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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SK Square Co Ltd</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <isin value="KR7402340004"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Goodman Group</name>
        <lei>N/A</lei>
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          <isin value="AU000000GMG2"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AstraZeneca PLC</name>
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          <isin value="GB0009895292"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Novartis AG</name>
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          <isin value="CH0012005267"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BHP Group Ltd.</name>
        <lei>WZE1WSENV6JSZFK0JC28</lei>
        <title>BHP Group Ltd. NPV</title>
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          <isin value="AU000000BHP4"/>
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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>Paladin Energy Ltd.</name>
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        <title>Paladin Energy Ltd. NPV</title>
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          <isin value="AU000000PDN8"/>
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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>Rheinmetall AG</name>
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        <title>Rheinmetall AG NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE0007030009"/>
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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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        <name>Intesa Sanpaolo S.p.A.</name>
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        <title>Intesa Sanpaolo S.p.A. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="IT0000072618"/>
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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>Deutsche Telekom AG</name>
        <lei>549300V9QSIG4WX4GJ96</lei>
        <title>Deutsche Telekom AG NPV(REGD)</title>
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          <isin value="DE0005557508"/>
          <ticker value="DTE"/>
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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>Fast Retailing Co Ltd.</name>
        <lei>353800ZCXKHDPY0N5218</lei>
        <title>Fast Retailing Co Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3802300008"/>
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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>Banco Bilbao Vizcaya Argentaria SA</name>
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        <title>Banco Bilbao Vizcaya Argentaria SA EUR0.49</title>
        <cusip>000000000</cusip>
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          <isin value="ES0113211835"/>
          <ticker value="BBVA"/>
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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>Deutsche Boerse AG</name>
        <lei>529900G3SW56SHYNPR95</lei>
        <title>Deutsche Boerse AG NPV(REGD)</title>
        <cusip>000000000</cusip>
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          <isin value="DE0005810055"/>
          <ticker value="DB1"/>
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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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        <name>Siemens AG</name>
        <lei>W38RGI023J3WT1HWRP32</lei>
        <title>Siemens AG NPV(REGD)</title>
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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>Advantest Corp.</name>
        <lei>353800EMK32PDKS9XR54</lei>
        <title>Advantest Corp. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3122400009"/>
          <ticker value="6857"/>
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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>Haleon PLC</name>
        <lei>549300PSB3WWEODCUP19</lei>
        <title>Haleon PLC ORD GBP0.01</title>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>Softbank Group Corp.</name>
        <lei>5493003BZYYYCDIO0R13</lei>
        <title>Softbank Group Corp. NPV</title>
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        <name>ASM International N.V.</name>
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        <title>ASM International N.V. EUR0.04</title>
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        <invCountry>NL</invCountry>
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        <name>Asics Corp</name>
        <lei>3538002LJMRZ83SU0B85</lei>
        <title>Asics Corp NPV</title>
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        <name>L'Oreal S.A.</name>
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        <title>L'Oreal S.A. EUR0.20</title>
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        <name>Accor SA</name>
        <lei>969500QZC2Q0TK11NV07</lei>
        <title>Accor SA EUR3</title>
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        <invCountry>FR</invCountry>
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      <invstOrSec>
        <name>Kioxia Holdings Corp.</name>
        <lei>35380080RTKRARNH4R73</lei>
