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        <name>Construcciones Y Auxiliar De Ferrocarriles SA</name>
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        <name>Nokia Corp</name>
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        <name>Mondadori Arnoldo Editore Spa</name>
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        <valUSD>40469.13000000</valUSD>
        <pctVal>0.054801631544</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASM International N.V.</name>
        <lei>7245001I22ND6ZFHX623</lei>
        <title>ASM International N.V. EUR0.04</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0000334118"/>
          <ticker value="ASM"/>
          <other otherDesc="SEDOL" value="5165294"/>
        </identifiers>
        <balance>397.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
        <valUSD>335028.02000000</valUSD>
        <pctVal>0.453681166582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kerry Group PLC</name>
        <lei>635400TLVVBNXLFHWC59</lei>
        <title>Kerry Group PLC 'A'ORD EUR0.125</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IE0004906560"/>
          <ticker value="KYGA"/>
          <other otherDesc="SEDOL" value="4519579"/>
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        <balance>1357.00000000</balance>
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        <valUSD>120738.45000000</valUSD>
        <pctVal>0.163499043594</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ElEn Spa</name>
        <lei>81560012F663E89E7085</lei>
        <title>ElEn Spa NPV (POST SPLIT)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0005453250"/>
          <ticker value="ELN"/>
          <other otherDesc="SEDOL" value="BMVFDR5"/>
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        <balance>352.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
        <valUSD>5906.11000000</valUSD>
        <pctVal>0.007997811271</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cpi Europe AG</name>
        <lei>5299000DUMZ99SBBX121</lei>
        <title>Cpi Europe AG NPV (POST SPLIT)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AT0000A21KS2"/>
          <ticker value="CPI"/>
          <other otherDesc="SEDOL" value="BFZ5BQ7"/>
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        <balance>297.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
        <valUSD>5639.53000000</valUSD>
        <pctVal>0.007636819599</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Raiffeisen Bank International AG</name>
        <lei>9ZHRYM6F437SQJ6OUG95</lei>
        <title>Raiffeisen Bank International AG NPV (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AT0000606306"/>
          <ticker value="RBI"/>
          <other otherDesc="SEDOL" value="B0704T9"/>
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        <balance>1204.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
        <valUSD>60121.08000000</valUSD>
        <pctVal>0.081413494043</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ferretti S.p.A.</name>
        <lei>815600F40754716D2D91</lei>
        <title>Ferretti S.p.A. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0005383291"/>
          <ticker value="YACHT"/>
          <other otherDesc="SEDOL" value="BK5MNS9"/>
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        <balance>1322.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
        <valUSD>6057.74000000</valUSD>
        <pctVal>0.008203142382</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BioMerieux SA</name>
        <lei>549300AK8Y0LBIQ4T071</lei>
        <title>BioMerieux SA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0013280286"/>
          <ticker value="BIM"/>
          <other otherDesc="SEDOL" value="BF0LBX7"/>
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        <balance>335.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
        <valUSD>39583.63000000</valUSD>
        <pctVal>0.053602523860</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Mercedes-Benz Group AG</name>
        <lei>529900R27DL06UVNT076</lei>
        <title>Mercedes-Benz Group AG ORD NPV(REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0007100000"/>
          <ticker value="MBG"/>
          <other otherDesc="SEDOL" value="5529027"/>
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        <balance>6162.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
        <valUSD>429580.43000000</valUSD>
        <pctVal>0.581720151716</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sligro Food Group NV</name>
        <lei>724500YLB8OA6WK5CH48</lei>
        <title>Sligro Food Group NV EUR0.06</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0000817179"/>
          <ticker value="SLIGR"/>
          <other otherDesc="SEDOL" value="B1VV9V2"/>
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        <balance>193.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
        <valUSD>3293.03000000</valUSD>
        <pctVal>0.004459285799</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Zalando SE</name>
        <lei>529900YRFFGH5AXU4S86</lei>
        <title>Zalando SE NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000ZAL1111"/>
          <ticker value="ZAL"/>
          <other otherDesc="SEDOL" value="BQV0SV7"/>
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        <balance>2020.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
        <valUSD>49526.80000000</valUSD>
        <pctVal>0.067067155759</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sixt SE</name>
        <lei>5299004ZME6CSBR7WP07</lei>
        <title>Sixt SE NON VTG PRF NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0007231334"/>
          <ticker value="SIX3"/>
          <other otherDesc="SEDOL" value="5271276"/>
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        <balance>194.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
        <valUSD>12561.83000000</valUSD>
        <pctVal>0.017010713577</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Vicat SA</name>
        <lei>9695009YI1863TOVDP79</lei>
        <title>Vicat SA EUR4</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000031775"/>
          <ticker value="VCT"/>
          <other otherDesc="SEDOL" value="5763201"/>
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        <balance>158.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Continental AG</name>
        <lei>529900A7YD9C0LLXM621</lei>
        <title>Continental AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0005439004"/>
          <ticker value="CON"/>
          <other otherDesc="SEDOL" value="4598589"/>
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        <balance>966.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Airbus SE</name>
        <lei>MINO79WLOO247M1IL051</lei>
        <title>Airbus SE EUR1</title>
        <cusip>000000000</cusip>
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          <isin value="NL0000235190"/>
          <ticker value="AIR"/>
          <other otherDesc="SEDOL" value="4012250"/>
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        <balance>5103.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Deutsche Boerse AG</name>
        <lei>529900G3SW56SHYNPR95</lei>
        <title>Deutsche Boerse AG NPV(REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0005810055"/>
          <ticker value="DB1"/>
          <other otherDesc="SEDOL" value="7021963"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hbx Group International PLC</name>
        <lei>984500745985CA77CS69</lei>
        <title>Hbx Group International PLC ORD EUR0.01</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BNXJB679"/>
          <ticker value="HBX"/>
          <other otherDesc="SEDOL" value="BNXJB67"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tenaris SA</name>
        <lei>549300Y7C05BKC4HZB40</lei>
        <title>Tenaris SA USD1</title>
        <cusip>000000000</cusip>
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          <isin value="LU2598331598"/>
          <ticker value="TEN"/>
          <other otherDesc="SEDOL" value="BMHVLR3"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ageas SA/NV</name>
        <lei>5493005DJBML6LY3RV36</lei>
        <title>Ageas SA/NV NPV</title>
        <cusip>000000000</cusip>
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          <isin value="BE0974264930"/>
          <ticker value="AGS"/>
          <other otherDesc="SEDOL" value="B86S2N0"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Friedrich Vorwerk Group SE</name>
        <lei>529900NBM89YAM5ENI18</lei>
        <title>Friedrich Vorwerk Group SE NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE000A255F11"/>
          <ticker value="VH2"/>
          <other otherDesc="SEDOL" value="BNTJ0F3"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Wolters Kluwer NV</name>
        <lei>724500TEM53I0U077B74</lei>
        <title>Wolters Kluwer NV EUR0.12</title>
        <cusip>000000000</cusip>
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          <isin value="NL0000395903"/>
          <ticker value="WKL"/>
          <other otherDesc="SEDOL" value="5671519"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Voestalpine AG</name>
        <lei>529900ZAXBMQDIWPNB72</lei>
        <title>Voestalpine AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AT0000937503"/>
          <ticker value="VOE"/>
