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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </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>279.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87520000"/>
        <valUSD>13444.73000000</valUSD>
        <pctVal>0.257679804409</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DWS GROUP GMBH &amp; CO. KGAA</name>
        <lei>529900VM3464806ERS69</lei>
        <title>DWS GROUP GMBH &amp; CO. KGAA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000DWS1007"/>
          <ticker value="DWS"/>
          <other otherDesc="SEDOL" value="BFMHVQ6"/>
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        <balance>224.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87520000"/>
        <valUSD>16802.56000000</valUSD>
        <pctVal>0.322035501967</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EXOSENS SA</name>
        <lei>969500R3AKTPEDO9EG76</lei>
        <title>EXOSENS SA EUR0.425</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR001400Q9V2"/>
          <ticker value="EXENS"/>
          <other otherDesc="SEDOL" value="BQKMP24"/>
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        <balance>1565.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87520000"/>
        <valUSD>102104.09000000</valUSD>
        <pctVal>1.956912629748</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>ACCELLERON INDUSTRIES AG</name>
        <lei>254900KS0MD2PAARXD14</lei>
        <title>ACCELLERON INDUSTRIES AG CHF0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH1169360919"/>
          <ticker value="ACLN"/>
          <other otherDesc="SEDOL" value="BNM73Q6"/>
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        <balance>1373.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.80800000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BAWAG GROUP AG</name>
        <lei>529900S9YO2JHTIIDG38</lei>
        <title>BAWAG GROUP AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AT0000BAWAG2"/>
          <ticker value="BG"/>
          <other otherDesc="SEDOL" value="BZ1GZ06"/>
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        <balance>452.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87520000"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>QUILTER PLC</name>
        <lei>54930092XIVK28RZGM95</lei>
        <title>QUILTER PLC ORD GBP0.08167</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BNHSJN34"/>
          <ticker value="QLT"/>
          <other otherDesc="SEDOL" value="BNHSJN3"/>
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        <balance>3861.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75389000"/>
        <valUSD>9848.52000000</valUSD>
        <pctVal>0.188755349294</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>PUUILO OYJ</name>
        <lei>743700UJUT6FWHBXPR69</lei>
        <title>PUUILO OYJ NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FI4000507124"/>
          <ticker value="PUUILO"/>
          <other otherDesc="SEDOL" value="BL979V2"/>
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        <balance>284.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87520000"/>
        <valUSD>5827.97000000</valUSD>
        <pctVal>0.111698053415</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>HACKSAW AB</name>
        <lei>636700SMLZDCBPNPMJ36</lei>
        <title>HACKSAW AB NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0025138357"/>
          <ticker value="HACK"/>
          <other otherDesc="SEDOL" value="BV5F910"/>
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        <balance>1616.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.69635000"/>
        <valUSD>12999.53000000</valUSD>
        <pctVal>0.249147163818</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>SENTIA ASA</name>
        <lei>636700TZLHWHJV5B7Z64</lei>
        <title>SENTIA ASA NOK0.012</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0013573014"/>
          <ticker value="SNTIA"/>
          <other otherDesc="SEDOL" value="BTPHWK2"/>
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        <balance>842.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.89850000"/>
        <valUSD>6549.88000000</valUSD>
        <pctVal>0.125534078951</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>NEXA RESOURCES SA</name>
        <lei>549300QRMRHM7GAU7L47</lei>
        <title>NEXA RESOURCES SA COM</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="LU1701428291"/>
          <ticker value="NEXA"/>
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        <balance>444.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5434.56000000</valUSD>
        <pctVal>0.104158012682</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</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>NORDNET AB</name>
        <lei>549300D6WW5ZTWLZ4C08</lei>
        <title>NORDNET AB NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0015192067"/>
          <ticker value="SAVE"/>
          <other otherDesc="SEDOL" value="BNDLH43"/>
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        <balance>4873.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MAGNUM ICE CREAM COMPANY NV (THE)</name>
        <lei>25490052LLF3XH6G9847</lei>