        <title>Kioxia Holdings Corp. NPV</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>ING Groep N.V.</name>
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        <title>ING Groep N.V. EUR0.01</title>
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          <isin value="NL0011821202"/>
          <ticker value="INGA"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Roche Holding AG</name>
        <lei>549300U41AUUVOAAOB37</lei>
        <title>Roche Holding AG CHF0.001</title>
        <cusip>000000000</cusip>
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          <isin value="CH1499059983"/>
          <ticker value="ROP"/>
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        <balance>1333.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Obayashi Corp.</name>
        <lei>529900YT4O5S0LCXWD54</lei>
        <title>Obayashi Corp. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3190000004"/>
          <ticker value="1802"/>
          <other otherDesc="SEDOL" value="6656407"/>
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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>
      <invstOrSec>
        <name>Fujikura Ltd.</name>
        <lei>353800PSDZ8VRCKVPL51</lei>
        <title>Fujikura Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3811000003"/>
          <ticker value="5803"/>
          <other otherDesc="SEDOL" value="6356707"/>
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        <balance>19800.00000000</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>
      <invstOrSec>
        <name>HSBC Holdings PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings PLC ORD USD0.50</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0005405286"/>
          <ticker value="HSBA"/>
          <other otherDesc="SEDOL" value="0540528"/>
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        <balance>26244.00000000</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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      <invstOrSec>
        <name>SPOTIFY TECHNOLOGY SA</name>
        <lei>549300B4X0JHWV0DTD60</lei>
        <title>Spotify Technology S.A. COM EUR0.000625</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="LU1778762911"/>
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          <other otherDesc="SEDOL" value="BFZ1K46"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Schneider Electric SE</name>
        <lei>969500A1YF1XUYYXS284</lei>
        <title>Schneider Electric SE EUR4.00</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000121972"/>
          <ticker value="SU"/>
          <other otherDesc="SEDOL" value="4834108"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sunbelt Rentals Holdings Inc.</name>
        <lei>529900W4BQDNMAOSRA49</lei>
        <title>Sunbelt Rentals Holdings Inc. SHS</title>
        <cusip>866966104</cusip>
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          <isin value="US8669661048"/>
          <ticker value="SUNB"/>
          <other otherDesc="SEDOL" value="BW5TBS0"/>
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        <balance>2720.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mitsui Fudosan Co Ltd.</name>
        <lei>353800ND4ZKNZDYKMF33</lei>
        <title>Mitsui Fudosan Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3893200000"/>
          <ticker value="8801"/>
          <other otherDesc="SEDOL" value="6597603"/>
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        <balance>27700.00000000</balance>
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        <pctVal>1.047400936288</pctVal>
        <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>Coca-Cola Europacific Partners PLC</name>
        <lei>549300LTH67W4GWMRF57</lei>
        <title>Coca-Cola Europacific Partners PLC COM EUR0.01</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BDCPN049"/>
          <ticker value="CCEP"/>
          <other otherDesc="SEDOL" value="BYQQ3P5"/>
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        <balance>2108.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>191132.36000000</valUSD>
        <pctVal>0.677941705240</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Relx PLC</name>
        <lei>549300WSX3VBUFFJOO66</lei>
        <title>Relx PLC ORD GBP0.1444</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B2B0DG97"/>
          <ticker value="REN"/>
          <other otherDesc="SEDOL" value="BYWLC68"/>
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        <balance>2071.00000000</balance>
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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>British American Tobacco PLC</name>
        <lei>213800FKA5MF17RJKT63</lei>
        <title>British American Tobacco PLC ORD GBP0.25</title>
        <cusip>000000000</cusip>
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          <isin value="GB0002875804"/>
          <ticker value="BATS"/>
          <other otherDesc="SEDOL" value="0287580"/>
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        <balance>5440.00000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DnB Bank ASA</name>
        <lei>549300GKFG0RYRRQ1414</lei>
        <title>DnB Bank ASA NOK12.50</title>
        <cusip>000000000</cusip>
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          <isin value="NO0010161896"/>