          <other otherDesc="SEDOL" value="4943402"/>
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        <balance>983.00000000</balance>
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        <valUSD>56379.87000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
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      <invstOrSec>
        <name>Knorr-Bremse AG</name>
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      <invstOrSec>
        <name>Financiere De Tubize SA</name>
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        <name>Alzchem Group Ag</name>
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        <name>De'Longhi S.p.A.</name>
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        <name>Navigator Company SA(The)</name>
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        <name>United Internet AG</name>
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        <name>BFF Bank S.p.A.</name>
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        <name>Fila S.p.A</name>
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        <name>Schaeffler AG</name>
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        <name>Lu-Ve Spa</name>
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        <name>Kalmar Oyj</name>
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        <name>AEGON LTD</name>
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        <name>Cairn Homes PLC</name>
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        <name>Thyssenkrupp Nucera AG &amp; Co.</name>
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        <name>Koninklijke Philips NV</name>
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        <name>Deme Group Nv</name>
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        <name>Revenio Group Corp.</name>
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        <name>Lanxess AG</name>
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        <name>Secunet Security AG</name>
        <lei>391200N3TQNVUCU8N039</lei>
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        <name>Bank of Ireland Group PLC</name>
        <lei>635400C8EK6DRI12LJ39</lei>
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        <name>Recordati Industria Chimica e Farmaceutica S.p.A.</name>
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        <name>VGP NV</name>
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        <name>SBM Offshore NV</name>
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        <name>Brenntag SE</name>
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        <name>Ontex Group NV</name>
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        <name>Commerzbank AG</name>
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        <name>AIB Group PLC</name>
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        <name>Galp Energia SGPS SA</name>
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        <name>Tamburi Investment Partners S.p.A.</name>
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        <name>KWS SAAT SE &amp; Co KgaA</name>
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        <name>Irish Residential Properties REIT PLC</name>
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        <name>Corbion NV</name>
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        <name>MFE-MediaForEurope NV</name>
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        <name>Aumovio SE</name>
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      <invstOrSec>
        <name>Aperam SA</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bittium Oyj</name>
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        <invCountry>FI</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CTS Eventim AG &amp; Co. KGaA</name>
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      <invstOrSec>
        <name>Banca Mediolanum SpA</name>
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        <name>Sto SE &amp; Co. Kgaa</name>
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          <isin value="DE0007274136"/>
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      <invstOrSec>
        <name>Distribuidora Internacional de Alimentacion SA</name>
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      <invstOrSec>
        <name>Caixabank S.A.</name>
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      <invstOrSec>
        <name>Compagnie de Saint-Gobain SA</name>
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        <title>Compagnie de Saint-Gobain SA EUR4</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000125007"/>
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        <name>Allianz SE</name>
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        <name>Porsche Automobil Holding SE</name>
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        <name>Bankinter SA</name>
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        <name>Aeroports de Paris</name>
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        <name>Telefonica, S.A.</name>
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        <name>DWS GOVERNMENT AND AGENCY SECURITIES PORTFOLIO DWS GOVERNMENT CASH INSTITUTIONAL SHARES</name>
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        <name>Koninklijke Heijmans NV</name>
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        <name>Grand City Properties SA</name>
        <lei>5299002QLUYKK2WBMB18</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>STMICROELECTRONICS NV</name>
        <lei>213800Z8NOHIKRI42W10</lei>
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          <isin value="US8610121027"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Elis SA</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>D Amico International Shipping SA</name>
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          <isin value="LU2592315662"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Neinor Homes SA</name>
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          <isin value="ES0105251005"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bechtle AG</name>
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          <isin value="DE0005158703"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Rheinmetall AG</name>
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          <isin value="DE0007030009"/>
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        <fairValLevel>1</fairValLevel>
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        <name>OMV AG</name>
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          <isin value="AT0000743059"/>
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        <invCountry>AT</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Beneteau SA</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Carl Zeiss Meditec AG</name>
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        <name>Evonik Industries AG</name>
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        <name>ACS Actividades De Construccion Y Servicios S.A.</name>
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        <name>Aubay</name>
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        <name>Alten SA</name>
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        <name>Wuestenrot and Wuerttembergische AG</name>
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        <name>Nokian Renkaat Oyj (Nokia Tyres)</name>
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        <name>Sartorius Stedim Biotech SA</name>
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        <name>Duerr AG</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SAP SE</name>
        <lei>529900D6BF99LW9R2E68</lei>
        <title>SAP SE ORD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0007164600"/>
          <ticker value="SAP"/>
          <other otherDesc="SEDOL" value="4846288"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Lisi SA</name>
        <lei>969500UU4O58BR802Y55</lei>
        <title>Lisi SA EUR0.40</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000050353"/>
          <ticker value="FII"/>
          <other otherDesc="SEDOL" value="5489916"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Rational AG</name>
        <lei>529900K139N6UFJ1A758</lei>
        <title>Rational AG NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE0007010803"/>
          <ticker value="RAA"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TomTom Nv</name>
        <lei>724500WAU923OTVC7M86</lei>
        <title>TomTom Nv EUR0.20</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0013332471"/>
          <ticker value="TOM2"/>
          <other otherDesc="SEDOL" value="BFY1TC8"/>
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        <balance>540.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Peugeot Invest</name>
        <lei>969500Z8LOO0H8JY2E60</lei>
        <title>Peugeot Invest EUR1.00</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000064784"/>
          <ticker value="PEUG"/>
          <other otherDesc="SEDOL" value="4344072"/>
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        <balance>32.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EDP Renovaveis SA</name>
        <lei>529900MUFAH07Q1TAX06</lei>
        <title>EDP Renovaveis SA EUR5</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0127797019"/>
