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      <invstOrSec>
        <name>Lindab International AB</name>
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      <invstOrSec>
        <name>AudioCodes Ltd.</name>
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        <name>Ambea Ab (Publ)</name>
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          <isin value="SE0009663826"/>
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      <invstOrSec>
        <name>KYUSHU FINANCIAL GROUP INC</name>
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        <title>Kyushu Financial Group Inc. NPV</title>
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          <isin value="JP3246500007"/>
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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>DIC Corp.</name>
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        <title>DIC Corp. NPV</title>
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          <isin value="JP3493400000"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Husqvarna AB</name>
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          <isin value="SE0001662230"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DENTSU SOKEN INC</name>
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        <title>Dentsu Soken Inc. NPV</title>
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          <isin value="JP3551530003"/>
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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>TOKAI HOLDINGS CORP</name>
        <lei>N/A</lei>
        <title>Tokai Hldgs Corp NPV</title>
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          <isin value="JP3552260006"/>
          <ticker value="3167"/>
          <other otherDesc="SEDOL" value="B3SF9N3"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>NETO MALINDA TRADING LTD</name>
        <lei>N/A</lei>
        <title>Neto Malinda ILS1</title>
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          <isin value="IL0011050973"/>
          <ticker value="NTML"/>
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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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        <name>Keppel Infrastructure Trust</name>
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        <title>Keppel Infrastructure Trust WEF 2015</title>
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          <isin value="SG1U48933923"/>
          <ticker value="KIT"/>
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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>Monex Group, Inc.</name>
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        <name>SHIBAURA MECHATRONICS CORP</name>
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        <title>Shibaura Mechatronics Corporation NPV</title>
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          <isin value="JP3355000005"/>
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        <name>Nohmi Bosai Ltd</name>
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      <invstOrSec>
        <name>Spire Healthcare Group PLC</name>
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        <name>Orsero SPA</name>
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        <invCountry>IT</invCountry>
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        <name>Penta-Ocean Construction Co Ltd.</name>
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        <name>Vstecs Holdings Ltd</name>
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        <name>Tabcorp Holdings Ltd.</name>
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        <title>Tabcorp Holdings Ltd. NPV</title>
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        <name>Valor Holdings Co Ltd</name>
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        <title>Valor Holdings Co Ltd NPV</title>
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        <name>AISAN INDUSTRY CO LTD</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>Central Glass Co Ltd</name>
        <lei>N/A</lei>
        <title>Central Glass Co Ltd NPV</title>
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          <ticker value="4044"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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      </invstOrSec>
      <invstOrSec>
        <name>Nichols</name>
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          <isin value="GB0006389398"/>
          <ticker value="NICL"/>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Wallenstam AB</name>
        <lei>21380081R2P9MKFQBD25</lei>
        <title>Wallenstam AB SER'B'NPV</title>
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          <isin value="SE0017780133"/>
          <ticker value="WALLB"/>
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        <balance>180027.00000000</balance>
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        <valUSD>771416.05000000</valUSD>
        <pctVal>0.079021248630</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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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"/>
          <ticker value="6952"/>
          <other otherDesc="SEDOL" value="6178967"/>
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        <balance>129700.00000000</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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      <invstOrSec>
        <name>Nippon Gas Co Ltd</name>
        <lei>549300N3DC5V2XON9C60</lei>
        <title>Nippon Gas Co Ltd NPV</title>
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        <identifiers>
          <isin value="JP3695600001"/>
          <ticker value="8174"/>
          <other otherDesc="SEDOL" value="6640068"/>
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        <balance>94900.00000000</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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      <invstOrSec>
        <name>PZ Cussons PLC</name>
        <lei>XB3CXKKKED7OMV80FY35</lei>
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        <cusip>000000000</cusip>
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          <isin value="GB00B19Z1432"/>
          <ticker value="PZC"/>
          <other otherDesc="SEDOL" value="B19Z143"/>
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        <balance>613448.00000000</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>
      <invstOrSec>
        <name>Befesa SA</name>
        <lei>222100VXGA8L6J4ZWG61</lei>
        <title>Befesa SA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="LU1704650164"/>
          <ticker value="BFSA"/>
          <other otherDesc="SEDOL" value="BDZRDG3"/>
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        <balance>22544.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86790500"/>
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        <pctVal>0.077376379861</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tamar Petroleum Ltd</name>
        <lei>N/A</lei>
        <title>Tamar Petroleum Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0011413577"/>
          <ticker value="TMRP"/>
          <other otherDesc="SEDOL" value="BDC3QV0"/>
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        <balance>58867.00000000</balance>
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        <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>
        <name>Totech Corp</name>
        <lei>N/A</lei>
        <title>Totech Corp NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3595300009"/>
          <ticker value="9960"/>
          <other otherDesc="SEDOL" value="6900096"/>
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        <balance>32700.00000000</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JAPAN TRANSCITY CORP</name>
        <lei>N/A</lei>
        <title>Japan Transcity Corporation NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3739600009"/>
          <ticker value="9310"/>
          <other otherDesc="SEDOL" value="6986386"/>
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        <balance>36300.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Halfords Group PLC</name>
        <lei>54930086FKBWWJIOBI79</lei>
        <title>Halfords Group PLC ORD GBP0.01</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B012TP20"/>
          <ticker value="HFD"/>
          <other otherDesc="SEDOL" value="B012TP2"/>
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        <balance>396681.00000000</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>KUREHA CORP</name>
        <lei>N/A</lei>
        <title>Kureha Corp. NPV</title>
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          <isin value="JP3271600003"/>
          <ticker value="4023"/>
          <other otherDesc="SEDOL" value="6497907"/>
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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>Mirait One Corporation</name>
        <lei>353800RI3EZVEIDAEL62</lei>
        <title>Mirait One Corporation NPV</title>
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          <isin value="JP3910620008"/>
          <ticker value="1417"/>
          <other otherDesc="SEDOL" value="B64KR62"/>
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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>Xps Pensions Group Plc</name>
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          <isin value="GB00BDDN1T20"/>
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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>Kid ASA</name>
        <lei>5967007LIEEXZXH53K17</lei>
        <title>Kid ASA NOK1.20</title>
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          <isin value="NO0010743545"/>
          <ticker value="KID"/>
          <other otherDesc="SEDOL" value="BYPK5G3"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AICHI FINANCIAL GROUP INC</name>
        <lei>N/A</lei>
        <title>Aichi Financial Group Inc. NPV</title>
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          <isin value="JP3104790005"/>
          <ticker value="7389"/>
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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>Kamei Corp</name>
        <lei>N/A</lei>
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          <isin value="JP3219400003"/>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>Grainger PLC</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>TOKYO KIRABOSHI FINANCIAL GROUP INC</name>
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        <title>Tokyo Kiraboshi Financial Gp Inc NPV</title>
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          <ticker value="7173"/>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>SUNEVISION HOLDINGS LTD</name>
        <lei>N/A</lei>
        <title>SUNeVision Holdings Ltd. HKD0.10</title>
        <cusip>000000000</cusip>
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          <ticker value="1686"/>
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        <assetCat>EC</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Mitsubishi Materials Corp.</name>
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        <title>Mitsubishi Materials Corp. NPV</title>
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          <isin value="JP3903000002"/>
          <ticker value="5711"/>
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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>Breville Group Ltd.</name>
        <lei>529900MM4WH0KSB3KW37</lei>
        <title>Breville Group Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000BRG2"/>
          <ticker value="BRG"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Dai-Dan Co Ltd</name>
        <lei>N/A</lei>
        <title>Dai-Dan Co Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3486000007"/>
          <ticker value="1980"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Loomis AB</name>
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        <cusip>000000000</cusip>
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          <isin value="SE0014504817"/>
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          <other otherDesc="SEDOL" value="BMVB566"/>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SpareBank 1 Ostlandet</name>
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        <title>SpareBank 1 Ostlandet NOK50 GRUNNFONDSBEVIS</title>
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          <isin value="NO0010751910"/>
          <ticker value="SPOL"/>
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        <invCountry>NO</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Kurimoto Ltd</name>
        <lei>N/A</lei>
        <title>Kurimoto Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3270800000"/>
          <ticker value="5602"/>
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        <payoffProfile>Long</payoffProfile>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bekaert SA</name>
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        <title>Bekaert SA NPV</title>
        <cusip>000000000</cusip>
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          <isin value="BE0974258874"/>
          <ticker value="BEKB"/>
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        <assetCat>EC</assetCat>
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        <invCountry>BE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PROPNEX LTD</name>
        <lei>N/A</lei>
        <title>Propnex Limited NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SGXE65086469"/>
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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>Matsui Securities Co Ltd.</name>
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        <title>Matsui Securities Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3863800003"/>
          <ticker value="8628"/>
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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>Vicat SA</name>
        <lei>9695009YI1863TOVDP79</lei>
        <title>Vicat SA EUR4</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000031775"/>
          <ticker value="VCT"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SHO-BOND HOLDINGS COMPANY LTD</name>
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        <title>Sho-Bond Holdings Co Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3360250009"/>
          <ticker value="1414"/>
          <other otherDesc="SEDOL" value="B29T1W0"/>
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        <balance>125700.00000000</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>LIBRA INSURANCE CO LTD</name>
        <lei>N/A</lei>
        <title>Libra Insurance Company Ltd ILS0.01</title>
        <cusip>000000000</cusip>
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          <isin value="IL0011769812"/>
          <ticker value="LBRA"/>
          <other otherDesc="SEDOL" value="BMD2H38"/>
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        <balance>84240.00000000</balance>
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        <currencyConditional curCd="ILS" exchangeRt="3.15750000"/>
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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>
        <name>Waypoint Reit Ltd.</name>
        <lei>5493003CS5K82RREKA54</lei>
        <title>Waypoint Reit Ltd. NPV (STAPLED)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000088064"/>
          <ticker value="WPR"/>
          <other otherDesc="SEDOL" value="BLBQ285"/>
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        <balance>1120846.00000000</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>DAIICHIKOSHO COMPANY LTD</name>
        <lei>N/A</lei>
        <title>Daiichikosho Co., Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3475200006"/>
          <ticker value="7458"/>
          <other otherDesc="SEDOL" value="6253132"/>
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        <balance>39400.00000000</balance>
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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>Rank Group PLC</name>
        <lei>213800TXKD6XZWOFTE12</lei>
        <title>Rank Group PLC ORD GBP0.1388888</title>
        <cusip>000000000</cusip>
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          <ticker value="RNK"/>
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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>NSK Ltd</name>
        <lei>353800FVQK6SULSPBC69</lei>
        <title>NSK Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3720800006"/>
          <ticker value="6471"/>
          <other otherDesc="SEDOL" value="6641544"/>
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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>Senko Group Holdings Co Ltd</name>
        <lei>35380077MB9W0NB6BA14</lei>
        <title>Senko Group Holdings Co Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3423800006"/>
          <ticker value="9069"/>
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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>Gmo Financial Holdings Inc</name>
        <lei>N/A</lei>
        <title>Gmo Financial Holdings Inc NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3386550002"/>
          <ticker value="7177"/>
          <other otherDesc="SEDOL" value="BVVQ8T8"/>
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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>RELIANCE WORLDWIDE CORP LTD</name>
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        <title>Reliance Worldwide Corp Ltd. NPV</title>
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          <isin value="AU000000RWC7"/>
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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>Hokuriku Electric Power Company Inc</name>
        <lei>353800Z4ZNGBULYR8W57</lei>
        <title>Hokuriku Electric Power Company Inc NPV</title>
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          <isin value="JP3845400005"/>
          <ticker value="9505"/>
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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>YUASA CO LTD</name>
        <lei>N/A</lei>
        <title>Yuasa Co. Ltd. NPV</title>
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          <isin value="JP3945200008"/>
          <ticker value="8074"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>Collins Food Ltd.</name>
        <lei>529900SNO1ZIFF0A2094</lei>
        <title>Collins Food Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000CKF7"/>
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        <invCountry>AU</invCountry>
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      <invstOrSec>
        <name>Nick Scali Ltd.</name>
        <lei>9845001BZF7580DX6460</lei>
        <title>Nick Scali Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000NCK1"/>
          <ticker value="NCK"/>
          <other otherDesc="SEDOL" value="B00VZV8"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Itochu Enex Co Ltd</name>
        <lei>549300WO21DGCU3JY132</lei>
        <title>Itochu Enex Co Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3144000001"/>
          <ticker value="8133"/>
          <other otherDesc="SEDOL" value="6467825"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>More Provident Funds Ltd</name>
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        <name>Seven Bank Ltd.</name>
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        <name>CVS Group PLC</name>
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        <name>Hysan Development Co Ltd.</name>
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        <name>WISDOMTREE GOVERNMENT MONEY MARKET DIGITAL FUND</name>
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        <name>Yonex Co Ltd</name>
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        <name>Louis Hachette Group</name>
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        <name>Focusrite Plc</name>
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        <name>Plus500 Ltd.</name>
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        <name>Lec Inc</name>
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        <name>STARTS CORP INC</name>
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        <name>Umios Corp.</name>
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        <name>Sotetsu Holdings Inc</name>
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        <name>Bando Chemical Industries Ltd</name>
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        <name>Keller Group PLC</name>
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        <name>Kusuri No Aoki Holdings Co Ltd</name>
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        <name>Partner Communications Company Ltd.</name>
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        <name>Elmos Semiconductor Se</name>
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        <name>Elecnor SA</name>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>ABC Arbitrage SA</name>
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        <title>ABC Arbitrage SA EUR0.016</title>
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          <isin value="FR0004040608"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Pal Group Holdings Co Ltd</name>
        <lei>N/A</lei>
        <title>Pal Group Holdings Co Ltd NPV</title>
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          <isin value="JP3781650001"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hyakujushi Bank Ltd. (The)</name>
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          <isin value="JP3794200000"/>
          <ticker value="8386"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nifco Inc</name>
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        <title>Nifco Inc NPV</title>
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          <isin value="JP3756200006"/>
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          <other otherDesc="SEDOL" value="6639163"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Landis &amp; Gyr Group AG</name>
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        <title>Landis &amp; Gyr Group AG CHF10 (REGD)</title>
