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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>HSBC BANK PLC</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
        <title>CURRENCY CONTRACT - USD</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DAIKIN INDUSTRIES LTD</name>
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        <title>DAIKIN INDUSTRIES LTD NPV</title>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>INDUTRADE AB</name>
        <lei>549300FISLQ6CEFP1867</lei>
        <title>INDUTRADE AB NPV</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NITERRA CO LTD</name>
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        <title>NITERRA CO LTD NPV</title>
        <cusip>000000000</cusip>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HSBC BANK PLC</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
        <title>CURRENCY CONTRACT - SEK</title>
        <cusip>000000000</cusip>
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      <invstOrSec>
        <name>SPIRE HEALTHCARE GROUP PLC</name>
        <lei>213800IBJPW3SE2RA350</lei>
        <title>SPIRE HEALTHCARE GROUP PLC ORD GBP0.01</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>BAROQUE JAPAN LTD</name>
        <lei>N/A</lei>
        <title>BAROQUE JAPAN LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3778450001"/>
          <ticker value="3548"/>
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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>INFRASTRUTTURE WIRELESS ITALIANE SPA</name>
        <lei>81560066183FE361C071</lei>
        <title>INFRASTRUTTURE WIRELESS ITALIANE SPA NPV</title>
        <cusip>000000000</cusip>
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          <isin value="IT0005090300"/>
          <ticker value="INW"/>
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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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        <name>ESSILORLUXOTTICA SA</name>
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        <title>ESSILORLUXOTTICA SA EUR0.18</title>
        <cusip>000000000</cusip>
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          <ticker value="EL"/>
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        <invCountry>FR</invCountry>
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        <name>SWECO AB</name>
        <lei>549300Q4Y55VICYV6U90</lei>
        <title>SWECO AB SER'B'NPV</title>
        <cusip>000000000</cusip>
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          <other otherDesc="SEDOL" value="BLN9XH8"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>SYMRISE AG</name>
        <lei>529900D82I6R9601CF26</lei>
        <title>SYMRISE AG NPV (BR)</title>
        <cusip>000000000</cusip>
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        <invCountry>DE</invCountry>
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        <name>PEAB AB</name>
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        <title>PEAB AB SER'B'NPV</title>
        <cusip>000000000</cusip>
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        <name>PERSEUS MINING LTD</name>
        <lei>54930054ZDGKBCW3SM26</lei>
        <title>PERSEUS MINING LTD NPV</title>
        <cusip>000000000</cusip>
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        <invCountry>AU</invCountry>
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        <name>MAZDA MOTOR CORP</name>
        <lei>52990044YZJLICDQKK92</lei>
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        <name>METROVACESA SA</name>
        <lei>959800ZQW44V5U3SEZ73</lei>
        <title>METROVACESA SA EUR7.2</title>
        <cusip>000000000</cusip>
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          <ticker value="MVC"/>
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        <name>SANKI ENGINEERING CO LTD</name>
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        <title>SANKI ENGINEERING CO LTD NPV</title>
        <cusip>000000000</cusip>
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        <name>ORICA LTD</name>
        <lei>N/A</lei>
        <title>ORICA LTD NPV</title>
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        <name>KAKAKU.COM INC</name>
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        <name>GUNMA BANK LTD (THE)</name>
        <lei>54930054A69VC4I5BP89</lei>
        <title>GUNMA BANK LTD (THE) NPV</title>
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          <ticker value="8334"/>
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        <invCountry>JP</invCountry>
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        <name>BANCA MEDIOLANUM SPA</name>
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          <isin value="IT0004776628"/>
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      <invstOrSec>
        <name>ADDTECH AB</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>INFINEON TECHNOLOGIES AG</name>
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          <isin value="DE0006231004"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WARABEYA NICHIYO HOLDINGS CO LTD</name>
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          <isin value="JP3994400004"/>
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        <fairValLevel>1</fairValLevel>
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        <name>SOFTCREATE HOLDINGS CORP</name>
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          <isin value="JP3436040004"/>
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      <invstOrSec>
        <name>MONADELPHOUS GROUP LTD</name>
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        <name>NOMURA RESEARCH INSTITUTE LTD</name>
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          <isin value="JP3762800005"/>
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          <isin value="JP3983600002"/>
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        <name>DRAX GROUP PLC</name>
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        <name>RBC DOMINION SECURITIES INC.</name>
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      </invstOrSec>
      <invstOrSec>
        <name>ELBIT SYSTEMS LTD</name>
        <lei>529900Q9CB1REUMZSS32</lei>
        <title>ELBIT SYSTEMS LTD ILS1</title>
        <cusip>000000000</cusip>
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          <isin value="IL0010811243"/>
          <ticker value="ESLT"/>
          <other otherDesc="SEDOL" value="6308913"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Centuria Capital Group</name>
        <lei>N/A</lei>
        <title>Centuria Capital Group SUBS RTS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000475808"/>
          <ticker value="CNIAQ"/>
          <other otherDesc="SEDOL" value="BVSTMB0"/>
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        <balance>8027.00000000</balance>
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        <pctVal>0.000000000691</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WORLD HOLDINGS CO LTD</name>
        <lei>N/A</lei>
        <title>WORLD HOLDINGS CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3990220000"/>
          <ticker value="2429"/>
          <other otherDesc="SEDOL" value="B05J4P4"/>
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        <balance>9100.00000000</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>ALTECH CORP</name>
        <lei>N/A</lei>
        <title>ALTECH CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3126350002"/>
          <ticker value="4641"/>
          <other otherDesc="SEDOL" value="6029560"/>
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        <balance>24600.00000000</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>
      <invstOrSec>
        <name>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>BARCLAYS PLC ORD GBP0.25</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0031348658"/>
          <ticker value="BARC"/>
          <other otherDesc="SEDOL" value="3134865"/>
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        <balance>304141.00000000</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>SHENG SIONG GROUP LTD</name>
        <lei>N/A</lei>
        <title>SHENG SIONG GROUP LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG2D54973185"/>
          <ticker value="SSG"/>
          <other otherDesc="SEDOL" value="B657MH8"/>
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        <balance>190300.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.29345000"/>
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        <pctVal>0.032879279969</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BAYCURRENT INC</name>
        <lei>N/A</lei>
        <title>BAYCURRENT INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3835250006"/>
          <ticker value="6532"/>
          <other otherDesc="SEDOL" value="BYP20B9"/>
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        <balance>27300.00000000</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>U-NEXT HOLDINGS CO LTD</name>
        <lei>5299008NVOZT1CQ62M22</lei>
        <title>U-NEXT HOLDINGS CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3944640006"/>
          <ticker value="9418"/>
          <other otherDesc="SEDOL" value="BSN5BP9"/>
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        <balance>50300.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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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>HENKEL AG &amp; CO. KGAA</name>
        <lei>549300VZCL1HTH4O4Y49</lei>
        <title>HENKEL AG &amp; CO. KGAA NPV(BR)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0006048408"/>
          <ticker value="HEN"/>
          <other otherDesc="SEDOL" value="5002465"/>
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        <balance>5741.00000000</balance>
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        <pctVal>0.031425667558</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INGENIA COMMUNITIES GROUP</name>
        <lei>N/A</lei>
        <title>INGENIA COMMUNITIES GROUP NPV (UNITS)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000INA9"/>
          <ticker value="INA"/>
          <other otherDesc="SEDOL" value="B84GSC7"/>
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        <balance>67843.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TAKASAGO INTERNATIONAL CORP</name>
        <lei>N/A</lei>
        <title>TAKASAGO INTERNATIONAL CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3454400007"/>
          <ticker value="4914"/>
          <other otherDesc="SEDOL" value="6870360"/>
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        <balance>19600.00000000</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>
        <name>FUJITSU LTD</name>
        <lei>3538000246DHJLRTUZ24</lei>
        <title>FUJITSU LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3818000006"/>
          <ticker value="6702"/>
          <other otherDesc="SEDOL" value="6356945"/>
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        <balance>38800.00000000</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>SPIE SA</name>
        <lei>969500TJNS5GSFWJ8X85</lei>
        <title>SPIE SA EUR0.47</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0012757854"/>
          <ticker value="SPIE"/>
          <other otherDesc="SEDOL" value="BYZFYS3"/>
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        <balance>10583.00000000</balance>
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        <pctVal>0.042192008638</pctVal>
        <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>SAP SE</name>
        <lei>529900D6BF99LW9R2E68</lei>
        <title>SAP SE ORD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0007164600"/>
          <ticker value="SAP"/>
          <other otherDesc="SEDOL" value="4846288"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DEUTSCHE BOERSE AG</name>
        <lei>529900G3SW56SHYNPR95</lei>
        <title>DEUTSCHE BOERSE AG NPV(REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0005810055"/>
          <ticker value="DB1"/>
          <other otherDesc="SEDOL" value="7021963"/>
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        <balance>1921.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HONGKONG LAND HOLDINGS LTD</name>
        <lei>213800XCHYNRPAYGXW28</lei>
        <title>HONGKONG LAND HOLDINGS LTD ORD USD0.10(SINGAPORE REG)</title>
        <cusip>000000000</cusip>
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          <isin value="BMG4587L1090"/>
          <ticker value="HKL"/>
          <other otherDesc="SEDOL" value="6434915"/>
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        <balance>105900.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>754008.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>RAMELIUS RESOURCES LTD</name>
        <lei>254900E44AIGW7KKNR98</lei>
        <title>RAMELIUS RESOURCES LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000RMS4"/>
          <ticker value="RMS"/>
          <other otherDesc="SEDOL" value="6586872"/>
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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>NITTOC CONSTRUCTION CO LTD</name>
        <lei>N/A</lei>
        <title>NITTOC CONSTRUCTION CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3684800000"/>
          <ticker value="1929"/>
          <other otherDesc="SEDOL" value="6643175"/>
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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>TAKASHIMAYA CO LTD</name>
        <lei>353800IFO566STDN4V78</lei>
        <title>TAKASHIMAYA CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3456000003"/>
          <ticker value="8233"/>
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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>FREENET AG</name>
        <lei>5299003GLDODCVP8DO20</lei>
        <title>FREENET AG NPV (REGD)</title>
        <cusip>000000000</cusip>
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          <isin value="DE000A0Z2ZZ5"/>
          <ticker value="FNTN"/>
          <other otherDesc="SEDOL" value="B1SK0S6"/>
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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>EL. EN. - ELECTRONIC ENGINEERING SPA</name>
        <lei>81560012F663E89E7085</lei>
        <title>EL. EN. - ELECTRONIC ENGINEERING SPA NPV (POST SPLIT)</title>
        <cusip>000000000</cusip>
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          <isin value="IT0005453250"/>
          <ticker value="ELN"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ODAKYU ELECTRIC RAILWAY CO LTD</name>
        <lei>353800LA6BC6E1MK6U35</lei>
        <title>ODAKYU ELECTRIC RAILWAY CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3196000008"/>
          <ticker value="9007"/>
          <other otherDesc="SEDOL" value="6656106"/>
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      <invstOrSec>
        <name>VERBUND AG</name>
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      <invstOrSec>
        <name>ALS LTD</name>
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        <name>ATLAS COPCO AB</name>
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        <name>LABORATORIOS FARMACEUTICOS ROVI SA</name>
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        <name>PANASONIC HOLDINGS CORP</name>
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        <cusip>000000000</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>SIGNIFY NV</name>
        <lei>549300072P3J1X8NZO35</lei>
        <title>SIGNIFY NV EUR0.01</title>
        <cusip>000000000</cusip>
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      <invstOrSec>
        <name>HSBC BANK PLC</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
        <title>CURRENCY CONTRACT - AUD</title>
        <cusip>000000000</cusip>
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          <ticker value="N/A"/>
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      <invstOrSec>
        <name>KUSURI NO AOKI HOLDINGS CO LTD</name>
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          <isin value="JP3266190002"/>
          <ticker value="3549"/>
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        <name>KEIO CORP</name>
        <lei>N/A</lei>
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        <name>COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN SCA</name>
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        <title>COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN SCA EUR0.50 (POST SUBDIVISION)</title>
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        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <name>H.U. GROUP HOLDINGS INC</name>
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        <name>DASSAULT SYSTEMES SE</name>
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        <name>FINTEL PLC</name>
        <lei>213800DXP1VY21GCTH04</lei>
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        <name>SUN-WA TECHNOS CORP</name>
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        <name>JUMBO INTERACTIVE LTD</name>
        <lei>52990094T9F7X0NC0X54</lei>
        <title>JUMBO INTERACTIVE LTD NPV</title>
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        <name>HAREL INSURANCE INVESTMENTS AND FINANCIAL SERVICES LTD</name>
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        <title>HAREL INSURANCE INVESTMENTS AND FINANCIAL SERVICES LTD ILS1</title>
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        <name>ANGLO AMERICAN PLC</name>
        <lei>549300S9XF92D1X8ME43</lei>
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          <ticker value="AAL"/>
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        <name>KYORITSU MAINTENANCE CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>DREYFUS TRSY OBLIG CASH M</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BOUVET ASA</name>
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        <name>RELX PLC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ECKERT &amp; ZIEGLER STRAHLEN UND MEDIZINTECHNIK SE</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SUNDRUG CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SCHAEFFLER AG</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NICHIAS CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>WILL GROUP INC</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>FUKUI COMPUTER HOLDINGS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MAIRE SPA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>VULCAN STEEL LTD</name>
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        <name>DOUTOR NICHIRES HOLDINGS COMPANY LTD</name>
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        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <name>FLUGHAFEN ZUERICH AG</name>
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        <name>INTERNATIONAL WORKPLACE GROUP PLC</name>
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        <name>LIFE CORP</name>
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        <name>FUJIFILM HOLDINGS CORP</name>
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        <name>STRABAG SE</name>
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      <invstOrSec>
        <name>ELISA OYJ</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EAST JAPAN RAILWAY COMPANY</name>
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          <isin value="JP3783600004"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SANKYO CO LTD</name>
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          <isin value="JP3326410002"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NISSHIN SEIFUN GROUP INC</name>
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          <isin value="JP3676800000"/>
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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>DEUTZ AG</name>
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          <isin value="DE0006305006"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SEGA SAMMY HOLDINGS INC</name>
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          <isin value="JP3419050004"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WINGARC1ST INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WORKMAN COMPANY LTD</name>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JPMorgan Chase Bank, National Association</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RECRUIT HOLDINGS CO LTD</name>
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        <title>RECRUIT HOLDINGS CO LTD NPV</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JAPAN BUSINESS SYSTEMS INC</name>
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        <name>AIT CORP</name>
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        <name>HULIC COMPANY LTD</name>
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        <name>RIKEN VITAMIN CO LTD</name>
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        <name>GALDERMA GROUP AG</name>
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        <name>SPIRAX GROUP PLC</name>
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        <name>TOKUYAMA CORP</name>
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        <name>TOYOTA TSUSHO CORP</name>
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        <name>HANNOVER RUECK SE</name>
        <lei>529900KIN5BE45V5KB18</lei>
        <title>HANNOVER RUECK SE ORD NPV(REGD)</title>
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        <name>FERROTEC CORP</name>
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        <title>FERROTEC CORP NPV</title>
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        <name>REA GROUP LTD</name>
        <lei>894500KA4UBDATOFPN36</lei>
        <title>REA GROUP LTD ORD NPV</title>
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        <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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      </invstOrSec>
      <invstOrSec>
        <name>AZIMUT HOLDING SPA</name>
        <lei>81560025690EF8540635</lei>
        <title>AZIMUT HOLDING SPA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0003261697"/>
          <ticker value="AZM"/>
          <other otherDesc="SEDOL" value="B019M65"/>
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        <balance>9350.00000000</balance>
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        <pctVal>0.026241345339</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>EBARA CORP</name>
        <lei>353800UV8U3SOMCDTI49</lei>
        <title>EBARA CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3166000004"/>
          <ticker value="6361"/>
          <other otherDesc="SEDOL" value="6302700"/>
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        <balance>28200.00000000</balance>
        <units>NS</units>
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        <pctVal>0.075102830713</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>OBAYASHI CORP</name>
        <lei>529900YT4O5S0LCXWD54</lei>
        <title>OBAYASHI CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3190000004"/>
          <ticker value="1802"/>
          <other otherDesc="SEDOL" value="6656407"/>
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        <balance>35300.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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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>INTERNET INITIATIVE JAPAN INC</name>
        <lei>529900EOCJNAPUHDFR78</lei>
        <title>INTERNET INITIATIVE JAPAN INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3152820001"/>
          <ticker value="3774"/>
          <other otherDesc="SEDOL" value="B05H328"/>
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        <balance>45900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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        <pctVal>0.062469176018</pctVal>
        <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>PARATUS ENERGY SERVICES LTD</name>
        <lei>549300XB7T5BX418QX67</lei>
        <title>PARATUS ENERGY SERVICES LTD USD0.00002</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG6904D1083"/>
          <ticker value="PLSV"/>
          <other otherDesc="SEDOL" value="BLCCJ92"/>
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        <balance>55989.00000000</balance>
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        <currencyConditional curCd="NOK" exchangeRt="9.89550000"/>
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        <pctVal>0.018085793886</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IMPERIAL BRANDS PLC</name>
        <lei>549300DFVPOB67JL3A42</lei>
        <title>IMPERIAL BRANDS PLC GBP0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0004544929"/>
          <ticker value="IMB"/>
          <other otherDesc="SEDOL" value="0454492"/>
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        <balance>112970.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75343800"/>
        <valUSD>4181808.32000000</valUSD>
        <pctVal>0.289330857291</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NIKKISO CO LTD</name>
        <lei>353800FFQ5RKIIYVIY98</lei>
        <title>NIKKISO CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3668000007"/>
          <ticker value="6376"/>
          <other otherDesc="SEDOL" value="6639947"/>
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        <balance>18100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>451038.30000000</valUSD>
        <pctVal>0.031206427464</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HAMMERSON PLC</name>
        <lei>213800G1C9KKVVDN1A60</lei>
        <title>HAMMERSON PLC ORD GBP0.05</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BRJQ8J25"/>
          <ticker value="HMSO"/>
          <other otherDesc="SEDOL" value="BRJQ8J2"/>
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        <balance>107266.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75343800"/>
        <valUSD>526479.51000000</valUSD>
        <pctVal>0.036426052156</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>CENTRAL JAPAN RAILWAY COMPANY</name>
        <lei>353800YAR3OVUITHTG64</lei>
        <title>CENTRAL JAPAN RAILWAY COMPANY NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3566800003"/>
          <ticker value="9022"/>
          <other otherDesc="SEDOL" value="6183552"/>
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        <balance>11700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>249729.58000000</valUSD>
        <pctVal>0.017278284403</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHUBU STEEL PLATE COMPANY LTD</name>
        <lei>N/A</lei>
        <title>CHUBU STEEL PLATE COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3524600008"/>
          <ticker value="5461"/>
          <other otherDesc="SEDOL" value="6195739"/>
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        <balance>8400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>102541.76000000</valUSD>
        <pctVal>0.007094656918</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANCA MONTE DEI PASCHI DI SIENA SPA</name>
        <lei>J4CP7MHCXR8DAQMKIL78</lei>
        <title>BANCA MONTE DEI PASCHI DI SIENA SPA NPV (POST SPLT)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0005508921"/>
          <ticker value="BMPS"/>
          <other otherDesc="SEDOL" value="BK93RS6"/>
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        <balance>216794.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
        <valUSD>2692757.56000000</valUSD>
        <pctVal>0.186306447759</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MITSUBISHI GAS CHEMICAL CO INC</name>
        <lei>529900G5O4J27ZPLJJ89</lei>
        <title>MITSUBISHI GAS CHEMICAL CO INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3896800004"/>
          <ticker value="4182"/>
          <other otherDesc="SEDOL" value="6596923"/>
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        <balance>7900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>246344.87000000</valUSD>
        <pctVal>0.017044103165</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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      </invstOrSec>
      <invstOrSec>
        <name>KOMEDA HOLDINGS CO LTD</name>
        <lei>N/A</lei>
        <title>KOMEDA HOLDINGS CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3305580007"/>
          <ticker value="3543"/>
          <other otherDesc="SEDOL" value="BD96HP3"/>
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        <balance>14000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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        <pctVal>0.016550624072</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>
        <name>COCA-COLA BOTTLERS JAPAN HOLDINGS INC</name>
        <lei>353800XN1G90665VTQ16</lei>
        <title>COCA-COLA BOTTLERS JAPAN HOLDINGS INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3293200006"/>
          <ticker value="2579"/>
          <other otherDesc="SEDOL" value="6163286"/>
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        <balance>13800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>364433.78000000</valUSD>
        <pctVal>0.025214435938</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>
        <name>BKW AG</name>
        <lei>549300IE30SKTUO98Q38</lei>
        <title>BKW AG CHF2.50</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0130293662"/>
          <ticker value="BKW"/>
          <other otherDesc="SEDOL" value="B76D410"/>
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        <balance>1924.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.80665000"/>
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        <pctVal>0.022492949700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TELEFONAKTIEBOLAGET LM ERICSSON</name>
        <lei>549300W9JLPW15XIFM52</lei>
        <title>TELEFONAKTIEBOLAGET LM ERICSSON SER'B'NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0000108656"/>
          <ticker value="ERICB"/>
          <other otherDesc="SEDOL" value="5959378"/>
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        <balance>128168.00000000</balance>
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        <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>MITSUBISHI MATERIALS CORP</name>
        <lei>35380076QOBOSOUBRT89</lei>
        <title>MITSUBISHI MATERIALS CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3903000002"/>
          <ticker value="5711"/>
          <other otherDesc="SEDOL" value="6597089"/>
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        <balance>10000.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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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>MATSUKIYOCOCOKARA &amp; COMPANY</name>
        <lei>N/A</lei>
        <title>MATSUKIYOCOCOKARA &amp; COMPANY NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3869010003"/>
          <ticker value="3088"/>
          <other otherDesc="SEDOL" value="B249GC0"/>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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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>AUTOTRADER GP PLC</name>
        <lei>213800QLK9BZILB1DI86</lei>
        <title>AUTOTRADER GP PLC ORD GBP0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BVYVFW23"/>
          <ticker value="AUTO"/>
          <other otherDesc="SEDOL" value="BVYVFW2"/>
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        <balance>97691.00000000</balance>
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        <pctVal>0.044773932348</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WASEDA ACADEMY CO LTD</name>
        <lei>N/A</lei>
        <title>WASEDA ACADEMY CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3993750003"/>
          <ticker value="4718"/>
          <other otherDesc="SEDOL" value="6142199"/>
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        <balance>7800.00000000</balance>
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        <pctVal>0.007710229267</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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      <invstOrSec>
        <name>ADVANCED MEDICAL SOLUTIONS GROUP PLC</name>
        <lei>213800HJP6OWOSZI1L74</lei>
        <title>ADVANCED MEDICAL SOLUTIONS GROUP PLC ORD GBP0.05</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0004536594"/>
          <ticker value="AMS"/>
          <other otherDesc="SEDOL" value="0453659"/>
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        <balance>64968.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75343800"/>
        <valUSD>241440.44000000</valUSD>
        <pctVal>0.016704775576</pctVal>
        <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>ISS A/S</name>
        <lei>213800LEZA58SZNCBN19</lei>
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        <cusip>000000000</cusip>
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          <isin value="DK0060542181"/>
          <ticker value="ISS"/>
          <other otherDesc="SEDOL" value="BKJ9RT5"/>
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        <balance>4787.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>MEIWA ESTATE CO LTD</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <isin value="JP3920850009"/>
          <ticker value="8869"/>
          <other otherDesc="SEDOL" value="6562388"/>
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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>MUNTERS GROUP AB</name>
        <lei>549300KYCB37YAVUV523</lei>
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        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0009806607"/>
          <ticker value="MTRS"/>
          <other otherDesc="SEDOL" value="BZ04921"/>
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        <balance>51368.00000000</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>
      <invstOrSec>
        <name>INDRA SISTEMAS SA</name>
        <lei>95980020140005308793</lei>
        <title>INDRA SISTEMAS SA EUR0.20 SER 'A'</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0118594417"/>
          <ticker value="IDR"/>
          <other otherDesc="SEDOL" value="4476210"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NAGASE &amp; CO. LTD</name>
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        <title>NAGASE &amp; CO. LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3647800006"/>
          <ticker value="8012"/>
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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>MARUBENI CORP</name>
        <lei>4P4N3ORD02UGQT1T1W12</lei>
        <title>MARUBENI CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3877600001"/>
          <ticker value="8002"/>
          <other otherDesc="SEDOL" value="6569464"/>
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        <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>SYSTEMAIR AB</name>
        <lei>529900RK1R6HF8KKOI20</lei>
        <title>SYSTEMAIR AB NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0016609499"/>
          <ticker value="SYSR"/>
          <other otherDesc="SEDOL" value="BL0P6R0"/>
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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>KIKKOMAN CORP</name>
        <lei>529900T9K5UH9HXOND47</lei>
        <title>KIKKOMAN CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3240400006"/>
          <ticker value="2801"/>
          <other otherDesc="SEDOL" value="6490809"/>
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        <balance>81600.00000000</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>FUJIKURA LTD</name>
        <lei>353800PSDZ8VRCKVPL51</lei>
        <title>FUJIKURA LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3811000003"/>
          <ticker value="5803"/>
          <other otherDesc="SEDOL" value="6356707"/>
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        <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>YAMANASHI CHUO BANK LTD (THE)</name>
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        <title>YAMANASHI CHUO BANK LTD (THE) NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3942000005"/>
          <ticker value="8360"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EUROFINS SCIENTIFIC SE</name>
        <lei>529900JEHFM47DYY3S57</lei>
        <title>EUROFINS SCIENTIFIC SE EUR0.01</title>
        <cusip>000000000</cusip>
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          <isin value="FR0014000MR3"/>
          <ticker value="ERF"/>
          <other otherDesc="SEDOL" value="BNDPYV1"/>
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        <balance>5958.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>RETAILORS LTD</name>
        <lei>2549006QHZTQOYRBB695</lei>
        <title>RETAILORS LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="IL0011754889"/>
          <ticker value="RTLS"/>
          <other otherDesc="SEDOL" value="BMC2Y16"/>
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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>UNITED SUPER MARKETS HOLDINGS INC</name>
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        <cusip>000000000</cusip>
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          <isin value="JP3949450005"/>
          <ticker value="3222"/>
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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>MATRIX IT LTD</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <isin value="IL0004450156"/>
          <ticker value="MTRX"/>
          <other otherDesc="SEDOL" value="6747754"/>
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        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VENTIA SERVICES GROUP LTD</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <isin value="AU0000184459"/>
          <ticker value="VNT"/>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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      <invstOrSec>
        <name>DAIFUKU CO LTD</name>
        <lei>3538006FG1W4X3MYHL36</lei>
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        <cusip>000000000</cusip>
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          <isin value="JP3497400006"/>
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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>NIHON KOHDEN CORP</name>
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        <cusip>000000000</cusip>
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          <isin value="JP3706800004"/>
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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>KIRIN HOLDINGS COMPANY LTD</name>
        <lei>353800GBVL72LLMTYM96</lei>
        <title>KIRIN HOLDINGS COMPANY LTD NPV</title>
        <cusip>497350108</cusip>
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          <ticker value="2503"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <name>ORIGIN ENERGY LTD</name>
        <lei>ZSN2LWNPYW6ISMRUC664</lei>
        <title>ORIGIN ENERGY LTD NPV</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <name>CLEANAWAY WASTE MANAGEMENT LTD</name>
        <lei>549300D5C72CV6CIBS66</lei>
        <title>CLEANAWAY WASTE MANAGEMENT LTD NPV</title>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>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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      <invstOrSec>
        <name>WALLENIUS WILHELMSEN ASA</name>
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          <isin value="NO0010571680"/>
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        <invCountry>NO</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>TERVEYSTALO OYJ</name>
        <lei>7437001AEZHLL3UEX093</lei>
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        <cusip>000000000</cusip>
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          <isin value="FI4000252127"/>
          <ticker value="TTALO"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>FI</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TELEFONICA SA</name>
        <lei>549300EEJH4FEPDBBR25</lei>
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        <cusip>879382109</cusip>
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          <isin value="ES0178430E18"/>
          <ticker value="TEF"/>
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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>KONINKLIJKE BAM GROEP NV</name>
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        <cusip>000000000</cusip>
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          <isin value="NL0000337319"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PEXIP HOLDING ASA</name>
        <lei>549300S79JFZK79XBI07</lei>
        <title>PEXIP HOLDING ASA NOK0.015</title>
        <cusip>000000000</cusip>
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          <isin value="NO0010840507"/>
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        <currencyConditional curCd="NOK" exchangeRt="9.89550000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>NO</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INFORMA PLC</name>
        <lei>5493006VM2LKUPSEDU20</lei>
        <title>INFORMA PLC ORD GBP0.001</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BMJ6DW54"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JEOL LTD</name>
        <lei>N/A</lei>
        <title>JEOL LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3735000006"/>
          <ticker value="6951"/>
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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>BODYCOTE PLC</name>
        <lei>213800V93QFW53NB7Y29</lei>
        <title>BODYCOTE PLC ORD GBP0.1727272</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B3FLWH99"/>
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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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          <isin value="FR001400Q9V2"/>
          <ticker value="EXENS"/>
          <other otherDesc="SEDOL" value="BQKMP24"/>
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        <balance>12568.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
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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>FINECOBANK BANCA FINECO SPA</name>
        <lei>549300L7YCATGO57ZE10</lei>
        <title>FINECOBANK BANCA FINECO SPA EUR0.33</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0000072170"/>
          <ticker value="FBK"/>
          <other otherDesc="SEDOL" value="BNGN9Z1"/>
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        <balance>14645.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MORITO COMPANY LTD</name>
        <lei>N/A</lei>
        <title>MORITO COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3926200001"/>
          <ticker value="9837"/>
          <other otherDesc="SEDOL" value="6602756"/>
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        <balance>14000.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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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>PCCW LTD</name>
        <lei>254900SI7GPUPA1TJX39</lei>
        <title>PCCW LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0008011667"/>
          <ticker value="8"/>
          <other otherDesc="SEDOL" value="6574071"/>
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        <balance>864000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84205000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GAMES WORKSHOP GROUP PLC</name>
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        <title>GAMES WORKSHOP GROUP PLC ORD GBP0.05</title>
        <cusip>000000000</cusip>
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          <isin value="GB0003718474"/>
          <ticker value="GAW"/>
          <other otherDesc="SEDOL" value="0371847"/>
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        <balance>5990.00000000</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>ALLREAL HOLDING AG</name>
        <lei>5067006XH174LA44H658</lei>
        <title>ALLREAL HOLDING AG CHF1</title>
        <cusip>000000000</cusip>
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          <isin value="CH0008837566"/>
          <ticker value="ALLN"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>RUBIS SCA</name>
        <lei>969500MGFIKUGLTC9742</lei>
        <title>RUBIS SCA EUR1.25</title>
        <cusip>000000000</cusip>
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          <isin value="FR0013269123"/>
          <ticker value="RUI"/>
          <other otherDesc="SEDOL" value="BDT88L2"/>
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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>ROCHE HOLDING AG</name>
        <lei>549300U41AUUVOAAOB37</lei>
        <title>ROCHE HOLDING AG CHF0.001 (BR)</title>
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          <ticker value="RO"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HIOKI E.E. CORP</name>
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        <cusip>000000000</cusip>
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          <isin value="JP3783200003"/>
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        <name>FUTURE CORP</name>
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      <invstOrSec>
        <name>SIEMENS HEALTHINEERS AG</name>
        <lei>529900QBVWXMWANH7H45</lei>
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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>TEMENOS AG</name>
        <lei>5067007NW6550481FH64</lei>
        <title>TEMENOS AG CHF5 (REGD)</title>
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        <invCountry>CH</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AZRIELI GROUP LTD</name>
        <lei>N/A</lei>
        <title>AZRIELI GROUP LTD ILS0.10</title>
        <cusip>000000000</cusip>
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          <isin value="IL0011194789"/>
          <ticker value="AZRG"/>