          <ticker value="EDPR"/>
          <other otherDesc="SEDOL" value="B39GNW2"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Clariane SE</name>
        <lei>969500WEPS61H6TJM037</lei>
        <title>Clariane SE EUR0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0010386334"/>
          <ticker value="CLARI"/>
          <other otherDesc="SEDOL" value="B1HKRM0"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hera SpA</name>
        <lei>8156009414FD99443B48</lei>
        <title>Hera SpA EUR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0001250932"/>
          <ticker value="HER"/>
          <other otherDesc="SEDOL" value="7598003"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Rai Way S.p.A</name>
        <lei>815600303CCB3CFD2264</lei>
        <title>Rai Way S.p.A NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0005054967"/>
          <ticker value="RWAY"/>
          <other otherDesc="SEDOL" value="BSM8WL2"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Unicaja Banco, S.A.U.</name>
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        <title>Unicaja Banco, S.A.U. EUR0.25</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0180907000"/>
          <ticker value="UNI"/>
          <other otherDesc="SEDOL" value="BH4H4H0"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bollore SE</name>
        <lei>969500LEKCHH6VV86P94</lei>
        <title>Bollore SE EUR0.16</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000039299"/>
          <ticker value="BOL"/>
          <other otherDesc="SEDOL" value="4572709"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Siemens Energy AG</name>
        <lei>5299005CHJZ14D4FDJ62</lei>
        <title>Siemens Energy AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000ENER6Y0"/>
          <ticker value="ENR"/>
          <other otherDesc="SEDOL" value="BMTVQK9"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MFE-MediaForEurope NV</name>
        <lei>213800DIFN7NR7B97A50</lei>
        <title>MFE-MediaForEurope NV EUR0.06 A</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MTU Aero Engines AG</name>
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        <title>MTU Aero Engines AG NPV (REGD)</title>
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        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>KBC Group NV</name>
        <lei>213800X3Q9LSAKRUWY91</lei>
        <title>KBC Group NV NPV</title>
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          <isin value="BE0003565737"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Wavestone SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Compagnie des Alpes SA</name>
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        <name>Nagarro SE</name>
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        <name>Sesa S.p.A. (Gia/ Made In Italy 1 SpA)</name>
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        <assetCat>EC</assetCat>
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        <name>Linea Directa Aseguradora S.A.</name>
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        <title>Linea Directa Aseguradora S.A. EUR0.04</title>
        <cusip>000000000</cusip>
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        <invCountry>ES</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Vidrala SA</name>
        <lei>95980020140005399488</lei>
        <title>Vidrala SA EUR1.02</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>YIT Corp</name>
        <lei>529900M13GM4VSTE6W80</lei>
        <title>YIT Corp NPV</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Fugro N.V.</name>
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      <invstOrSec>
        <name>Argan</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Citycon Oyj</name>
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      <invstOrSec>
        <name>TERNA - Rete Elettrica Nazionale S.p.A.</name>
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      <invstOrSec>
        <name>Axa SA</name>
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        <name>EDP SA</name>
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      <invstOrSec>
        <name>Glanbia PLC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Lenzing AG</name>
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      <invstOrSec>
        <name>Interpump Group S.p.A.</name>
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        <name>Elmos Semiconductor Se</name>
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        <name>Proximus S.A</name>
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        <name>Interparfums SA</name>
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        <name>Galapagos NV</name>
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        <name>K &amp; S AG</name>
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        <name>Glenveagh Properties PLC</name>
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        <name>Banca Popolare Di Sondrio SpA.</name>
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        <name>Jungheinrich AG</name>
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        <name>Freenet AG</name>
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        <name>Exail Technologies</name>
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        <name>Unipol Assicurazioni S.p.A.</name>
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        <name>CA Immobilien Anlagen AG</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Accor SA</name>
        <lei>969500QZC2Q0TK11NV07</lei>
        <title>Accor SA EUR3</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000120404"/>
          <ticker value="AC"/>
          <other otherDesc="SEDOL" value="5852842"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>ABN AMRO Bank N.V.</name>
        <lei>BFXS5XCH7N0Y05NIXW11</lei>
        <title>ABN AMRO Bank N.V. DR EACH REP SHS</title>
        <cusip>000000000</cusip>
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          <isin value="NL0011540547"/>
          <ticker value="ABN"/>
          <other otherDesc="SEDOL" value="BYQP136"/>
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        <balance>5038.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>NL</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GEA Group AG</name>
        <lei>549300PHUU0ZZWO8EO07</lei>
        <title>GEA Group AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0006602006"/>
          <ticker value="G1A"/>
          <other otherDesc="SEDOL" value="4557104"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Eramet S.A.</name>
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          <isin value="FR0000131757"/>
          <ticker value="ERA"/>
          <other otherDesc="SEDOL" value="4017017"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metsa Board Corp.</name>
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        <title>Metsa Board Corp. ORD'B'NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FI0009000665"/>
          <ticker value="METSB"/>
          <other otherDesc="SEDOL" value="5071432"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Coface SA</name>
        <lei>96950025N07LTJYFSN57</lei>
        <title>Coface SA EUR2.00</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0010667147"/>
          <ticker value="COFA"/>
          <other otherDesc="SEDOL" value="BNFWV75"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SES S.A.</name>
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        <cusip>000000000</cusip>
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          <isin value="LU0088087324"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>LU</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ipsos SA</name>
        <lei>9695002OY2X35E9X8W87</lei>
        <title>Ipsos SA EUR0.25</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000073298"/>
          <ticker value="IPS"/>
          <other otherDesc="SEDOL" value="B188NJ2"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Trigano SA</name>
        <lei>969500KLZPNMO8TUM811</lei>
        <title>Trigano SA EUR4.25678</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0005691656"/>
          <ticker value="TRI"/>
          <other otherDesc="SEDOL" value="4457624"/>
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        <balance>65.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HORNBACH Holding KGaA</name>
        <lei>529900EGQZ79V21LBL44</lei>
        <title>HORNBACH Holding KGaA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0006083405"/>
          <ticker value="HBH"/>
          <other otherDesc="SEDOL" value="BZBWTJ1"/>
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        <balance>73.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Eni SpA</name>
        <lei>BUCRF72VH5RBN7X3VL35</lei>
        <title>Eni SpA NPV</title>
        <cusip>000000000</cusip>
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          <isin value="IT0003132476"/>
          <ticker value="ENI"/>
          <other otherDesc="SEDOL" value="7145056"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>D'Ieteren Group</name>
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        <title>D'Ieteren Group NPV</title>
        <cusip>000000000</cusip>
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          <isin value="BE0974259880"/>