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          <isin value="CH0371153492"/>
          <ticker value="LAND"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GPI S.p.A.</name>
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        <title>GPI S.p.A. NPV</title>
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          <isin value="IT0005221517"/>
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          <other otherDesc="SEDOL" value="BD3H5P8"/>
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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>PACIFIC BASIN SHIPPING LTD</name>
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        <title>Pacific Basin Shipping Ltd. USD0.01</title>
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          <isin value="BMG684371393"/>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MAX Co Ltd</name>
        <lei>N/A</lei>
        <title>MAX Co Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3864800002"/>
          <ticker value="6454"/>
          <other otherDesc="SEDOL" value="6574220"/>
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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>Granges AB</name>
        <lei>5493006UG44TYSIXOB13</lei>
        <title>Granges AB NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0006288015"/>
          <ticker value="GRNG"/>
          <other otherDesc="SEDOL" value="BRJ3BP0"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>OPEN UP GROUP INC</name>
        <lei>N/A</lei>
        <title>Open Up Group Inc. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3635580008"/>
          <ticker value="2154"/>
          <other otherDesc="SEDOL" value="B1XC021"/>
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        <balance>36300.00000000</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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      <invstOrSec>
        <name>Aztech Global Ltd</name>
        <lei>N/A</lei>
        <title>Aztech Global Ltd NPV ORD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SGXE54866863"/>
          <ticker value="AZTECH"/>
          <other otherDesc="SEDOL" value="BMFZSZ4"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Takuma Co Ltd</name>
        <lei>N/A</lei>
        <title>Takuma Co Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3462600002"/>
          <ticker value="6013"/>
          <other otherDesc="SEDOL" value="6870768"/>
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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>OSB Group PLC</name>
        <lei>213800ZBKL9BHSL2K459</lei>
        <title>OSB Group PLC ORD GBP0.01</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BLDRH360"/>
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          <other otherDesc="SEDOL" value="BLDRH36"/>
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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>Data 3 Ltd.</name>
        <lei>529900WW6OYX86LFDA80</lei>
        <title>Data 3 Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000DTL4"/>
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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>The Nisshin OilliO Group Ltd.</name>
        <lei>549300DMFXTY70ZEGQ59</lei>
        <title>The Nisshin OilliO Group Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3677200002"/>
          <ticker value="2602"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>Greencore Group PLC</name>
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        <title>Greencore Group PLC ORD GBP0.01 (CDI)</title>
        <cusip>000000000</cusip>
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        <invCountry>IE</invCountry>
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      <invstOrSec>
        <name>SERVCORP LTD</name>
        <lei>N/A</lei>
        <title>Servcorp NPV</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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      <invstOrSec>
        <name>Baltic Classifieds Group PLC</name>
        <lei>213800I1RPHCFSSQS969</lei>
        <title>Baltic Classifieds Group PLC ORD GBP0.01</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Mizuno Corp</name>
        <lei>353800HVH84K5YH37819</lei>
        <title>Mizuno Corp NPV</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>Jupiter Mines Ltd.</name>
        <lei>254900OFKP9ZQXBCHE19</lei>
        <title>Jupiter Mines Ltd. NPV</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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      <invstOrSec>
        <name>prashkovsky investments and construction ltd</name>
        <lei>N/A</lei>
        <title>prashkovsky investments and construction ltd ILS0.01</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>DOF Group ASA</name>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Mitsubishi Logistics Corp</name>
        <lei>529900GJKGNRLQBJUH32</lei>
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          <isin value="JP3902000003"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bulten AB</name>
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        <cusip>000000000</cusip>
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          <isin value="SE0003849223"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Venture Corp Ltd.</name>
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        <title>Venture Corp Ltd. NPV</title>
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          <isin value="SG0531000230"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Vertu Motors PLC</name>
        <lei>213800GIKJEIUIGMI575</lei>
        <title>Vertu Motors PLC ORD GBP0.10</title>
        <cusip>000000000</cusip>
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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>Fleetwood Ltd.</name>
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        <title>Fleetwood Ltd. ORD NPV</title>
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          <isin value="AU000000FWD0"/>
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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>Centurion Corp Ltd</name>
        <lei>N/A</lei>
        <title>Centurion Corp Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SG2D51973063"/>
          <ticker value="CENT"/>
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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>IWAICOSMO HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>Iwaicosmo Hldgs Inc NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3149950002"/>
          <ticker value="8707"/>
          <other otherDesc="SEDOL" value="B0WGLX5"/>
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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>KATO SANGYO CO LTD</name>
        <lei>N/A</lei>
        <title>Kato Sangyo Co NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3213300001"/>
          <ticker value="9869"/>
          <other otherDesc="SEDOL" value="6484181"/>
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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>Bumitama Agri Ltd</name>
        <lei>529900BOE6UQFFDNZR10</lei>
        <title>Bumitama Agri Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SG2E67980267"/>
          <ticker value="BAL"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ADV Med Solutions</name>
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        <title>ADV Med Solutions ORD GBP0.05</title>
        <cusip>000000000</cusip>
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          <isin value="GB0004536594"/>
          <ticker value="AMS"/>
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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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        <name>Relo Group Inc</name>
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        <title>Relo Group Inc NPV</title>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nomura Co Ltd</name>
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          <isin value="JP3762400004"/>
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        <name>TKC CORP</name>
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        <name>Fonix PLC</name>
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        <name>Ratos AB (publ)</name>
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        <name>H.U. Group Holdings Inc</name>
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        <name>Austevoll Seafood ASA</name>
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        <name>MORROW BANK AB</name>
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        <name>Cancom SE</name>
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        <name>UACJ Corporation</name>
        <lei>353800GO7FBE4RSRH831</lei>
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        <name>MLP Se</name>
        <lei>529900M25NF9TALIWQ20</lei>
        <title>MLP Se NPV</title>
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      <invstOrSec>
        <name>HAKUHODO DY HOLDINGS INC</name>
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          <isin value="JP3766550002"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Alps Alpine Co Ltd.</name>
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          <isin value="JP3126400005"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UMS INTEGRATION LTD</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BTG Consulting PLC</name>
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          <isin value="GB00B0305S97"/>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>OPmobility</name>
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          <isin value="FR0000124570"/>
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        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Taiheiyo Cement Corp</name>
        <lei>N/A</lei>
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          <isin value="JP3449020001"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Yamazen Corp</name>
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        <title>Yamazen Corp NPV</title>
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          <isin value="JP3936800006"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AQ Group 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>Systemair AB</name>
        <lei>529900RK1R6HF8KKOI20</lei>
        <title>Systemair AB NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0016609499"/>
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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>FUTURE CORP</name>
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          <isin value="JP3826200002"/>
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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>KYORIN PHARMACEUTICAL INC</name>
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          <isin value="JP3247090008"/>
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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>Arjo AB (Publ)</name>
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        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EM Systems Co Ltd</name>
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          <isin value="JP3130200003"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Industrie De Nora S.p.A</name>
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        <invCountry>IT</invCountry>
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        <name>H2O Retailing Corp</name>
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        <name>GB Group Plc</name>
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        <name>Dts Corporation</name>
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        <name>NANKAI CO LTD</name>
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        <name>Barr(Ag)</name>
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        <name>HUTCHISON TELECOMMUNICATIONS HONG KONG HOLDINGS LTD</name>
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        <title>Hutchison Tel Hk H HKD0.25</title>
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        <name>Nippon Electric Glass Co Ltd</name>
        <lei>529900NCIGSAX4V03234</lei>
        <title>Nippon Electric Glass Co Ltd NPV</title>
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        <invCountry>JP</invCountry>
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        <name>MOTORCYCLE HOLDINGS LTD</name>
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        <title>Motorcycle Hldgs Limited NPV</title>
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      </invstOrSec>
      <invstOrSec>
        <name>MEGA OR HOLDINGS LTD</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Kaga Electronics Co Ltd.</name>
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        <title>Kaga Electronics Co Ltd. NPV</title>
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          <isin value="JP3206200002"/>
          <ticker value="8154"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <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>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GS Yuasa Corp.</name>
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          <isin value="JP3385820000"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Per Aarsleff Holding A/S</name>
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          <isin value="DK0060700516"/>
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        <assetCat>EC</assetCat>
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        <invCountry>DK</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Lsl Property Services PLC</name>
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        <title>Lsl Property Services PLC ORD GBP0.002</title>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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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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      <invstOrSec>
        <name>Iwatani Corp.</name>
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        <title>Iwatani Corp. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3151600008"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Iress Ltd.</name>
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        <title>Iress Ltd. NPV</title>
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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>Imdex Ltd.</name>
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        <title>Imdex Ltd. NPV</title>
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          <isin value="AU000000IMD5"/>
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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>Dowa Holdings Co Ltd.</name>
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        <title>Dowa Holdings Co Ltd. NPV</title>
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          <isin value="JP3638600001"/>
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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>Friedrich Vorwerk Group SE</name>
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          <isin value="DE000A255F11"/>
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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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        <name>ENAV S.p.A.</name>
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        <invCountry>IT</invCountry>
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        <name>PS Construction Co Ltd.</name>
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        <name>EQT HOLDINGS LTD (AU)</name>
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        <title>Eqt Holdings Limited NPV</title>
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        <name>Tokyu Const(New)</name>
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        <name>JAPAN INVESTMENT ADVISER CO LTD</name>
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        <name>Peab AB</name>
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        <invCountry>SE</invCountry>
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        <name>Fiera Milano</name>
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        <name>Fevertree Drinks PLC</name>
        <lei>2138007AJRLHRVQZLD07</lei>
        <title>Fevertree Drinks PLC ORD GBP0.0025</title>
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        <name>North Pacific Bank Ltd.</name>
        <lei>549300A1ZLTL4KX3DZ92</lei>
        <title>North Pacific Bank Ltd. NPV</title>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>WH Smith PLC</name>
        <lei>2138001KJNGUJ34G7X91</lei>
        <title>WH Smith PLC ORD GBP0.220895</title>
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        <name>Everplay Group plc</name>
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        <name>Sligro Food Group NV</name>
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        <name>Semapa Sociedade de Investimento e Gestao SGPS SA</name>
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        <name>Ratio Energies LP</name>
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        <name>Leopalace21 Corp</name>
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        <name>Hoegh Autoliners ASA</name>
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        <name>Morinaga Milk Industry Co Ltd</name>
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        <name>Television Francaise 1 SA</name>
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        <name>Leroy Seafood Group ASA</name>
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      <invstOrSec>
        <name>Kyokuto Kaihatsu Kogyo Co Ltd</name>
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          <isin value="JP3256900006"/>
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      <invstOrSec>
        <name>Keihan Holdings Co Ltd</name>
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          <isin value="JP3279400000"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nabtesco Corp.</name>
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          <isin value="JP3651210001"/>
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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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        <name>Mortgage Advice Bureau (Hldgs) Ltd</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bravura Solutions Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AOYAMA TRADING Co Ltd.</name>
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        <title>AOYAMA TRADING Co Ltd. NPV</title>
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          <isin value="JP3106200003"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Pexip Holding ASA</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>RAMI LEVI CHAIN STORES HASHIKMA MARKETING 2006 LTD</name>
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        <title>Rami Levi Chain Stores Hashikma Marketing 2006 Limited ILS0.01</title>
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        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Essentra 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>Oxford Instruments PLC</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Sheng Siong Group Ltd</name>
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        <name>WELLNEO SUGAR COMPANY (NISSIN SUGAR CO LTD)</name>
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          <isin value="JP3676600004"/>
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        <name>Takara Standard Co Ltd</name>
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        <name>HEIWA REAL ESTATE CO LTD</name>
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        <name>Eolus Aktiebolag</name>
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        <name>TOMONY HOLDINGS INC</name>
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        <name>ARCS COMPANY LTD</name>
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        <invCountry>JP</invCountry>
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        <name>Eckert &amp; Ziegler SE</name>
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        <title>Eckert &amp; Ziegler SE NPV (BR)</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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      <invstOrSec>
        <name>SpareBank 1 Nord-Norge</name>
        <lei>549300SXM92LQ05OJQ76</lei>
        <title>SpareBank 1 Nord-Norge NOK18 GRUNNFONDSBEVIS</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>The Shiga Bank Ltd.</name>
        <lei>3538002NUIQ8JFEJNS94</lei>
        <title>The Shiga Bank Ltd. NPV</title>
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        <name>JEOL LTD</name>
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        <name>Mcmillan Shakespeare Ltd.</name>
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        <name>Saf Holland SE</name>
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        <name>Kiyo Bank Ltd</name>
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        <name>AZORIM INVESTMENT DEVELOPMENT &amp; COSTRUCTION COMPANY LTD</name>
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        <name>Troax Group AB</name>
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        <name>Bufab Ab</name>
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      <invstOrSec>
        <name>Nissin Foods Company Ltd</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tristel</name>
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          <isin value="GB00B07RVT99"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SAN JU SAN FINANCIAL GROUP INC</name>
        <lei>N/A</lei>
        <title>San Ju San Financial Group Inc. NPV</title>
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          <isin value="JP3333500001"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KOJIMA CO LTD</name>
        <lei>N/A</lei>
        <title>Kojima Co Ltd. NPV</title>
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          <isin value="JP3297380002"/>
          <ticker value="7513"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>The Nanto Bank, Ltd.</name>