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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>JPMorgan Chase Bank, National Association</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>CURRENCY CONTRACT - USD</title>
        <cusip>000000000</cusip>
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        <balance>17100.00000000</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WALLENSTAM AB</name>
        <lei>21380081R2P9MKFQBD25</lei>
        <title>WALLENSTAM AB SER'B'NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0017780133"/>
          <ticker value="WALLB"/>
          <other otherDesc="SEDOL" value="BLDB2F5"/>
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        <balance>33048.00000000</balance>
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        <pctVal>0.009299049514</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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      </invstOrSec>
      <invstOrSec>
        <name>PLATZER FASTIGHETER HOLDING AB</name>
        <lei>5493009KPII4BZE70820</lei>
        <title>PLATZER FASTIGHETER HOLDING AB NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0004977692"/>
          <ticker value="PLAZB"/>
          <other otherDesc="SEDOL" value="BH0WHG9"/>
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        <balance>19757.00000000</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>
      <invstOrSec>
        <name>PUBLICIS GROUPE SA</name>
        <lei>2138004KW8BV57III342</lei>
        <title>PUBLICIS GROUPE SA EUR0.40</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000130577"/>
          <ticker value="PUB"/>
          <other otherDesc="SEDOL" value="4380429"/>
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        <balance>14689.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
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        <pctVal>0.100461192866</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TOKYO GAS COMPANY LTD</name>
        <lei>353800678EIJLOQSWZ83</lei>
        <title>TOKYO GAS COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3573000001"/>
          <ticker value="9531"/>
          <other otherDesc="SEDOL" value="6895448"/>
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        <balance>5700.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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        <pctVal>0.014852778103</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LASERTEC CORP</name>
        <lei>N/A</lei>
        <title>LASERTEC CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3979200007"/>
          <ticker value="6920"/>
          <other otherDesc="SEDOL" value="6506267"/>
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        <balance>9900.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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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>BUZZI SPA</name>
        <lei>5299003DX5YLKSVJ6K59</lei>
        <title>BUZZI SPA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0001347308"/>
          <ticker value="BZU"/>
          <other otherDesc="SEDOL" value="5782206"/>
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        <balance>3743.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
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        <pctVal>0.013261472624</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</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>VONTOBEL HOLDING AG</name>
        <lei>529900G69W5VR3DDPW23</lei>
        <title>VONTOBEL HOLDING AG CHF1 (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0012335540"/>
          <ticker value="VONN"/>
          <other otherDesc="SEDOL" value="7123104"/>
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        <balance>1601.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.80665000"/>
        <valUSD>145680.78000000</valUSD>
        <pctVal>0.010079358436</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</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>BYTES TECHNOLOGY GROUP PLC</name>
        <lei>213800LA4DZLFBAC9O33</lei>
        <title>BYTES TECHNOLOGY GROUP PLC ORD GBP0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BMH18Q19"/>
          <ticker value="BYIT"/>
          <other otherDesc="SEDOL" value="BMH18Q1"/>
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        <balance>78814.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75343800"/>
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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>ARB CORP LTD</name>
        <lei>98450097B6B8GE0BAE73</lei>
        <title>ARB CORP LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000ARB5"/>
          <ticker value="ARB"/>
          <other otherDesc="SEDOL" value="BWV03W5"/>
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        <balance>13774.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.44341800"/>
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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>POLAR CAPITAL HOLDINGS PLC</name>
        <lei>549300OXX7YE1947B825</lei>
        <title>POLAR CAPITAL HOLDINGS PLC ORD GBP0.025</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B1GCLT25"/>
          <ticker value="POLR"/>
          <other otherDesc="SEDOL" value="B1GCLT2"/>
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        <balance>46.00000000</balance>
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        <pctVal>0.000037637567</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EAGERS AUTOMOTIVE LTD</name>
        <lei>2549009FI5JQMNR9RJ37</lei>
        <title>EAGERS AUTOMOTIVE LTD ORD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000APE3"/>
          <ticker value="APE"/>
          <other otherDesc="SEDOL" value="6296201"/>
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        <balance>13240.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.44341800"/>
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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>NEMETSCHEK SE</name>
        <lei>529900R0S2IX1S358J38</lei>
        <title>NEMETSCHEK SE ORD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0006452907"/>
          <ticker value="NEM"/>
          <other otherDesc="SEDOL" value="5633962"/>
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        <balance>5571.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KOSHIDAKA HOLDINGS COMPANY LTD</name>
        <lei>N/A</lei>
        <title>KOSHIDAKA HOLDINGS COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3297360004"/>
          <ticker value="2157"/>
          <other otherDesc="SEDOL" value="B1Y3VL9"/>
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        <balance>42400.00000000</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>UNILEVER PLC</name>
        <lei>549300MKFYEKVRWML317</lei>
        <title>UNILEVER PLC ORD GBP0.035</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BVZK7T90"/>
          <ticker value="ULVR"/>
          <other otherDesc="SEDOL" value="BVZK7T9"/>
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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>SODA NIKKA CO LTD</name>
        <lei>3538002H865ORJ3MJP13</lei>
        <title>SODA NIKKA CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3431400005"/>
          <ticker value="8158"/>
          <other otherDesc="SEDOL" value="6818810"/>
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        <balance>45800.00000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DR MARTENS PLC</name>
        <lei>213800QPT8YM6NQZPH28</lei>
        <title>DR MARTENS PLC ORD GBP0.01</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BL6NGV24"/>
          <ticker value="DOCS"/>
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        <balance>8451.00000000</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>ASTELLAS PHARMA INC</name>
        <lei>529900IB708DY2HBBB35</lei>
        <title>ASTELLAS PHARMA INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3942400007"/>
          <ticker value="4503"/>
          <other otherDesc="SEDOL" value="6985383"/>
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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>HEINEKEN HOLDING NV</name>
        <lei>724500M1WJLFM9TYBS04</lei>
        <title>HEINEKEN HOLDING NV EUR1.60</title>
        <cusip>000000000</cusip>
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          <isin value="NL0000008977"/>
          <ticker value="HEIO"/>
          <other otherDesc="SEDOL" value="B0CCH46"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>YOKOGAWA ELECTRIC CORP</name>
        <lei>529900MV0U7C9WWF4L22</lei>
        <title>YOKOGAWA ELECTRIC CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3955000009"/>
          <ticker value="6841"/>
          <other otherDesc="SEDOL" value="6986427"/>
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        <balance>26000.00000000</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>
      <invstOrSec>
        <name>INSURANCE AUSTRALIA GROUP LTD</name>
        <lei>549300PFEWKNHRG25N08</lei>
        <title>INSURANCE AUSTRALIA GROUP LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000IAG3"/>
          <ticker value="IAG"/>
          <other otherDesc="SEDOL" value="6271026"/>
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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>
        <name>JALCO HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>JALCO HOLDINGS INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3390220006"/>
          <ticker value="6625"/>
          <other otherDesc="SEDOL" value="B4QJT78"/>
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        <balance>59700.00000000</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>
      <invstOrSec>
        <name>EPIROC AB</name>
        <lei>5493004Q73OEYW1SPE91</lei>
        <title>EPIROC AB SER'A'NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0015658109"/>
          <ticker value="EPIA"/>
          <other otherDesc="SEDOL" value="BMD58R8"/>
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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>ITOCHU ENEX COMPANY LTD</name>
        <lei>549300WO21DGCU3JY132</lei>
        <title>ITOCHU ENEX COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3144000001"/>
          <ticker value="8133"/>
          <other otherDesc="SEDOL" value="6467825"/>
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        <balance>4400.00000000</balance>
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        <pctVal>0.003736853008</pctVal>
        <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>LIXIL CORP</name>
        <lei>353800KB8G4F9WUJJ886</lei>
        <title>LIXIL CORP COM NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3626800001"/>
          <ticker value="5938"/>
          <other otherDesc="SEDOL" value="6900212"/>
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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>SUN HUNG KAI PROPERTIES LTD</name>
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        <title>SUN HUNG KAI PROPERTIES LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0016000132"/>
          <ticker value="16"/>
          <other otherDesc="SEDOL" value="6859927"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KONECRANES OYJ</name>
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        <cusip>000000000</cusip>
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          <isin value="FI0009005870"/>
          <ticker value="KCR"/>
          <other otherDesc="SEDOL" value="B11WFP1"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PRO MEDICUS LTD</name>
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          <isin value="AU000000PME8"/>
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        <assetCat>EC</assetCat>
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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>DFI RETAIL GROUP HOLDINGS LTD</name>
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        <curCd>USD</curCd>
        <valUSD>111805.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ORANGE SA</name>
        <lei>969500MCOONR8990S771</lei>
        <title>ORANGE SA EUR4</title>
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          <isin value="FR0000133308"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DTS CORP</name>
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          <isin value="JP3548500002"/>
          <ticker value="9682"/>
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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>DOWNER EDI LTD</name>
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          <ticker value="DOW"/>
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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>ACCELLERON INDUSTRIES AG</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>1</fairValLevel>
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        <name>AVOLTA AG</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CONTINENTAL AG</name>
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        <invCountry>DE</invCountry>
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        <name>ALIMAK GROUP AB</name>
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        <assetCat>EC</assetCat>
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        <name>INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA</name>
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        <name>HSBC BANK PLC</name>
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        <name>CELLNEX TELECOM SA</name>
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        <name>TECHTRONIC INDUSTRIES COMPANY LTD</name>
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        <title>TECHTRONIC INDUSTRIES COMPANY LTD NPV</title>
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        <name>GREGGS PLC</name>
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        <title>GREGGS PLC ORD GBP0.02</title>
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        <name>KURARAY CO LTD</name>
        <lei>549300W9JPTOE739QZ31</lei>
        <title>KURARAY CO LTD NPV</title>
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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>
        <cusip>000000000</cusip>
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          <isin value="GB0002869419"/>
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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>KONINKLIJKE VOPAK NV</name>
        <lei>724500UL634GFV1KYF10</lei>
        <title>KONINKLIJKE VOPAK NV EUR0.50</title>
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          <isin value="NL0009432491"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BEAZLEY PLC</name>
        <lei>213800VTOMUWD41GIT12</lei>
        <title>BEAZLEY PLC ORD GBP0.05</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BYQ0JC66"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JPMorgan Chase Bank, National Association</name>
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          <ticker value="N/A"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DEUTSCHE BANK AKTIENGESELLSCHAFT</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HARD OFF CORP COMPANY LTD</name>
        <lei>N/A</lei>
        <title>HARD OFF CORP COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3765120005"/>
          <ticker value="2674"/>
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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>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"/>
          <ticker value="COA"/>
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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>SUBARU CORP</name>
        <lei>549300N244BVAEE6HH86</lei>
        <title>SUBARU CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3814800003"/>
          <ticker value="7270"/>
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        <balance>27500.00000000</balance>
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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>INFOMART CORP</name>
        <lei>N/A</lei>
        <title>INFOMART CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3153480003"/>
          <ticker value="2492"/>
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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>QIAGEN NV</name>
        <lei>54930036WK3GMCN17Z57</lei>
        <title>QIAGEN NV ORD SHARES</title>
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        <assetCat>EC</assetCat>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DELEK GROUP LTD</name>
        <lei>213800CYKA4XE2HZZB09</lei>
        <title>DELEK GROUP LTD ILS1</title>
        <cusip>000000000</cusip>
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        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>AICHI FINANCIAL GROUP INC</name>
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          <isin value="JP3104790005"/>
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        <fairValLevel>1</fairValLevel>
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        <name>HYAKUJUSHI BANK LTD (THE)</name>
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        <title>HYAKUJUSHI BANK LTD (THE) NPV</title>
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          <isin value="JP3794200000"/>
          <ticker value="8386"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CLARIANT AG</name>
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        <title>CLARIANT AG CHF0.92 (REGD)</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>NARERU GROUP INC</name>
        <lei>N/A</lei>
        <title>NARERU GROUP INC NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3652120001"/>
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      <invstOrSec>
        <name>HASEKO CORP</name>
        <lei>529900EH7TSG348O4045</lei>
        <title>HASEKO CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3768600003"/>
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      <invstOrSec>
        <name>JAC RECRUITMENT COMPANY LTD</name>
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        <cusip>000000000</cusip>
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      <invstOrSec>
        <name>COMPAGNIE DE SAINT-GOBAIN SA</name>
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        <title>COMPAGNIE DE SAINT-GOBAIN SA EUR4</title>
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        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>COMSYS HOLDINGS CORP</name>
        <lei>529900BXEDA1UA6QX260</lei>
        <title>COMSYS HOLDINGS CORP NPV</title>
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          <isin value="JP3305530002"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SATS LTD</name>
        <lei>529900SEP1R0K8049D51</lei>
        <title>SATS LTD NPV</title>
        <cusip>000000000</cusip>
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        <invCountry>SG</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AZBIL CORP</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LA HOLDINGS CO LTD</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KONE CORP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DEUTSCHE BANK AKTIENGESELLSCHAFT</name>
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        <cusip>000000000</cusip>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHANGE HOLDINGS INC</name>
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          <isin value="JP3507750002"/>
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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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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SUPPLY NETWORK LTD</name>
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        <cusip>000000000</cusip>
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          <isin value="AU000000SNL5"/>
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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>SCHOTT PHARMA AG &amp; CO. KGAA</name>
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        <title>SCHOTT PHARMA AG &amp; CO. KGAA NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE000A3ENQ51"/>
          <ticker value="1SXP"/>
          <other otherDesc="SEDOL" value="BRJ9MM2"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ICL GROUP LTD</name>
        <lei>529900FQVQD88SHIGM04</lei>
        <title>ICL GROUP LTD ILS1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0002810146"/>
          <ticker value="ICL"/>
          <other otherDesc="SEDOL" value="6455530"/>
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        <balance>40434.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>BALFOUR BEATTY PLC</name>
        <lei>CT4UIJ3TUKGYYHMENQ17</lei>
        <title>BALFOUR BEATTY PLC GBP0.50</title>
        <cusip>000000000</cusip>
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          <isin value="GB0000961622"/>
          <ticker value="BBY"/>
          <other otherDesc="SEDOL" value="0096162"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>EURONEXT NV</name>
        <lei>724500QJ4QSZ3H9QU415</lei>
        <title>EURONEXT NV EUR1.60</title>
        <cusip>000000000</cusip>
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          <isin value="NL0006294274"/>
          <ticker value="ENX"/>
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        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SKF AB</name>
        <lei>549300B6HWYEE57O8J84</lei>
        <title>SKF AB SER'B'NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0000108227"/>
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        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>YOUNG &amp; CO'S BREWERY PLC</name>
        <lei>213800JMZDORXCMKFW06</lei>
        <title>YOUNG &amp; CO'S BREWERY PLC 'A'ORD GBP0.125</title>
        <cusip>000000000</cusip>
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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>TOKYU FUDOSAN HOLDINGS CORP</name>
        <lei>N/A</lei>
        <title>TOKYU FUDOSAN HOLDINGS CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3569200003"/>
          <ticker value="3289"/>
          <other otherDesc="SEDOL" value="BDC6LT2"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DEUTSCHE BANK AKTIENGESELLSCHAFT</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>CURRENCY CONTRACT - USD</title>
        <cusip>000000000</cusip>
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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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        <name>GENUS PLC</name>
        <lei>54930022EOITNKSIGH56</lei>
        <title>GENUS PLC ORD GBP0.10</title>
        <cusip>000000000</cusip>
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          <isin value="GB0002074580"/>
          <ticker value="GNS"/>
          <other otherDesc="SEDOL" value="0207458"/>
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        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>NISSAN CHEMICAL CORP</name>
        <lei>3538002E4L1CUGJFFU25</lei>
        <title>NISSAN CHEMICAL CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3670800006"/>
          <ticker value="4021"/>
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      <invstOrSec>
        <name>TSURUHA HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>TSURUHA HOLDINGS INC NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3536150000"/>
          <ticker value="3391"/>
          <other otherDesc="SEDOL" value="B0MKZN5"/>
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        <invCountry>JP</invCountry>
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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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          <ticker value="PAF"/>
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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>SECURITAS AB</name>
        <lei>635400TTYKE8EIWDS617</lei>
        <title>SECURITAS AB SER'B'NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0000163594"/>
          <ticker value="SECUB"/>
          <other otherDesc="SEDOL" value="5554041"/>
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        <balance>13012.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.67815000"/>
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        <pctVal>0.014808988340</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAIBU GAS HOLDINGS CO LTD</name>
        <lei>353800SPVTXVJZ0EGD74</lei>
        <title>SAIBU GAS HOLDINGS CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3311600005"/>
          <ticker value="9536"/>
          <other otherDesc="SEDOL" value="6767826"/>
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        <balance>12700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>175662.82000000</valUSD>
        <pctVal>0.012153755125</pctVal>
        <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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COCA-COLA EUROPACIFIC PARTNERS PLC</name>
        <lei>549300LTH67W4GWMRF57</lei>
        <title>COCA-COLA EUROPACIFIC PARTNERS PLC COM EUR0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BDCPN049"/>
          <ticker value="CCEP"/>
          <other otherDesc="SEDOL" value="BDCPN04"/>
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        <balance>20645.00000000</balance>
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        <valUSD>2074260.26000000</valUSD>
        <pctVal>0.143513870877</pctVal>
        <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>THK CO LTD</name>
        <lei>N/A</lei>
        <title>THK CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3539250005"/>
          <ticker value="6481"/>
          <other otherDesc="SEDOL" value="6869131"/>
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        <balance>30400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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        <pctVal>0.094757537390</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MELEXIS NV</name>
        <lei>549300QRPSGOJRPUFO80</lei>
        <title>MELEXIS NV NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0165385973"/>
          <ticker value="MELE"/>
          <other otherDesc="SEDOL" value="7370063"/>
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        <balance>11386.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
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        <pctVal>0.070341736192</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORIROKU CO LTD</name>
        <lei>N/A</lei>
        <title>MORIROKU CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3927450001"/>
          <ticker value="4249"/>
          <other otherDesc="SEDOL" value="BFNG7Z3"/>
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        <balance>7500.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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        <pctVal>0.007512658156</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SMITHS GROUP PLC</name>
        <lei>213800MJL6IPZS3ASA11</lei>
        <title>SMITHS GROUP PLC ORD GBP0.375</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B1WY2338"/>
          <ticker value="SMIN"/>
          <other otherDesc="SEDOL" value="B1WY233"/>
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        <balance>22791.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75343800"/>
        <valUSD>774383.03000000</valUSD>
        <pctVal>0.053577995163</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>SHIN NIPPON AIR TECNOLOGIES CO LTD</name>
        <lei>N/A</lei>
        <title>SHIN NIPPON AIR TECNOLOGIES CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3380250005"/>
          <ticker value="1952"/>
          <other otherDesc="SEDOL" value="6805920"/>
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        <balance>12200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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        <pctVal>0.019476079925</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CREATE SD HOLDINGS COMPANY LTD</name>
        <lei>N/A</lei>
        <title>CREATE SD HOLDINGS COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3269940007"/>
          <ticker value="3148"/>
          <other otherDesc="SEDOL" value="B3V2XQ2"/>
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        <balance>2600.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>51992.00000000</valUSD>
        <pctVal>0.003597221293</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>VOLEX PLC</name>
        <lei>213800HBLQNH5FXXGE63</lei>
        <title>VOLEX PLC ORD GBP0.25</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0009390070"/>
          <ticker value="VLX"/>
          <other otherDesc="SEDOL" value="0939007"/>
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        <balance>49663.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75343800"/>
        <valUSD>371102.45000000</valUSD>
        <pctVal>0.025675827724</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>DHL GROUP</name>
        <lei>8ER8GIG7CSMVD8VUFE78</lei>
        <title>DHL GROUP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0005552004"/>
          <ticker value="DHL"/>
          <other otherDesc="SEDOL" value="4617859"/>
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        <balance>80144.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
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        <pctVal>0.336632780630</pctVal>
        <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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FINANCIERE DE TUBIZE SA</name>
        <lei>549300I1MGC0OK6W8828</lei>
        <title>FINANCIERE DE TUBIZE SA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0003823409"/>
          <ticker value="TUB"/>
          <other otherDesc="SEDOL" value="B0BN7W8"/>
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        <balance>1916.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
        <valUSD>506020.05000000</valUSD>
        <pctVal>0.035010503511</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BRIDGESTONE CORP</name>
        <lei>549300DHPOF90OYYD780</lei>
        <title>BRIDGESTONE CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3830800003"/>
          <ticker value="5108"/>
          <other otherDesc="SEDOL" value="6132101"/>
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        <balance>62500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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        <pctVal>0.090728734643</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NETLINK NBN TRUST</name>
        <lei>25490032IBVZHHXJIM98</lei>
        <title>NETLINK NBN TRUST UNITS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1DH9000006"/>
          <ticker value="NETLINK"/>
          <other otherDesc="SEDOL" value="BF5GLW6"/>
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        <balance>620200.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.29345000"/>
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        <pctVal>0.032345760409</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INVESTEC PLC</name>
        <lei>2138007Z3U5GWDN3MY22</lei>
        <title>INVESTEC PLC ORD GBP0.0002</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B17BBQ50"/>
          <ticker value="INVP"/>
          <other otherDesc="SEDOL" value="B17BBQ5"/>
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        <balance>12582.00000000</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BIOMERIEUX SA</name>
        <lei>549300AK8Y0LBIQ4T071</lei>
        <title>BIOMERIEUX SA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0013280286"/>
          <ticker value="BIM"/>
          <other otherDesc="SEDOL" value="BF0LBX7"/>
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        <balance>3546.00000000</balance>
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        <pctVal>0.019270204873</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</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>AMADA CO LTD</name>
        <lei>529900QF5O6TQGCPDX85</lei>
        <title>AMADA CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3122800000"/>
          <ticker value="6113"/>
          <other otherDesc="SEDOL" value="6022105"/>
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        <balance>37800.00000000</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NSD COMPANY LTD</name>
        <lei>N/A</lei>
        <title>NSD COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3712600000"/>
          <ticker value="9759"/>
          <other otherDesc="SEDOL" value="6639602"/>
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        <balance>51900.00000000</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>
      <invstOrSec>
        <name>ISHIHARA SANGYO KAISHA LTD</name>
        <lei>N/A</lei>
        <title>ISHIHARA SANGYO KAISHA LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3136800004"/>
          <ticker value="4028"/>
          <other otherDesc="SEDOL" value="6466866"/>
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        <balance>18100.00000000</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NIPPON LIGHT METAL HOLDINGS CO LTD</name>
        <lei>353800J9KCFJSF2CGT47</lei>
        <title>NIPPON LIGHT METAL HOLDINGS CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3700200003"/>
          <ticker value="5703"/>
          <other otherDesc="SEDOL" value="B51WP26"/>
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        <balance>7100.00000000</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WHITEHAVEN COAL LTD</name>
        <lei>529900WCZ4I6ZO3RRP86</lei>
        <title>WHITEHAVEN COAL LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000WHC8"/>
          <ticker value="WHC"/>
          <other otherDesc="SEDOL" value="B1XQXC4"/>
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        <balance>26204.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.44341800"/>
        <valUSD>138516.02000000</valUSD>
        <pctVal>0.009583643186</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>REXEL SA</name>
        <lei>969500N6AVPA51648T62</lei>
        <title>REXEL SA EUR5</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0010451203"/>
          <ticker value="RXL"/>
          <other otherDesc="SEDOL" value="B1VP0K0"/>
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        <balance>16430.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
        <valUSD>717752.71000000</valUSD>
        <pctVal>0.049659857893</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>EISAI CO LTD</name>
        <lei>353800HDEE0ZYEX4QV91</lei>
        <title>EISAI CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3160400002"/>
          <ticker value="4523"/>
          <other otherDesc="SEDOL" value="6307200"/>
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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>SINGAPORE TECHNOLOGIES ENGINEERING LTD</name>
        <lei>254900OEXGGWCR24DG90</lei>
        <title>SINGAPORE TECHNOLOGIES ENGINEERING LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1F60858221"/>
          <ticker value="STE"/>
          <other otherDesc="SEDOL" value="6043214"/>
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        <balance>230293.00000000</balance>
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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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      <invstOrSec>
        <name>ROHM COMPANY LTD</name>
        <lei>5493009V2FGDEP7JFE59</lei>
        <title>ROHM COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3982800009"/>
          <ticker value="6963"/>
          <other otherDesc="SEDOL" value="6747204"/>
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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>PARTNERS GROUP HOLDING AG</name>
        <lei>549300I3IVVWZWDHI788</lei>
        <title>PARTNERS GROUP HOLDING AG CHF0.01 (REGD)</title>
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          <isin value="CH0024608827"/>
          <ticker value="PGHN"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SYSTENA CORP</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <isin value="JP3351050004"/>
          <ticker value="2317"/>
          <other otherDesc="SEDOL" value="6537881"/>
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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>INSOURCE CO LTD</name>
        <lei>N/A</lei>
        <title>INSOURCE CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3152670000"/>
          <ticker value="6200"/>
          <other otherDesc="SEDOL" value="BD1JSR9"/>
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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>HELVETIA BALOISE HOLDING AG</name>
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        <title>HELVETIA BALOISE HOLDING AG CHF0.02 (REGD) POST SUBD</title>
        <cusip>000000000</cusip>
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          <isin value="CH0466642201"/>
          <ticker value="HBAN"/>
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        <balance>2395.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.80665000"/>
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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>LOOMIS AB</name>
        <lei>213800NS2XXVRYS7WP40</lei>
        <title>LOOMIS AB NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0014504817"/>
          <ticker value="LOOMIS"/>
          <other otherDesc="SEDOL" value="BMVB566"/>
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        <balance>3791.00000000</balance>
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        <currencyConditional curCd="SEK" exchangeRt="9.67815000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>J.FRONT RETAILING COMPANY LTD</name>
        <lei>N/A</lei>
        <title>J.FRONT RETAILING COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3386380004"/>
          <ticker value="3086"/>
          <other otherDesc="SEDOL" value="B23TC12"/>
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        <balance>14000.00000000</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>GOODMAN GROUP</name>
        <lei>N/A</lei>
        <title>GOODMAN GROUP NPV (STAPLED UNITS)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000GMG2"/>
          <ticker value="GMG"/>
          <other otherDesc="SEDOL" value="B03FYZ4"/>
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        <balance>57555.00000000</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>AUSSIE BROADBAND LTD</name>
        <lei>98450090EAD3778B9832</lei>
        <title>AUSSIE BROADBAND LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU0000106643"/>
          <ticker value="ABB"/>
          <other otherDesc="SEDOL" value="BM8HZC3"/>
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        <balance>75813.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TOKYO TATEMONO CO LTD</name>
        <lei>529900RQA4JTW1869J86</lei>
        <title>TOKYO TATEMONO CO LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3582600007"/>
          <ticker value="8804"/>
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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>ASML HOLDING NV</name>
        <lei>724500Y6DUVHQD6OXN27</lei>
        <title>ASML HOLDING NV EUR0.09</title>
        <cusip>000000000</cusip>
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          <isin value="NL0010273215"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>RBC DOMINION SECURITIES INC.</name>
        <lei>549300QJJX6CVVUXLE15</lei>
        <title>CURRENCY CONTRACT - USD</title>
        <cusip>000000000</cusip>
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          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="CCTUSD__00217391"/>
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        <curCd>USD</curCd>
        <valUSD>343752.52000000</valUSD>
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        <assetCat>DFE</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ASAHI INTECC COMPANY LTD</name>
        <lei>353800J3AV2SCNIO8L39</lei>
        <title>ASAHI INTECC COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3110650003"/>
          <ticker value="7747"/>
          <other otherDesc="SEDOL" value="B019MQ5"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>HANG LUNG GROUP LTD</name>
        <lei>529900V2T2EPOQYH0981</lei>
        <title>HANG LUNG GROUP LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="HK0010000088"/>
          <ticker value="10"/>
          <other otherDesc="SEDOL" value="6408352"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CRANSWICK PLC</name>
        <lei>549300LDZLPU51XOSK43</lei>
        <title>CRANSWICK PLC ORD GBP0.10</title>
        <cusip>000000000</cusip>
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          <isin value="GB0002318888"/>
          <ticker value="CWK"/>
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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>CHUGOKU MARINE PAINTS LTD</name>
        <lei>N/A</lei>
        <title>CHUGOKU MARINE PAINTS LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3522600000"/>
          <ticker value="4617"/>
          <other otherDesc="SEDOL" value="6196000"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>FRANCE BED HOLDINGS COMPANY LTD</name>
        <lei>353800EBNDTCYMRTFU33</lei>
        <title>FRANCE BED HOLDINGS COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3826500005"/>
          <ticker value="7840"/>
          <other otherDesc="SEDOL" value="6744056"/>
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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>CHINO CORP</name>
        <lei>N/A</lei>
        <title>CHINO CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3511000006"/>
          <ticker value="6850"/>
          <other otherDesc="SEDOL" value="6190905"/>
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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>POLA ORBIS HOLDINGS INC</name>
        <lei>353800E8OIV0XYBABS79</lei>
        <title>POLA ORBIS HOLDINGS INC NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3855900001"/>
          <ticker value="4927"/>
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        <assetCat>EC</assetCat>
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        <name>NORTHERN STAR RESOURCES LTD</name>
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      <invstOrSec>
        <name>ISUZU MOTORS LTD</name>
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      <invstOrSec>
        <name>LLOYDS BANKING GROUP PLC</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>1</fairValLevel>
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        <name>WYNN MACAU LTD</name>
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          <isin value="KYG981491007"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>HERMES INTERNATIONAL SA</name>
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          <isin value="FR0000052292"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>FULLCAST HOLDINGS COMPANY LTD</name>
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          <isin value="JP3827800008"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>ELECTRIC POWER DEVELOPMENT CO LTD</name>
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          <isin value="JP3551200003"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BANK OF IRELAND GROUP PLC</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>TOYO SEIKAN GROUP HOLDINGS LTD</name>
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        <name>LOVISA HOLDINGS LTD</name>
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        <name>JPMorgan Chase Bank, National Association</name>
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        <name>KALMAR OYJ</name>
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        <name>HEALTH &amp; HAPPINESS INTERNATIONAL HOLDINGS LTD</name>
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        <name>SWCC CORP</name>
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        <name>DAIHATSU INFINEARTH MFG CO LTD</name>
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        <name>HANSEN TECHNOLOGIES LTD</name>
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        <name>BANCA GENERALI SPA</name>
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        <name>YOSHINOYA HOLDINGS COMPANY LTD</name>
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        <name>CANCOM SE</name>
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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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VGP NV</name>
        <lei>315700NENYPIXFR94T49</lei>
        <title>VGP NV NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0003878957"/>
          <ticker value="VGP"/>
          <other otherDesc="SEDOL" value="B29L881"/>
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        <balance>7271.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
        <valUSD>699949.12000000</valUSD>
        <pctVal>0.048428063520</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>KAO CORP</name>
        <lei>353800HM38HFCB8RGL63</lei>
        <title>KAO CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3205800000"/>
          <ticker value="4452"/>
          <other otherDesc="SEDOL" value="6483809"/>
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        <balance>38800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>769434.86000000</valUSD>
        <pctVal>0.053235641291</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GIVAUDAN SA</name>
        <lei>213800SVRMQA1TD91D41</lei>
        <title>GIVAUDAN SA CHF10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0010645932"/>
          <ticker value="GIVN"/>
          <other otherDesc="SEDOL" value="5980613"/>
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        <balance>288.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.80665000"/>
        <valUSD>1221050.02000000</valUSD>
