZSQTT44</lei>
        <title>Eneos Holdings Inc NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3386450005"/>
          <ticker value="5020"/>
          <other otherDesc="SEDOL" value="B627LW9"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Japan Exchange Group Inc</name>
        <lei>353800578ADEGIJTVW07</lei>
        <title>Japan Exchange Group Inc NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3183200009"/>
          <ticker value="8697"/>
          <other otherDesc="SEDOL" value="6743882"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kubota Corporation</name>
        <lei>549300CSY4INHEHQQT13</lei>
        <title>Kubota Corporation NPV</title>
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          <isin value="JP3266400005"/>
          <ticker value="6326"/>
          <other otherDesc="SEDOL" value="6497509"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>Denyo Co Ltd</name>
        <lei>N/A</lei>
        <title>Denyo Co Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3551600004"/>
          <ticker value="6517"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LEM Holdings AG</name>
        <lei>5067008AF2B2C5O7TJ43</lei>
        <title>LEM Holdings AG CHF0.50(REGD)</title>
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          <ticker value="LEHN"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kita-Nippon Bank Ltd. (The)</name>
        <lei>353800BEJYJ7JD023D06</lei>
        <title>Kita-Nippon Bank Ltd. (The) NPV</title>
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          <isin value="JP3238200004"/>
          <ticker value="8551"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nippon Yusen Kabushiki Kaisha</name>
        <lei>353800YPW4XM0ZN5I149</lei>
        <title>Nippon Yusen Kabushiki Kaisha NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3753000003"/>
          <ticker value="9101"/>
          <other otherDesc="SEDOL" value="6643960"/>
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        <name>Kawasaki Kisen Kaisha Ltd.</name>
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        <name>Industrie De Nora S.p.A</name>
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        <name>Kuehne &amp; Nagel International AG</name>
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        <name>Cosmo Energy Holdings Co Ltd.</name>
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        <name>ING Groep N.V.</name>
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        <name>Kioxia Holdings Corp.</name>
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        <name>Sandfire Resources Ltd.</name>
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        <name>Munich Reinsurance AG</name>
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        <name>Vault Minerals Ltd.</name>
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        <name>Hong Kong Exchanges &amp; Clearing Ltd.</name>
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        <name>Perenti Ltd.</name>
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        <name>E.ON SE</name>
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        <name>QBE Insurance Group Ltd.</name>
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        <name>Adidas AG</name>
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        <name>Holcim AG</name>
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        <name>Daiwa Securities Group Inc.</name>
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        <name>The San-in Godo Bank Ltd.</name>
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        <name>Danone SA</name>
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        <name>Novo Nordisk A/S</name>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sonova Holding AG</name>
        <lei>5299004A0QNX7FBNHS61</lei>
        <title>Sonova Holding AG CHF0.05 (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0012549785"/>
          <ticker value="SOON"/>
          <other otherDesc="SEDOL" value="7156036"/>
        </identifiers>
        <balance>2119.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.79960000"/>
        <valUSD>483160.51000000</valUSD>
        <pctVal>0.382992046283</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Takeda Pharmaceutical Co Ltd.</name>
        <lei>549300ZLMVP4X0OGR454</lei>
        <title>Takeda Pharmaceutical Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3463000004"/>
          <ticker value="4502"/>
          <other otherDesc="SEDOL" value="6870445"/>
        </identifiers>
        <balance>33800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
        <valUSD>1244782.85000000</valUSD>
        <pctVal>0.986715431068</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FERRARI NV</name>
        <lei>549300RIVY5EX8RCON76</lei>
        <title>Ferrari N V COM EUR0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0011585146"/>
          <ticker value="RACE"/>
          <other otherDesc="SEDOL" value="BD6G507"/>
        </identifiers>
        <balance>1081.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86516350"/>
        <valUSD>366787.86000000</valUSD>
        <pctVal>0.290745684189</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEXTEER AUTOMOTIVE GROUP LTD</name>
        <lei>529900O9GGNBKMJ9UO48</lei>
        <title>Nexteer Automotive Group Ltd. HKD0.1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG6501M1050"/>
          <ticker value="1316"/>
          <other otherDesc="SEDOL" value="BBPD5F0"/>
        </identifiers>
        <balance>220000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
        <valUSD>143797.29000000</valUSD>
