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        <name>Ramsdens Holdings Plc</name>
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      <invstOrSec>
        <name>Yellow Hat Ltd</name>
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        <name>VGP NV</name>
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        <name>Dicker Data Ltd</name>
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        <name>Planisware SA</name>
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        <name>Fevertree Drinks PLC</name>
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        <name>FNM S.p.A.</name>
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        <name>Borussia Dortmund GmbH &amp; Co . KGaA</name>
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        <name>ENERGIXS-RENEWABLE ENERGIES LTD</name>
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        <name>Sligro Food Group NV</name>
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        <name>MITSUI-SOKO HOLDING CO LTD</name>
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        <name>Pluxee NV</name>
        <lei>213800RQNIQT48SEEO85</lei>
        <title>Pluxee NV EUR0.01</title>
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        <name>DEUTSCHE BANK AKTIENGESELLSCHAFT</name>
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        <name>BARCLAYS PLC</name>
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        <name>Ansell Ltd.</name>
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        <title>Ansell Ltd. NPV</title>
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        <name>Kinepolis Group NV</name>
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        <name>Hammerson PLC</name>
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        <name>UBS Securities LLC</name>
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        <name>AUB Group Ltd.</name>
        <lei>5493005X7SUBQF3OEG82</lei>
        <title>AUB Group Ltd. NPV</title>
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        <name>Forterra PLC</name>
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      <invstOrSec>
        <name>prashkovsky investments and construction ltd</name>
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        <fairValLevel>1</fairValLevel>
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        <name>China Aviation Oil</name>
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        <title>China Aviation Oil NPV</title>
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      <invstOrSec>
        <name>Bloomsbury Publish</name>
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        <title>Bloomsbury Publish ORD GBP0.0125</title>
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          <isin value="GB0033147751"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>IVE GROUP LTD</name>
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          <isin value="AU000000IGL0"/>
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        <name>Inrom Construction Industries Ltd</name>
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        <name>BARCLAYS PLC</name>
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        <name>Bank of Nagoya Ltd</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Nolato AB</name>
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        <title>Nolato AB SER'B'NPV</title>
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        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Leopalace21 Corp</name>
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        <title>Leopalace21 Corp NPV</title>
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          <isin value="JP3167500002"/>
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        <name>Matsui Securities Co Ltd.</name>
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        <name>Okamura Corp</name>
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        <title>Okamura Corp NPV</title>
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        <name>CROMWELL PROPERTY GROUP LTD</name>
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        <name>Alumasc Group</name>
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        <name>Kansai Paint Co Ltd.</name>
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        <name>First Resources Ltd.</name>
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        <name>WH Smith PLC</name>
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        <name>Kelsian Group Ltd.</name>
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        <name>Nomura Co Ltd</name>
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        <name>Asanuma Corp</name>
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        <name>Rorze Corp</name>
        <lei>529900ORJHC47686AS71</lei>
        <title>Rorze Corp NPV</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CHUGIN FINANCIAL GROUP INC</name>
        <lei>N/A</lei>
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          <isin value="JP3520700000"/>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Vossloh AG</name>
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          <isin value="DE0007667107"/>
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        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Toho Gas Co Ltd</name>
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          <isin value="JP3600200004"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MOTORCYCLE HOLDINGS LTD</name>
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        <title>Motorcycle Hldgs Limited NPV</title>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Raisio Oyj</name>
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          <isin value="FI0009002943"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CSE Global Ltd</name>
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        <title>CSE Global Ltd NPV</title>
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          <isin value="SG1G47869290"/>
          <ticker value="CSE"/>
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        <assetCat>EC</assetCat>
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        <invCountry>SG</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TEL AVIV STOCK EXCHANGE LTD (THE)</name>
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        <title>Tel Aviv Stock Exchange Ltd NPV</title>
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          <isin value="IL0011590291"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Galliford Try Holdings plc</name>
        <lei>213800MR6DRHCJIV8113</lei>
        <title>Galliford Try Holdings plc ORD GBP0.5</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Calbee Inc.</name>
        <lei>529900CIHZID6O8LJH81</lei>
        <title>Calbee Inc. NPV</title>
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          <isin value="JP3220580009"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Munters Group Ab</name>
        <lei>549300KYCB37YAVUV523</lei>
        <title>Munters Group Ab NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0009806607"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Sisram Medical Ltd</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bilia AB (publ)</name>
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        <title>Bilia AB (publ) SER'A'NPV</title>
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        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Mitsui E&amp;S Co Ltd</name>
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        <title>Mitsui E&amp;S Co Ltd NPV</title>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>BARCLAYS PLC</name>
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      <invstOrSec>
        <name>GWA GROUP LTD</name>
        <lei>N/A</lei>
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        <invCountry>AU</invCountry>
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      <invstOrSec>
        <name>Michelmersh Brick</name>
        <lei>213800CIFQFPAHIQE695</lei>
        <title>Michelmersh Brick ORD GBP0.2</title>
        <cusip>000000000</cusip>
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        <name>IntegraFin Holdings plc</name>
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        <title>IntegraFin Holdings plc ORD GBP0.01</title>
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      <invstOrSec>
        <name>Nabtesco Corp.</name>
        <lei>529900DVHQXYRTGW7739</lei>
        <title>Nabtesco Corp. NPV</title>
        <cusip>000000000</cusip>
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        <name>Warpaint London Plc</name>
        <lei>213800EBJ2CN6KIDCO78</lei>
        <title>Warpaint London Plc ORD GBP0.25</title>
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        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>ELECTRA CONSUMER PRODUCTS (1970) LTD</name>
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        <title>Electra Consumer Products 1970 Ltd. ILS1</title>
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      <invstOrSec>
        <name>Hemnet Group Ab</name>
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      <invstOrSec>
        <name>Betsson AB (publ)</name>
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        <name>Xps Pensions Group Plc</name>
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        <name>CARASSO REAL ESTATE LTD</name>
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        <name>Teijin Ltd</name>
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        <name>Wilh. Wilhelmsen Holding ASA</name>
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      <invstOrSec>
        <name>Super Retail Group Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Jumbo Interactive Ltd.</name>
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        <name>NIPPON SODA CO LTD</name>
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          <isin value="JP3726200003"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Stolt-Nielsen Ltd</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Maas Group Holdings Limited</name>
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      <invstOrSec>
        <name>Takuma Co Ltd</name>
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          <isin value="JP3462600002"/>
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        <name>FP Corp</name>
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        <name>Cohort PLC</name>
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        <name>Heba Fastighets Ab</name>
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        <name>ANYCOLOR INC</name>
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        <title>ANYCOLOR Inc. NPV</title>
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        <name>Musashino Bank Ltd.</name>
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        <name>Yamaguchi Financial Group Inc</name>
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        <name>Ichiyoshi Securities Co Ltd.</name>
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        <name>VTECH HOLDINGS LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Trial Holdings Inc</name>
        <lei>N/A</lei>
        <title>Trial Holdings Inc NPV</title>
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          <isin value="JP3635490000"/>
          <ticker value="141A"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DAH Sing Banking G</name>
        <lei>529900DXBMKJOLLQOM66</lei>
        <title>DAH Sing Banking G NPV</title>
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          <isin value="HK2356013600"/>
          <ticker value="2356"/>
          <other otherDesc="SEDOL" value="B01G0P1"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tinexta SpA</name>
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        <cusip>000000000</cusip>
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          <isin value="IT0005037210"/>
          <ticker value="TNXT"/>
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        <balance>15409.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IT</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Safestore Holdings PLC</name>
        <lei>213800WGA3YSJC1YOH73</lei>
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          <isin value="GB00B1N7Z094"/>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HIROGIN HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>Hirogin Holdings Inc. NPV</title>
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          <isin value="JP3796150005"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Energean PLC</name>
        <lei>549300RVMKU0CYUZBB05</lei>
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          <isin value="GB00BG12Y042"/>
          <ticker value="ENOG"/>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nichiden Corp</name>
