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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PhosAgro PJSC</name>
        <lei>25340053KRUNNYUWF472</lei>
        <title>PhosAgro PJSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="RU000A0JRKT8"/>
          <ticker value="PHOR"/>
          <other otherDesc="SEDOL" value="B3ZQM29"/>
        </identifiers>
        <balance>1918.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RUB" exchangeRt="79.10000000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bayer AG</name>
        <lei>549300J4U55H3WP1XT59</lei>
        <title>Bayer AG</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000BAY0017"/>
          <ticker value="BAYN"/>
          <other otherDesc="SEDOL" value="5069211"/>
        </identifiers>
        <balance>6516.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85092000"/>
        <valUSD>283407.56000000</valUSD>
        <pctVal>4.504993459699</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CNH Industrial NV</name>
        <lei>549300WGC2HZ5J67V817</lei>
        <title>CNH Industrial NV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0010545661"/>
          <ticker value="CNH"/>
        </identifiers>
        <balance>17940.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>165406.80000000</valUSD>
        <pctVal>2.629275493532</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FMC Corp</name>
        <lei>CKDHZ2X64EEBQCSP7013</lei>
        <title>FMC Corp</title>
        <cusip>302491303</cusip>
        <identifiers>
          <isin value="US3024913036"/>
          <ticker value="FMC"/>
        </identifiers>
        <balance>1798.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24938.26000000</valUSD>
        <pctVal>0.396413907223</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Evonik Industries AG</name>
        <lei>41GUOJQTALQHLF39XJ34</lei>
        <title>Evonik Industries AG</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000EVNK013"/>
          <ticker value="EVK"/>
          <other otherDesc="SEDOL" value="B5ZQ9D3"/>
        </identifiers>
        <balance>6703.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85092000"/>
        <valUSD>105241.48000000</valUSD>
        <pctVal>1.672898842533</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dyno Nobel Ltd</name>
        <lei>254900UW2F3BKV6Z9V18</lei>
        <title>Dyno Nobel Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000390544"/>
          <ticker value="DNL"/>
          <other otherDesc="SEDOL" value="BVBH523"/>
        </identifiers>
        <balance>25805.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.49846000"/>
        <valUSD>55279.45000000</valUSD>
        <pctVal>0.878711777151</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>K+S AG</name>
        <lei>529900YURAYD4IJX2J91</lei>
        <title>K+S AG</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000KSAG888"/>
          <ticker value="SDF"/>
          <other otherDesc="SEDOL" value="B54C017"/>
        </identifiers>
        <balance>2576.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85092000"/>
        <valUSD>37599.21000000</valUSD>
        <pctVal>0.597669995605</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BASF SE</name>
        <lei>529900PM64WH8AF1E917</lei>
        <title>BASF SE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000BASF111"/>
          <ticker value="BAS"/>
          <other otherDesc="SEDOL" value="5086577"/>
        </identifiers>
        <balance>11452.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85092000"/>
        <valUSD>597955.58000000</valUSD>
        <pctVal>9.504989835454</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nippon Soda Co Ltd</name>
        <lei>N/A</lei>
        <title>Nippon Soda Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3726200003"/>
          <ticker value="4041"/>
          <other otherDesc="SEDOL" value="6640585"/>
        </identifiers>
        <balance>800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.64000000"/>
        <valUSD>18488.25000000</valUSD>
        <pctVal>0.293885757074</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>Tata Chemicals Ltd</name>
        <lei>335800H6MURUA6FBOW17</lei>
        <title>Tata Chemicals Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE092A01019"/>
          <ticker value="TTCH"/>
          <other otherDesc="SEDOL" value="6101167"/>
        </identifiers>
        <balance>3670.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="89.87940000"/>
        <valUSD>31259.32000000</valUSD>
        <pctVal>0.496892292339</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wilmar International Ltd</name>
        <lei>549300H2EAI4YRLWBB20</lei>
        <title>Wilmar International Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1T56930848"/>
          <ticker value="WIL"/>
          <other otherDesc="SEDOL" value="B17KC69"/>
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        <balance>92100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.28540000"/>