        <title>MAGNUM ICE CREAM COMPANY NV (THE) ORD EUR3.50 (DI)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0015002MS2"/>
          <ticker value="MICC"/>
          <other otherDesc="SEDOL" value="BSNMGT9"/>
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        <balance>3421.00000000</balance>
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        <valUSD>59554.80000000</valUSD>
        <pctVal>1.141418921437</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AMER SPORTS INC</name>
        <lei>391200YCSWTRD1J21867</lei>
        <title>AMER SPORTS INC COM SHS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG0260P1028"/>
          <ticker value="AS"/>
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        <balance>1624.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>54956.16000000</valUSD>
        <pctVal>1.053282033917</pctVal>
        <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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ASCENDIS PHARMA A/S</name>
        <lei>549300B66JN3W3J8GH73</lei>
        <title>ASCENDIS PHARMA A/S ORD SHS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DK0060615755"/>
          <ticker value="ASND"/>
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        <balance>87.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23204.64000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ABERDEEN GROUP PLC</name>
        <lei>0TMBS544NMO7GLCE7H90</lei>
        <title>ABERDEEN GROUP PLC ORD GBP0.1396825396</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BF8Q6K64"/>
          <ticker value="ABDN"/>
          <other otherDesc="SEDOL" value="BF8Q6K6"/>
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        <balance>5143.00000000</balance>
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        <pctVal>0.311443106471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DIAGNOSTYKA SA</name>
        <lei>259400TB69IYA2WJEU71</lei>
        <title>DIAGNOSTYKA SA PLN1.00</title>
        <cusip>000000000</cusip>
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          <isin value="PLDGNST00012"/>
          <ticker value="DIA"/>
          <other otherDesc="SEDOL" value="BS9CHB2"/>
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        <balance>113.00000000</balance>
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        <valUSD>5217.74000000</valUSD>
        <pctVal>0.100002471054</pctVal>
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        <assetCat>EC</assetCat>
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        <invCountry>PL</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SILEX MICROSYSTEMS AB</name>
        <lei>549300Y2GKW0KQ2I5O12</lei>
        <title>SILEX MICROSYSTEMS AB NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0028000190"/>
          <ticker value="SILEX"/>
          <other otherDesc="SEDOL" value="BS2M418"/>
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        <balance>334.00000000</balance>
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        <pctVal>0.132763441104</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BIRKENSTOCK HOLDING PLC</name>
        <lei>529900CQ8LQKQ7LIT631</lei>
        <title>BIRKENSTOCK HOLDING PLC COM SHS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JE00BS44BN30"/>
          <ticker value="BIRK"/>
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        <balance>308.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13253.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SATS ASA</name>
        <lei>549300UWBMWYM7YQRF97</lei>
        <title>SATS ASA NOK2.125</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0010863285"/>
          <ticker value="SATS"/>
          <other otherDesc="SEDOL" value="BKV4GX5"/>
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        <balance>3348.00000000</balance>
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        <pctVal>0.272266173338</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>DR. ING. H.C. F. PORSCHE AG</name>
        <lei>529900EWEX125AULXI58</lei>
        <title>DR. ING. H.C. F. PORSCHE AG NON-VTG PRF NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000PAG9113"/>
          <ticker value="P911"/>
          <other otherDesc="SEDOL" value="BJN59B8"/>
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        <balance>1018.00000000</balance>
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        <valUSD>50609.21000000</valUSD>
        <pctVal>0.969969001541</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>AMBEA AB</name>
        <lei>549300AEVNZRHYI5HV24</lei>
        <title>AMBEA AB NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0009663826"/>
          <ticker value="AMBEA"/>
          <other otherDesc="SEDOL" value="BYXPJQ8"/>
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        <balance>898.00000000</balance>
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        <currencyConditional curCd="SEK" exchangeRt="9.69635000"/>
        <valUSD>13845.52000000</valUSD>
        <pctVal>0.265361289184</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>
        <name>DREYFUS GOVERNMENT CASH MANAGEMENT FUNDS</name>
        <lei>549300F7IDB6WRO7VJ11</lei>
        <title>DREYFUS GOVERNMENT CASH MANAGEMENT FUNDS SH BEN INT</title>
        <cusip>262006208</cusip>