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          <isin value="JP3661950000"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JAPAN ELEVATOR SERVICE HOLDINGS CO LTD</name>
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        <title>Japan Elevator Service Hldgs Co Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3389510003"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Automatic Bank Services Ltd</name>
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          <ticker value="SHVA"/>
          <other otherDesc="SEDOL" value="BKC9394"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GB Group Plc</name>
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          <isin value="GB0006870611"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Grainger PLC</name>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Prosegur Cash SA</name>
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        <assetCat>EC</assetCat>
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        <invCountry>ES</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Fuji Seal International Inc</name>
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          <isin value="JP3813800004"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>TAMRON COMPANY LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ElEn Spa</name>
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        <name>Nagase &amp; Co Ltd</name>
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        <name>PALRAM INDUSTRIES (1990) LTD</name>
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        <name>RBC DOMINION SECURITIES INC.</name>
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        <name>Westgold Resources Ltd.</name>
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        <name>Aozora Bank Ltd.</name>
        <lei>X0XUGKC9FD2CYUQNC010</lei>
        <title>Aozora Bank Ltd. NPV</title>
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        <name>AQ Group AB</name>
        <lei>549300CN568MD1JD3E40</lei>
        <title>AQ Group AB NPV</title>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Meitav Investment House Ltd.</name>
        <lei>213800ZFO2DPAZ4UAL65</lei>
        <title>Meitav Investment House Ltd. ILS1</title>
        <cusip>000000000</cusip>
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          <isin value="IL0010818438"/>
          <ticker value="MTAV"/>
          <other otherDesc="SEDOL" value="6141248"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Inwido AB</name>
        <lei>529900A9NKQW5UTHBG13</lei>
        <title>Inwido AB NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0006220018"/>
          <ticker value="INWI"/>
          <other otherDesc="SEDOL" value="BQY78Q0"/>
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        <balance>19789.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>ELCO LTD</name>
        <lei>N/A</lei>
        <title>Elco Ltd. ILS0.25</title>
        <cusip>000000000</cusip>
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          <isin value="IL0006940345"/>
          <ticker value="ELCO"/>
          <other otherDesc="SEDOL" value="6307545"/>
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        <balance>3693.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Norwegian Air Shuttle ASA</name>
        <lei>549300IEUH2FEM2Y6B51</lei>
        <title>Norwegian Air Shuttle ASA NOK0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0010196140"/>
          <ticker value="NAS"/>
          <other otherDesc="SEDOL" value="7742123"/>
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        <balance>727686.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Praemium Ltd</name>
        <lei>529900VN8NJ2AI2EDC32</lei>
        <title>Praemium Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000PPS1"/>
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          <other otherDesc="SEDOL" value="B13YTQ4"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Keihan Holdings Co Ltd</name>
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        <title>Keihan Holdings Co Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3279400000"/>
          <ticker value="9045"/>
          <other otherDesc="SEDOL" value="6487232"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Beijer Alma AB</name>
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        <title>Beijer Alma AB SER'B'NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0011090547"/>
          <ticker value="BEIAB"/>
          <other otherDesc="SEDOL" value="BDZVKR5"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FastPartner AB</name>
        <lei>549300BG6SL5QQ7LQW56</lei>
        <title>FastPartner AB SER'A'NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0013512506"/>
          <ticker value="FPARA"/>
          <other otherDesc="SEDOL" value="BKTNZS2"/>
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        <balance>50846.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nagoya Railroad Co Ltd</name>
        <lei>353800P62OOYUY3I8T51</lei>
        <title>Nagoya Railroad Co Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3649800004"/>
          <ticker value="9048"/>
          <other otherDesc="SEDOL" value="6619864"/>
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        <balance>22900.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AF Gruppen ASA</name>
        <lei>5967007LIEEXZXFU1405</lei>
        <title>AF Gruppen ASA ORD NOK0.05</title>
        <cusip>000000000</cusip>
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          <isin value="NO0003078107"/>
          <ticker value="AFG"/>
          <other otherDesc="SEDOL" value="5714771"/>
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        <balance>22366.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ns United Kaiun Kaisha Ltd</name>
        <lei>353800MK2Y7X2PZGXN23</lei>
        <title>Ns United Kaiun Kaisha Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3385000009"/>
          <ticker value="9110"/>
          <other otherDesc="SEDOL" value="6805005"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nifco Inc</name>
        <lei>353800JMDOH68J9I5140</lei>
        <title>Nifco Inc NPV</title>
        <cusip>654101104</cusip>
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          <isin value="JP3756200006"/>
          <ticker value="7988"/>
          <other otherDesc="SEDOL" value="6639163"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cerillion Plc</name>
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        <title>Cerillion Plc ORD GBP0.005</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BYYX6C66"/>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Humana AB</name>
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        <title>Humana AB NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0008040653"/>
          <ticker value="HUM"/>
          <other otherDesc="SEDOL" value="BYZJ8V6"/>
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        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Aichi Steel Corp.</name>
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        <title>Aichi Steel Corp. NPV</title>
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          <isin value="JP3103600007"/>
          <ticker value="5482"/>
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        <invCountry>JP</invCountry>
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        <name>Tokyo Sanyo Electric Co Ltd</name>
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      <invstOrSec>
        <name>ITO EN LTD</name>
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          <isin value="JP3143000002"/>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>YouGov PLC</name>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>Delek Group Ltd.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IL</invCountry>
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      <invstOrSec>
        <name>Dunelm Group PLC</name>
        <lei>213800WCOWEI3T5DUV19</lei>
        <title>Dunelm Group PLC ORD GBP0.01</title>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <name>TASMEA LTD</name>
        <lei>N/A</lei>
        <title>Tasmea Ltd. NPV</title>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Daishi Hokuetsu Financial Group Inc</name>
        <lei>N/A</lei>
        <title>Daishi Hokuetsu Financial Group Inc NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3483850008"/>
          <ticker value="7327"/>
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        <name>Etablissements Maurel &amp; Prom S.A.</name>
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        <name>Alps Alpine Co Ltd.</name>
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        <name>Vicat SA</name>
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        <name>SUSS MicroTec SE</name>
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        <name>Comfortdelgro Corp Ltd.</name>
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        <name>Nagarro SE</name>
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        <name>Knights Group Holdings Plc</name>
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        <name>Nippon Signal Co Ltd.</name>
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        <name>Noritake Co Ltd</name>
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        <name>Taiheiyo Cement Corp</name>
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        <name>G City Ltd</name>
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        <name>Uniphar PLC</name>
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        <name>The Yamanashi Chuo Bank, Ltd.</name>
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        <name>Ricegrowers Limited</name>
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        <name>Okinawa Financial Group Inc</name>
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        <name>Ferrotec Corp.</name>
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        <name>TOMY CO LTD</name>
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        <name>Alantra Partners SA</name>
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        <name>Breville Group Ltd.</name>
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        <name>Tokai Tokyo Financial Holdings Inc.</name>
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        <name>Pola Orbis Holdings Inc.</name>
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        <name>Pihlajalinna Oyj</name>
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        <name>BARCLAYS PLC</name>
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        <name>Kitz Corp</name>
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      <invstOrSec>
        <name>Bunka Shutter Co., Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tanseisha Co Ltd</name>
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        <name>SALA CORP</name>
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        <name>ASHTROM GROUP LTD</name>
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        <name>Johnson Service Group PLC</name>
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        <name>D/S Norden</name>
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        <name>Wing Tai Holdings</name>
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        <name>Terveystalo Oyj</name>
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        <name>Senko Group Holdings Co Ltd</name>
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        <name>Jupiter Mines Ltd.</name>
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        <name>Keikyu Corp</name>
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        <name>Restar Corp.</name>
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        <name>Premier Foods PLC</name>
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        <name>Procredit Holding AG</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Japan Airport Terminal Co. Ltd.</name>
        <lei>353800W9WEQSGUY2EO26</lei>
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      <invstOrSec>
        <name>Pets At Home Group PLC</name>
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        <name>AZORIM INVESTMENT DEVELOPMENT &amp; COSTRUCTION COMPANY LTD</name>
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        <name>BARCLAYS PLC</name>
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      <invstOrSec>
        <name>Nisshinbo Holdings Inc</name>
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        <title>Nisshinbo Holdings Inc NPV</title>
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          <isin value="JP3678000005"/>
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      <invstOrSec>
        <name>Aktia Bank PLC</name>
        <lei>743700GC62JLHFBUND16</lei>
        <title>Aktia Bank PLC NPV</title>
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        <invCountry>FI</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Clas Ohlson Ab</name>
