<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.sec.gov/edgar/nport eis_NPORT_Filer.xsd">
  <headerData>
    <submissionType>NPORT-P</submissionType>
    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0001378872</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>


      <seriesClassInfo>
        <seriesId>S000015280</seriesId>
        <classId>C000041900</classId>
      </seriesClassInfo>


    </filerInfo>
  </headerData>
  <formData>
    <genInfo>
      <regName>Invesco Exchange-Traded Fund Trust II</regName>
      <regFileNumber>811-21977</regFileNumber>
      <regCik>0001378872</regCik>
      <regLei>O540V2L4S174Y60FMD36</regLei>
      <regStreet1>3500 Lacey Road</regStreet1>
      <regStreet2>Suite 700</regStreet2>
      <regCity>Downers Grove</regCity>
      <regStateConditional regCountry="US" regState="US-IL"/>
      <regZipOrPostalCode>60515</regZipOrPostalCode>
      <regPhone>800-983-0903</regPhone>
      <seriesName>Invesco S&amp;P International Developed Quality ETF</seriesName>
      <seriesId>S000015280</seriesId>
      <seriesLei>549300X241A6TNW3KM56</seriesLei>
      <repPdEnd>2026-10-31</repPdEnd>
      <repPdDate>2026-04-30</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>770722188.84</totAssets>
      <totLiabs>29989723.41</totLiabs>
      <netAssets>740732465.43</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>0.00000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.00000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.00000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.00000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.00000000</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0.00000000</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0.00000000</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0.00000000</amtPayAftOneYrOther>
      <delayDeliv>0.00000000</delayDeliv>
      <standByCommit>0.00000000</standByCommit>
      <liquidPref>0.00000000</liquidPref>
      <cshNotRptdInCorD>0.00000000</cshNotRptdInCorD>
      <borrowers>
        <borrower aggrVal="445110.18000000" lei="549300BLWPABP1VNME36" name="Scotia Capital (USA) INC"/>
        <borrower aggrVal="1806991.88000000" lei="K9WDOH4D2PYBSLSOB484" name="Barclays Capital Securities Ltd."/>
        <borrower aggrVal="2282149.09000000" lei="6EWKU0FGVX5QQJHFGT48" name="BNP Paribas Financial Markets"/>
        <borrower aggrVal="525639.40000000" lei="XKZZ2JZF41MRHTR1V493" name="Citigroup Global Markets Limited"/>
        <borrower aggrVal="10447789.13000000" lei="9R7GPTSO7KV3UQJZQ078" name="Morgan Stanley &amp; Co. LLC"/>
        <borrower aggrVal="7593384.16000000" lei="RUC0QBLBRPRCU4W1NE59" name="BMO Capital Markets Corp"/>
        <borrower aggrVal="42231.21000000" lei="ZI8Q1A8EI8LQFJNM0D94" name="Pershing LLC"/>
        <borrower aggrVal="10969.00000000" lei="ZBUT11V806EZRVTWT807" name="J.P. Morgan Securities LLC"/>
        <borrower aggrVal="690874.56000000" lei="AC28XWWI3WIBK2824319" name="Barclays Capital Inc."/>
        <borrower aggrVal="155315.46000000" lei="MP6I5ZYZBEU3UXPYFY54" name="HSBC BANK PLC"/>
        <borrower aggrVal="97414.92000000" lei="571474TGEMMWANRLN572" name="STATE STREET BANK AND TRUST COMPANY"/>
        <borrower aggrVal="78352.43000000" lei="K6Q0W1PS1L1O4IQL9C32" name="JP Morgan Securities Plc."/>
        <borrower aggrVal="442682.89000000" lei="549300HN4UKV1E2R3U73" name="BOFA SECURITIES INC"/>
        <borrower aggrVal="932571.93000000" lei="W22LROWP2IHZNBB6K528" name="Goldman Sachs International"/>
        <borrower aggrVal="75853.95000000" lei="FOR8UP27PHTHYVLBNG30" name="Goldman, Sachs &amp; Co. LLC"/>
        <borrower aggrVal="391198.54000000" lei="SUVUFHICNZMP2WKHG940" name="TD Securities (USA) Inc."/>
        <borrower aggrVal="2363250.38000000" lei="S5THZMDUJCTQZBTRVI98" name="JEFFERIES INTERNATIONAL LTD"/>
      </borrowers>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000041900" rtn1="4.92183000" rtn2="-10.65259000" rtn3="10.20112600"/>
        </monthlyTotReturns>
        <monthlyReturnCats>
          <commodityContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </forwardCategory>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
            <swaptionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swaptionCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swapCategory>
            <warrantCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </warrantCategory>
            <otherCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </otherCategory>
          </commodityContracts>
          <creditContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </forwardCategory>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
            <swaptionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swaptionCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swapCategory>
            <warrantCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </warrantCategory>
            <otherCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </otherCategory>
          </creditContracts>
          <equityContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </forwardCategory>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
            <swaptionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swaptionCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swapCategory>
            <warrantCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </warrantCategory>
            <otherCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </otherCategory>
          </equityContracts>
          <foreignExchgContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </forwardCategory>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
            <swaptionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swaptionCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swapCategory>
            <warrantCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </warrantCategory>
            <otherCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </otherCategory>
          </foreignExchgContracts>
          <interestRtContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </forwardCategory>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
            <swaptionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swaptionCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swapCategory>
            <warrantCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </warrantCategory>
            <otherCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </otherCategory>
          </interestRtContracts>
          <otherContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <forwardCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </forwardCategory>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
            <swaptionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swaptionCategory>
            <swapCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </swapCategory>
            <warrantCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </warrantCategory>
            <otherCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </otherCategory>
          </otherContracts>
        </monthlyReturnCats>
        <othMon1 netRealizedGain="-65.02000000" netUnrealizedAppr="32037433.71000000"/>
        <othMon2 netRealizedGain="3311.29000000" netUnrealizedAppr="-79178516.39000000"/>
        <othMon3 netRealizedGain="-342246.79000000" netUnrealizedAppr="65573382.96000000"/>
      </returnInfo>
      <mon1Flow redemption="34451.95000000" reinvestment="0.00000000" sales="25032605.38000000"/>
      <mon2Flow redemption="17745.44000000" reinvestment="0.00000000" sales="30479406.27000000"/>
      <mon3Flow redemption="32494.76000000" reinvestment="0.00000000" sales="14384261.66000000"/>

    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>Bezeq - The Israel Telecommunication Corp. Ltd.</name>
        <lei>213800XCGZCFSWY9U863</lei>
        <title>Bezeq - The Israel Telecommunication Corp. Ltd.</title>
        <cusip>M2012Q100</cusip>
        <identifiers>
          <isin value="IL0002300114"/>
        </identifiers>
        <balance>293080.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.95215000"/>
        <valUSD>796112.66000000</valUSD>
        <pctVal>0.107476409790</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sankyo Co., Ltd.</name>
        <lei>3538009H2R9ZBZAOAK48</lei>
        <title>Sankyo Co., Ltd.</title>
        <cusip>J67844100</cusip>
        <identifiers>
          <isin value="JP3326410002"/>
        </identifiers>
        <balance>30284.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>357918.18000000</valUSD>
        <pctVal>0.048319494109</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sanwa Holdings Corp.</name>
        <lei>5299003X6BCA4ROO5A70</lei>
        <title>Sanwa Holdings Corp.</title>
        <cusip>J6858G104</cusip>
        <identifiers>
          <isin value="JP3344400001"/>
        </identifiers>
        <balance>24488.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>559569.19000000</valUSD>
        <pctVal>0.075542684587</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Israel Corp. Ltd.</name>
        <lei>213800VASRTF37M7LO42</lei>
        <title>Israel Corp. Ltd.</title>
        <cusip>M8785N109</cusip>
        <identifiers>
          <isin value="IL0005760173"/>
        </identifiers>
        <balance>1293.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.95215000"/>
        <valUSD>367135.30000000</valUSD>
        <pctVal>0.049563819210</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fresnillo PLC</name>
        <lei>549300JXWH1UV5J0XV81</lei>
        <title>Fresnillo PLC</title>
        <cusip>G371E2108</cusip>
        <identifiers>
          <isin value="GB00B2QPKJ12"/>
        </identifiers>
        <balance>21227.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73591600"/>
        <valUSD>936007.85000000</valUSD>
        <pctVal>0.126362471429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Unilever PLC</name>
        <lei>549300MKFYEKVRWML317</lei>
        <title>Unilever PLC</title>
        <cusip>G92087348</cusip>
        <identifiers>
          <isin value="GB00BVZK7T90"/>
        </identifiers>
        <balance>260348.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73591600"/>
        <valUSD>15161039.15000000</valUSD>
        <pctVal>2.046763151011</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BCE Inc.</name>
        <lei>5493001I9203PRB5KR45</lei>
        <title>BCE Inc.</title>
        <cusip>05534B760</cusip>
        <identifiers>
          <isin value="CA05534B7604"/>
        </identifiers>
        <balance>33958.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36110000"/>
        <valUSD>805351.73000000</valUSD>
        <pctVal>0.108723698175</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="35750.59000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Daito Trust Construction Co., Ltd.</name>
        <lei>353800QQ4DRI3KXS3038</lei>
        <title>Daito Trust Construction Co., Ltd.</title>
        <cusip>J11151107</cusip>
        <identifiers>
          <isin value="JP3486800000"/>
        </identifiers>
        <balance>32901.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>739334.50000000</valUSD>
        <pctVal>0.099811272558</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Computershare Ltd.</name>
        <lei>21380085HOKTMGLV9G93</lei>
        <title>Computershare Ltd.</title>
        <cusip>Q2721E105</cusip>
        <identifiers>
          <isin value="AU000000CPU5"/>
        </identifiers>
        <balance>63704.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.39091700"/>
        <valUSD>1397581.54000000</valUSD>