          <ticker value="DIE"/>
          <other otherDesc="SEDOL" value="4247494"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Wienerberger AG</name>
        <lei>529900VXIFBHO0SW2I31</lei>
        <title>Wienerberger AG NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AT0000831706"/>
          <ticker value="WIE"/>
          <other otherDesc="SEDOL" value="5699373"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Pfisterer Holding SE</name>
        <lei>529900APPYG9TGZYS639</lei>
        <title>Pfisterer Holding SE NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE000PFSE212"/>
          <ticker value="PFSE"/>
          <other otherDesc="SEDOL" value="BQ81M33"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Allfunds Group Plc</name>
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        <title>Allfunds Group Plc EUR0.0025</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BNTJ3546"/>
          <ticker value="ALLFG"/>
          <other otherDesc="SEDOL" value="BNTJ354"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>WIIT S.p.A.</name>
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          <isin value="IT0005440893"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IT</invCountry>
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      <invstOrSec>
        <name>Ryanair Holdings PLC</name>
        <lei>635400BR2ROC1FVEBQ56</lei>
        <title>Ryanair Holdings PLC ORD EUR0.006</title>
        <cusip>000000000</cusip>
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          <isin value="IE00BYTBXV33"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>
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      <invstOrSec>
        <name>Naturgy Energy Group S.A.</name>
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        <title>Naturgy Energy Group S.A. EUR1</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>CIE Automotive SA</name>
        <lei>95980020140005381252</lei>
        <title>CIE Automotive SA EUR0.25</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>ES</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Ishares Inc</name>
        <lei>549300MGJZCNMJLBAJ67</lei>
        <title>Ishares Inc MSCI EURZONE ETF</title>
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          <ticker value="EZU"/>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HelloFresh SE</name>
        <lei>391200ZAF4V6XD2M9G57</lei>
        <title>HelloFresh SE NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE000A161408"/>
          <ticker value="HFG"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Viridien SA</name>
        <lei>969500FCVQ5SLAAUJV59</lei>
        <title>Viridien SA EUR1</title>
        <cusip>000000000</cusip>
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          <isin value="FR001400PVN6"/>
          <ticker value="VIRI"/>
          <other otherDesc="SEDOL" value="BR3YYH2"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Arcadis NV</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Societe Generale S.A.</name>
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          <isin value="FR0000130809"/>
          <ticker value="GLE"/>
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        <name>Equasens</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Montea NV</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Assystem</name>
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          <isin value="FR0000074148"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Gerresheimer AG</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Danieli &amp; C. Officine Meccaniche S.p.A.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Snam S.p.A.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ayvens SA</name>
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          <isin value="FR0013258662"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Television Francaise 1 SA</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Industrie De Nora S.p.A</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ATOSS Software SE</name>
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        <name>Soitec S.A.</name>
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        <name>Thyssenkrupp AG</name>
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        <name>Aurubis AG</name>
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        <name>Capgemini SE</name>
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        <name>Danone SA</name>
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        <name>Fincantieri S.p.A.</name>
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        <name>Valeo SE</name>
        <lei>5493006IH2N2WMIBB742</lei>
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        <name>Elisa OYJ</name>
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        <name>Redeia Corporacion S.A.</name>
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        <name>SEB SA</name>
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        <name>Metropole Television-(M6)</name>
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        <name>Covivio SA</name>
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        <name>Bayerische Motoren Werke AG</name>
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        <name>Bayerische Motoren Werke AG</name>
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        <name>GFT Technologies SE</name>
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        <name>Jcdecaux SE</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Kemira Oyj</name>
        <lei>74370031Y7RK5H88CQ48</lei>
        <title>Kemira Oyj NPV</title>
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          <isin value="FI0009004824"/>
          <ticker value="KEMIRA"/>
          <other otherDesc="SEDOL" value="4513612"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Imerys S.A.</name>
        <lei>54930075MZSSIB2TGC64</lei>
        <title>Imerys S.A. EUR2</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000120859"/>
          <ticker value="NK"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Amundi SA</name>
        <lei>96950010FL2T1TJKR531</lei>
        <title>Amundi SA EUR2.5</title>
        <cusip>000000000</cusip>
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          <isin value="FR0004125920"/>
          <ticker value="AMUN"/>
          <other otherDesc="SEDOL" value="BYZR014"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Wereldhave NV</name>
        <lei>724500YRQCY3BD9RJZ92</lei>
        <title>Wereldhave NV EUR1</title>
        <cusip>000000000</cusip>
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          <isin value="NL0000289213"/>
          <ticker value="WHA"/>
          <other otherDesc="SEDOL" value="4948623"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ceconomy AG</name>
        <lei>5299001X9L42HXEBCZ51</lei>
        <title>Ceconomy AG NPV (JINGDONG HOLD CASH 10/11/2025)</title>
        <cusip>000000000</cusip>
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          <isin value="DE000A40ZVV0"/>
          <ticker value="CECV"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Zignago Vetro SpA</name>
        <lei>815600DFC29A91FF0C71</lei>
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        <cusip>000000000</cusip>
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          <isin value="IT0004171440"/>
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          <other otherDesc="SEDOL" value="B1Y0SZ3"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Deutsche Lufthansa AG</name>
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        <title>Deutsche Lufthansa AG ORD NPV (REGD)(VINK)</title>
        <cusip>000000000</cusip>
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          <isin value="DE0008232125"/>
          <ticker value="LHA"/>
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        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Etablissements Maurel &amp; Prom S.A.</name>
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        <cusip>000000000</cusip>
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          <isin value="FR0000051070"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Wacker Chemie AG</name>
        <lei>0NURKC5Q3CJYZPPK5046</lei>
        <title>Wacker Chemie AG NPV(BR)</title>
        <cusip>000000000</cusip>
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          <isin value="DE000WCH8881"/>
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          <other otherDesc="SEDOL" value="B11Y568"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Adesso AG</name>
        <lei>529900KOICE97ZSA1O52</lei>
        <title>Adesso AG NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE000A0Z23Q5"/>
          <ticker value="ADN1"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Rexel, S.A.</name>
        <lei>969500N6AVPA51648T62</lei>
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        <cusip>000000000</cusip>
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          <isin value="FR0010451203"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Metso Oyj</name>
        <lei>549300R0VN9C371W0E07</lei>
        <title>Metso Oyj NPV</title>
        <cusip>000000000</cusip>
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          <isin value="FI0009014575"/>