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        <title>Clas Ohlson Ab SER'B'NPV</title>
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          <isin value="SE0000584948"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Mitsubishi Materials Corp.</name>
        <lei>35380076QOBOSOUBRT89</lei>
        <title>Mitsubishi Materials Corp. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3903000002"/>
          <ticker value="5711"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Iress Ltd.</name>
        <lei>5493006KZJMJI8PQXA35</lei>
        <title>Iress Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000IRE2"/>
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        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Banyan Tree Holdings Ltd</name>
        <lei>254900PU1R3XDPBY5390</lei>
        <title>Banyan Tree Holdings Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SG1T49930665"/>
          <ticker value="BTH"/>
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        <invCountry>SG</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Srg Global Ltd</name>
        <lei>984500DDOA7EBAC95715</lei>
        <title>Srg Global Ltd NPV</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Cobram Estate Olives Ltd.</name>
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        <name>Big Yellow Group PLC</name>
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        <title>Big Yellow Group PLC ORD GBP0.10</title>
        <cusip>000000000</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>T.HASEGAWA CO LTD</name>
        <lei>N/A</lei>
        <title>THasegawa Co NPV</title>
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          <isin value="JP3768500005"/>
          <ticker value="4958"/>
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        <invCountry>JP</invCountry>
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        <name>Granges AB</name>
        <lei>5493006UG44TYSIXOB13</lei>
        <title>Granges AB NPV</title>
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        <name>Corbion NV</name>
        <lei>724500BKS1TSAVLTWG46</lei>
        <title>Corbion NV EUR0.25</title>
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        <name>DAIICHIKOSHO COMPANY LTD</name>
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        <name>Loomis AB</name>
        <lei>213800NS2XXVRYS7WP40</lei>
        <title>Loomis AB NPV</title>
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        <name>Isramco Negev 2 LP</name>
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        <name>Zotefoams PLC</name>
        <lei>213800B6P256B5XN8D32</lei>
        <title>Zotefoams PLC ORD GBP0.05</title>
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        <name>GS Yuasa Corp.</name>
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        <title>GS Yuasa Corp. NPV</title>
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        <name>SpareBank 1 Ostlandet</name>
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        <name>Hang Lung Group Ltd.</name>
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        <name>Plus500 Ltd.</name>
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        <name>Lintec Corp.</name>
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        <name>Everplay Group plc</name>
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        <name>SIA Engineering Co</name>
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        <name>Takara Holdings Inc.</name>
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        <name>Konoike Transport Co Ltd.</name>
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        <name>SURUGA Bank Ltd.</name>
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        <name>Comet Holdings AG</name>
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        <name>DCM Holdings Co Ltd.</name>
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        <name>Daio Paper Corp.</name>
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        <name>Brunel International NV</name>
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        <name>KOTOBUKI SPIRITS COMPANY LTD</name>
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        <name>Monex Group, Inc.</name>
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        <name>James Halstead Plc</name>
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        <name>Kiyo Bank Ltd</name>
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        <name>FAES Farma SA</name>
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        <name>Miroku Jyoho Service Co Ltd</name>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>MADER GROUP LTD</name>
        <lei>N/A</lei>
        <title>Mader Group Limited NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000056269"/>
          <ticker value="MAD"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Avon Technologies PLC</name>
        <lei>213800JM1AN62REBWA71</lei>
        <title>Avon Technologies PLC ORD GBP1</title>
        <cusip>000000000</cusip>
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          <isin value="GB0000667013"/>
          <ticker value="AVON"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TIV TAAM HOLDINGS 1 LTD</name>
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          <isin value="IL0001030100"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Eurocell Plc</name>
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          <isin value="GB00BVV2KN49"/>
          <ticker value="ECEL"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>IWAICOSMO HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>Iwaicosmo Hldgs Inc NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3149950002"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CKD CORP</name>
        <lei>N/A</lei>
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          <isin value="JP3346800000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>YAMABIKO CORP</name>
        <lei>N/A</lei>
        <title>Yamabiko Corporation NPV</title>
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          <isin value="JP3943000004"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FIRST BANK OF TOYAMA LTD (THE)</name>
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        <title>The First Bank Of Toyama Ltd NPV</title>
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          <isin value="JP3632150003"/>
          <ticker value="7184"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ASHOT ASHKELON INDUSTRIES LTD</name>
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        <title>Ashot Ashkelon Industries Ltd. ILS1</title>
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          <isin value="IL0003120172"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sakata Inx Corp</name>
        <lei>N/A</lei>
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          <isin value="JP3314800008"/>
          <ticker value="4633"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Shaver Shop Group Ltd</name>
        <lei>N/A</lei>
        <title>Shaver Shop Group Ltd NPV</title>
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          <isin value="AU000000SSG4"/>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DEXERIALS CORP</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Brooks Macdonald Group PLC</name>
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        <name>Nikkon Holdings Co Ltd</name>
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        <name>Kokuyo Co Ltd</name>
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        <name>OKINAWA CELLULAR TELEPHONE CO</name>
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        <name>DIP CORP</name>
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        <name>KLN LOGISTICS GROUP LTD</name>
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        <name>Gestamp Automocion S A</name>
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        <name>CIVMEC LTD</name>
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        <title>Civmec Singapore Ltd. NPV</title>
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        <name>The Nanto Bank, Ltd.</name>
        <lei>353800923E4YW3IDES52</lei>
        <title>The Nanto Bank, Ltd. NPV</title>
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      <invstOrSec>
        <name>Nojima Corp</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UNIVERSAL STORE HOLDINGS LTD</name>
        <lei>N/A</lei>
        <title>Universal Store Holdings Ltd. NPV</title>
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          <isin value="AU0000113565"/>
          <ticker value="UNI"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Fila S.p.A</name>
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        <title>Fila S.p.A NPV</title>
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          <isin value="IT0004967292"/>
          <ticker value="FILA"/>
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        <invCountry>IT</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ion Beam Applications SA</name>
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        <title>Ion Beam Applications SA NPV</title>
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          <isin value="BE0003766806"/>
          <ticker value="IBAB"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Porr AG</name>
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        <title>Porr AG NPV</title>
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          <isin value="AT0000609607"/>
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        <invCountry>AT</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>INFICON Holding AG</name>
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          <isin value="CH1431598916"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Veidekke ASA</name>
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        <title>Veidekke ASA NOK0.50</title>
        <cusip>000000000</cusip>
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          <isin value="NO0005806802"/>
          <ticker value="VEI"/>
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        <assetCat>EC</assetCat>
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        <invCountry>NO</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FUNAI SOKEN HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>Funai Soken Holdings Incorporated NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3825800000"/>
          <ticker value="9757"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JustSystems Corp.</name>
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        <title>JustSystems Corp. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3388450003"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NICHIAS CORP</name>
        <lei>N/A</lei>
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          <isin value="JP3660400007"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nippon Light Metal Holdings Co Ltd.</name>
        <lei>353800J9KCFJSF2CGT47</lei>
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        <cusip>000000000</cusip>
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          <isin value="JP3700200003"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>WISDOMTREE GOVERNMENT MONEY MARKET DIGITAL FUND</name>
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          <ticker value="WTGXX"/>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Autobacs Seven Co Ltd</name>
        <lei>5299006NCUSCPURTQB07</lei>
        <title>Autobacs Seven Co Ltd NPV</title>
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          <isin value="JP3172500005"/>
          <ticker value="9832"/>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>Rank Group PLC</name>
        <lei>213800TXKD6XZWOFTE12</lei>
        <title>Rank Group PLC ORD GBP0.1388888</title>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>MORINAGA &amp; CO. LTD</name>
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        <name>Moreld ASA</name>
        <lei>6488UNV33KXZ9498L870</lei>
        <title>Moreld ASA NOK0.10</title>
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        <name>Tokai Carbon Co Ltd.</name>
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        <name>Coats Group PLC</name>
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        <name>Mersen SA</name>
        <lei>OQXDLNM5DTBULYMF5U27</lei>
        <title>Mersen SA EUR2</title>
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        <invCountry>FR</invCountry>
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      <invstOrSec>
        <name>DMG Mori Co Ltd.</name>
        <lei>353800P4I3FIXTQV2E13</lei>
        <title>DMG Mori Co Ltd. NPV</title>
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        <name>Ninety One PLC</name>
        <lei>549300G0TJCT3K15ZG14</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Heiwado Co Ltd</name>
        <lei>N/A</lei>
        <title>Heiwado Co Ltd NPV</title>