        <pctVal>0.188675615721</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bollore SE</name>
        <lei>969500LEKCHH6VV86P94</lei>
        <title>Bollore SE</title>
        <cusip>F10659260</cusip>
        <identifiers>
          <isin value="FR0000039299"/>
        </identifiers>
        <balance>75006.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>473387.09000000</valUSD>
        <pctVal>0.063907971108</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Denso Corp.</name>
        <lei>549300RYPA10CQM3QK38</lei>
        <title>Denso Corp.</title>
        <cusip>J12075107</cusip>
        <identifiers>
          <isin value="JP3551500006"/>
        </identifiers>
        <balance>219264.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>2617270.81000000</valUSD>
        <pctVal>0.353335506697</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ryanair Holdings PLC</name>
        <lei>635400BR2ROC1FVEBQ56</lei>
        <title>Ryanair Holdings PLC</title>
        <cusip>G7727C186</cusip>
        <identifiers>
          <isin value="IE00BYTBXV33"/>
        </identifiers>
        <balance>74974.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>1966102.42000000</valUSD>
        <pctVal>0.265426791960</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>3i Group PLC</name>
        <lei>35GDVHRBMFE7NWATNM84</lei>
        <title>3i Group PLC</title>
        <cusip>G88473148</cusip>
        <identifiers>
          <isin value="GB00B1YW4409"/>
        </identifiers>
        <balance>126908.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73591600"/>
        <valUSD>4407415.56000000</valUSD>
        <pctVal>0.595007747829</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Roche Holding AG</name>
        <lei>549300U41AUUVOAAOB37</lei>
        <title>Roche Holding AG</title>
        <cusip>H69293266</cusip>
        <identifiers>
          <isin value="CH1499059983"/>
        </identifiers>
        <balance>70451.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78205000"/>
        <valUSD>28683085.93000000</valUSD>
        <pctVal>3.872259860157</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Monotaro Co., Ltd.</name>
        <lei>5299005JUER5ANXWTC33</lei>
        <title>Monotaro Co., Ltd.</title>
        <cusip>J46583100</cusip>
        <identifiers>
          <isin value="JP3922950005"/>
        </identifiers>
        <balance>34338.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>407911.63000000</valUSD>
        <pctVal>0.055068685259</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="79082.35000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rolls-Royce Holdings PLC</name>
        <lei>213800EC7997ZBLZJH69</lei>
        <title>Rolls-Royce Holdings PLC</title>
        <cusip>G76225104</cusip>
        <identifiers>
          <isin value="GB00B63H8491"/>
        </identifiers>
        <balance>1224404.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73591600"/>
        <valUSD>19675070.66000000</valUSD>
        <pctVal>2.656164212888</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>International Consolidated Airlines Group, S.A.</name>
        <lei>959800TZHQRUSH1ESL13</lei>
        <title>International Consolidated Airlines Group, S.A.</title>
        <cusip>E67674106</cusip>
        <identifiers>
          <isin value="ES0177542018"/>
        </identifiers>
        <balance>329393.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73591600"/>
        <valUSD>1664132.09000000</valUSD>
        <pctVal>0.224660341981</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Netwealth Group Ltd.</name>
        <lei>N/A</lei>
        <title>Netwealth Group Ltd.</title>
        <cusip>Q6625S102</cusip>
        <identifiers>
          <isin value="AU000000NWL7"/>
        </identifiers>
        <balance>30566.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.39091700"/>
        <valUSD>524224.40000000</valUSD>
        <pctVal>0.070771084631</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Protector Forsikring ASA</name>
        <lei>5967007LIEEXZXAIO813</lei>
        <title>Protector Forsikring ASA</title>
        <cusip>R7049B138</cusip>
        <identifiers>
          <isin value="NO0010209331"/>
        </identifiers>
        <balance>8592.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.30260000"/>
        <valUSD>432844.19000000</valUSD>
        <pctVal>0.058434618462</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HD Hyundai Heavy Industries Co., Ltd.</name>
        <lei>988400CAR8W9URQLGF30</lei>
        <title>HD Hyundai Heavy Industries Co., Ltd.</title>
        <cusip>Y3838M122</cusip>
        <identifiers>
          <isin value="KR7329180004"/>
        </identifiers>
        <balance>4475.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1483.20000000"/>
        <valUSD>2083990.19000000</valUSD>
        <pctVal>0.281341818707</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sonova Holding AG</name>
        <lei>5299004A0QNX7FBNHS61</lei>
        <title>Sonova Holding AG, Class A</title>
        <cusip>H8024W106</cusip>
        <identifiers>
          <isin value="CH0012549785"/>
        </identifiers>
        <balance>5554.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78205000"/>
        <valUSD>1216392.57000000</valUSD>
        <pctVal>0.164214831503</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Telefonaktiebolaget LM Ericsson</name>
        <lei>549300W9JLPW15XIFM52</lei>
        <title>Telefonaktiebolaget LM Ericsson, Class B</title>
        <cusip>W26049119</cusip>
        <identifiers>
          <isin value="SE0000108656"/>
        </identifiers>
        <balance>426226.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.25190000"/>
        <valUSD>5073925.30000000</valUSD>
        <pctVal>0.684987567954</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chocoladefabriken Lindt &amp; Spruengli AG</name>
        <lei>529900JYJNNOKKAGK736</lei>
        <title>Chocoladefabriken Lindt &amp; Spruengli AG, PC</title>
        <cusip>H49983184</cusip>
        <identifiers>
          <isin value="CH0010570767"/>
        </identifiers>
        <balance>176.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78205000"/>
        <valUSD>2156921.10000000</valUSD>
        <pctVal>0.291187601551</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Strabag SE</name>
        <lei>529900TYYSRJH2VJSP60</lei>
        <title>Strabag SE, BR</title>
        <cusip>A8363A118</cusip>
        <identifiers>
          <isin value="AT000000STR1"/>
        </identifiers>
        <balance>3587.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>378358.63000000</valUSD>
        <pctVal>0.051078985687</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lundin Gold Inc.</name>
        <lei>549300ZOV16K515FC525</lei>
        <title>Lundin Gold Inc.</title>
        <cusip>550371108</cusip>
        <identifiers>
          <isin value="CA5503711080"/>
        </identifiers>
        <balance>21341.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36110000"/>
        <valUSD>1431356.91000000</valUSD>
        <pctVal>0.193235341611</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>Murata Manufacturing Co., Ltd.</name>
        <lei>529900QZG6DL8ZRI7140</lei>
        <title>Murata Manufacturing Co., Ltd.</title>
        <cusip>J46840104</cusip>
        <identifiers>
          <isin value="JP3914400001"/>
        </identifiers>
        <balance>169044.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>5600851.63000000</valUSD>
        <pctVal>0.756123417210</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>adidas AG</name>
        <lei>549300JSX0Z4CW0V5023</lei>
        <title>adidas AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A1EWWW0"/>
        </identifiers>
        <balance>18914.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>3271542.23000000</valUSD>
        <pctVal>0.441663135164</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LG CNS Co., Ltd.</name>
        <lei>N/A</lei>
        <title>LG CNS Co., Ltd.</title>
        <cusip>Y5S52J107</cusip>
        <identifiers>
          <isin value="KR7064400005"/>
        </identifiers>
        <balance>7541.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1483.20000000"/>
        <valUSD>335046.09000000</valUSD>
        <pctVal>0.045231727463</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sharp Corp.</name>
        <lei>353800YEPK9PD7QO3449</lei>
        <title>Sharp Corp.</title>
        <cusip>J71434112</cusip>
        <identifiers>
          <isin value="JP3359600008"/>
        </identifiers>
        <balance>64890.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>232286.90000000</valUSD>
        <pctVal>0.031359081833</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="224481.40000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cyberagent, Inc.</name>
        <lei>3538006T5KZABPGS8Q08</lei>
        <title>Cyberagent, Inc.</title>
        <cusip>J1046G108</cusip>
        <identifiers>
          <isin value="JP3311400000"/>
        </identifiers>
        <balance>47408.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>379304.81000000</valUSD>
        <pctVal>0.051206721414</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NC Corp.</name>
        <lei>N/A</lei>
        <title>NC Corp.</title>
        <cusip>Y6258Y104</cusip>
        <identifiers>
          <isin value="KR7036570000"/>
        </identifiers>
        <balance>2397.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1483.20000000"/>
        <valUSD>442558.55000000</valUSD>
        <pctVal>0.059746071713</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Seibu Holdings Inc.</name>
        <lei>353800JY9TYV9WTCN620</lei>
        <title>Seibu Holdings Inc.</title>
        <cusip>J7030Q119</cusip>
        <identifiers>
          <isin value="JP3417200007"/>
        </identifiers>
        <balance>42804.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>1006320.70000000</valUSD>
        <pctVal>0.135854812225</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DB Insurance Co., Ltd.</name>
        <lei>9884000ZF26VNJBWSJ91</lei>
        <title>DB Insurance Co., Ltd.</title>
        <cusip>Y2096K109</cusip>
        <identifiers>
          <isin value="KR7005830005"/>
        </identifiers>
        <balance>4506.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1483.20000000"/>
        <valUSD>512753.64000000</valUSD>
        <pctVal>0.069222514731</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Schindler Holding AG</name>
        <lei>5299007DRLI319H7Q933</lei>
        <title>Schindler Holding AG, PC</title>
        <cusip>H7258G209</cusip>
        <identifiers>
          <isin value="CH0024638196"/>
        </identifiers>
        <balance>4810.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78205000"/>
        <valUSD>1680160.10000000</valUSD>
        <pctVal>0.226824147504</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aristocrat Leisure Ltd.</name>
        <lei>529900TE2HO3OZKYKC27</lei>
        <title>Aristocrat Leisure Ltd.</title>
        <cusip>Q0521T108</cusip>
        <identifiers>
          <isin value="AU000000ALL7"/>
        </identifiers>
        <balance>75902.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.39091700"/>
        <valUSD>2607818.91000000</valUSD>
        <pctVal>0.352059485942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ferrovial N.V.</name>
        <lei>72450022R2ZFL41Y6I04</lei>
        <title>Ferrovial N.V.</title>
        <cusip>N3168P101</cusip>
        <identifiers>
          <isin value="NL0015001FS8"/>
        </identifiers>
        <balance>64862.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>4451898.75000000</valUSD>
