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        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Publicis Groupe SA</name>
        <lei>2138004KW8BV57III342</lei>
        <title>Publicis Groupe SA EUR0.40</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000130577"/>
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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>Coca-Cola Europacific Partners PLC</name>
        <lei>549300LTH67W4GWMRF57</lei>
        <title>Coca-Cola Europacific Partners PLC COM EUR0.01</title>
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          <isin value="GB00BDCPN049"/>
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        <balance>1237.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Contact Energy Ltd</name>
        <lei>549300FT5JOXS1PZ1I32</lei>
        <title>Contact Energy Ltd NPV</title>
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          <isin value="NZCENE0001S6"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Recruit Holdings Co Ltd.</name>
        <lei>353800R2LRSMVVC4I806</lei>
        <title>Recruit Holdings Co Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3970300004"/>
          <ticker value="6098"/>
          <other otherDesc="SEDOL" value="BQRRZ00"/>
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        <balance>8650.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cochlear Ltd</name>
        <lei>5493001OLLWY8KV5UC08</lei>
        <title>Cochlear Ltd ORD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000COH5"/>
          <ticker value="COH"/>
          <other otherDesc="SEDOL" value="6211798"/>
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        <balance>409.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.40321300"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas SA EUR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000131104"/>
          <ticker value="BNP"/>
          <other otherDesc="SEDOL" value="7309681"/>
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        <balance>6102.00000000</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>Enel S.p.A.</name>
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        <title>Enel S.p.A. EUR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0003128367"/>
          <ticker value="ENEL"/>
          <other otherDesc="SEDOL" value="7144569"/>
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        <balance>49146.00000000</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>Tesco PLC</name>
        <lei>2138002P5RNKC5W2JZ46</lei>
        <title>Tesco PLC ORD GBP0.0633333</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BLGZ9862"/>
          <ticker value="TSCO"/>
          <other otherDesc="SEDOL" value="BLGZ986"/>
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        <balance>38520.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Akzo Nobel N.V.</name>
        <lei>724500XYIJUGXAA5QD70</lei>
        <title>Akzo Nobel N.V. EUR0.50(POST REV SPLIT)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0013267909"/>
          <ticker value="AKZA"/>
          <other otherDesc="SEDOL" value="BJ2KSG2"/>
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        <balance>968.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
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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>Novonesis (Novozymes) B</name>
        <lei>529900T6WNZXD2R3JW38</lei>
        <title>Novonesis (Novozymes) B SER'B'DKK2</title>
        <cusip>000000000</cusip>
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          <isin value="DK0060336014"/>
          <ticker value="NSISB"/>
          <other otherDesc="SEDOL" value="B798FW0"/>
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        <balance>2184.00000000</balance>
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        <currencyConditional curCd="DKK" exchangeRt="6.32800000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Amadeus IT Group SA</name>
        <lei>9598004A3FTY3TEHHN09</lei>
        <title>Amadeus IT Group SA EUR0.01</title>
        <cusip>000000000</cusip>
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          <isin value="ES0109067019"/>
          <ticker value="AMS"/>
          <other otherDesc="SEDOL" value="B3MSM28"/>
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        <balance>2691.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>ES</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bouygues SA</name>
        <lei>969500MOCLNQFNZN0D63</lei>
        <title>Bouygues SA EUR1</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000120503"/>
          <ticker value="EN"/>
          <other otherDesc="SEDOL" value="4002121"/>
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        <balance>1127.00000000</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>National Grid PLC</name>
        <lei>8R95QZMKZLJX5Q2XR704</lei>
        <title>National Grid PLC ORD GBP0.12431289</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BDR05C01"/>
          <ticker value="NG/"/>
          <other otherDesc="SEDOL" value="BDR05C0"/>
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        <balance>29944.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sumitomo Metal Mining Co Ltd.</name>
        <lei>353800CF81IXL9974H84</lei>
        <title>Sumitomo Metal Mining Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3402600005"/>
          <ticker value="5713"/>
          <other otherDesc="SEDOL" value="6858849"/>
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        <balance>1453.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Relx PLC</name>
        <lei>549300WSX3VBUFFJOO66</lei>
        <title>Relx PLC ORD GBP0.1444</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B2B0DG97"/>
          <ticker value="REL"/>
          <other otherDesc="SEDOL" value="B2B0DG9"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Kering S.A.</name>
        <lei>549300VGEJKB7SVUZR78</lei>
        <title>Kering S.A. EUR4</title>
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          <other otherDesc="SEDOL" value="5505072"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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      <invstOrSec>
        <name>Brambles Ltd.</name>
        <lei>N/A</lei>