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        <name>Izumi Co Ltd</name>
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        <name>Sumitomo Osaka Cement Co Ltd</name>
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        <name>Alzchem Group Ag</name>
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        <name>Data 3 Ltd.</name>
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        <name>Fuller Smith &amp; Turner PLC</name>
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        <name>Yonex Co Ltd</name>
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        <name>EM Systems Co Ltd</name>
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        <name>Hong Leong Asia Limited</name>
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        <name>Are Holdings Inc.</name>
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        <name>Nippon Parking Development Co.Ltd.</name>
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        <name>Lisi SA</name>
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        <name>Ezaki Glico Co., Ltd.</name>
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        <name>Ariake Japan Co Ltd</name>
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        <name>Iwatani Corp.</name>
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        <title>Iwatani Corp. NPV</title>
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        <name>KSH Holdings Ltd</name>
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        <name>Taihei Dengyo Kaisha Ltd</name>
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        <name>Taiyo Yuden Co Ltd.</name>
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        <name>Oue Ltd.</name>
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        <name>Waypoint Reit Ltd.</name>
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        <name>Proact It Group</name>
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        <name>Elementis PLC</name>
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        <name>Befesa SA</name>
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        <name>WIIT S.p.A.</name>
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        <name>INABA DENKISANGYO CO LTD</name>
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          <isin value="JP3146200005"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Louis Hachette Group</name>
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        <title>Louis Hachette Group EUR0.2</title>
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        <name>Dream Intl</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Tuan Sing Holdings Limited</name>
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        <title>Tuan Sing Holdings Limited NPV</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Mcmillan Shakespeare Ltd.</name>
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          <isin value="AU000000MMS5"/>
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        <name>CENTURIA CAPITAL LTD</name>
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        <name>Seino Holdings Co Ltd.</name>
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        <name>Apac Realty Ltd</name>
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        <name>MEDITR TOWER</name>
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        <name>Ovs S.P.A</name>
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        <name>Landis &amp; Gyr Group AG</name>
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        <name>Food Empire Holdings Ltd</name>
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        <name>Barco NV</name>
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        <name>Restore Plc</name>
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        <name>Aica Kogyo Co Ltd.</name>
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        <name>MEGMILK SNOW BRAND COMPANY LTD</name>
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        <name>SMARTONE TELECOMMUNICATIONS HOLDINGS LTD</name>
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      <invstOrSec>
        <name>UMS INTEGRATION LTD</name>
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      <invstOrSec>
        <name>DAINICHISEIKA COLOUR &amp; CHEMICALS MFG CO LTD</name>
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        <title>Dainichiseika Colour &amp; Chemicals Mfg Ltd NPV</title>
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          <isin value="JP3492200005"/>
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      <invstOrSec>
        <name>Marimekko Oyj</name>
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      <invstOrSec>
        <name>Sky Perfect Jsat Corp.</name>
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          <isin value="JP3396350005"/>
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        <name>Glory Ltd</name>
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        <name>Hilan Ltd</name>
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        <invCountry>IL</invCountry>
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        <name>Citizen Watch Co Ltd</name>
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          <isin value="JP3352400000"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>OEM International AB</name>
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          <isin value="SE0017766843"/>
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        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WELLNEO SUGAR COMPANY (NISSIN SUGAR CO LTD)</name>
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        <title>Wellneo Sugar Co Ltd. NPV</title>
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          <isin value="JP3676600004"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>KEIO CORP</name>
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          <isin value="JP3277800003"/>
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      <invstOrSec>
        <name>Hysan Development Co Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>HEALTH &amp; HAPPINESS INTERNATIONAL HOLDINGS LTD</name>
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        <name>Transcosmos Inc</name>
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        <name>Imdex Ltd.</name>
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        <name>Cash Converters Intrnational Limited</name>
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        <name>San-Ai Obbli Co Ltd</name>
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        <name>EXEO GROUP INC</name>
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        <name>TAG Immobilien AG</name>
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        <name>Friedrich Vorwerk Group SE</name>
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        <name>The Property Franchise Group Inc</name>
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        <title>The Property Franchise Group Inc ORD GBP0.01</title>
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        <name>Fonix PLC</name>
        <lei>213800GBZCWQ7HR2ZE92</lei>
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        <name>Luceco Plc</name>
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        <name>Linea Directa Aseguradora S.A.</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Essentra PLC</name>
        <lei>5493007MOZNA03BVNE96</lei>
        <title>Essentra PLC ORD GBP0.25</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B0744359"/>
          <ticker value="ESNT"/>
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        <balance>135861.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Eckert &amp; Ziegler SE</name>
        <lei>391200EUDABLUKXCKG48</lei>
        <title>Eckert &amp; Ziegler SE NPV (BR)</title>
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        <identifiers>
          <isin value="DE0005659700"/>
          <ticker value="EUZ"/>
          <other otherDesc="SEDOL" value="5689857"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PROPEL FUNERAL PARTNERS LTD</name>
        <lei>N/A</lei>
        <title>Propel Funeral Partners Limited NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000PFP8"/>
          <ticker value="PFP"/>
          <other otherDesc="SEDOL" value="BYWQNJ3"/>
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        <balance>49434.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DOF Group ASA</name>
        <lei>213800GIV9N2A714T434</lei>
        <title>DOF Group ASA 8.125% SNR NTS USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0012851874"/>
          <ticker value="DOFG"/>
          <other otherDesc="SEDOL" value="BQWSKZ8"/>
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        <balance>178435.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Edion Corp</name>
        <lei>353800697NBCW7EAHZ97</lei>
        <title>Edion Corp NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3164470001"/>
          <ticker value="2730"/>
          <other otherDesc="SEDOL" value="6512714"/>
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        <balance>15400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.09000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Origin Enterprises PLC</name>
        <lei>213800AIB4U7N5BLS350</lei>
        <title>Origin Enterprises PLC ORD EUR0.01</title>
        <cusip>000000000</cusip>
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          <isin value="IE00B1WV4493"/>
          <ticker value="OGN"/>
          <other otherDesc="SEDOL" value="B1YC2Y6"/>
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        <balance>64050.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Volution Group PLC</name>
        <lei>213800EPT84EQCDHO768</lei>
        <title>Volution Group PLC ORD GBP0.01</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BN3ZZ526"/>
          <ticker value="FAN"/>
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        <balance>42139.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Keller Group PLC</name>
        <lei>549300QO4MBL43UHSN10</lei>
        <title>Keller Group PLC ORD GBP0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0004866223"/>
          <ticker value="KLR"/>
          <other otherDesc="SEDOL" value="0486622"/>
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        <balance>27249.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Multiconsult ASA</name>
        <lei>5967007LIEEXZXG9GO07</lei>
        <title>Multiconsult ASA NOK0.50</title>
        <cusip>000000000</cusip>
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          <isin value="NO0010734338"/>
          <ticker value="MULTI"/>
          <other otherDesc="SEDOL" value="BWWBXN8"/>
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        <balance>19601.00000000</balance>
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        <pctVal>0.075564003477</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Aspen Group Limited ( Australia)</name>
        <lei>529900EO4LDRP0T6V445</lei>
        <title>Aspen Group Limited ( Australia) STAPLED NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000APZ8"/>
          <ticker value="APZ"/>
          <other otherDesc="SEDOL" value="6361057"/>
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        <balance>74094.00000000</balance>
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        <pctVal>0.053428981829</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Aixtron SE</name>
        <lei>5299004UJ4D51M25LD67</lei>
        <title>Aixtron SE ORD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000A0WMPJ6"/>
          <ticker value="AIXA"/>
          <other otherDesc="SEDOL" value="5468346"/>
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        <balance>19745.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Inghams Group Ltd.</name>
        <lei>529900ZZ4VRHSGVBNE41</lei>
        <title>Inghams Group Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000ING6"/>
          <ticker value="ING"/>
          <other otherDesc="SEDOL" value="BZCNHW2"/>
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        <balance>277709.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>S Foods Inc</name>
        <lei>N/A</lei>
        <title>S Foods Inc NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3399300007"/>
          <ticker value="2292"/>
          <other otherDesc="SEDOL" value="6838584"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nihon Kohden Corp</name>
        <lei>N/A</lei>
        <title>Nihon Kohden Corp NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3706800004"/>
          <ticker value="6849"/>
          <other otherDesc="SEDOL" value="6639970"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Revo Insurance</name>
        <lei>815600BF2EA41687F764</lei>
        <title>Revo Insurance NPV</title>
        <cusip>000000000</cusip>
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          <isin value="IT0005513202"/>