          <ticker value="METSO"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FI</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>TAG Immobilien AG</name>
        <lei>529900TAE68USJNXLR59</lei>
        <title>TAG Immobilien AG NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE0008303504"/>
          <ticker value="TEG"/>
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        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Cancom SE</name>
        <lei>391200T4AUN1BPBXAO14</lei>
        <title>Cancom SE NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE0005419105"/>
          <ticker value="COK"/>
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        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Bekaert SA</name>
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        <title>Bekaert SA NPV</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>BE</invCountry>
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        <name>Dassault Systemes</name>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <name>Shurgard Self Storage Ltd</name>
        <lei>549300J0UEIKU81XO336</lei>
        <title>Shurgard Self Storage Ltd NPV</title>
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        <assetCat>EC</assetCat>
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        <invCountry>GG</invCountry>

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        <name>Sacyr SA</name>
        <lei>959800XKAB9VNAVN9425</lei>
        <title>Sacyr SA EUR1</title>
        <cusip>000000000</cusip>
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        <invCountry>ES</invCountry>
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        <name>FDJ United SA</name>
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        <title>FDJ United SA EUR0.40</title>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Gaztransport Et Technigaz SA</name>
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        <title>Gaztransport Et Technigaz SA EUR0.01</title>
        <cusip>000000000</cusip>
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          <ticker value="GTT"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Piaggio &amp; C. S.p.A.</name>
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        <title>Piaggio &amp; C. S.p.A. NPV</title>
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        <assetCat>EC</assetCat>
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        <invCountry>IT</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Befesa SA</name>
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        <name>ProSiebenSat.1 Media SE</name>
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        <name>Teamviewer SE</name>
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        <name>Vossloh AG</name>
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        <name>Fielmann Group AG</name>
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        <name>Indra Sistemas S.A.</name>
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        <name>Banco Santander SA</name>
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        <name>Beiersdorf AG</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Tessenderlo Group N.V.</name>
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        <name>Banco BPM S.p.A.</name>
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        <name>INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA</name>
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        <name>Marr Spa</name>
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      <invstOrSec>
        <name>Aroundtown SA</name>
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      <invstOrSec>
        <name>Leonardo S.p.A.</name>
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      <invstOrSec>
        <name>Eckert &amp; Ziegler SE</name>
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      <invstOrSec>
        <name>Kaufman &amp; Broad SA</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Grifols S.A.</name>
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        <name>Sopra Steria Group SA</name>
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        <name>Hugo Boss AG</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Schneider Electric SE</name>
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        <name>Bayer AG</name>
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        <name>SUSS MicroTec SE</name>
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        <name>Nemetschek SE</name>
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        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Deutsche Telekom AG</name>
        <lei>549300V9QSIG4WX4GJ96</lei>
        <title>Deutsche Telekom AG NPV(REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0005557508"/>
          <ticker value="DTE"/>
          <other otherDesc="SEDOL" value="5842359"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Industria De Diseno Textil SA</name>
        <lei>549300TTCXZOGZM2EY83</lei>
        <title>Industria De Diseno Textil SA EUR0.03 (POST SUBD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0148396007"/>
          <ticker value="ITX"/>
          <other otherDesc="SEDOL" value="BP9DL90"/>
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        <balance>9354.00000000</balance>
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        <valUSD>628014.08000000</valUSD>
        <pctVal>0.850430839918</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Syensqo SA</name>
        <lei>549300060XNJ90PLNS10</lei>
        <title>Syensqo SA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0974464977"/>
          <ticker value="SYENS"/>
          <other otherDesc="SEDOL" value="BPSLYH4"/>
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        <balance>630.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ArcelorMittal S.A.</name>
        <lei>2EULGUTUI56JI9SAL165</lei>
        <title>ArcelorMittal S.A. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="LU1598757687"/>
          <ticker value="MT"/>
          <other otherDesc="SEDOL" value="BYPBS67"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Ferrovial SE</name>
        <lei>72450022R2ZFL41Y6I04</lei>
        <title>Ferrovial SE EUR0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0015001FS8"/>
          <ticker value="FER"/>
          <other otherDesc="SEDOL" value="BRS7CF0"/>
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        <balance>4390.00000000</balance>
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        <valUSD>327625.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Maire S.p.A.</name>
        <lei>815600D85A61200A1B83</lei>
        <title>Maire S.p.A. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0004931058"/>
          <ticker value="MAIRE"/>
          <other otherDesc="SEDOL" value="BBGTNT7"/>
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        <balance>1176.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
        <valUSD>21343.68000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Intercos S.p.A</name>
        <lei>8156004C3711C92F7648</lei>
        <title>Intercos S.p.A NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0005455875"/>
          <ticker value="ICOS"/>
          <other otherDesc="SEDOL" value="BNT8D28"/>
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        <balance>450.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ionos Group SE</name>
        <lei>391200NQNTF0AP2MP438</lei>
        <title>Ionos Group SE NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000A3E00M1"/>
          <ticker value="IOS"/>
          <other otherDesc="SEDOL" value="BPRD664"/>
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        <balance>438.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pharvaris N V</name>
        <lei>9845003BE146D3B75D32</lei>
        <title>Pharvaris N V COM</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL00150005Y4"/>
          <ticker value="PHVS"/>
          <other otherDesc="SEDOL" value="BMZ2X38"/>
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        <balance>176.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4996.64000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CMB.TECH NV</name>
        <lei>549300D80RYON74MEJ03</lei>
        <title>CMB.TECH NV NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0003816338"/>
          <ticker value="CMBT"/>
          <other otherDesc="SEDOL" value="B04M8J6"/>
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        <balance>1063.00000000</balance>
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        <valUSD>15625.16000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dassault Aviation SA</name>
        <lei>969500CVFTUT88V8QN95</lei>
        <title>Dassault Aviation SA EUR0.80</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0014004L86"/>
          <ticker value="AM"/>
          <other otherDesc="SEDOL" value="BMT9L19"/>
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        <balance>160.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Seche Environnement</name>
        <lei>969500R9ENNIN33POO20</lei>
        <title>Seche Environnement EUR0.20</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000039109"/>
          <ticker value="SCHP"/>
          <other otherDesc="SEDOL" value="5366837"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sanlorenzo S.p.A.</name>