        <pctVal>0.601013045569</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gmo Payment Gateway, Inc.</name>
        <lei>353800Q6U21E2PM83F86</lei>
        <title>Gmo Payment Gateway, Inc.</title>
        <cusip>J18229104</cusip>
        <identifiers>
          <isin value="JP3385890003"/>
        </identifiers>
        <balance>5234.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>262638.24000000</valUSD>
        <pctVal>0.035456558508</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="239111.76000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Admiral Group PLC</name>
        <lei>213800FGVM7Z9EJB2685</lei>
        <title>Admiral Group PLC</title>
        <cusip>G0110T106</cusip>
        <identifiers>
          <isin value="GB00B02J6398"/>
        </identifiers>
        <balance>54979.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73591600"/>
        <valUSD>2522565.46000000</valUSD>
        <pctVal>0.340550141613</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yancoal Australia Ltd.</name>
        <lei>3003003IC6G39HKQAD13</lei>
        <title>Yancoal Australia Ltd.</title>
        <cusip>Q9869P115</cusip>
        <identifiers>
          <isin value="AU000000YAL0"/>
        </identifiers>
        <balance>92886.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.39091700"/>
        <valUSD>510376.19000000</valUSD>
        <pctVal>0.068901555395</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SK Biopharmaceuticals Co., Ltd.</name>
        <lei>9845004573839986EA59</lei>
        <title>SK Biopharmaceuticals Co., Ltd.</title>
        <cusip>Y806MN108</cusip>
        <identifiers>
          <isin value="KR7326030004"/>
        </identifiers>
        <balance>3575.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1483.20000000"/>
        <valUSD>244111.86000000</valUSD>
        <pctVal>0.032955469267</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Baycurrent Inc.</name>
        <lei>N/A</lei>
        <title>Baycurrent Inc.</title>
        <cusip>J0433F103</cusip>
        <identifiers>
          <isin value="JP3835250006"/>
        </identifiers>
        <balance>19173.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>616857.35000000</valUSD>
        <pctVal>0.083276672589</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kuehne + Nagel International AG</name>
        <lei>529900Q0YED3805QXQ66</lei>
        <title>Kuehne + Nagel International AG, Class R</title>
        <cusip>H4673L145</cusip>
        <identifiers>
          <isin value="CH0025238863"/>
        </identifiers>
        <balance>5829.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78205000"/>
        <valUSD>1367813.76000000</valUSD>
        <pctVal>0.184656920526</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1325987.08000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kone OYJ</name>
        <lei>2138001CNF45JP5XZK38</lei>
        <title>Kone OYJ, Class B</title>
        <cusip>X4551T105</cusip>
        <identifiers>
          <isin value="FI0009013403"/>
        </identifiers>
        <balance>56392.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>3587821.81000000</valUSD>
        <pctVal>0.484361355474</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Posco DX Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Posco DX Co. Ltd.</title>
        <cusip>Y7075C101</cusip>
        <identifiers>
          <isin value="KR7022100002"/>
        </identifiers>
        <balance>17573.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1483.20000000"/>
        <valUSD>416119.68000000</valUSD>
        <pctVal>0.056176784388</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Santen Pharmaceutical Co., Ltd.</name>
        <lei>529900TPT3I7C17MIM03</lei>
        <title>Santen Pharmaceutical Co., Ltd.</title>
        <cusip>J68467109</cusip>
        <identifiers>
          <isin value="JP3336000009"/>
        </identifiers>
        <balance>39197.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>403557.17000000</valUSD>
        <pctVal>0.054480826591</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kinross Gold Corp.</name>
        <lei>254900O9KHF2A1ZXPT47</lei>
        <title>Kinross Gold Corp.</title>
        <cusip>496902404</cusip>
        <identifiers>
          <isin value="CA4969024047"/>
        </identifiers>
        <balance>136997.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36110000"/>
        <valUSD>4141816.58000000</valUSD>
        <pctVal>0.559151484955</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>Geberit AG</name>
        <lei>52990093Z5OHD6T7BS47</lei>
        <title>Geberit AG</title>
        <cusip>H2942E124</cusip>
        <identifiers>
          <isin value="CH0030170408"/>
        </identifiers>
        <balance>5423.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78205000"/>
        <valUSD>3661372.97000000</valUSD>
        <pctVal>0.494290873004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Medibank Private Ltd.</name>
        <lei>BDYVSUPTML83OLINBJ17</lei>
        <title>Medibank Private Ltd.</title>
        <cusip>Q5921Q109</cusip>
        <identifiers>
          <isin value="AU000000MPL3"/>
        </identifiers>
        <balance>343082.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.39091700"/>
        <valUSD>1164972.75000000</valUSD>
        <pctVal>0.157273078252</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wallenius Wilhelmsen ASA</name>
        <lei>549300NBN0URT3RA3Y54</lei>
        <title>Wallenius Wilhelmsen ASA</title>
        <cusip>R9820L103</cusip>
        <identifiers>
          <isin value="NO0010571680"/>
        </identifiers>
        <balance>31200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.30260000"/>
        <valUSD>399800.31000000</valUSD>
        <pctVal>0.053973644825</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Samsung C&amp;T Corp.</name>
        <lei>988400GFRE4IDFPE9E64</lei>
        <title>Samsung C&amp;T Corp.</title>
        <cusip>Y7T71K106</cusip>
        <identifiers>
          <isin value="KR7028260008"/>
        </identifiers>
        <balance>8380.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1483.20000000"/>
        <valUSD>1712071.82000000</valUSD>
        <pctVal>0.231132277833</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IHI Corp.</name>
        <lei>549300ETQIESIUQ2OE26</lei>
        <title>IHI Corp.</title>
        <cusip>J2398N113</cusip>
        <identifiers>
          <isin value="JP3134800006"/>
        </identifiers>
        <balance>102439.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>1869315.59000000</valUSD>
        <pctVal>0.252360423937</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Oddity Tech Ltd.</name>
        <lei>254900QH12XZS53G0V57</lei>
        <title>Oddity Tech Ltd.</title>
        <cusip>M7518J104</cusip>
        <identifiers>
          <isin value="IL0011974909"/>
        </identifiers>
        <balance>6666.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>95457.12000000</valUSD>
        <pctVal>0.012886855167</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="101855.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hermes International</name>
        <lei>969500Y4IJGHJE2MTJ13</lei>
        <title>Hermes International</title>
        <cusip>F48051100</cusip>
        <identifiers>
          <isin value="FR0000052292"/>
        </identifiers>
        <balance>3965.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>7581575.61000000</valUSD>
        <pctVal>1.023524141823</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Daifuku Co., Ltd.</name>
        <lei>3538006FG1W4X3MYHL36</lei>
        <title>Daifuku Co., Ltd.</title>
        <cusip>J08988107</cusip>
        <identifiers>
          <isin value="JP3497400006"/>
        </identifiers>
        <balance>50177.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>2191721.81000000</valUSD>
        <pctVal>0.295885749887</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HD Korea Shipbuilding &amp; Offshore Engineering Co., Ltd.</name>
        <lei>988400DPTJ9KH5R6W540</lei>
        <title>HD Korea Shipbuilding &amp; Offshore Engineering Co., Ltd.</title>
        <cusip>Y3R40X107</cusip>
        <identifiers>
          <isin value="KR7009540006"/>
        </identifiers>
        <balance>5071.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1483.20000000"/>
        <valUSD>1587870.50000000</valUSD>
        <pctVal>0.214364912313</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sampo OYJ</name>
        <lei>743700UF3RL386WIDA22</lei>
        <title>Sampo OYJ</title>
        <cusip>X75653232</cusip>
        <identifiers>
          <isin value="FI4000552500"/>
        </identifiers>
        <balance>296581.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>3080270.95000000</valUSD>
        <pctVal>0.415841223890</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kinden Corp.</name>
        <lei>35380008T6JUN5TU9T34</lei>
        <title>Kinden Corp.</title>
        <cusip>J33093105</cusip>
        <identifiers>
          <isin value="JP3263000006"/>
        </identifiers>
        <balance>11877.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>635772.46000000</valUSD>
        <pctVal>0.085830240967</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Intertek Group PLC</name>
        <lei>2138003GAT25WW1RN369</lei>
        <title>Intertek Group PLC</title>
        <cusip>G4911B108</cusip>
        <identifiers>
          <isin value="GB0031638363"/>
        </identifiers>
        <balance>20459.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73591600"/>
        <valUSD>1316090.79000000</valUSD>
        <pctVal>0.177674241567</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Suncor Energy Inc.</name>
        <lei>894500XO86FKXQGPYV71</lei>
        <title>Suncor Energy Inc.</title>
        <cusip>867224107</cusip>
        <identifiers>
          <isin value="CA8672241079"/>
        </identifiers>
        <balance>123787.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36110000"/>
        <valUSD>8465280.99000000</valUSD>
        <pctVal>1.142825700921</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>Reckitt Benckiser Group PLC</name>
        <lei>5493003JFSMOJG48V108</lei>
        <title>Reckitt Benckiser Group PLC</title>
        <cusip>G7S0C8107</cusip>
        <identifiers>
          <isin value="GB00BSZBP530"/>
        </identifiers>
        <balance>67367.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73591600"/>
        <valUSD>4280486.94000000</valUSD>
        <pctVal>0.577872192697</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Insurance Australia Group Ltd.</name>
        <lei>549300PFEWKNHRG25N08</lei>
        <title>Insurance Australia Group Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000IAG3"/>
        </identifiers>
        <balance>243293.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.39091700"/>
        <valUSD>1321214.57000000</valUSD>
        <pctVal>0.178365959595</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Atlas Copco AB</name>
        <lei>213800T8PC8Q4FYJZR07</lei>
        <title>Atlas Copco AB, Class A</title>
        <cusip>W1R924252</cusip>
        <identifiers>
          <isin value="SE0017486889"/>
        </identifiers>
        <balance>240651.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.25190000"/>
        <valUSD>4615172.83000000</valUSD>
        <pctVal>0.623055292617</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hoya Corp.</name>
        <lei>353800X4VR3BHEUCJB42</lei>
        <title>Hoya Corp.</title>
        <cusip>J22848105</cusip>
        <identifiers>
          <isin value="JP3837800006"/>