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          <other otherDesc="SEDOL" value="BP5J9L0"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IT</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GALILEI CO LTD</name>
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          <isin value="JP3805150004"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Klaveness Combination Carriers Asa</name>
        <lei>213800ZFB2MQM3JA6K52</lei>
        <title>Klaveness Combination Carriers Asa NOK1</title>
        <cusip>000000000</cusip>
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          <isin value="NO0010833262"/>
          <ticker value="KCC"/>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>AJ Bell PLC</name>
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        <title>AJ Bell PLC ORD GBP0.000125</title>
        <cusip>000000000</cusip>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Kaufman &amp; Broad SA</name>
        <lei>969500CE0X343D8ALO86</lei>
        <title>Kaufman &amp; Broad SA EUR0.26</title>
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        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Nichols</name>
        <lei>213800EF5CMR3K8PND54</lei>
        <title>Nichols ORD GBP0.10</title>
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          <isin value="GB0006389398"/>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Datalogic Spa</name>
        <lei>815600A033443037ED66</lei>
        <title>Datalogic Spa EUR0.52</title>
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        <assetCat>EC</assetCat>
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        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Atea ASA</name>
        <lei>5967007LIEEXZXINVS13</lei>
        <title>Atea ASA NOK1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0004822503"/>
          <ticker value="ATEA"/>
          <other otherDesc="SEDOL" value="B12TR11"/>
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        <balance>50404.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.74095000"/>
        <valUSD>731666.38000000</valUSD>
        <pctVal>0.168563498687</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dowa Holdings Co Ltd.</name>
        <lei>353800ZSQZKFE140A689</lei>
        <title>Dowa Holdings Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3638600001"/>
          <ticker value="5714"/>
          <other otherDesc="SEDOL" value="6278306"/>
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        <balance>9800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.09000000"/>
        <valUSD>538079.07000000</valUSD>
        <pctVal>0.123964272637</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CRYSTAL INTERNATIONAL GROUP LTD</name>
        <lei>N/A</lei>
        <title>Crystal International Group Limited HKD0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG2701R1011"/>
          <ticker value="2232"/>
          <other otherDesc="SEDOL" value="BF09MJ4"/>
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        <balance>1261500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84020000"/>
        <valUSD>933228.74000000</valUSD>
        <pctVal>0.215000040715</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hoegh Autoliners ASA</name>
        <lei>549300D7GNMPKTA4HD46</lei>
        <title>Hoegh Autoliners ASA NOK1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0011082075"/>
          <ticker value="HAUTO"/>
          <other otherDesc="SEDOL" value="BMFDP24"/>
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        <balance>220149.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.74095000"/>
        <valUSD>3139190.34000000</valUSD>
        <pctVal>0.723216101246</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Card Factory PLC</name>
        <lei>213800TTSOPFVCKPFQ11</lei>
        <title>Card Factory PLC ORD GBP0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BLY2F708"/>
          <ticker value="CARD"/>
          <other otherDesc="SEDOL" value="BLY2F70"/>
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        <balance>252318.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75832300"/>
        <valUSD>211284.54000000</valUSD>
        <pctVal>0.048676367063</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>G-7 Holdings Inc</name>
        <lei>N/A</lei>
        <title>G-7 Holdings Inc NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3172450003"/>
          <ticker value="7508"/>
          <other otherDesc="SEDOL" value="6034188"/>
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        <balance>3200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.09000000"/>
        <valUSD>26973.41000000</valUSD>
        <pctVal>0.006214215228</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FUJI COMPANY LTD (EHIME)</name>
        <lei>N/A</lei>
        <title>Fuji Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3807400001"/>
          <ticker value="8278"/>
          <other otherDesc="SEDOL" value="6356246"/>
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        <balance>6100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.09000000"/>
        <valUSD>80022.00000000</valUSD>
        <pctVal>0.018435708761</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Greggs PLC</name>
        <lei>213800I71QMUFJ64IW20</lei>
        <title>Greggs PLC ORD GBP0.02</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B63QSB39"/>
          <ticker value="GRG"/>
          <other otherDesc="SEDOL" value="B63QSB3"/>
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        <balance>38638.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75832300"/>
        <valUSD>775487.96000000</valUSD>
        <pctVal>0.178659245936</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="76729.91588020"/>
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      </invstOrSec>
      <invstOrSec>
        <name>DENTSU SOKEN INC</name>
        <lei>N/A</lei>
        <title>Dentsu Soken Inc. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3551530003"/>
          <ticker value="4812"/>
          <other otherDesc="SEDOL" value="6295974"/>
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        <balance>20200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.09000000"/>
        <valUSD>250135.14000000</valUSD>
        <pctVal>0.057626885006</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>Duratec Ltd</name>
        <lei>984500585DA5E5BD0678</lei>
        <title>Duratec Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000109159"/>
          <ticker value="DUR"/>
          <other otherDesc="SEDOL" value="BKS9J23"/>
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        <balance>138203.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.46006700"/>
        <valUSD>241370.88000000</valUSD>
        <pctVal>0.055607748457</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pal Group Holdings Co Ltd</name>
        <lei>N/A</lei>
        <title>Pal Group Holdings Co Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3781650001"/>
          <ticker value="2726"/>
          <other otherDesc="SEDOL" value="6421898"/>
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        <balance>23460.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.09000000"/>
        <valUSD>213674.90000000</valUSD>
        <pctVal>0.049227065381</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>
        <name>Kaga Electronics Co Ltd.</name>
        <lei>3538005V2HARHWLTPJ42</lei>
        <title>Kaga Electronics Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3206200002"/>
          <ticker value="8154"/>
          <other otherDesc="SEDOL" value="6480758"/>
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        <balance>12400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.09000000"/>
        <valUSD>287610.79000000</valUSD>
        <pctVal>0.066260637836</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Lsl Property Services PLC</name>
        <lei>213800T4VM5VR3C7S706</lei>
        <title>Lsl Property Services PLC ORD GBP0.002</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B1G5HX72"/>
          <ticker value="LSL"/>
          <other otherDesc="SEDOL" value="B1G5HX7"/>
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        <balance>71852.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75832300"/>
        <valUSD>211295.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Macnica Holdings Inc</name>
        <lei>N/A</lei>
        <title>Macnica Holdings Inc NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3862960006"/>
          <ticker value="3132"/>
          <other otherDesc="SEDOL" value="BVVQ8X2"/>
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        <balance>42500.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.09000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>C&amp;C Group</name>
        <lei>635400LNUHA2LDXXV850</lei>
        <title>C&amp;C Group ORD EUR0.01 (CDI)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IE00B010DT83"/>
          <ticker value="CCR"/>
          <other otherDesc="SEDOL" value="B010DT8"/>
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        <balance>177822.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PostNL NV</name>
        <lei>724500Q41FHN0P1GPC53</lei>
        <title>PostNL NV EUR0.08</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0009739416"/>
          <ticker value="PNL"/>
          <other otherDesc="SEDOL" value="5481558"/>
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        <balance>376729.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86790500"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NSK Ltd</name>
        <lei>353800FVQK6SULSPBC69</lei>
        <title>NSK Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3720800006"/>
          <ticker value="6471"/>
          <other otherDesc="SEDOL" value="6641544"/>
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        <balance>165500.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.09000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Valqua Ltd</name>
        <lei>N/A</lei>
        <title>Valqua Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3744200001"/>
          <ticker value="7995"/>
          <other otherDesc="SEDOL" value="6643625"/>
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        <balance>1600.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.09000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JAC RECRUITMENT COMPANY LTD</name>
        <lei>N/A</lei>
        <title>Jac Recruitment Co Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3386130003"/>
          <ticker value="2124"/>
          <other otherDesc="SEDOL" value="B1CC1X0"/>
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        <balance>37400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.09000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NP3 Fastigheter AB (publ)</name>
        <lei>549300MGVITW8GYJHZ50</lei>
        <title>NP3 Fastigheter AB (publ) NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0006342333"/>
          <ticker value="NP3"/>
          <other otherDesc="SEDOL" value="BT6SSF1"/>
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        <balance>14343.00000000</balance>
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        <currencyConditional curCd="SEK" exchangeRt="9.52625000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sogefi SpA</name>
        <lei>5493005HPJ40IY377O47</lei>
        <title>Sogefi SpA EUR0.52</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0000076536"/>
          <ticker value="SGF"/>
          <other otherDesc="SEDOL" value="4820668"/>
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        <balance>122479.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86790500"/>
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        <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>
        <name>Vstecs Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Vstecs Holdings Ltd HKD0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG9400C1116"/>
          <ticker value="856"/>
          <other otherDesc="SEDOL" value="6527031"/>
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        <balance>392000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84020000"/>
        <valUSD>425489.15000000</valUSD>
        <pctVal>0.098025468626</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Ratos AB (publ)</name>
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      <invstOrSec>
        <name>Equita Group S</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PACIFIC BASIN SHIPPING LTD</name>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hokuriku Electric Power Company Inc</name>
        <lei>353800Z4ZNGBULYR8W57</lei>
        <title>Hokuriku Electric Power Company Inc NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3845400005"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Industrie De Nora S.p.A</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Bodycote Plc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Compagnie des Alpes SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Netlink Nbn Trust</name>