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          <isin value="US2620062081"/>
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        <curCd>USD</curCd>
        <valUSD>762.63000000</valUSD>
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        <assetCat>STIV</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PEPCO GROUP NV</name>
        <lei>213800OVMJPFP79OB449</lei>
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          <isin value="NL0015000AU7"/>
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      <invstOrSec>
        <name>OVH GROUPE SA</name>
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        <cusip>000000000</cusip>
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          <isin value="FR0014005HJ9"/>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>DAIWA CAPITAL MARKETS AMERICA INC.</name>
        <lei>M67H5PRC0NQKM73ZAS82</lei>
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        <curCd>USD</curCd>
        <valUSD>188455.00000000</valUSD>
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        <assetCat>RA</assetCat>
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          <transCat>Repurchase</transCat>
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        <securityLending>
          <cashCollateralCondition cashCollateralVal="188455.00000000" isCashCollateral="Y"/>
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      <invstOrSec>
        <name>TELENOR ASA</name>
        <lei>549300IM1QSBY4SLPM26</lei>
        <title>TELENOR ASA ORD NOK6</title>
        <cusip>000000000</cusip>
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          <isin value="NO0010063308"/>
          <ticker value="TEL"/>
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        <assetCat>EC</assetCat>
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        <invCountry>NO</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KLARNA GROUP PLC</name>
        <lei>636700HER4JIK7GZUN17</lei>
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        <cusip>000000000</cusip>
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          <isin value="GB00BMHVL512"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ACAST AB</name>
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          <isin value="SE0015960935"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BIOMAR GROUP AS</name>
        <lei>213800O6S18WUKPWKU13</lei>
        <title>BIOMAR GROUP AS DKK2.5</title>
        <cusip>000000000</cusip>
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          <isin value="DK0064867972"/>
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        <assetCat>EC</assetCat>
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        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PFISTERER HOLDING AG</name>
        <lei>529900APPYG9TGZYS639</lei>
        <title>PFISTERER HOLDING AG NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE000PFSE212"/>
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          <other otherDesc="SEDOL" value="BQ81M33"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CMB.TECH NV</name>
        <lei>549300D80RYON74MEJ03</lei>
        <title>CMB.TECH NV NPV</title>
        <cusip>000000000</cusip>
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          <isin value="BE0003816338"/>
          <ticker value="CMBT"/>
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        <balance>1854.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25937.46000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>BE</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NORSK HYDRO ASA</name>
        <lei>549300N1SDN71ZZ8BO45</lei>
        <title>NORSK HYDRO ASA NOK1.098</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0005052605"/>
          <ticker value="NHY"/>
          <other otherDesc="SEDOL" value="B11HK39"/>
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        <assetCat>EC</assetCat>
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        <invCountry>NO</invCountry>
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      <invstOrSec>
        <name>VIKING HOLDINGS LTD</name>
        <lei>N/A</lei>
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          <isin value="BMG93A5A1010"/>
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        <balance>1995.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>NOBA BANK GROUP AB</name>
        <lei>21380057HUGFEAF25W84</lei>
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        <name>TKMS AG &amp; CO. KGAA</name>
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        <name>POLYPEPTIDE GROUP AG</name>
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        <name>VAR ENERGI ASA</name>
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        <name>APPLIED NUTRITION PLC</name>
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        <name>TELEFONAKTIEBOLAGET LM ERICSSON</name>
        <lei>549300W9JLPW15XIFM52</lei>
        <title>TELEFONAKTIEBOLAGET LM ERICSSON ADR B SEK 10</title>
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          <ticker value="ERIC"/>
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        <name>INTEA FASTIGHETER AB</name>
        <lei>549300KD3XGX3754UW61</lei>