        <title>Brambles Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000BXB1"/>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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      <invstOrSec>
        <name>Sembcorp Industries Ltd.</name>
        <lei>254900J0FF14U6TPQM96</lei>
        <title>Sembcorp Industries Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SG1R50925390"/>
          <ticker value="SCI"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
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      <invstOrSec>
        <name>SPOTIFY TECHNOLOGY SA</name>
        <lei>549300B4X0JHWV0DTD60</lei>
        <title>Spotify Technology S.A. COM EUR0.000625</title>
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          <isin value="LU1778762911"/>
          <ticker value="SPOT"/>
          <other otherDesc="SEDOL" value="BFZ1K46"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AP Moller-Maersk</name>
        <lei>549300D2K6PKKKXVNN73</lei>
        <title>AP Moller-Maersk SER'A'DKK1000</title>
        <cusip>000000000</cusip>
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          <ticker value="MAERSKA"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Novartis AG</name>
        <lei>5493007HIVTX6SY6XD66</lei>
        <title>Novartis AG CHF0.49 (REGD)</title>
        <cusip>000000000</cusip>
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          <other otherDesc="SEDOL" value="7103065"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>ING Groep N.V.</name>
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        <title>ING Groep N.V. EUR0.01</title>
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          <isin value="NL0011821202"/>
          <ticker value="INGA"/>
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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>JFE Holdings, Inc.</name>
        <lei>3538002Y11Y03NA9B530</lei>
        <title>JFE Holdings, Inc. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3386030005"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sika AG</name>
        <lei>549300R3N69ECGYPU434</lei>
        <title>Sika AG CHF0.01 (REG)</title>
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          <isin value="CH0418792922"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Air Liquide S.A.(L')</name>
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        <title>Air Liquide S.A.(L') EUR5.50</title>
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          <isin value="FR0000120073"/>
          <ticker value="AI"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Givaudan SA</name>
        <lei>213800SVRMQA1TD91D41</lei>
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        <cusip>000000000</cusip>
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          <isin value="CH0010645932"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Suntory Beverage &amp; Food Ltd</name>
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        <title>Suntory Beverage &amp; Food Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3336560002"/>
          <ticker value="2587"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Renesas Electronics Corp.</name>
        <lei>5299000EPC47VJQOFB81</lei>
        <title>Renesas Electronics Corp. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3164720009"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Wisetech Global Ltd.</name>
        <lei>254900VE3AF301Q85K83</lei>
        <title>Wisetech Global Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000WTC3"/>
          <ticker value="WTC"/>
          <other otherDesc="SEDOL" value="BZ8GX83"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sumitomo Mitsui Trust Group Inc.</name>
        <lei>353800P843RLCDBLNT17</lei>
        <title>Sumitomo Mitsui Trust Group Inc. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3892100003"/>
          <ticker value="8309"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Shimano Inc.</name>
        <lei>529900L32YT3P9DECR10</lei>
        <title>Shimano Inc. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3358000002"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Dai Nippon Printing Co Ltd.</name>
        <lei>529900S7NFNQ4FT6OP83</lei>
        <title>Dai Nippon Printing Co Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3493800001"/>
          <ticker value="7912"/>
          <other otherDesc="SEDOL" value="6250906"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sysmex Corp.</name>
        <lei>5299001ZO4CKWACMZI55</lei>
        <title>Sysmex Corp. NPV</title>
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          <isin value="JP3351100007"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ASML Holding N.V.</name>
        <lei>724500Y6DUVHQD6OXN27</lei>
        <title>ASML Holding N.V. EUR0.09</title>
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        <assetCat>EC</assetCat>
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        <invCountry>NL</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Iberdrola, S.A.</name>
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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>Antofagasta PLC</name>
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        <title>Antofagasta PLC ORD GBP0.05</title>
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        <invCountry>GB</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>VAT Group AG</name>
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        <name>Beiersdorf AG</name>
        <lei>L47NHHI0Z9X22DV46U41</lei>
        <title>Beiersdorf AG NPV</title>
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        <name>Henkel AG &amp; Co. KGaA</name>
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        <name>Nokia Corp</name>
        <lei>549300A0JPRWG1KI7U06</lei>
        <title>Nokia Corp NPV</title>
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        <invCountry>FI</invCountry>
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        <name>KDDI Corp</name>
        <lei>5299003FU7V4I45FU310</lei>
        <title>KDDI Corp NPV</title>
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          <isin value="JP3496400007"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Legrand SA</name>
        <lei>969500XXRPGD7HCAFA90</lei>