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        <title>Sanlorenzo S.p.A. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="IT0003549422"/>
          <ticker value="SL"/>
          <other otherDesc="SEDOL" value="BKKCLZ7"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CSG NV</name>
        <lei>31570078IM9ILNPQUB16</lei>
        <title>CSG NV NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0015073TS8"/>
          <ticker value="CSG"/>
          <other otherDesc="SEDOL" value="BTQKW99"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Randstad N.V</name>
        <lei>7245009EAAUUQJ0U4T57</lei>
        <title>Randstad N.V EUR0.10</title>
        <cusip>000000000</cusip>
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          <isin value="NL0000379121"/>
          <ticker value="RAND"/>
          <other otherDesc="SEDOL" value="5228658"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hermes International</name>
        <lei>969500Y4IJGHJE2MTJ13</lei>
        <title>Hermes International NPV</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000052292"/>
          <ticker value="RMS"/>
          <other otherDesc="SEDOL" value="5253973"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Poste Italiane S.p.A.</name>
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        <title>Poste Italiane S.p.A. NPV</title>
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          <isin value="IT0003796171"/>
          <ticker value="PST"/>
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        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IT</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Porr AG</name>
        <lei>529900ARBU9SBJFNX419</lei>
        <title>Porr AG NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AT0000609607"/>
          <ticker value="POS"/>
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        <assetCat>EC</assetCat>
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        <invCountry>AT</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Merlin Properties Socimi SA</name>
        <lei>959800L8KD863DP30X04</lei>
        <title>Merlin Properties Socimi SA EUR1</title>
        <cusip>000000000</cusip>
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          <isin value="ES0105025003"/>
          <ticker value="MRL"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sampo PLC</name>
        <lei>743700UF3RL386WIDA22</lei>
        <title>Sampo PLC NPV A</title>
        <cusip>000000000</cusip>
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          <isin value="FI4000552500"/>
          <ticker value="SAMPO"/>
          <other otherDesc="SEDOL" value="BMXX645"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Xior Student Housing NV</name>
        <lei>549300JK7HFOCP0U8K85</lei>
        <title>Xior Student Housing NV NPV</title>
        <cusip>000000000</cusip>
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          <isin value="BE0974288202"/>
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          <other otherDesc="SEDOL" value="BZ1NNF8"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Forvia SE</name>
        <lei>969500F0VMZLK2IULV85</lei>
        <title>Forvia SE EUR7</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000121147"/>
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      <invstOrSec>
        <name>Groupe Bruxelles Lambert SA</name>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>TKMS AG &amp; Co. KGAA</name>
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      <invstOrSec>
        <name>Ubisoft Entertainment S.A.</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Elia Group SA/NV</name>
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        <assetCat>EC</assetCat>
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        <name>Valneva SE</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>ERG S.p.A.</name>
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          <isin value="IT0001157020"/>
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        <assetCat>EC</assetCat>
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        <name>Ascopiave</name>
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          <isin value="IT0004093263"/>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Hensoldt AG</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Italmobiliare SpA</name>
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          <isin value="IT0005253205"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Kloeckner &amp; Co SE</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>OPmobility</name>
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        <name>Cofinimmo S.A./N.V.</name>
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        <name>Verbund AG</name>
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        <name>Webuild SPA</name>
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        <name>Antin Infrastructure Partners SA</name>
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        <name>JDE Peets N.V</name>
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        <name>Ackermans &amp; Van Haaren NV</name>
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        <name>Cir Compagnie Industriali Riunite S.p.A</name>
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        <name>Ipsen SA</name>
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        <name>Jeronimo Martins - S.G.P.S., S.A.</name>
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        <name>Verbio SE</name>
        <lei>529900W51PINCFFALS96</lei>
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      <invstOrSec>
        <name>Aedifica SA</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Technoprobe SpA</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Klepierre SA</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Adidas AG</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nordea Bank ABP</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Eiffage SA</name>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Henkel AG &amp; Co. KGaA</name>
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        <assetCat>EP</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Telecom Italia S.p.A.</name>
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        <assetCat>EP</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Dermapharm Holding SE</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Vastned NV</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Voltalia SA</name>
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        <name>Kion Group AG</name>
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        <name>The Bank of New York Mellon</name>
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        <name>Moncler S.p.A.</name>
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        <name>Robertet SA</name>
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        <name>Evotec SE</name>
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        <name>Koninklijke Bam Groep NV</name>
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        <name>SMA Solar Technology AG</name>
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        <name>Hypoport SE</name>
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        <name>Credit Agricole S.A.</name>
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        <name>Air France KLM</name>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNIQA Insurance Group AG</name>
        <lei>529900OOW8ELHOXWZP82</lei>
        <title>UNIQA Insurance Group AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AT0000821103"/>
          <ticker value="UQA"/>
          <other otherDesc="SEDOL" value="4422332"/>
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        <balance>922.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
        <valUSD>18237.16000000</valUSD>
        <pctVal>0.024696012064</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sodexo S.A.</name>
        <lei>969500LCBOG12HXPYM84</lei>
        <title>Sodexo S.A. EUR4</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000121220"/>
          <ticker value="SW"/>
          <other otherDesc="SEDOL" value="7062713"/>
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        <balance>780.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
        <valUSD>42764.50000000</valUSD>
        <pctVal>0.057909927200</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Planisware SA</name>
        <lei>969500356FAUM2X41Q59</lei>
        <title>Planisware SA EUR0.1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR001400PFU4"/>
          <ticker value="PLNW"/>
          <other otherDesc="SEDOL" value="BQLSWP3"/>
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        <balance>174.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
        <valUSD>3310.14000000</valUSD>
        <pctVal>0.004482455457</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Neste Oyj</name>
        <lei>5493009GY1X8GQ66AM14</lei>
        <title>Neste Oyj NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FI0009013296"/>
          <ticker value="NESTE"/>
          <other otherDesc="SEDOL" value="B06YV46"/>
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        <balance>3719.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