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          <other otherDesc="SEDOL" value="BNG7113"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>IGO Ltd.</name>
        <lei>2549005DZO8VGXM5QN07</lei>
        <title>IGO Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000IGO4"/>
          <ticker value="IGO"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Toyota Motor Corp.</name>
        <lei>5493006W3QUS5LMH6R84</lei>
        <title>Toyota Motor Corp. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3633400001"/>
          <ticker value="7203"/>
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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>London Stock Exchange Group PLC</name>
        <lei>213800QAUUUP6I445N30</lei>
        <title>London Stock Exchange Group PLC ORD GBP0.06918604</title>
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      <invstOrSec>
        <name>ABB Ltd.</name>
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        <title>ABB Ltd. CHF0.12 (REGD)</title>
        <cusip>000000000</cusip>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>RBC Funds Trust</name>
        <lei>549300456VUEP58RCU35</lei>
        <title>RBC BlueBay U.S. Government Money Market Fund</title>
        <cusip>74926P696</cusip>
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          <ticker value="TUGXX"/>
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        <curCd>USD</curCd>
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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>Sampo PLC</name>
        <lei>743700UF3RL386WIDA22</lei>
        <title>Sampo PLC NPV A</title>
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          <isin value="FI4000552500"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FI</invCountry>
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      <invstOrSec>
        <name>Novonesis (Novozymes) B</name>
        <lei>529900T6WNZXD2R3JW38</lei>
        <title>Novonesis (Novozymes) B SER'B'DKK2</title>
        <cusip>000000000</cusip>
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          <isin value="DK0060336014"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</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>Diageo PLC</name>
        <lei>213800ZVIELEA55JMJ32</lei>
        <title>Diageo PLC ORD GBP0.28 101/108</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0002374006"/>
          <ticker value="DGE"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Mitsubishi Heavy Industries Ltd.</name>
        <lei>353800TJ98PCAZROVE69</lei>
        <title>Mitsubishi Heavy Industries Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3900000005"/>
          <ticker value="7011"/>
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        <balance>25600.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
        <valUSD>703402.49000000</valUSD>
        <pctVal>2.494951056643</pctVal>
        <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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Westgold Resources Ltd.</name>
        <lei>2549003AMX9BL7CKBQ74</lei>
        <title>Westgold Resources Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000WGX6"/>
          <ticker value="WGX"/>
          <other otherDesc="SEDOL" value="BYVQ673"/>
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        <balance>30825.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.44938038"/>
        <valUSD>129681.13000000</valUSD>
        <pctVal>0.459975727865</pctVal>
        <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>Rolls-Royce Holdings PLC</name>
        <lei>213800EC7997ZBLZJH69</lei>
        <title>Rolls-Royce Holdings PLC ORD GBP0.20</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B63H8491"/>
          <ticker value="RR/"/>
          <other otherDesc="SEDOL" value="B63H849"/>
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        <balance>17696.00000000</balance>
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        <valUSD>268845.15000000</valUSD>
        <pctVal>0.953587029619</pctVal>
        <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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Shell PLC</name>
        <lei>21380068P1DRHMJ8KU70</lei>
        <title>Shell PLC ORD EUR0.07</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BP6MXD84"/>
          <ticker value="SHEL"/>
          <other otherDesc="SEDOL" value="BP6MXD8"/>
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        <balance>12199.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75551526"/>
        <valUSD>564997.20000000</valUSD>
        <pctVal>2.004030951241</pctVal>
        <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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Aker BP ASA</name>
        <lei>549300NFTY73920OYK69</lei>
        <title>Aker BP ASA NOK1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0010345853"/>
          <ticker value="AKRBP"/>
          <other otherDesc="SEDOL" value="B1L95G3"/>
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        <balance>3334.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.68290000"/>
        <valUSD>123254.46000000</valUSD>
        <pctVal>0.437180489953</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</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>Prudential PLC</name>