        <valUSD>220684.61000000</valUSD>
        <pctVal>3.507961201551</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>Mosaic Co/The</name>
        <lei>2YD5STGSJNMUB7H76907</lei>
        <title>Mosaic Co/The</title>
        <cusip>61945C103</cusip>
        <identifiers>
          <isin value="US61945C1036"/>
          <ticker value="MOS"/>
        </identifiers>
        <balance>4569.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>110067.21000000</valUSD>
        <pctVal>1.749607742211</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ICL Group Ltd</name>
        <lei>529900FQVQD88SHIGM04</lei>
        <title>ICL Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0002810146"/>
          <ticker value="ICL"/>
          <other otherDesc="SEDOL" value="6455530"/>
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        <balance>18632.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.18455000"/>
        <valUSD>107068.69000000</valUSD>
        <pctVal>1.701943830251</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>Industries Qatar QSC</name>
        <lei>2763E5KI3B6J7HLSFX16</lei>
        <title>Industries Qatar QSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="QA000A0KD6K3"/>
          <ticker value="IQCD"/>
          <other otherDesc="SEDOL" value="6673570"/>
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        <balance>83584.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="QAR" exchangeRt="3.64100000"/>
        <valUSD>273869.02000000</valUSD>
        <pctVal>4.353370615499</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>QA</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>Tres Tentos Agroindustrial S/A</name>
        <lei>549300QQ67YECUJQIV31</lei>
        <title>Tres Tentos Agroindustrial S/A</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRTTENACNOR0"/>
          <ticker value="TTEN3"/>
          <other otherDesc="SEDOL" value="BL6P9D1"/>
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        <balance>7225.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.47975000"/>
        <valUSD>21755.10000000</valUSD>
        <pctVal>0.345814992426</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kubota Corp</name>
        <lei>549300CSY4INHEHQQT13</lei>
        <title>Kubota Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3266400005"/>
          <ticker value="6326"/>
          <other otherDesc="SEDOL" value="6497509"/>
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        <balance>16500.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.64000000"/>
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        <pctVal>3.711348441527</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>Bucher Industries AG</name>
        <lei>52990014AQ91A29HPB27</lei>
        <title>Bucher Industries AG</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0002432174"/>
          <ticker value="BUCN"/>
          <other otherDesc="SEDOL" value="B07ZBW6"/>
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        <balance>147.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.79210000"/>
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        <pctVal>1.087070114598</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>OCI NV</name>
        <lei>549300NCMRGIBJYUOE57</lei>
        <title>OCI NV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0010558797"/>
          <ticker value="OCI"/>
          <other otherDesc="SEDOL" value="BD4TZK8"/>
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        <balance>3040.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85092000"/>
        <valUSD>10932.17000000</valUSD>
        <pctVal>0.173775725496</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>
        <name>First Tractor Co Ltd</name>
        <lei>529900R2SRU8JPHKRZ93</lei>
        <title>First Tractor Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000320"/>
          <ticker value="38"/>
          <other otherDesc="SEDOL" value="6002895"/>
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        <balance>5948.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.78270000"/>
        <valUSD>6389.21000000</valUSD>
        <pctVal>0.101561684743</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UPL Ltd</name>
        <lei>335800RJSM1SLHO4UA95</lei>
        <title>UPL Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE628A01036"/>
          <ticker value="UPLL"/>
          <other otherDesc="SEDOL" value="B0L0W35"/>
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        <balance>12149.00000000</balance>
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        <currencyConditional curCd="INR" exchangeRt="89.87940000"/>
        <valUSD>107480.44000000</valUSD>
        <pctVal>1.708488931084</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Corteva Inc</name>
        <lei>549300WZN9I2QKLS0O94</lei>
        <title>Corteva Inc</title>
        <cusip>22052L104</cusip>
        <identifiers>
          <isin value="US22052L1044"/>
          <ticker value="CTVA"/>