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        <title>The Nanto Bank, Ltd. NPV</title>
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          <isin value="JP3653400006"/>
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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>Inrom Construction Industries Ltd</name>
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          <isin value="IL0011323560"/>
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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>Tayca Corp</name>
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          <isin value="JP3539300008"/>
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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>Ayalon Insurance Co Ltd</name>
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          <isin value="IL0002090152"/>
          <ticker value="AYAL"/>
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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>Aussie Broadband Ltd</name>
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          <isin value="AU0000106643"/>
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          <other otherDesc="SEDOL" value="BM8HZC3"/>
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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>Sesa S.p.A. (Gia/ Made In Italy 1 SpA)</name>
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          <isin value="IT0004729759"/>
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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>Salzgitter AG</name>
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        <title>Salzgitter AG ORD NPV</title>
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          <isin value="DE0006202005"/>
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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>Hunting PLC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hokuetsu Corporation</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PostNL NV</name>
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      <invstOrSec>
        <name>Cobram Estate Olives Ltd.</name>
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        <name>Bega Cheese Ltd.</name>
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        <name>Dunelm Group PLC</name>
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        <name>Jumbo Interactive Ltd.</name>
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        <name>NIHON NOHYAKU CO LTD</name>
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        <name>Talenom Oyj</name>
        <lei>7437008E4R0N45B8J675</lei>
        <title>Talenom Oyj NPV</title>
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        <invCountry>FI</invCountry>
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        <name>Orora Ltd.</name>
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        <title>Orora Ltd. NPV</title>
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        <invCountry>AU</invCountry>
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        <name>Sogefi SpA</name>
        <lei>5493005HPJ40IY377O47</lei>
        <title>Sogefi SpA EUR0.52</title>
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      <invstOrSec>
        <name>Nippon Kayaku Co Ltd</name>
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        <name>Fagerhult Group AB</name>
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      <invstOrSec>
        <name>OKINAWA CELLULAR TELEPHONE CO</name>
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        <name>Veidekke ASA</name>
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        <name>Linea Directa Aseguradora S.A.</name>
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          <isin value="ES0105546008"/>
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        <name>iFAST Corporation Ltd.</name>
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        <name>G City Ltd</name>
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        <title>G City Ltd ILS1</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Iino Kaiun Kaisha Ltd</name>
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          <isin value="JP3131200002"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Toho Gas Co Ltd</name>
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        <title>Toho Gas Co Ltd NPV</title>
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          <isin value="JP3600200004"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Takara Holdings Inc.</name>
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          <isin value="JP3459600007"/>
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        <fairValLevel>1</fairValLevel>
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        <name>WisdomTree Trust</name>
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        <name>Hemnet Group Ab</name>
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        <name>Happinet Corp</name>
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        <name>Ovs S.P.A</name>
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        <name>Sakata Inx Corp</name>
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        <name>UBE Corporation</name>
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        <name>Petronor E&amp;P ASA</name>
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        <name>FRP Advisory Group Plc</name>
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        <name>Alfa Financial Software Hldgs Ltd</name>
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        <name>Rejlers AB</name>
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        <name>Pluxee NV</name>
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      <invstOrSec>
        <name>Sabre Insurance Group PLC</name>
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      <invstOrSec>
        <name>Daicel Corp.</name>
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      <invstOrSec>
        <name>Morgan Sindall Group PLC</name>
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        <name>Okamura Corp</name>
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        <name>AND ST HD Co Ltd.</name>
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        <name>Norbit Asa</name>
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        <name>DAINICHISEIKA COLOUR &amp; CHEMICALS MFG CO LTD</name>
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        <name>Ridley Corp Ltd</name>
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        <name>Aichi Steel Corp.</name>
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        <name>Forfarmers Nv</name>
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        <name>Vitasoy International Holdings Limited</name>
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        <name>Cohort PLC</name>
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        <name>ProSiebenSat.1 Media SE</name>
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        <name>SANYO DENKI CO LTD</name>
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        <name>Immobiliare Grande Distribuzione S.p.a.</name>
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        <name>EXEO GROUP INC</name>
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        <name>Note Ab</name>
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        <name>Nomura Micro Scien</name>
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        <name>Alinco Inc</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Senior PLC</name>
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        <name>ANYCOLOR INC</name>
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          <isin value="JP3164780003"/>
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      <invstOrSec>
        <name>First Resources Ltd.</name>
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          <isin value="SG1W35938974"/>
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      <invstOrSec>
        <name>Nikkon Holdings Co Ltd</name>
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          <isin value="JP3709600005"/>
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        <name>Delta Galil Industries Ltd.</name>
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        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>MORIMATSU INTERNATIONAL HOLDINGS CO LTD</name>
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        <name>Savills PLC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Workspace Group PLC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GEO Energy Resources Ltd</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bilia AB (publ)</name>
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        <name>Global Dominion Access SA</name>
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        <name>Derwent London PLC</name>
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        <name>FURYU CORP</name>
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          <isin value="JP3826770004"/>
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        <name>Izumi Co Ltd</name>
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          <isin value="JP3138400001"/>
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        <name>Hill &amp; Smith PLC</name>
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        <name>ONWARD HOLDINGS COMPANY LTD</name>
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        <name>CSE Global Ltd</name>
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        <name>China Aviation Oil</name>
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        <name>Xebio Holdings Co Ltd</name>
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        <name>CHUGIN FINANCIAL GROUP INC</name>
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        <title>Chugin Financial Group Inc. NPV</title>
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        <fairValLevel>1</fairValLevel>
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        <name>SHIN NIPPON AIR TECNOLOGIES CO LTD</name>
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        <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>LA HOLDINGS CO LTD</name>
        <lei>N/A</lei>
        <title>LA Holdings Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3968300008"/>
          <ticker value="2986"/>
          <other otherDesc="SEDOL" value="BKPN531"/>
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        <balance>7400.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ARYT INDUSTRIES LTD</name>
        <lei>N/A</lei>
        <title>Aryt Industries Ltd. ILS0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0005870147"/>
          <ticker value="ARYT"/>
          <other otherDesc="SEDOL" value="6049740"/>
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        <balance>33074.00000000</balance>
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        <valUSD>476705.54000000</valUSD>
        <pctVal>0.048832101691</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OBJECTIVE CORP LTD</name>
        <lei>N/A</lei>
        <title>Objective Corporation Limited NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000OCL7"/>
          <ticker value="OCL"/>
          <other otherDesc="SEDOL" value="6283407"/>
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        <balance>45097.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.46006700"/>
        <valUSD>362612.66000000</valUSD>
        <pctVal>0.037144813311</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KEIO CORP</name>
        <lei>N/A</lei>
        <title>Keio Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3277800003"/>
          <ticker value="9008"/>
          <other otherDesc="SEDOL" value="6487362"/>
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        <balance>232500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.09000000"/>
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        <pctVal>0.115467197357</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>AI HOLDINGS CORP</name>
        <lei>N/A</lei>
        <title>Ai Holdings Corporation NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3105090009"/>
          <ticker value="3076"/>
          <other otherDesc="SEDOL" value="B1TK201"/>
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        <balance>32800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.09000000"/>
        <valUSD>556666.04000000</valUSD>
        <pctVal>0.057022984615</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>MATRIX IT LTD</name>
        <lei>N/A</lei>
        <title>Matrix IT Ltd. ILS1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0004450156"/>
          <ticker value="MTRX"/>
          <other otherDesc="SEDOL" value="6747754"/>
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        <balance>67700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.15750000"/>
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        <pctVal>0.191389488450</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Moonpig Group PLC</name>
        <lei>213800VAYO5KCAXZHK83</lei>
        <title>Moonpig Group PLC ORD GBP0.1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BMT9K014"/>
          <ticker value="MOON"/>
          <other otherDesc="SEDOL" value="BMT9K01"/>
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        <balance>181236.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75832300"/>
        <valUSD>500696.17000000</valUSD>
        <pctVal>0.051289620611</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>Raysearch Laboratories AB</name>
        <lei>549300TYFVYGS0JFWM28</lei>
        <title>Raysearch Laboratories AB SER'B'NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0000135485"/>
          <ticker value="RAYB"/>
          <other otherDesc="SEDOL" value="7591239"/>
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        <balance>20062.00000000</balance>
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        <currencyConditional curCd="SEK" exchangeRt="9.52625000"/>
        <valUSD>403082.72000000</valUSD>
        <pctVal>0.041290429251</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>
      <invstOrSec>
        <name>Elopak Asa</name>
        <lei>529900BIDQN2AOKV6N08</lei>
        <title>Elopak Asa NOK1.40</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0011002586"/>
          <ticker value="ELO"/>
          <other otherDesc="SEDOL" value="BMCQVP1"/>
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        <balance>220753.00000000</balance>
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        <currencyConditional curCd="NOK" exchangeRt="9.74095000"/>
        <valUSD>821510.86000000</valUSD>
        <pctVal>0.084152791377</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Puuilo Oyj</name>
        <lei>743700UJUT6FWHBXPR69</lei>
        <title>Puuilo Oyj NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FI4000507124"/>
          <ticker value="PUUILO"/>
          <other otherDesc="SEDOL" value="BL979V2"/>
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        <balance>92968.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86790500"/>
        <valUSD>1348612.03000000</valUSD>
        <pctVal>0.138147250798</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Midwich Group Plc</name>
        <lei>213800TUH2ZU68PZZN12</lei>
        <title>Midwich Group Plc ORD GBP0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BYSXWW41"/>
          <ticker value="MIDW"/>
          <other otherDesc="SEDOL" value="BYSXWW4"/>
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        <balance>261021.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75832300"/>
        <valUSD>540406.88000000</valUSD>
        <pctVal>0.055357451308</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>Lisi SA</name>
        <lei>969500UU4O58BR802Y55</lei>
        <title>Lisi SA EUR0.40</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000050353"/>
          <ticker value="FII"/>
          <other otherDesc="SEDOL" value="5489916"/>
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        <balance>14940.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86790500"/>
        <valUSD>902006.56000000</valUSD>
        <pctVal>0.092398498377</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wing Tai Holdings</name>
        <lei>984500SB157F8C2A6839</lei>
        <title>Wing Tai Holdings NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1K66001688"/>
          <ticker value="WINGT"/>
          <other otherDesc="SEDOL" value="6972385"/>
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        <balance>602300.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.29015000"/>
        <valUSD>760957.25000000</valUSD>
        <pctVal>0.077949884565</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>Genuit Group PLC</name>
        <lei>2138005IF1N2RKJ6KO18</lei>
        <title>Genuit Group PLC ORD GBP0.001</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BKRC5K31"/>
          <ticker value="GEN"/>
          <other otherDesc="SEDOL" value="BKRC5K3"/>
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        <balance>216076.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75832300"/>
        <valUSD>816351.00000000</valUSD>
        <pctVal>0.083624232787</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>Renew Holdings</name>
        <lei>213800O3DC3V4WYA2E09</lei>
        <title>Renew Holdings ORD GBP0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0005359004"/>
          <ticker value="RNWH"/>
          <other otherDesc="SEDOL" value="0535900"/>
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        <balance>56416.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75832300"/>
        <valUSD>632363.78000000</valUSD>
        <pctVal>0.064777204835</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>SUN-WA TECHNOS CORP</name>
        <lei>N/A</lei>
        <title>Sun-Wa Technos Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3345400000"/>
          <ticker value="8137"/>
          <other otherDesc="SEDOL" value="6985156"/>
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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>AMP Ltd.</name>
        <lei>5299000D93LTLU0UJR35</lei>
        <title>AMP Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000AMP6"/>
          <ticker value="AMP"/>
          <other otherDesc="SEDOL" value="6709958"/>
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        <currencyConditional curCd="AUD" exchangeRt="1.46006700"/>
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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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Supreme Plc</name>
        <lei>213800DBHCI5WQWECL16</lei>
        <title>Supreme Plc ORD GBP0.10</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BDT89C08"/>
          <ticker value="SUP"/>
          <other otherDesc="SEDOL" value="BDT89C0"/>
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        <currencyConditional curCd="GBP" exchangeRt="0.75832300"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Volex Plc</name>
        <lei>213800HBLQNH5FXXGE63</lei>
        <title>Volex Plc ORD GBP0.25</title>
        <cusip>000000000</cusip>
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          <isin value="GB0009390070"/>
          <ticker value="VLX"/>
          <other otherDesc="SEDOL" value="0939007"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cedar Woods Properties Ltd.</name>
        <lei>9845005E52CDEBDEF822</lei>
        <title>Cedar Woods Properties Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000CWP1"/>
          <ticker value="CWP"/>
          <other otherDesc="SEDOL" value="6182281"/>
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        <currencyConditional curCd="AUD" exchangeRt="1.46006700"/>
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        <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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DEXERIALS CORP</name>
        <lei>N/A</lei>
        <title>Dexerials Corp. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3548770001"/>
          <ticker value="4980"/>
          <other otherDesc="SEDOL" value="BYP97J7"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>YH DIMRI BUILDING &amp; DEVELOPMENT LTD</name>
        <lei>N/A</lei>
        <title>Y.H.Dimri Building &amp; Development Ltd ILS1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0010903156"/>
          <ticker value="DIMRI"/>
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        <name>Shikoku Electric Power Co Inc.</name>
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          <isin value="JP3350800003"/>
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      <invstOrSec>
        <name>San-Ai Obbli Co Ltd</name>
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          <isin value="JP3323600001"/>
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        <name>Comet Holdings AG</name>
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      <invstOrSec>
        <name>Apac Realty Ltd</name>
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          <isin value="SG1DJ0000001"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Zeon Corp.</name>
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        <title>Zeon Corp. NPV</title>
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          <isin value="JP3725400000"/>
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      <invstOrSec>
        <name>ARTIENCE CO LTD</name>
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          <isin value="JP3606600009"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Mondadori Arnoldo Editore Spa</name>
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          <isin value="IT0001469383"/>
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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>Duni AB</name>
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          <isin value="SE0000616716"/>
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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>Elmera Group ASA</name>
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          <isin value="NO0010815673"/>
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        <assetCat>EC</assetCat>