        <pctVal>0.084481980532</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</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>NEC CORP</name>
        <lei>5493000QYMPFRTEY4K28</lei>
        <title>NEC CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3733000008"/>
          <ticker value="6701"/>
          <other otherDesc="SEDOL" value="6640400"/>
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        <balance>27700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>668958.62000000</valUSD>
        <pctVal>0.046283893523</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SEEK LTD</name>
        <lei>549300209NEKXBC8QO27</lei>
        <title>SEEK LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000SEK6"/>
          <ticker value="SEK"/>
          <other otherDesc="SEDOL" value="B0767Y3"/>
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        <balance>43828.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.44341800"/>
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        <pctVal>0.028256115139</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>NOMURA HOLDINGS INC</name>
        <lei>549300B3CEAHYG7K8164</lei>
        <title>NOMURA HOLDINGS INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3762600009"/>
          <ticker value="8604"/>
          <other otherDesc="SEDOL" value="6643108"/>
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        <balance>57100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>496605.75000000</valUSD>
        <pctVal>0.034359147141</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WDB HOLDINGS CO LTD</name>
        <lei>N/A</lei>
        <title>WDB HOLDINGS CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3505940001"/>
          <ticker value="2475"/>
          <other otherDesc="SEDOL" value="B0YZFQ1"/>
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        <balance>8400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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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>MOWI ASA</name>
        <lei>549300W1OGQF5LZIH349</lei>
        <title>MOWI ASA NOK7.50</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0003054108"/>
          <ticker value="MOWI"/>
          <other otherDesc="SEDOL" value="B02L486"/>
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        <balance>45368.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.89550000"/>
        <valUSD>838085.03000000</valUSD>
        <pctVal>0.057985407665</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>STEADFAST GROUP LTD</name>
        <lei>9845003B6BEAA12DBD91</lei>
        <title>STEADFAST GROUP LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000SDF8"/>
          <ticker value="SDF"/>
          <other otherDesc="SEDOL" value="BCT5FD7"/>
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        <balance>50848.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.44341800"/>
        <valUSD>179660.22000000</valUSD>
        <pctVal>0.012430327144</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>TREND MICRO INC</name>
        <lei>3538005O5UJ5RNAGVE16</lei>
        <title>TREND MICRO INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3637300009"/>
          <ticker value="4704"/>
          <other otherDesc="SEDOL" value="6125286"/>
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        <balance>20400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>750855.56000000</valUSD>
        <pctVal>0.051950177113</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KURITA WATER INDUSTRIES LTD</name>
        <lei>52990086GS2ON69UMX34</lei>
        <title>KURITA WATER INDUSTRIES LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3270000007"/>
          <ticker value="6370"/>
          <other otherDesc="SEDOL" value="6497963"/>
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        <balance>9300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>523638.21000000</valUSD>
        <pctVal>0.036229468358</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AMOT INVESTMENTS LTD</name>
        <lei>N/A</lei>
        <title>AMOT INVESTMENTS LTD ILS1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0010972789"/>
          <ticker value="AMOT"/>
          <other otherDesc="SEDOL" value="B18MCB9"/>
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        <balance>56488.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.97945000"/>
        <valUSD>351314.05000000</valUSD>
        <pctVal>0.024306708363</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ADMIRAL GROUP PLC</name>
        <lei>213800FGVM7Z9EJB2685</lei>
        <title>ADMIRAL GROUP PLC ORD GBP0.001</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B02J6398"/>
          <ticker value="ADM"/>
          <other otherDesc="SEDOL" value="B02J639"/>
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        <balance>27397.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75343800"/>
        <valUSD>1294510.23000000</valUSD>
        <pctVal>0.089564543842</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SAFESTORE HOLDINGS PLC</name>
        <lei>213800WGA3YSJC1YOH73</lei>
        <title>SAFESTORE HOLDINGS PLC ORD GBP0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B1N7Z094"/>
          <ticker value="SAFE"/>
          <other otherDesc="SEDOL" value="B1N7Z09"/>
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        <balance>11665.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75343800"/>
        <valUSD>94906.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WEIR GROUP PLC (THE)</name>
        <lei>549300KDR56WHY9I3D10</lei>
        <title>WEIR GROUP PLC (THE) ORD GBP0.125</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0009465807"/>
          <ticker value="WEIR"/>
          <other otherDesc="SEDOL" value="0946580"/>
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        <balance>21901.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75343800"/>
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        <pctVal>0.048348334754</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOGITECH INTERNATIONAL SA</name>
        <lei>549300SN6PRK6IJJC215</lei>
        <title>LOGITECH INTERNATIONAL SA CHF0.25 (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0025751329"/>
          <ticker value="LOGN"/>
          <other otherDesc="SEDOL" value="B18ZRK2"/>
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        <balance>9225.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.80665000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RBC DOMINION SECURITIES INC.</name>
        <lei>549300QJJX6CVVUXLE15</lei>
        <title>CURRENCY CONTRACT - USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="CCTUSD__00217922"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>904.43000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>RBC DOMINION SECURITIES INC.</counterpartyName>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OKAMOTO MACHINE TOOL WORKS LTD</name>
        <lei>N/A</lei>
        <title>OKAMOTO MACHINE TOOL WORKS LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3193200007"/>
          <ticker value="6125"/>
          <other otherDesc="SEDOL" value="6657820"/>
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        <balance>4200.00000000</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EVOLUTION MINING LTD</name>
        <lei>254900BCFW5QO5LW8F27</lei>
        <title>EVOLUTION MINING LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000EVN4"/>
          <ticker value="EVN"/>
          <other otherDesc="SEDOL" value="B3X0F91"/>
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        <balance>110400.00000000</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DEUTSCHE BANK AKTIENGESELLSCHAFT</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>CURRENCY CONTRACT - USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="CCTUSD__00220070"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>3152.36000000</valUSD>
        <pctVal>0.000218105410</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>DEUTSCHE BANK AKTIENGESELLSCHAFT</counterpartyName>
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            <amtCurPur>391103.00000000</amtCurPur>
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            <settlementDt>2026-07-03</settlementDt>
            <unrealizedAppr>3152.36000000</unrealizedAppr>
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        <securityLending>
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        <name>GALP ENERGIA SGPS SA</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SQUARE ENIX HOLDINGS COMPANY LTD</name>
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        <cusip>000000000</cusip>
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          <isin value="JP3164630000"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NTT INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>KEWPIE CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>REPSOL SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>RBC DOMINION SECURITIES INC.</name>
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        <name>MIZUHO FINANCIAL GROUP INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CERILLION PLC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>HARIMA CHEMICALS GROUP INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>INVISIO AB</name>
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        <name>VECTOR INC (TOKYO)</name>
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        <name>VUSIONGROUP SA</name>
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        <name>MIURA CO LTD</name>
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        <name>CATHAY PACIFIC AIRWAYS LTD</name>
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      <invstOrSec>
        <name>HOKKAIDO ELECTRIC POWER CO INC</name>
        <lei>353800XDXIIZDHUO0J51</lei>
        <title>HOKKAIDO ELECTRIC POWER CO INC NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3850200001"/>
          <ticker value="9509"/>
          <other otherDesc="SEDOL" value="6431325"/>
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        <balance>11300.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HIROSE ELECTRIC CO LTD</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3799000009"/>
          <ticker value="6806"/>
          <other otherDesc="SEDOL" value="6428725"/>
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        <balance>3600.00000000</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>AXA SA</name>
        <lei>F5WCUMTUM4RKZ1MAIE39</lei>
        <title>AXA SA EUR2.29</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000120628"/>
          <ticker value="CS"/>
          <other otherDesc="SEDOL" value="7088429"/>
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        <balance>249798.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NOLATO AB</name>
        <lei>213800T7T7I7WAOX8Y72</lei>
        <title>NOLATO AB SER'B'NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0015962477"/>
          <ticker value="NOLAB"/>
          <other otherDesc="SEDOL" value="BMXT8K3"/>
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        <balance>30551.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SHOEI COMPANY LTD</name>
        <lei>N/A</lei>
        <title>SHOEI COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3360900009"/>
          <ticker value="7839"/>
          <other otherDesc="SEDOL" value="B01C253"/>
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        <balance>14100.00000000</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>TOMRA SYSTEMS ASA</name>
        <lei>549300J726JCFJU3VT89</lei>
        <title>TOMRA SYSTEMS ASA NOK0.50</title>
        <cusip>000000000</cusip>
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          <isin value="NO0012470089"/>
          <ticker value="TOM"/>
          <other otherDesc="SEDOL" value="BPLXRG7"/>
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        <balance>73647.00000000</balance>
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        <currencyConditional curCd="NOK" exchangeRt="9.89550000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MIZRAHI TEFAHOT BANK LTD</name>
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        <title>MIZRAHI TEFAHOT BANK LTD ILS0.01</title>
        <cusip>000000000</cusip>
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          <isin value="IL0006954379"/>
          <ticker value="MZTF"/>
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        <currencyConditional curCd="ILS" exchangeRt="2.97945000"/>
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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>NISSIN FOODS CO LTD</name>
        <lei>353800BDH75N9VLV9Z07</lei>
        <title>NISSIN FOODS CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0000376142"/>
          <ticker value="1475"/>
          <other otherDesc="SEDOL" value="BD2CBX4"/>
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        <currencyConditional curCd="HKD" exchangeRt="7.84205000"/>
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        <pctVal>0.009607909486</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KYUSHU RAILWAY COMPANY</name>
        <lei>5299002CCI6HLWAN3K50</lei>
        <title>KYUSHU RAILWAY COMPANY NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3247010006"/>
          <ticker value="9142"/>
          <other otherDesc="SEDOL" value="BD2BST6"/>
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        <balance>2600.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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        <pctVal>0.003869503657</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>
        <name>TORAY INDUSTRIES INC</name>
        <lei>35380099TCYR5FHT0A11</lei>
        <title>TORAY INDUSTRIES INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3621000003"/>
          <ticker value="3402"/>
          <other otherDesc="SEDOL" value="6897143"/>
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        <balance>17600.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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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>BANCO BPM SPA</name>
        <lei>815600E4E6DCD2D25E30</lei>
        <title>BANCO BPM SPA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0005218380"/>
          <ticker value="BAMI"/>
          <other otherDesc="SEDOL" value="BYMD5K9"/>
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        <balance>183209.00000000</balance>
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        <pctVal>0.218978833538</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>COLES GROUP LTD</name>
        <lei>549300OHQRG2HN8LZ793</lei>
        <title>COLES GROUP LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000030678"/>
          <ticker value="COL"/>
          <other otherDesc="SEDOL" value="BYWR0T5"/>
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        <balance>92564.00000000</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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      <invstOrSec>
        <name>BENDIGO AND ADELAIDE BANK LTD</name>
        <lei>549300Y9URD6W70K0360</lei>
        <title>BENDIGO AND ADELAIDE BANK LTD ORD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000BEN6"/>
          <ticker value="BEN"/>
          <other otherDesc="SEDOL" value="6091280"/>
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        <balance>21686.00000000</balance>
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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>IVE GROUP LTD</name>
        <lei>N/A</lei>
        <title>IVE GROUP LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000IGL0"/>
          <ticker value="IGL"/>
          <other otherDesc="SEDOL" value="BD08J52"/>
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        <balance>132171.00000000</balance>
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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>WESFARMERS LTD</name>
        <lei>5493003L32ZX9557ST85</lei>
        <title>WESFARMERS LTD ORD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000WES1"/>
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          <other otherDesc="SEDOL" value="6948836"/>
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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>AICA KOGYO CO LTD</name>
        <lei>353800I589BKZAOJD116</lei>
        <title>AICA KOGYO CO LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3100800006"/>
          <ticker value="4206"/>
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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>AKTIA BANK PLC</name>
        <lei>743700GC62JLHFBUND16</lei>
        <title>AKTIA BANK PLC NPV</title>
        <cusip>000000000</cusip>
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          <isin value="FI4000058870"/>
          <ticker value="AKTIA"/>
          <other otherDesc="SEDOL" value="BBVJ5R4"/>
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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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        <name>SUMITOMO FORESTRY COMPANY LTD</name>
        <lei>549300FIIRGO6D5FWR19</lei>
        <title>SUMITOMO FORESTRY COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3409800004"/>
          <ticker value="1911"/>
          <other otherDesc="SEDOL" value="6858861"/>
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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>MCDONALD'S HOLDINGS CO (JAPAN) LTD</name>
        <lei>529900FY9FV0AYNRC729</lei>
        <title>MCDONALD'S HOLDINGS CO (JAPAN) LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3750500005"/>
          <ticker value="2702"/>
          <other otherDesc="SEDOL" value="6371863"/>
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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>OKINAWA CELLULAR TELEPHONE COMPANY</name>
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        <cusip>000000000</cusip>
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          <isin value="JP3194650002"/>
          <ticker value="9436"/>
          <other otherDesc="SEDOL" value="6147428"/>
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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>AIRTEL AFRICA PLC</name>
        <lei>254900ZNZDQL6OWQH623</lei>
        <title>AIRTEL AFRICA PLC ORD USD0.5</title>
        <cusip>000000000</cusip>
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          <ticker value="AAF"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WH GROUP LTD</name>
        <lei>254900A4AYEDRWYSE928</lei>
        <title>WH GROUP LTD USD0.0001</title>
        <cusip>000000000</cusip>
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          <isin value="KYG960071028"/>
          <ticker value="288"/>
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        <balance>1818500.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84205000"/>
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        <pctVal>0.133005273692</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>LEONARDO SPA</name>
        <lei>529900X4EEX1U9LN3U39</lei>
        <title>LEONARDO SPA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0003856405"/>
          <ticker value="LDO"/>
          <other otherDesc="SEDOL" value="B0DJNG0"/>
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        <balance>16078.00000000</balance>
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        <pctVal>0.059679774862</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SANKYU INC</name>
        <lei>529900QWTXZZEM1T5G75</lei>
        <title>SANKYU INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3326000001"/>
          <ticker value="9065"/>
          <other otherDesc="SEDOL" value="6775380"/>
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        <balance>3000.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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        <pctVal>0.011017714145</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ADEKA CORP</name>
        <lei>N/A</lei>
        <title>ADEKA CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3114800000"/>
          <ticker value="4401"/>
          <other otherDesc="SEDOL" value="6054904"/>
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        <balance>4900.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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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>PSP SWISS PROPERTY AG</name>
        <lei>50670042Y437P8X44F56</lei>
        <title>PSP SWISS PROPERTY AG CHF0.10 (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0018294154"/>
          <ticker value="PSPN"/>
          <other otherDesc="SEDOL" value="B012877"/>
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        <balance>1268.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.80665000"/>
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        <pctVal>0.015672155400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SANTEN PHARMACEUTICAL COMPANY LTD</name>
        <lei>529900TPT3I7C17MIM03</lei>
        <title>SANTEN PHARMACEUTICAL COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3336000009"/>
          <ticker value="4536"/>
          <other otherDesc="SEDOL" value="6776606"/>
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        <balance>14200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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        <pctVal>0.012894058867</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VONOVIA SE</name>
        <lei>5299005A2ZEP6AP7KM81</lei>
        <title>VONOVIA SE NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000A1ML7J1"/>
          <ticker value="VNA"/>
          <other otherDesc="SEDOL" value="BBJPFY1"/>
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        <balance>60294.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
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        <pctVal>0.102971635018</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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      <invstOrSec>
        <name>MORIMATSU INTERNATIONAL HOLDINGS CO LTD</name>
        <lei>254900S979D8JU8HAB24</lei>
        <title>MORIMATSU INTERNATIONAL HOLDINGS CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0000709128"/>
          <ticker value="2155"/>
          <other otherDesc="SEDOL" value="BNKLJ40"/>
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        <balance>65000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84205000"/>
        <valUSD>63573.94000000</valUSD>
        <pctVal>0.004398552289</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NESTLE' SA/AG</name>
        <lei>KY37LUS27QQX7BB93L28</lei>
        <title>NESTLE' SA/AG CHF0.10 (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0038863350"/>
          <ticker value="NESN"/>
          <other otherDesc="SEDOL" value="7123870"/>
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        <balance>165949.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.80665000"/>
        <valUSD>17091728.66000000</valUSD>
        <pctVal>1.182542127083</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RAMI LEVI CHAIN STORES HASHIKMA MARKETING 2006 LTD</name>
        <lei>N/A</lei>
        <title>RAMI LEVI CHAIN STORES HASHIKMA MARKETING 2006 LTD ILS0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0011042491"/>
          <ticker value="RMLI"/>
          <other otherDesc="SEDOL" value="B3CR162"/>
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        <balance>3572.00000000</balance>
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        <currencyConditional curCd="ILS" exchangeRt="2.97945000"/>
        <valUSD>437590.83000000</valUSD>
        <pctVal>0.030276024221</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>
        <name>ISETAN MITSUKOSHI HOLDINGS LTD</name>
        <lei>529900SY5RZO92EFG035</lei>
        <title>ISETAN MITSUKOSHI HOLDINGS LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3894900004"/>
          <ticker value="3099"/>
          <other otherDesc="SEDOL" value="B2Q4CL4"/>
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        <balance>10100.00000000</balance>
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        <pctVal>0.017705906921</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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      <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>20900.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>404304.57000000</valUSD>
        <pctVal>0.027973015234</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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      <invstOrSec>
        <name>TOA CORP (TOKYO)</name>
        <lei>353800AT816JCLZ5WD63</lei>
        <title>TOA CORP (TOKYO) NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3556000002"/>
          <ticker value="1885"/>
          <other otherDesc="SEDOL" value="6894508"/>
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        <balance>14300.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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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>SAVILLS PLC</name>
        <lei>213800WXICGMBWHTA933</lei>
        <title>SAVILLS PLC ORD GBP0.025</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B135BJ46"/>
          <ticker value="SVS"/>
          <other otherDesc="SEDOL" value="B135BJ4"/>
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        <balance>8896.00000000</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>SAAB AB</name>
        <lei>549300ZHO4JCQQI13M69</lei>
        <title>SAAB AB NPV B</title>
        <cusip>000000000</cusip>
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          <isin value="SE0021921269"/>
          <ticker value="SAABB"/>
          <other otherDesc="SEDOL" value="BPXZH27"/>
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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>AQ GROUP AB</name>
        <lei>549300CN568MD1JD3E40</lei>
        <title>AQ GROUP AB NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0022062196"/>
          <ticker value="AQ"/>
          <other otherDesc="SEDOL" value="BSD4GW8"/>
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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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      <invstOrSec>
        <name>AIRPORT FACILITIES CO LTD</name>
        <lei>3538003U8FJWNCO7VZ82</lei>
        <title>AIRPORT FACILITIES CO LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3266050008"/>
          <ticker value="8864"/>
          <other otherDesc="SEDOL" value="6012742"/>
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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>WILMINGTON PLC</name>
        <lei>213800PFUQT4HHFYZJ63</lei>
        <title>WILMINGTON PLC ORD GBP0.05</title>
        <cusip>000000000</cusip>
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          <isin value="GB0009692319"/>
          <ticker value="WIL"/>
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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>MITSUBISHI ESTATE CO LTD</name>
        <lei>353800KOFMRGOXSJ5Z65</lei>
        <title>MITSUBISHI ESTATE CO LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3899600005"/>
          <ticker value="8802"/>
          <other otherDesc="SEDOL" value="6596729"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SINFONIA TECHNOLOGY COMPANY LTD</name>
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        <title>SINFONIA TECHNOLOGY COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3375400003"/>
          <ticker value="6507"/>
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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>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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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SSAB AB</name>
        <lei>529900329VS14ZIML164</lei>
        <title>SSAB AB SER'A'NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0000171100"/>
          <ticker value="SSABA"/>
          <other otherDesc="SEDOL" value="B17H0S8"/>
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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>VOESTALPINE AG</name>
        <lei>529900ZAXBMQDIWPNB72</lei>
        <title>VOESTALPINE AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AT0000937503"/>
          <ticker value="VOE"/>
          <other otherDesc="SEDOL" value="4943402"/>
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        <balance>5888.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>IMDEX LTD</name>
        <lei>529900H31NX5KRKXB865</lei>
        <title>IMDEX LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000IMD5"/>
          <ticker value="IMD"/>
          <other otherDesc="SEDOL" value="6462154"/>
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        <balance>136413.00000000</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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      <invstOrSec>
        <name>OSG CORP</name>
        <lei>353800IWJAOVAFO6X450</lei>
        <title>OSG CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3170800001"/>
          <ticker value="6136"/>
          <other otherDesc="SEDOL" value="6655620"/>
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        <balance>19200.00000000</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>HSBC BANK PLC</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
        <title>CURRENCY CONTRACT - DKK</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="CCTDKK__00222629"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>53.31000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>HSBC BANK PLC</counterpartyName>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INTERTEK GROUP PLC</name>
        <lei>2138003GAT25WW1RN369</lei>
        <title>INTERTEK GROUP PLC ORD GBP0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0031638363"/>
          <ticker value="ITRK"/>
          <other otherDesc="SEDOL" value="3163836"/>
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        <currencyConditional curCd="GBP" exchangeRt="0.75343800"/>
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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>HONG KONG &amp; CHINA GAS CO LTD (TOWNGAS)</name>
        <lei>254900P7BETXGC7YU827</lei>
        <title>HONG KONG &amp; CHINA GAS CO LTD (TOWNGAS) NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0003000038"/>
          <ticker value="3"/>
          <other otherDesc="SEDOL" value="6436557"/>
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        <currencyConditional curCd="HKD" exchangeRt="7.84205000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</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>NEXTAGE CO LTD</name>
        <lei>N/A</lei>
        <title>NEXTAGE CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3758210003"/>
          <ticker value="3186"/>
          <other otherDesc="SEDOL" value="BBQ2ZC3"/>
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        <balance>24200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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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>METSO OYJ</name>
        <lei>549300R0VN9C371W0E07</lei>
        <title>METSO OYJ NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FI0009014575"/>
          <ticker value="METSO"/>
          <other otherDesc="SEDOL" value="B1FN8X9"/>
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        <balance>75012.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
        <valUSD>1303570.64000000</valUSD>
        <pctVal>0.090191415280</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</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>TAIHEIYO CEMENT CORP</name>
        <lei>N/A</lei>
        <title>TAIHEIYO CEMENT CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3449020001"/>
          <ticker value="5233"/>
          <other otherDesc="SEDOL" value="6660204"/>
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        <balance>4100.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>100175.97000000</valUSD>
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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>CK ASSET HOLDINGS LTD</name>
        <lei>5299006GJZSGP78B8S35</lei>
        <title>CK ASSET HOLDINGS LTD HKD1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG2177B1014"/>
          <ticker value="1113"/>
          <other otherDesc="SEDOL" value="BYZQ077"/>
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        <balance>91000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84205000"/>
        <valUSD>512669.52000000</valUSD>
        <pctVal>0.035470566888</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GALAXY ENTERTAINMENT GROUP LTD</name>
        <lei>549300ZSEBV3HR826S10</lei>
        <title>GALAXY ENTERTAINMENT GROUP LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0027032686"/>
          <ticker value="27"/>
          <other otherDesc="SEDOL" value="6465874"/>
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        <balance>246000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84205000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ACCENT GROUP LTD</name>
        <lei>N/A</lei>
        <title>ACCENT GROUP LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000AX19"/>
          <ticker value="AX1"/>
          <other otherDesc="SEDOL" value="BD20RS5"/>
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        <balance>76326.00000000</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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      <invstOrSec>
        <name>SULZER AG</name>
        <lei>529900NZ6MAST5IJF669</lei>
        <title>SULZER AG CHF0.01 (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0038388911"/>
          <ticker value="SUN"/>
          <other otherDesc="SEDOL" value="4854719"/>
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        <balance>1840.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.80665000"/>
        <valUSD>306115.42000000</valUSD>
        <pctVal>0.021179506596</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GLORY LTD</name>
        <lei>3538003FKID28TGG5U64</lei>
        <title>GLORY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3274400005"/>
          <ticker value="6457"/>
          <other otherDesc="SEDOL" value="6374226"/>
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        <balance>7500.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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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>MARUWA CO LTD</name>
        <lei>3538009BXGIG8PFXNI29</lei>
        <title>MARUWA CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3879250003"/>
          <ticker value="5344"/>
          <other otherDesc="SEDOL" value="6570660"/>
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        <balance>3000.00000000</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>SONOVA HOLDING AG</name>
        <lei>5299004A0QNX7FBNHS61</lei>
        <title>SONOVA HOLDING AG CHF0.05 (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0012549785"/>
          <ticker value="SOON"/>
          <other otherDesc="SEDOL" value="7156036"/>
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        <balance>2384.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.80665000"/>
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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>CYBERAGENT INC</name>
        <lei>3538006T5KZABPGS8Q08</lei>
        <title>CYBERAGENT INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3311400000"/>
          <ticker value="4751"/>
          <other otherDesc="SEDOL" value="6220501"/>
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        <balance>52100.00000000</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>CANON MARKETING JAPAN INC</name>
        <lei>529900WMTZBIIROD5K97</lei>
        <title>CANON MARKETING JAPAN INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3243600008"/>
          <ticker value="8060"/>
          <other otherDesc="SEDOL" value="6172453"/>
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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>NCC AB</name>
        <lei>213800WRGLW3CY4MHW53</lei>
        <title>NCC AB SER'B'NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0000117970"/>
          <ticker value="NCCB"/>
          <other otherDesc="SEDOL" value="4645742"/>
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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>BREVILLE GROUP LTD</name>
        <lei>529900MM4WH0KSB3KW37</lei>
        <title>BREVILLE GROUP LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000BRG2"/>
          <ticker value="BRG"/>
          <other otherDesc="SEDOL" value="6158709"/>
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        <balance>32429.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.44341800"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WOOLWORTHS GROUP LTD</name>
        <lei>QNWEWQBS7HP85QHXQL92</lei>
        <title>WOOLWORTHS GROUP LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000WOW2"/>
          <ticker value="WOW"/>
          <other otherDesc="SEDOL" value="6981239"/>
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        <valUSD>1621452.70000000</valUSD>
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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>
      <invstOrSec>
        <name>FURUKAWA ELECTRIC CO LTD (THE)</name>
        <lei>353800TJR1DQ3P1QR918</lei>
        <title>FURUKAWA ELECTRIC CO LTD (THE) NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3827200001"/>
          <ticker value="5801"/>
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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>RHEINMETALL AG</name>
        <lei>5299001OU9CSE29O6S05</lei>
        <title>RHEINMETALL AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0007030009"/>
          <ticker value="RHM"/>
          <other otherDesc="SEDOL" value="5334588"/>
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        <balance>968.00000000</balance>
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        <pctVal>0.075843908669</pctVal>
        <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>
      <invstOrSec>
        <name>RAI WAY SPA</name>
        <lei>815600303CCB3CFD2264</lei>
        <title>RAI WAY SPA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0005054967"/>
          <ticker value="RWAY"/>
          <other otherDesc="SEDOL" value="BSM8WL2"/>
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        <balance>63519.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
        <valUSD>367463.67000000</valUSD>
        <pctVal>0.025424067898</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CAREL INDUSTRIES SPA</name>
        <lei>815600115DA6E507AE33</lei>
        <title>CAREL INDUSTRIES SPA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0005331019"/>
          <ticker value="CRL"/>
          <other otherDesc="SEDOL" value="BG1VQ16"/>
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        <balance>32767.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
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        <pctVal>0.082294588806</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>LEROY SEAFOOD GROUP ASA</name>
        <lei>5967007LIEEXZXJ2JK50</lei>
        <title>LEROY SEAFOOD GROUP ASA NOK0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0003096208"/>
          <ticker value="LSG"/>
          <other otherDesc="SEDOL" value="4691916"/>
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        <balance>59528.00000000</balance>
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        <currencyConditional curCd="NOK" exchangeRt="9.89550000"/>
        <valUSD>230399.92000000</valUSD>
        <pctVal>0.015940904334</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SHINNIHONSEIYAKU CO LTD</name>
        <lei>N/A</lei>
        <title>SHINNIHONSEIYAKU CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3381200009"/>
          <ticker value="4931"/>
          <other otherDesc="SEDOL" value="BKB1LX1"/>
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        <balance>10100.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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        <pctVal>0.008375693758</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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      </invstOrSec>
      <invstOrSec>
        <name>MTU AERO ENGINES AG</name>
        <lei>529900807L67JY81RD65</lei>
        <title>MTU AERO ENGINES AG NPV (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000A0D9PT0"/>
          <ticker value="MTX"/>
          <other otherDesc="SEDOL" value="B09DHL9"/>
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        <balance>1429.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
        <valUSD>594531.02000000</valUSD>
        <pctVal>0.041134398456</pctVal>
        <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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>QANTAS AIRWAYS LTD</name>
        <lei>YLXNW6TI6QSK1H8H0N82</lei>
        <title>QANTAS AIRWAYS LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000QAN2"/>
          <ticker value="QAN"/>
          <other otherDesc="SEDOL" value="6710347"/>
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        <balance>102280.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.44341800"/>
        <valUSD>752528.79000000</valUSD>
        <pctVal>0.052065944511</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>
        <name>ZOJIRUSHI CORP</name>
        <lei>N/A</lei>
        <title>ZOJIRUSHI CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3437400009"/>
          <ticker value="7965"/>
          <other otherDesc="SEDOL" value="6989556"/>
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        <balance>10600.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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        <pctVal>0.006019662565</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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      <invstOrSec>
        <name>QUICK COMPANY LTD</name>
        <lei>N/A</lei>
        <title>QUICK COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3266000003"/>
          <ticker value="4318"/>
          <other otherDesc="SEDOL" value="6406743"/>
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        <balance>23400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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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>MORGAN STANLEY &amp; CO. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>CURRENCY CONTRACT - USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="CCTUSD__00217404"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>344522.09000000</valUSD>
        <pctVal>0.023836786391</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PRUDENTIAL PLC</name>
        <lei>5493001Z3ZE83NGK8Y12</lei>
        <title>PRUDENTIAL PLC GBP0.05</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0007099541"/>
          <ticker value="PRU"/>
          <other otherDesc="SEDOL" value="0709954"/>
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        <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>MITSUBISHI UFJ FINANCIAL GROUP INC</name>
        <lei>353800V2V8PUY9TK3E06</lei>
        <title>MITSUBISHI UFJ FINANCIAL GROUP INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3902900004"/>
          <ticker value="8306"/>
          <other otherDesc="SEDOL" value="6335171"/>
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        <balance>538000.00000000</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>CKD CORP</name>
        <lei>N/A</lei>
        <title>CKD CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3346800000"/>
          <ticker value="6407"/>
          <other otherDesc="SEDOL" value="6160050"/>
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        <balance>10500.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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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>SANDOZ GROUP AG</name>
        <lei>5493000JWK6XWFEUD320</lei>
        <title>SANDOZ GROUP AG CHF0.05</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH1243598427"/>
          <ticker value="SDZ"/>
          <other otherDesc="SEDOL" value="BLPLD38"/>
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        <balance>19149.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.80665000"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FUJIKURA COMPOSITE INC</name>
        <lei>N/A</lei>
        <title>FUJIKURA COMPOSITE INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3811600000"/>
          <ticker value="5121"/>
          <other otherDesc="SEDOL" value="6356763"/>
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        <balance>11600.00000000</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>DIPLOMA PLC</name>
        <lei>2138008OGI7VYG8FGR19</lei>
        <title>DIPLOMA PLC ORD GBP0.05</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0001826634"/>
          <ticker value="DPLM"/>
          <other otherDesc="SEDOL" value="0182663"/>
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        <balance>14911.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75343800"/>
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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>SGS SA</name>
        <lei>2138007JNS19JHNA2336</lei>
        <title>SGS SA CHF0.04 (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH1256740924"/>
          <ticker value="SGSN"/>
          <other otherDesc="SEDOL" value="BMBQHZ4"/>
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        <balance>14202.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.80665000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TBC BANK GROUP PLC</name>
        <lei>213800T6NS9N2WQ3B328</lei>
        <title>TBC BANK GROUP PLC ORD GBP0.01</title>
        <cusip>000000000</cusip>