        </identifiers>
        <balance>40192.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>7498422.41000000</valUSD>
        <pctVal>1.012298334412</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASML Holding N.V.</name>
        <lei>724500Y6DUVHQD6OXN27</lei>
        <title>ASML Holding N.V.</title>
        <cusip>N07059202</cusip>
        <identifiers>
          <isin value="NL0010273215"/>
        </identifiers>
        <balance>29929.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>43241666.52000000</valUSD>
        <pctVal>5.837690196945</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Logitech International S.A.</name>
        <lei>549300SN6PRK6IJJC215</lei>
        <title>Logitech International S.A., Class R</title>
        <cusip>H50430232</cusip>
        <identifiers>
          <isin value="CH0025751329"/>
        </identifiers>
        <balance>21378.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78205000"/>
        <valUSD>2108386.71000000</valUSD>
        <pctVal>0.284635385702</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AtkinsRealis Group Inc.</name>
        <lei>UL01OYG5OMLM5G6CFM03</lei>
        <title>AtkinsRealis Group Inc.</title>
        <cusip>04764T104</cusip>
        <identifiers>
          <isin value="CA04764T1049"/>
        </identifiers>
        <balance>27355.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36110000"/>
        <valUSD>1883758.83000000</valUSD>
        <pctVal>0.254310283120</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>Prudential PLC</name>
        <lei>5493001Z3ZE83NGK8Y12</lei>
        <title>Prudential PLC</title>
        <cusip>G72899100</cusip>
        <identifiers>
          <isin value="GB0007099541"/>
        </identifiers>
        <balance>279582.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73591600"/>
        <valUSD>4207293.93000000</valUSD>
        <pctVal>0.567991025958</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Givaudan S.A.</name>
        <lei>213800SVRMQA1TD91D41</lei>
        <title>Givaudan S.A.</title>
        <cusip>H3238Q102</cusip>
        <identifiers>
          <isin value="CH0010645932"/>
        </identifiers>
        <balance>882.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78205000"/>
        <valUSD>3142449.33000000</valUSD>
        <pctVal>0.424235398967</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Check Point Software Technologies Ltd.</name>
        <lei>2549003ZVBH73EPNS513</lei>
        <title>Check Point Software Technologies Ltd.</title>
        <cusip>M22465104</cusip>
        <identifiers>
          <isin value="IL0010824113"/>
        </identifiers>
        <balance>11646.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1309825.62000000</valUSD>
        <pctVal>0.176828434168</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fujikura Ltd.</name>
        <lei>353800PSDZ8VRCKVPL51</lei>
        <title>Fujikura Ltd.</title>
        <cusip>J14784128</cusip>
        <identifiers>
          <isin value="JP3811000003"/>
        </identifiers>
        <balance>214776.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>8278770.22000000</valUSD>
        <pctVal>1.117646465676</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Strauss Group Ltd.</name>
        <lei>254900GBA9EK5FGVQA80</lei>
        <title>Strauss Group Ltd.</title>
        <cusip>M8553H110</cusip>
        <identifiers>
          <isin value="IL0007460160"/>
        </identifiers>
        <balance>10063.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.95215000"/>
        <valUSD>435283.69000000</valUSD>
        <pctVal>0.058763954641</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Novartis AG</name>
        <lei>5493007HIVTX6SY6XD66</lei>
        <title>Novartis AG</title>
        <cusip>H5820Q150</cusip>
        <identifiers>
          <isin value="CH0012005267"/>
        </identifiers>
        <balance>200180.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78205000"/>
        <valUSD>29558055.34000000</valUSD>
        <pctVal>3.990382050129</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yokogawa Electric Corp.</name>
        <lei>529900MV0U7C9WWF4L22</lei>
        <title>Yokogawa Electric Corp.</title>
        <cusip>J97272124</cusip>
        <identifiers>
          <isin value="JP3955000009"/>
        </identifiers>
        <balance>25692.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>893681.20000000</valUSD>
        <pctVal>0.120648309843</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Endesa S.A.</name>
        <lei>549300LHK07F2CHV4X31</lei>
        <title>Endesa S.A.</title>
        <cusip>E41222113</cusip>
        <identifiers>
          <isin value="ES0130670112"/>
        </identifiers>
        <balance>35501.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>1591360.29000000</valUSD>
        <pctVal>0.214836039227</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>USS Co., Ltd.</name>
        <lei>5299000RRQD6UZXG4W72</lei>
        <title>USS Co., Ltd.</title>
        <cusip>J9446Z105</cusip>
        <identifiers>
          <isin value="JP3944130008"/>
        </identifiers>
        <balance>48058.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>518549.71000000</valUSD>
        <pctVal>0.070004992922</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Smc Corp.</name>
        <lei>353800O40V08DOZ70X62</lei>
        <title>Smc Corp.</title>
        <cusip>J75734103</cusip>
        <identifiers>
          <isin value="JP3162600005"/>
        </identifiers>
        <balance>6172.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>3032126.10000000</valUSD>
        <pctVal>0.409341596529</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Brookfield Asset Management Ltd.</name>
        <lei>549300CZ84WPNJZKY093</lei>
        <title>Brookfield Asset Management Ltd., Class A</title>
        <cusip>113004105</cusip>
        <identifiers>
          <isin value="CA1130041058"/>
        </identifiers>
        <balance>54589.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36110000"/>
        <valUSD>2617352.24000000</valUSD>
        <pctVal>0.353346499870</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>GSK PLC</name>
        <lei>5493000HZTVUYLO1D793</lei>
        <title>GSK PLC</title>
        <cusip>G3910J179</cusip>
        <identifiers>
          <isin value="GB00BN7SWP63"/>
        </identifiers>
        <balance>565325.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73591600"/>
        <valUSD>14800707.15000000</valUSD>
        <pctVal>1.998117787561</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Brambles Ltd.</name>
        <lei>N/A</lei>
        <title>Brambles Ltd.</title>
        <cusip>Q6634U106</cusip>
        <identifiers>
          <isin value="AU000000BXB1"/>
        </identifiers>
        <balance>147359.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.39091700"/>
        <valUSD>2408762.08000000</valUSD>
        <pctVal>0.325186513676</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banco Comercial Portugues, S.A.</name>
        <lei>JU1U6S0DG9YLT7N8ZV32</lei>
        <title>Banco Comercial Portugues, S.A., Class R</title>
        <cusip>X03188319</cusip>
        <identifiers>
          <isin value="PTBCP0AM0015"/>
        </identifiers>
        <balance>912390.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>974739.15000000</valUSD>
        <pctVal>0.131591255344</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hanmi Semiconductor Co., Ltd.</name>
        <lei>N/A</lei>
        <title>Hanmi Semiconductor Co., Ltd.</title>
        <cusip>Y3R62P107</cusip>
        <identifiers>
          <isin value="KR7042700005"/>
        </identifiers>
        <balance>6388.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1483.20000000"/>
        <valUSD>1618396.86000000</valUSD>
        <pctVal>0.218486016953</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Singapore Exchange Ltd.</name>
        <lei>549300IQ650PPXM76X03</lei>
        <title>Singapore Exchange Ltd.</title>
        <cusip>Y79946102</cusip>
        <identifiers>
          <isin value="SG1J26887955"/>
        </identifiers>
        <balance>119177.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27355000"/>
        <valUSD>2036577.39000000</valUSD>
        <pctVal>0.274941019200</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sectra AB</name>
        <lei>549300R9ZBT8YSFFK266</lei>
        <title>Sectra AB, Class B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0022419784"/>
        </identifiers>
        <balance>20552.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.25190000"/>
        <valUSD>570682.31000000</valUSD>
        <pctVal>0.077042972548</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="534559.50000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sanrio Co., Ltd.</name>
        <lei>3538002Q5JQLOMSPH125</lei>
        <title>Sanrio Co., Ltd.</title>
        <cusip>J68209105</cusip>
        <identifiers>
          <isin value="JP3343200006"/>
        </identifiers>
        <balance>172695.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>1005436.16000000</valUSD>
        <pctVal>0.135735397991</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="977021.01000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JX Advanced Metals Corp.</name>
        <lei>353800NC6NPNKC4JEC58</lei>
        <title>JX Advanced Metals Corp.</title>
        <cusip>J2969E104</cusip>
        <identifiers>
          <isin value="JP3379550001"/>
        </identifiers>
        <balance>58366.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>1809033.66000000</valUSD>
        <pctVal>0.244222272470</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="113860.29000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Samyangfoods Co., Ltd.</name>
        <lei>N/A</lei>
        <title>Samyangfoods Co., Ltd.</title>
        <cusip>Y7498J105</cusip>
        <identifiers>
          <isin value="KR7003230000"/>
        </identifiers>
        <balance>520.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1483.20000000"/>
        <valUSD>472122.88000000</valUSD>
        <pctVal>0.063737300852</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASICS Corp.</name>
        <lei>3538002LJMRZ83SU0B85</lei>
        <title>ASICS Corp.</title>
        <cusip>J03234150</cusip>
        <identifiers>
          <isin value="JP3118000003"/>
        </identifiers>
        <balance>102379.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>2904537.52000000</valUSD>
        <pctVal>0.392116945800</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wise PLC</name>
        <lei>213800LD9XCHIC1C4V71</lei>
        <title>Wise PLC, Class A</title>
        <cusip>G97229101</cusip>
        <identifiers>
          <isin value="GB00BL9YR756"/>
        </identifiers>
        <balance>99876.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73591600"/>
        <valUSD>1426366.28000000</valUSD>
        <pctVal>0.192561599034</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chow Tai Fook Jewellery Group Ltd.</name>
        <lei>254900VXRL7SRSF44G79</lei>
        <title>Chow Tai Fook Jewellery Group Ltd.</title>
        <cusip>G21146108</cusip>
        <identifiers>
          <isin value="KYG211461085"/>
        </identifiers>
        <balance>317307.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83375000"/>
        <valUSD>434906.49000000</valUSD>
        <pctVal>0.058713032072</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="426088.45000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Techtronic Industries Co. Ltd.</name>
        <lei>549300HZW2SBE758OK89</lei>
        <title>Techtronic Industries Co. Ltd.</title>