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        <name>Pharma Mar SA</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TEL AVIV STOCK EXCHANGE LTD (THE)</name>
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      <invstOrSec>
        <name>Zehnder Group AG</name>
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        <name>Tokuyama Corp</name>
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        <name>Scandi Standard AB</name>
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      <invstOrSec>
        <name>Kaneka Corp.</name>
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        <name>Etablissements Maurel &amp; Prom S.A.</name>
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        <name>Cairn Homes PLC</name>
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        <title>Cairn Homes PLC ORD EUR0.001</title>
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        <invCountry>IE</invCountry>
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        <name>Citizen Watch Co Ltd</name>
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        <title>Citizen Watch Co Ltd NPV</title>
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        <name>Oma Saastopankki Oyj (Oma Savings Bank PLC)</name>
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        <title>Oma Saastopankki Oyj (Oma Savings Bank PLC) NPV</title>
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        <invCountry>FI</invCountry>
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        <name>Kitron ASA</name>
        <lei>5967007LIEEXZXIG6009</lei>
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        <invCountry>NO</invCountry>
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        <name>PALRAM INDUSTRIES (1990) LTD</name>
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        <title>Palram Industries 1990 Ltd ORD ILS1(NON-VTG)</title>
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        <invCountry>IL</invCountry>
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      <invstOrSec>
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      <invstOrSec>
        <name>KANAMOTO COMPANY LTD</name>
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        <name>Carel Industries S.p.A.</name>
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      <invstOrSec>
        <name>Craneware Plc</name>
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        <name>OKASAN SECURITIES GROUP INC</name>
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        <name>Tsumura &amp; Co</name>
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          <isin value="JP3535800001"/>
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        <name>Invisio AB</name>
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        <name>Bouvet Asa</name>
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        <name>AUB Group Ltd.</name>
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        <name>The San-in Godo Bank Ltd.</name>
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        <name>Restore Plc</name>
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        <name>Pullup Entertainment</name>
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        <name>FIRST BANK OF TOYAMA LTD (THE)</name>
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        <name>Stolt-Nielsen Ltd</name>
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      <invstOrSec>
        <name>Johnson Service Group PLC</name>
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      <invstOrSec>
        <name>ISHIHARA SANGYO KAISHA LTD</name>
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      <invstOrSec>
        <name>Daio Paper Corp.</name>
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      <invstOrSec>
        <name>Aktia Bank PLC</name>
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        <name>Metcash Ltd.</name>
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        <name>SHINAGAWA REFRA CO LTD</name>
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          <isin value="JP3353200003"/>
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        <name>PROPEL FUNERAL PARTNERS LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GPO Emp San Jose</name>
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          <isin value="ES0180918015"/>
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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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        <name>Valeo SE</name>
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        <name>Toyota Boshoku Corp.</name>
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        <name>Atea ASA</name>
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        <name>Helia Group Ltd.</name>
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        <name>Aoki Holdings Inc</name>
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        <name>Amotiv Limited</name>
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        <name>Toenec Corp</name>
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        <name>Avon Technologies PLC</name>
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        <name>ELECTRA CONSUMER PRODUCTS (1970) LTD</name>
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        <name>CKD CORP</name>
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        <name>Ferrotec Corp.</name>
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        <name>LUK FOOK HOLDINGS (INTERNATIONAL) LTD</name>
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        <title>Luk Fook Holdings (International) Limited HKD0.10</title>
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        <invCountry>BM</invCountry>

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      </invstOrSec>
      <invstOrSec>
        <name>Iluka Resources Ltd.</name>
        <lei>2549009N2Y1F4YNB0955</lei>
        <title>Iluka Resources Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000ILU1"/>
          <ticker value="ILU"/>
          <other otherDesc="SEDOL" value="6957575"/>
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        <balance>119657.00000000</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Banyan Tree Holdings Ltd</name>
        <lei>254900PU1R3XDPBY5390</lei>
        <title>Banyan Tree Holdings Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1T49930665"/>
          <ticker value="BTH"/>
          <other otherDesc="SEDOL" value="B168CV9"/>
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        <balance>1093700.00000000</balance>
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        <valUSD>495922.57000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bodycote Plc</name>
        <lei>213800V93QFW53NB7Y29</lei>
        <title>Bodycote Plc ORD GBP0.1727272</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B3FLWH99"/>
          <ticker value="BOY"/>
          <other otherDesc="SEDOL" value="B3FLWH9"/>
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        <balance>134943.00000000</balance>
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        <pctVal>0.111285099641</pctVal>
        <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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Taiyo Yuden Co Ltd.</name>
        <lei>353800V9G3X5PLB9AD43</lei>
        <title>Taiyo Yuden Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3452000007"/>
          <ticker value="6976"/>
          <other otherDesc="SEDOL" value="6870564"/>
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        <pctVal>0.114169595883</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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      </invstOrSec>
      <invstOrSec>
        <name>NIPPON SHINYAKU CO LTD</name>
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        <title>Nippon Shinyaku Co NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3717600005"/>
          <ticker value="4516"/>
          <other otherDesc="SEDOL" value="6640563"/>
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        <balance>28200.00000000</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>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>97000.00000000</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>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Aica Kogyo Co Ltd.</name>
        <lei>353800I589BKZAOJD116</lei>
        <title>Aica Kogyo Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3100800006"/>
          <ticker value="4206"/>
          <other otherDesc="SEDOL" value="6010047"/>
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        <balance>52600.00000000</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>Wacker Neuson SE</name>
        <lei>529900RJL86244E1I652</lei>
        <title>Wacker Neuson SE NPV(REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000WACK012"/>
          <ticker value="WAC"/>
          <other otherDesc="SEDOL" value="B17R248"/>
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        <balance>47913.00000000</balance>
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        <pctVal>0.102243290101</pctVal>
        <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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FUJI OIL CO LTD</name>
        <lei>N/A</lei>
        <title>Fuji Oil Company Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3816400000"/>
          <ticker value="2607"/>
          <other otherDesc="SEDOL" value="6356848"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hufvudstaden AB</name>
        <lei>213800UEV5ZAFFVQ4J85</lei>
        <title>Hufvudstaden AB SER'A'NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0000170375"/>
          <ticker value="HUFVA"/>
          <other otherDesc="SEDOL" value="4449137"/>
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        <balance>92064.00000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DCM Holdings Co Ltd.</name>
        <lei>353800S1QF5V2DN70A36</lei>
        <title>DCM Holdings Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3548660004"/>
          <ticker value="3050"/>
          <other otherDesc="SEDOL" value="B1B0V35"/>
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        <balance>52900.00000000</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>Garofalo Health Care Spa</name>
        <lei>815600C851C90CAE6438</lei>
        <title>Garofalo Health Care Spa NPV</title>
        <cusip>000000000</cusip>
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          <isin value="IT0005345233"/>
          <ticker value="GHC"/>
          <other otherDesc="SEDOL" value="BG36158"/>
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        <balance>67892.00000000</balance>
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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>Discoverie Group PLC</name>
        <lei>213800BMDLQU1VEEAN68</lei>
        <title>Discoverie Group PLC ORD GBP0.05</title>
        <cusip>000000000</cusip>
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          <isin value="GB0000055888"/>
          <ticker value="DSCV"/>
          <other otherDesc="SEDOL" value="0005588"/>
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        <balance>74647.00000000</balance>
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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>Teijin Ltd</name>
        <lei>3538000RF6UCIMPKCO54</lei>
        <title>Teijin Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3544000007"/>
          <ticker value="3401"/>
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        <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>SSP Group PLC</name>
        <lei>213800QGNIWTXFMENJ24</lei>
        <title>SSP Group PLC ORD GBP0.01085</title>
        <cusip>000000000</cusip>
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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>
        <lei>5967007LIEEXZXGYXC05</lei>
        <title>Borregaard ASA NOK1</title>
        <cusip>000000000</cusip>
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          <isin value="NO0010657505"/>
          <ticker value="BRG"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Card Factory PLC</name>
        <lei>213800TTSOPFVCKPFQ11</lei>
        <title>Card Factory 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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        <name>REN - Redes Energeticas Nacionais, SGPS, S.A</name>
        <lei>549300FR1FN48IGHR915</lei>
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        <invCountry>PT</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Catena AB</name>
        <lei>549300EMLM7AH5LDLY65</lei>
        <title>Catena AB NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0001664707"/>
          <ticker value="CATE"/>
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        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LHN LTD</name>
        <lei>N/A</lei>
        <title>LHN Limited NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SG1AH9000002"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TP ICAP Group PLC</name>
        <lei>2138006YAA7IRVKKGE63</lei>
        <title>TP ICAP Group PLC ORD GBP0.25</title>
        <cusip>000000000</cusip>
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          <ticker value="TCAP"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PAZ RETAIL AND ENERGY LTD</name>
        <lei>N/A</lei>
        <title>Paz Retail &amp; Energy Ltd. ILS5</title>
        <cusip>000000000</cusip>
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        <name>Bytes Technology Group PLC</name>
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        <name>France Bed Holdings Co. Ltd.</name>
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        <name>Kelsian Group Ltd.</name>
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        <name>SAKAI MOVING SERVICE COMPANY LTD</name>
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        <name>Klaveness Combination Carriers Asa</name>
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      <invstOrSec>
        <name>Kalmar Oyj</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Dream Intl</name>
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          <isin value="HK1126010854"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hang Lung Group Ltd.</name>
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        <title>Hang Lung Group Ltd. NPV</title>
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          <isin value="HK0010000088"/>
          <ticker value="10"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Netlink Nbn Trust</name>
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          <ticker value="NETLINK"/>
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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>Secure Trust Bank PLC</name>
        <lei>213800CXIBLC2TMIGI76</lei>
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          <isin value="GB00B6TKHP66"/>
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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>
        <name>Basic Net Spa</name>
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        <title>Basic Net Spa NPV</title>
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          <isin value="IT0001033700"/>
          <ticker value="BAN"/>
          <other otherDesc="SEDOL" value="5815265"/>
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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>Fuji Seal International Inc</name>
        <lei>N/A</lei>
        <title>Fuji Seal International Inc NPV</title>
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          <isin value="JP3813800004"/>
          <ticker value="7864"/>
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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>Boot(Henry)</name>
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        <title>Boot(Henry) ORD GBP0.10</title>
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          <isin value="GB0001110096"/>
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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>Seino Holdings Co Ltd.</name>
        <lei>3538001D12EPCPYTTF24</lei>
        <title>Seino Holdings Co Ltd. NPV</title>
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          <isin value="JP3415400005"/>
          <ticker value="9076"/>
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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>FORESIGHT GROUP HOLDINGS LTD</name>
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        <title>Foresight Group Holding limited ORD NPV</title>
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          <isin value="GG00BMD8MJ76"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Outokumpu Oyj</name>
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        <assetCat>EC</assetCat>
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        <invCountry>FI</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>J D Wetherspoon PLC</name>
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        <name>Paypoint PLC</name>
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        <name>Mitie Group PLC</name>
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        <name>Hakuto Co Ltd</name>
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        <name>Japan Airport Terminal Co. Ltd.</name>
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        <name>Europris ASA</name>
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        <name>Proact It Group</name>
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        <name>Wihlborgs Fastigheter AB</name>
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        <name>Munters Group Ab</name>
        <lei>549300KYCB37YAVUV523</lei>
        <title>Munters Group Ab NPV</title>
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        <name>One Software Technologies Ltd</name>
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        <name>Prima Meat Packers Ltd.</name>
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      <invstOrSec>
        <name>MITSUI-SOKO HOLDING CO LTD</name>
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        <name>CTT Correios de Portugal SA</name>
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        <name>Tuan Sing Holdings Limited</name>
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        <name>D/S Norden</name>
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        <name>Toridoll Holdings Corporation</name>
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        <name>Corem Property Group AB</name>
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        <name>Monadelphous Group Ltd.</name>
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        <name>MITSUI DM SUGAR CO LTD</name>
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          <isin value="JP3890400009"/>
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        <name>Sanki Engineering Co Ltd</name>
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          <isin value="JP3325600009"/>
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        <name>Mersen SA</name>
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        <name>MABUCHI MOTOR CO LTD</name>
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        <name>Oue Ltd.</name>
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        <name>Australian Ethical Investment Ltd.</name>
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        <name>Yamaguchi Financial Group Inc</name>
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        <name>Wesure Global Tech Ltd</name>
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        <name>Elekta AB</name>
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        <name>Alzchem Group Ag</name>
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        <name>Ns United Kaiun Kaisha Ltd</name>
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        <name>Are Holdings Inc.</name>
        <lei>353800W25FCOFE32EM73</lei>
        <title>Are Holdings Inc. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3116700000"/>
          <ticker value="5857"/>
          <other otherDesc="SEDOL" value="B60DQZ7"/>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <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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        <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>AURA INVESTMENTS LTD</name>
        <lei>N/A</lei>
        <title>Aura Investments Ltd. ILS1</title>
        <cusip>000000000</cusip>
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          <isin value="IL0003730194"/>
          <ticker value="AURA"/>
          <other otherDesc="SEDOL" value="6060310"/>
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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>
        <name>Tanseisha Co Ltd</name>
        <lei>N/A</lei>
        <title>Tanseisha Co Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3472200009"/>
          <ticker value="9743"/>
          <other otherDesc="SEDOL" value="6871932"/>
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        <pctVal>0.031794692340</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Yellow Hat Ltd</name>
        <lei>N/A</lei>
        <title>Yellow Hat Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3131350005"/>
          <ticker value="9882"/>
          <other otherDesc="SEDOL" value="6753591"/>
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        <balance>24100.00000000</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>Kontron AG</name>
        <lei>5299002PSXXMVHB26433</lei>
        <title>Kontron AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AT0000A0E9W5"/>
          <ticker value="KTN"/>
          <other otherDesc="SEDOL" value="4665933"/>
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        <balance>36930.00000000</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>AT</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>Yu Group Plc</name>
        <lei>213800ACO9GDDBM7DS35</lei>
        <title>Yu Group Plc ORD GBP0.005</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BYQDPD80"/>
          <ticker value="YU/"/>