        <valUSD>93072.83000000</valUSD>
        <pctVal>0.126035398745</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Jenoptik AG</name>
        <lei>529900P34GDHGXK6VB37</lei>
        <title>Jenoptik AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000A2NB601"/>
          <ticker value="JEN"/>
          <other otherDesc="SEDOL" value="BGJVB13"/>
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        <balance>536.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
        <valUSD>17822.13000000</valUSD>
        <pctVal>0.024133995506</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Reply S.p.A.</name>
        <lei>815600DAEFB0388F3521</lei>
        <title>Reply S.p.A. EUR0.13(POST SUBD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0005282865"/>
          <ticker value="REY"/>
          <other otherDesc="SEDOL" value="BZ1DZ96"/>
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        <balance>184.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
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        <pctVal>0.026703335931</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Mersen SA</name>
        <lei>OQXDLNM5DTBULYMF5U27</lei>
        <title>Mersen SA EUR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000039620"/>
          <ticker value="MRN"/>
          <other otherDesc="SEDOL" value="5481202"/>
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        <balance>189.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
        <valUSD>6219.53000000</valUSD>
        <pctVal>0.008422231746</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sanofi SA</name>
        <lei>549300E9PC51EN656011</lei>
        <title>Sanofi SA EUR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000120578"/>
          <ticker value="SAN"/>
          <other otherDesc="SEDOL" value="5671735"/>
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        <balance>9433.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
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        <pctVal>1.240686495413</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BAWAG Group AG</name>
        <lei>529900S9YO2JHTIIDG38</lei>
        <title>BAWAG Group AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AT0000BAWAG2"/>
          <ticker value="BG"/>
          <other otherDesc="SEDOL" value="BZ1GZ06"/>
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        <balance>661.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
        <valUSD>103097.03000000</valUSD>
        <pctVal>0.139609758137</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Siemens AG</name>
        <lei>W38RGI023J3WT1HWRP32</lei>
        <title>Siemens AG NPV(REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0007236101"/>
          <ticker value="SIE"/>
          <other otherDesc="SEDOL" value="5727973"/>
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        <balance>6522.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
        <valUSD>1906563.50000000</valUSD>
        <pctVal>2.581789883856</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PostNL NV</name>
        <lei>724500Q41FHN0P1GPC53</lei>
        <title>PostNL NV EUR0.08</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0009739416"/>
          <ticker value="PNL"/>
          <other otherDesc="SEDOL" value="5481558"/>
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        <balance>4135.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
        <valUSD>5589.49000000</valUSD>
        <pctVal>0.007569057488</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Elior Group</name>
        <lei>969500LYSYS0E800SQ95</lei>
        <title>Elior Group EUR0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0011950732"/>
          <ticker value="ELIOR"/>
          <other otherDesc="SEDOL" value="BN40H61"/>
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        <balance>784.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
        <valUSD>2580.88000000</valUSD>
        <pctVal>0.003494921556</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Altarea SCA</name>
        <lei>969500ICGCY1PD6OT783</lei>
        <title>Altarea SCA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000033219"/>
          <ticker value="ALTA"/>
          <other otherDesc="SEDOL" value="4821638"/>
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        <balance>49.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CVC Capital Partners PLC</name>
        <lei>213800E8UQS1KA32YD39</lei>
        <title>CVC Capital Partners PLC ORD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JE00BRX98089"/>
          <ticker value="CVC"/>
          <other otherDesc="SEDOL" value="BRX9808"/>
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        <balance>1831.00000000</balance>
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        <pctVal>0.035420530563</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ovs S.P.A</name>
        <lei>8156001A772766DCAA71</lei>
        <title>Ovs S.P.A NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0005043507"/>
          <ticker value="OVS"/>
          <other otherDesc="SEDOL" value="BW0D7R8"/>
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        <balance>1733.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DWS GOVERNMENT MONEY MARKET SERIES INSTITUTIONAL SHARES</name>
        <lei>N/A</lei>
        <title>DWS GOVERNMENT MONEY MARKET SERIES INSTITUTIONAL SHARES</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="X9USDDGMS"/>
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        <balance>293349.50000000</balance>
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        <curCd>USD</curCd>
        <valUSD>293349.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pluxee NV</name>
        <lei>213800RQNIQT48SEEO85</lei>
        <title>Pluxee NV EUR0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0015001W49"/>
          <ticker value="PLX"/>
          <other otherDesc="SEDOL" value="BPK85C5"/>
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        <balance>814.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hochtief AG</name>
        <lei>529900Y25S8NZIYTT924</lei>
        <title>Hochtief AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0006070006"/>
          <ticker value="HOT"/>
          <other otherDesc="SEDOL" value="5108664"/>
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        <balance>133.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TotalEnergies SE</name>
        <lei>529900S21EQ1BO4ESM68</lei>
        <title>TotalEnergies SE EUR2.5</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000120271"/>
          <ticker value="TTE"/>
          <other otherDesc="SEDOL" value="B15C557"/>
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        <balance>17047.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sofina SA</name>
        <lei>5493000GMVR38VUO5D39</lei>
        <title>Sofina SA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0003717312"/>
          <ticker value="SOF"/>
          <other otherDesc="SEDOL" value="4820301"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Energiekontor Ag</name>
        <lei>529900MCVP6QF0PTPQ72</lei>
        <title>Energiekontor Ag NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0005313506"/>
          <ticker value="EKT"/>
          <other otherDesc="SEDOL" value="5970982"/>
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        <balance>67.00000000</balance>
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        <valUSD>3099.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DO &amp; CO AG</name>
        <lei>5299002NFQKOBT1E8569</lei>
        <title>DO &amp; CO AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AT0000818802"/>
          <ticker value="DOC"/>
          <other otherDesc="SEDOL" value="5492345"/>
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        <balance>68.00000000</balance>
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      <invstOrSec>
        <name>DSM Firmenich AG</name>
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      <invstOrSec>
        <name>Koninklijke KPN N.V.</name>
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      <invstOrSec>
        <name>Adyen NV</name>
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      <invstOrSec>
        <name>Fraport AG</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Heidelberg Materials AG</name>
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          <isin value="DE0006047004"/>
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        <name>NN Group N.V.</name>
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          <isin value="NL0010773842"/>
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        <name>UCB SA</name>
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          <isin value="BE0003739530"/>
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      <invstOrSec>
        <name>Banco Bilbao Vizcaya Argentaria SA</name>
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      <invstOrSec>
        <name>Aena SME S.A.</name>
        <lei>959800R7QMXKF0NFMT29</lei>
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        <name>Oesterreichische Post AG</name>
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          <isin value="AT0000APOST4"/>
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        <assetCat>EC</assetCat>