        <cusip>Y8563B159</cusip>
        <identifiers>
          <isin value="HK0669013440"/>
        </identifiers>
        <balance>172898.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83375000"/>
        <valUSD>2506569.08000000</valUSD>
        <pctVal>0.338390606188</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rio Tinto PLC</name>
        <lei>213800YOEO5OQ72G2R82</lei>
        <title>Rio Tinto PLC</title>
        <cusip>G75754104</cusip>
        <identifiers>
          <isin value="GB0007188757"/>
        </identifiers>
        <balance>99886.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73591600"/>
        <valUSD>10048129.76000000</valUSD>
        <pctVal>1.356512672111</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yamaha Corp.</name>
        <lei>529900S5TENP3IJS7S02</lei>
        <title>Yamaha Corp.</title>
        <cusip>J95732103</cusip>
        <identifiers>
          <isin value="JP3942600002"/>
        </identifiers>
        <balance>49610.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>353702.54000000</valUSD>
        <pctVal>0.047750376351</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hyundai Rotem Co.</name>
        <lei>988400HB939UNHXTFY36</lei>
        <title>Hyundai Rotem Co.</title>
        <cusip>Y3R36Z108</cusip>
        <identifiers>
          <isin value="KR7064350002"/>
        </identifiers>
        <balance>8524.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1483.20000000"/>
        <valUSD>1559852.05000000</valUSD>
        <pctVal>0.210582379306</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Plus500 Ltd.</name>
        <lei>549300X8NGW9C5OJZU13</lei>
        <title>Plus500 Ltd.</title>
        <cusip>M7S2CK109</cusip>
        <identifiers>
          <isin value="IL0011284465"/>
        </identifiers>
        <balance>13125.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73591600"/>
        <valUSD>796147.45000000</valUSD>
        <pctVal>0.107481106493</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Trend Micro Inc.</name>
        <lei>3538005O5UJ5RNAGVE16</lei>
        <title>Trend Micro Inc.</title>
        <cusip>J9298Q104</cusip>
        <identifiers>
          <isin value="JP3637300009"/>
        </identifiers>
        <balance>21821.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>758817.93000000</valUSD>
        <pctVal>0.102441564993</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tbs Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Tbs Holdings, Inc.</title>
        <cusip>J86656105</cusip>
        <identifiers>
          <isin value="JP3588600001"/>
        </identifiers>
        <balance>9308.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>328908.22000000</valUSD>
        <pctVal>0.044403105756</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nomura Research Institute, Ltd.</name>
        <lei>5299005F1HCVF4M4QN79</lei>
        <title>Nomura Research Institute, Ltd.</title>
        <cusip>J5900F106</cusip>
        <identifiers>
          <isin value="JP3762800005"/>
        </identifiers>
        <balance>47756.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>1287689.30000000</valUSD>
        <pctVal>0.173839997582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Futu Holdings Ltd.</name>
        <lei>213800X4W4ZRESFPTQ37</lei>
        <title>Futu Holdings Ltd., ADR</title>
        <cusip>36118L106</cusip>
        <identifiers>
          <isin value="US36118L1061"/>
        </identifiers>
        <balance>7463.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1153108.13000000</valUSD>
        <pctVal>0.155671336658</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NS Solutions Corp.</name>
        <lei>N/A</lei>
        <title>NS Solutions Corp.</title>
        <cusip>J59332106</cusip>
        <identifiers>
          <isin value="JP3379900008"/>
        </identifiers>
        <balance>12244.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>283396.47000000</valUSD>
        <pctVal>0.038258950866</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="214456.01000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Amadeus IT Group, S.A.</name>
        <lei>9598004A3FTY3TEHHN09</lei>
        <title>Amadeus IT Group, S.A.</title>
        <cusip>E04648114</cusip>
        <identifiers>
          <isin value="ES0109067019"/>
        </identifiers>
        <balance>47977.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>2766971.75000000</valUSD>
        <pctVal>0.373545359375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Orion Corp.</name>
        <lei>74370029VAHCXDR7B745</lei>
        <title>Orion Corp., Class B</title>
        <cusip>X6002Y112</cusip>
        <identifiers>
          <isin value="FI0009014377"/>
        </identifiers>
        <balance>11808.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>953461.94000000</valUSD>
        <pctVal>0.128718799903</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lasertec Corp.</name>
        <lei>5299008UY0JUHZ3SAQ87</lei>
        <title>Lasertec Corp.</title>
        <cusip>J38702106</cusip>
        <identifiers>
          <isin value="JP3979200007"/>
        </identifiers>
        <balance>12076.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>3334351.09000000</valUSD>
        <pctVal>0.450142425992</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hitachi, Ltd.</name>
        <lei>549300T6IPOCDWLKC615</lei>
        <title>Hitachi, Ltd.</title>
        <cusip>J20454112</cusip>
        <identifiers>
          <isin value="JP3788600009"/>
        </identifiers>
        <balance>463333.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>14719121.63000000</valUSD>
        <pctVal>1.987103619314</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tele2 AB</name>
        <lei>213800EKD193RVI9HL76</lei>
        <title>Tele2 AB, Class B</title>
        <cusip>W95878166</cusip>
        <identifiers>
          <isin value="SE0005190238"/>
        </identifiers>
        <balance>53080.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.25190000"/>
        <valUSD>1086117.02000000</valUSD>
        <pctVal>0.146627435773</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SK hynix Inc.</name>
        <lei>988400XAIK6XISWQV045</lei>
        <title>SK hynix Inc.</title>
        <cusip>Y8085F100</cusip>
        <identifiers>
          <isin value="KR7000660001"/>
        </identifiers>
        <balance>60525.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1483.20000000"/>
        <valUSD>53974299.87000000</valUSD>
        <pctVal>7.286611886069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vend Marketplaces ASA</name>
        <lei>5967007LIEEXZXHT0O36</lei>
        <title>Vend Marketplaces ASA, Class B</title>
        <cusip>R75677147</cusip>
        <identifiers>
          <isin value="NO0010736879"/>
        </identifiers>
        <balance>21264.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.30260000"/>
        <valUSD>583522.91000000</valUSD>
        <pctVal>0.078776472914</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alfa Laval AB</name>
        <lei>549300UCKT2UK88AG251</lei>
        <title>Alfa Laval AB</title>
        <cusip>W04008152</cusip>
        <identifiers>
          <isin value="SE0000695876"/>
        </identifiers>
        <balance>30149.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.25190000"/>
        <valUSD>1810589.06000000</valUSD>
        <pctVal>0.244432253816</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1723722.09000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Galp Energia, SGPS, S.A.</name>
        <lei>2138003319Y7NM75FG53</lei>
        <title>Galp Energia, SGPS, S.A.</title>
        <cusip>X3078L108</cusip>
        <identifiers>
          <isin value="PTGAL0AM0009"/>
        </identifiers>
        <balance>54327.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>1270057.83000000</valUSD>
        <pctVal>0.171459722541</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cathay Pacific Airways Ltd.</name>
        <lei>EQNZNT235RBOJ6LJQZ02</lei>
        <title>Cathay Pacific Airways Ltd.</title>
        <cusip>Y11757104</cusip>
        <identifiers>
          <isin value="HK0293001514"/>
        </identifiers>
        <balance>218627.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83375000"/>
        <valUSD>324905.89000000</valUSD>
        <pctVal>0.043862785170</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan Exchange Group, Inc.</name>
        <lei>353800578ADEGIJTVW07</lei>
        <title>Japan Exchange Group, Inc.</title>
        <cusip>J2740B106</cusip>
        <identifiers>
          <isin value="JP3183200009"/>
        </identifiers>
        <balance>124591.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>1482673.53000000</valUSD>
        <pctVal>0.200163162706</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Evolution AB</name>
        <lei>549300SUH6ZR1RF6TA88</lei>
        <title>Evolution AB</title>
        <cusip>W3287P115</cusip>
        <identifiers>
          <isin value="SE0012673267"/>
        </identifiers>
        <balance>18063.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.25190000"/>
        <valUSD>1270368.03000000</valUSD>
        <pctVal>0.171501600009</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1215953.70000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Coloplast A/S</name>
        <lei>529900NN7SOJ5QG82X67</lei>
        <title>Coloplast A/S, Class B</title>
        <cusip>K16018192</cusip>
        <identifiers>
          <isin value="DK0060448595"/>
        </identifiers>
        <balance>13901.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.37010000"/>
        <valUSD>858318.04000000</valUSD>
        <pctVal>0.115874229908</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Daiichi Sankyo Co., Ltd.</name>
        <lei>353800XGIU2IHQGC9504</lei>
        <title>Daiichi Sankyo Co., Ltd.</title>
        <cusip>J11257102</cusip>
        <identifiers>
          <isin value="JP3475350009"/>
        </identifiers>
        <balance>248942.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>4039965.13000000</valUSD>
        <pctVal>0.545401385594</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Safran</name>
        <lei>969500UIC89GT3UL7L24</lei>
        <title>Safran</title>
        <cusip>F4035A557</cusip>
        <identifiers>
          <isin value="FR0000073272"/>
        </identifiers>
        <balance>54283.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>17422067.84000000</valUSD>
        <pctVal>2.352005434227</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Andritz AG</name>
        <lei>549300VZKC61IR5U8G96</lei>
        <title>Andritz AG</title>
        <cusip>A11123105</cusip>
        <identifiers>
          <isin value="AT0000730007"/>
        </identifiers>
        <balance>7627.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>647740.58000000</valUSD>
        <pctVal>0.087445955217</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Siemens Energy AG</name>
        <lei>5299005CHJZ14D4FDJ62</lei>
        <title>Siemens Energy AG, Class A</title>
        <cusip>D6T47E106</cusip>
        <identifiers>
          <isin value="DE000ENER6Y0"/>
        </identifiers>
        <balance>66936.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>14177965.40000000</valUSD>
        <pctVal>1.914046712097</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Singapore Technologies Engineering Ltd.</name>
        <lei>254900OEXGGWCR24DG90</lei>
        <title>Singapore Technologies Engineering Ltd.</title>
        <cusip>Y7996W103</cusip>
        <identifiers>
          <isin value="SG1F60858221"/>
        </identifiers>