        <title>INTEA FASTIGHETER AB NPV B</title>
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          <isin value="SE0017072259"/>
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        <name>AKER SOLUTIONS ASA</name>
        <lei>5967007LIEEXZXG42836</lei>
        <title>AKER SOLUTIONS ASA NOK1.08</title>
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        <name>HOCHTIEF AG</name>
        <lei>529900Y25S8NZIYTT924</lei>
        <title>HOCHTIEF AG NPV</title>
        <cusip>000000000</cusip>
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          <ticker value="HOT"/>
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        <name>BIOARCTIC AB</name>
        <lei>549300Y0OI2WVUNHLC33</lei>
        <title>BIOARCTIC AB SER'B'NPV</title>
        <cusip>000000000</cusip>
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          <ticker value="BIOAB"/>
          <other otherDesc="SEDOL" value="BDVP4H9"/>
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        <balance>198.00000000</balance>
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        <pctVal>0.128838273106</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NANOBIOTIX SA</name>
        <lei>969500667RSYIH8YL895</lei>
        <title>NANOBIOTIX SA EUR0.03</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0011341205"/>
          <ticker value="NANO"/>
          <other otherDesc="SEDOL" value="B8X9FN7"/>
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        <balance>738.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87520000"/>
        <valUSD>27067.87000000</valUSD>
        <pctVal>0.518778989787</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>VALTERRA PLATINUM LTD</name>
        <lei>529900RORCZ0E5S5FX81</lei>
        <title>VALTERRA PLATINUM LTD ZAR0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000013181"/>
          <ticker value="VALT"/>
          <other otherDesc="SEDOL" value="BV1D8Q6"/>
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        <balance>1186.00000000</balance>
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        <valUSD>79759.91000000</valUSD>
        <pctVal>1.528667218194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>ZA</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NVENT ELECTRIC PLC</name>
        <lei>N/A</lei>
        <title>NVENT ELECTRIC PLC SHS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IE00BDVJJQ56"/>
          <ticker value="NVT"/>
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        <balance>181.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30699.41000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BANCA GENERALI SPA</name>
        <lei>815600903231FA2E7698</lei>
        <title>BANCA GENERALI SPA EUR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0001031084"/>
          <ticker value="BGN"/>
          <other otherDesc="SEDOL" value="B1HKSV6"/>
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        <balance>653.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PRYSMIAN SPA</name>
        <lei>529900X0H1IO3RS1A464</lei>
        <title>PRYSMIAN SPA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0004176001"/>
          <ticker value="PRY"/>
          <other otherDesc="SEDOL" value="B1W4V69"/>
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        <balance>675.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87520000"/>
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        <pctVal>2.158869231316</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CANAL + SA</name>
        <lei>9695000537F9F73BXN18</lei>
        <title>CANAL + SA ORD EUR 0.25 (CDI)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR001400T0D6"/>
          <ticker value="CAN"/>
          <other otherDesc="SEDOL" value="BRS9F13"/>
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        <balance>3288.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75389000"/>
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        <pctVal>0.204292919824</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>
      <invstOrSec>
        <name>E.ON SE</name>
        <lei>Q9MAIUP40P25UFBFG033</lei>
        <title>E.ON SE NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000ENAG999"/>
          <ticker value="EOAN"/>
          <other otherDesc="SEDOL" value="4942904"/>
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        <balance>3690.00000000</balance>
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        <pctVal>1.456540722955</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AVOLTA AG</name>
        <lei>549300X53WDBVW7TIF57</lei>
        <title>AVOLTA AG CHF5 (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0023405456"/>
          <ticker value="AVOL"/>
          <other otherDesc="SEDOL" value="B0R80X9"/>
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        <balance>475.00000000</balance>
        <units>NS</units>
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        <pctVal>0.608421163902</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SWEDISH ORPHAN BIOVITRUM AB</name>
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        <title>SWEDISH ORPHAN BIOVITRUM AB NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0000872095"/>
          <ticker value="SOBI"/>