          <other otherDesc="SEDOL" value="BYQDPD8"/>
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        <balance>23838.00000000</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>Energean PLC</name>
        <lei>549300RVMKU0CYUZBB05</lei>
        <title>Energean PLC ORD GBP0.01</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BG12Y042"/>
          <ticker value="ENOG"/>
          <other otherDesc="SEDOL" value="BG12Y04"/>
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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>Victorian Plumbing Group Plc</name>
        <lei>894500R59II0S4WXGZ04</lei>
        <title>Victorian Plumbing Group Plc ORD GBP0.001</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BNVVHD43"/>
          <ticker value="VIC"/>
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        <balance>458228.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ariake Japan Co Ltd</name>
        <lei>353800PBX8D0J0H60M72</lei>
        <title>Ariake Japan Co Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3125800007"/>
          <ticker value="2815"/>
          <other otherDesc="SEDOL" value="6049632"/>
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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>BISALLOY STEEL GROUP LTD</name>
        <lei>N/A</lei>
        <title>Bisalloy Steel Gp NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000BIS6"/>
          <ticker value="BIS"/>
          <other otherDesc="SEDOL" value="6622680"/>
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        <currencyConditional curCd="AUD" exchangeRt="1.46006700"/>
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        <pctVal>0.048042981230</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>
        <name>Hyakugo Bank Ltd.</name>
        <lei>549300BYCCERC5EKUX15</lei>
        <title>Hyakugo Bank Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3793800008"/>
          <ticker value="8368"/>
          <other otherDesc="SEDOL" value="6659666"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Clarkson PLC</name>
        <lei>2138007G6BGTEHI3OT22</lei>
        <title>Clarkson PLC ORD GBP0.25</title>
        <cusip>000000000</cusip>
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          <isin value="GB0002018363"/>
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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>Automatic Bank Services Ltd</name>
        <lei>N/A</lei>
        <title>Automatic Bank Services Ltd ILS0.0001</title>
        <cusip>000000000</cusip>
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          <isin value="IL0011581613"/>
          <ticker value="SHVA"/>
          <other otherDesc="SEDOL" value="BKC9394"/>
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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>
        <name>Tatton Asset Mgmt Plc</name>
        <lei>213800G2F8I1N7HTVP88</lei>
        <title>Tatton Asset Mgmt Plc ORD GBP0.20</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BYX1P358"/>
          <ticker value="TAM"/>
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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>Exosens SA</name>
        <lei>969500R3AKTPEDO9EG76</lei>
        <title>Exosens SA EUR0.425</title>
        <cusip>000000000</cusip>
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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>SpareBank 1 SMN</name>
        <lei>7V6Z97IO7R1SEAO84Q32</lei>
        <title>SpareBank 1 SMN NOK20 GRUNNFONDSBEVIS</title>
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          <ticker value="MING"/>
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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>Havas NV</name>
        <lei>894500L53AVOFQK7T710</lei>
        <title>Havas NV EUR2 (POST CONS)</title>
        <cusip>000000000</cusip>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tinexta SpA</name>
        <lei>815600925CD848EDBA96</lei>
        <title>Tinexta SpA NPV</title>
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          <isin value="IT0005037210"/>
          <ticker value="TNXT"/>
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        <invCountry>IT</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ME Group International PLC</name>
        <lei>2138006YJ65EKBYYYX41</lei>
        <title>ME Group International PLC ORD GBP0.005</title>
        <cusip>000000000</cusip>
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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>Pola Orbis Holdings Inc.</name>
        <lei>353800E8OIV0XYBABS79</lei>
        <title>Pola Orbis Holdings Inc. NPV</title>
        <cusip>000000000</cusip>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>K's Holdings Corp</name>
        <lei>3538003LJ09YLR6NHG27</lei>
        <title>K's Holdings Corp NPV</title>
        <cusip>000000000</cusip>
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        <name>Exedy Corp</name>
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      <invstOrSec>
        <name>KURABO INDUSTRIES LTD</name>
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      <invstOrSec>
        <name>GrainCorp Ltd.</name>
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        <name>Svedbergs Group AB</name>
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        <name>RAIZNEXT CORP</name>
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          <isin value="JP3331600001"/>
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        <name>Starhub Ltd</name>
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        <name>Japan Securities Finance Company Limited</name>
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          <isin value="JP3714400003"/>
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        <name>Sanoma OYJ</name>
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        <name>ACCENT GROUP LTD</name>
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        <name>Terveystalo Oyj</name>
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        <name>Bravida Holding AB</name>
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        <name>Tsubakimoto Chain Co</name>
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          <isin value="JP3535400000"/>
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        <name>Lycopodium Limited</name>
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      <invstOrSec>
        <name>DAIWABO HOLDINGS COMPANY LTD</name>
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        <name>Michelmersh Brick</name>
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        <name>Knights Group Holdings Plc</name>
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        <name>Nippon Denko Co Ltd.</name>
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        <name>ASAHI KOGYOSHA CO LTD</name>
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        <name>Quadient SA</name>
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        <name>Ipd Group Limited</name>
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        <name>Rusta AB (Publ)</name>
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        <name>Norwegian Air Shuttle ASA</name>
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        <title>Norwegian Air Shuttle ASA NOK0.10</title>
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        <name>Fuller Smith &amp; Turner PLC</name>
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        <name>The Property Franchise Group Inc</name>
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        <name>Heba Fastighets Ab</name>
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        <name>Martifer Sgps Sa</name>
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        <name>Dicker Data Ltd</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Kh Neochem Co Ltd</name>
        <lei>N/A</lei>
        <title>Kh Neochem Co Ltd NPV</title>
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          <isin value="JP3277040006"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Resorttrust Inc.</name>
        <lei>353800FM9MYWH105SE11</lei>
        <title>Resorttrust Inc. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3974450003"/>
          <ticker value="4681"/>
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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>Brooks Macdonald Group PLC</name>
        <lei>213800WRDF8LB8MIEX37</lei>
        <title>Brooks Macdonald Group PLC ORD GBP0.01</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B067N833"/>
          <ticker value="BRK"/>
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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>
        <name>Autosports Group Ltd</name>
        <lei>N/A</lei>
        <title>Autosports Group Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000ASG2"/>
          <ticker value="ASG"/>
          <other otherDesc="SEDOL" value="BZBHBJ0"/>
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        <balance>230168.00000000</balance>
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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>Yokorei Co Ltd</name>
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        <title>Yokorei Co Ltd NPV</title>
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          <isin value="JP3957000007"/>
          <ticker value="2874"/>
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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>Nitto Kogyo Corp</name>
        <lei>N/A</lei>
        <title>Nitto Kogyo Corp NPV</title>
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          <isin value="JP3682400001"/>
          <ticker value="6651"/>
          <other otherDesc="SEDOL" value="6643283"/>
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        <balance>40600.00000000</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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      <invstOrSec>
        <name>Nagoya Railroad Co Ltd</name>
        <lei>353800P62OOYUY3I8T51</lei>
        <title>Nagoya Railroad Co Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3649800004"/>
          <ticker value="9048"/>
          <other otherDesc="SEDOL" value="6619864"/>
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        <balance>49200.00000000</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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      <invstOrSec>
        <name>JAC RECRUITMENT COMPANY LTD</name>
        <lei>N/A</lei>
        <title>Jac Recruitment Co Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3386130003"/>
          <ticker value="2124"/>
          <other otherDesc="SEDOL" value="B1CC1X0"/>
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        <balance>94300.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>S4 Capital PLC</name>
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        <title>S4 Capital PLC ORD GBP0.25</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BFZZM640"/>
          <ticker value="SFOR"/>
          <other otherDesc="SEDOL" value="BFZZM64"/>
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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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      <invstOrSec>
        <name>Elementis PLC</name>
        <lei>549300LQIH685LI2ML36</lei>
        <title>Elementis PLC ORD GBP0.05</title>
        <cusip>000000000</cusip>
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          <isin value="GB0002418548"/>
          <ticker value="ELM"/>
          <other otherDesc="SEDOL" value="0241854"/>
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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>Corbion NV</name>
        <lei>724500BKS1TSAVLTWG46</lei>
        <title>Corbion NV EUR0.25</title>
        <cusip>000000000</cusip>
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          <isin value="NL0010583399"/>
          <ticker value="CRBN"/>
          <other otherDesc="SEDOL" value="BFRSRR7"/>
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        <assetCat>EC</assetCat>
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        <invCountry>NL</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Atalaya Mining Copper SA</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <isin value="CY0106002112"/>
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          <other otherDesc="SEDOL" value="BYZTVM8"/>
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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>NICHIAS CORP</name>
        <lei>N/A</lei>
        <title>NICHIAS Corporation NPV</title>
        <cusip>000000000</cusip>
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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>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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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MEITEC GROUP HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>Meitec Group Holdings Inc. NPV</title>
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          <isin value="JP3919200000"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>Wilh. Wilhelmsen Holding ASA</name>
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        <title>Wilh. Wilhelmsen Holding ASA SER'A'NOK20</title>
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      <invstOrSec>
        <name>Kinepolis Group NV</name>
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        <title>Kinepolis Group NV NPV</title>
        <cusip>000000000</cusip>
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          <ticker value="KIN"/>
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        <invCountry>BE</invCountry>
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        <name>Ashdod Refinery Ltd.</name>
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        <title>Ashdod Refinery Ltd. ILS0.01</title>
        <cusip>000000000</cusip>
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          <ticker value="ARF"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IL</invCountry>
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        <name>AMG Critical Materials N.V.</name>
        <lei>5493006MN6OH67U2YI74</lei>
        <title>AMG Critical Materials N.V. EUR0.02</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Pan African Resources PLC</name>
        <lei>213800EAXURCXMX6RL85</lei>
        <title>Pan African Resources 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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        <name>Truecaller AB</name>
        <lei>549300TEYF1FA5G5GK26</lei>
        <title>Truecaller AB SER'B'NPV</title>
        <cusip>000000000</cusip>
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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>INFICON Holding AG</name>
        <lei>5067008UT6890I0YM937</lei>
        <title>INFICON Holding AG CHF0.5 (REGD)</title>
        <cusip>000000000</cusip>
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        <name>CEMENTIR HOLDING NV</name>
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      <invstOrSec>
        <name>Safestore Holdings PLC</name>
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        <name>Thule Group AB</name>
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        <name>Paltac Corp</name>
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          <isin value="JP3782200004"/>
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          <isin value="JP3955200005"/>
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        <name>Pne Ag</name>
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        <name>ELCO LTD</name>
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      <invstOrSec>
        <name>International Workplace Group PLC</name>
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        <invCountry>JE</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>ICHIGO INC</name>
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        <title>Ichigo Inc. NPV</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Frencken Group Ltd</name>
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      <invstOrSec>
        <name>Itoham Yonekyu Holdings Inc</name>
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        <name>Sanlorenzo S.p.A.</name>
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        <name>Nippon Densetsu Kogyo Co Ltd</name>
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        <name>GL Events SA</name>
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        <name>Redox Ltd.</name>
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        <name>MACMAHON HOLDINGS LTD</name>
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        <name>Regal Partners Ltd</name>
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        <name>MAN GROUP PLC</name>
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        <name>Clas Ohlson Ab</name>
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        <title>Clas Ohlson Ab SER'B'NPV</title>
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        <invCountry>SE</invCountry>
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        <name>FUNAI SOKEN HOLDINGS INC</name>
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        <name>Corticeira Amorim-Sociedade Gestora</name>
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          <isin value="PTCOR0AE0006"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ship Healthcare Holdings, Inc.</name>
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          <isin value="JP3274150006"/>
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        <fairValLevel>1</fairValLevel>
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        <name>ADEKA CORP</name>
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          <isin value="JP3114800000"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Daido Steel Co Ltd</name>
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          <isin value="JP3491000000"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Engcon AB</name>
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          <isin value="SE0017769847"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Hokkaido Electric Power Co Inc</name>
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        <title>Hokkaido Electric Power Co Inc NPV</title>
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          <isin value="JP3850200001"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Autobacs Seven Co Ltd</name>
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          <isin value="JP3172500005"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CREATE SD HOLDINGS COMPANY LTD</name>
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        <title>Create Sd Holdings NPV</title>
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          <isin value="JP3269940007"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sims Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SUN FRONTIER FUDOUSAN COMPANY LTD</name>
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          <isin value="JP3336950005"/>
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        <name>Ricegrowers Limited</name>
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        <name>Westgold Resources Ltd.</name>
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        <name>BW Offshore Ltd</name>
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        <name>Zinzino Ab</name>
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        <name>Trial Holdings Inc</name>
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        <name>Seika Corp</name>
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        <name>Acomo NV</name>
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        <name>CNMC GOLDMINE HOLDINGS LTD</name>
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        <name>PCB TECHNOLOGIES LTD</name>
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        <name>Alerion Cleanpower</name>
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      <invstOrSec>
        <name>NIPPON SHOKUBAI CO LTD</name>
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        <name>MCJ COMPANY LTD</name>
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        <name>Hafnia Ltd.</name>
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        <name>Almirall SA</name>
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        <name>Ion Beam Applications SA</name>
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        <name>Toho Holdings Co Ltd.</name>
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          <isin value="JP3602600003"/>
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        <name>Hilan Ltd</name>
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        <name>MITSUBOSHI BELTING LTD</name>
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          <isin value="JP3904000001"/>
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        <name>Matas AS</name>
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        <name>Super Retail Group Ltd.</name>
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      <invstOrSec>
        <name>Maruzen Showa Unyu Co Ltd</name>
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          <isin value="JP3876000005"/>
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        <name>MEDITR TOWER</name>
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        <name>Rorze Corp</name>
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        <name>GUOCOLAND LTD</name>
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      <invstOrSec>
        <name>Smiths News Plc</name>
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        <name>Pihlajalinna Oyj</name>
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        <name>PARATUS ENERGY SERVICES LTD</name>
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        <name>Ansell Ltd.</name>
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        <name>FUJIMI INC</name>
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        <name>Costain Group Plc</name>
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      <invstOrSec>
        <name>Hexpol AB</name>
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        <invCountry>SE</invCountry>