        <balance>162754.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27355000"/>
        <valUSD>1378442.86000000</valUSD>
        <pctVal>0.186091865056</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Deutsche Boerse AG</name>
        <lei>529900G3SW56SHYNPR95</lei>
        <title>Deutsche Boerse AG</title>
        <cusip>D1882G119</cusip>
        <identifiers>
          <isin value="DE0005810055"/>
        </identifiers>
        <balance>20131.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>6172995.14000000</valUSD>
        <pctVal>0.833363653963</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Industria de Diseno Textil S.A.</name>
        <lei>549300TTCXZOGZM2EY83</lei>
        <title>Industria de Diseno Textil S.A.</title>
        <cusip>E6282J125</cusip>
        <identifiers>
          <isin value="ES0148396007"/>
        </identifiers>
        <balance>129456.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>7744075.24000000</valUSD>
        <pctVal>1.045461836954</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="7593384.16000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Etoro Group Ltd.</name>
        <lei>213800XPRPJK2X5QRG86</lei>
        <title>Etoro Group Ltd.</title>
        <cusip>G32089107</cusip>
        <identifiers>
          <isin value="VGG320891077"/>
        </identifiers>
        <balance>7770.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>276456.60000000</valUSD>
        <pctVal>0.037322057949</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="274989.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Next PLC</name>
        <lei>213800WQD8ECPZP9PH98</lei>
        <title>Next PLC</title>
        <cusip>G6500M106</cusip>
        <identifiers>
          <isin value="GB0032089863"/>
        </identifiers>
        <balance>18149.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73591600"/>
        <valUSD>3198619.57000000</valUSD>
        <pctVal>0.431818466083</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Straumann Holding AG</name>
        <lei>50670046ML5FVIM60Z37</lei>
        <title>Straumann Holding AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH1175448666"/>
        </identifiers>
        <balance>11636.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78205000"/>
        <valUSD>1261710.63000000</valUSD>
        <pctVal>0.170332837952</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1111477.47000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Imperial Oil Ltd.</name>
        <lei>549300JZNB745JT5WY51</lei>
        <title>Imperial Oil Ltd.</title>
        <cusip>453038408</cusip>
        <identifiers>
          <isin value="CA4530384086"/>
        </identifiers>
        <balance>17202.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36110000"/>
        <valUSD>2299666.39000000</valUSD>
        <pctVal>0.310458430988</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="690874.56000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ICG PLC</name>
        <lei>549300OGASR5WRKJ8R68</lei>
        <title>ICG PLC</title>
        <cusip>G4807D192</cusip>
        <identifiers>
          <isin value="GB00BYT1DJ19"/>
        </identifiers>
        <balance>29218.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73591600"/>
        <valUSD>719356.53000000</valUSD>
        <pctVal>0.097114216477</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dassault Aviation</name>
        <lei>969500CVFTUT88V8QN95</lei>
        <title>Dassault Aviation</title>
        <cusip>F24539169</cusip>
        <identifiers>
          <isin value="FR0014004L86"/>
        </identifiers>
        <balance>1727.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>603619.91000000</valUSD>
        <pctVal>0.081489598224</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zijin Gold International Co. Ltd.</name>
        <lei>254900FINUJR4MZ8A417</lei>
        <title>Zijin Gold International Co. Ltd.</title>
        <cusip>Y990DL104</cusip>
        <identifiers>
          <isin value="HK0001200002"/>
        </identifiers>
        <balance>24543.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83375000"/>
        <valUSD>484733.65000000</valUSD>
        <pctVal>0.065439773821</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Partners Group Holding AG</name>
        <lei>549300I3IVVWZWDHI788</lei>
        <title>Partners Group Holding AG</title>
        <cusip>H6120A101</cusip>
        <identifiers>
          <isin value="CH0024608827"/>
        </identifiers>
        <balance>3880.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78205000"/>
        <valUSD>4214572.57000000</valUSD>
        <pctVal>0.568973653335</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="53789.17000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invesco Private Prime Fund</name>
        <lei>N/A</lei>
        <title>Invesco Private Prime Fund</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="CADIS_ID" value="2487474"/>
        </identifiers>
        <balance>22898759.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22901048.87590000</valUSD>
        <pctVal>3.091676137430</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="22901048.87590000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aena S.M.E. S.A.</name>
        <lei>959800R7QMXKF0NFMT29</lei>
        <title>Aena S.M.E. S.A.</title>
        <cusip>E526LK101</cusip>
        <identifiers>
          <isin value="ES0105046017"/>
        </identifiers>
        <balance>85873.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>2344219.43000000</valUSD>
        <pctVal>0.316473158583</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2273801.06000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rogers Communications Inc.</name>
        <lei>5493000M6Z4XFIP6PF03</lei>
        <title>Rogers Communications Inc., Class B</title>
        <cusip>775109200</cusip>
        <identifiers>
          <isin value="CA7751092007"/>
        </identifiers>
        <balance>45483.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36110000"/>
        <valUSD>1652438.73000000</valUSD>
        <pctVal>0.223081720745</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>Hong Kong Exchanges and Clearing Ltd.</name>
        <lei>213800YTVSXYQN17BW16</lei>
        <title>Hong Kong Exchanges and Clearing Ltd.</title>
        <cusip>Y3506N139</cusip>
        <identifiers>
          <isin value="HK0388045442"/>
        </identifiers>
        <balance>196168.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83375000"/>
        <valUSD>10446780.19000000</valUSD>
        <pctVal>1.410331081402</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Capcom Co., Ltd.</name>
        <lei>529900JJWQKXS3TC8744</lei>
        <title>Capcom Co., Ltd.</title>
        <cusip>J05187109</cusip>
        <identifiers>
          <isin value="JP3218900003"/>
        </identifiers>
        <balance>49923.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>1053046.02000000</valUSD>
        <pctVal>0.142162800895</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Otsuka Corp.</name>
        <lei>529900RG9DJ58J3UIE72</lei>
        <title>Otsuka Corp.</title>
        <cusip>J6243L115</cusip>
        <identifiers>
          <isin value="JP3188200004"/>
        </identifiers>
        <balance>21334.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>395367.40000000</valUSD>
        <pctVal>0.053375195290</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ferrari N.V.</name>
        <lei>549300RIVY5EX8RCON76</lei>
        <title>Ferrari N.V.</title>
        <cusip>N3167Y103</cusip>
        <identifiers>
          <isin value="NL0011585146"/>
        </identifiers>
        <balance>17266.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>5971867.84000000</valUSD>
        <pctVal>0.806211165124</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hannover Rueck SE</name>
        <lei>529900KIN5BE45V5KB18</lei>
        <title>Hannover Rueck SE</title>
        <cusip>D3015J135</cusip>
        <identifiers>
          <isin value="DE0008402215"/>
        </identifiers>
        <balance>6903.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>2084697.82000000</valUSD>
        <pctVal>0.281437349825</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Imperial Brands PLC</name>
        <lei>549300DFVPOB67JL3A42</lei>
        <title>Imperial Brands PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0004544929"/>
        </identifiers>
        <balance>122733.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73591600"/>
        <valUSD>4656446.16000000</valUSD>
        <pctVal>0.628627254415</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tokyo Electron Ltd.</name>
        <lei>549300H5LSF8DP3RIJ34</lei>
        <title>Tokyo Electron Ltd.</title>
        <cusip>J86957115</cusip>
        <identifiers>
          <isin value="JP3571400005"/>
        </identifiers>
        <balance>53563.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>15768987.46000000</valUSD>
        <pctVal>2.128837089764</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hanmi Pharm. Co., Ltd.</name>
        <lei>988400PP10VZVUOFE672</lei>
        <title>Hanmi Pharm. Co., Ltd.</title>
        <cusip>Y3063Q103</cusip>
        <identifiers>
          <isin value="KR7128940004"/>
        </identifiers>
        <balance>1124.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1483.20000000"/>
        <valUSD>351943.64000000</valUSD>
        <pctVal>0.047512922198</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Toyo Suisan Kaisha, Ltd.</name>
        <lei>N/A</lei>
        <title>Toyo Suisan Kaisha, Ltd.</title>
        <cusip>892306101</cusip>
        <identifiers>
          <isin value="JP3613000003"/>
        </identifiers>
        <balance>13618.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>934422.16000000</valUSD>
        <pctVal>0.126148400888</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Talanx AG</name>
        <lei>5299006ZIILJ6VJVSJ32</lei>
        <title>Talanx AG</title>
        <cusip>D82827110</cusip>
        <identifiers>
          <isin value="DE000TLX1005"/>
        </identifiers>
        <balance>6969.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>907878.20000000</valUSD>
        <pctVal>0.122564926254</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Adyen N.V.</name>
        <lei>724500973ODKK3IFQ447</lei>
        <title>Adyen N.V.</title>
        <cusip>N3501V104</cusip>
        <identifiers>
          <isin value="NL0012969182"/>
        </identifiers>
        <balance>3944.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>4448358.41000000</valUSD>
        <pctVal>0.600535094329</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kongsberg Gruppen ASA</name>
        <lei>5967007LIEEXZXJ9HK73</lei>
        <title>Kongsberg Gruppen ASA</title>
        <cusip>R60837151</cusip>
        <identifiers>
          <isin value="NO0013536151"/>
        </identifiers>
        <balance>75271.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.30260000"/>
        <valUSD>2506961.78000000</valUSD>
        <pctVal>0.338443621280</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fisher &amp; Paykel Healthcare Corp. Ltd.</name>
        <lei>N/A</lei>
        <title>Fisher &amp; Paykel Healthcare Corp. Ltd.</title>
        <cusip>Q38992105</cusip>
        <identifiers>
          <isin value="NZFAPE0001S2"/>
        </identifiers>
        <balance>74237.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69851350"/>
        <valUSD>1594411.59000000</valUSD>
        <pctVal>0.215247969329</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Advantest Corp.</name>
        <lei>353800EMK32PDKS9XR54</lei>