          <other otherDesc="SEDOL" value="B1CC9H0"/>
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        <balance>1198.00000000</balance>
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        <valUSD>57080.86000000</valUSD>
        <pctVal>1.094003735314</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GALDERMA GROUP AG</name>
        <lei>89450001OK6O8ELQ4584</lei>
        <title>GALDERMA GROUP AG CHF0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH1335392721"/>
          <ticker value="GALD"/>
          <other otherDesc="SEDOL" value="BRC2T72"/>
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        <balance>997.00000000</balance>
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        <pctVal>4.349044168982</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>IPSEN SA</name>
        <lei>549300M6SGDPB4Z94P11</lei>
        <title>IPSEN SA EUR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0010259150"/>
          <ticker value="IPN"/>
          <other otherDesc="SEDOL" value="B0R7JF1"/>
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        <balance>234.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87520000"/>
        <valUSD>45131.63000000</valUSD>
        <pctVal>0.864986473589</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>INNIO NV</name>
        <lei>2549000WCDQX6ZM7AW92</lei>
        <title>INNIO NV ORDINARY SHARES</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL00150745D9"/>
          <ticker value="INIO"/>
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        <balance>1048.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>41448.40000000</valUSD>
        <pctVal>0.794394205392</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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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>8467.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.87520000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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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>203.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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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"/>
          <other otherDesc="SEDOL" value="0718875"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

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      <invstOrSec>
        <name>SIEMENS ENERGY AG</name>
        <lei>5299005CHJZ14D4FDJ62</lei>
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        <cusip>000000000</cusip>
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          <isin value="DE000ENER6Y0"/>
          <ticker value="ENR"/>
          <other otherDesc="SEDOL" value="BMTVQK9"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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      <invstOrSec>
        <name>INFINEON TECHNOLOGIES AG</name>
        <lei>TSI2PJM6EPETEQ4X1U25</lei>
        <title>INFINEON TECHNOLOGIES AG ORD NPV (REGD)</title>
        <cusip>000000000</cusip>
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          <isin value="DE0006231004"/>
          <ticker value="IFX"/>
          <other otherDesc="SEDOL" value="5889505"/>
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        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
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      <invstOrSec>
        <name>TECHNOPROBE SPA</name>
        <lei>8156007154CD8334D053</lei>
        <title>TECHNOPROBE SPA NPV</title>
        <cusip>000000000</cusip>
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          <isin value="IT0005482333"/>
          <ticker value="TPRO"/>
          <other otherDesc="SEDOL" value="BN6PV62"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
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      <invstOrSec>
        <name>NAVIGATOR COMPANY SA (THE)</name>
        <lei>549300UNIB7M2AXUXS35</lei>
        <title>NAVIGATOR COMPANY SA (THE) NPV</title>
        <cusip>000000000</cusip>
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          <isin value="PTPTI0AM0006"/>
          <ticker value="NVG"/>
          <other otherDesc="SEDOL" value="7018556"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PT</invCountry>
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      <invstOrSec>
        <name>CRITICAL METALS CORP</name>
        <lei>984500158752F66VAE27</lei>
        <title>CRITICAL METALS CORP PUBCO ORD SHS</title>
        <cusip>000000000</cusip>
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          <isin value="VGG2662B1031"/>
          <ticker value="CRML"/>
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        <balance>492.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5043.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>VERISURE PLC</name>
        <lei>636700ZY9PP0NGXTA943</lei>
        <title>VERISURE PLC ORD EUR 0.001</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BVMN1558"/>
          <ticker value="VSURE"/>
          <other otherDesc="SEDOL" value="BVMN155"/>
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        <balance>867.00000000</balance>
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        <valUSD>9668.56000000</valUSD>