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        <name>SUPPLY NETWORK LTD</name>
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        <title>Supply Network App NPV</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Premier Miton Group Plc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HEALTH &amp; HAPPINESS INTERNATIONAL HOLDINGS LTD</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Zotefoams PLC</name>
        <lei>213800B6P256B5XN8D32</lei>
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        <cusip>000000000</cusip>
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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>FAES Farma SA</name>
        <lei>959800FXZQY7U3P1G969</lei>
        <title>FAES Farma SA EUR0.1(REGD)</title>
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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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        <name>IDI INSURANCE CO LTD</name>
        <lei>N/A</lei>
        <title>I.D.I. Insurance Company Ltd ILS1.00</title>
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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>PARK 24 Co Ltd.</name>
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        <title>PARK 24 Co Ltd. NPV</title>
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          <isin value="JP3780100008"/>
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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>Hanwa Co Ltd</name>
        <lei>8EUP1TJYZFX3T1E5AJ33</lei>
        <title>Hanwa Co Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3777800008"/>
          <ticker value="8078"/>
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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>Construcciones Y Auxiliar De Ferrocarriles SA</name>
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        <title>Construcciones Y Auxiliar De Ferrocarriles SA EUR0.301</title>
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          <isin value="ES0121975009"/>
          <ticker value="CAF"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ooh Media Ltd.</name>
        <lei>984500D581E7E7A88078</lei>
        <title>Ooh Media Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000OML6"/>
          <ticker value="OML"/>
          <other otherDesc="SEDOL" value="BSXN8D0"/>
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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>Miura Co Ltd</name>
        <lei>3538005VS7UNWU9PHX56</lei>
        <title>Miura Co Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3880800002"/>
          <ticker value="6005"/>
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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>DREYFUS TRSY OBLIG CASH M</name>
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        <title>DREYFUS TRSY OBLIG CASH M</title>
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          <ticker value="DTRXX"/>
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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>NEW Wave Group Ab</name>
        <lei>5493006EIYZZYQILKS31</lei>
        <title>NEW Wave Group Ab SER'B'NPV</title>
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        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
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        <name>Retail Estates</name>
        <lei>5493007CO5W5OBFG7L21</lei>
        <title>Retail Estates NPV</title>
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        <invCountry>BE</invCountry>
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        <name>F-Secure Oyj (New)</name>
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        <assetCat>EC</assetCat>
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        <invCountry>FI</invCountry>
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      <invstOrSec>
        <name>Alimak Group AB</name>
        <lei>549300LC2ER06GDV6565</lei>
        <title>Alimak Group AB NPV</title>
        <cusip>000000000</cusip>
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          <ticker value="ALIG"/>
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        <name>Ingenia Communities Group</name>
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        <name>Chesnara PLC</name>
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        <title>Chesnara PLC ORD GBP0.05</title>
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        <name>TAG Immobilien AG</name>
        <lei>529900TAE68USJNXLR59</lei>
        <title>TAG Immobilien AG NPV</title>
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        <name>RYOYO RYOSAN HOLDINGS INC</name>
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        <name>ASHOT ASHKELON INDUSTRIES LTD</name>
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        <title>Ashot Ashkelon Industries Ltd. ILS1</title>
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        <assetCat>EC</assetCat>
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        <invCountry>IL</invCountry>
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      <invstOrSec>
        <name>Nissui Corporation</name>
        <lei>529900MPH5BMANQ3EC50</lei>
        <title>Nissui Corporation NPV</title>
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        <name>Paradox Interactive AB (publ)</name>
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        <name>Hargreaves Service</name>
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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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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Nichicon Corp</name>
        <lei>353800QK5U8ET4YJHF28</lei>
        <title>Nichicon Corp NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3661800007"/>
          <ticker value="6996"/>
          <other otherDesc="SEDOL" value="6638546"/>
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        <balance>16200.00000000</balance>
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        <pctVal>0.017889223068</pctVal>
        <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>KOTOBUKI SPIRITS COMPANY LTD</name>
        <lei>N/A</lei>
        <title>Kotobuki Spirits Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3299600001"/>
          <ticker value="2222"/>
          <other otherDesc="SEDOL" value="6489465"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Procredit Holding AG</name>
        <lei>529900LIN8L1K9MLTR09</lei>
        <title>Procredit Holding AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0006223407"/>
          <ticker value="PCZ"/>
          <other otherDesc="SEDOL" value="BYZCP69"/>
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        <balance>89725.00000000</balance>
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        <pctVal>0.077307094808</pctVal>
        <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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Mony Group PLC</name>
        <lei>54930016B7VO33FBE722</lei>
        <title>Mony Group PLC ORD GBP0.0002</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B1ZBKY84"/>
          <ticker value="MONY"/>
          <other otherDesc="SEDOL" value="B1ZBKY8"/>
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        <balance>720582.00000000</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ACROW LTD</name>
        <lei>N/A</lei>
        <title>Acrow Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000006124"/>
          <ticker value="ACF"/>
          <other otherDesc="SEDOL" value="BF1GMJ4"/>
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        <balance>685757.00000000</balance>
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        <pctVal>0.039932893137</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>
        <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>41860.00000000</balance>
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        <pctVal>0.066483360406</pctVal>
        <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>CAFE DE CORAL HOLDINGS LTD</name>
        <lei>N/A</lei>
        <title>Cafe De Coral Hldg HKD0.10</title>
        <cusip>000000000</cusip>
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          <isin value="BMG1744V1037"/>
          <ticker value="341"/>
          <other otherDesc="SEDOL" value="6160953"/>
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        <balance>1112000.00000000</balance>
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        <pctVal>0.061893132681</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mips AB</name>
        <lei>549300LZSA4S0L54VQ25</lei>
        <title>Mips AB NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0009216278"/>
          <ticker value="MIPS"/>
          <other otherDesc="SEDOL" value="BF2CVV6"/>
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        <balance>18795.00000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Melia Hotels International S.A.</name>
        <lei>959800JRKSZ6YZD4EL80</lei>
        <title>Melia Hotels International S.A. EUR0.2</title>
        <cusip>000000000</cusip>
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          <isin value="ES0176252718"/>
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          <other otherDesc="SEDOL" value="5738298"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</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>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0007640156"/>
          <ticker value="SHOT"/>
          <other otherDesc="SEDOL" value="BYSXJH8"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Next 15 Group PLC</name>
        <lei>213800BK9MBUZUUPMZ63</lei>
        <title>Next 15 Group PLC ORD GBP0.025</title>
        <cusip>000000000</cusip>
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          <isin value="GB0030026057"/>
          <ticker value="NFG"/>
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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>Luceco Plc</name>
        <lei>213800BBFZK4W4P98U76</lei>
        <title>Luceco Plc ORD GBP0.0005</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BZC0LP49"/>
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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>VTECH HOLDINGS LTD</name>
        <lei>N/A</lei>
        <title>VTech Holdings Ltd. USD0.05</title>
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          <isin value="BMG9400S1329"/>
          <ticker value="303"/>
          <other otherDesc="SEDOL" value="6928560"/>
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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>KOATSU GAS KOGYO CO LTD</name>
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        <title>Koatsu Gas Kogyo NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3285800003"/>
          <ticker value="4097"/>
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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>EVI LTD</name>
        <lei>N/A</lei>
        <title>EVT Limited NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000EVT1"/>
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          <other otherDesc="SEDOL" value="BDG0N49"/>
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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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        <name>Israel Canada T.R Ltd.</name>
        <lei>984500FA8AEA2CE5RB18</lei>
        <title>Israel Canada T.R Ltd. ILS1</title>
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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>Vossloh AG</name>
        <lei>5299003HAEOUVX3HWX43</lei>
        <title>Vossloh AG NPV</title>
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          <isin value="DE0007667107"/>
          <ticker value="VOS"/>
          <other otherDesc="SEDOL" value="5092336"/>
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        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
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      <invstOrSec>
        <name>GAV-YAM LANDS CORP LTD</name>
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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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        <name>IntegraFin Holdings plc</name>
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        <title>IntegraFin Holdings plc ORD GBP0.01</title>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Helical PLC</name>
        <lei>2138003SBD2Z7WV2MP70</lei>
        <title>Helical PLC ORD GBP0.01</title>
        <cusip>000000000</cusip>
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          <ticker value="HLCL"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Maas Group Holdings Limited</name>
        <lei>9845002E61U3EB3DD061</lei>
        <title>Maas Group Holdings Limited NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU0000118564"/>
          <ticker value="MGH"/>
          <other otherDesc="SEDOL" value="BLD4919"/>
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        <name>Genus PLC</name>
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        <name>ElEn Spa</name>
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        <name>The Yamanashi Chuo Bank, Ltd.</name>
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        <name>Sumitomo Heavy Industries Ltd</name>
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        <name>Deep Value Driller As</name>
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        <name>CROMWELL PROPERTY GROUP LTD</name>
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        <name>Beach Energy Ltd.</name>
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      <invstOrSec>
        <name>Konica Minolta Inc</name>
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      <invstOrSec>
        <name>SEIKO GROUP CORP</name>
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        <name>Societe BIC SA</name>
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        <name>JMDC Inc</name>
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          <isin value="JP3386690006"/>
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      <invstOrSec>
        <name>SIA Engineering Co</name>
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        <assetCat>EC</assetCat>
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        <name>Uniphar PLC</name>
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        <assetCat>EC</assetCat>
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        <name>Harvia Oyj</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Logistea AB</name>
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        <title>Logistea AB SER'B'NPV</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Compagnie des Alpes SA</name>
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        <name>NISHI-NIPPON RAILROAD CO LTD</name>
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        <name>Moreld ASA</name>
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        <name>Lintec Corp.</name>
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        <name>SURUGA Bank Ltd.</name>
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        <name>UT GROUP CO LTD</name>
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        <name>Mitsui E&amp;S Co Ltd</name>
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        <name>Lion Corp</name>
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        <name>SHIN-ETSU POLYMER CO LTD</name>
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        <name>Proximus S.A</name>
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        <name>SUSS MicroTec SE</name>
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        <name>Mutares SE &amp; Co. KGaA</name>
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        <name>Kogan.com Ltd.</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Brck Group PLC</name>
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        <cusip>000000000</cusip>
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          <isin value="GB00BK63S759"/>
          <ticker value="BRCK"/>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Hammerson PLC</name>
        <lei>213800G1C9KKVVDN1A60</lei>
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          <isin value="GB00BRJQ8J25"/>
          <ticker value="HMSO"/>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Shaver Shop Group Ltd</name>
        <lei>N/A</lei>
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          <isin value="AU000000SSG4"/>
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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>Barco NV</name>
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          <isin value="BE0974362940"/>
          <ticker value="BAR"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Synsam AB</name>
        <lei>5493000TMEGW9DHNOQ70</lei>
        <title>Synsam AB NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0016829709"/>
          <ticker value="SYNSAM"/>
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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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          <isCashCollateral>N</isCashCollateral>
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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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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Elecom Co., Ltd.</name>
        <lei>353800BXFUVR7EPC0G35</lei>
        <title>Elecom Co., Ltd. NPV</title>
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          <isin value="JP3168200008"/>
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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>Borussia Dortmund GmbH &amp; Co . KGaA</name>
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        <title>Borussia Dortmund GmbH &amp; Co . KGaA NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE0005493092"/>
          <ticker value="BVB"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OHSHO FOOD SERVICE CORP</name>
        <lei>N/A</lei>
        <title>Ohsho Food Service Corp. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3174300008"/>
          <ticker value="9936"/>
          <other otherDesc="SEDOL" value="6660936"/>
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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>Shufersal Ltd.</name>
        <lei>984500F64E05B78E0D41</lei>
        <title>Shufersal Ltd. ORD ILS0.1</title>
        <cusip>000000000</cusip>
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          <isin value="IL0007770378"/>
          <ticker value="SAE"/>
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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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      <invstOrSec>
        <name>GOLDWIN INC</name>
        <lei>N/A</lei>
        <title>Goldwin Inc. NPV</title>
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          <isin value="JP3306600002"/>
          <ticker value="8111"/>
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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>DAH Sing Banking G</name>
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          <isin value="HK2356013600"/>
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          <other otherDesc="SEDOL" value="B01G0P1"/>
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        <assetCat>EC</assetCat>
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        <invCountry>HK</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Immsi Spa</name>
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          <isin value="IT0001413837"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ROUND ONE CORP</name>
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          <isin value="JP3966800009"/>
          <ticker value="4680"/>
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        <invCountry>JP</invCountry>
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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"/>
          <ticker value="6103"/>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>ENERGIXS-RENEWABLE ENERGIES LTD</name>
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        <invCountry>IL</invCountry>
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      <invstOrSec>
        <name>Alligo AB</name>
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        <invCountry>SE</invCountry>
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      <invstOrSec>
        <name>CMC Markets PLC</name>
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        <title>CMC Markets PLC ORD GBP0.25</title>
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        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>Nisshinbo Holdings Inc</name>
        <lei>353800YAM89GL5GPHB47</lei>
        <title>Nisshinbo Holdings 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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      <invstOrSec>
        <name>Travis Perkins PLC</name>
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        <title>Travis Perkins PLC ORD GBP0.11205105</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Domino's Pizza Group PLC</name>
        <lei>213800Q6ZKHAOV48JL75</lei>
        <title>Domino's Pizza Group PLC ORD GBP0.00520833</title>
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          <ticker value="DOM"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>FIDUCIAN GROUP LTD</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Platzer Fastigheter Holding AB (publ)</name>
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          <isin value="SE0004977692"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KSH Holdings Ltd</name>
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          <isin value="SG1W44939146"/>
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        <invCountry>SG</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GWA GROUP LTD</name>
        <lei>N/A</lei>
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          <isin value="AU000000GWA4"/>
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        <payoffProfile>Long</payoffProfile>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VENTIA SERVICES GROUP LTD</name>