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          <ticker value="NETLINK"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Mony Group PLC</name>
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          <isin value="GB00B1ZBKY84"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>ROUND ONE CORP</name>
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          <isin value="JP3966800009"/>
          <ticker value="4680"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>TOKYO KIRABOSHI FINANCIAL GROUP INC</name>
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        <title>Tokyo Kiraboshi Financial Gp Inc NPV</title>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Kid ASA</name>
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        <name>Toho Holdings Co Ltd.</name>
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        <title>Toho Holdings Co Ltd. NPV</title>
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        <name>CREATE SD HOLDINGS COMPANY LTD</name>
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        <title>Create Sd Holdings NPV</title>
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        <name>NIB Holdings Ltd.</name>
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        <name>Bravida Holding AB</name>
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        <name>OBJECTIVE CORP LTD</name>
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        <name>Itochu Enex Co Ltd</name>
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        <title>Itochu Enex Co Ltd NPV</title>
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        <name>Ambea Ab (Publ)</name>
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        <name>KUREHA CORP</name>
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        <title>Kureha Corp. NPV</title>
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        <name>Hafnia Ltd.</name>
        <lei>5493001KCFT0SCGJ2647</lei>
        <title>Hafnia Ltd. USD0.01</title>
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        <name>Reach Subsea Asa</name>
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      <invstOrSec>
        <name>MCJ COMPANY LTD</name>
        <lei>N/A</lei>
        <title>MCJ Co Ltd NPV</title>
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          <isin value="JP3167420003"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LUK FOOK HOLDINGS (INTERNATIONAL) LTD</name>
        <lei>529900U7PECBLERIIX44</lei>
        <title>Luk Fook Holdings (International) Limited HKD0.10</title>
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          <isin value="BMG5695X1258"/>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ARCS COMPANY LTD</name>
        <lei>N/A</lei>
        <title>Arcs Company Limited NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3968600001"/>
          <ticker value="9948"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Casio Computer Co Ltd</name>
        <lei>353800JRMIABSXKHV344</lei>
        <title>Casio Computer Co Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3209000003"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JPMorgan Chase Bank, National Association</name>
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        <cusip>000000000</cusip>
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          <ticker value="N/A"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CEMENTIR HOLDING NV</name>
        <lei>8156008B101B97A43B02</lei>
        <title>Cementir Holding N.V. EUR1</title>
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        <invCountry>NL</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Exosens SA</name>
        <lei>969500R3AKTPEDO9EG76</lei>
        <title>Exosens SA EUR0.425</title>
        <cusip>000000000</cusip>
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          <isin value="FR001400Q9V2"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Centurion Corp Ltd</name>
        <lei>N/A</lei>
        <title>Centurion Corp Ltd NPV</title>
        <cusip>000000000</cusip>
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          <ticker value="CENT"/>
          <other otherDesc="SEDOL" value="B631Q03"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>SG</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>iFAST Corporation Ltd.</name>
        <lei>254900R8J6BPHWK23Z14</lei>
        <title>iFAST Corporation Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SG1AF5000000"/>
          <ticker value="IFAST"/>
          <other otherDesc="SEDOL" value="BTDY3B3"/>
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        <assetCat>EC</assetCat>
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        <invCountry>SG</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Harworth Group Plc</name>
        <lei>213800R8JSSGK2KPFG21</lei>
        <title>Harworth Group Plc ORD GBP0.1</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BYZJ7G42"/>
          <ticker value="HWG"/>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Barr(Ag)</name>
        <lei>213800QWTXXXF8BNEC87</lei>
        <title>Barr(Ag) ORD GBP0.04167</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B6XZKY75"/>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Relo Group Inc</name>
        <lei>353800T595XRZDA8IB59</lei>
        <title>Relo Group Inc NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3755200007"/>
          <ticker value="8876"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Phc Holdings Corporation</name>
        <lei>3538001U3W83EUYS3187</lei>
        <title>Phc Holdings Corporation NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3801300009"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CMC Markets PLC</name>
        <lei>213800VB75KAZBFH5U07</lei>
        <title>CMC Markets PLC ORD GBP0.25</title>
        <cusip>000000000</cusip>
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        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>Ferretti S.p.A.</name>
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        <title>Ferretti S.p.A. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="IT0005383291"/>
          <ticker value="YACHT"/>
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        <name>GAS Plus Spa</name>
        <lei>815600CF7B5169BBF109</lei>
        <title>GAS Plus Spa NPV</title>
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          <isin value="IT0004098510"/>
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        <name>ARYT INDUSTRIES LTD</name>
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        <title>Aryt Industries Ltd. ILS0.01</title>
        <cusip>000000000</cusip>
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        <name>JTC PLC</name>
        <lei>213800DVUG4KLF2ASK33</lei>
        <title>JTC PLC ORD GBP0.01</title>
        <cusip>000000000</cusip>
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        <invCountry>JE</invCountry>
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        <name>Nippn Corporation</name>
        <lei>353800V7HRZ1HQGJCW63</lei>
        <title>Nippn Corporation NPV</title>
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          <isin value="JP3723000000"/>
          <ticker value="2001"/>
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        <invCountry>JP</invCountry>
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        <name>OSB Group PLC</name>
        <lei>213800ZBKL9BHSL2K459</lei>
        <title>OSB Group PLC ORD GBP0.01</title>
        <cusip>000000000</cusip>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Deutz AG</name>
        <lei>5299005DETTV58V2PP63</lei>
        <title>Deutz AG NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE0006305006"/>
          <ticker value="DEZ"/>
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        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Magellan Financial Group Ltd.</name>
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          <isin value="AU000000MFG4"/>
          <ticker value="MFG"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>OKUMA CORP</name>
        <lei>N/A</lei>
        <title>Okuma Corporation NPV</title>
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          <isin value="JP3172100004"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Troax Group AB</name>
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          <isin value="SE0012729366"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Fiera Milano</name>
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          <isin value="IT0003365613"/>
          <ticker value="FM"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EVI LTD</name>
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        <cusip>000000000</cusip>
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          <isin value="AU000000EVT1"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ferrari Group PLC</name>
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        <title>Ferrari Group PLC ORD EUR1</title>
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          <isin value="GB00BN0VZ646"/>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Norconsult ASA</name>
        <lei>635400VFBLRSFRXLGQ03</lei>
        <title>Norconsult ASA NOK0.02</title>
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          <isin value="NO0013052209"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>NO</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Pharma Mar SA</name>
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        <title>Pharma Mar SA EUR0.6 POST CONSOLIDATION</title>
        <cusip>000000000</cusip>
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          <isin value="ES0169501022"/>
          <ticker value="PHM"/>
          <other otherDesc="SEDOL" value="BMW2GT8"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>ES</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hargreaves Service</name>
        <lei>213800O17BER1SHMH466</lei>
        <title>Hargreaves Service ORD GBP0.10</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B0MTC970"/>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PZ Cussons PLC</name>
        <lei>XB3CXKKKED7OMV80FY35</lei>
        <title>PZ Cussons PLC ORD GBP0.01</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B19Z1432"/>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>France Bed Holdings Co. Ltd.</name>
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        <title>France Bed Holdings Co. Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3826500005"/>
          <ticker value="7840"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Palfinger AG</name>
        <lei>529900IFAV83BX8O1O91</lei>
        <title>Palfinger AG NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AT0000758305"/>
          <ticker value="PAL"/>
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        <assetCat>EC</assetCat>
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        <invCountry>AT</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hexpol AB</name>
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        <name>NTN Corp</name>
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          <isin value="JP3165600002"/>
          <ticker value="6472"/>
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        <name>Acomo NV</name>
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        <title>Acomo NV EUR0.45</title>
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        <invCountry>NL</invCountry>
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        <name>North Pacific Bank Ltd.</name>
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        <name>Chugoku Electric Power Co Inc</name>
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        <title>Chugoku Electric Power Co Inc NPV</title>
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        <name>Implenia AG</name>
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        <name>Prima Meat Packers Ltd.</name>
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        <name>Nitto Kogyo Corp</name>
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        <name>Perenti Ltd.</name>
        <lei>25490044GUNE4S2E6K11</lei>
        <title>Perenti Ltd. NPV</title>
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        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Forfarmers Nv</name>
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        <name>AudioCodes Ltd.</name>
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        <name>RBC DOMINION SECURITIES INC.</name>
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        <name>Orora Ltd.</name>
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        <name>Hokuetsu Corporation</name>
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        <name>Catena AB</name>
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        <name>Takara Standard Co Ltd</name>