        <pctVal>0.185306261242</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>SCHAEFFLER AG</name>
        <lei>549300Q7E782X7GC1P43</lei>
        <title>SCHAEFFLER AG NPV (REG)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000SHA0100"/>
          <ticker value="SHA0"/>
          <other otherDesc="SEDOL" value="BV5F6V9"/>
        </identifiers>
        <balance>1056.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87520000"/>
        <valUSD>10231.81000000</valUSD>
        <pctVal>0.196101431531</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>BP PLC</name>
        <lei>213800LH1BZH3DI6G760</lei>
        <title>BP PLC SPONSORED ADR</title>
        <cusip>055622104</cusip>
        <identifiers>
          <isin value="US0556221044"/>
          <ticker value="BP"/>
        </identifiers>
        <balance>1902.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>70278.90000000</valUSD>
        <pctVal>1.346955513876</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>ZABKA GROUP SA</name>
        <lei>549300TU2RZ35E4ET914</lei>
        <title>ZABKA GROUP SA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="LU2910446546"/>
          <ticker value="ZAB"/>
          <other otherDesc="SEDOL" value="BRXWDB3"/>
        </identifiers>
        <balance>1681.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.76180000"/>
        <valUSD>12154.61000000</valUSD>
        <pctVal>0.232953545922</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ERMENEGILDO ZEGNA NV</name>
        <lei>8156003760472AA7E269</lei>
        <title>ERMENEGILDO ZEGNA NV ORD SHS USD0.0001</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0015000PB5"/>
          <ticker value="ZGN"/>
        </identifiers>
        <balance>900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11718.00000000</valUSD>
        <pctVal>0.224585540064</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="10546.20000000"/>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>581.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87520000"/>
        <valUSD>50186.93000000</valUSD>
        <pctVal>0.961875642447</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOTTOMATICA GROUP SPA</name>
        <lei>549300R72LKEGT4EX026</lei>
        <title>LOTTOMATICA GROUP SPA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0005541336"/>
          <ticker value="LTMC"/>
          <other otherDesc="SEDOL" value="BMXPBZ7"/>
        </identifiers>
        <balance>5906.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87520000"/>
        <valUSD>163980.58000000</valUSD>
        <pctVal>3.142828735220</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>APERAM SA</name>
        <lei>5493001136GE6L4R7M63</lei>
        <title>APERAM SA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="LU0569974404"/>
          <ticker value="APAM"/>
          <other otherDesc="SEDOL" value="B58C6H1"/>
        </identifiers>
        <balance>409.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87520000"/>
        <valUSD>19889.21000000</valUSD>
        <pctVal>0.381193801783</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GSK PLC</name>
        <lei>5493000HZTVUYLO1D793</lei>
        <title>GSK PLC SPONSORED ADR</title>
        <cusip>37733W204</cusip>
        <identifiers>
          <isin value="US37733W2044"/>
          <ticker value="GSK"/>
        </identifiers>
        <balance>1584.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>83033.28000000</valUSD>
        <pctVal>1.591404167271</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>SUNRISE COMMUNICATIONS AG</name>
        <lei>213800RS9HRGTWOGCO08</lei>
        <title>SUNRISE COMMUNICATIONS AG CHF0.1 A</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH1386220409"/>
          <ticker value="SUNN"/>
          <other otherDesc="SEDOL" value="BM9WB18"/>
        </identifiers>
        <balance>136.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.80800000"/>
        <valUSD>6766.34000000</valUSD>
        <pctVal>0.129682720870</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>THEON INTERNATIONAL PLC</name>
        <lei>2138002Y6CEIWHLN8775</lei>
        <title>THEON INTERNATIONAL PLC EUR0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CY0200751713"/>
          <ticker value="THEON"/>
          <other otherDesc="SEDOL" value="BQ7WV85"/>
        </identifiers>
        <balance>1318.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87520000"/>
        <valUSD>44937.29000000</valUSD>
        <pctVal>0.861261780479</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="40061.70018284"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TECHNIP ENERGIES NV</name>
        <lei>724500FLODI49NSCIP70</lei>
        <title>TECHNIP ENERGIES NV EUR0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0014559478"/>
          <ticker value="TE"/>
          <other otherDesc="SEDOL" value="BNC0116"/>
        </identifiers>
        <balance>299.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87520000"/>
        <valUSD>11314.99000000</valUSD>
        <pctVal>0.216861507080</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>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>M&amp;G PLC</name>
        <lei>254900TWUJUQ44TQJY84</lei>
        <title>M&amp;G PLC ORD GBP0.05</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BKFB1C65"/>