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          <ticker value="TBCG"/>
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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>NICK SCALI LTD</name>
        <lei>9845001BZF7580DX6460</lei>
        <title>NICK SCALI LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000NCK1"/>
          <ticker value="NCK"/>
          <other otherDesc="SEDOL" value="B00VZV8"/>
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        <balance>21645.00000000</balance>
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        <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>KOBE BUSSAN COMPANY LTD</name>
        <lei>353800CJIFNHN2DXRD59</lei>
        <title>KOBE BUSSAN COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3291200008"/>
          <ticker value="3038"/>
          <other otherDesc="SEDOL" value="B14RJB7"/>
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        <balance>24000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TOMY CO LTD</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <isin value="JP3630550006"/>
          <ticker value="7867"/>
          <other otherDesc="SEDOL" value="6046923"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>EVI LTD</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <isin value="AU000000EVT1"/>
          <ticker value="EVT"/>
          <other otherDesc="SEDOL" value="BDG0N49"/>
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        <balance>37877.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.44341800"/>
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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>SANOH INDUSTRIAL CO LTD</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3325200008"/>
          <ticker value="6584"/>
          <other otherDesc="SEDOL" value="6775807"/>
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        <balance>53900.00000000</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>SWEDBANK AB</name>
        <lei>M312WZV08Y7LYUC71685</lei>
        <title>SWEDBANK AB SER'A'NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0000242455"/>
          <ticker value="SWEDA"/>
          <other otherDesc="SEDOL" value="4846523"/>
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        <balance>82578.00000000</balance>
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        <currencyConditional curCd="SEK" exchangeRt="9.67815000"/>
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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>ROYAL UNIBREW A/S</name>
        <lei>529900D69KFL8IAP8Q63</lei>
        <title>ROYAL UNIBREW A/S DKK2</title>
        <cusip>000000000</cusip>
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          <isin value="DK0060634707"/>
          <ticker value="RBREW"/>
          <other otherDesc="SEDOL" value="BX8ZX20"/>
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        <balance>4616.00000000</balance>
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        <currencyConditional curCd="DKK" exchangeRt="6.53800000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALFA FINANCIAL SOFTWARE HOLDINGS PLC</name>
        <lei>213800C5UOZHUTNUGA28</lei>
        <title>ALFA FINANCIAL SOFTWARE HOLDINGS PLC ORD GBP0.001</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BDHXPG30"/>
          <ticker value="ALFA"/>
          <other otherDesc="SEDOL" value="BDHXPG3"/>
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        <balance>62800.00000000</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>ALPS ALPINE CO LTD</name>
        <lei>529900PWNU4ASLY9VI90</lei>
        <title>ALPS ALPINE CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3126400005"/>
          <ticker value="6770"/>
          <other otherDesc="SEDOL" value="6021500"/>
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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>ROHTO PHARMACEUTICAL CO LTD</name>
        <lei>353800Q1CW5OS81OUM12</lei>
        <title>ROHTO PHARMACEUTICAL CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3982400008"/>
          <ticker value="4527"/>
          <other otherDesc="SEDOL" value="6747367"/>
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        <balance>26700.00000000</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>DERMAPHARM HOLDING SE</name>
        <lei>5299009F0KNZINQQQK37</lei>
        <title>DERMAPHARM HOLDING SE NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000A2GS5D8"/>
          <ticker value="DMP"/>
          <other otherDesc="SEDOL" value="BFYTTC2"/>
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        <balance>3007.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NIPPON STEEL CORP</name>
        <lei>35380065QWQ4U2V3PA33</lei>
        <title>NIPPON STEEL CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3381000003"/>
          <ticker value="5401"/>
          <other otherDesc="SEDOL" value="6642569"/>
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        <balance>377500.00000000</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>MIZUNO CORP</name>
        <lei>353800HVH84K5YH37819</lei>
        <title>MIZUNO CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3905200006"/>
          <ticker value="8022"/>
          <other otherDesc="SEDOL" value="6597960"/>
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        <balance>11100.00000000</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>TUAN SING HOLDINGS LTD</name>
        <lei>8755001UMEYVQ6IVUY87</lei>
        <title>TUAN SING HOLDINGS LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG2D13002373"/>
          <ticker value="TSH"/>
          <other otherDesc="SEDOL" value="6450687"/>
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        <balance>559608.00000000</balance>
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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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      <invstOrSec>
        <name>SANSHIN ELECTRONICS COMPANY LTD</name>
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        <title>SANSHIN ELECTRONICS COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3333200008"/>
          <ticker value="8150"/>
          <other otherDesc="SEDOL" value="6776361"/>
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        <balance>9200.00000000</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>FERROVIAL NV</name>
        <lei>72450022R2ZFL41Y6I04</lei>
        <title>FERROVIAL NV EUR0.01</title>
        <cusip>000000000</cusip>
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          <isin value="NL0015001FS8"/>
          <ticker value="FER"/>
          <other otherDesc="SEDOL" value="BRS7CF0"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CHEMOMETEC A/S</name>
        <lei>213800533NBKECGONO68</lei>
        <title>CHEMOMETEC A/S DKK1</title>
        <cusip>000000000</cusip>
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          <isin value="DK0060055861"/>
          <ticker value="CHEMM"/>
          <other otherDesc="SEDOL" value="B1KBGS9"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KATITAS CO LTD</name>
        <lei>N/A</lei>
        <title>KATITAS CO LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3932950003"/>
          <ticker value="8919"/>
          <other otherDesc="SEDOL" value="BF0QD69"/>
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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>COMMERZBANK AG</name>
        <lei>851WYGNLUQLFZBSYGB56</lei>
        <title>COMMERZBANK AG NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE000CBK1001"/>
          <ticker value="CBK"/>
          <other otherDesc="SEDOL" value="B90LKT4"/>
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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>ELIA GROUP SA/NV</name>
        <lei>549300S1MP1NFDIKT460</lei>
        <title>ELIA GROUP SA/NV NPV</title>
        <cusip>000000000</cusip>
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          <isin value="BE0003822393"/>
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        <assetCat>EC</assetCat>
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        <invCountry>BE</invCountry>
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        <name>CTP NV</name>
        <lei>3157000YTVO4TN65UM14</lei>
        <title>CTP NV EUR0.16</title>
        <cusip>000000000</cusip>
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          <isin value="NL00150006R6"/>
          <ticker value="CTPNV"/>
          <other otherDesc="SEDOL" value="BLF7T27"/>
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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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        <name>NIPPON SIGNAL CO LTD (THE)</name>
        <lei>353800WH3SH4B0OO8074</lei>
        <title>NIPPON SIGNAL CO LTD (THE) NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3716000009"/>
          <ticker value="6741"/>
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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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          <isCashCollateral>N</isCashCollateral>
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        <name>I'LL INC</name>
        <lei>N/A</lei>
        <title>I'LL INC NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3105180008"/>
          <ticker value="3854"/>
          <other otherDesc="SEDOL" value="B1Y8Y93"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MAX CO LTD</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <isin value="JP3864800002"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TAIYO YUDEN CO LTD</name>
        <lei>353800V9G3X5PLB9AD43</lei>
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        <cusip>000000000</cusip>
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          <isin value="JP3452000007"/>
          <ticker value="6976"/>
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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>TRIAL HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>TRIAL HOLDINGS INC NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3635490000"/>
          <ticker value="141A"/>
          <other otherDesc="SEDOL" value="BMGS119"/>
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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>QINETIQ GROUP PLC</name>
        <lei>213800S8OBDOZMCMUW34</lei>
        <title>QINETIQ GROUP PLC ORD GBP0.01</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B0WMWD03"/>
          <ticker value="QQ/"/>
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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>DBS GROUP HOLDINGS LTD</name>
        <lei>5493007FKT78NKPM5V55</lei>
        <title>DBS GROUP HOLDINGS LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SG1L01001701"/>
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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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      <invstOrSec>
        <name>GEBERIT AG</name>
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        <cusip>000000000</cusip>
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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>HSBC BANK PLC</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
        <title>CURRENCY CONTRACT - USD</title>
        <cusip>000000000</cusip>
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          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="CCTUSD__00217466"/>
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        <curCd>USD</curCd>
        <valUSD>80101.84000000</valUSD>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FERRETTI SPA</name>
        <lei>815600F40754716D2D91</lei>
        <title>FERRETTI SPA NPV</title>
        <cusip>000000000</cusip>
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          <isin value="IT0005383291"/>
          <ticker value="YACHT"/>
          <other otherDesc="SEDOL" value="BK5MNS9"/>
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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>VALEO SE</name>
        <lei>5493006IH2N2WMIBB742</lei>
        <title>VALEO SE EUR1</title>
        <cusip>000000000</cusip>
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          <isin value="FR0013176526"/>
          <ticker value="FR"/>
          <other otherDesc="SEDOL" value="BDC5ST8"/>
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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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      <invstOrSec>
        <name>COCA-COLA HBC AG</name>
        <lei>549300EFP3TNG7JGVE49</lei>
        <title>COCA-COLA HBC AG ORD CHF6.70(CDI)</title>
        <cusip>000000000</cusip>
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          <ticker value="CCH"/>
          <other otherDesc="SEDOL" value="B9895B7"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>RENISHAW PLC</name>
        <lei>21380048ADXM6Z67CT18</lei>
        <title>RENISHAW PLC ORD GBP0.20</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0007323586"/>
          <ticker value="RSW"/>
          <other otherDesc="SEDOL" value="0732358"/>
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        <balance>8067.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>SEVEN BANK LTD</name>
        <lei>353800WMG1NLGHB7B594</lei>
        <title>SEVEN BANK LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3105220002"/>
          <ticker value="8410"/>
          <other otherDesc="SEDOL" value="B2NT8S1"/>
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        <balance>400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KLEPIERRE SA</name>
        <lei>969500PB4U31KEFHZ621</lei>
        <title>KLEPIERRE SA EUR1.40</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000121964"/>
          <ticker value="LI"/>
          <other otherDesc="SEDOL" value="7582556"/>
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        <balance>29065.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ENTAIN PLC</name>
        <lei>213800GNI3K45LQR8L28</lei>
        <title>ENTAIN PLC ORD EUR0.01</title>
        <cusip>000000000</cusip>
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          <isin value="IM00B5VQMV65"/>
          <ticker value="ENT"/>
          <other otherDesc="SEDOL" value="B5VQMV6"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IM</invCountry>

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        <name>MURATA MANUFACTURING COMPANY LTD</name>
        <lei>529900QZG6DL8ZRI7140</lei>
        <title>MURATA MANUFACTURING COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3914400001"/>
          <ticker value="6981"/>
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        <name>UT GROUP CO LTD</name>
        <lei>N/A</lei>
        <title>UT GROUP CO LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3949500007"/>
          <ticker value="2146"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>RETAIL PARTNERS CO LTD</name>
        <lei>N/A</lei>
        <title>RETAIL PARTNERS CO LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3873200004"/>
          <ticker value="8167"/>
          <other otherDesc="SEDOL" value="6569787"/>
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        <balance>11000.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>CEMBRA MONEY BANK AG</name>
        <lei>549300ZDHOETLAIVTE82</lei>
        <title>CEMBRA MONEY BANK AG CHF1 (REGD)</title>
        <cusip>000000000</cusip>
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          <isin value="CH0225173167"/>
          <ticker value="CMBN"/>
          <other otherDesc="SEDOL" value="BFSSBH4"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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      <invstOrSec>
        <name>JPMorgan Chase Bank, National Association</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>CURRENCY CONTRACT - USD</title>
        <cusip>000000000</cusip>
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          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="CCTUSD__00217926"/>
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      <invstOrSec>
        <name>ROLLS-ROYCE HOLDINGS PLC</name>
        <lei>213800EC7997ZBLZJH69</lei>
        <title>ROLLS-ROYCE HOLDINGS PLC ORD GBP0.20</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B63H8491"/>
          <ticker value="RR/"/>
          <other otherDesc="SEDOL" value="B63H849"/>
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        <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>CREATE RESTAURANTS HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>CREATE RESTAURANTS HOLDINGS INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3269930008"/>
          <ticker value="3387"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
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      <invstOrSec>
        <name>FIBI HOLDINGS LTD</name>
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      <invstOrSec>
        <name>BAYER AG</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>DEUTSCHE BANK AKTIENGESELLSCHAFT</name>
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      <invstOrSec>
        <name>DANSKE BANK A/S</name>
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      <invstOrSec>
        <name>USS COMPANY LTD</name>
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        <title>USS COMPANY LTD NPV</title>
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          <isin value="JP3944130008"/>
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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>FRONTLINE PLC</name>
        <lei>5493004BCIKYU1YL3H63</lei>
        <title>FRONTLINE PLC COM</title>
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        <invCountry>CY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KOTOBUKI SPIRITS COMPANY LTD</name>
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        <title>KOTOBUKI SPIRITS COMPANY LTD NPV</title>
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          <isin value="JP3299600001"/>
          <ticker value="2222"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ZINZINO AB</name>
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        <name>FURUNO ELECTRIC COMPANY LTD</name>
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        <name>HSBC BANK PLC</name>
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        <name>BAE SYSTEMS PLC</name>
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        <name>STOREBRAND ASA</name>
        <lei>5967007LIEEXZX7NA051</lei>
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        <name>RBC DOMINION SECURITIES INC.</name>
        <lei>549300QJJX6CVVUXLE15</lei>
        <title>CURRENCY CONTRACT - USD</title>
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        <name>DIP CORP</name>
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        <name>SAN-AI OBBLI CO LTD</name>
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        <name>SWIRE PACIFIC LTD</name>
        <lei>549300KZOZHII0DGF611</lei>
        <title>SWIRE PACIFIC LTD 'B' NPV</title>
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        <name>JPMorgan Chase Bank, National Association</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>CURRENCY CONTRACT - USD</title>
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        <name>HALEON PLC</name>
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        <name>KEIHAN HOLDINGS CO LTD</name>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PROPERTY FRANCHISE GROUP PLC (THE)</name>
        <lei>2138008J5PTJ8C77I535</lei>
        <title>PROPERTY FRANCHISE GROUP PLC (THE) ORD GBP0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BH0WFH67"/>
          <ticker value="TPFG"/>
          <other otherDesc="SEDOL" value="BH0WFH6"/>
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        <balance>15957.00000000</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MARIMEKKO OYJ</name>
        <lei>74370053IOY42B9YJ350</lei>
        <title>MARIMEKKO OYJ NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FI0009007660"/>
          <ticker value="MEKKO"/>
          <other otherDesc="SEDOL" value="5645837"/>
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        <balance>11126.00000000</balance>
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        <valUSD>134072.56000000</valUSD>
        <pctVal>0.009276209179</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</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>ALM BRAND A/S</name>
        <lei>549300H4TGLJVZ6VTA48</lei>
        <title>ALM BRAND A/S DKK1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DK0015250344"/>
          <ticker value="ALMB"/>
          <other otherDesc="SEDOL" value="4350024"/>
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        <balance>75126.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.53800000"/>
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        <pctVal>0.012879262326</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</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>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>6200.00000000</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>
      <invstOrSec>
        <name>AEON CO LTD</name>
        <lei>5299009MXFL34SA71416</lei>
        <title>AEON CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3388200002"/>
          <ticker value="8267"/>
          <other otherDesc="SEDOL" value="6480048"/>
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        <balance>53665.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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        <pctVal>0.030635880575</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RYOHIN KEIKAKU COMPANY LTD</name>
        <lei>549300PMNF56J66BY371</lei>
        <title>RYOHIN KEIKAKU COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3976300008"/>
          <ticker value="7453"/>
          <other otherDesc="SEDOL" value="6758455"/>
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        <balance>57600.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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        <pctVal>0.086778772287</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DASSAULT AVIATION SA</name>
        <lei>969500CVFTUT88V8QN95</lei>
        <title>DASSAULT AVIATION SA EUR0.80</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0014004L86"/>
          <ticker value="AM"/>
          <other otherDesc="SEDOL" value="BMT9L19"/>
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        <balance>3514.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</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>ALFA LAVAL AB</name>
        <lei>549300UCKT2UK88AG251</lei>
        <title>ALFA LAVAL AB NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0000695876"/>
          <ticker value="ALFA"/>
          <other otherDesc="SEDOL" value="7332687"/>
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        <balance>16685.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.67815000"/>
        <valUSD>994740.21000000</valUSD>
        <pctVal>0.068824062634</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>ENAV SPA</name>
        <lei>81560048ECF8D2059980</lei>
        <title>ENAV SPA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0005176406"/>
          <ticker value="ENAV"/>
          <other otherDesc="SEDOL" value="BD0CRV6"/>
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        <balance>54678.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
        <valUSD>324756.92000000</valUSD>
        <pctVal>0.022469274267</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PLUS500 LTD</name>
        <lei>549300X8NGW9C5OJZU13</lei>
        <title>PLUS500 LTD ORD ILS0.01 (DI)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0011284465"/>
          <ticker value="PLUS"/>
          <other otherDesc="SEDOL" value="BBT3PS9"/>
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        <balance>3537.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75343800"/>
        <valUSD>224677.84000000</valUSD>
        <pctVal>0.015545005195</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>RWE AG</name>
        <lei>529900GB7KCA94ACC940</lei>
        <title>RWE AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0007037129"/>
          <ticker value="RWE"/>
          <other otherDesc="SEDOL" value="4768962"/>
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        <balance>28653.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
        <valUSD>1854813.30000000</valUSD>
        <pctVal>0.128330779686</pctVal>
        <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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEXT PLC</name>
        <lei>213800WQD8ECPZP9PH98</lei>
        <title>NEXT PLC ORD GBP0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0032089863"/>
          <ticker value="NXT"/>
          <other otherDesc="SEDOL" value="3208986"/>
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        <balance>5072.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75343800"/>
        <valUSD>979141.48000000</valUSD>
        <pctVal>0.067744818064</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>JOHNSON ELECTRIC HOLDINGS LTD</name>
        <lei>529900EDYRQ6K25JEC80</lei>
        <title>JOHNSON ELECTRIC HOLDINGS LTD HKD0.05</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG5150J1577"/>
          <ticker value="179"/>
          <other otherDesc="SEDOL" value="BP4JH17"/>
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        <balance>39500.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84205000"/>
        <valUSD>97767.17000000</valUSD>
        <pctVal>0.006764312695</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ASAHI NET INC</name>
        <lei>N/A</lei>
        <title>ASAHI NET INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3115800009"/>
          <ticker value="3834"/>
          <other otherDesc="SEDOL" value="B1HTX96"/>
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        <balance>54300.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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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>SAIZERIYA COMPANY LTD</name>
        <lei>N/A</lei>
        <title>SAIZERIYA COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3310500008"/>
          <ticker value="7581"/>
          <other otherDesc="SEDOL" value="6111779"/>
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        <balance>14100.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>470216.89000000</valUSD>
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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>PCA CORP</name>
        <lei>N/A</lei>
        <title>PCA CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3801500004"/>
          <ticker value="9629"/>
          <other otherDesc="SEDOL" value="6672748"/>
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        <balance>9200.00000000</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HITACHI LTD</name>
        <lei>549300T6IPOCDWLKC615</lei>
        <title>HITACHI LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3788600009"/>
          <ticker value="6501"/>
          <other otherDesc="SEDOL" value="6429104"/>
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        <balance>90300.00000000</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>
      <invstOrSec>
        <name>TALANX AG</name>
        <lei>5299006ZIILJ6VJVSJ32</lei>
        <title>TALANX AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000TLX1005"/>
          <ticker value="TLX"/>
          <other otherDesc="SEDOL" value="B8F0TD6"/>
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        <balance>4308.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SHIN-ETSU POLYMER CO LTD</name>
        <lei>N/A</lei>
        <title>SHIN-ETSU POLYMER CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3371600002"/>
          <ticker value="7970"/>
          <other otherDesc="SEDOL" value="6805704"/>
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        <balance>11400.00000000</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GALENICA AG</name>
        <lei>506700W4772BD8016Z20</lei>
        <title>GALENICA AG CHF0.1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0360674466"/>
          <ticker value="GALE"/>
          <other otherDesc="SEDOL" value="BYQCQ32"/>
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        <balance>1542.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.80665000"/>
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        <pctVal>0.011149552527</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>Y</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>ORKLA ASA</name>
        <lei>549300PZS8G8RG6RVZ52</lei>
        <title>ORKLA ASA NOK1.25</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0003733800"/>
          <ticker value="ORK"/>
          <other otherDesc="SEDOL" value="B1VQF42"/>
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        <balance>59325.00000000</balance>
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        <valUSD>624694.56000000</valUSD>
        <pctVal>0.043221352763</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JAPAN PROPERTY MANAGEMENT CENTER COMPANY LTD</name>
        <lei>N/A</lei>
        <title>JAPAN PROPERTY MANAGEMENT CENTER COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
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        <name>HSBC BANK PLC</name>
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      <invstOrSec>
        <name>LOTTERY CORP LTD (THE)</name>
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        <name>MEDICOVER AB</name>
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        <name>NIPPON THOMPSON COMPANY LTD</name>
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        <name>WisdomTree Treasury Money Market Digital Fund</name>
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        <name>OKAMURA CORP</name>
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        <name>TOEI ANIMATION COMPANY LTD</name>
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        <name>ACCOR SA</name>
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        <name>CTT CORREIOS DE PORTUGAL SA</name>
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        <name>CORPORATE TRAVEL MANAGEMENT LTD</name>
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      <invstOrSec>
        <name>TOKYO ELECTRON LTD</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SCENTRE GROUP LTD</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>1</fairValLevel>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BABCOCK INTERNATIONAL GROUP PLC</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>ONO PHARMACEUTICAL CO LTD</name>
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          <isin value="JP3197600004"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TELIA COMPANY AB</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TAKARA STANDARD CO LTD</name>
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        <cusip>000000000</cusip>
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          <isin value="JP3460000007"/>
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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>UNIQA INSURANCE GROUP AG</name>
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        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>OKUMA CORP</name>
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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>GSK PLC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>DENSO CORP</name>
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        <title>DENSO CORP NPV</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DEUTSCHE BANK AKTIENGESELLSCHAFT</name>
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        <name>KANSAI PAINT CO LTD</name>
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        <title>KANSAI PAINT CO LTD NPV</title>
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        <name>ONE SOFTWARE TECHNOLOGIES LTD</name>
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        <name>ORACLE CORP (JAPAN)</name>
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        <name>PROPEL FUNERAL PARTNERS LTD</name>
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        <name>RBC DOMINION SECURITIES INC.</name>
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        <name>PPHE HOTEL GROUP LTD</name>
        <lei>2138003H1BZGR6KM5823</lei>
        <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>
        <issuerCat>CORP</issuerCat>
        <invCountry>GG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT AG</name>
        <lei>529900MUF4C20K50JS49</lei>
        <title>MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT AG NPV(REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0008430026"/>
          <ticker value="MUV2"/>
          <other otherDesc="SEDOL" value="5294121"/>
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        <balance>4824.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MEDIBANK PRIVATE LTD</name>
        <lei>BDYVSUPTML83OLINBJ17</lei>
        <title>MEDIBANK PRIVATE LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000MPL3"/>
          <ticker value="MPL"/>
          <other otherDesc="SEDOL" value="BRTNNQ5"/>
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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>BELLUNA CO LTD</name>
        <lei>353800Q8P5LM0569VS75</lei>
        <title>BELLUNA CO LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3835650007"/>
          <ticker value="9997"/>
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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>SEIBU HOLDINGS INC</name>
        <lei>353800JY9TYV9WTCN620</lei>
        <title>SEIBU HOLDINGS INC NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3417200007"/>
          <ticker value="9024"/>
          <other otherDesc="SEDOL" value="BKY6H35"/>
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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>OPEN UP GROUP INC</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3635580008"/>
          <ticker value="2154"/>
          <other otherDesc="SEDOL" value="B1XC021"/>
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        <balance>19800.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TRAVIS PERKINS PLC</name>
        <lei>2138001I27OUBAF22K83</lei>
        <title>TRAVIS PERKINS PLC ORD GBP0.11205105</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BK9RKT01"/>
          <ticker value="TPK"/>
          <other otherDesc="SEDOL" value="BK9RKT0"/>
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        <balance>4328.00000000</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>SANDS CHINA LTD</name>
        <lei>549300EVO6UZDGY05787</lei>
        <title>SANDS CHINA LTD USD0.01</title>
        <cusip>000000000</cusip>
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          <isin value="KYG7800X1079"/>
          <ticker value="1928"/>
          <other otherDesc="SEDOL" value="B5B23W2"/>
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        <balance>578400.00000000</balance>
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        <valUSD>962518.73000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HUBER + SUHNER AG</name>
        <lei>5067007PRZ9OSX7A6787</lei>
        <title>HUBER + SUHNER AG CHF0.25 (REGD)</title>
        <cusip>000000000</cusip>
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          <isin value="CH0030380734"/>
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          <other otherDesc="SEDOL" value="7132832"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ASSA ABLOY AB</name>
        <lei>549300YECS8HKCIMMB67</lei>
        <title>ASSA ABLOY AB SER'B'NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0007100581"/>
          <ticker value="ASSAB"/>
          <other otherDesc="SEDOL" value="BYPC1T4"/>
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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>FUSO CHEMICAL COMPANY LTD</name>
        <lei>N/A</lei>
        <title>FUSO CHEMICAL COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3822600007"/>
          <ticker value="4368"/>
          <other otherDesc="SEDOL" value="6347712"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FERRARI NV</name>
        <lei>549300RIVY5EX8RCON76</lei>
        <title>FERRARI NV COM EUR0.01</title>
        <cusip>000000000</cusip>
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          <isin value="NL0011585146"/>
          <ticker value="RACE"/>
          <other otherDesc="SEDOL" value="BD6G507"/>
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        <assetCat>EC</assetCat>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DREY INST PREF GOV MM-M</name>
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        <title>DREY INST PREF GOV MM-M</title>
        <cusip>000000000</cusip>
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          <ticker value="DSVXX"/>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>GETLINK SE</name>
        <lei>9695007ZEQ7M0OE74G82</lei>
        <title>GETLINK SE EUR0.40</title>
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          <isin value="FR0010533075"/>
          <ticker value="GET"/>
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        <name>SACS BAR HOLDINGS CO LTD</name>
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          <isin value="JP3584700003"/>
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        <name>GESTAMP AUTOMOCION SA</name>
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          <isin value="ES0105223004"/>
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        <name>SHIONOGI &amp; CO. LTD</name>
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      <invstOrSec>
        <name>TOKAI RIKA CO LTD</name>
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        <cusip>000000000</cusip>
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          <isin value="JP3566600007"/>
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        <name>NEXON CO LTD</name>
        <lei>5299005SFO0GAJFLKN43</lei>
        <title>NEXON CO LTD NPV</title>
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          <isin value="JP3758190007"/>
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        <name>JERONIMO MARTINS SGPS SA</name>
        <lei>259400A8SZP10GB5IB19</lei>
        <title>JERONIMO MARTINS SGPS SA EUR1</title>
        <cusip>000000000</cusip>
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        <invCountry>PT</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HORIBA LTD</name>
        <lei>529900OOTWPYSNW0EC84</lei>
        <title>HORIBA LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3853000002"/>
          <ticker value="6856"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ING GROEP NV</name>
        <lei>549300NYKK9MWM7GGW15</lei>
        <title>ING GROEP NV EUR0.01</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BANK OF EAST ASIA LTD (THE)</name>
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          <isin value="HK0023000190"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HANKYU HANSHIN HOLDINGS INC</name>
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          <isin value="JP3774200004"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CEMENTIR HOLDING NV</name>
        <lei>8156008B101B97A43B02</lei>
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          <isin value="NL0013995087"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JPMorgan Chase Bank, National Association</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KEPPEL INFRASTRUCTURE TRUST</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ULVAC INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BIG SHOPPING CENTERS LTD</name>
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        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>NOMURA MICRO SCIENCE COMPANY LTD</name>
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          <isin value="JP3762950008"/>
          <ticker value="6254"/>
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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>ROTORK PLC</name>
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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>ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>FANUC CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>KDDI CORP</name>
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        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>COMFORTDELGRO CORP LTD</name>
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        <name>SEMAPA SOCIEDADE DE INVESTIMENTO E GESTAO SGPS SA</name>
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        <name>SOL SPA</name>
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        <name>STANDARD CHARTERED PLC</name>
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        <name>CONVATEC GROUP PLC</name>
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        <name>CREDIT AGRICOLE SA</name>
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        <name>TELENOR ASA</name>
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        <name>RBC DOMINION SECURITIES INC.</name>
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      </invstOrSec>
      <invstOrSec>
        <name>BRITISH AMERICAN TOBACCO PLC</name>
        <lei>213800FKA5MF17RJKT63</lei>
        <title>BRITISH AMERICAN TOBACCO PLC ORD GBP0.25</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0002875804"/>
          <ticker value="BATS"/>
          <other otherDesc="SEDOL" value="0287580"/>
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        <balance>219745.00000000</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>
      <invstOrSec>
        <name>DAIEI KANKYO CO LTD</name>
        <lei>N/A</lei>
        <title>DAIEI KANKYO CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3480470008"/>
          <ticker value="9336"/>
          <other otherDesc="SEDOL" value="BLGVJD9"/>
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        <balance>21700.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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        <pctVal>0.034965204759</pctVal>
        <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>STOCKLAND TRUST MANAGEMENT LTD</name>
        <lei>549300Y8E5TMSOLM7P64</lei>
        <title>STOCKLAND TRUST MANAGEMENT LTD NPV (STAPLED)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000SGP0"/>
          <ticker value="SGP"/>
          <other otherDesc="SEDOL" value="6850856"/>
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        <balance>232055.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.44341800"/>
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        <pctVal>0.045382624645</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NATIONAL GRID PLC</name>
        <lei>8R95QZMKZLJX5Q2XR704</lei>
        <title>NATIONAL GRID PLC ORD GBP0.12431289</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BDR05C01"/>
          <ticker value="NG/"/>
          <other otherDesc="SEDOL" value="BDR05C0"/>
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        <balance>333591.00000000</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>LVMH MOET HENNESSY LOUIS VUITTON SE</name>
        <lei>IOG4E947OATN0KJYSD45</lei>
        <title>LVMH MOET HENNESSY LOUIS VUITTON SE EUR0.30</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000121014"/>
          <ticker value="MC"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
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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>SINGAPORE TELECOMMUNICATIONS LTD</name>
        <lei>2549003XJKIQO8YDYD89</lei>
        <title>SINGAPORE TELECOMMUNICATIONS LTD NPV(BOARD LOT 100)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1T75931496"/>
          <ticker value="ST"/>
          <other otherDesc="SEDOL" value="B02PY11"/>
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        <balance>1221800.00000000</balance>
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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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      </invstOrSec>
      <invstOrSec>
        <name>LONDONMETRIC PROPERTY PLC</name>
        <lei>213800OCERWWPQDURL87</lei>
        <title>LONDONMETRIC PROPERTY PLC ORD GBP0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B4WFW713"/>
          <ticker value="LMP"/>
          <other otherDesc="SEDOL" value="B4WFW71"/>
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        <balance>397351.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75343800"/>
        <valUSD>993063.70000000</valUSD>
        <pctVal>0.068708068299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VALMET OYJ</name>
        <lei>213800D9O7FUQDH83V62</lei>
        <title>VALMET OYJ NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FI4000074984"/>
          <ticker value="VALMT"/>
          <other otherDesc="SEDOL" value="BH6XZT5"/>
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        <balance>11786.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
        <valUSD>284590.62000000</valUSD>
        <pctVal>0.019690249232</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PAL GROUP HOLDINGS CO LTD</name>
        <lei>N/A</lei>
        <title>PAL GROUP HOLDINGS CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3781650001"/>
          <ticker value="2726"/>
          <other otherDesc="SEDOL" value="6421898"/>
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        <balance>64000.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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        <pctVal>0.040104974072</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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      <invstOrSec>
        <name>LEGRAND SA</name>
        <lei>969500XXRPGD7HCAFA90</lei>
        <title>LEGRAND SA EUR4</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0010307819"/>