        <title>Legrand SA EUR4</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nippon Yusen Kabushiki Kaisha</name>
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        <name>Tokio Marine Holdings Inc.</name>
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        <name>Aeon Co Ltd.</name>
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        <name>Subaru Corp.</name>
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        <name>DISCO Corp.</name>
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        <name>Atlas Copco AB</name>
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        <name>Smiths Group PLC</name>
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      <invstOrSec>
        <name>ORIX Corp.</name>
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      <invstOrSec>
        <name>Softbank Group Corp.</name>
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        <name>Assicurazioni Generali S.p.A.</name>
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        <name>HSBC Holdings PLC</name>
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        <name>Capcom Co Ltd.</name>
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        <name>Swisscom AG</name>
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        <name>Computershare Ltd.</name>
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        <name>Mowi ASA</name>
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        <name>Carrefour S.A.</name>
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        <assetCat>EC</assetCat>
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        <name>Pan Pacific International Holdings Corp.</name>
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        <name>Marubeni Corp.</name>
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        <name>Tokyu Corp</name>
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        <name>Mizuho Financial Group Inc.</name>
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        <name>United Overseas Bank Ltd.</name>
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        <name>Atlas Copco AB</name>
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        <name>Evolution AB</name>
        <lei>549300SUH6ZR1RF6TA88</lei>
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          <ticker value="EVO"/>
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        <balance>791.00000000</balance>
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        <pctVal>0.069310005784</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Shimadzu Corporation</name>
        <lei>353800Y64Z08WEH8PH97</lei>
        <title>Shimadzu Corporation NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3357200009"/>
          <ticker value="7701"/>
          <other otherDesc="SEDOL" value="6804369"/>
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        <balance>1440.00000000</balance>
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        <valUSD>40204.71000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Wolters Kluwer NV</name>
        <lei>724500TEM53I0U077B74</lei>
        <title>Wolters Kluwer NV EUR0.12</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0000395903"/>
          <ticker value="WKL"/>
          <other otherDesc="SEDOL" value="5671519"/>
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        <balance>1455.00000000</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>
      <invstOrSec>
        <name>UPM-Kymmene Corporation</name>
        <lei>213800EC6PW5VU4J9U64</lei>
        <title>UPM-Kymmene Corporation NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FI0009005987"/>
          <ticker value="UPM"/>
          <other otherDesc="SEDOL" value="5051252"/>
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        <balance>3030.00000000</balance>
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        <valUSD>96521.60000000</valUSD>
        <pctVal>0.139148397658</pctVal>
        <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>
      <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>3117.00000000</balance>
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        <pctVal>0.335098544940</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Bandai Namco Holdings Inc.</name>
        <lei>3538008EFEM34VRJDQ95</lei>
        <title>Bandai Namco Holdings Inc. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3778630008"/>
          <ticker value="7832"/>
          <other otherDesc="SEDOL" value="B0JDQD4"/>
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        <balance>3700.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.12500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Knorr-Bremse AG</name>
        <lei>5299001GRRO0Z25YZT52</lei>
        <title>Knorr-Bremse AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000KBX1006"/>
          <ticker value="KBX"/>
          <other otherDesc="SEDOL" value="BD2P9X9"/>
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        <balance>405.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
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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>Northern Star Resources Ltd.</name>
        <lei>254900XFXCRYYZAX6M78</lei>
        <title>Northern Star Resources Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000NST8"/>
          <ticker value="NST"/>
          <other otherDesc="SEDOL" value="6717456"/>
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        <balance>8467.00000000</balance>
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        <pctVal>0.263399859787</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Coloplast AS</name>
        <lei>529900NN7SOJ5QG82X67</lei>
        <title>Coloplast AS SER'B'DKK1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DK0060448595"/>
          <ticker value="COLOB"/>
          <other otherDesc="SEDOL" value="B8FMRX8"/>
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        <balance>795.00000000</balance>
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        <currencyConditional curCd="DKK" exchangeRt="6.32800000"/>
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        <pctVal>0.088384106390</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Alfa Laval AB</name>
        <lei>549300UCKT2UK88AG251</lei>
        <title>Alfa Laval AB NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0000695876"/>