        <pctVal>0.113985346913</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>Epiroc AB</name>
        <lei>5493004Q73OEYW1SPE91</lei>
        <title>Epiroc AB SER'A'NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0015658109"/>
          <ticker value="EPIA"/>
          <other otherDesc="SEDOL" value="BMD58R8"/>
        </identifiers>
        <balance>17598.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665000"/>
        <valUSD>433207.28000000</valUSD>
        <pctVal>0.343395081340</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Industria De Diseno Textil SA</name>
        <lei>549300TTCXZOGZM2EY83</lei>
        <title>Industria De Diseno Textil SA EUR0.03 (POST SUBD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0148396007"/>
          <ticker value="ITX"/>
          <other otherDesc="SEDOL" value="BP9DL90"/>
        </identifiers>
        <balance>10797.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86516350"/>
        <valUSD>628480.81000000</valUSD>
        <pctVal>0.498184653939</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banco Bilbao Vizcaya Argentaria SA</name>
        <lei>K8MS7FD7N5Z2WQ51AZ71</lei>
        <title>Banco Bilbao Vizcaya Argentaria SA EUR0.49</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0113211835"/>
          <ticker value="BBVA"/>
          <other otherDesc="SEDOL" value="5501906"/>
        </identifiers>
        <balance>28579.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86516350"/>
        <valUSD>617294.56000000</valUSD>
        <pctVal>0.489317528649</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BP PLC</name>
        <lei>213800LH1BZH3DI6G760</lei>
        <title>BP PLC SPONSORED ADR</title>
        <cusip>055622104</cusip>
        <identifiers>
          <isin value="US0556221044"/>
          <ticker value="BP"/>
        </identifiers>
        <balance>27261.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1281267.00000000</valUSD>
        <pctVal>1.015635715272</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>Aixtron SE</name>
        <lei>5299004UJ4D51M25LD67</lei>
        <title>Aixtron SE ORD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000A0WMPJ6"/>
          <ticker value="AIXA"/>
          <other otherDesc="SEDOL" value="5468346"/>
        </identifiers>
        <balance>2852.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86516350"/>
        <valUSD>111286.33000000</valUSD>
        <pctVal>0.088214534027</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wesfarmers Ltd.</name>
        <lei>5493003L32ZX9557ST85</lei>
        <title>Wesfarmers Ltd. ORD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000WES1"/>
          <ticker value="WES"/>
          <other otherDesc="SEDOL" value="6948836"/>
        </identifiers>
        <balance>24892.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.44938000"/>
        <valUSD>1270885.71000000</valUSD>
        <pctVal>1.007406666296</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>Deep Value Driller As</name>
        <lei>549300QEVW47ULJE4O08</lei>
        <title>Deep Value Driller As NOK0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0010955917"/>
          <ticker value="DVD"/>
          <other otherDesc="SEDOL" value="BLF8SJ0"/>
        </identifiers>
        <balance>35002.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.68290000"/>
        <valUSD>77393.74000000</valUSD>
        <pctVal>0.061348529605</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fujitsu Ltd.</name>
        <lei>3538000246DHJLRTUZ24</lei>
        <title>Fujitsu Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3818000006"/>
          <ticker value="6702"/>
          <other otherDesc="SEDOL" value="6356945"/>
        </identifiers>
        <balance>34900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
        <valUSD>713728.20000000</valUSD>
        <pctVal>0.565758620894</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Asahi Intecc Co Ltd.</name>
        <lei>353800J3AV2SCNIO8L39</lei>
        <title>Asahi Intecc Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3110650003"/>
          <ticker value="7747"/>
          <other otherDesc="SEDOL" value="B019MQ5"/>
        </identifiers>
        <balance>3400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
        <valUSD>72603.74000000</valUSD>
        <pctVal>0.057551588705</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Swire Pacific Ltd.</name>
        <lei>549300KZOZHII0DGF611</lei>
        <title>Swire Pacific Ltd. 'B' NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0087000532"/>
          <ticker value="87"/>
          <other otherDesc="SEDOL" value="6867760"/>
        </identifiers>
        <balance>165000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
        <valUSD>269346.53000000</valUSD>
        <pctVal>0.213505815456</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of East Asia Ltd. (The)</name>
        <lei>CO6GC26LCGGRTUESIP55</lei>
        <title>Bank of East Asia Ltd. (The) NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0023000190"/>
          <ticker value="23"/>
          <other otherDesc="SEDOL" value="6075648"/>
        </identifiers>
        <balance>94600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
        <valUSD>157682.75000000</valUSD>
        <pctVal>0.124992084071</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-05-29</ncom:dateSigned>
      <ncom:nameOfApplicant>Goldman Sachs Variable Insurance Trust</ncom:nameOfApplicant>
      <ncom:signature>Allison Frachiolla</ncom:signature>
      <ncom:signerName>Allison Frachiolla</ncom:signerName>
      <ncom:title>Vice President Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