          <ticker value="LR"/>
          <other otherDesc="SEDOL" value="B11ZRK9"/>
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        <balance>12486.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
        <valUSD>2108453.68000000</valUSD>
        <pctVal>0.145879644429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AEGON LTD</name>
        <lei>O4QK7KMMK83ITNTHUG69</lei>
        <title>AEGON LTD EUR0.12</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG0112X1056"/>
          <ticker value="AGN"/>
          <other otherDesc="SEDOL" value="BPH0Y27"/>
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        <balance>19874.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
        <valUSD>169005.83000000</valUSD>
        <pctVal>0.011693171455</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CENTRAL AUTOMOTIVE PRODUCTS LTD</name>
        <lei>353800X9460YZVHWB065</lei>
        <title>CENTRAL AUTOMOTIVE PRODUCTS LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3515400004"/>
          <ticker value="8117"/>
          <other otherDesc="SEDOL" value="6183927"/>
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        <balance>21000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>261135.21000000</valUSD>
        <pctVal>0.018067416867</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MIZUHO MEDY CO LTD</name>
        <lei>N/A</lei>
        <title>MIZUHO MEDY CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3885900005"/>
          <ticker value="4595"/>
          <other otherDesc="SEDOL" value="BYYHLR8"/>
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        <balance>28600.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>290179.36000000</valUSD>
        <pctVal>0.020076922845</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TOPY INDUSTRIES LTD</name>
        <lei>N/A</lei>
        <title>TOPY INDUSTRIES LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3630200008"/>
          <ticker value="7231"/>
          <other otherDesc="SEDOL" value="6897121"/>
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        <balance>7800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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        <pctVal>0.008998587578</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SMITH &amp; NEPHEW PLC</name>
        <lei>213800ZTMDN8S67S1H61</lei>
        <title>SMITH &amp; NEPHEW PLC ORD USD0.20</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0009223206"/>
          <ticker value="SN/"/>
          <other otherDesc="SEDOL" value="0922320"/>
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        <balance>43810.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75343800"/>
        <valUSD>634090.73000000</valUSD>
        <pctVal>0.043871454756</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CA IMMOBILIEN ANLAGEN AG</name>
        <lei>5299003ICAPV07J0R180</lei>
        <title>CA IMMOBILIEN ANLAGEN AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AT0000641352"/>
          <ticker value="CAI"/>
          <other otherDesc="SEDOL" value="5681046"/>
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        <balance>9859.00000000</balance>
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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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      <invstOrSec>
        <name>MITIE GROUP PLC</name>
        <lei>213800MTCLTKEHWZMJ03</lei>
        <title>MITIE GROUP PLC ORD GBP0.025</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0004657408"/>
          <ticker value="MTO"/>
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        <balance>161427.00000000</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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      <invstOrSec>
        <name>SECTRA AB</name>
        <lei>549300R9ZBT8YSFFK266</lei>
        <title>SECTRA AB NPV B</title>
        <cusip>000000000</cusip>
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          <ticker value="SECTB"/>
          <other otherDesc="SEDOL" value="BRC3MR6"/>
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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>JPMorgan Chase Bank, National Association</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>CURRENCY CONTRACT - USD</title>
        <cusip>000000000</cusip>
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          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="CCTUSD__00217925"/>
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        <balance>1.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2510.28000000</valUSD>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MAAS GROUP HOLDINGS LTD</name>
        <lei>9845002E61U3EB3DD061</lei>
        <title>MAAS GROUP HOLDINGS LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000118564"/>
          <ticker value="MGH"/>
          <other otherDesc="SEDOL" value="BLD4919"/>
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        <balance>93043.00000000</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AEROPORTS DE PARIS SA</name>
        <lei>969500PJMBSFHYC37989</lei>
        <title>AEROPORTS DE PARIS SA EUR3</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0010340141"/>
          <ticker value="ADP"/>
          <other otherDesc="SEDOL" value="B164FY1"/>
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        <balance>6780.00000000</balance>
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        <valUSD>883679.51000000</valUSD>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>STARTS CORP INC</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PHC HOLDINGS CORP</name>
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          <isin value="JP3801300009"/>
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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>WIHLBORGS FASTIGHETER AB</name>
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        <title>WIHLBORGS FASTIGHETER AB NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0018012635"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UNICREDIT SPA</name>
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        <cusip>000000000</cusip>
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          <isin value="IT0005239360"/>
          <ticker value="UCG"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SAGE GROUP PLC (THE)</name>
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        <cusip>000000000</cusip>
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          <isin value="GB00B8C3BL03"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GLANBIA PLC</name>
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          <isin value="IE0000669501"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>SEKISUI CHEMICAL CO LTD</name>
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        <cusip>000000000</cusip>
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          <isin value="JP3419400001"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DEUTSCHE BANK AKTIENGESELLSCHAFT</name>
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        <title>CURRENCY CONTRACT - USD</title>
        <cusip>000000000</cusip>
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        <curCd>USD</curCd>
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        <assetCat>DFE</assetCat>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>DEUTSCHE BANK AKTIENGESELLSCHAFT</counterpartyName>
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      <invstOrSec>
        <name>YOKOREI CO LTD</name>
        <lei>N/A</lei>
        <title>YOKOREI CO LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3957000007"/>
          <ticker value="2874"/>
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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>ERG SPA</name>
        <lei>8156004604684CA44A90</lei>
        <title>ERG SPA EUR0.10</title>
        <cusip>000000000</cusip>
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          <isin value="IT0001157020"/>
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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>MEIDENSHA CORP</name>
        <lei>529900VFKHJPVURD7985</lei>
        <title>MEIDENSHA CORP NPV</title>
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          <isin value="JP3919800007"/>
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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>SUMITOMO HEAVY INDUSTRIES LTD</name>
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        <title>SUMITOMO HEAVY INDUSTRIES LTD NPV</title>
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          <isin value="JP3405400007"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MITSUI HIGH-TEC INC</name>
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          <isin value="JP3892400007"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TAG IMMOBILIEN AG</name>
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        <title>TAG IMMOBILIEN AG NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE0008303504"/>
          <ticker value="TEG"/>
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        <invCountry>DE</invCountry>
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      <invstOrSec>
        <name>ISRAEL CANADA TR LTD</name>
        <lei>984500FA8AEA2CE5RB18</lei>
        <title>ISRAEL CANADA TR LTD ILS1</title>
        <cusip>000000000</cusip>
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          <isin value="IL0004340191"/>
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        <name>SWISS PRIME SITE AG</name>
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      <invstOrSec>
        <name>TOKYO SEIMITSU CO LTD</name>
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        <title>TOKYO SEIMITSU CO LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3580200008"/>
          <ticker value="7729"/>
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        <name>BEKAERT SA/NV</name>
        <lei>5493008SR6XZECH6BN71</lei>
        <title>BEKAERT SA/NV NPV</title>
        <cusip>000000000</cusip>
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        <name>GWA GROUP LTD</name>
        <lei>N/A</lei>
        <title>GWA GROUP LTD NPV</title>
        <cusip>000000000</cusip>
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        <name>ARCS COMPANY LTD</name>
        <lei>N/A</lei>
        <title>ARCS COMPANY LTD NPV</title>
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          <isin value="JP3968600001"/>
          <ticker value="9948"/>
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        <name>KBC GROUP SA/NV</name>
        <lei>213800X3Q9LSAKRUWY91</lei>
        <title>KBC GROUP SA/NV NPV</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CAWACHI LTD</name>
        <lei>N/A</lei>
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          <isin value="JP3226450009"/>
          <ticker value="2664"/>
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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>ROCHE HOLDING AG</name>
        <lei>549300U41AUUVOAAOB37</lei>
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        <cusip>000000000</cusip>
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          <isin value="CH1499059983"/>
          <ticker value="ROP"/>
          <other otherDesc="SEDOL" value="BTMJD19"/>
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        <balance>37014.00000000</balance>
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        <valUSD>15270884.77000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GEORG FISCHER AG</name>
        <lei>529900CMRQYW4U1W2456</lei>
        <title>GEORG FISCHER AG CHF0.05 (REGD) (POST SPLIT)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH1169151003"/>
          <ticker value="GF"/>
          <other otherDesc="SEDOL" value="BM8J5G3"/>
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        <balance>6205.00000000</balance>
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        <pctVal>0.022299816998</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>IREN SPA</name>
        <lei>8156001EBD33FD474E60</lei>
        <title>IREN SPA EUR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0003027817"/>
          <ticker value="IRE"/>
          <other otherDesc="SEDOL" value="4783211"/>
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        <balance>42120.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
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        <pctVal>0.008256206122</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KYOEI STEEL LTD</name>
        <lei>N/A</lei>
        <title>KYOEI STEEL LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3247400009"/>
          <ticker value="5440"/>
          <other otherDesc="SEDOL" value="B1HHF49"/>
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        <balance>9900.00000000</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>HIDAY HIDAKA CORP</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <isin value="JP3765180009"/>
          <ticker value="7611"/>
          <other otherDesc="SEDOL" value="6173854"/>
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        <balance>14800.00000000</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>MELROSE INDUSTRIES PLC</name>
        <lei>213800RGNXXZY2M7TR85</lei>
        <title>MELROSE INDUSTRIES PLC ORD GBP0.001</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BNGDN821"/>
          <ticker value="MRO"/>
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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>RBC DOMINION SECURITIES INC.</name>
        <lei>549300QJJX6CVVUXLE15</lei>
        <title>CURRENCY CONTRACT - USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="CCTUSD__00223161"/>
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        <curCd>USD</curCd>
        <valUSD>-100.25000000</valUSD>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MEIKO ELECTRONICS COMPANY LTD</name>
        <lei>529900LGRXWX2ACMWR86</lei>
        <title>MEIKO ELECTRONICS COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3915350007"/>
          <ticker value="6787"/>
          <other otherDesc="SEDOL" value="6302454"/>
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        <balance>7600.00000000</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>ZURICH INSURANCE GROUP AG</name>
        <lei>529900QVNRBND50TXP03</lei>
        <title>ZURICH INSURANCE GROUP AG CHF0.10</title>
        <cusip>000000000</cusip>
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          <isin value="CH0011075394"/>
          <ticker value="ZURN"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HONDA MOTOR CO LTD</name>
        <lei>549300P7ZYCQJ36CCS16</lei>
        <title>HONDA MOTOR CO LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3854600008"/>
          <ticker value="7267"/>
          <other otherDesc="SEDOL" value="6435145"/>
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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 ELECTRIC GLASS CO LTD</name>
        <lei>529900NCIGSAX4V03234</lei>
        <title>NIPPON ELECTRIC GLASS CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3733400000"/>
          <ticker value="5214"/>
          <other otherDesc="SEDOL" value="6642666"/>
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        <balance>4500.00000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ENDEAVOUR MINING PLC</name>
        <lei>529900NI5MXQ91GHXR07</lei>
        <title>ENDEAVOUR MINING PLC ORD USD0.01</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BL6K5J42"/>
          <ticker value="EDV"/>
          <other otherDesc="SEDOL" value="BL6K5J4"/>
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        <balance>10137.00000000</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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      <invstOrSec>
        <name>DEAR LIFE COMPANY LTD</name>
        <lei>N/A</lei>
        <title>DEAR LIFE COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3548720006"/>
          <ticker value="3245"/>
          <other otherDesc="SEDOL" value="B1Z9SZ9"/>
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        <balance>15400.00000000</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>SMARTGROUP CORP LTD</name>
        <lei>254900GHFZAMQGOYO431</lei>
        <title>SMARTGROUP CORP LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000SIQ4"/>
          <ticker value="SIQ"/>
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        <balance>30299.00000000</balance>
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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>VALLOUREC SA</name>
        <lei>969500P2Q1B47H4MCJ34</lei>
        <title>VALLOUREC SA EUR0.02</title>
        <cusip>000000000</cusip>
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          <isin value="FR0013506730"/>
          <ticker value="VK"/>
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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>VICAT SA</name>
        <lei>9695009YI1863TOVDP79</lei>
        <title>VICAT SA EUR4</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000031775"/>
          <ticker value="VCT"/>
          <other otherDesc="SEDOL" value="5763201"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SCHRODERS PLC</name>
        <lei>2138001YYBULX5SZ2H24</lei>
        <title>SCHRODERS PLC ORD GBP0.20</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BP9LHF23"/>
          <ticker value="SDR"/>
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        <balance>10785.00000000</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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        <name>PEARSON PLC</name>
        <lei>2138004JBXWWJKIURC57</lei>
        <title>PEARSON PLC ORD GBP0.25</title>
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          <isin value="GB0006776081"/>
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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>RBC DOMINION SECURITIES INC.</name>
        <lei>549300QJJX6CVVUXLE15</lei>
        <title>CURRENCY CONTRACT - USD</title>
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      </invstOrSec>
      <invstOrSec>
        <name>NABTESCO CORP</name>
        <lei>529900DVHQXYRTGW7739</lei>
        <title>NABTESCO CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3651210001"/>
          <ticker value="6268"/>
          <other otherDesc="SEDOL" value="6687571"/>
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        <balance>8900.00000000</balance>
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        <pctVal>0.019478165942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NIPPON SODA CO LTD</name>
        <lei>N/A</lei>
        <title>NIPPON SODA CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3726200003"/>
          <ticker value="4041"/>
          <other otherDesc="SEDOL" value="6640585"/>
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        <balance>7000.00000000</balance>
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        <pctVal>0.010534111635</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MYSTATE LTD</name>
        <lei>N/A</lei>
        <title>MYSTATE LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000MYS0"/>
          <ticker value="MYS"/>
          <other otherDesc="SEDOL" value="B41XHK4"/>
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        <balance>538.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.44341800"/>
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        <pctVal>0.000118110103</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INDUS HOLDING AG</name>
        <lei>529900GE4O7ZOMRWR939</lei>
        <title>INDUS HOLDING AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0006200108"/>
          <ticker value="INH"/>
          <other otherDesc="SEDOL" value="4943510"/>
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        <balance>6879.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
        <valUSD>203304.08000000</valUSD>
        <pctVal>0.014066197983</pctVal>
        <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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FRESNILLO PLC</name>
        <lei>549300JXWH1UV5J0XV81</lei>
        <title>FRESNILLO PLC ORD USD0.50</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B2QPKJ12"/>
          <ticker value="FRES"/>
          <other otherDesc="SEDOL" value="B2QPKJ1"/>
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        <balance>28736.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75343800"/>
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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>MEDIPAL HOLDINGS CORP</name>
        <lei>353800PJDODZEA4NP730</lei>
        <title>MEDIPAL HOLDINGS CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3268950007"/>
          <ticker value="7459"/>
          <other otherDesc="SEDOL" value="6782090"/>
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        <balance>8400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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        <pctVal>0.009376104164</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>YOKOHAMA RUBBER CO LTD (THE)</name>
        <lei>52990036XNWY2FMYWB76</lei>
        <title>YOKOHAMA RUBBER CO LTD (THE) NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3955800002"/>
          <ticker value="5101"/>
          <other otherDesc="SEDOL" value="6986461"/>
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        <balance>9200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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        <pctVal>0.028367219268</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>FOMENTO DE CONSTRUCCIONES Y CONTRATAS SA</name>
        <lei>95980020140005178328</lei>
        <title>FOMENTO DE CONSTRUCCIONES Y CONTRATAS SA EUR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0122060314"/>
          <ticker value="FCC"/>
          <other otherDesc="SEDOL" value="5787115"/>
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        <balance>37472.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
        <valUSD>542376.44000000</valUSD>
        <pctVal>0.037525928581</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BMW - BAYERISCHE MOTOREN WERKE AG</name>
        <lei>YEH5ZCD6E441RHVHD759</lei>
        <title>BMW - BAYERISCHE MOTOREN WERKE AG EUR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0005190003"/>
          <ticker value="BMW"/>
          <other otherDesc="SEDOL" value="5756029"/>
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        <balance>39912.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
        <valUSD>2612853.57000000</valUSD>
        <pctVal>0.180778052348</pctVal>
        <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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HILL &amp; SMITH PLC</name>
        <lei>2138003A3ISGQZBOWI83</lei>
        <title>HILL &amp; SMITH PLC ORD GBP0.25</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0004270301"/>
          <ticker value="HILS"/>
          <other otherDesc="SEDOL" value="0427030"/>
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        <balance>6372.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75343800"/>
        <valUSD>232151.02000000</valUSD>
        <pctVal>0.016062059400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CARLSBERG A/S</name>
        <lei>5299001O0WJQYB5GYZ19</lei>
        <title>CARLSBERG A/S SER'B'DKK20</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DK0010181759"/>
          <ticker value="CARLB"/>
          <other otherDesc="SEDOL" value="4169219"/>
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        <balance>4239.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.53800000"/>
        <valUSD>555517.77000000</valUSD>
        <pctVal>0.038435150617</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <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>33127.00000000</balance>
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        <currencyConditional curCd="SEK" exchangeRt="9.67815000"/>
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        <pctVal>0.028323803120</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JSP CORP</name>
        <lei>N/A</lei>
        <title>JSP CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3386000008"/>
          <ticker value="7942"/>
          <other otherDesc="SEDOL" value="6468356"/>
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        <balance>7500.00000000</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>KEISEI ELECTRIC RAILWAY CO LTD</name>
        <lei>529900VNP95IIHXPCY17</lei>
        <title>KEISEI ELECTRIC RAILWAY CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3278600006"/>
          <ticker value="9009"/>
          <other otherDesc="SEDOL" value="6487425"/>
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        <balance>9800.00000000</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>KION GROUP AG</name>
        <lei>5299005KY91C4C6U9H17</lei>
        <title>KION GROUP AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000KGX8881"/>
          <ticker value="KGX"/>
          <other otherDesc="SEDOL" value="BB22L96"/>
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        <balance>1362.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FIRST RESOURCES LTD</name>
        <lei>5493007RRD817HUP4O49</lei>
        <title>FIRST RESOURCES LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SG1W35938974"/>
          <ticker value="FR"/>
          <other otherDesc="SEDOL" value="B2927P4"/>
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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>ABC-MART INC</name>
        <lei>353800AXWW4CMTSJWL33</lei>
        <title>ABC-MART INC NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3152740001"/>
          <ticker value="2670"/>
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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>FUJI DIE CO LTD</name>
        <lei>N/A</lei>
        <title>FUJI DIE CO LTD NPV</title>
        <cusip>000000000</cusip>
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          <ticker value="6167"/>
          <other otherDesc="SEDOL" value="BYL7K74"/>
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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>COMPANIA DE DISTRIBUCION INTEGRAL LOGISTA HOLDINGS SA</name>
        <lei>9598000ANNAL42UJ7X28</lei>
        <title>COMPANIA DE DISTRIBUCION INTEGRAL LOGISTA HOLDINGS SA EUR0.2</title>
        <cusip>000000000</cusip>
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          <ticker value="LOG"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SUMITOMO SEIKA CHEMICALS CO LTD</name>
        <lei>N/A</lei>
        <title>SUMITOMO SEIKA CHEMICALS CO LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3405600002"/>
          <ticker value="4008"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>PANDORA A/S</name>
        <lei>5299007OWYZ6I1E46843</lei>
        <title>PANDORA A/S DKK1</title>
        <cusip>000000000</cusip>
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          <ticker value="PNDORA"/>
          <other otherDesc="SEDOL" value="B44XTX8"/>
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        <valUSD>545212.51000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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        <name>REN - REDES ENERGETICAS NACIONAIS SGPS SA</name>
        <lei>549300FR1FN48IGHR915</lei>
        <title>REN - REDES ENERGETICAS NACIONAIS SGPS SA EUR1(REGD)</title>
        <cusip>000000000</cusip>
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        <name>TAKACHIHO KOHEKI COMPANY LTD</name>
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        <name>RIZZOLI CORRIERE DELLA SERA MEDIAGROUP SPA</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>OVERSEA-CHINESE BANKING CORP LTD</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BANK LEUMI LE - ISRAEL BM</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ITOKI CORP</name>
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          <isin value="JP3142700008"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SIIX CORP</name>
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          <isin value="JP3346700002"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FIRST PACIFIC COMPANY LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>TPG TELECOM LTD</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>FORTUM OYJ</name>
        <lei>635400IUIZZIUJSAMF76</lei>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>BEIERSDORF AG</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DEUTSCHE BANK AKTIENGESELLSCHAFT</name>
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        <name>AKZO NOBEL NV</name>
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        <name>SMS COMPANY LTD</name>
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        <name>NRW HOLDINGS LTD</name>
        <lei>5493003S2MORCH0HEL95</lei>
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        <name>SERIA COMPANY LTD</name>
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        <name>KERING SA</name>
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        <name>DAIWA HOUSE INDUSTRY CO LTD</name>
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        <name>TIME INTERCONNECT TECHNOLOGY LTD</name>
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        <name>DUNELM GROUP PLC</name>
        <lei>213800WCOWEI3T5DUV19</lei>
        <title>DUNELM GROUP PLC ORD GBP0.01</title>
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        <name>A2A SPA</name>
        <lei>81560076E3944316DB24</lei>
        <title>A2A SPA EUR0.52</title>
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        <name>AURA INVESTMENTS LTD</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SAKATA SEED CORP</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <cusip>000000000</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PALTAC CORP</name>
        <lei>N/A</lei>
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          <isin value="JP3782200004"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TAKEDA PHARMACEUTICAL COMPANY LTD</name>
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        <title>TAKEDA PHARMACEUTICAL COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3463000004"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DEXUS</name>
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          <isin value="AU000000DXS1"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AKER ASA</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NISSO HOLDINGS CO LTD</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <isin value="JP3679880009"/>
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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>CHEMRING GROUP PLC</name>
        <lei>213800U9A54VQJ5P2J41</lei>
        <title>CHEMRING GROUP PLC ORD GBP0.01</title>
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          <isin value="GB00B45C9X44"/>
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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>PENTA-OCEAN CONSTRUCTION CO LTD</name>
        <lei>529900QN42Q9UIW3AS17</lei>
        <title>PENTA-OCEAN CONSTRUCTION CO LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3309000002"/>
          <ticker value="1893"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AVON TECHNOLOGIES PLC</name>
        <lei>213800JM1AN62REBWA71</lei>
        <title>AVON TECHNOLOGIES PLC ORD GBP1</title>
        <cusip>000000000</cusip>
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          <isin value="GB0000667013"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SINKO INDUSTRIES LTD</name>
        <lei>353800RTTZK18JRDHM31</lei>
        <title>SINKO INDUSTRIES LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3372800007"/>
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        <fairValLevel>1</fairValLevel>
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        <name>IYOGIN HOLDINGS INC</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <isin value="JP3149700001"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>BARCO NV</name>
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        <title>BARCO NV NPV</title>
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        <name>MATCHING SERVICE JAPAN CO LTD</name>
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          <isin value="JP3167330004"/>
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        <fairValLevel>1</fairValLevel>
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        <name>WIIT SPA</name>
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        <name>AMUNDI SA</name>
        <lei>96950010FL2T1TJKR531</lei>
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        <cusip>000000000</cusip>
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        <name>RIO TINTO LTD</name>
        <lei>529900X2VMAQT2PE0V24</lei>
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        <cusip>000000000</cusip>
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        <name>SYENSQO SA/NV</name>
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        <name>NEXT VISION STABILIZED SYS LTD</name>
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        <title>NEXT VISION STABILIZED SYS LTD NPV</title>
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        <name>BAHNHOF AB</name>
        <lei>213800K7LQU3H85KCU96</lei>
        <title>BAHNHOF AB SER'B'NPV</title>
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        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>KS HOLDINGS CORP</name>
        <lei>3538003LJ09YLR6NHG27</lei>
        <title>KS HOLDINGS CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3277150003"/>
          <ticker value="8282"/>
          <other otherDesc="SEDOL" value="6484277"/>
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        <balance>12300.00000000</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BUMITAMA AGRI LTD</name>
        <lei>529900BOE6UQFFDNZR10</lei>
        <title>BUMITAMA AGRI LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG2E67980267"/>
          <ticker value="BAL"/>
          <other otherDesc="SEDOL" value="B7WJ188"/>
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        <balance>428100.00000000</balance>
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        <valUSD>542799.49000000</valUSD>
        <pctVal>0.037555198555</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UMS INTEGRATION LTD</name>
        <lei>N/A</lei>
        <title>UMS INTEGRATION LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1J94892465"/>
          <ticker value="UMSH"/>
          <other otherDesc="SEDOL" value="6353366"/>
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        <balance>230600.00000000</balance>
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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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          <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>68948.00000000</balance>
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        <currencyConditional curCd="NOK" exchangeRt="9.89550000"/>
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        <pctVal>0.016944934654</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SUPER RETAIL GROUP LTD</name>
        <lei>9845001C5140A8CK7D81</lei>
        <title>SUPER RETAIL GROUP LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000SUL0"/>
          <ticker value="SUL"/>
          <other otherDesc="SEDOL" value="B01C7R0"/>
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        <balance>21734.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.44341800"/>
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        <pctVal>0.013730729007</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ASAHI DIAMOND INDUSTRIAL CO LTD</name>
        <lei>N/A</lei>
        <title>ASAHI DIAMOND INDUSTRIAL CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3114400009"/>
          <ticker value="6140"/>
          <other otherDesc="SEDOL" value="6054788"/>
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        <balance>18200.00000000</balance>
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        <pctVal>0.009398155756</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>OSAKA GAS CO LTD (OSAKA GAS KABUSHIKI KAISHA)</name>
        <lei>353800024KMNOPQRWZ02</lei>
        <title>OSAKA GAS CO LTD (OSAKA GAS KABUSHIKI KAISHA) NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3180400008"/>
          <ticker value="9532"/>
          <other otherDesc="SEDOL" value="6661768"/>
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        <balance>9000.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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        <pctVal>0.020903900441</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NHK SPRING CO LTD</name>
        <lei>35380033IJ3XRDV8VH57</lei>
        <title>NHK SPRING CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3742600004"/>
          <ticker value="5991"/>
          <other otherDesc="SEDOL" value="6619648"/>
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        <balance>8400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>200793.72000000</valUSD>
        <pctVal>0.013892511253</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BANKINTER SA</name>
        <lei>VWMYAEQSTOPNV0SUGU82</lei>
        <title>BANKINTER SA EUR0.30(REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0113679I37"/>
          <ticker value="BKT"/>
          <other otherDesc="SEDOL" value="5474008"/>
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        <balance>24262.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
        <valUSD>406095.25000000</valUSD>
        <pctVal>0.028096908761</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>YAMADA HOLDINGS CO LTD</name>
        <lei>353800MDZ4K1DQKLO464</lei>
        <title>YAMADA HOLDINGS CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3939000000"/>
          <ticker value="9831"/>
          <other otherDesc="SEDOL" value="6985026"/>
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        <balance>13500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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        <pctVal>0.003779828428</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>FAGRON NV</name>
        <lei>549300TRKRUFK2RRG779</lei>
        <title>FAGRON NV NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0003874915"/>
          <ticker value="FAGR"/>
          <other otherDesc="SEDOL" value="B281L72"/>
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        <balance>16438.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
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        <pctVal>0.031336961653</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TELECOM PLUS PLC</name>
        <lei>549300QGHDX5UKE58G86</lei>
        <title>TELECOM PLUS PLC ORD GBP0.05</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0008794710"/>
          <ticker value="TEP"/>
          <other otherDesc="SEDOL" value="0879471"/>
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        <balance>1050.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75343800"/>
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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>ASM INTERNATIONAL NV</name>
        <lei>7245001I22ND6ZFHX623</lei>
        <title>ASM INTERNATIONAL NV EUR0.04</title>
        <cusip>000000000</cusip>
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          <isin value="NL0000334118"/>
          <ticker value="ASM"/>
          <other otherDesc="SEDOL" value="5165294"/>
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        <balance>1913.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DYNO NOBEL LTD</name>
        <lei>254900UW2F3BKV6Z9V18</lei>
        <title>DYNO NOBEL LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU0000390544"/>
          <ticker value="DNL"/>
          <other otherDesc="SEDOL" value="BVBH523"/>
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        <balance>86145.00000000</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>MEIWA CORP</name>
        <lei>N/A</lei>
        <title>MEIWA CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3920600008"/>
          <ticker value="8103"/>
          <other otherDesc="SEDOL" value="6576389"/>
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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>GRANGES AB</name>
        <lei>5493006UG44TYSIXOB13</lei>
        <title>GRANGES AB NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0006288015"/>
          <ticker value="GRNG"/>
          <other otherDesc="SEDOL" value="BRJ3BP0"/>
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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>NISHIMATSU CONSTRUCTION COMPANY LTD</name>
        <lei>N/A</lei>
        <title>NISHIMATSU CONSTRUCTION COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3659200004"/>
          <ticker value="1820"/>
          <other otherDesc="SEDOL" value="6640983"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SOFTWAREONE HOLDING AG</name>
        <lei>529900GBI88JKWXLGI05</lei>
        <title>SOFTWAREONE HOLDING AG CHF0.01</title>
        <cusip>000000000</cusip>
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          <isin value="CH0496451508"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CYBOZU INC</name>
        <lei>N/A</lei>
        <title>CYBOZU INC NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3312100005"/>
          <ticker value="4776"/>
          <other otherDesc="SEDOL" value="6277927"/>
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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>MORGAN SINDALL GROUP PLC</name>
        <lei>2138008339ULDGZRB345</lei>
        <title>MORGAN SINDALL GROUP PLC ORD GBP0.05</title>
        <cusip>000000000</cusip>
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          <isin value="GB0008085614"/>
          <ticker value="MGNS"/>
          <other otherDesc="SEDOL" value="0808561"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KAJIMA CORP</name>
        <lei>N/A</lei>
        <title>KAJIMA CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3210200006"/>
          <ticker value="1812"/>
          <other otherDesc="SEDOL" value="6481320"/>
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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>TOYOTA BOSHOKU CORP</name>
        <lei>529900KS87U6EY7PWG26</lei>
        <title>TOYOTA BOSHOKU CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3635400009"/>
          <ticker value="3116"/>
          <other otherDesc="SEDOL" value="6900591"/>
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        <valUSD>70637.75000000</valUSD>
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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>AJINOMOTO (JAPAN) COMPANY INC</name>
        <lei>353800UT0TLROREPIC92</lei>
        <title>AJINOMOTO (JAPAN) COMPANY INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3119600009"/>
          <ticker value="2802"/>
          <other otherDesc="SEDOL" value="6010906"/>
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        <balance>53100.00000000</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>
      <invstOrSec>
        <name>NIKON CORP</name>
        <lei>549300X7LIS9RFELXJ98</lei>
        <title>NIKON CORP NPV</title>
        <cusip>654111103</cusip>
        <identifiers>
          <isin value="JP3657400002"/>
          <ticker value="7731"/>
          <other otherDesc="SEDOL" value="6642321"/>
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        <balance>45800.00000000</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>
      <invstOrSec>
        <name>ORORA LTD</name>
        <lei>549300WFEQJK35VDF789</lei>
        <title>ORORA LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000ORA8"/>
          <ticker value="ORA"/>
          <other otherDesc="SEDOL" value="BH4TCW7"/>
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        <balance>36015.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.44341800"/>
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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>CRANEWARE PLC</name>
        <lei>213800O2CTJ1YFXNXG05</lei>
        <title>CRANEWARE PLC ORD GBP0.01</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B2425G68"/>
          <ticker value="CRW"/>
          <other otherDesc="SEDOL" value="B2425G6"/>
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        <balance>8486.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75343800"/>
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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>BRUNELLO CUCINELLI SPA</name>
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        <cusip>000000000</cusip>
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          <isin value="IT0004764699"/>
          <ticker value="BC"/>
          <other otherDesc="SEDOL" value="B7K6D18"/>
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        <balance>10629.00000000</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>VODAFONE GROUP PLC</name>
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        <title>VODAFONE GROUP PLC ORD USD0.2095238</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BH4HKS39"/>
          <ticker value="VOD"/>
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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>AAK AB</name>
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        <cusip>000000000</cusip>
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          <isin value="SE0011337708"/>
          <ticker value="AAK"/>
          <other otherDesc="SEDOL" value="BF2FPV3"/>
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        <balance>10458.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SIA ENGINEERING COMPANY LTD</name>
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        <title>SIA ENGINEERING COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SG1I53882771"/>