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        <name>RYODEN CORP</name>
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        <name>Billerud AB</name>
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        <name>Keystone Law Group Plc</name>
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        <name>Note Ab</name>
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        <name>HEIWA REAL ESTATE CO LTD</name>
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        <name>Lovisa Holdings Ltd.</name>
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        <name>Digital Value Spa</name>
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        <name>Tabcorp Holdings Ltd.</name>
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        <name>AMP Ltd.</name>
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        <name>On The Beach Group PLC</name>
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        <name>Yokorei Co Ltd</name>
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        <name>Bumitama Agri Ltd</name>
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        <name>Itoham Yonekyu Holdings Inc</name>
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        <name>DIC Corp.</name>
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        <name>Boot(Henry)</name>
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        <name>Wihlborgs Fastigheter AB</name>
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        <name>HUTCHISON TELECOMMUNICATIONS HONG KONG HOLDINGS LTD</name>
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        <name>Tessenderlo Group N.V.</name>
        <lei>549300ZKLIF7RP6EH823</lei>
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        <name>Kyokuto Kaihatsu Kogyo Co Ltd</name>
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        <name>TACHIBANA ELETECH COMPANY LTD</name>
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        <name>Nippon Kayaku Co Ltd</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Garofalo Health Care Spa</name>
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      <invstOrSec>
        <name>Sesa S.p.A. (Gia/ Made In Italy 1 SpA)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Wereldhave NV</name>
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        <name>MLP Se</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ODFJELL DRILLING LTD</name>
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          <isin value="BMG671801022"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GL Events SA</name>
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        <cusip>000000000</cusip>
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          <isin value="FR0000066672"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Delta Galil Industries Ltd.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>VBG Group AB</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Rvrc Holding Ab</name>
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        <cusip>000000000</cusip>
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          <isin value="SE0015962485"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Elmos Semiconductor Se</name>
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        <name>Kumagai Gumi Co Ltd</name>
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        <name>Kanematsu Corp</name>
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        <name>Nohmi Bosai Ltd</name>
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        <name>Peab AB</name>
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        <name>Genuit Group PLC</name>
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        <name>Alerion Cleanpower</name>
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        <name>Elecnor SA</name>
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        <name>Secure Trust Bank PLC</name>
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        <name>NEW Wave Group Ab</name>
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        <name>SHIBAURA MECHATRONICS CORP</name>
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        <title>Shibaura Mechatronics Corporation NPV</title>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Pullup Entertainment</name>
        <lei>969500GLMRELZ61HJS76</lei>
        <title>Pullup Entertainment EUR1.2</title>
        <cusip>000000000</cusip>
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          <isin value="FR0012419307"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>ADEKA CORP</name>
        <lei>N/A</lei>
        <title>Adeka Corporation NPV</title>
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          <isin value="JP3114800000"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Zinzino Ab</name>
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          <isin value="SE0002480442"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Regis Resources Ltd.</name>
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        <title>Regis Resources Ltd. NPV</title>
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          <isin value="AU000000RRL8"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ARB Corp. (New)</name>
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          <isin value="AU000000ARB5"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Scandic Hotels Group AB</name>
        <lei>529900JY9ZBGUXGRKQ86</lei>
        <title>Scandic Hotels Group AB NPV</title>
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          <isin value="SE0007640156"/>
          <ticker value="SHOT"/>
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        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Adairs Limited</name>
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        <title>Adairs Limited NPV</title>
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          <isin value="AU000000ADH2"/>
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          <other otherDesc="SEDOL" value="BYYT7Q5"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>RAMI LEVI CHAIN STORES HASHIKMA MARKETING 2006 LTD</name>
        <lei>N/A</lei>
        <title>Rami Levi Chain Stores Hashikma Marketing 2006 Limited ILS0.01</title>
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          <isin value="IL0011042491"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sanlorenzo S.p.A.</name>
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        <title>Sanlorenzo S.p.A. NPV</title>
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          <isin value="IT0003549422"/>
          <ticker value="SL"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Mutares SE &amp; Co. KGaA</name>
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        <title>Mutares SE &amp; Co. KGaA NPV (REG)</title>
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          <ticker value="MUX"/>
          <other otherDesc="SEDOL" value="BFYG8K4"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>LANCASHIRE HOLDINGS LTD</name>
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        <title>Lancashire Holdings Limited COM SHS USD0.50</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PPHE HOTEL GROUP LTD</name>
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        <title>PPHE Hotel Group Ltd. ORD NPV</title>
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        <assetCat>EC</assetCat>
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        <invCountry>GG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>FUJIMI INC</name>
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          <isin value="JP3820900003"/>
          <ticker value="5384"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PARK 24 Co Ltd.</name>
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          <isin value="JP3780100008"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Young &amp; Co's Brewery PLC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Discoverie Group PLC</name>
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        <name>Systemair AB</name>
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      <invstOrSec>
        <name>SHIN-ETSU POLYMER CO LTD</name>
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        <assetCat>EC</assetCat>
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        <name>Bufab Ab</name>
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        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Leroy Seafood Group ASA</name>
        <lei>5967007LIEEXZXJ2JK50</lei>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Next 15 Group PLC</name>
        <lei>213800BK9MBUZUUPMZ63</lei>
        <title>Next 15 Group PLC ORD GBP0.025</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UT GROUP CO LTD</name>
        <lei>N/A</lei>
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        <name>Nissin Foods Company Ltd</name>
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        <name>More Provident Funds Ltd</name>
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        <name>Telecom Plus PLC</name>
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        <name>Engcon AB</name>
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        <name>Gmo Financial Holdings Inc</name>
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        <name>Rusta AB (Publ)</name>
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        <name>Martifer Sgps Sa</name>
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        <name>CTT Correios de Portugal SA</name>
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        <name>PREMIER INVESTMENTS LTD</name>
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        <name>AISAN INDUSTRY CO LTD</name>
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        <name>SIRIUS REAL ESTATE LTD</name>
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        <name>Wacker Neuson SE</name>
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        <name>Keppel Infrastructure Trust</name>
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        <title>Keppel Infrastructure Trust WEF 2015</title>
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        <name>Shibaura Machine Co Ltd</name>
        <lei>529900T7KEXD7VGOFO59</lei>
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        <name>Havas NV</name>
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        <name>MYSTATE LTD</name>
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        <name>Bonduelle SA</name>
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        <name>Nine Entertainment Co Holdings Ltd.</name>
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        <name>Deceuninck</name>
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        <title>Deceuninck NPV</title>
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          <isin value="BE0003789063"/>
          <ticker value="DECB"/>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>JAPAN INVESTMENT ADVISER CO LTD</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <isin value="JP3389470000"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bando Chemical Industries Ltd</name>
        <lei>N/A</lei>
        <title>Bando Chemical Industries Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3779000003"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nissui Corporation</name>
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          <isin value="JP3718800000"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Dts Corporation</name>
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        <cusip>000000000</cusip>
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          <isin value="JP3548500002"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ingenia Communities Group</name>
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          <isin value="AU000000INA9"/>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Synsam AB</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Australian Ethical Investment Ltd.</name>
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          <isin value="AU000000AEF4"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Victorian Plumbing Group Plc</name>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Borregaard ASA</name>
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        <assetCat>EC</assetCat>
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        <name>Alleima AB</name>
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        <name>MAX Co Ltd</name>
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        <name>LHN LTD</name>
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        <name>Paypoint PLC</name>
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        <name>Regal Partners Ltd</name>
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        <name>Bekaert SA</name>
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        <name>Morgan Advanced Materials PLC</name>