        <lei>5493001Z3ZE83NGK8Y12</lei>
        <title>Prudential PLC GBP0.05</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0007099541"/>
          <ticker value="PRU"/>
          <other otherDesc="SEDOL" value="0709954"/>
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        <balance>16798.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75551526"/>
        <valUSD>233544.54000000</valUSD>
        <pctVal>0.828376647978</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mercedes-Benz Group AG</name>
        <lei>529900R27DL06UVNT076</lei>
        <title>Mercedes-Benz Group AG ORD NPV(REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0007100000"/>
          <ticker value="MBG"/>
          <other otherDesc="SEDOL" value="5529027"/>
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        <balance>877.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86516416"/>
        <valUSD>53902.96000000</valUSD>
        <pctVal>0.191192452287</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>UniCredit S.p.A.</name>
        <lei>549300TRUWO2CD2G5692</lei>
        <title>UniCredit S.p.A. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0005239360"/>
          <ticker value="UCG"/>
          <other otherDesc="SEDOL" value="BYMXPS7"/>
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        <balance>3199.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86516416"/>
        <valUSD>229508.44000000</valUSD>
        <pctVal>0.814060702125</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Rio Tinto PLC</name>
        <lei>213800YOEO5OQ72G2R82</lei>
        <title>Rio Tinto PLC ORD GBP0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0007188757"/>
          <ticker value="RIO"/>
          <other otherDesc="SEDOL" value="0718875"/>
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        <balance>4067.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75551526"/>
        <valUSD>377310.70000000</valUSD>
        <pctVal>1.338311625322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Vestas Wind Systems AS</name>
        <lei>549300DYMC8BGZZC8844</lei>
        <title>Vestas Wind Systems AS DKK0.20</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DK0061539921"/>
          <ticker value="VWS"/>
          <other otherDesc="SEDOL" value="BN4MYF5"/>
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        <balance>6428.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.46520000"/>
        <valUSD>193938.82000000</valUSD>
        <pctVal>0.687896148737</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>TENCENT HOLDINGS LTD</name>
        <lei>254900N4SLUMW4XUYY11</lei>
        <title>Tencent Holdings Ltd. HKD0.00002</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG875721634"/>
          <ticker value="700"/>
          <other otherDesc="SEDOL" value="BMMV2K8"/>
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        <balance>3500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
        <valUSD>220753.33000000</valUSD>
        <pctVal>0.783006545713</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NESTLE' CAPITAL MARKETS SA</name>
        <lei>549300PZN3NFSOUXLC42</lei>
        <title>Nestle SA CHF0.10 (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0038863350"/>
          <ticker value="NESN"/>
          <other otherDesc="SEDOL" value="7123870"/>
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        <balance>2656.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.79960000"/>
        <valUSD>260529.84000000</valUSD>
        <pctVal>0.924092832817</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>Mitsubishi UFJ Financial Group Inc.</name>
        <lei>353800V2V8PUY9TK3E06</lei>
        <title>Mitsubishi UFJ Financial Group Inc. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3902900004"/>
          <ticker value="8306"/>
          <other otherDesc="SEDOL" value="6335171"/>
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        <balance>25800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
        <valUSD>436895.52000000</valUSD>
        <pctVal>1.549657493061</pctVal>
        <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>Sumitomo Metal Mining Co Ltd.</name>
        <lei>353800CF81IXL9974H84</lei>
        <title>Sumitomo Metal Mining Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3402600005"/>
          <ticker value="5713"/>
          <other otherDesc="SEDOL" value="6858849"/>
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        <balance>7100.00000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LVMH Moet Hennessy Louis Vuitton SE</name>
        <lei>IOG4E947OATN0KJYSD45</lei>
        <title>LVMH Moet Hennessy Louis Vuitton SE EUR0.30</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000121014"/>
          <ticker value="MC"/>
          <other otherDesc="SEDOL" value="4061412"/>
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        <balance>571.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86516416"/>
        <valUSD>312136.93000000</valUSD>
        <pctVal>1.107141891580</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEC Corp.</name>
        <lei>5493000QYMPFRTEY4K28</lei>
        <title>NEC Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3733000008"/>
          <ticker value="6701"/>