          <ticker value="SIE"/>
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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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      <invstOrSec>
        <name>RYANAIR HOLDINGS PLC</name>
        <lei>635400BR2ROC1FVEBQ56</lei>
        <title>RYANAIR HOLDINGS PLC ORD EUR0.006</title>
        <cusip>000000000</cusip>
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          <isin value="IE00BYTBXV33"/>
          <ticker value="RYA"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ICHIGO INC</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <isin value="JP3120010008"/>
          <ticker value="2337"/>
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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>KUEHNE &amp; NAGEL INTERNATIONAL AG</name>
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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>CITY DEVELOPMENTS LTD</name>
        <lei>254900BPLPJS0RJ72373</lei>
        <title>CITY DEVELOPMENTS LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SG1R89002252"/>
          <ticker value="CIT"/>
          <other otherDesc="SEDOL" value="6197928"/>
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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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        <name>CLEANUP CORP</name>
        <lei>N/A</lei>
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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>SWIRE PROPERTIES LTD</name>
        <lei>5299001L12PHYVQ92465</lei>
        <title>SWIRE PROPERTIES LTD HKD1</title>
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          <ticker value="1972"/>
          <other otherDesc="SEDOL" value="B67C2G0"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TECHNO RYOWA LTD</name>
        <lei>353800Q6QFKID7X02834</lei>
        <title>TECHNO RYOWA LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3545040002"/>
          <ticker value="1965"/>
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        <invCountry>JP</invCountry>
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        <name>TOKUSHU TOKAI PAPER COMPANY LTD</name>
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        <title>TOKUSHU TOKAI PAPER COMPANY LTD NPV</title>
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      <invstOrSec>
        <name>COMPAGNIE DES ALPES SA</name>
        <lei>96950029IN3GW457GG90</lei>
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        <invCountry>FR</invCountry>
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      <invstOrSec>
        <name>BOC HONG KONG (HOLDINGS) LTD</name>
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        <assetCat>EC</assetCat>
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        <invCountry>HK</invCountry>

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        <name>VEND MARKETPLACES ASA</name>
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      <invstOrSec>
        <name>HSBC BANK PLC</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
        <title>CURRENCY CONTRACT - EUR</title>
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        <securityLending>
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      <invstOrSec>
        <name>MARKS AND SPENCER GROUP PLC</name>
        <lei>213800EJP14A79ZG1X44</lei>
        <title>MARKS AND SPENCER GROUP PLC ORD GBP0.01</title>
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        <name>SONAE SGPS SA</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NANKAI CO LTD</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TOYO SUISAN KAISHA LTD</name>
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          <isin value="JP3613000003"/>
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        <fairValLevel>1</fairValLevel>
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        <name>SUBSEA 7 SA</name>
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          <isin value="LU0075646355"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>LU</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>EDENRED SA</name>
        <lei>9695006LOD5B2D7Y0N70</lei>
        <title>EDENRED SA EUR2</title>
        <cusip>000000000</cusip>
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          <isin value="FR0010908533"/>
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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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        <name>CITIZEN WATCH CO LTD</name>
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        <title>CITIZEN WATCH CO LTD NPV</title>
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          <isin value="JP3352400000"/>
          <ticker value="7762"/>
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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>FIRSTGROUP PLC</name>
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        <title>FIRSTGROUP PLC ORD GBP0.05</title>
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          <isin value="GB0003452173"/>
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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>ZOZO INC</name>
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          <isin value="JP3399310006"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>RBC DOMINION SECURITIES INC.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RBC DOMINION SECURITIES INC.</name>
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      <invstOrSec>
        <name>PHOENIX FINANCIAL LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>VOSSLOH AG</name>
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        <name>CENTRICA PLC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ARTNER COMPANY LTD</name>
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        <name>INROM CONSTRUCTION INDUSTRIES LTD</name>
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        <name>AVIVA PLC</name>
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        <name>UBE CORP</name>
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        <name>TOYO TANSO COMPANY LTD</name>
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        <name>AURUBIS AG</name>
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        <name>TRANSCOSMOS INC</name>
        <lei>353800AAR1GYRFDRTV97</lei>
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        <name>AOYAMA TRADING CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ZENRIN COMPANY LTD</name>
        <lei>353800AOWZ4V1DJ17N16</lei>
        <title>ZENRIN COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3430400006"/>
          <ticker value="9474"/>
          <other otherDesc="SEDOL" value="6991120"/>
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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>WERELDHAVE NV</name>
        <lei>724500YRQCY3BD9RJZ92</lei>
        <title>WERELDHAVE NV EUR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0000289213"/>
          <ticker value="WHA"/>
          <other otherDesc="SEDOL" value="4948623"/>
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        <balance>13602.00000000</balance>
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        <pctVal>0.021411481429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>KAWASAKI HEAVY INDUSTRIES LTD</name>
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        <title>KAWASAKI HEAVY INDUSTRIES LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3224200000"/>
          <ticker value="7012"/>
          <other otherDesc="SEDOL" value="6484620"/>
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        <pctVal>0.073403537332</pctVal>
        <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>TISI INC</name>
        <lei>35380064HYEZXBQHDF07</lei>
        <title>TIS INC NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3104890003"/>
          <ticker value="3626"/>
          <other otherDesc="SEDOL" value="B2Q4CR0"/>
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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>
      <invstOrSec>
        <name>ORGANO CORP</name>
        <lei>N/A</lei>
        <title>ORGANO CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3201600008"/>
          <ticker value="6368"/>
          <other otherDesc="SEDOL" value="6470522"/>
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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>F-SECURE OYJ</name>
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        <cusip>000000000</cusip>
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          <isin value="FI4000519236"/>
          <ticker value="FSECURE"/>
          <other otherDesc="SEDOL" value="BMH2HP6"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MODEC INC</name>
        <lei>N/A</lei>
        <title>MODEC INC NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3888250002"/>
          <ticker value="6269"/>
          <other otherDesc="SEDOL" value="6622806"/>
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        <balance>1100.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SUMITOMO RUBBER INDUSTRIES LTD</name>
        <lei>353800JD4V72SJ3EOX37</lei>
        <title>SUMITOMO RUBBER INDUSTRIES LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3404200002"/>
          <ticker value="5110"/>
          <other otherDesc="SEDOL" value="6858991"/>
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        <balance>19400.00000000</balance>
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        <pctVal>0.017202891648</pctVal>
        <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>HALMA PLC</name>
        <lei>2138007FRGLUR9KGBT40</lei>
        <title>HALMA PLC ORD GBP0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0004052071"/>
          <ticker value="HLMA"/>
          <other otherDesc="SEDOL" value="0405207"/>
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        <balance>24616.00000000</balance>
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        <pctVal>0.088927267917</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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      <invstOrSec>
        <name>MITSUI-SOKO HOLDING CO LTD</name>
        <lei>N/A</lei>
        <title>MITSUI-SOKO HOLDING CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3891200002"/>
          <ticker value="9302"/>
          <other otherDesc="SEDOL" value="6597647"/>
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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>PAN PACIFIC INTERNATIONAL HOLDINGS CORP</name>
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        <title>PAN PACIFIC INTERNATIONAL HOLDINGS CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3639650005"/>
          <ticker value="7532"/>
          <other otherDesc="SEDOL" value="6269861"/>
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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>UNITED OVERSEAS BANK LTD</name>
        <lei>IO66REGK3RCBAMA8HR66</lei>
        <title>UNITED OVERSEAS BANK LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SG1M31001969"/>
          <ticker value="UOB"/>
          <other otherDesc="SEDOL" value="6916781"/>
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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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      <invstOrSec>
        <name>C. UYEMURA &amp; COMPANY LTD</name>
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        <cusip>000000000</cusip>
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          <isin value="JP3155350006"/>
          <ticker value="4966"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>STRAUSS GROUP LTD</name>
        <lei>254900GBA9EK5FGVQA80</lei>
        <title>STRAUSS GROUP LTD ORD ILS1</title>
        <cusip>000000000</cusip>
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          <isin value="IL0007460160"/>
          <ticker value="STRS"/>
          <other otherDesc="SEDOL" value="6304115"/>
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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>SAF-HOLLAND SE</name>
        <lei>222100QJQLUJHWREL058</lei>
        <title>SAF-HOLLAND SE EUR1 (BR)</title>
        <cusip>000000000</cusip>
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          <isin value="DE000SAFH001"/>
          <ticker value="SFQ"/>
          <other otherDesc="SEDOL" value="BL5BYR9"/>
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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>SKANDINAVISKA ENSKILDA BANKEN AB</name>
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        <title>SKANDINAVISKA ENSKILDA BANKEN AB SER'A'NPV</title>
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          <ticker value="SEBA"/>
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        <name>ATEA ASA</name>
        <lei>5967007LIEEXZXINVS13</lei>
        <title>ATEA ASA NOK1</title>
        <cusip>000000000</cusip>
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          <isin value="NO0004822503"/>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>OXFORD INSTRUMENTS PLC</name>
        <lei>213800J364EZD6UCE231</lei>
        <title>OXFORD INSTRUMENTS PLC ORD GBP0.05</title>
        <cusip>000000000</cusip>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>STROEER SE &amp; CO. KGAA</name>
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        <title>STROEER SE &amp; CO. KGAA NPV</title>
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        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SHIMIZU CORP</name>
        <lei>353800BRAE0QFP3ZLY22</lei>
        <title>SHIMIZU CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3358800005"/>
          <ticker value="1803"/>
          <other otherDesc="SEDOL" value="6804400"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JAPAN AIRPORT TERMINAL CO LTD</name>
        <lei>353800W9WEQSGUY2EO26</lei>
        <title>JAPAN AIRPORT TERMINAL CO LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3699400002"/>
          <ticker value="9706"/>
          <other otherDesc="SEDOL" value="6472175"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>ADDNODE GROUP AB</name>
        <lei>213800CQXEA3W1YWXZ31</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KANEMATSU CORP</name>
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          <isin value="JP3217100001"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NOVARTIS AG</name>
        <lei>5493007HIVTX6SY6XD66</lei>
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          <isin value="CH0012005267"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DALRYMPLE BAY INFRASTRUCTURE LTD</name>
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          <isin value="AU0000120628"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GLOBERIDE INC</name>
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          <isin value="JP3503800009"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ADIDAS AG</name>
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          <isin value="DE000A1EWWW0"/>
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        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ANTIN INFRASTRUCTURE PARTNERS SA</name>
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          <isin value="FR0014005AL0"/>
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        <fairValLevel>1</fairValLevel>
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        <name>PUUILO OYJ</name>
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          <isin value="FI4000507124"/>
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        <invCountry>FI</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>TRYG A/S</name>
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          <isin value="DK0060636678"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>STRAUMANN HOLDING AG</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NP3 FASTIGHETER AB</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NS TOOL CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NOMURA REAL ESTATE HOLDINGS INC</name>
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        <name>ARIAKE JAPAN CO LTD</name>
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        <name>FIRST INTERNATIONAL BANK OF ISRAEL LTD (THE)</name>
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        <name>ACERINOX SA</name>
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        <name>ASAHI COMPANY LTD</name>
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        <name>DMG MORI CO LTD</name>
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        <name>ZENSHO HOLDINGS COMPANY LTD</name>
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        <name>SUNRISE COMMUNICATIONS AG</name>
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        <name>SOCIETE GENERALE SA</name>
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          <isin value="JP3820000002"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>IBIDEN CO LTD</name>
        <lei>52990051DBFIQEY37C91</lei>
        <title>IBIDEN CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3148800000"/>
          <ticker value="4062"/>
          <other otherDesc="SEDOL" value="6456102"/>
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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>
      <invstOrSec>
        <name>BEZEQ THE ISRAEL TELECOMMUNICATION CORP LTD</name>
        <lei>213800XCGZCFSWY9U863</lei>
        <title>BEZEQ THE ISRAEL TELECOMMUNICATION CORP LTD ILS1</title>
        <cusip>000000000</cusip>
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          <isin value="IL0002300114"/>
          <ticker value="BEZQ"/>
          <other otherDesc="SEDOL" value="6098032"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>LEOPALACE21 CORP</name>
        <lei>529900Z3BHJUW1DY6254</lei>
        <title>LEOPALACE21 CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3167500002"/>
          <ticker value="8848"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TDK CORP</name>
        <lei>3538005O8WNU39U8NX03</lei>
        <title>TDK CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3538800008"/>
          <ticker value="6762"/>
          <other otherDesc="SEDOL" value="6869302"/>
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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>JAPAN AIRLINES CO LTD</name>
        <lei>3538002MH5L1QZZ93477</lei>
        <title>JAPAN AIRLINES CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3705200008"/>
          <ticker value="9201"/>
          <other otherDesc="SEDOL" value="B8BRV46"/>
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        <balance>16100.00000000</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>VEOLIA ENVIRONNEMENT SA</name>
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        <title>VEOLIA ENVIRONNEMENT SA EUR5</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000124141"/>
          <ticker value="VIE"/>
          <other otherDesc="SEDOL" value="4031879"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MADER GROUP LTD</name>
        <lei>N/A</lei>
        <title>MADER GROUP LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000056269"/>
          <ticker value="MAD"/>
          <other otherDesc="SEDOL" value="BHNG8Z4"/>
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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>WENDEL SE</name>
        <lei>969500M98ZMIZYJD5O34</lei>
        <title>WENDEL SE EUR4</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000121204"/>
          <ticker value="MF"/>
          <other otherDesc="SEDOL" value="7390113"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BASE CO LTD</name>
        <lei>N/A</lei>
        <title>BASE CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3835210000"/>
          <ticker value="4481"/>
          <other otherDesc="SEDOL" value="BKYBH29"/>
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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>LUK FOOK HOLDINGS (INTERNATIONAL) LTD</name>
        <lei>529900U7PECBLERIIX44</lei>
        <title>LUK FOOK HOLDINGS (INTERNATIONAL) LTD HKD0.10</title>
        <cusip>000000000</cusip>
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          <isin value="BMG5695X1258"/>
          <ticker value="590"/>
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        <currencyConditional curCd="HKD" exchangeRt="7.84205000"/>
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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>NIFCO INC</name>
        <lei>353800JMDOH68J9I5140</lei>
        <title>NIFCO INC NPV</title>
        <cusip>654101104</cusip>
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          <isin value="JP3756200006"/>
          <ticker value="7988"/>
          <other otherDesc="SEDOL" value="6639163"/>
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        <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>HAZAMA ANDO CORP</name>
        <lei>353800YSSP5B2GMQ6E51</lei>
        <title>HAZAMA ANDO CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3767810009"/>
          <ticker value="1719"/>
          <other otherDesc="SEDOL" value="6687991"/>
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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>ADDLIFE AB</name>
        <lei>5493005T3M7CD7XWE013</lei>
        <title>ADDLIFE AB SER'B'NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0014401378"/>
          <ticker value="ALIFB"/>
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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>MONTEA NV</name>
        <lei>5493006K5LQDD0GK1T60</lei>
        <title>MONTEA NV NPV</title>
        <cusip>000000000</cusip>
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          <isin value="BE0003853703"/>
          <ticker value="MONT"/>
          <other otherDesc="SEDOL" value="B1FWD64"/>
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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>ALLIANZ SE</name>
        <lei>529900K9B0N5BT694847</lei>
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        <cusip>000000000</cusip>
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          <isin value="DE0008404005"/>
          <ticker value="ALV"/>
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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>LION FINANCE GROUP PLC</name>
        <lei>213800XKDG12NQG8VC53</lei>
        <title>LION FINANCE GROUP PLC ORD GBP0.01</title>
        <cusip>000000000</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>RIGAKU HOLDINGS CORP</name>
        <lei>529900Y0KH94TFOLAZ47</lei>
        <title>RIGAKU HOLDINGS CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3969750003"/>
          <ticker value="268A"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JAPAN MATERIAL COMPANY LTD</name>
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        <title>JAPAN MATERIAL COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
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        <name>AS ONE CORP</name>
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          <isin value="JP3131300000"/>
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        <fairValLevel>1</fairValLevel>
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        <name>ASMPT LTD</name>
        <lei>529900PYFA1HFYKPT360</lei>
        <title>ASMPT LTD HKD0.10</title>
        <cusip>000000000</cusip>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ALMIRALL SA</name>
        <lei>95980020140005007996</lei>
        <title>ALMIRALL SA EUR0.12</title>
        <cusip>000000000</cusip>
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          <ticker value="ALM"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ASSOCIATED BRITISH FOODS PLC</name>
        <lei>GBQKSY6W7G0OHCQ8OQ72</lei>
        <title>ASSOCIATED BRITISH FOODS PLC ORD 5 15/22P</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0006731235"/>
          <ticker value="ABF"/>
          <other otherDesc="SEDOL" value="0673123"/>
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        <balance>18067.00000000</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KAMIGUMI CO LTD</name>
        <lei>3538004KUWA3850MUC05</lei>
        <title>KAMIGUMI CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3219000001"/>
          <ticker value="9364"/>
          <other otherDesc="SEDOL" value="6482668"/>
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        <balance>6500.00000000</balance>
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        <pctVal>0.014081738294</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PRIMA MEAT PACKERS LTD</name>
        <lei>353800FLEUUL20RKCU14</lei>
        <title>PRIMA MEAT PACKERS LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3833200003"/>
          <ticker value="2281"/>
          <other otherDesc="SEDOL" value="6703400"/>
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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>SCHNEIDER ELECTRIC SE</name>
        <lei>969500A1YF1XUYYXS284</lei>
        <title>SCHNEIDER ELECTRIC SE EUR4.00</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000121972"/>
          <ticker value="SU"/>
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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>JPMorgan Chase Bank, National Association</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
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        <cusip>000000000</cusip>
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          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="CCTUSD__00217932"/>
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        <balance>1.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6687.57000000</valUSD>
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        <assetCat>DFE</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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      <invstOrSec>
        <name>ITV PLC</name>
        <lei>ZLECI7ED2QMWFGYCXZ59</lei>
        <title>ITV PLC ORD GBP0.10</title>
        <cusip>000000000</cusip>
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          <isin value="GB0033986497"/>
          <ticker value="ITV"/>
          <other otherDesc="SEDOL" value="3398649"/>
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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>SUMITOMO CORP</name>
        <lei>V82KK8NH1P0JS71FJC05</lei>
        <title>SUMITOMO CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3404600003"/>
          <ticker value="8053"/>
          <other otherDesc="SEDOL" value="6858946"/>
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        <balance>308000.00000000</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>
      <invstOrSec>
        <name>CENTURIA CAPITAL LTD</name>
        <lei>N/A</lei>
        <title>CENTURIA CAPITAL LTD NPV STAPLED</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000CNI5"/>
          <ticker value="CNI"/>
          <other otherDesc="SEDOL" value="6518745"/>
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        <balance>137114.00000000</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>ANRITSU CORP</name>
        <lei>N/A</lei>
        <title>ANRITSU CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3128800004"/>
          <ticker value="6754"/>
          <other otherDesc="SEDOL" value="6044109"/>
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        <balance>36900.00000000</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>ISRAEL DISCOUNT BANK LTD</name>
        <lei>549300XWZ7BG5G23OF51</lei>
        <title>ISRAEL DISCOUNT BANK LTD ILS0.10</title>
        <cusip>465074201</cusip>
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          <isin value="IL0006912120"/>
          <ticker value="DSCT"/>
          <other otherDesc="SEDOL" value="6451271"/>
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        <currencyConditional curCd="ILS" exchangeRt="2.97945000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DEUTSCHE TELEKOM AG</name>
        <lei>549300V9QSIG4WX4GJ96</lei>
        <title>DEUTSCHE TELEKOM AG NPV(REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0005557508"/>
          <ticker value="DTE"/>
          <other otherDesc="SEDOL" value="5842359"/>
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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>NOHMI BOSAI LTD</name>
        <lei>353800GLN5G6LQ5TQ132</lei>
        <title>NOHMI BOSAI LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3759800000"/>
          <ticker value="6744"/>
          <other otherDesc="SEDOL" value="6643681"/>
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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>INNOTECH (JP) CORP</name>
        <lei>N/A</lei>
        <title>INNOTECH (JP) CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3147800001"/>
          <ticker value="9880"/>
          <other otherDesc="SEDOL" value="6462530"/>
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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>CVC CAPITAL PARTNERS PLC</name>
        <lei>213800E8UQS1KA32YD39</lei>
        <title>CVC CAPITAL PARTNERS PLC ORD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JE00BRX98089"/>
          <ticker value="CVC"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>AIXTRON SE</name>
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        <title>AIXTRON SE ORD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE000A0WMPJ6"/>
          <ticker value="AIXA"/>
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      <invstOrSec>
        <name>RIO TINTO PLC</name>
        <lei>213800YOEO5OQ72G2R82</lei>
        <title>RIO TINTO PLC ORD GBP0.10</title>
        <cusip>000000000</cusip>
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          <isin value="GB0007188757"/>
          <ticker value="RIO"/>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KOBE STEEL LTD</name>
        <lei>549300ZDCYYUPHEE5K87</lei>
        <title>KOBE STEEL LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3289800009"/>
          <ticker value="5406"/>
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        <fairValLevel>1</fairValLevel>
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        <name>OPMOBILITY SE</name>
        <lei>9695001VLC2KYXX0DW73</lei>
        <title>OPMOBILITY SE EUR0.06</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000124570"/>
          <ticker value="OPM"/>
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        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>ELECNOR SA</name>
        <lei>95980020140005491250</lei>
        <title>ELECNOR SA EUR0.1</title>
        <cusip>000000000</cusip>
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          <isin value="ES0129743318"/>
          <ticker value="ENO"/>
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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>QBE INSURANCE GROUP LTD</name>
        <lei>549300D2FBW76FPUSG65</lei>
        <title>QBE INSURANCE GROUP LTD NPV</title>
        <cusip>000000000</cusip>
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          <ticker value="QBE"/>
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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>BHP GROUP LTD</name>
        <lei>WZE1WSENV6JSZFK0JC28</lei>
        <title>BHP GROUP LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000BHP4"/>
          <ticker value="BHP"/>
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        <name>SHIN-ETSU CHEMICAL COMPANY LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>DEUTSCHE LUFTHANSA AG</name>
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        <name>RBC DOMINION SECURITIES INC.</name>
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        <name>SKYLARK HOLDINGS COMPANY LTD</name>
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        <name>VAT GROUP AG</name>
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        <name>SWISSCOM AG</name>
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        <name>HSBC BANK PLC</name>
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      <invstOrSec>
        <name>YUSHIN COMPANY</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SYNSAM AB</name>
        <lei>5493000TMEGW9DHNOQ70</lei>
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        <cusip>000000000</cusip>
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          <isin value="SE0016829709"/>
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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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      <invstOrSec>
        <name>SALMAR ASA</name>
        <lei>5967007LIEEXZXGDBK67</lei>
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        <cusip>000000000</cusip>
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          <isin value="NO0010310956"/>
          <ticker value="SALM"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>NO</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TACHI-S CO LTD</name>
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          <isin value="JP3465400004"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BANDAI NAMCO HOLDINGS INC</name>
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          <isin value="JP3778630008"/>
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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>MITSUBISHI ELECTRIC CORP</name>
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        <cusip>000000000</cusip>
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          <isin value="JP3902400005"/>
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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>SFS GROUP AG</name>
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        <cusip>000000000</cusip>
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          <isin value="CH0239229302"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>WISETECH GLOBAL LTD</name>
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        <cusip>000000000</cusip>
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          <isin value="AU000000WTC3"/>
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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>MTG CO LTD</name>
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        <cusip>000000000</cusip>
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          <isin value="JP3167430002"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JPMorgan Chase Bank, National Association</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>CURRENCY CONTRACT - USD</title>
        <cusip>000000000</cusip>
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          <ticker value="N/A"/>
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        <fairValLevel>2</fairValLevel>
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        <name>FRESENIUS SE &amp; CO. KGAA</name>
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        <cusip>000000000</cusip>
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        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>COMMONWEALTH BANK OF AUSTRALIA</name>
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        <title>COMMONWEALTH BANK OF AUSTRALIA ORD NPV</title>
        <cusip>000000000</cusip>
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        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>ALZCHEM GROUP AG</name>
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        <fairValLevel>1</fairValLevel>
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        <name>JPMorgan Chase Bank, National Association</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>CURRENCY CONTRACT - USD</title>
        <cusip>000000000</cusip>
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        <name>TENARIS SA</name>
        <lei>549300Y7C05BKC4HZB40</lei>
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        <name>GPT MANAGEMENT HOLDINGS LTD</name>
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        <name>EFG INTERNATIONAL AG</name>
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        <invCountry>CH</invCountry>
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        <name>TECHNOGYM SPA</name>
        <lei>815600B9149F66E77F76</lei>
        <title>TECHNOGYM SPA NPV</title>
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        <invCountry>IT</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>HSBC BANK PLC</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
        <title>CURRENCY CONTRACT - USD</title>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>HSBC BANK PLC</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>MEBUKI FINANCIAL GROUP INC</name>
        <lei>353800K1RXV3E3JAE812</lei>
        <title>MEBUKI FINANCIAL GROUP INC NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3117700009"/>
          <ticker value="7167"/>
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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>TELSTRA GROUP LTD</name>
        <lei>894500WRW54CVN62K416</lei>
        <title>TELSTRA GROUP LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000TLS2"/>
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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>AMANO CORP</name>
        <lei>N/A</lei>
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          <isin value="JP3124400007"/>
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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>COMPUTACENTER PLC</name>
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        <title>COMPUTACENTER PLC ORD GBP0.075555</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BV9FP302"/>
          <ticker value="CCC"/>
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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>SNAM SPA</name>
        <lei>8156002278562044AF79</lei>
        <title>SNAM SPA NPV</title>
        <cusip>000000000</cusip>
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          <isin value="IT0003153415"/>
          <ticker value="SRG"/>
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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>SENSHU IKEDA HOLDINGS INC</name>
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        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3132600002"/>
          <ticker value="8714"/>
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        <balance>57700.00000000</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>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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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KI STAR REAL ESTATE CO LTD</name>
        <lei>N/A</lei>
        <title>KI STAR REAL ESTATE CO LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3277620005"/>
          <ticker value="3465"/>
          <other otherDesc="SEDOL" value="BYZ0S75"/>
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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>DEUTSCHE BANK AKTIENGESELLSCHAFT</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>CURRENCY CONTRACT - USD</title>
        <cusip>000000000</cusip>
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          <ticker value="N/A"/>
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        <curCd>USD</curCd>
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        <assetCat>DFE</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</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>
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          <isin value="JP3486000007"/>
          <ticker value="1980"/>
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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>DAIMLER TRUCK HOLDING AG</name>
        <lei>529900PW78JIYOUBSR24</lei>
        <title>DAIMLER TRUCK HOLDING AG NPV</title>
        <cusip>000000000</cusip>
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          <ticker value="DTG"/>
          <other otherDesc="SEDOL" value="BP6VLQ4"/>
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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>ZEON CORP</name>
        <lei>529900UEFURDYZ4F4U10</lei>
        <title>ZEON CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3725400000"/>
          <ticker value="4205"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SAGAX AB</name>
        <lei>549300LJX28T6OM8DT95</lei>
        <title>SAGAX AB SER'B'NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0005127818"/>
          <ticker value="SAGAB"/>
          <other otherDesc="SEDOL" value="B9M3PK4"/>
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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>DELFI LTD</name>
        <lei>N/A</lei>
        <title>DELFI LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SG1Q25921608"/>
          <ticker value="DELFI"/>
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        <name>VINCI SA</name>
        <lei>213800WFQ334R8UXUG83</lei>
        <title>VINCI SA EUR2.50</title>
        <cusip>000000000</cusip>
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          <ticker value="DG"/>
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        <name>AZTECH GLOBAL LTD</name>
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        <title>AZTECH GLOBAL LTD NPV ORD</title>
        <cusip>000000000</cusip>
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        <name>MITSUI KINZOKU CO LTD</name>
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        <title>MITSUI KINZOKU CO LTD NPV</title>
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        <name>SONY GROUP CORP</name>
        <lei>529900R5WX9N2OI2N910</lei>
        <title>SONY GROUP CORP NPV</title>
        <cusip>000000000</cusip>
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          <ticker value="6758"/>
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      <invstOrSec>
        <name>OTSUKA CORP</name>
        <lei>529900RG9DJ58J3UIE72</lei>
        <title>OTSUKA CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3188200004"/>
          <ticker value="4768"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NIKKON HOLDINGS CO LTD</name>
        <lei>3538005QJ1M73DPIMH49</lei>
        <title>NIKKON HOLDINGS CO LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3709600005"/>
          <ticker value="9072"/>
          <other otherDesc="SEDOL" value="6642202"/>
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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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FLUIDRA SA</name>
        <lei>95980020140005026620</lei>
        <title>FLUIDRA SA EUR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0137650018"/>
          <ticker value="FDR"/>
          <other otherDesc="SEDOL" value="B28V440"/>
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        <balance>21399.00000000</balance>
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        <pctVal>0.033515796210</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KYORIN PHARMACEUTICAL INC</name>
        <lei>N/A</lei>
        <title>KYORIN PHARMACEUTICAL INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3247090008"/>
          <ticker value="4569"/>
          <other otherDesc="SEDOL" value="B0YZFP0"/>
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        <balance>6300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>44810.34000000</valUSD>
        <pctVal>0.003100336767</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TOKYO ELECTRON DEVICE LTD</name>
        <lei>N/A</lei>
        <title>TOKYO ELECTRON DEVICE LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3571600000"/>
          <ticker value="2760"/>
          <other otherDesc="SEDOL" value="6588403"/>
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        <balance>13900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>331838.18000000</valUSD>
        <pctVal>0.022959212320</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHO-BOND HOLDINGS COMPANY LTD</name>
        <lei>N/A</lei>
        <title>SHO-BOND HOLDINGS COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3360250009"/>
          <ticker value="1414"/>
          <other otherDesc="SEDOL" value="B29T1W0"/>
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        <balance>41100.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>315852.33000000</valUSD>
        <pctVal>0.021853183700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RESONAC HOLDINGS CORP</name>
        <lei>5493006AIPA1V92YPP18</lei>
        <title>RESONAC HOLDINGS CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3368000000"/>
          <ticker value="4004"/>
          <other otherDesc="SEDOL" value="6805469"/>
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        <balance>6900.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>751453.62000000</valUSD>
        <pctVal>0.051991555674</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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      </invstOrSec>
      <invstOrSec>
        <name>TAKARA HOLDINGS INC</name>
        <lei>3538001CXSU150WNEY98</lei>
        <title>TAKARA HOLDINGS INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3459600007"/>
          <ticker value="2531"/>
          <other otherDesc="SEDOL" value="6870382"/>
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        <balance>15900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>219190.59000000</valUSD>
        <pctVal>0.015165353469</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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      </invstOrSec>
      <invstOrSec>
        <name>KONINKLIJKE AHOLD DELHAIZE NV</name>
        <lei>724500C9GNBV20UYRX36</lei>
        <title>KONINKLIJKE AHOLD DELHAIZE NV EUR0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0011794037"/>
          <ticker value="AD"/>
          <other otherDesc="SEDOL" value="BD0Q398"/>
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        <balance>35438.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