          <ticker value="MNG"/>
          <other otherDesc="SEDOL" value="BKFB1C6"/>
        </identifiers>
        <balance>13467.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75389000"/>
        <valUSD>60056.57000000</valUSD>
        <pctVal>1.151035774692</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>HIMALAYA SHIPPING LTD</name>
        <lei>984500D86FFE5EYE7988</lei>
        <title>HIMALAYA SHIPPING LTD USD1 (DR)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG4660A1036"/>
          <ticker value="HSHP"/>
          <other otherDesc="SEDOL" value="BN957G1"/>
        </identifiers>
        <balance>263.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.89850000"/>
        <valUSD>3485.94000000</valUSD>
        <pctVal>0.066811035802</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARM HOLDINGS PLC</name>
        <lei>2138001E66EELTE7Y904</lei>
        <title>ARM HOLDINGS PLC SPONSORED ADS</title>
        <cusip>042068205</cusip>
        <identifiers>
          <isin value="US0420682058"/>
          <ticker value="ARM"/>
        </identifiers>
        <balance>1355.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>480442.35000000</valUSD>
        <pctVal>9.208090514113</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>GH RESEARCH PLC</name>
        <lei>875500HKJS7QQG6EWH62</lei>
        <title>GH RESEARCH PLC ORDINARY SHARES</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IE000GID8VI0"/>
          <ticker value="GHRS"/>
        </identifiers>
        <balance>575.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15456.00000000</valUSD>
        <pctVal>0.296227522378</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOUIS HACHETTE GROUP SA</name>
        <lei>969500CV8XQ2XKU2DO25</lei>
        <title>LOUIS HACHETTE GROUP SA EUR0.2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR001400TL40"/>
          <ticker value="ALHG"/>
          <other otherDesc="SEDOL" value="BM8X1W3"/>
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        <balance>11087.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87520000"/>
        <valUSD>22130.93000000</valUSD>
        <pctVal>0.424158292043</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>MILDEF GROUP AB</name>
        <lei>9845009F7Q0D56B38270</lei>
        <title>MILDEF GROUP AB NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0016074249"/>
          <ticker value="MILDEF"/>
          <other otherDesc="SEDOL" value="BM8H426"/>
        </identifiers>
        <balance>527.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.69635000"/>
        <valUSD>10035.79000000</valUSD>
        <pctVal>0.192344539778</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GRANGES AB</name>
        <lei>5493006UG44TYSIXOB13</lei>
        <title>GRANGES AB NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0006288015"/>
          <ticker value="GRNG"/>
          <other otherDesc="SEDOL" value="BRJ3BP0"/>
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        <balance>655.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.69635000"/>
        <valUSD>11591.78000000</valUSD>
        <pctVal>0.222166425294</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BOLLORE SE</name>
        <lei>969500LEKCHH6VV86P94</lei>
        <title>BOLLORE SE EUR0.16</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000039299"/>
          <ticker value="BOL"/>
          <other otherDesc="SEDOL" value="4572709"/>
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        <balance>3140.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87520000"/>
        <valUSD>14551.92000000</valUSD>
        <pctVal>0.278900052241</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="8610.65813529"/>
        </securityLending>
      </invstOrSec>
      <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>2090.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.80800000"/>
        <valUSD>189134.65000000</valUSD>
        <pctVal>3.624928103351</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NOBLE CORP PLC</name>
        <lei>549300I3HBUNXO0OG954</lei>
        <title>NOBLE CORP PLC ORD SHS A</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BMXNWH07"/>
          <ticker value="NE"/>
        </identifiers>
        <balance>357.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13316.10000000</valUSD>
        <pctVal>0.255214499918</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>AJ BELL PLC</name>
        <lei>213800VNKA7DPWXWJJ36</lei>
        <title>AJ BELL PLC ORD GBP0.000125</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BFZNLB60"/>
          <ticker value="AJB"/>
          <other otherDesc="SEDOL" value="BFZNLB6"/>
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        <balance>1326.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75389000"/>
        <valUSD>10755.53000000</valUSD>
        <pctVal>0.206138975398</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>HOEGH AUTOLINERS ASA</name>
        <lei>549300D7GNMPKTA4HD46</lei>
        <title>HOEGH AUTOLINERS ASA NOK1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0011082075"/>
          <ticker value="HAUTO"/>
          <other otherDesc="SEDOL" value="BMFDP24"/>
        </identifiers>
        <balance>1279.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.89850000"/>