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        <name>Warehouse De Pauw SCA</name>
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        <name>iShares Trust</name>
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        <name>Worldline SA</name>
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        <name>Prosegur Compania de Seguridad SA</name>
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        <name>Krones AG</name>
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        <name>Patrizia SE</name>
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        <name>Enagas SA</name>
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        <name>Bilfinger SE</name>
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        <name>Melexis NV</name>
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        <name>BPER Banca S.p.A.</name>
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        <name>Fagron NV</name>
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        <name>Eurofins Scientific SE</name>
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        <name>Salvatore Ferragamo S.p.A.</name>
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        <name>FlatexDEGIRO SE</name>
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        <name>Recticel NV</name>
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        <name>Jost Werke SE</name>
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        <name>Almirall SA</name>
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        <name>Manitou BF</name>
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        <name>Huhtamaki Oyj</name>
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        <name>Endesa SA - Empresa Nacional Electricidad</name>
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        <name>GRENKE AG</name>
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        <name>Carmila SAS</name>
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        <name>Universal Music Group N.V</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Gestamp Automocion S A</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Icade SA</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Siemens Healthineers AG</name>
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      <invstOrSec>
        <name>Anheuser-Busch Inbev SA/NV</name>
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      <invstOrSec>
        <name>AT &amp; S Austria Technologie &amp; Systemtechnik AG</name>
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        <name>Fresenius Medical Care AG</name>
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        <name>Prosegur Cash SA</name>
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        <name>Deutsche Pfandbriefbank AG</name>
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        <name>Magnum Ice Cream Co. NV (The)</name>
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        <name>Konecranes Oyj</name>
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        <name>Vienna Insurance Group AG Wiener Versicherung Gruppe</name>
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        <invCountry>AT</invCountry>
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        <name>Umicore S.A.</name>
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        <name>FLOW TRADERS LTD</name>
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        <name>MedinCell SA</name>
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        <name>Saf Holland SE</name>
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        <name>IMCD NV</name>
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        <name>Banca Monte dei Paschi di Siena S.p.A.</name>
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        <name>Munich Reinsurance AG</name>
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        <name>Eurocommercial Properties N.V</name>
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        <name>Mandatum Oyj</name>
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        <name>Getlink SE</name>
        <lei>9695007ZEQ7M0OE74G82</lei>
        <title>Getlink SE EUR0.40</title>
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      <invstOrSec>
        <name>Pne Ag</name>
        <lei>391200KEHI6OQSGGN373</lei>
        <title>Pne Ag NPV (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000A0JBPG2"/>
          <ticker value="PNE3"/>
          <other otherDesc="SEDOL" value="B0QCZ26"/>
        </identifiers>
        <balance>283.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
        <valUSD>2922.60000000</valUSD>
        <pctVal>0.003957664727</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2230.67329387"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Scout24 SE</name>
        <lei>5493007EIKM2ENQS7U66</lei>
        <title>Scout24 SE NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000A12DM80"/>
          <ticker value="G24"/>
          <other otherDesc="SEDOL" value="BYT9340"/>
        </identifiers>
        <balance>669.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
        <valUSD>57112.97000000</valUSD>
        <pctVal>0.077340035190</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Melia Hotels International S.A.</name>
        <lei>959800JRKSZ6YZD4EL80</lei>
        <title>Melia Hotels International S.A. EUR0.2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0176252718"/>
          <ticker value="MEL"/>
          <other otherDesc="SEDOL" value="5738298"/>
        </identifiers>
        <balance>816.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
        <valUSD>8041.31000000</valUSD>
        <pctVal>0.010889211301</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cirsa Enterprises SA</name>
        <lei>254900PU87HSLE4V5K18</lei>
        <title>Cirsa Enterprises SA EUR0.5</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0105884011"/>
          <ticker value="CIRSA"/>
          <other otherDesc="SEDOL" value="BS87QN3"/>
        </identifiers>
        <balance>422.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
        <valUSD>7140.46000000</valUSD>
        <pctVal>0.009669317279</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Unibail-Rodamco-Westfield SE</name>
        <lei>969500SHQITWXSIS7N89</lei>
        <title>Unibail-Rodamco-Westfield SE NPV (1 ORD UNIBAIL-R &amp; 1CLASS A WFD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0013326246"/>
          <ticker value="URW"/>
          <other otherDesc="SEDOL" value="BF2PQ09"/>
        </identifiers>
        <balance>1063.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
        <valUSD>133328.82000000</valUSD>
        <pctVal>0.180548404866</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Emeis SA</name>
        <lei>969500LHIH3NT7PK1V89</lei>
        <title>Emeis SA EUR0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR001400NLM4"/>
          <ticker value="EMEIS"/>
          <other otherDesc="SEDOL" value="BR1WF20"/>
        </identifiers>
        <balance>754.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
        <valUSD>13702.46000000</valUSD>
        <pctVal>0.018555307815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Repsol SA</name>
        <lei>BSYCX13Y0NOTV14V9N85</lei>
        <title>Repsol SA EUR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0173516115"/>
          <ticker value="REP"/>
          <other otherDesc="SEDOL" value="5669354"/>
        </identifiers>
        <balance>9696.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
        <valUSD>217851.08000000</valUSD>
        <pctVal>0.295004973362</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Andritz AG</name>
        <lei>549300VZKC61IR5U8G96</lei>
        <title>Andritz AG NPV (BR)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AT0000730007"/>
          <ticker value="ANDR"/>
          <other otherDesc="SEDOL" value="B1WVF68"/>
        </identifiers>
        <balance>573.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
        <valUSD>49797.56000000</valUSD>
        <pctVal>0.067433807816</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tietoevry Oyj</name>
        <lei>549300EW2KM4KROKQV31</lei>
        <title>Tietoevry Oyj NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FI0009000277"/>
          <ticker value="TIETO"/>
          <other otherDesc="SEDOL" value="5479702"/>
        </identifiers>
        <balance>943.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
        <valUSD>21148.46000000</valUSD>
        <pctVal>0.028638374796</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Stellantis N.V</name>
        <lei>549300LKT9PW7ZIBDF31</lei>
        <title>Stellantis N.V COM EUR0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL00150001Q9"/>
          <ticker value="STLAM"/>
          <other otherDesc="SEDOL" value="BMD8KX7"/>
        </identifiers>
        <balance>17242.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84630950"/>
        <valUSD>141410.11000000</valUSD>
        <pctVal>0.191491755440</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-04-29</ncom:dateSigned>
      <ncom:nameOfApplicant>DBX ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Diane Kenneally</ncom:signature>
      <ncom:signerName>Diane Kenneally</ncom:signerName>
      <ncom:title>Treasurer and Chief Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
