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        <currencyConditional curCd="EUR" exchangeRt="0.94660000"/>
        <valUSD>2622107.75000000</valUSD>
        <pctVal>1.937594906834</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Straumann Holding AG</name>
        <lei>50670046ML5FVIM60Z37</lei>
        <title> Straumann Holding A.G. </title>
        <cusip>H8300N127</cusip>
        <identifiers>
          <isin value="CH1175448666"/>
        </identifiers>
        <balance>18765.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.88102000"/>
        <valUSD>2441950.52000000</valUSD>
        <pctVal>1.804468519760</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CRH PLC</name>
        <lei>549300MIDJNNTH068E74</lei>
        <title>CRH plc </title>
        <cusip>G25508105</cusip>
        <identifiers>
          <isin value="IE0001827041"/>
        </identifiers>
        <balance>44243.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.78590000"/>
        <valUSD>4538580.81000000</valUSD>
        <pctVal>3.353764185210</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Enel S.p.A.</name>
        <lei>WOCMU6HCI0OJWNPRZS33</lei>
        <title>Enel SpA </title>
        <cusip>T3679P115</cusip>
        <identifiers>
          <isin value="IT0003128367"/>
        </identifiers>
        <balance>317729.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.94660000"/>
        <valUSD>2285796.00000000</valUSD>
        <pctVal>1.689078828916</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AIA Group Ltd, Hong Kong</name>
        <lei>ZP5ILWVSYE4LJGMMVD57</lei>
        <title>AIA Group Ltd. </title>
        <cusip>Y002A1105</cusip>
        <identifiers>
          <isin value="HK0000069689"/>
        </identifiers>
        <balance>186019.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.77997000"/>
        <valUSD>1390365.88000000</valUSD>
        <pctVal>1.027404708187</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>Intertek Group PLC</name>
        <lei>2138003GAT25WW1RN369</lei>
        <title>Intertek Group plc </title>
        <cusip>G4911B108</cusip>
        <identifiers>
          <isin value="GB0031638363"/>
        </identifiers>
        <balance>40160.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.78590000"/>
        <valUSD>2409906.60000000</valUSD>
        <pctVal>1.780789807019</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>L'Oreal S.A.</name>
        <lei>529900JI1GG6F7RKVI53</lei>
        <title>L'Oreal S.A. </title>
        <cusip>F58149133</cusip>
        <identifiers>
          <isin value="FR0000120321"/>
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        <balance>2287.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.94660000"/>
        <valUSD>794023.40000000</valUSD>
        <pctVal>0.586740074181</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASML Holding N.V.</name>
        <lei>724500Y6DUVHQD6OXN27</lei>
        <title>ASML Holding N.V. </title>
        <cusip>N07059210</cusip>
        <identifiers>
          <isin value="USN070592100"/>
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        <balance>4141.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2843252.01000000</valUSD>
        <pctVal>2.101008478169</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ces Energy Solutions Corp</name>
        <lei>984500NF54914EB1B646</lei>
        <title>CES Energy Solutions Corporation </title>
        <cusip>15713J104</cusip>
        <identifiers>
          <isin value="CA15713J1049"/>
        </identifiers>
        <balance>330698.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.39989000"/>
        <valUSD>2281995.50000000</valUSD>
        <pctVal>1.686270466276</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rio Tinto PLC</name>
        <lei>213800YOEO5OQ72G2R82</lei>
        <title>Rio Tinto plc </title>
        <cusip>G75754104</cusip>
        <identifiers>
          <isin value="GB0007188757"/>
        </identifiers>
        <balance>32638.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.78590000"/>
        <valUSD>2050101.63000000</valUSD>
        <pctVal>1.514913518249</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>Bangkok Bank Public Co Ltd.</name>
        <lei>549300CCL2BKJGMYXV60</lei>
        <title>Bangkok Bank PCL </title>
        <cusip>Y0606R119</cusip>
        <identifiers>
          <isin value="TH0001010014"/>
        </identifiers>
        <balance>809965.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.31100000"/>
        <valUSD>3529182.11000000</valUSD>
        <pctVal>2.607873487131</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Givaudan SA</name>
        <lei>213800SVRMQA1TD91D41</lei>
        <title>Givaudan S.A. </title>
        <cusip>H3238Q102</cusip>
        <identifiers>
          <isin value="CH0010645932"/>
        </identifiers>
        <balance>361.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.88102000"/>
        <valUSD>1590248.80000000</valUSD>
        <pctVal>1.175107306509</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Olympus Corp.</name>
        <lei>5299000Y52IFDI1I2A21</lei>
        <title>Olympus Corporation </title>
        <cusip>J61240107</cusip>
        <identifiers>
          <isin value="JP3201200007"/>
        </identifiers>
        <balance>238792.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.59800000"/>
        <valUSD>3767089.93000000</valUSD>
        <pctVal>2.783674416871</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SECURE Energy Services Inc.</name>
        <lei>549300EZKELHYBQO9X11</lei>
        <title>Secure Energy Services, Inc. </title>
        <cusip>81373C102</cusip>
        <identifiers>
          <isin value="CA81373C1023"/>
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        <balance>231218.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.39989000"/>
        <valUSD>2617923.77000000</valUSD>