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        <balance>8664.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>580747.92000000</valUSD>
        <pctVal>9.231460097021</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Toro Co/The</name>
        <lei>YJKE4YIT6BWQHVEW0D14</lei>
        <title>Toro Co/The</title>
        <cusip>891092108</cusip>
        <identifiers>
          <isin value="US8910921084"/>
          <ticker value="TTC"/>
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        <balance>1409.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>110916.48000000</valUSD>
        <pctVal>1.763107578968</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sumitomo Chemical India Ltd</name>
        <lei>335800L1XZBQ95MM4J51</lei>
        <title>Sumitomo Chemical India Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE258G01013"/>
          <ticker value="SUMICHE"/>
          <other otherDesc="SEDOL" value="BL1N1S9"/>
        </identifiers>
        <balance>7191.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="89.87940000"/>
        <valUSD>37683.40000000</valUSD>
        <pctVal>0.599008264067</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nissan Chemical Corp</name>
        <lei>3538002E4L1CUGJFFU25</lei>
        <title>Nissan Chemical Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3670800006"/>
          <ticker value="4021"/>
          <other otherDesc="SEDOL" value="6641588"/>
        </identifiers>
        <balance>2000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.64000000"/>
        <valUSD>68475.49000000</valUSD>
        <pctVal>1.088473555891</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>Orbia Advance Corp SAB de CV</name>
        <lei>549300MVHZ20SBIOEQ79</lei>
        <title>Orbia Advance Corp SAB de CV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MX01OR010004"/>
          <ticker value="ORBIA*"/>
          <other otherDesc="SEDOL" value="BH3T8K8"/>
        </identifiers>
        <balance>28318.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="18.00750000"/>
        <valUSD>24532.04000000</valUSD>
        <pctVal>0.389956710234</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chambal Fertilisers and Chemic</name>
        <lei>335800DFMF2OEJ7HWM17</lei>
        <title>Chambal Fertilisers and Chemicals Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE085A01013"/>
          <ticker value="CHMB"/>
          <other otherDesc="SEDOL" value="6099938"/>
        </identifiers>
        <balance>5772.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="89.87940000"/>
        <valUSD>30960.17000000</valUSD>
        <pctVal>0.492137060003</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CF Industries Holdings Inc</name>
        <lei>529900CG8YAQFZ2JMV97</lei>
        <title>CF Industries Holdings Inc</title>
        <cusip>125269100</cusip>
        <identifiers>
          <isin value="US1252691001"/>
          <ticker value="CF"/>
        </identifiers>
        <balance>2245.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>173628.30000000</valUSD>
        <pctVal>2.759962916722</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PI Industries Ltd</name>
        <lei>335800PEGP94E4CC1D11</lei>
        <title>PI Industries Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE603J01030"/>
          <ticker value="PI"/>
          <other otherDesc="SEDOL" value="B992PT3"/>
        </identifiers>
        <balance>2186.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="89.87940000"/>
        <valUSD>78757.82000000</valUSD>
        <pctVal>1.251919546536</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gubre Fabrikalari TAS</name>
        <lei>789000SGBEVHE90LX945</lei>
        <title>Gubre Fabrikalari TAS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TRAGUBRF91E2"/>
          <ticker value="GUBRF"/>
          <other otherDesc="SEDOL" value="B03MTC7"/>
        </identifiers>
        <balance>4808.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TRY" exchangeRt="42.92200000"/>
        <valUSD>38981.97000000</valUSD>
        <pctVal>0.619650089419</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Scotts Miracle-Gro Co/The</name>
        <lei>2TH9E0JTOUXOEGI2R879</lei>
        <title>Scotts Miracle-Gro Co/The</title>
        <cusip>810186106</cusip>
        <identifiers>
          <isin value="US8101861065"/>
          <ticker value="SMG"/>
        </identifiers>
        <balance>835.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>48722.25000000</valUSD>
        <pctVal>0.774479754851</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Taiwan Fertilizer Co Ltd</name>
        <lei>N/A</lei>
        <title>Taiwan Fertilizer Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0001722007"/>
          <ticker value="1722"/>
          <other otherDesc="SEDOL" value="6109439"/>
        </identifiers>
        <balance>14095.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.42050000"/>
        <valUSD>21442.72000000</valUSD>
        <pctVal>0.340849458490</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bunge Global SA</name>