          <other otherDesc="SEDOL" value="6640400"/>
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        <balance>6900.00000000</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>
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      <invstOrSec>
        <name>NatWest Group PLC</name>
        <lei>2138005O9XJIJN4JPN90</lei>
        <title>NatWest Group PLC ORD GBP1.0769</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BM8PJY71"/>
          <ticker value="NWG"/>
          <other otherDesc="SEDOL" value="BM8PJY7"/>
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        <balance>31989.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Assa Abloy AB</name>
        <lei>549300YECS8HKCIMMB67</lei>
        <title>Assa Abloy AB SER'B'NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0007100581"/>
          <ticker value="ASSAB"/>
          <other otherDesc="SEDOL" value="BYPC1T4"/>
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        <balance>6401.00000000</balance>
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        <currencyConditional curCd="SEK" exchangeRt="9.46665000"/>
        <valUSD>231382.65000000</valUSD>
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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>
      <invstOrSec>
        <name>ASML Holding N.V.</name>
        <lei>724500Y6DUVHQD6OXN27</lei>
        <title>ASML Holding N.V. EUR0.09</title>
        <cusip>000000000</cusip>
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          <isin value="NL0010273215"/>
          <ticker value="ASML"/>
          <other otherDesc="SEDOL" value="B929F46"/>
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        <balance>678.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86516416"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAP SE</name>
        <lei>529900D6BF99LW9R2E68</lei>
        <title>SAP SE ORD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE0007164600"/>
          <ticker value="SAP"/>
          <other otherDesc="SEDOL" value="4846288"/>
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        <balance>932.00000000</balance>
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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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Henderson Land Development Co Ltd.</name>
        <lei>529900SYQB7IVR9QGN76</lei>
        <title>Henderson Land Development Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0012000102"/>
          <ticker value="12"/>
          <other otherDesc="SEDOL" value="6420538"/>
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        <balance>38000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
        <valUSD>141177.80000000</valUSD>
        <pctVal>0.500754129096</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Air Liquide S.A.(L')</name>
        <lei>969500MMPQVHK671GT54</lei>
        <title>Air Liquide S.A.(L') EUR5.50</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000120073"/>
          <ticker value="AI"/>
          <other otherDesc="SEDOL" value="B1YXBJ7"/>
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        <balance>1913.00000000</balance>
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        <valUSD>395414.24000000</valUSD>
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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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ryanair Holdings PLC</name>
        <lei>635400BR2ROC1FVEBQ56</lei>
        <title>Ryanair Holdings PLC SPONSORED ADR</title>
        <cusip>783513203</cusip>
        <identifiers>
          <isin value="US7835132033"/>
          <ticker value="RYAAY"/>
        </identifiers>
        <balance>6128.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>354198.40000000</valUSD>
        <pctVal>1.256332874712</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>Tokio Marine Holdings Inc.</name>
        <lei>5299009QN2NZ191KLS29</lei>
        <title>Tokio Marine Holdings Inc. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3910660004"/>
          <ticker value="8766"/>
          <other otherDesc="SEDOL" value="6513126"/>
        </identifiers>
        <balance>6300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
        <valUSD>295728.13000000</valUSD>
        <pctVal>1.048940287974</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>Unilever PLC</name>
        <lei>549300MKFYEKVRWML317</lei>
        <title>Unilever PLC ORD GBP0.035</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BVZK7T90"/>
          <ticker value="ULVR"/>
          <other otherDesc="SEDOL" value="BVZK7T9"/>
        </identifiers>
        <balance>5576.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75551526"/>
        <valUSD>306119.00000000</valUSD>
        <pctVal>1.085796444235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Siemens Energy AG</name>
        <lei>5299005CHJZ14D4FDJ62</lei>
        <title>Siemens Energy AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000ENER6Y0"/>
          <ticker value="ENR"/>
          <other otherDesc="SEDOL" value="BMTVQK9"/>
        </identifiers>
        <balance>1647.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86516416"/>
        <valUSD>284024.45000000</valUSD>
        <pctVal>1.007427627445</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>DBS Group Holdings Ltd.</name>