        <valUSD>1426982.98000000</valUSD>
        <pctVal>0.098730065404</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ANDRITZ AG</name>
        <lei>549300VZKC61IR5U8G96</lei>
        <title>ANDRITZ AG NPV (BR)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AT0000730007"/>
          <ticker value="ANDR"/>
          <other otherDesc="SEDOL" value="B1WVF68"/>
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        <balance>5628.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
        <valUSD>486447.66000000</valUSD>
        <pctVal>0.033656329445</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HARMONIC DRIVE SYSTEMS INC</name>
        <lei>353800XFIX2EUARGOE85</lei>
        <title>HARMONIC DRIVE SYSTEMS INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3765150002"/>
          <ticker value="6324"/>
          <other otherDesc="SEDOL" value="6108179"/>
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        <balance>20100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>963414.86000000</valUSD>
        <pctVal>0.066656725043</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FEVERTREE DRINKS PLC</name>
        <lei>2138007AJRLHRVQZLD07</lei>
        <title>FEVERTREE DRINKS PLC ORD GBP0.0025</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BRJ9BJ26"/>
          <ticker value="FEVR"/>
          <other otherDesc="SEDOL" value="BRJ9BJ2"/>
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        <balance>37097.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75343800"/>
        <valUSD>400050.34000000</valUSD>
        <pctVal>0.027678673668</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>KOKUYO CO LTD</name>
        <lei>3538001EN1YX65H42410</lei>
        <title>KOKUYO CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3297000006"/>
          <ticker value="7984"/>
          <other otherDesc="SEDOL" value="6496506"/>
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        <balance>27600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>135261.65000000</valUSD>
        <pctVal>0.009358479910</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JD SPORTS FASHION PLC</name>
        <lei>213800HROV6Y9MUU8375</lei>
        <title>JD SPORTS FASHION PLC ORD GBP0.0005</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BM8Q5M07"/>
          <ticker value="JD/"/>
          <other otherDesc="SEDOL" value="BM8Q5M0"/>
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        <balance>115464.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75343800"/>
        <valUSD>129832.98000000</valUSD>
        <pctVal>0.008982881216</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GECOSS CORP</name>
        <lei>N/A</lei>
        <title>GECOSS CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3225500002"/>
          <ticker value="9991"/>
          <other otherDesc="SEDOL" value="6491794"/>
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        <balance>40600.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>384204.28000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OBIC CO LTD</name>
        <lei>N/A</lei>
        <title>OBIC CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3173400007"/>
          <ticker value="4684"/>
          <other otherDesc="SEDOL" value="6136749"/>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HSBC BANK PLC</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
        <title>CURRENCY CONTRACT - USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="CCTUSD__00217472"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>344542.07000000</valUSD>
        <pctVal>0.023838168767</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>HSBC BANK PLC</counterpartyName>
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      <invstOrSec>
        <name>NIPPON PAPER INDUSTRIES COMPANY LTD</name>
        <lei>3538007UWR5N9X8B8S30</lei>
        <title>NIPPON PAPER INDUSTRIES COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3721600009"/>
          <ticker value="3863"/>
          <other otherDesc="SEDOL" value="B8B8PJ2"/>
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        <balance>7000.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MERLIN PROPERTIES SOCIMI SA</name>
        <lei>959800L8KD863DP30X04</lei>
        <title>MERLIN PROPERTIES SOCIMI SA EUR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0105025003"/>
          <ticker value="MRL"/>
          <other otherDesc="SEDOL" value="BNGNB77"/>
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        <balance>40795.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
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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>UOL GROUP LTD</name>
        <lei>254900O9PRCWTMR86R25</lei>
        <title>UOL GROUP LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1S83002349"/>
          <ticker value="UOL"/>
          <other otherDesc="SEDOL" value="6916844"/>
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        <balance>40400.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.29345000"/>
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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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      <invstOrSec>
        <name>DAIWA SECURITIES GROUP INC</name>
        <lei>353800WRC7Y23PWFJG38</lei>
        <title>DAIWA SECURITIES GROUP INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3502200003"/>
          <ticker value="8601"/>
          <other otherDesc="SEDOL" value="6251448"/>
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        <balance>43200.00000000</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>CSL LTD</name>
        <lei>529900ECSECK5ZDQTE14</lei>
        <title>CSL LTD ORD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000CSL8"/>
          <ticker value="CSL"/>
          <other otherDesc="SEDOL" value="6185495"/>
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        <balance>16068.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.44341800"/>
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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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RENK GROUP AG</name>
        <lei>894500H8CNSZ53EI6K63</lei>
        <title>RENK GROUP AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000RENK730"/>
          <ticker value="R3NK"/>
          <other otherDesc="SEDOL" value="BMD6RR4"/>
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        <balance>15680.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
        <valUSD>756068.92000000</valUSD>
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      <invstOrSec>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>COSMOS PHARMACEUTICAL CORP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>YOKOHAMA FINANCIAL GROUP INC</name>
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        <name>OLYMPUS CORP</name>
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      <invstOrSec>
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        <name>BALTIC CLASSIFIEDS GROUP PLC</name>
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        <name>SBM OFFSHORE NV</name>
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        <name>DEUTSCHE BANK AKTIENGESELLSCHAFT</name>
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        <name>PROSEGUR COMPANIA DE SEGURIDAD SA</name>
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        <name>KAINOS GROUP PLC (THE)</name>
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        <name>HSBC BANK PLC</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
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        <name>JARDINE MATHESON HOLDINGS LTD</name>
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        <name>WESTGOLD RESOURCES LTD</name>
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        <name>MEDITR TOWER</name>
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        <balance>63223.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MYCRONIC AB</name>
        <lei>549300S5CCFESE4C6Y07</lei>
        <title>MYCRONIC AB NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0025158629"/>
          <ticker value="MYCR"/>
          <other otherDesc="SEDOL" value="BTXSLB1"/>
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        <balance>34216.00000000</balance>
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        <pctVal>0.078567522437</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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      </invstOrSec>
      <invstOrSec>
        <name>INTERPARFUMS SA</name>
        <lei>969500SARWF33OPQED48</lei>
        <title>INTERPARFUMS SA EUR3</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0004024222"/>
          <ticker value="ITP"/>
          <other otherDesc="SEDOL" value="4433839"/>
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        <balance>21083.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ELMOS SEMICONDUCTOR SE</name>
        <lei>529900UMKKDCAP4P4H63</lei>
        <title>ELMOS SEMICONDUCTOR SE NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0005677108"/>
          <ticker value="ELG"/>
          <other otherDesc="SEDOL" value="5695423"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OUTOKUMPU OYJ</name>
        <lei>5493009YRUJJDCFF0R80</lei>
        <title>OUTOKUMPU OYJ SER'A'NPV</title>
        <cusip>000000000</cusip>
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          <isin value="FI0009002422"/>
          <ticker value="OUT1V"/>
          <other otherDesc="SEDOL" value="4665148"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RBC DOMINION SECURITIES INC.</name>
        <lei>549300QJJX6CVVUXLE15</lei>
        <title>CURRENCY CONTRACT - USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="CCTUSD__00217445"/>
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        <balance>1.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>130474.08000000</valUSD>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>RBC DOMINION SECURITIES INC.</counterpartyName>
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      <invstOrSec>
        <name>SIGMA HEALTHCARE LTD</name>
        <lei>529900BZSP3BK7GYAO50</lei>
        <title>SIGMA HEALTHCARE LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000SIG5"/>
          <ticker value="SIG"/>
          <other otherDesc="SEDOL" value="BF13K02"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KH NEOCHEM CO LTD</name>
        <lei>N/A</lei>
        <title>KH NEOCHEM CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3277040006"/>
          <ticker value="4189"/>
          <other otherDesc="SEDOL" value="BZCRNM6"/>
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        <balance>6100.00000000</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>CREDITO EMILIANO SPA</name>
        <lei>8156004B244AA70DE787</lei>
        <title>CREDITO EMILIANO SPA EUR1</title>
        <cusip>000000000</cusip>
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          <isin value="IT0003121677"/>
          <ticker value="CE"/>
          <other otherDesc="SEDOL" value="7135251"/>
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        <balance>18612.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CAIRN HOMES PLC</name>
        <lei>635400DPX6WP2KKDOA83</lei>
        <title>CAIRN HOMES PLC ORD EUR0.001</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IE00BWY4ZF18"/>
          <ticker value="C5H"/>
          <other otherDesc="SEDOL" value="BF2NP06"/>
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        <balance>148190.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JCU CORP</name>
        <lei>N/A</lei>
        <title>JCU CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3166200000"/>
          <ticker value="4975"/>
          <other otherDesc="SEDOL" value="B0QH446"/>
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        <balance>8300.00000000</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>HOCHSCHILD MINING PLC</name>
        <lei>549300JK10TVQ3CCJQ89</lei>
        <title>HOCHSCHILD MINING PLC ORD GBP0.01</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B1FW5029"/>
          <ticker value="HOC"/>
          <other otherDesc="SEDOL" value="B1FW502"/>
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        <balance>80154.00000000</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>DAIKYONISHIKAWA CORP</name>
        <lei>N/A</lei>
        <title>DAIKYONISHIKAWA CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3481300006"/>
          <ticker value="4246"/>
          <other otherDesc="SEDOL" value="BJVSF22"/>
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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>RIGHTMOVE PLC</name>
        <lei>2138001JXGCFKBXYB828</lei>
        <title>RIGHTMOVE PLC ORD GBP0.001</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BGDT3G23"/>
          <ticker value="RMV"/>
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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>ORIENTAL LAND CO LTD</name>
        <lei>353800PIFKBZ6KTU5994</lei>
        <title>ORIENTAL LAND CO LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3198900007"/>
          <ticker value="4661"/>
          <other otherDesc="SEDOL" value="6648891"/>
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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>VESTAS WIND SYSTEMS A/S</name>
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        <title>VESTAS WIND SYSTEMS A/S DKK0.20</title>
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          <isin value="DK0061539921"/>
          <ticker value="VWS"/>
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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>INFICON HOLDING AG</name>
        <lei>5067008UT6890I0YM937</lei>
        <title>INFICON HOLDING AG CHF0.5 (REGD)</title>
        <cusip>000000000</cusip>
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          <ticker value="IFCN"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>G-7 HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>G-7 HOLDINGS INC NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3172450003"/>
          <ticker value="7508"/>
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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>HEBA FASTIGHETS AB</name>
        <lei>549300B1UZTBDU27UJ88</lei>
        <title>HEBA FASTIGHETS AB SER'B'NPV</title>
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          <ticker value="HEBAB"/>
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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>LINDAB INTERNATIONAL AB</name>
        <lei>54930085MH6IRQ1JP227</lei>
        <title>LINDAB INTERNATIONAL AB NPV</title>
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          <ticker value="LIAB"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>HILAN LTD</name>
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        <title>HILAN LTD ILS1</title>
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          <ticker value="HLAN"/>
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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>ENEOS HOLDINGS INC</name>
        <lei>3538001KQ5SAOZSQTT44</lei>
        <title>ENEOS HOLDINGS INC NPV</title>
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        <name>MACQUARIE GROUP LTD</name>
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        <name>MITSUBISHI HEAVY INDUSTRIES LTD</name>
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        <name>HSBC BANK PLC</name>
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      <invstOrSec>
        <name>AISIN CORP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SGH LTD</name>
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        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MOONPIG GROUP PLC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>IMI PLC</name>
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        <name>CHALLENGER LTD</name>
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        <name>BP PLC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AENA SME SA</name>
        <lei>959800R7QMXKF0NFMT29</lei>
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        <name>SHELL PLC</name>
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        <name>SYSTEM RESEARCH COMPANY LTD</name>
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        <name>NIPPON SANSO HOLDINGS CORP</name>
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        <name>POWER ASSETS HOLDINGS LTD</name>
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        <name>RAKUS CO LTD</name>
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        <name>BREMBO NV</name>
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        <name>AMADEUS IT GROUP SA</name>
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        <name>JINS HOLDINGS INC</name>
        <lei>353800IG2NOMKC105309</lei>
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        <name>MITSUBISHI RESEARCH INSTITUTE INC</name>
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        <name>HEMNET GROUP AB</name>
        <lei>5493008VIU67J3HUAR07</lei>
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        <name>SOFTBANK CORP</name>
        <lei>353800M1YCTS9JRBJ535</lei>
        <title>SOFTBANK CORP NPV</title>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>AIB GROUP PLC</name>
        <lei>635400AKJBGNS5WNQL34</lei>
        <title>AIB GROUP PLC ORD EUR0.625</title>
        <cusip>000000000</cusip>
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          <isin value="IE00BF0L3536"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ARCADIS NV</name>
        <lei>7245000UZH70GO047N03</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>COHORT PLC</name>
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        <cusip>000000000</cusip>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HSBC BANK PLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EQUINOR ASA</name>
        <lei>OW6OFBNCKXC4US5C7523</lei>
        <title>EQUINOR ASA NOK2.50</title>
        <cusip>000000000</cusip>
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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>SPAREBANK 1 SOR-NORGE ASA</name>
        <lei>549300Q3OIWRHQUQM052</lei>
        <title>SPAREBANK 1 SOR-NORGE ASA NOK25</title>
        <cusip>000000000</cusip>
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          <isin value="NO0010631567"/>
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        <balance>11189.00000000</balance>
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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>MONOGATARI CORP (THE)</name>
        <lei>N/A</lei>
        <title>MONOGATARI CORP (THE) NPV</title>
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          <isin value="JP3922930007"/>
          <ticker value="3097"/>
          <other otherDesc="SEDOL" value="B2PWSL1"/>
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        <balance>13400.00000000</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>HOKUTO CORP</name>
        <lei>N/A</lei>
        <title>HOKUTO CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3843250006"/>
          <ticker value="1379"/>
          <other otherDesc="SEDOL" value="6432715"/>
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        <balance>5100.00000000</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>MILBON CO LTD</name>
        <lei>N/A</lei>
        <title>MILBON CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3910650005"/>
          <ticker value="4919"/>
          <other otherDesc="SEDOL" value="6586117"/>
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        <balance>13300.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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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>FUJIYA CO LTD</name>
        <lei>N/A</lei>
        <title>FUJIYA CO LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3821200007"/>
          <ticker value="2211"/>
          <other otherDesc="SEDOL" value="6356967"/>
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        <balance>7300.00000000</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>ASTRAZENECA PLC</name>
        <lei>PY6ZZQWO2IZFZC3IOL08</lei>
        <title>ASTRAZENECA PLC ORD USD0.25</title>
        <cusip>000000000</cusip>
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          <ticker value="AZN"/>
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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>MUSASHI SEIMITSU INDUSTRY COMPANY LTD</name>
        <lei>353800J742CBBV9MSZ43</lei>
        <title>MUSASHI SEIMITSU INDUSTRY COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3912700006"/>
          <ticker value="7220"/>
          <other otherDesc="SEDOL" value="6135229"/>
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        <invCountry>JP</invCountry>
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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"/>
          <other otherDesc="SEDOL" value="B131GJ7"/>
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        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
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      <invstOrSec>
        <name>GOLDWIN INC</name>
        <lei>N/A</lei>
        <title>GOLDWIN INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3306600002"/>
          <ticker value="8111"/>
          <other otherDesc="SEDOL" value="6376169"/>
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        <balance>40200.00000000</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>MONCLER SPA</name>
        <lei>815600EBD7FB00525B20</lei>
        <title>MONCLER SPA NPV</title>
        <cusip>000000000</cusip>
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          <isin value="IT0004965148"/>
          <ticker value="MONC"/>
          <other otherDesc="SEDOL" value="BGLP232"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IT</invCountry>
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        <name>TERUMO CORP</name>
        <lei>353800JX1R4582QVK932</lei>
        <title>TERUMO CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3546800008"/>
          <ticker value="4543"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>MAPFRE SA</name>
        <lei>95980020140005693107</lei>
        <title>MAPFRE SA EUR0.10</title>
        <cusip>000000000</cusip>
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          <isin value="ES0124244E34"/>
          <ticker value="MAP"/>
          <other otherDesc="SEDOL" value="B1G40S0"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
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      <invstOrSec>
        <name>YARA INTERNATIONAL ASA</name>
        <lei>213800WKOUWXWFJ5Z514</lei>
        <title>YARA INTERNATIONAL ASA NOK1.7</title>
        <cusip>000000000</cusip>
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          <ticker value="YAR"/>
          <other otherDesc="SEDOL" value="7751259"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
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      <invstOrSec>
        <name>RELO GROUP INC</name>
        <lei>353800T595XRZDA8IB59</lei>
        <title>RELO GROUP INC NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3755200007"/>
          <ticker value="8876"/>
          <other otherDesc="SEDOL" value="6173906"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>YAMABIKO CORP</name>
        <lei>N/A</lei>
        <title>YAMABIKO CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3943000004"/>
          <ticker value="6250"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SEVERN TRENT PLC</name>
        <lei>213800RPBXRETY4A4C59</lei>
        <title>SEVERN TRENT PLC ORD GBP0.9789</title>
        <cusip>000000000</cusip>
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          <ticker value="SVT"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>KRONES AG</name>
        <lei>529900NY2GSZWWUBW049</lei>
        <title>KRONES AG ORD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE0006335003"/>
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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>TAISEI CORP</name>
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        <cusip>000000000</cusip>
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        <payoffProfile>Long</payoffProfile>
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      <invstOrSec>
        <name>ISE CHEMICALS CORP</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HEINEKEN NV</name>
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          <ticker value="HEIA"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HSBC BANK PLC</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
        <title>CURRENCY CONTRACT - NOK</title>
        <cusip>000000000</cusip>
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          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="CCTNOK__00222609"/>
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        <curCd>USD</curCd>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TELEKOM AUSTRIA AG</name>
        <lei>529900KCNFQU5OJH7L33</lei>
        <title>TELEKOM AUSTRIA AG NPV(BR)</title>
        <cusip>000000000</cusip>
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          <isin value="AT0000720008"/>
          <ticker value="TKA"/>
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        <assetCat>EC</assetCat>
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        <invCountry>AT</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SWISS LIFE HOLDING AG</name>
        <lei>5493000KUC3Z24U77V93</lei>
        <title>SWISS LIFE HOLDING AG CHF0.1 (REGD)</title>
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        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>COMPASS GROUP PLC</name>
        <lei>2138008M6MH9OZ6U2T68</lei>
        <title>COMPASS GROUP PLC ORD GBP0.1105</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BD6K4575"/>
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        <curCd>USD</curCd>
        <valUSD>1955538.90000000</valUSD>
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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>AIA GROUP LTD</name>
        <lei>ZP5ILWVSYE4LJGMMVD57</lei>
        <title>AIA GROUP LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="HK0000069689"/>
          <ticker value="1299"/>
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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>CK HUTCHISON HOLDINGS LTD</name>
        <lei>254900Z8HM1VEPOQ2G79</lei>
        <title>CK HUTCHISON HOLDINGS LTD HKD1</title>
        <cusip>000000000</cusip>
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          <isin value="KYG217651051"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TOKYO OHKA KOGYO CO LTD</name>
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        <title>TOKYO OHKA KOGYO CO LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3571800006"/>
          <ticker value="4186"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>RBC DOMINION SECURITIES INC.</name>
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        <title>CURRENCY CONTRACT - USD</title>
        <cusip>000000000</cusip>
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          <ticker value="N/A"/>
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        <name>PRYSMIAN SPA</name>
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        <title>PRYSMIAN SPA NPV</title>
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        <invCountry>IT</invCountry>
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      <invstOrSec>
        <name>JAPAN TOBACCO INC</name>
        <lei>353800Z0ENYBQO0XRJ31</lei>
        <title>JAPAN TOBACCO INC NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3726800000"/>
          <ticker value="2914"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</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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      <invstOrSec>
        <name>KONAMI GROUP CORP</name>
        <lei>353800FC4A5QCMIZFV94</lei>
        <title>KONAMI GROUP CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3300200007"/>
          <ticker value="9766"/>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>SHIP HEALTHCARE HOLDINGS INC</name>
        <lei>353800BIFUE1L527TH13</lei>
        <title>SHIP HEALTHCARE HOLDINGS INC NPV</title>
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          <ticker value="3360"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TEIJIN LTD</name>
        <lei>3538000RF6UCIMPKCO54</lei>
        <title>TEIJIN LTD NPV</title>
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          <isin value="JP3544000007"/>
          <ticker value="3401"/>
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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>JOHNSON MATTHEY PLC</name>
        <lei>2138001AVBSD1HSC6Z10</lei>
        <title>JOHNSON MATTHEY PLC ORD GBP1.109245</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BZ4BQC70"/>
          <ticker value="JMAT"/>
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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>DEUTSCHE BANK AKTIENGESELLSCHAFT</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>CURRENCY CONTRACT - USD</title>
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      </invstOrSec>
      <invstOrSec>
        <name>HOWDEN JOINERY GROUP PLC</name>
        <lei>213800KC1LJOJTY3JP45</lei>
        <title>HOWDEN JOINERY GROUP PLC ORD GBP0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0005576813"/>
          <ticker value="HWDN"/>
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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>PENNON GROUP PLC</name>
        <lei>213800V1CCTS41GWH423</lei>
        <title>PENNON GROUP PLC ORD GBP0.6105</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BNNTLN49"/>
          <ticker value="PNN"/>
          <other otherDesc="SEDOL" value="BNNTLN4"/>
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        <balance>89542.00000000</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>DEUTSCHE BANK AKTIENGESELLSCHAFT</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>CURRENCY CONTRACT - USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="CCTUSD__00217468"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>550680.63000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>DEUTSCHE BANK AKTIENGESELLSCHAFT</counterpartyName>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DAIICHI SANKYO COMPANY LTD</name>
        <lei>353800XGIU2IHQGC9504</lei>
        <title>DAIICHI SANKYO COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3475350009"/>
          <ticker value="4568"/>
          <other otherDesc="SEDOL" value="B0J7D91"/>
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        <balance>82200.00000000</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>
      <invstOrSec>
        <name>KNORR BREMSE AG</name>
        <lei>5299001GRRO0Z25YZT52</lei>
        <title>KNORR BREMSE AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000KBX1006"/>
          <ticker value="KBX"/>
          <other otherDesc="SEDOL" value="BD2P9X9"/>
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        <balance>8490.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>Y</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>DAIDO STEEL COMPANY LTD</name>
        <lei>353800WZKGRNG0T2FR92</lei>
        <title>DAIDO STEEL COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3491000000"/>
          <ticker value="5471"/>
          <other otherDesc="SEDOL" value="6250627"/>
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        <balance>15400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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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>ELIS SA</name>
        <lei>969500UX71LCE8MAY492</lei>
        <title>ELIS SA EUR1.00</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0012435121"/>
          <ticker value="ELIS"/>
          <other otherDesc="SEDOL" value="BVSS790"/>
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        <balance>8058.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
        <valUSD>249664.50000000</valUSD>
        <pctVal>0.017273781649</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</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>FRIEDRICH VORWERK GROUP SE</name>
        <lei>529900NBM89YAM5ENI18</lei>
        <title>FRIEDRICH VORWERK GROUP SE NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000A255F11"/>
          <ticker value="VH2"/>
          <other otherDesc="SEDOL" value="BNTJ0F3"/>
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        <balance>4471.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
        <valUSD>344528.22000000</valUSD>
        <pctVal>0.023837210514</pctVal>
        <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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE BANK AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>DEUTSCHE BANK AG ORD NPV(REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0005140008"/>
          <ticker value="DBK"/>
          <other otherDesc="SEDOL" value="5750355"/>
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        <balance>30874.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
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        <pctVal>0.072350598722</pctVal>
        <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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          <isLoanByFund>N</isLoanByFund>
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      <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>16600.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>423873.25000000</valUSD>
        <pctVal>0.029326932614</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VOLVO AB</name>
        <lei>549300HGV012CNC8JD22</lei>
        <title>VOLVO AB SER'A'NPV</title>
        <cusip>928856202</cusip>
        <identifiers>
          <isin value="SE0000115420"/>
          <ticker value="VOLVA"/>
          <other otherDesc="SEDOL" value="B1QH7Y4"/>
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        <balance>55393.00000000</balance>
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        <pctVal>0.130758592713</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>BOC AVIATION LTD</name>
        <lei>254900H06V5RMEB3KE72</lei>
        <title>BOC AVIATION LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG9999015267"/>
          <ticker value="2588"/>
          <other otherDesc="SEDOL" value="BYZJV17"/>
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        <balance>52400.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84205000"/>
        <valUSD>542906.51000000</valUSD>
        <pctVal>0.037562603052</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>J SAINSBURY PLC</name>
        <lei>213800VGZAAJIKJ9Y484</lei>
        <title>J SAINSBURY PLC ORD GBP0.28571428</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B019KW72"/>
          <ticker value="SBRY"/>
          <other otherDesc="SEDOL" value="B019KW7"/>
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        <balance>71498.00000000</balance>
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        <valUSD>303476.33000000</valUSD>
        <pctVal>0.020996913298</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GETINGE AB</name>
        <lei>5493003PZ4F570G3W735</lei>
        <title>GETINGE AB SER'B'NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0000202624"/>
          <ticker value="GETIB"/>
          <other otherDesc="SEDOL" value="7698356"/>
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        <balance>6652.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ANTOFAGASTA PLC</name>
        <lei>213800MY6QVH4FVLD628</lei>
        <title>ANTOFAGASTA PLC ORD GBP0.05</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0000456144"/>
          <ticker value="ANTO"/>
          <other otherDesc="SEDOL" value="0045614"/>
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        <balance>29467.00000000</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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      <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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        <balance>20800.00000000</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>SCREEN HOLDINGS CO LTD</name>
        <lei>353800ND89FTQ9XQ0R07</lei>
        <title>SCREEN HOLDINGS CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3494600004"/>
          <ticker value="7735"/>
          <other otherDesc="SEDOL" value="6251028"/>
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        <balance>16700.00000000</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>INTEA FASTIGHETER AB</name>
        <lei>549300KD3XGX3754UW61</lei>
        <title>INTEA FASTIGHETER AB NPV B</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0017072259"/>
          <ticker value="INTEAB"/>
          <other otherDesc="SEDOL" value="BQ3QQ53"/>
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        <balance>52820.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DWS GROUP GMBH &amp; CO. KGAA</name>
        <lei>529900VM3464806ERS69</lei>
        <title>DWS GROUP GMBH &amp; CO. KGAA NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE000DWS1007"/>
          <ticker value="DWS"/>
          <other otherDesc="SEDOL" value="BFMHVQ6"/>
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        <balance>5561.00000000</balance>
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        <valUSD>417395.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MAKITA CORP</name>
        <lei>529900CDR9E94BCM6294</lei>
        <title>MAKITA CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3862400003"/>
          <ticker value="6586"/>
          <other otherDesc="SEDOL" value="6555805"/>
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        <balance>3300.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SERCO GROUP PLC</name>
        <lei>549300PT2CIHYN5GWJ21</lei>
        <title>SERCO GROUP PLC GBP0.02</title>
        <cusip>000000000</cusip>
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          <isin value="GB0007973794"/>
          <ticker value="SRP"/>
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        <balance>59000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CHINA AVIATION OIL (SINGAPORE) CORP LTD</name>
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          <isin value="SG1T06929205"/>
          <ticker value="CAO"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HOYA CORP</name>
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        <title>HOYA CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3837800006"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>RINNAI CORP</name>
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          <isin value="JP3977400005"/>
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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>HOKKAIDO GAS CO LTD</name>
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          <isin value="JP3847000001"/>
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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>PLANISWARE SA</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TECHMATRIX CORP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HITACHI CONSTRUCTION MACHINERY CO LTD</name>
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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>BILFINGER SE</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NIPPON GAS CO LTD</name>
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        <cusip>000000000</cusip>
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          <isin value="JP3695600001"/>
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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>ITALGAS SPA</name>
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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>MINEBEA MITSUMI INC</name>
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        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TESCO PLC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SUMCO CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TAMRON COMPANY LTD</name>
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        <name>DEUTSCHE BANK AKTIENGESELLSCHAFT</name>
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        <name>OILES CORP</name>
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        <title>OILES CORP NPV</title>
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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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUMITOMO MITSUI FINANCIAL GROUP INC</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>SUMITOMO MITSUI FINANCIAL GROUP INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3890350006"/>
          <ticker value="8316"/>
          <other otherDesc="SEDOL" value="6563024"/>
        </identifiers>
        <balance>145700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>5689045.99000000</valUSD>
        <pctVal>0.393613582330</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>SINGAPORE AIRLINES LTD</name>
        <lei>549300ZG62N2599PWR15</lei>
        <title>SINGAPORE AIRLINES LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1V61937297"/>
          <ticker value="SIA"/>
          <other otherDesc="SEDOL" value="6811734"/>
        </identifiers>
        <balance>215100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29345000"/>
        <valUSD>1277179.64000000</valUSD>
        <pctVal>0.088365475382</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>SEMBCORP INDUSTRIES LTD</name>
        <lei>254900J0FF14U6TPQM96</lei>
        <title>SEMBCORP INDUSTRIES LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1R50925390"/>
          <ticker value="SCI"/>
          <other otherDesc="SEDOL" value="B08X163"/>
        </identifiers>
        <balance>55000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29345000"/>
        <valUSD>270014.30000000</valUSD>
        <pctVal>0.018681743141</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>UNION TOOL COMPANY</name>
        <lei>N/A</lei>
        <title>UNION TOOL COMPANY NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3950600001"/>
          <ticker value="6278"/>
          <other otherDesc="SEDOL" value="6914053"/>
        </identifiers>
        <balance>6100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>845236.12000000</valUSD>
        <pctVal>0.058480177114</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>NOVO NORDISK A/S</name>
        <lei>549300DAQ1CVT6CXN342</lei>
        <title>NOVO NORDISK A/S SER'B'DKK0.1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DK0062498333"/>
          <ticker value="NOVOB"/>
          <other otherDesc="SEDOL" value="BP6KMJ1"/>
        </identifiers>
        <balance>183553.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.53800000"/>
        <valUSD>8832330.04000000</valUSD>
        <pctVal>0.611091046457</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KOEI TECMO HOLDINGS CO LTD</name>
        <lei>353800RQ25FIYLPYXP11</lei>
        <title>KOEI TECMO HOLDINGS CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3283460008"/>
          <ticker value="3635"/>
          <other otherDesc="SEDOL" value="B60DR09"/>
        </identifiers>
        <balance>43700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>407221.35000000</valUSD>
        <pctVal>0.028174821342</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>COVIVIO SA</name>
        <lei>969500P8M3W2XX376054</lei>
        <title>COVIVIO SA EUR3</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000064578"/>
          <ticker value="COV"/>
          <other otherDesc="SEDOL" value="7745638"/>
        </identifiers>
        <balance>7615.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
        <valUSD>466653.94000000</valUSD>
        <pctVal>0.032286842003</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK OF QUEENSLAND LTD</name>
        <lei>549300WFIN7T02UKDG08</lei>
        <title>BANK OF QUEENSLAND LTD ORD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000BOQ8"/>
          <ticker value="BOQ"/>
          <other otherDesc="SEDOL" value="6076243"/>
        </identifiers>
        <balance>676.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.44341800"/>
        <valUSD>2955.18000000</valUSD>
        <pctVal>0.000204462925</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>
      <invstOrSec>
        <name>THULE GROUP AB</name>
        <lei>549300XHHOGBOERKU333</lei>
        <title>THULE GROUP AB NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0006422390"/>
          <ticker value="THULE"/>
          <other otherDesc="SEDOL" value="BSQXJ01"/>
        </identifiers>
        <balance>25252.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.67815000"/>
        <valUSD>537490.33000000</valUSD>
        <pctVal>0.037187868516</pctVal>
        <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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NIPPN CORP</name>
        <lei>353800V7HRZ1HQGJCW63</lei>
        <title>NIPPN CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3723000000"/>
          <ticker value="2001"/>
          <other otherDesc="SEDOL" value="6640745"/>
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        <balance>7000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>120855.25000000</valUSD>
        <pctVal>0.008361730240</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>ASSICURAZIONI GENERALI SPA</name>
        <lei>549300X5UKJVE386ZB61</lei>
        <title>ASSICURAZIONI GENERALI SPA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0000062072"/>
          <ticker value="G"/>
          <other otherDesc="SEDOL" value="4056719"/>
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        <balance>56957.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