        <title>Advantest Corp.</title>
        <cusip>J00210104</cusip>
        <identifiers>
          <isin value="JP3122400009"/>
        </identifiers>
        <balance>153520.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>28637596.36000000</valUSD>
        <pctVal>3.866118699600</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Elisa Corp.</name>
        <lei>743700TU2S3DXWGU7H32</lei>
        <title>Elisa Corp.</title>
        <cusip>X1949T102</cusip>
        <identifiers>
          <isin value="FI0009007884"/>
        </identifiers>
        <balance>14933.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>724894.95000000</valUSD>
        <pctVal>0.097861911530</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Compass Group PLC</name>
        <lei>2138008M6MH9OZ6U2T68</lei>
        <title>Compass Group PLC</title>
        <cusip>G23296208</cusip>
        <identifiers>
          <isin value="GB00BD6K4575"/>
        </identifiers>
        <balance>166412.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4702306.71000000</valUSD>
        <pctVal>0.634818497832</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Verbund AG</name>
        <lei>5299006UDSEJCTTEJS30</lei>
        <title>Verbund AG</title>
        <cusip>A91460104</cusip>
        <identifiers>
          <isin value="AT0000746409"/>
        </identifiers>
        <balance>9421.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>710482.45000000</valUSD>
        <pctVal>0.095916202294</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Celestica Inc.</name>
        <lei>549300J3CG5T6RZWLN53</lei>
        <title>Celestica Inc.</title>
        <cusip>15101Q207</cusip>
        <identifiers>
          <isin value="CA15101Q2071"/>
        </identifiers>
        <balance>14244.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36110000"/>
        <valUSD>5836157.46000000</valUSD>
        <pctVal>0.787890059147</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>Wesfarmers Ltd.</name>
        <lei>5493003L32ZX9557ST85</lei>
        <title>Wesfarmers Ltd.</title>
        <cusip>Q95870103</cusip>
        <identifiers>
          <isin value="AU000000WES1"/>
        </identifiers>
        <balance>132447.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.39091700"/>
        <valUSD>7026126.82000000</valUSD>
        <pctVal>0.948537717449</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>529900MIMKY9RU60Z323</lei>
        <title>Oracle Corp.</title>
        <cusip>J6165M109</cusip>
        <identifiers>
          <isin value="JP3689500001"/>
        </identifiers>
        <balance>5615.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>312147.09000000</valUSD>
        <pctVal>0.042140327927</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zurich Insurance Group Ltd.</name>
        <lei>529900QVNRBND50TXP03</lei>
        <title>Zurich Insurance Group Ltd.</title>
        <cusip>H9870Y105</cusip>
        <identifiers>
          <isin value="CH0011075394"/>
        </identifiers>
        <balance>17103.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78205000"/>
        <valUSD>11913885.20000000</valUSD>
        <pctVal>1.608392470429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EMS-Chemie Holding AG</name>
        <lei>529900G1XFTGSE0DIX60</lei>
        <title>EMS-Chemie Holding AG</title>
        <cusip>H22206199</cusip>
        <identifiers>
          <isin value="CH0016440353"/>
        </identifiers>
        <balance>1044.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78205000"/>
        <valUSD>889134.13000000</valUSD>
        <pctVal>0.120034448535</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="861217.88000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Asahi Intecc Co., Ltd.</name>
        <lei>353800J3AV2SCNIO8L39</lei>
        <title>Asahi Intecc Co., Ltd.</title>
        <cusip>J0279C107</cusip>
        <identifiers>
          <isin value="JP3110650003"/>
        </identifiers>
        <balance>27791.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>584234.80000000</valUSD>
        <pctVal>0.078872579138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RELX PLC</name>
        <lei>549300WSX3VBUFFJOO66</lei>
        <title>RELX PLC</title>
        <cusip>G7493L105</cusip>
        <identifiers>
          <isin value="GB00B2B0DG97"/>
        </identifiers>
        <balance>231707.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73591600"/>
        <valUSD>8437716.46000000</valUSD>
        <pctVal>1.139104447798</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Canon Marketing Japan Inc.</name>
        <lei>529900WMTZBIIROD5K97</lei>
        <title>Canon Marketing Japan Inc.</title>
        <cusip>J05166111</cusip>
        <identifiers>
          <isin value="JP3243600008"/>
        </identifiers>
        <balance>14794.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>336377.89000000</valUSD>
        <pctVal>0.045411522472</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Addtech AB</name>
        <lei>549300QZ5U2IDRHPWL60</lei>
        <title>Addtech AB, Class B</title>
        <cusip>W4260L147</cusip>
        <identifiers>
          <isin value="SE0014781795"/>
        </identifiers>
        <balance>26151.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.25190000"/>
        <valUSD>958433.30000000</valUSD>
        <pctVal>0.129389941001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Finecobank Banca Fineco S.p.A.</name>
        <lei>549300L7YCATGO57ZE10</lei>
        <title>Finecobank Banca Fineco S.p.A.</title>
        <cusip>T4R999104</cusip>
        <identifiers>
          <isin value="IT0000072170"/>
        </identifiers>
        <balance>82992.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>2059276.34000000</valUSD>
        <pctVal>0.278005411684</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Allianz SE</name>
        <lei>529900K9B0N5BT694847</lei>
        <title>Allianz SE</title>
        <cusip>D03080112</cusip>
        <identifiers>
          <isin value="DE0008404005"/>
        </identifiers>
        <balance>42500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>19401221.69000000</valUSD>
        <pctVal>2.619194188921</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Budweiser Brewing Co. APAC Ltd.</name>
        <lei>549300YF1MR4GTF18132</lei>
        <title>Budweiser Brewing Co. APAC Ltd.</title>
        <cusip>G1674K101</cusip>
        <identifiers>
          <isin value="KYG1674K1013"/>
        </identifiers>
        <balance>329572.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83375000"/>
        <valUSD>324903.03000000</valUSD>
        <pctVal>0.043862399066</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="161275.56000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pro Medicus Ltd.</name>
        <lei>98450085A903D1BMFF27</lei>
        <title>Pro Medicus Ltd.</title>
        <cusip>Q77301101</cusip>
        <identifiers>
          <isin value="AU000000PME8"/>
        </identifiers>
        <balance>9310.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.39091700"/>
        <valUSD>912485.78000000</valUSD>
        <pctVal>0.123186956503</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invesco Government &amp; Agency Portfolio</name>
        <lei>5493007T1J7WZ5QI1A47</lei>
        <title>Invesco Government &amp; Agency Portfolio, Institutional Class</title>
        <cusip>825252885</cusip>
        <identifiers>
          <isin value="US8252528851"/>
        </identifiers>
        <balance>795977.15000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>795977.15000000</valUSD>
        <pctVal>0.107458115736</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>
      <invstOrSec>
        <name>Coca-Cola HBC AG</name>
        <lei>549300EFP3TNG7JGVE49</lei>
        <title>Coca-Cola HBC AG</title>
        <cusip>H1512E100</cusip>
        <identifiers>
          <isin value="CH0198251305"/>
        </identifiers>
        <balance>21733.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73591600"/>
        <valUSD>1265893.77000000</valUSD>
        <pctVal>0.170897568161</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JB Hi-Fi Ltd.</name>
        <lei>529900TPC8H040Y3ZQ65</lei>
        <title>JB Hi-Fi Ltd.</title>
        <cusip>Q5029L101</cusip>
        <identifiers>
          <isin value="AU000000JBH7"/>
        </identifiers>
        <balance>13753.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.39091700"/>
        <valUSD>766995.72000000</valUSD>
        <pctVal>0.103545578976</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Koei Tecmo Holdings Co., Ltd.</name>
        <lei>353800RQ25FIYLPYXP11</lei>
        <title>Koei Tecmo Holdings Co., Ltd.</title>
        <cusip>J8239A103</cusip>
        <identifiers>
          <isin value="JP3283460008"/>
        </identifiers>
        <balance>25956.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>256900.05000000</valUSD>
        <pctVal>0.034681894204</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fortum OYJ</name>
        <lei>635400IUIZZIUJSAMF76</lei>
        <title>Fortum OYJ</title>
        <cusip>X2978Z118</cusip>
        <identifiers>
          <isin value="FI0009007132"/>
        </identifiers>
        <balance>41887.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>1054723.79000000</valUSD>
        <pctVal>0.142389302376</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="24921.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vestas Wind Systems A/S</name>
        <lei>549300DYMC8BGZZC8844</lei>
        <title>Vestas Wind Systems A/S</title>
        <cusip>K9773J201</cusip>
        <identifiers>
          <isin value="DK0061539921"/>
        </identifiers>
        <balance>108998.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.37010000"/>
        <valUSD>3350071.47000000</valUSD>
        <pctVal>0.452264701001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Recruit Holdings Co., Ltd.</name>
        <lei>353800R2LRSMVVC4I806</lei>
        <title>Recruit Holdings Co., Ltd.</title>
        <cusip>J6433A101</cusip>
        <identifiers>
          <isin value="JP3970300004"/>
        </identifiers>
        <balance>224647.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>10396802.81000000</valUSD>
        <pctVal>1.403584059727</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Universal Music Group N.V.</name>
        <lei>724500GJBUL3D9TW9Y18</lei>
        <title>Universal Music Group N.V.</title>
        <cusip>N90313102</cusip>
        <identifiers>
          <isin value="NL0015000IY2"/>
        </identifiers>
        <balance>140552.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>2945534.68000000</valUSD>
        <pctVal>0.397651624232</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="3155079.35000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REA Group Ltd.</name>
        <lei>894500KA4UBDATOFPN36</lei>
        <title>REA Group Ltd.</title>
        <cusip>Q8051B108</cusip>
        <identifiers>
          <isin value="AU000000REA9"/>
        </identifiers>
        <balance>8255.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.39091700"/>
        <valUSD>1020590.51000000</valUSD>
        <pctVal>0.137781258096</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</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>J56988108</cusip>
        <identifiers>
          <isin value="JP3670800006"/>
        </identifiers>
        <balance>15647.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>675921.50000000</valUSD>
        <pctVal>0.091250421919</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invesco Private Government Fund</name>
        <lei>N/A</lei>