        <pctVal>1.934503173347</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>BBH SWEEP VEHICLE </title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Dummy ID" value="BBHETFMM"/>
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        <balance>19736902.16000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19736902.16000000</valUSD>
        <pctVal>14.58449642350</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Deposit Account" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank Rakyat Indonesia (Persero) Tbk</name>
        <lei>254900HB6S4B12GBNP64</lei>
        <title>Bank Rakyat Indonesia Persero Tbk P.T. </title>
        <cusip>Y0697U112</cusip>
        <identifiers>
          <isin value="ID1000118201"/>
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        <balance>11784959.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="15845.00000000"/>
        <valUSD>3161001.94000000</valUSD>
        <pctVal>2.335808381420</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Screen Holdings Co Ltd.</name>
        <lei>353800ND89FTQ9XQ0R07</lei>
        <title>SCREEN Holdings Company Ltd. </title>
        <cusip>J6988U114</cusip>
        <identifiers>
          <isin value="JP3494600004"/>
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        <balance>31119.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.59800000"/>
        <valUSD>1955780.41000000</valUSD>
        <pctVal>1.445215270540</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Webuild SPA</name>
        <lei>549300UKR289DF4UXQ47</lei>
        <title>Webuild SpA </title>
        <cusip>T9T11U109</cusip>
        <identifiers>
          <isin value="IT0003865570"/>
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        <balance>918561.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.94660000"/>
        <valUSD>2567623.51000000</valUSD>
        <pctVal>1.897334019032</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AP Moller-Maersk</name>
        <lei>549300D2K6PKKKXVNN73</lei>
        <title>AP Moller - Maersk A/S </title>
        <cusip>K0514G101</cusip>
        <identifiers>
          <isin value="DK0010244508"/>
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        <balance>905.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="7.05728000"/>
        <valUSD>1535630.58000000</valUSD>
        <pctVal>1.134747414780</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Constellation Software Inc.</name>
        <lei>549300B6PYHMCTDWQV29</lei>
        <title>Constellation Software, Inc. </title>
        <cusip>21037X100</cusip>
        <identifiers>
          <isin value="CA21037X1006"/>
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        <balance>917.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.39989000"/>
        <valUSD>3101118.46000000</valUSD>
        <pctVal>2.291557749137</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Topicus Com Inc</name>
        <lei>N/A</lei>
        <title> Topicus.com, Inc. </title>
        <cusip>89072T102</cusip>
        <identifiers>
          <isin value="CA89072T1021"/>
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        <balance>21955.00000000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.39989000"/>
        <valUSD>1893297.04000000</valUSD>
        <pctVal>1.399043461058</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Canon Inc.</name>
        <lei>529900JH1GSC035SSP77</lei>
        <title>Canon, Inc. </title>
        <cusip>J05124144</cusip>
        <identifiers>
          <isin value="JP3242800005"/>
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        <balance>95459.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.59800000"/>
        <valUSD>3106287.60000000</valUSD>
        <pctVal>2.295377462243</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wise PLC</name>
        <lei>213800LD9XCHIC1C4V71</lei>
        <title>Wise plc </title>
        <cusip>G97229101</cusip>
        <identifiers>
          <isin value="GB00BL9YR756"/>
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        <balance>264885.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.78590000"/>
        <valUSD>2972751.88000000</valUSD>
        <pctVal>2.196701833466</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>HDFC Bank Ltd.</name>
        <lei>335800ZQ6I4E2JXENC50</lei>
        <title>HDFC Bank Ltd. </title>
        <cusip>40415F101</cusip>
        <identifiers>
          <isin value="US40415F1012"/>
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        <balance>41047.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2740297.72000000</valUSD>
        <pctVal>2.024930861625</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Constellation Software Inc </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CA21037X1345"/>
        </identifiers>
        <balance>872.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.39000000"/>
        <valUSD>0.06000000</valUSD>
        <pctVal>0.000000044336</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>Constellation Software Inc </counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Constellation Software Inc </issuerName>
                <issueTitle>Constellation Software Inc </issueTitle>
                <identifiers>
                  <isin value="CA21037X1345"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>872</shareNo>
            <exercisePrice>0.000001</exercisePrice>
            <exercisePriceCurCd>CAD</exercisePriceCurCd>
            <expDt>2040-04-02</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>0.00</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2024-11-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Unified Series Trust</ncom:nameOfApplicant>
      <ncom:signature>Gregory Knoth</ncom:signature>
      <ncom:signerName>Gregory Knoth</ncom:signerName>
      <ncom:title>SVP, Mutual Fund Controller</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