        <valUSD>18722.75000000</valUSD>
        <pctVal>0.358837593465</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VODAFONE GROUP PLC</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>VODAFONE GROUP PLC ORD USD0.2095238</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BH4HKS39"/>
          <ticker value="VOD"/>
          <other otherDesc="SEDOL" value="BH4HKS3"/>
        </identifiers>
        <balance>25735.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75389000"/>
        <valUSD>33999.73000000</valUSD>
        <pctVal>0.651634043700</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>HEADHUNTER GROUP PLC</name>
        <lei>549300IMUCFEWXP6RU11</lei>
        <title>HEADHUNTER GROUP PLC SPONSORED ADS</title>
        <cusip>42207L106</cusip>
        <identifiers>
          <isin value="US42207L1061"/>
          <ticker value="HHR"/>
        </identifiers>
        <balance>1795.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OPTIMA BANK SA</name>
        <lei>2138008NSD1X1XFUK750</lei>
        <title>OPTIMA BANK SA EUR1.15</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GRS533003000"/>
          <ticker value="OPTIMA"/>
          <other otherDesc="SEDOL" value="BL571C1"/>
        </identifiers>
        <balance>4576.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87520000"/>
        <valUSD>52285.19000000</valUSD>
        <pctVal>1.002090598523</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UCB SA</name>
        <lei>2138008J191VLSGY5A09</lei>
        <title>UCB SA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0003739530"/>
          <ticker value="UCB"/>
          <other otherDesc="SEDOL" value="5596991"/>
        </identifiers>
        <balance>326.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87520000"/>
        <valUSD>97591.41000000</valUSD>
        <pctVal>1.870423239499</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASMODEE GROUP AB</name>
        <lei>636700G5993BBAFDYD02</lei>
        <title>ASMODEE GROUP AB NPV B</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0023615638"/>
          <ticker value="ASMDEE"/>
          <other otherDesc="SEDOL" value="BSRKCQ8"/>
        </identifiers>
        <balance>1323.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.69635000"/>
        <valUSD>19361.28000000</valUSD>
        <pctVal>0.371075569647</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALLEIMA AB</name>
        <lei>529900EBHTYGLA6PGP77</lei>
        <title>ALLEIMA AB NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0017615644"/>
          <ticker value="ALLEI"/>
          <other otherDesc="SEDOL" value="BMQ4ZX7"/>
        </identifiers>
        <balance>1402.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.69635000"/>
        <valUSD>12825.18000000</valUSD>
        <pctVal>0.245805596238</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DOF GROUP ASA</name>
        <lei>213800GIV9N2A714T434</lei>
        <title>DOF GROUP ASA 8.125% SNR NTS USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0012851874"/>
          <ticker value="DOFG"/>
          <other otherDesc="SEDOL" value="BQWSKZ8"/>
        </identifiers>
        <balance>2752.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.89850000"/>
        <valUSD>31611.09000000</valUSD>
        <pctVal>0.605853705381</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SIRIUSPOINT LTD</name>
        <lei>549300OGXFI85N3YZZ51</lei>
        <title>SIRIUSPOINT LTD COM USD0.1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG8192H1060"/>
          <ticker value="SPNT"/>
        </identifiers>
        <balance>2102.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>50448.00000000</valUSD>
        <pctVal>0.966879273352</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RASPBERRY PI HOLDINGS PLC</name>
        <lei>984500F5FB0E4FEBED17</lei>
        <title>RASPBERRY PI HOLDINGS PLC ORD GBP0.0025</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BS3DYQ52"/>
          <ticker value="RPI"/>
          <other otherDesc="SEDOL" value="BS3DYQ5"/>
        </identifiers>
        <balance>2165.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75389000"/>
        <valUSD>23634.68000000</valUSD>
        <pctVal>0.452978953067</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>PHARVARIS NV</name>
        <lei>9845003BE146D3B75D32</lei>
        <title>PHARVARIS NV COM</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL00150005Y4"/>
          <ticker value="PHVS"/>
        </identifiers>
        <balance>428.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14800.24000000</valUSD>
        <pctVal>0.283659318439</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>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAREX GROUP PLC</name>
        <lei>549300DWX0SVICJAL507</lei>
        <title>MAREX GROUP PLC ORD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BMT7GT62"/>
          <ticker value="MRX"/>
        </identifiers>
        <balance>402.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24501.90000000</valUSD>
        <pctVal>0.469599969627</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>
    </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>2026-08-21</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>