        <title>Invesco Private Government Fund</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="CADIS_ID" value="2442116"/>
        </identifiers>
        <balance>6917501.08000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6917501.08000000</valUSD>
        <pctVal>0.933873078721</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="6917501.08000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LIG Defense&amp;Aerospace Co., Ltd.</name>
        <lei>988400VTP0QVY3OIY652</lei>
        <title>LIG Defense&amp;Aerospace Co., Ltd.</title>
        <cusip>Y5277W107</cusip>
        <identifiers>
          <isin value="KR7079550000"/>
        </identifiers>
        <balance>1451.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1483.20000000"/>
        <valUSD>920464.37000000</valUSD>
        <pctVal>0.124264078187</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wartsila OYJ Abp</name>
        <lei>743700G7A9J1PHM3X223</lei>
        <title>Wartsila OYJ Abp</title>
        <cusip>X98155116</cusip>
        <identifiers>
          <isin value="FI0009003727"/>
        </identifiers>
        <balance>62243.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>2612697.75000000</valUSD>
        <pctVal>0.352718136700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Azbil Corp.</name>
        <lei>N/A</lei>
        <title>Azbil Corp.</title>
        <cusip>J0370G106</cusip>
        <identifiers>
          <isin value="JP3937200008"/>
        </identifiers>
        <balance>58464.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>519817.34000000</valUSD>
        <pctVal>0.070176124884</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banca Mediolanum S.p.A.</name>
        <lei>7LVZJ6XRIE7VNZ4UBX81</lei>
        <title>Banca Mediolanum S.p.A.</title>
        <cusip>T1R88K108</cusip>
        <identifiers>
          <isin value="IT0004776628"/>
        </identifiers>
        <balance>24609.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>539114.57000000</valUSD>
        <pctVal>0.072781280038</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="533301.14000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gjensidige Forsikring ASA</name>
        <lei>5967007LIEEXZX6FAO47</lei>
        <title>Gjensidige Forsikring ASA</title>
        <cusip>R2763X101</cusip>
        <identifiers>
          <isin value="NO0010582521"/>
        </identifiers>
        <balance>25050.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.30260000"/>
        <valUSD>700814.55000000</valUSD>
        <pctVal>0.094611021213</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sage Group PLC (The)</name>
        <lei>2138005RN5XYLTF8G138</lei>
        <title>Sage Group PLC (The)</title>
        <cusip>G7771K142</cusip>
        <identifiers>
          <isin value="GB00B8C3BL03"/>
        </identifiers>
        <balance>141798.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73591600"/>
        <valUSD>1688813.87000000</valUSD>
        <pctVal>0.227992419505</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Obic Business Consultants Co., Ltd.</name>
        <lei>N/A</lei>
        <title>Obic Business Consultants Co., Ltd.</title>
        <cusip>J59469106</cusip>
        <identifiers>
          <isin value="JP3173500004"/>
        </identifiers>
        <balance>6030.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>236780.35000000</valUSD>
        <pctVal>0.031965704360</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="51642.57000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Swiss Re AG</name>
        <lei>529900PS9YW3YY29F326</lei>
        <title>Swiss Re AG</title>
        <cusip>H8431B109</cusip>
        <identifiers>
          <isin value="CH0126881561"/>
        </identifiers>
        <balance>38091.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78205000"/>
        <valUSD>6130539.43000000</valUSD>
        <pctVal>0.827632069081</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="4384096.96000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kobe Bussan Co., Ltd.</name>
        <lei>353800CJIFNHN2DXRD59</lei>
        <title>Kobe Bussan Co., Ltd.</title>
        <cusip>J3478K102</cusip>
        <identifiers>
          <isin value="JP3291200008"/>
        </identifiers>
        <balance>17324.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>302989.50000000</valUSD>
        <pctVal>0.040904039466</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MS &amp; Ad Insurance Group Holdings, Inc.</name>
        <lei>529900CXROT5S2HMMP26</lei>
        <title>MS &amp; Ad Insurance Group Holdings, Inc.</title>
        <cusip>J4687C105</cusip>
        <identifiers>
          <isin value="JP3890310000"/>
        </identifiers>
        <balance>136602.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>3509233.85000000</valUSD>
        <pctVal>0.473751862349</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HD Hyundai Electric Co., Ltd.</name>
        <lei>988400CSDKM9UHLHGB91</lei>
        <title>HD Hyundai Electric Co., Ltd.</title>
        <cusip>Y3R1DD103</cusip>
        <identifiers>
          <isin value="KR7267260008"/>
        </identifiers>
        <balance>3740.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1483.20000000"/>
        <valUSD>3216096.61000000</valUSD>
        <pctVal>0.434177892841</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ABB Ltd.</name>
        <lei>5493000LKVGOO9PELI61</lei>
        <title>ABB Ltd.</title>
        <cusip>H0010V101</cusip>
        <identifiers>
          <isin value="CH0012221716"/>
        </identifiers>
        <balance>187132.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78205000"/>
        <valUSD>18909541.79000000</valUSD>
        <pctVal>2.552816660874</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Autotrader Group PLC</name>
        <lei>213800QLK9BZILB1DI86</lei>
        <title>Autotrader Group PLC</title>
        <cusip>G06708104</cusip>
        <identifiers>
          <isin value="GB00BVYVFW23"/>
        </identifiers>
        <balance>178879.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73591600"/>
        <valUSD>1201626.31000000</valUSD>
        <pctVal>0.162221364133</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zozo, Inc.</name>
        <lei>549300GC7XPQMZA0OW13</lei>
        <title>Zozo, Inc.</title>
        <cusip>J9893A108</cusip>
        <identifiers>
          <isin value="JP3399310006"/>
        </identifiers>
        <balance>87051.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>583681.21000000</valUSD>
        <pctVal>0.078797843653</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QBE Insurance Group Ltd.</name>
        <lei>549300D2FBW76FPUSG65</lei>
        <title>QBE Insurance Group Ltd.</title>
        <cusip>Q78063114</cusip>
        <identifiers>
          <isin value="AU000000QBE9"/>
        </identifiers>
        <balance>156360.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.39091700"/>
        <valUSD>2529182.52000000</valUSD>
        <pctVal>0.341443454693</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Samsung E&amp;A Co., Ltd.</name>
        <lei>988400HDAY5KIVHGZ188</lei>
        <title>Samsung E&amp;A Co., Ltd.</title>
        <cusip>Y7472L100</cusip>
        <identifiers>
          <isin value="KR7028050003"/>
        </identifiers>
        <balance>21337.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1483.20000000"/>
        <valUSD>772761.74000000</valUSD>
        <pctVal>0.104324000373</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Prada S.p.A.</name>
        <lei>8156000FE0A2DC5B7852</lei>
        <title>Prada S.p.A.</title>
        <cusip>T7733C101</cusip>
        <identifiers>
          <isin value="IT0003874101"/>
        </identifiers>
        <balance>56389.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83375000"/>
        <valUSD>251224.88000000</valUSD>
        <pctVal>0.033915737695</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Essity AB</name>
        <lei>549300G8E6YUVJ1DA153</lei>
        <title>Essity AB, Class B</title>
        <cusip>W3R06F100</cusip>
        <identifiers>
          <isin value="SE0009922164"/>
        </identifiers>
        <balance>67945.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.25190000"/>
        <valUSD>1799911.41000000</valUSD>
        <pctVal>0.242990754962</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>El Al Israel Airlines Ltd.</name>
        <lei>549300TW18OUVFDCDP95</lei>
        <title>El Al Israel Airlines Ltd.</title>
        <cusip>M3741D113</cusip>
        <identifiers>
          <isin value="IL0010878242"/>
        </identifiers>
        <balance>73652.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.95215000"/>
        <valUSD>330581.78000000</valUSD>
        <pctVal>0.044629038880</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bandai Namco Holdings Inc.</name>
        <lei>3538008EFEM34VRJDQ95</lei>
        <title>Bandai Namco Holdings Inc.</title>
        <cusip>Y0606D102</cusip>
        <identifiers>
          <isin value="JP3778630008"/>
        </identifiers>
        <balance>69232.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>1587720.30000000</valUSD>
        <pctVal>0.214344635087</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kakaku.Com, Inc.</name>
        <lei>353800KA15Y0DCPWYY65</lei>
        <title>Kakaku.Com, Inc.</title>
        <cusip>J29258100</cusip>
        <identifiers>
          <isin value="JP3206000006"/>
        </identifiers>
        <balance>22453.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>374810.47000000</valUSD>
        <pctVal>0.050599978736</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Matrix IT Ltd.</name>
        <lei>N/A</lei>
        <title>Matrix IT Ltd.</title>
        <cusip>M6859E153</cusip>
        <identifiers>
          <isin value="IL0004450156"/>
        </identifiers>
        <balance>7320.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.95215000"/>
        <valUSD>224418.43000000</valUSD>
        <pctVal>0.030296826516</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen</name>
        <lei>529900MUF4C20K50JS49</lei>
        <title>Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Class R</title>
        <cusip>D55535104</cusip>
        <identifiers>
          <isin value="DE0008430026"/>
        </identifiers>
        <balance>14669.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>8770107.71000000</valUSD>
        <pctVal>1.183977767858</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Airbus SE</name>
        <lei>MINO79WLOO247M1IL051</lei>
        <title>Airbus SE</title>
        <cusip>N0280G100</cusip>
        <identifiers>
          <isin value="NL0000235190"/>
        </identifiers>
        <balance>66668.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85247800"/>
        <valUSD>13737223.18000000</valUSD>
        <pctVal>1.854545847673</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tokio Marine Holdings, Inc.</name>
        <lei>5299009QN2NZ191KLS29</lei>
        <title>Tokio Marine Holdings, Inc.</title>
        <cusip>J86298106</cusip>
        <identifiers>
          <isin value="JP3910660004"/>
        </identifiers>
        <balance>273535.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.70500000"/>
        <valUSD>12515028.65000000</valUSD>
        <pctVal>1.689547742818</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-05-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Invesco Exchange-Traded Fund Trust II</ncom:nameOfApplicant>
      <ncom:signature>Adrien Deberghes</ncom:signature>
      <ncom:signerName>Adrien Deberghes</ncom:signerName>
      <ncom:title>Vice President</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