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          <isin value="AU0000184459"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Revo Insurance</name>
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          <isin value="IT0005513202"/>
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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>INABA DENKISANGYO CO LTD</name>
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        <title>Inaba Denkisangyo NPV</title>
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          <isin value="JP3146200005"/>
          <ticker value="9934"/>
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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>NP3 Fastigheter AB (publ)</name>
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        <title>NP3 Fastigheter AB (publ) NPV</title>
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          <isin value="SE0006342333"/>
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          <other otherDesc="SEDOL" value="BT6SSF1"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INTEGRAL DIAGNOSTICS LTD</name>
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        <title>Integral Diagnostics Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000IDX2"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Deceuninck</name>
        <lei>549300R6YGQQ24P6WW72</lei>
        <title>Deceuninck NPV</title>
        <cusip>000000000</cusip>
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          <isin value="BE0003789063"/>
          <ticker value="DECB"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>BE</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Gunze Ltd</name>
        <lei>353800VSSDM5IY8UNW44</lei>
        <title>Gunze Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3275200008"/>
          <ticker value="3002"/>
          <other otherDesc="SEDOL" value="6398709"/>
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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>Elixirr International Plc</name>
        <lei>213800MKY7OHMVAKW681</lei>
        <title>Elixirr International Plc ORD GBP0.00005</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BLPHTX84"/>
          <ticker value="ELIX"/>
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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>Coats Group PLC</name>
        <lei>2138003SPYWGAITNFY17</lei>
        <title>Coats Group PLC ORD GBP0.05</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B4YZN328"/>
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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>VGP NV</name>
        <lei>315700NENYPIXFR94T49</lei>
        <title>VGP NV NPV</title>
        <cusip>000000000</cusip>
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          <isin value="BE0003878957"/>
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        <assetCat>EC</assetCat>
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        <invCountry>BE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tomoku Co., Ltd.</name>
        <lei>353800L6Q5CBPI6NIQ21</lei>
        <title>Tomoku Co., Ltd. NPV</title>
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          <isin value="JP3554000004"/>
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      <invstOrSec>
        <name>Keikyu Corp</name>
        <lei>N/A</lei>
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          <isin value="JP3280200001"/>
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        <name>Lectra SA</name>
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        <invCountry>FR</invCountry>
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        <name>ChemoMetec A/S</name>
        <lei>213800533NBKECGONO68</lei>
        <title>ChemoMetec A/S DKK1</title>
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        <invCountry>DK</invCountry>
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        <name>Kainos Group PLC</name>
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        <title>Kainos Group PLC ORD GBP0.005</title>
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        <name>Nakanishi Inc</name>
        <lei>353800EXA7IQ42YKF224</lei>
        <title>Nakanishi Inc NPV</title>
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        <name>FIBI HOLDINGS LTD</name>
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        <title>FIBI Holdings Ltd. ILS0.05</title>
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        <invCountry>IL</invCountry>
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      <invstOrSec>
        <name>BioGaia AB</name>
        <lei>549300UBUJOY2L7TT361</lei>
        <title>BioGaia AB SER'B'NPV</title>
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          <isin value="SE0017769995"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Pennon Group PLC</name>
        <lei>213800V1CCTS41GWH423</lei>
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        <cusip>000000000</cusip>
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          <isin value="GB00BNNTLN49"/>
          <ticker value="PNN"/>
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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>
      <invstOrSec>
        <name>CENTURIA CAPITAL LTD</name>
        <lei>N/A</lei>
        <title>Centuria Capital Group NPV STAPLED</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000CNI5"/>
          <ticker value="CNI"/>
          <other otherDesc="SEDOL" value="6518745"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SIRIUS REAL ESTATE LTD</name>
        <lei>213800NURUF5W8QSK566</lei>
        <title>Sirius Real Estate Ltd. ORD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="GG00B1W3VF54"/>
          <ticker value="SRE"/>
          <other otherDesc="SEDOL" value="B1W3VF5"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Atreyu Capital Markets Ltd</name>
        <lei>N/A</lei>
        <title>Atreyu Capital Markets Ltd ILS0.01</title>
        <cusip>000000000</cusip>
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          <isin value="IL0010961063"/>
          <ticker value="ATRY"/>
          <other otherDesc="SEDOL" value="B116X26"/>
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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>NISHI-NIPPON FINANCIAL HOLDINGS INC</name>
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        <title>Nishi-Nippon Financial Holdings Inc. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3658850007"/>
          <ticker value="7189"/>
          <other otherDesc="SEDOL" value="BD57ZM3"/>
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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>SMARTONE TELECOMMUNICATIONS HOLDINGS LTD</name>
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        <title>SmarTone Telecommunications Holdings Limited ORD HKD0.10</title>
        <cusip>000000000</cusip>
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          <isin value="BMG8219Z1059"/>
          <ticker value="315"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Computer Engineering &amp; Consulting Ltd</name>
        <lei>N/A</lei>
        <title>Computer Engineering &amp; Consulting Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3346200003"/>
          <ticker value="9692"/>
          <other otherDesc="SEDOL" value="6215314"/>
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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>Ogaki Kyoritsu Bank Ltd</name>
        <lei>549300M5X5T6C27W3H96</lei>
        <title>Ogaki Kyoritsu Bank Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3176000002"/>
          <ticker value="8361"/>
          <other otherDesc="SEDOL" value="6656485"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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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>154606.00000000</balance>
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        <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>
        <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>106000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FirstGroup PLC</name>
        <lei>549300DEJZCPWA4HKM93</lei>
        <title>FirstGroup PLC ORD GBP0.05</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0003452173"/>
          <ticker value="FGP"/>
          <other otherDesc="SEDOL" value="0345217"/>
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        <balance>480092.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ezaki Glico Co., Ltd.</name>
        <lei>3538001RG4BHKDFV6G61</lei>
        <title>Ezaki Glico Co., Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3161200005"/>
          <ticker value="2206"/>
          <other otherDesc="SEDOL" value="6327703"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Cloetta Ab</name>
        <lei>549300CSLHPO6Y1AZN37</lei>
        <title>Cloetta Ab SER'B'NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0002626861"/>
          <ticker value="CLAB"/>
          <other otherDesc="SEDOL" value="B3K5QQ3"/>
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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>Kitz Corp</name>
        <lei>52990071D57KBWPS6S92</lei>
        <title>Kitz Corp NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3240700009"/>
          <ticker value="6498"/>
          <other otherDesc="SEDOL" value="6494276"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NOEVIR HOLDINGS COMPANY LTD</name>
        <lei>N/A</lei>
        <title>Noevir Holdings Co Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3760450001"/>
          <ticker value="4928"/>
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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>Pets At Home Group PLC</name>
        <lei>2138003Y9ULD24PD3J93</lei>
        <title>Pets At Home Group PLC ORD GBP0.01</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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        <name>DANYA CEBUS LTD</name>
        <lei>N/A</lei>
        <title>Danya Cebus Ltd. ILS1.00</title>
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          <other otherDesc="SEDOL" value="BNKHD79"/>
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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>SHAPE AUSTRALIA CORP LTD</name>
        <lei>N/A</lei>
        <title>Shape Australia Corporation Limited NPV</title>
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          <ticker value="SHA"/>
          <other otherDesc="SEDOL" value="BP9SCF8"/>
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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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        <name>DELTA ISRAEL BRANDS LTD</name>
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        <title>Delta Israel Brands Ltd. ILS0.1</title>
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          <ticker value="DLTI"/>
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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>Betsson AB (publ)</name>
        <lei>549300W61XW8OFGBG077</lei>
        <title>Betsson AB (publ) NPV B</title>
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          <isin value="SE0022726485"/>
          <ticker value="BETSB"/>
          <other otherDesc="SEDOL" value="BMWC784"/>
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        <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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      <invstOrSec>
        <name>Coor Service Management Holding AB</name>
        <lei>529900TMO6717OKBSU69</lei>
        <title>Coor Service Management Holding AB NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0007158829"/>
          <ticker value="COOR"/>
          <other otherDesc="SEDOL" value="BYZG7C1"/>
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        <valUSD>695087.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FURUNO ELECTRIC COMPANY LTD</name>
        <lei>N/A</lei>
        <title>Furuno Electric Co NPV</title>
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          <isin value="JP3828400006"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Macfarlane Group</name>
        <lei>213800LVRYDERSJAAZ73</lei>
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          <isin value="GB0005518872"/>
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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>Meitav Investment House Ltd.</name>
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        <title>Meitav Investment House Ltd. ILS1</title>
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          <isin value="IL0010818438"/>
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        <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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          <isin value="GG00B1Z5FH87"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>GG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <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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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>AT</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RENGO CO LTD</name>
        <lei>N/A</lei>
        <title>Rengo Co., Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3981400009"/>
          <ticker value="3941"/>
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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>SERIA COMPANY LTD</name>
        <lei>N/A</lei>
        <title>Seria Co Ltd. NPV</title>
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          <isin value="JP3423520000"/>
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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>MEGMILK SNOW BRAND COMPANY LTD</name>
        <lei>N/A</lei>
        <title>Megmilk Snow Brand NPV</title>
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          <isin value="JP3947800003"/>
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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>Forterra PLC</name>
        <lei>213800O5DD6ATBVJAD23</lei>
        <title>Forterra PLC ORD GBP0.01</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BYYW3C20"/>
          <ticker value="FORT"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sisram Medical Ltd</name>
        <lei>N/A</lei>
        <title>Sisram Medical Ltd ILS0.01</title>
        <cusip>000000000</cusip>
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          <isin value="IL0011418113"/>
          <ticker value="1696"/>
          <other otherDesc="SEDOL" value="BD9G4P2"/>
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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>FP Corp</name>
        <lei>N/A</lei>
        <title>FP Corp NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3167000003"/>
          <ticker value="7947"/>
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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>Deutz AG</name>
        <lei>5299005DETTV58V2PP63</lei>
        <title>Deutz AG NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE0006305006"/>
          <ticker value="DEZ"/>
          <other otherDesc="SEDOL" value="4557847"/>
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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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      <invstOrSec>
        <name>Kumagai Gumi Co Ltd</name>
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        <title>Kumagai Gumi Co Ltd NPV</title>
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          <isin value="JP3266800006"/>
          <ticker value="1861"/>
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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>Tokai Tokyo Financial Holdings Inc.</name>
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          <isin value="JP3577600004"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PREMIER INVESTMENTS LTD</name>
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        <invCountry>AU</invCountry>
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      <invstOrSec>
        <name>Multiconsult ASA</name>
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      <invstOrSec>
        <name>DIP CORP</name>
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        <name>ASHTROM GROUP LTD</name>
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        <name>AF Gruppen ASA</name>
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      <invstOrSec>
        <name>Nojima Corp</name>
        <lei>N/A</lei>
        <title>Nojima Corp NPV</title>
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      </invstOrSec>
      <invstOrSec>
        <name>TEIKOKU CORP</name>
        <lei>N/A</lei>
        <title>Teikoku Corp. NPV</title>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Okumura Corp</name>
        <lei>N/A</lei>
        <title>Okumura Corp NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3194800003"/>
          <ticker value="1833"/>
          <other otherDesc="SEDOL" value="6657808"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Futaba Industrial Co Ltd</name>
        <lei>N/A</lei>
        <title>Futaba Industrial Co Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3824000008"/>
          <ticker value="7241"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>YAHAGI CONSTRUCTION CO LTD</name>
        <lei>N/A</lei>
        <title>Yahagi Construct NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3933200002"/>
          <ticker value="1870"/>
          <other otherDesc="SEDOL" value="6985037"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Addnode Group AB</name>
        <lei>213800CQXEA3W1YWXZ31</lei>
        <title>Addnode Group AB SER'B'NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0017885767"/>
          <ticker value="ANODB"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kansai Paint Co Ltd.</name>
        <lei>549300ERRV6FTKH9NN70</lei>
        <title>Kansai Paint Co Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3229400001"/>
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          <other otherDesc="SEDOL" value="6483746"/>
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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>Ryobi Ltd</name>
        <lei>N/A</lei>
        <title>Ryobi Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3975800008"/>
          <ticker value="5851"/>
          <other otherDesc="SEDOL" value="6762906"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ninety One PLC</name>
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        <cusip>000000000</cusip>
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          <isin value="GB00BJHPLV88"/>
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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>Digital Value Spa</name>
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        <title>Digital Value Spa NPV</title>
        <cusip>000000000</cusip>
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          <isin value="IT0005347429"/>
          <ticker value="DGV"/>
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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>Nichirei Corp</name>
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        <title>Nichirei Corp NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3665200006"/>
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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>Porr AG</name>
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        <title>Porr AG NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AT0000609607"/>
          <ticker value="POS"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>AT</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Abacus Group</name>
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          <isin value="AU0000291882"/>
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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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        <name>DAH Sing Financial</name>
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        <title>DAH Sing Financial NPV</title>
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          <isin value="HK0440001847"/>
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        <assetCat>EC</assetCat>
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        <invCountry>HK</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Lovisa Holdings Ltd.</name>
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        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Eurocommercial Properties N.V</name>
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        <title>Eurocommercial Properties N.V EUR10.00</title>
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        <invCountry>NL</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Srg Global Ltd</name>
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        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Nagase &amp; Co Ltd</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Young &amp; Co's Brewery PLC</name>
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        <name>City Of Lon Inv Gp</name>
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        <name>Calbee Inc.</name>
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        <title>Calbee Inc. NPV</title>
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        <name>DELFI LTD</name>
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        <name>Topy Industries Ltd</name>
        <lei>N/A</lei>
        <title>Topy Industries Ltd NPV</title>
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        <name>SINFONIA TECHNOLOGY COMPANY LTD</name>
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        <name>Aozora Bank Ltd.</name>
        <lei>X0XUGKC9FD2CYUQNC010</lei>
        <title>Aozora Bank Ltd. NPV</title>
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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>NISSEI ASB MACHINE COMPANY LTD</name>
        <lei>N/A</lei>
        <title>Nissei Asb Machine NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3678200001"/>
          <ticker value="6284"/>
          <other otherDesc="SEDOL" value="6644974"/>
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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>Yamagata Bank, Ltd.</name>