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        <name>Kamei Corp</name>
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        <name>Hunting PLC</name>
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        <name>UBS Securities LLC</name>
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        <name>Elixirr International Plc</name>
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        <name>Kyokuyo Co Ltd</name>
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        <name>Oxford Instruments PLC</name>
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        <name>Sheng Siong Group Ltd</name>
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        <name>Basic Net Spa</name>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sumitomo Heavy Industries Ltd</name>
        <lei>353800VSTEIRMBC3S374</lei>
        <title>Sumitomo Heavy Industries Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3405400007"/>
          <ticker value="6302"/>
          <other otherDesc="SEDOL" value="6858731"/>
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        <balance>29600.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.09000000"/>
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        <pctVal>0.201806764025</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Austin Engineering Ltd.</name>
        <lei>549300PTFWS21NJC2396</lei>
        <title>Austin Engineering Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000ANG3"/>
          <ticker value="ANG"/>
          <other otherDesc="SEDOL" value="6710615"/>
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        <balance>905687.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.46006700"/>
        <valUSD>102350.34000000</valUSD>
        <pctVal>0.023579778808</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Israel Canada T.R Ltd.</name>
        <lei>984500FA8AEA2CE5RB18</lei>
        <title>Israel Canada T.R Ltd. ILS1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0004340191"/>
          <ticker value="ISCN"/>
          <other otherDesc="SEDOL" value="6742629"/>
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        <balance>38363.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.15750000"/>
        <valUSD>212743.03000000</valUSD>
        <pctVal>0.049012378371</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>REGIS HEALTHCARE LTD</name>
        <lei>N/A</lei>
        <title>Regis Healthcare Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000REG6"/>
          <ticker value="REG"/>
          <other otherDesc="SEDOL" value="BQV68F9"/>
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        <balance>86735.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.46006700"/>
        <valUSD>365933.62000000</valUSD>
        <pctVal>0.084304886708</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NETO MALINDA TRADING LTD</name>
        <lei>N/A</lei>
        <title>Neto Malinda ILS1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0011050973"/>
          <ticker value="NTML"/>
          <other otherDesc="SEDOL" value="B3CR0Y3"/>
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        <balance>13722.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.15750000"/>
        <valUSD>669694.44000000</valUSD>
        <pctVal>0.154286216974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="36993.76088683"/>
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      <invstOrSec>
        <name>UACJ Corporation</name>
        <lei>353800GO7FBE4RSRH831</lei>
        <title>UACJ Corporation NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3826900007"/>
          <ticker value="5741"/>
          <other otherDesc="SEDOL" value="B0N9WZ2"/>
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        <balance>29600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.09000000"/>
        <valUSD>429236.28000000</valUSD>
        <pctVal>0.098888743692</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Macfarlane Group</name>
        <lei>213800LVRYDERSJAAZ73</lei>
        <title>Macfarlane Group ORD GBP0.25</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0005518872"/>
          <ticker value="MACF"/>
          <other otherDesc="SEDOL" value="0551887"/>
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        <balance>162582.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75832300"/>
        <valUSD>141073.08000000</valUSD>
        <pctVal>0.032500839980</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nokian Renkaat Oyj (Nokia Tyres)</name>
        <lei>743700YQIO8Y4L4WKR40</lei>
        <title>Nokian Renkaat Oyj (Nokia Tyres) NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FI0009005318"/>
          <ticker value="TYRES"/>
          <other otherDesc="SEDOL" value="B07G378"/>
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        <balance>50144.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86790500"/>
        <valUSD>525183.01000000</valUSD>
        <pctVal>0.120993239592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="525172.53616475"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Vertu Motors PLC</name>
        <lei>213800GIKJEIUIGMI575</lei>
        <title>Vertu Motors PLC ORD GBP0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B1GK4645"/>
          <ticker value="VTU"/>
          <other otherDesc="SEDOL" value="B1GK464"/>
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        <balance>220415.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75832300"/>
        <valUSD>168292.79000000</valUSD>
        <pctVal>0.038771798543</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Intea Fastigheter AB (publ)</name>
        <lei>549300KD3XGX3754UW61</lei>
        <title>Intea Fastigheter AB (publ) NPV B</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0017072259"/>
          <ticker value="INTEAB"/>
          <other otherDesc="SEDOL" value="BQ3QQ53"/>
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        <balance>27566.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.52625000"/>
        <valUSD>202702.88000000</valUSD>
        <pctVal>0.046699298451</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TOA Corp (CONST)</name>
        <lei>353800AT816JCLZ5WD63</lei>
        <title>TOA Corp (CONST) NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3556000002"/>
          <ticker value="1885"/>
          <other otherDesc="SEDOL" value="6894508"/>
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        <balance>46700.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="159.09000000"/>
        <valUSD>893843.11000000</valUSD>
        <pctVal>0.205926260954</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Chesnara PLC</name>
        <lei>213800VFRMBRTSZ3SJ06</lei>
        <title>Chesnara PLC ORD GBP0.05</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B00FPT80"/>
          <ticker value="CSN"/>
          <other otherDesc="SEDOL" value="B00FPT8"/>
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        <balance>171343.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75832300"/>
        <valUSD>678979.43000000</valUSD>
        <pctVal>0.156425320865</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Savills PLC</name>
        <lei>213800WXICGMBWHTA933</lei>
        <title>Savills PLC ORD GBP0.025</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B135BJ46"/>
          <ticker value="SVS"/>
          <other otherDesc="SEDOL" value="B135BJ4"/>
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        <balance>43986.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75832300"/>
        <valUSD>477955.49000000</valUSD>
        <pctVal>0.110112821654</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sparebanken Norge AS</name>
        <lei>213800M7T3CYVZ3ZRT12</lei>
        <title>Sparebanken Norge AS NOK25 GRUNNFONDSBEVIS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0006000900"/>
          <ticker value="SBNOR"/>
          <other otherDesc="SEDOL" value="4780290"/>
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        <balance>69030.00000000</balance>
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        <valUSD>1413914.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Atalaya Mining Copper SA</name>
        <lei>N/A</lei>
        <title>Atalaya Mining Copper SA ORD EUR0.09 (CDI)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CY0106002112"/>
          <ticker value="ATYMGBP"/>
          <other otherDesc="SEDOL" value="BYZTVM8"/>
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        <balance>24833.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75832300"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MAN GROUP PLC</name>
        <lei>2549003YWC1DW6LALB09</lei>
        <title>Man Group PLC (New) ORD USD0.0342857142</title>
        <cusip>000000000</cusip>
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          <isin value="JE00BJ1DLW90"/>
          <ticker value="EMG"/>
          <other otherDesc="SEDOL" value="BJ1DLW9"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Abacus Group</name>
        <lei>N/A</lei>
        <title>Abacus Group NPV (STAPLED)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000291882"/>
          <ticker value="ABG"/>
          <other otherDesc="SEDOL" value="BQV4PB8"/>
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        <balance>574994.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>SERIA COMPANY LTD</name>
        <lei>N/A</lei>
        <title>Seria Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3423520000"/>
          <ticker value="2782"/>
          <other otherDesc="SEDOL" value="6680718"/>
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        <balance>9000.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Workspace Group PLC</name>
        <lei>2138003GUZRFIN3UT430</lei>
        <title>Workspace Group PLC ORD GBP1</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B67G5X01"/>
          <ticker value="WKP"/>
          <other otherDesc="SEDOL" value="B67G5X0"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Stella Chemifa Corp</name>
        <lei>529900413RCXZ2LOEY81</lei>
        <title>Stella Chemifa Corp NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3399720006"/>
          <ticker value="4109"/>
          <other otherDesc="SEDOL" value="6175582"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Partner Communications Company Ltd.</name>
        <lei>529900P1P6RZ1NC37U33</lei>
        <title>Partner Communications Company Ltd. ILS0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0010834849"/>
          <ticker value="PTNR"/>
          <other otherDesc="SEDOL" value="6374420"/>
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        <balance>65721.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Retailors Ltd.</name>
        <lei>2549006QHZTQOYRBB695</lei>
        <title>Retailors Ltd. NPV</title>
        <cusip>000000000</cusip>
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        <name>BTG Consulting PLC</name>
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          <other otherDesc="SEDOL" value="BVY6FS3"/>
        </identifiers>
        <balance>47093.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.86790500"/>
        <valUSD>68910.89000000</valUSD>
        <pctVal>0.015875897859</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="68909.43133178"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DELFI LTD</name>
        <lei>N/A</lei>
        <title>Delfi Limited NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1Q25921608"/>
          <ticker value="DELFI"/>
          <other otherDesc="SEDOL" value="B039445"/>
        </identifiers>
        <balance>357700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29015000"/>
        <valUSD>262005.58000000</valUSD>
        <pctVal>0.060361632634</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Miura Co Ltd</name>
        <lei>3538005VS7UNWU9PHX56</lei>
        <title>Miura Co Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3880800002"/>
          <ticker value="6005"/>
          <other otherDesc="SEDOL" value="6597777"/>
        </identifiers>
        <balance>17000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.09000000"/>
        <valUSD>331900.18000000</valUSD>
        <pctVal>0.076464160558</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>Maruzen Showa Unyu Co Ltd</name>
        <lei>N/A</lei>
        <title>Maruzen Showa Unyu Co Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3876000005"/>
          <ticker value="9068"/>
          <other otherDesc="SEDOL" value="6569624"/>
        </identifiers>
        <balance>4300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.09000000"/>
        <valUSD>222176.13000000</valUSD>
        <pctVal>0.051185604288</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-06-01</ncom:dateSigned>
      <ncom:nameOfApplicant>WisdomTree Trust</ncom:nameOfApplicant>
      <ncom:signature>Clint Martin</ncom:signature>
      <ncom:signerName>Clint Martin</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