        <lei>5493007FKT78NKPM5V55</lei>
        <title>DBS Group Holdings Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1L01001701"/>
          <ticker value="DBS"/>
          <other otherDesc="SEDOL" value="6175203"/>
        </identifiers>
        <balance>17900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.28570000"/>
        <valUSD>796552.30000000</valUSD>
        <pctVal>2.825351105249</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EssilorLuxottica SA</name>
        <lei>549300M3VH1A3ER1TB49</lei>
        <title>EssilorLuxottica SA EUR0.18</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000121667"/>
          <ticker value="EL"/>
          <other otherDesc="SEDOL" value="7212477"/>
        </identifiers>
        <balance>1038.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86516416"/>
        <valUSD>241880.06000000</valUSD>
        <pctVal>0.857942529145</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Heineken N.V.</name>
        <lei>724500K5PTPSST86UQ23</lei>
        <title>Heineken N.V. EUR1.60</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0000009165"/>
          <ticker value="HEIA"/>
          <other otherDesc="SEDOL" value="7792559"/>
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        <balance>2081.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86516416"/>
        <valUSD>160067.01000000</valUSD>
        <pctVal>0.567753684996</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>Inpex Corp.</name>
        <lei>353800VHYYADPR6MXQ47</lei>
        <title>Inpex Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3294460005"/>
          <ticker value="1605"/>
          <other otherDesc="SEDOL" value="B10RB15"/>
        </identifiers>
        <balance>14200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
        <valUSD>420028.87000000</valUSD>
        <pctVal>1.489831906945</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>Redeia Corporacion S.A.</name>
        <lei>5493009HMD0C90GUV498</lei>
        <title>Redeia Corporacion S.A. EUR0.5</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0173093024"/>
          <ticker value="RED"/>
          <other otherDesc="SEDOL" value="BD6FXN3"/>
        </identifiers>
        <balance>8224.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86516416"/>
        <valUSD>139399.64000000</valUSD>
        <pctVal>0.494447040006</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>Hexagon AB</name>
        <lei>549300WJFW6ILNI4TA80</lei>
        <title>Hexagon AB SER'B'NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0015961909"/>
          <ticker value="HEXAB"/>
          <other otherDesc="SEDOL" value="BNZFHC1"/>
        </identifiers>
        <balance>9000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665000"/>
        <valUSD>87589.06000000</valUSD>
        <pctVal>0.310676207298</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>Allianz SE</name>
        <lei>529900K9B0N5BT694847</lei>
        <title>Allianz SE NPV(REGD)(VINKULIERT)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0008404005"/>
          <ticker value="ALV"/>
          <other otherDesc="SEDOL" value="5231485"/>
        </identifiers>
        <balance>878.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86516416"/>
        <valUSD>370795.75000000</valUSD>
        <pctVal>1.315203260456</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>DCC PLC</name>
        <lei>213800UPS1QEE4TD3T45</lei>
        <title>DCC PLC ORD EUR0.25 (CDI)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IE0002424939"/>
          <ticker value="DCC"/>
          <other otherDesc="SEDOL" value="0242493"/>
        </identifiers>
        <balance>3269.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75551526"/>
        <valUSD>202472.46000000</valUSD>
        <pctVal>0.718164756593</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </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>1190.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.46520000"/>
        <valUSD>287394.83000000</valUSD>
        <pctVal>1.019382281092</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Holcim AG</name>
        <lei>529900EHPFPYHV6IQO98</lei>
        <title>Holcim AG CHF2 (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0012214059"/>
          <ticker value="HOLN"/>
          <other otherDesc="SEDOL" value="7110753"/>
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        <balance>1649.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.79960000"/>
        <valUSD>136309.57000000</valUSD>
        <pctVal>0.483486638925</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>Marubeni Corp.</name>
        <lei>4P4N3ORD02UGQT1T1W12</lei>
        <title>Marubeni Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3877600001"/>
          <ticker value="8002"/>
          <other otherDesc="SEDOL" value="6569464"/>
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        <balance>16000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
        <valUSD>585311.09000000</valUSD>
        <pctVal>2.076083811503</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>Novo Nordisk A/S</name>
        <lei>549300DAQ1CVT6CXN342</lei>
        <title>Novo Nordisk A/S SER'B'DKK0.1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DK0062498333"/>