        <lei>353800OXF3M14RULQG45</lei>
        <title>Yamagata Bank, Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3934800008"/>
          <ticker value="8344"/>
          <other otherDesc="SEDOL" value="6985242"/>
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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>
      <invstOrSec>
        <name>NRW Holdings Ltd</name>
        <lei>5493003S2MORCH0HEL95</lei>
        <title>NRW Holdings Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000NWH5"/>
          <ticker value="NWH"/>
          <other otherDesc="SEDOL" value="B23XW70"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Jupiter Fund Management PLC</name>
        <lei>5493003DJ1G01IMQ7S28</lei>
        <title>Jupiter Fund Management PLC ORD GBP0.02</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B53P2009"/>
          <ticker value="JUP"/>
          <other otherDesc="SEDOL" value="B53P200"/>
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        <balance>516004.00000000</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>Seiren Co Ltd</name>
        <lei>353800O8K6NWOIT8Q636</lei>
        <title>Seiren Co Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3413800008"/>
          <ticker value="3569"/>
          <other otherDesc="SEDOL" value="6793520"/>
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        <balance>24400.00000000</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>Personal Group Hld</name>
        <lei>213800TN8BH2YYWAH345</lei>
        <title>Personal Group Hld ORD GBP0.05</title>
        <cusip>000000000</cusip>
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          <isin value="GB0002760279"/>
          <ticker value="PGH"/>
          <other otherDesc="SEDOL" value="0276027"/>
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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>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>94098.00000000</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>NTN Corp</name>
        <lei>3538008XP7ZG9BKBQX64</lei>
        <title>NTN Corp NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3165600002"/>
          <ticker value="6472"/>
          <other otherDesc="SEDOL" value="6651189"/>
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        <balance>177100.00000000</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>SENSHU IKEDA HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>Senshu Ikeda Holdings Inc. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3132600002"/>
          <ticker value="8714"/>
          <other otherDesc="SEDOL" value="B40T3T4"/>
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        <balance>88700.00000000</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>Sky Perfect Jsat Corp.</name>
        <lei>5299009SAF34W9TVEF26</lei>
        <title>Sky Perfect Jsat Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3396350005"/>
          <ticker value="9412"/>
          <other otherDesc="SEDOL" value="B1TK234"/>
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        <balance>108100.00000000</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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      <invstOrSec>
        <name>G8 Education Ltd.</name>
        <lei>5299008FNTQ0LDQ3UZ44</lei>
        <title>G8 Education Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000GEM7"/>
          <ticker value="GEM"/>
          <other otherDesc="SEDOL" value="B296314"/>
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        <balance>1482882.00000000</balance>
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        <pctVal>0.024968949400</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>
        <name>Morgan Advanced Materials PLC</name>
        <lei>I4K14LL95N2PHDL7EG85</lei>
        <title>Morgan Advanced Materials PLC ORD GBP0.25</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0006027295"/>
          <ticker value="MGAM"/>
          <other otherDesc="SEDOL" value="0602729"/>
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        <balance>304441.00000000</balance>
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        <valUSD>806946.92000000</valUSD>
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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>Currys PLC</name>
        <lei>2138001E12GWLLDQQF16</lei>
        <title>Currys PLC ORD GBP0.001</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B4Y7R145"/>
          <ticker value="CURY"/>
          <other otherDesc="SEDOL" value="B4Y7R14"/>
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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>Corporate Travel Management Ltd.</name>
        <lei>529900NSAKXFXS5XED26</lei>
        <title>Corporate Travel Management Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000CTD3"/>
          <ticker value="CTD"/>
          <other otherDesc="SEDOL" value="B3R1D52"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Isramco Negev 2 LP</name>
        <lei>213800N8SB4D3Y6BFI15</lei>
        <title>Isramco Negev 2 LP ORD ILS1.00 (LIMITED PARTNERSHIP)</title>
        <cusip>000000000</cusip>
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          <isin value="IL0002320179"/>
          <ticker value="ISRA"/>
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        <assetCat>EP</assetCat>
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        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Vulcan Steel Ltd.</name>
        <lei>98450060022AC677C824</lei>
        <title>Vulcan Steel Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU0000181984"/>
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          <other otherDesc="SEDOL" value="BMG3PV2"/>
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        <assetCat>EC</assetCat>
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        <invCountry>NZ</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MIVNE REAL ESTATE (K.D.) LTD</name>
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        <title>Mivne Real Estate (K.D) Ltd ILS1</title>
        <cusip>000000000</cusip>
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          <ticker value="MVNE"/>
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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>Chugoku Electric Power Co Inc</name>
        <lei>353800MV866ELME96Q46</lei>
        <title>Chugoku Electric Power Co Inc NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3522200009"/>
          <ticker value="9504"/>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>On The Beach Group PLC</name>
        <lei>213800K51Y9BZY7F9R69</lei>
        <title>On The Beach Group PLC ORD GBP0.01</title>
        <cusip>000000000</cusip>
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        <invCountry>GB</invCountry>
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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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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Magellan Financial Group Ltd.</name>
        <lei>549300X5WFW6USQQ9U26</lei>
        <title>Magellan Financial Group Ltd. NPV</title>
        <cusip>000000000</cusip>
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        <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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      <invstOrSec>
        <name>Bank of Nagoya Ltd</name>
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        <title>Bank of Nagoya Ltd NPV</title>
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          <isin value="JP3648800005"/>
          <ticker value="8522"/>
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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>
      <invstOrSec>
        <name>DALRYMPLE BAY INFRASTRUCTURE LTD</name>
        <lei>N/A</lei>
        <title>Dalrymple Bay Infrastructure Limited NPV UNIT 1 COM &amp; 1 LOAN NOTES</title>
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        <identifiers>
          <isin value="AU0000120628"/>
          <ticker value="DBI"/>
          <other otherDesc="SEDOL" value="BNM6Z56"/>
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        <balance>546575.00000000</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>
      <invstOrSec>
        <name>Nippn Corporation</name>
        <lei>353800V7HRZ1HQGJCW63</lei>
        <title>Nippn Corporation NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3723000000"/>
          <ticker value="2001"/>
          <other otherDesc="SEDOL" value="6640745"/>
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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>
      <invstOrSec>
        <name>ANRITSU CORP</name>
        <lei>N/A</lei>
        <title>Anritsu Corp. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3128800004"/>
          <ticker value="6754"/>
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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>Kokuyo Co Ltd</name>
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        <title>Kokuyo Co Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3297000006"/>
          <ticker value="7984"/>
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        <balance>182800.00000000</balance>
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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>AS ONE CORP</name>
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          <isin value="JP3131300000"/>
          <ticker value="7476"/>
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        <balance>21700.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DREY INST PREF GOV MM-M</name>
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        <cusip>000000000</cusip>
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          <ticker value="DSVXX"/>
          <other otherDesc="INTERNAL" value="BYM4CH2D2"/>
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        <curCd>USD</curCd>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CARASSO REAL ESTATE LTD</name>
        <lei>N/A</lei>
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          <isin value="IL0011879629"/>
          <ticker value="CRSR"/>
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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>Daihen Corp</name>
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        <title>Daihen Corp NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3497800007"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Smartgroup Corp Ltd.</name>
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        <title>Smartgroup Corp Ltd. NPV</title>
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          <isin value="AU000000SIQ4"/>
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        <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>GR ENGINEERING SERVICES LTD</name>
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        <title>GR Engineering Ser NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000GNG0"/>
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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>Hazama Ando Corporation</name>
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        <title>Hazama Ando Corporation NPV</title>
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          <isin value="JP3767810009"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Norconsult ASA</name>
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        <title>Norconsult ASA NOK0.02</title>
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        <invCountry>NO</invCountry>
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      <invstOrSec>
        <name>Meidensha Corporation</name>
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        <title>Meidensha Corporation NPV</title>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <name>WisdomTree Trust</name>
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        <title>WisdomTree Europe SmallCap Dividend Fund</title>
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          <ticker value="DFE"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Riken Vitamin Co Ltd</name>
        <lei>N/A</lei>
        <title>Riken Vitamin Co Ltd NPV</title>
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          <isin value="JP3972600005"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Thorpe(Fw) PLC</name>
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        <name>Kier Group PLC</name>
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        <title>Kier Group PLC ORD GBP0.01</title>
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        <name>NIB Holdings Ltd.</name>
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        <title>NIB Holdings Ltd. NPV</title>
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        <invCountry>AU</invCountry>
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        <name>KYB Corporation</name>
        <lei>353800TNYJJSI69KPE33</lei>
        <title>KYB Corporation NPV</title>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Big Yellow Group PLC</name>
        <lei>213800W7Q4V2ZI8LIW31</lei>
        <title>Big Yellow Group PLC ORD GBP0.10</title>
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          <ticker value="BYG"/>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Comfortdelgro Corp Ltd.</name>
        <lei>2549005O5PVA2JCH6Q33</lei>
        <title>Comfortdelgro Corp Ltd. NPV</title>
        <cusip>000000000</cusip>
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        <invCountry>SG</invCountry>
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        <name>Aspial Lifestyle Limited</name>
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        <name>Datalogic Spa</name>
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      <invstOrSec>
        <name>James Halstead Plc</name>
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        <name>GAS Plus Spa</name>
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        <name>HO Bee Land Limited</name>
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        <title>HO Bee Land Limited NPV</title>
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        <name>TOCALO COMPANY LTD</name>
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          <isin value="JP3552290003"/>
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        <name>ODFJELL DRILLING LTD</name>
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        <name>Taikisha Ltd</name>
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        <name>Raisio Oyj</name>
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        <name>Wee Hur Holdings Ltd.</name>
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        <name>Bunka Shutter Co., Ltd.</name>
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        <name>Premier Foods PLC</name>
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        <name>Hong Leong Asia Limited</name>
        <lei>254900OXRICREAQ3VU73</lei>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Hokkaido Gas Co Ltd</name>
        <lei>N/A</lei>
        <title>Hokkaido Gas Co Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3847000001"/>
          <ticker value="9534"/>
          <other otherDesc="SEDOL" value="6431347"/>
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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>Perenti Ltd.</name>
        <lei>25490044GUNE4S2E6K11</lei>
        <title>Perenti Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU0000061897"/>
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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>NSD COMPANY LTD</name>
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        <cusip>000000000</cusip>
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          <isin value="JP3712600000"/>
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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>JTC PLC</name>
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        <cusip>000000000</cusip>
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          <isin value="JE00BF4X3P53"/>
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          <other otherDesc="SEDOL" value="BF4X3P5"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Kaufman &amp; Broad SA</name>
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        <title>Kaufman &amp; Broad SA EUR0.26</title>
        <cusip>000000000</cusip>
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          <isin value="FR0004007813"/>
          <ticker value="KOF"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Koninklijke Bam Groep NV</name>
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        <title>Koninklijke Bam Groep NV EUR0.10</title>
        <cusip>000000000</cusip>
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          <isin value="NL0000337319"/>
          <ticker value="BAMNB"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>NL</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Interparfums SA</name>
        <lei>969500SARWF33OPQED48</lei>
        <title>Interparfums SA EUR3</title>
        <cusip>000000000</cusip>
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          <isin value="FR0004024222"/>
          <ticker value="ITP"/>
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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>Nolato AB</name>
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        <title>Nolato AB SER'B'NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0015962477"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MADER GROUP LTD</name>
        <lei>N/A</lei>
        <title>Mader Group Limited NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU0000056269"/>
          <ticker value="MAD"/>
          <other otherDesc="SEDOL" value="BHNG8Z4"/>
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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>Ascopiave</name>
        <lei>815600ABFF26D15A4920</lei>
        <title>Ascopiave EUR1</title>
        <cusip>000000000</cusip>
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          <isin value="IT0004093263"/>
          <ticker value="ASC"/>
          <other otherDesc="SEDOL" value="B1JMNT3"/>
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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>Glory Ltd</name>
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        <title>Glory Ltd NPV</title>
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          <isin value="JP3274400005"/>
          <ticker value="6457"/>
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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>Implenia AG</name>
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        <title>Implenia AG CHF1.02 (REGD)</title>
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        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>
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      <invstOrSec>
        <name>Hilton Food Group PLC</name>
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        <title>Hilton Food Group PLC ORD GBP0.10</title>
        <cusip>000000000</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>Tokyo Seimitsu Co Ltd</name>
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        <name>Create Restaurants Holdings Inc</name>
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        <title>Create Restaurants Holdings Inc NPV</title>
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        <name>Wereldhave NV</name>
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        <title>Wereldhave NV EUR1</title>
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        <name>Meiko Electronics Co Ltd.</name>
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        <title>Meiko Electronics Co Ltd. NPV</title>
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        <name>Tubacex Sa</name>
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        <name>SYSTENA CORP</name>
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        <title>Systempro Co Ltd NPV</title>
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        <name>Indus Holding Ag</name>
        <lei>529900GE4O7ZOMRWR939</lei>
        <title>Indus Holding Ag NPV</title>
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        <invCountry>DE</invCountry>
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        <name>Pan-United Corp Ltd.</name>
        <lei>25490013KRZW2JQ13645</lei>
        <title>Pan-United Corp Ltd. NPV</title>
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        <assetCat>EC</assetCat>
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        <invCountry>SG</invCountry>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORINAGA &amp; CO. LTD</name>
        <lei>N/A</lei>
        <title>Morinaga &amp; Co., Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3926400007"/>
          <ticker value="2201"/>
          <other otherDesc="SEDOL" value="6602604"/>
        </identifiers>
        <balance>31600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.09000000"/>
        <valUSD>536399.52000000</valUSD>
        <pctVal>0.054946950916</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>ITO EN LTD</name>
        <lei>N/A</lei>
        <title>ITO En Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3143000002"/>
          <ticker value="2593"/>
          <other otherDesc="SEDOL" value="6455789"/>
        </identifiers>
        <balance>14600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="159.09000000"/>
        <valUSD>273159.22000000</valUSD>
        <pctVal>0.027981505750</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>Nine Entertainment Co Holdings Ltd.</name>
        <lei>529900WLXD3X7TFOAI42</lei>
        <title>Nine Entertainment Co Holdings Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000NEC4"/>
          <ticker value="NEC"/>
          <other otherDesc="SEDOL" value="BGQV183"/>
        </identifiers>
        <balance>1970556.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.46006700"/>
        <valUSD>1282152.26000000</valUSD>
        <pctVal>0.131339336950</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>
        </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>
</edgarSubmission>