        <lei>254900IVXSV9K0B7PO26</lei>
        <title>Bunge Global SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH1300646267"/>
          <ticker value="BG"/>
        </identifiers>
        <balance>2783.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>247909.64000000</valUSD>
        <pctVal>3.940725176126</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mahindra &amp; Mahindra Ltd</name>
        <lei>3358003B573EV4KB4Z02</lei>
        <title>Mahindra &amp; Mahindra Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE101A01026"/>
          <ticker value="MM"/>
          <other otherDesc="SEDOL" value="6100186"/>
        </identifiers>
        <balance>15149.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="89.87940000"/>
        <valUSD>625178.53000000</valUSD>
        <pctVal>9.937720746738</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lindsay Corp</name>
        <lei>549300ZFO0QG5H8TPI61</lei>
        <title>Lindsay Corp</title>
        <cusip>535555106</cusip>
        <identifiers>
          <isin value="US5355551061"/>
          <ticker value="LNN"/>
        </identifiers>
        <balance>152.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17916.24000000</valUSD>
        <pctVal>0.284793193316</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nutrien Ltd</name>
        <lei>5493002QQ7GD21OWF963</lei>
        <title>Nutrien Ltd</title>
        <cusip>67077M108</cusip>
        <identifiers>
          <isin value="CA67077M1086"/>
          <ticker value="NTR"/>
          <other otherDesc="SEDOL" value="BDRJLN0"/>
        </identifiers>
        <balance>4728.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.37255000"/>
        <valUSD>291833.57000000</valUSD>
        <pctVal>4.638931735521</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Petronas Chemicals Group Bhd</name>
        <lei>N/A</lei>
        <title>Petronas Chemicals Group Bhd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL5183OO008"/>
          <ticker value="PCHEM"/>
          <other otherDesc="SEDOL" value="B5KQGT3"/>
        </identifiers>
        <balance>115101.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.05800000"/>
        <valUSD>102961.22000000</valUSD>
        <pctVal>1.636652256921</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Coromandel International Ltd</name>
        <lei>335800U73K3HJSQKT249</lei>
        <title>Coromandel International Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE169A01031"/>
          <ticker value="CRIN"/>
          <other otherDesc="SEDOL" value="B0VDZN5"/>
        </identifiers>
        <balance>4249.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="89.87940000"/>
        <valUSD>107142.83000000</valUSD>
        <pctVal>1.703122345796</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alamo Group Inc</name>
        <lei>54930080C93RVZRSDV26</lei>
        <title>Alamo Group Inc</title>
        <cusip>011311107</cusip>
        <identifiers>
          <isin value="US0113111076"/>
          <ticker value="ALG"/>
        </identifiers>
        <balance>174.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>29209.38000000</valUSD>
        <pctVal>0.464306830283</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitsui Chemicals Inc</name>
        <lei>353800H2UB5ZEZRZQC02</lei>
        <title>Mitsui Chemicals Inc</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3888300005"/>
          <ticker value="4183"/>
          <other otherDesc="SEDOL" value="6597368"/>
        </identifiers>
        <balance>5800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.64000000"/>
        <valUSD>74129.21000000</valUSD>
        <pctVal>1.178344029434</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>SiteOne Landscape Supply Inc</name>
        <lei>5299008LX7SBD4HIAU03</lei>
        <title>SiteOne Landscape Supply Inc</title>
        <cusip>82982L103</cusip>
        <identifiers>
          <isin value="US82982L1035"/>
          <ticker value="SITE"/>
        </identifiers>
        <balance>641.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>79842.96000000</valUSD>
        <pctVal>1.269168728607</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dreyfus Government Cash Management</name>
        <lei>5493000Q69I5Q3QZIA91</lei>
        <title>Dreyfus Government Cash Management</title>
        <cusip>262006208</cusip>
        <identifiers>
          <isin value="US2620062081"/>
          <ticker value="MISXX"/>
        </identifiers>
        <balance>55254.38000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>55254.38000000</valUSD>
        <pctVal>0.878313269130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-02-24</ncom:dateSigned>
      <ncom:nameOfApplicant>First Trust Exchange-Traded Fund II</ncom:nameOfApplicant>
      <ncom:signature>Derek Maltbie</ncom:signature>
      <ncom:signerName>Derek Maltbie</ncom:signerName>
      <ncom:title>Treasurer, Chief Financial Officer and Chief Accounting Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