        <valUSD>2774718.17000000</valUSD>
        <pctVal>0.191977136548</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REDOX LTD</name>
        <lei>984500FE9LB83BDC7K07</lei>
        <title>REDOX LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000284895"/>
          <ticker value="RDX"/>
          <other otherDesc="SEDOL" value="BQ81P89"/>
        </identifiers>
        <balance>85445.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.44341800"/>
        <valUSD>235009.30000000</valUSD>
        <pctVal>0.016259818011</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>
      <invstOrSec>
        <name>ASAHI KASEI CORP</name>
        <lei>353800GPI4Z3MGDGN142</lei>
        <title>ASAHI KASEI CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3111200006"/>
          <ticker value="3407"/>
          <other otherDesc="SEDOL" value="6054603"/>
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        <balance>41892.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>461643.27000000</valUSD>
        <pctVal>0.031940163883</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HERA - HOLDING ENERGIA RISORSE AMBIENTE SPA</name>
        <lei>8156009414FD99443B48</lei>
        <title>HERA - HOLDING ENERGIA RISORSE AMBIENTE SPA EUR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0001250932"/>
          <ticker value="HER"/>
          <other otherDesc="SEDOL" value="7598003"/>
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        <balance>52234.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
        <valUSD>218094.29000000</valUSD>
        <pctVal>0.015089502690</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UBS GROUP AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS GROUP AG USD0.10 (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0244767585"/>
          <ticker value="UBSG"/>
          <other otherDesc="SEDOL" value="BRJL176"/>
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        <balance>88733.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.80665000"/>
        <valUSD>4406674.49000000</valUSD>
        <pctVal>0.304888892658</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LAND DEVELOPMENT OF NIMRODI GROUP LTD</name>
        <lei>213800Z7833KR44LCC93</lei>
        <title>LAND DEVELOPMENT OF NIMRODI GROUP LTD ILS1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0006120104"/>
          <ticker value="ILDC"/>
          <other otherDesc="SEDOL" value="6889708"/>
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        <balance>16577.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.97945000"/>
        <valUSD>193563.86000000</valUSD>
        <pctVal>0.013392291867</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>TOMOKU CO LTD</name>
        <lei>353800L6Q5CBPI6NIQ21</lei>
        <title>TOMOKU CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3554000004"/>
          <ticker value="3946"/>
          <other otherDesc="SEDOL" value="6896311"/>
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        <balance>6200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>147632.67000000</valUSD>
        <pctVal>0.010214405756</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HOOSIERS HOLDINGS CO LTD</name>
        <lei>N/A</lei>
        <title>HOOSIERS HOLDINGS CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3802060008"/>
          <ticker value="3284"/>
          <other otherDesc="SEDOL" value="B7M1678"/>
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        <balance>14800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>108546.99000000</valUSD>
        <pctVal>0.007510146632</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CLOETTA AB</name>
        <lei>549300CSLHPO6Y1AZN37</lei>
        <title>CLOETTA AB SER'B'NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0002626861"/>
          <ticker value="CLAB"/>
          <other otherDesc="SEDOL" value="B3K5QQ3"/>
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        <balance>51563.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.67815000"/>
        <valUSD>262019.95000000</valUSD>
        <pctVal>0.018128630238</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAMPO PLC</name>
        <lei>743700UF3RL386WIDA22</lei>
        <title>SAMPO PLC NPV A</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FI4000552500"/>
          <ticker value="SAMPO"/>
          <other otherDesc="SEDOL" value="BMXX645"/>
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        <balance>104481.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
        <valUSD>1098252.13000000</valUSD>
        <pctVal>0.075985842960</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>VALQUA LTD</name>
        <lei>N/A</lei>
        <title>VALQUA LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3744200001"/>
          <ticker value="7995"/>
          <other otherDesc="SEDOL" value="6643625"/>
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        <balance>5300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>234142.44000000</valUSD>
        <pctVal>0.016199841721</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>MTR CORP LTD</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>COMPAGNIE FINANCIERE RICHEMONT SA</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HSBC BANK PLC</name>
        <lei>MP6I5ZYZBEU3UXPYFY54</lei>
        <title>CURRENCY CONTRACT - ILS</title>
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          <ticker value="N/A"/>
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        <assetCat>DFE</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SCROLL CORP</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <isin value="JP3913600007"/>
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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>FRESENIUS MEDICAL CARE AG</name>
        <lei>549300CP8NY40UP89Q40</lei>
        <title>FRESENIUS MEDICAL CARE AG NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE0005785802"/>
          <ticker value="FME"/>
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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>PACIFIC BASIN SHIPPING LTD</name>
        <lei>254900LNPK737X4Y3V26</lei>
        <title>PACIFIC BASIN SHIPPING LTD USD0.01</title>
        <cusip>000000000</cusip>
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          <isin value="BMG684371393"/>
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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>TOSEI CORP</name>
        <lei>N/A</lei>
        <title>TOSEI CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3595070008"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AIRBUS SE</name>
        <lei>MINO79WLOO247M1IL051</lei>
        <title>AIRBUS SE EUR1</title>
        <cusip>000000000</cusip>
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          <isin value="NL0000235190"/>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HEIWADO CO LTD</name>
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        <cusip>000000000</cusip>
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          <isin value="JP3834400008"/>
          <ticker value="8276"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CODAN LTD</name>
        <lei>9845005866EB809B5694</lei>
        <title>CODAN LTD NPV</title>
        <cusip>000000000</cusip>
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          <ticker value="CDA"/>
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      <invstOrSec>
        <name>VALOR HOLDINGS CO LTD</name>
        <lei>N/A</lei>
        <title>VALOR HOLDINGS CO LTD NPV</title>
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          <isin value="JP3778400006"/>
          <ticker value="9956"/>
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        <fairValLevel>1</fairValLevel>
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        <name>NOF CORP</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <isin value="JP3753400005"/>
          <ticker value="4403"/>
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        <fairValLevel>1</fairValLevel>
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        <name>EDP RENEWABLES SA</name>
        <lei>529900MUFAH07Q1TAX06</lei>
        <title>EDP RENEWABLES SA EUR5</title>
        <cusip>000000000</cusip>
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          <isin value="ES0127797019"/>
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        <invCountry>ES</invCountry>
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      <invstOrSec>
        <name>AREALINK COMPANY LTD</name>
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        <title>AREALINK COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3167620008"/>
          <ticker value="8914"/>
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        <fairValLevel>1</fairValLevel>
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        <name>WHITBREAD PLC</name>
        <lei>21380099VMZKRMN3EX36</lei>
        <title>WHITBREAD PLC ORD GBP0.76797385</title>
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          <ticker value="WTB"/>
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        <name>HOLCIM AG</name>
        <lei>529900EHPFPYHV6IQO98</lei>
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        <name>WOLTERS KLUWER NV</name>
        <lei>724500TEM53I0U077B74</lei>
        <title>WOLTERS KLUWER NV EUR0.12</title>
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          <isin value="NL0000395903"/>
          <ticker value="WKL"/>
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        <invCountry>NL</invCountry>
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        <name>NATWEST GROUP PLC</name>
        <lei>2138005O9XJIJN4JPN90</lei>
        <title>NATWEST GROUP PLC ORD GBP1.0769</title>
        <cusip>000000000</cusip>
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      <invstOrSec>
        <name>RESONA HOLDINGS INC</name>
        <lei>52990067JE75XZCYYT81</lei>
        <title>RESONA HOLDINGS INC NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3500610005"/>
          <ticker value="8308"/>
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        <name>RYOBI LTD</name>
        <lei>N/A</lei>
        <title>RYOBI LTD NPV</title>
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          <isin value="JP3975800008"/>
          <ticker value="5851"/>
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      <invstOrSec>
        <name>BIPROGY INC</name>
        <lei>N/A</lei>
        <title>BIPROGY INC NPV</title>
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          <isin value="JP3754200008"/>
          <ticker value="8056"/>
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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>INPEX CORP</name>
        <lei>353800VHYYADPR6MXQ47</lei>
        <title>INPEX CORP NPV</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MEGA OR HOLDINGS LTD</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CK INFRASTRUCTURE HOLDINGS LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MITSUI &amp; CO. LTD</name>
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        <name>CAR GROUP LTD</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>JB HI-FI LTD</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EQT AB</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>TOHO CO LTD (TOKYO)</name>
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          <isin value="JP3598600009"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>KOKUSAI ELECTRIC CORP</name>
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        <cusip>000000000</cusip>
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          <isin value="JP3293330001"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SHIN NIPPON BIOMEDICAL LABORATORIES LTD</name>
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        <title>SHIN NIPPON BIOMEDICAL LABORATORIES LTD NPV</title>
        <cusip>000000000</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>CLP HOLDINGS LTD</name>
        <lei>25490002BUTSMP94GO68</lei>
        <title>CLP HOLDINGS LTD NPV</title>
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        <invCountry>HK</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>TRATON SE</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>DEUTSCHE BANK AKTIENGESELLSCHAFT</name>
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        <name>SIKA AG</name>
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        <name>SANDVIK AB</name>
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        <title>SANDVIK AB NPV</title>
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        <name>CHUBU ELECTRIC POWER CO INC</name>
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        <title>CHUBU ELECTRIC POWER CO INC NPV</title>
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        <fairValLevel>1</fairValLevel>
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        <name>TOHO GAS CO LTD</name>
        <lei>353800BCVTE4F8012906</lei>
        <title>TOHO GAS CO LTD NPV</title>
        <cusip>000000000</cusip>
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        <name>JMDC INC</name>
        <lei>3538002M2SQV6WJ6MQ67</lei>
        <title>JMDC INC NPV</title>
        <cusip>000000000</cusip>
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      </invstOrSec>
      <invstOrSec>
        <name>TRANSURBAN GROUP</name>
        <lei>549300ZR71SUQ4VUTM79</lei>
        <title>TRANSURBAN GROUP STAPLED UNITS NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000TCL6"/>
          <ticker value="TCL"/>
          <other otherDesc="SEDOL" value="6200882"/>
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        <balance>309567.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.44341800"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NOEVIR HOLDINGS COMPANY LTD</name>
        <lei>N/A</lei>
        <title>NOEVIR HOLDINGS COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3760450001"/>
          <ticker value="4928"/>
          <other otherDesc="SEDOL" value="B458891"/>
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        <balance>6300.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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        <pctVal>0.011773769221</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ENDESA SA - EMPRESA NACIONAL ELECTRICIDAD</name>
        <lei>549300LHK07F2CHV4X31</lei>
        <title>ENDESA SA - EMPRESA NACIONAL ELECTRICIDAD EUR1.2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0130670112"/>
          <ticker value="ELE"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BT GROUP PLC</name>
        <lei>213800LRO7NS5CYQMN21</lei>
        <title>BT GROUP PLC ORD GBP0.05</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0030913577"/>
          <ticker value="BT/A"/>
          <other otherDesc="SEDOL" value="3091357"/>
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        <currencyConditional curCd="GBP" exchangeRt="0.75343800"/>
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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>JPMorgan Chase Bank, National Association</name>
        <lei>7H6GLXDRUGQFU57RNE97</lei>
        <title>CURRENCY CONTRACT - USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="CCTUSD__00217927"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1822.07000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>JPMorgan Chase Bank, National Association</counterpartyName>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KONINKLIJKE HEIJMANS NV</name>
        <lei>724500OUE3PCA809DZ79</lei>
        <title>KONINKLIJKE HEIJMANS NV CVA EUR0.30</title>
        <cusip>000000000</cusip>
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          <isin value="NL0009269109"/>
          <ticker value="HEIJM"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AIN HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>AIN HOLDINGS INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3105250009"/>
          <ticker value="9627"/>
          <other otherDesc="SEDOL" value="6249120"/>
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        <balance>7500.00000000</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>SKISTAR AB</name>
        <lei>529900CD7HSJ1CZS7089</lei>
        <title>SKISTAR AB SER'B'NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0012141687"/>
          <ticker value="SKISB"/>
          <other otherDesc="SEDOL" value="BGSCRG4"/>
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        <balance>19771.00000000</balance>
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        <currencyConditional curCd="SEK" exchangeRt="9.67815000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MONY GROUP PLC</name>
        <lei>54930016B7VO33FBE722</lei>
        <title>MONY GROUP PLC ORD GBP0.0002</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B1ZBKY84"/>
          <ticker value="MONY"/>
          <other otherDesc="SEDOL" value="B1ZBKY8"/>
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        <balance>53838.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75343800"/>
        <valUSD>132337.34000000</valUSD>
        <pctVal>0.009156152818</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BASF SE</name>
        <lei>529900PM64WH8AF1E917</lei>
        <title>BASF SE NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000BASF111"/>
          <ticker value="BAS"/>
          <other otherDesc="SEDOL" value="5086577"/>
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        <balance>69443.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HIROGIN HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>HIROGIN HOLDINGS INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3796150005"/>
          <ticker value="7337"/>
          <other otherDesc="SEDOL" value="BJK6DZ6"/>
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        <balance>19600.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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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>KEYENCE CORP</name>
        <lei>529900M7PQBS7A89DZ11</lei>
        <title>KEYENCE CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3236200006"/>
          <ticker value="6861"/>
          <other otherDesc="SEDOL" value="6490995"/>
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        <balance>4430.00000000</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>ALCON AG</name>
        <lei>549300LDT5AP8S0NBM78</lei>
        <title>ALCON AG CHF0.04</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0432492467"/>
          <ticker value="ALC"/>
          <other otherDesc="SEDOL" value="BJT1GR5"/>
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        <balance>6438.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.80665000"/>
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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>ORSERO SPA</name>
        <lei>8156001895E0F4E7A803</lei>
        <title>ORSERO SPA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0005138703"/>
          <ticker value="ORS"/>
          <other otherDesc="SEDOL" value="BYZB102"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CORPORACION ACCIONA ENERGIAS RENOVABLES SA</name>
        <lei>254900UPX0OEHTKB9Y44</lei>
        <title>CORPORACION ACCIONA ENERGIAS RENOVABLES SA EUR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0105563003"/>
          <ticker value="ANE"/>
          <other otherDesc="SEDOL" value="BP7L895"/>
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        <balance>9768.00000000</balance>
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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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        <name>BNP PARIBAS SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP PARIBAS SA EUR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000131104"/>
          <ticker value="BNP"/>
          <other otherDesc="SEDOL" value="7309681"/>
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        <balance>105441.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ACOMO NV</name>
        <lei>7245001M40ANG7IIS437</lei>
        <title>ACOMO NV EUR0.45</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0000313286"/>
          <ticker value="ACOMO"/>
          <other otherDesc="SEDOL" value="4031459"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>GREMS INC</name>
        <lei>N/A</lei>
        <title>GREMS INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3952860009"/>
          <ticker value="3150"/>
          <other otherDesc="SEDOL" value="B4Y5ZP8"/>
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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>TRI CHEMICAL LABORATORIES INC</name>
        <lei>353800S3OPTEAPIHHJ16</lei>
        <title>TRI CHEMICAL LABORATORIES INC NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3636000006"/>
          <ticker value="4369"/>
          <other otherDesc="SEDOL" value="B1Z8XW8"/>
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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>INDUSTRIA DE DISENO TEXTIL SA</name>
        <lei>549300TTCXZOGZM2EY83</lei>
        <title>INDUSTRIA DE DISENO TEXTIL SA EUR0.03 (POST SUBD)</title>
        <cusip>000000000</cusip>
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          <ticker value="ITX"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GEA GROUP AG</name>
        <lei>549300PHUU0ZZWO8EO07</lei>
        <title>GEA GROUP AG NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE0006602006"/>
          <ticker value="G1A"/>
          <other otherDesc="SEDOL" value="4557104"/>
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        <valUSD>593455.29000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INTESA SANPAOLO SPA</name>
        <lei>2W8N8UU78PMDQKZENC08</lei>
        <title>INTESA SANPAOLO SPA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0000072618"/>
          <ticker value="ISP"/>
          <other otherDesc="SEDOL" value="4076836"/>
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        <balance>2409761.00000000</balance>
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        <valUSD>16502929.01000000</valUSD>
        <pctVal>1.141804270521</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</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>UNIVERSAL MUSIC GROUP NV</name>
        <lei>724500GJBUL3D9TW9Y18</lei>
        <title>UNIVERSAL MUSIC GROUP NV EUR10.00</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0015000IY2"/>
          <ticker value="UMG"/>
          <other otherDesc="SEDOL" value="BNZGVV1"/>
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        <balance>87829.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
        <valUSD>1840605.18000000</valUSD>
        <pctVal>0.127347748608</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</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>SAPPORO BREWERIES LTD</name>
        <lei>353800ITDYV3AD2X5M34</lei>
        <title>SAPPORO HOLDINGS LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3320800000"/>
          <ticker value="2501"/>
          <other otherDesc="SEDOL" value="6776907"/>
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        <balance>28100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
        <valUSD>350979.85000000</valUSD>
        <pctVal>0.024283585741</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KURA SUSHI INC</name>
        <lei>N/A</lei>
        <title>KURA SUSHI INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3268200007"/>
          <ticker value="2695"/>
          <other otherDesc="SEDOL" value="6345965"/>
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        <balance>17000.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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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>BECHTLE AG</name>
        <lei>529900HA2QT774RUXW59</lei>
        <title>BECHTLE AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0005158703"/>
          <ticker value="BC8"/>
          <other otherDesc="SEDOL" value="5932409"/>
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        <balance>7631.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
        <valUSD>270285.72000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LANDIS+GYR GROUP AG</name>
        <lei>529900PZYVAKCYSLFL19</lei>
        <title>LANDIS+GYR GROUP AG CHF10 (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0371153492"/>
          <ticker value="LAND"/>
          <other otherDesc="SEDOL" value="BF41XY8"/>
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        <balance>2390.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.80665000"/>
        <valUSD>128292.32000000</valUSD>
        <pctVal>0.008876286067</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</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>NIHON FLUSH COMPANY LTD</name>
        <lei>N/A</lei>
        <title>NIHON FLUSH COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3756230003"/>
          <ticker value="7820"/>
          <other otherDesc="SEDOL" value="B2NJ3J7"/>
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        <balance>39700.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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        <pctVal>0.012219101094</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RATIO ENERGIES LP</name>
        <lei>984500B54B3D0958E560</lei>
        <title>RATIO ENERGIES LP ILS1 (LIMITED PARTNERSHIP)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0003940157"/>
          <ticker value="RATI"/>
          <other otherDesc="SEDOL" value="6721725"/>
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        <balance>200507.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.97945000"/>
        <valUSD>289375.59000000</valUSD>
        <pctVal>0.020021311625</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ACEA SPA</name>
        <lei>549300Q3448N041CTH56</lei>
        <title>ACEA SPA EUR5.16</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0001207098"/>
          <ticker value="ACE"/>
          <other otherDesc="SEDOL" value="5728125"/>
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        <balance>6583.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
        <valUSD>163472.20000000</valUSD>
        <pctVal>0.011310310791</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</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>KAKIYASU HONTEN COMPANY LTD</name>
        <lei>N/A</lei>
        <title>KAKIYASU HONTEN COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3206500005"/>
          <ticker value="2294"/>
          <other otherDesc="SEDOL" value="6008280"/>
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        <balance>8700.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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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>TROAX GROUP AB</name>
        <lei>5493003TBEWGBIEG1X97</lei>
        <title>TROAX GROUP AB NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0012729366"/>
          <ticker value="TROAX"/>
          <other otherDesc="SEDOL" value="BJ84HW7"/>
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        <balance>15950.00000000</balance>
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        <currencyConditional curCd="SEK" exchangeRt="9.67815000"/>
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        <pctVal>0.011721739863</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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      <invstOrSec>
        <name>SISRAM MEDICAL LTD</name>
        <lei>N/A</lei>
        <title>SISRAM MEDICAL LTD ILS0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0011418113"/>
          <ticker value="1696"/>
          <other otherDesc="SEDOL" value="BD9G4P2"/>
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        <balance>273200.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84205000"/>
        <valUSD>79081.87000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HARVIA OYJ</name>
        <lei>7437002ULTBOWQQOXL69</lei>
        <title>HARVIA OYJ NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FI4000306873"/>
          <ticker value="HARVIA"/>
          <other otherDesc="SEDOL" value="BFMNCT4"/>
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        <balance>5607.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SANOMA OYJ</name>
        <lei>743700XJC24THUPK0S03</lei>
        <title>SANOMA OYJ NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FI0009007694"/>
          <ticker value="SANOMA"/>
          <other otherDesc="SEDOL" value="5964640"/>
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        <balance>27757.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EXEDY CORP</name>
        <lei>35380047PHY08BBD5M18</lei>
        <title>EXEDY CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3161160001"/>
          <ticker value="7278"/>
          <other otherDesc="SEDOL" value="6250412"/>
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        <balance>3800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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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>BACHEM HOLDING AG</name>
        <lei>506700S81111XI7TG884</lei>
        <title>BACHEM HOLDING AG CHF0.01 (REGD) (SUBD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH1176493729"/>
          <ticker value="BANB"/>
          <other otherDesc="SEDOL" value="BMXVKB4"/>
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        <balance>14904.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SOLVAY NV/SA</name>
        <lei>549300MMVL80RTBP3O28</lei>
        <title>SOLVAY NV/SA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0003470755"/>
          <ticker value="SOLB"/>
          <other otherDesc="SEDOL" value="4821100"/>
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        <balance>4347.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ATLAS COPCO AB</name>
        <lei>213800T8PC8Q4FYJZR07</lei>
        <title>ATLAS COPCO AB SER'B'NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0017486897"/>
          <ticker value="ATCOB"/>
          <other otherDesc="SEDOL" value="BLDBN52"/>
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        <balance>76438.00000000</balance>
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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>NIPPON PAINT HOLDINGS CO LTD</name>
        <lei>529900RYRJUN78A7PL87</lei>
        <title>NIPPON PAINT HOLDINGS CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3749400002"/>
          <ticker value="4612"/>
          <other otherDesc="SEDOL" value="6640507"/>
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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>DENTSU SOKEN INC</name>
        <lei>N/A</lei>
        <title>DENTSU SOKEN INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3551530003"/>
          <ticker value="4812"/>
          <other otherDesc="SEDOL" value="6295974"/>
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        <balance>52100.00000000</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>
      <invstOrSec>
        <name>TOPRE CORP</name>
        <lei>N/A</lei>
        <title>TOPRE CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3598200008"/>
          <ticker value="5975"/>
          <other otherDesc="SEDOL" value="6894928"/>
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        <balance>9100.00000000</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SANRIO CO LTD</name>
        <lei>3538002Q5JQLOMSPH125</lei>
        <title>SANRIO CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
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        <name>TSURUMI MANUFACTURING CO LTD</name>
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        <name>SUMITOMO ELECTRIC INDUSTRIES LTD</name>
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        <name>DE' LONGHI SPA</name>
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        <name>UNIPOL ASSICURAZIONI SPA</name>
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        <name>HKT TRUST AND HKT LTD</name>
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        <name>LOGISTEA AB</name>
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        <name>HEIDELBERG MATERIALS AG</name>
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        <name>LINTEC CORP</name>
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        <name>DAITO TRUST CONSTRUCTION CO LTD</name>
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        <name>SEIKO GROUP CORP</name>
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        <name>NINTENDO COMPANY LTD</name>
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        <name>PNE AG</name>
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        <name>SANWA HOLDINGS CORP</name>
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          <isin value="JP3344400001"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MEITEC GROUP HOLDINGS INC</name>
        <lei>N/A</lei>
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          <isin value="JP3919200000"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LISI SA</name>
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          <isin value="FR0000050353"/>
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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>TRELLEBORG AB</name>
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          <isin value="SE0000114837"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TASUKI HOLDINGS INC</name>
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          <isin value="JP3464310006"/>
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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>WAYPOINT REIT LTD</name>
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        <title>WAYPOINT REIT LTD NPV (STAPLED)</title>
        <cusip>000000000</cusip>
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          <isin value="AU0000088064"/>
          <ticker value="WPR"/>
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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>DAIICHI LIFE GROUP INC</name>
        <lei>549300ZUFXI7JXZVTZ25</lei>
        <title>DAIICHI LIFE GROUP INC NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3476480003"/>
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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>BUFAB AB</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>KOMATSU LTD</name>
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        <title>KOMATSU LTD NPV</title>
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        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <name>STOLT-NIELSEN LTD</name>
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        <name>SHIMADZU CORP</name>
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        <name>IHI CORP</name>
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        <name>FUTABA INDUSTRIAL CO LTD</name>
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        <name>SKY PERFECT JSAT CORP</name>
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        <name>JAMES HALSTEAD PLC</name>
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        <name>RAYSEARCH LABORATORIES AB</name>
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        <title>RAYSEARCH LABORATORIES AB SER'B'NPV</title>
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        <name>MAEDA KOSEN COMPANY LTD</name>
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        <title>MAEDA KOSEN COMPANY LTD NPV</title>
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        <name>PIGEON CORP</name>
        <lei>2549006T3HT0TI9IRV62</lei>
        <title>PIGEON CORP NPV</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DAH SING BANKING GROUP LTD</name>
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          <isin value="HK2356013600"/>
          <ticker value="2356"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>HK</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AXFOOD AB</name>
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        <cusip>000000000</cusip>
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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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      <invstOrSec>
        <name>BANK HAPOALIM LTD</name>
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          <isin value="IL0006625771"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ENERGEAN PLC</name>
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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>CHUGOKU ELECTRIC POWER COMPANY INC</name>
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          <isin value="JP3522200009"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SOJITZ CORP</name>
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        <cusip>000000000</cusip>
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          <isin value="JP3663900003"/>
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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>PRESS KOGYO CO LTD</name>
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        <cusip>000000000</cusip>
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          <isin value="JP3833600004"/>
          <ticker value="7246"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>L'OREAL SA</name>
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          <isin value="FR0000120321"/>
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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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      <invstOrSec>
        <name>MISUMI GROUP INC</name>
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        <cusip>000000000</cusip>
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          <isin value="JP3885400006"/>
          <ticker value="9962"/>
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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>MIVNE REAL ESTATE (K.D.) 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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      <invstOrSec>
        <name>WESTPAC BANKING CORP</name>
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        <assetCat>EC</assetCat>
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        <name>SWISS RE AG</name>
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        <assetCat>EC</assetCat>
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        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <name>DANYA CEBUS LTD</name>
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        <name>LIFCO AB</name>
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        <name>TELE2 AB</name>
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        <name>LONDON STOCK EXCHANGE GROUP PLC</name>
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        <name>HAFNIA LTD</name>
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        <name>NAKANISHI INC</name>
        <lei>353800EXA7IQ42YKF224</lei>
        <title>NAKANISHI INC NPV</title>
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        <name>BETSSON AB</name>
        <lei>549300W61XW8OFGBG077</lei>
        <title>BETSSON AB NPV B</title>
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        <name>VEIDEKKE ASA</name>
        <lei>5967007LIEEXZXHF4O96</lei>
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          <ticker value="VEI"/>
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        <name>POSTE ITALIANE SPA</name>
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        <pctVal>0.013479230711</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>Y</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>TODA CORP</name>
        <lei>N/A</lei>
        <title>TODA CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3627000007"/>
          <ticker value="1860"/>
          <other otherDesc="SEDOL" value="6893884"/>
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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>VICINITY CENTRES RE LTD</name>
        <lei>549300S7GOEVR0EGFN47</lei>
        <title>VICINITY CENTRES RE LTD NPV (STAPLED SECURITY)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000VCX7"/>
          <ticker value="VCX"/>
          <other otherDesc="SEDOL" value="BY7QXS7"/>
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        <currencyConditional curCd="AUD" exchangeRt="1.44341800"/>
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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>
        <name>NEW WAVE GROUP AB</name>
        <lei>5493006EIYZZYQILKS31</lei>
        <title>NEW WAVE GROUP AB SER'B'NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0020356970"/>
          <ticker value="NEWAB"/>
          <other otherDesc="SEDOL" value="BQS92L5"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KANEKA CORP</name>
        <lei>529900FWWCF6RY313R16</lei>
        <title>KANEKA CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3215800008"/>
          <ticker value="4118"/>
          <other otherDesc="SEDOL" value="6483360"/>
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        <balance>2400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.52500000"/>
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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>WORKSPACE GROUP PLC</name>
        <lei>2138003GUZRFIN3UT430</lei>
        <title>WORKSPACE GROUP PLC ORD GBP1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B67G5X01"/>
          <ticker value="WKP"/>
          <other otherDesc="SEDOL" value="B67G5X0"/>
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        <balance>20430.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75343800"/>
        <valUSD>93928.79000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NH FOODS LTD</name>
        <lei>353800NLDBIOUQILWU82</lei>
        <title>NH FOODS LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3743000006"/>
          <ticker value="2282"/>
          <other otherDesc="SEDOL" value="6640767"/>
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        <balance>3000.00000000</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>TOSOH CORP</name>
        <lei>529900YSLFVJF2MDBX02</lei>
        <title>TOSOH CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3595200001"/>
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          <other otherDesc="SEDOL" value="6900289"/>
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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>MONOTARO COMPANY LTD</name>
        <lei>5299005JUER5ANXWTC33</lei>
        <title>MONOTARO COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3922950005"/>
          <ticker value="3064"/>
          <other otherDesc="SEDOL" value="B1GHR88"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SHURGARD SELF STORAGE LTD</name>
        <lei>549300J0UEIKU81XO336</lei>
        <title>SHURGARD SELF STORAGE LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GG00BQZCBZ44"/>
          <ticker value="SHUR"/>
          <other otherDesc="SEDOL" value="BQZCBZ4"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.87466100"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DICKER DATA LTD</name>
        <lei>549300Z9AR1B5G2UQJ37</lei>
        <title>DICKER DATA LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000DDR5"/>
          <ticker value="DDR"/>
          <other otherDesc="SEDOL" value="B3YPKQ7"/>
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        <currencyConditional curCd="AUD" exchangeRt="1.44341800"/>
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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>FASTPARTNER AB</name>
        <lei>549300BG6SL5QQ7LQW56</lei>
        <title>FASTPARTNER AB SER'A'NPV</title>
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          <ticker value="FPARA"/>
          <other otherDesc="SEDOL" value="BKTNZS2"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ANZ GROUP HOLDINGS LTD</name>
        <lei>9845005D9C6BAA10BK72</lei>
        <title>ANZ GROUP HOLDINGS LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000ANZ3"/>
          <ticker value="ANZ"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JAPAN LIFELINE CO LTD</name>
        <lei>353800QUW6LROZVA6765</lei>
        <title>JAPAN LIFELINE CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3754500001"/>
          <ticker value="7575"/>
          <other otherDesc="SEDOL" value="6093491"/>
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        <balance>6200.00000000</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>RIKEN KEIKI CO LTD</name>
        <lei>N/A</lei>
        <title>RIKEN KEIKI CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3971000009"/>
          <ticker value="7734"/>
          <other otherDesc="SEDOL" value="6739847"/>
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        <balance>11700.00000000</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>
      <invstOrSec>
        <name>NIPPON SHOKUBAI CO LTD</name>
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        <title>NIPPON SHOKUBAI CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3715200006"/>
          <ticker value="4114"/>
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        <balance>5600.00000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NITTO DENKO CORP</name>
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        <assetCat>EC</assetCat>
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        <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>JPMorgan Chase Bank, National Association</name>
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        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="CCTUSD__00217437"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>COMPUTERSHARE LTD</name>
        <lei>21380085HOKTMGLV9G93</lei>
        <title>COMPUTERSHARE LTD NPV</title>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-08-28</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>