          <ticker value="NOVOB"/>
          <other otherDesc="SEDOL" value="BP6KMJ1"/>
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        <balance>8183.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.46520000"/>
        <valUSD>299452.76000000</valUSD>
        <pctVal>1.062151457520</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>TERNA - Rete Elettrica Nazionale S.p.A.</name>
        <lei>8156009E94ED54DE7C31</lei>
        <title>TERNA - Rete Elettrica Nazionale S.p.A. ORD EUR0.22</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0003242622"/>
          <ticker value="TRN"/>
          <other otherDesc="SEDOL" value="B01BN57"/>
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        <balance>25597.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86516416"/>
        <valUSD>292763.43000000</valUSD>
        <pctVal>1.038424571151</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Taiwan Semiconductor Manufacturing Co., Ltd.</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>Taiwan Semiconductor Manufacturing Co., Ltd. TWD10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002330008"/>
          <ticker value="2330"/>
          <other otherDesc="SEDOL" value="6889106"/>
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        <balance>15908.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.97000000"/>
        <valUSD>920031.62000000</valUSD>
        <pctVal>3.263329168004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AIA Group Ltd, Hong Kong</name>
        <lei>ZP5ILWVSYE4LJGMMVD57</lei>
        <title>AIA Group Ltd, Hong Kong NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0000069689"/>
          <ticker value="1299"/>
          <other otherDesc="SEDOL" value="B4TX8S1"/>
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        <balance>28200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
        <valUSD>313339.45000000</valUSD>
        <pctVal>1.111407199973</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS Group AG USD0.10 (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0244767585"/>
          <ticker value="UBSG"/>
          <other otherDesc="SEDOL" value="BRJL176"/>
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        <balance>6688.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.79960000"/>
        <valUSD>260787.83000000</valUSD>
        <pctVal>0.925007916901</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>National Australia Bank Ltd.</name>
        <lei>F8SB4JFBSYQFRQEH3Z21</lei>
        <title>National Australia Bank Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000NAB4"/>
          <ticker value="NAB"/>
          <other otherDesc="SEDOL" value="6624608"/>
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        <balance>15947.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.44938038"/>
        <valUSD>461277.68000000</valUSD>
        <pctVal>1.636140405362</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>TotalEnergies SE</name>
        <lei>529900S21EQ1BO4ESM68</lei>
        <title>TotalEnergies SE EUR2.5</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000120271"/>
          <ticker value="TTE"/>
          <other otherDesc="SEDOL" value="B15C557"/>
        </identifiers>
        <balance>6032.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86516416"/>
        <valUSD>553581.58000000</valUSD>
        <pctVal>1.963540032335</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hitachi Ltd.</name>
        <lei>549300T6IPOCDWLKC615</lei>
        <title>Hitachi Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3788600009"/>
          <ticker value="6501"/>
          <other otherDesc="SEDOL" value="6429104"/>
        </identifiers>
        <balance>7100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
        <valUSD>208281.98000000</valUSD>
        <pctVal>0.738770978875</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>Ryohin Keikaku Co Ltd.</name>
        <lei>549300PMNF56J66BY371</lei>
        <title>Ryohin Keikaku Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3976300008"/>
          <ticker value="7453"/>
          <other otherDesc="SEDOL" value="6758455"/>
        </identifiers>
        <balance>19500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
        <valUSD>416122.36000000</valUSD>
        <pctVal>1.475975613584</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>Atlas Copco AB</name>
        <lei>213800T8PC8Q4FYJZR07</lei>
        <title>Atlas Copco AB SER'A'NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0017486889"/>
          <ticker value="ATCOA"/>
          <other otherDesc="SEDOL" value="BLDBN41"/>
        </identifiers>
        <balance>12931.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665000"/>
        <valUSD>228191.12000000</valUSD>
        <pctVal>0.809388201000</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>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-05-21</ncom:dateSigned>
      <ncom:nameOfApplicant>RBC Funds Trust</ncom:nameOfApplicant>
      <ncom:signature>Kathy Hegna </ncom:signature>
      <ncom:signerName>Kathy Hegna </ncom:signerName>
      <ncom:title>Treasurer and Chief Financial Officer - RBC Funds, and Director of Mutual Fund Services | RBC Global Asset Management (U.S.) Inc.</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