          <ticker value="ALFA"/>
          <other otherDesc="SEDOL" value="7332687"/>
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        <balance>1814.00000000</balance>
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        <currencyConditional curCd="SEK" exchangeRt="9.02260000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nippon Steel Corp.</name>
        <lei>35380065QWQ4U2V3PA33</lei>
        <title>Nippon Steel Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3381000003"/>
          <ticker value="5401"/>
          <other otherDesc="SEDOL" value="6642569"/>
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        <balance>29100.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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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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        <balance>688.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
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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>Pandora A/S</name>
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        <title>Pandora A/S DKK1</title>
        <cusip>000000000</cusip>
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          <isin value="DK0060252690"/>
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          <other otherDesc="SEDOL" value="B44XTX8"/>
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        <balance>506.00000000</balance>
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        <currencyConditional curCd="DKK" exchangeRt="6.32800000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CSL Ltd.</name>
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        <title>CSL Ltd. ORD NPV</title>
        <cusip>000000000</cusip>
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          <other otherDesc="SEDOL" value="6185495"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Unilever PLC</name>
        <lei>549300MKFYEKVRWML317</lei>
        <title>Unilever PLC ORD GBP0.035</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>3i Group PLC</name>
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        <title>3i Group PLC ORD GBP0.738636</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B1YW4409"/>
          <ticker value="III"/>
          <other otherDesc="SEDOL" value="B1YW440"/>
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        <balance>6069.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Reckitt Benckiser Group PLC</name>
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          <ticker value="RKT"/>
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        <invCountry>GB</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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          <ticker value="RMS"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Informa PLC</name>
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        <title>Informa PLC ORD GBP0.001</title>
        <cusip>000000000</cusip>
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          <ticker value="INF"/>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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      <invstOrSec>
        <name>Vodafone Group PLC</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>Vodafone Group PLC ORD USD0.2095238</title>
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          <ticker value="VOD"/>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Fujitsu Ltd.</name>
        <lei>3538000246DHJLRTUZ24</lei>
        <title>Fujitsu Ltd. NPV</title>
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          <isin value="JP3818000006"/>
          <ticker value="6702"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>OSAKA SECURITIES EXCHANGE</name>
        <lei>3538001249AILNPRUX57</lei>
        <title>TOPIX MINI TRADE FUTURE</title>
        <cusip>000000000</cusip>
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          <ticker value="FUT_TPXM_260312"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Sampo PLC</name>
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        <name>Elia Group SA/NV</name>
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        <name>Mitsubishi Chemical Group Corp.</name>
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        <name>HOYA Corp.</name>
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        <name>Sekisui House Ltd</name>
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        <name>Evolution Mining Ltd.</name>
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      <invstOrSec>
        <name>Jeronimo Martins - S.G.P.S., S.A.</name>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>CK INFRASTRUCTURE HOLDINGS LTD</name>
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        <title>CK Infrastructure Holdings Ltd. HKD1</title>
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          <isin value="BMG2178K1009"/>
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        <payoffProfile>Long</payoffProfile>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sumitomo Mitsui Financial Group Inc.</name>
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        <title>Sumitomo Mitsui Financial Group Inc. NPV</title>
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          <isin value="JP3890350006"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Aker BP ASA</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Galp Energia SGPS SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Indutrade AB</name>
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        <name>Holmen AB</name>
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        <name>Singapore Exchange Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Adidas AG</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <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>Shin-Etsu Chemical Co Ltd.</name>
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          <isin value="JP3371200001"/>
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        <name>Henkel AG &amp; Co. KGaA</name>
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        <name>Swiss Prime Site AG</name>
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        <name>Prysmian S.p.A.</name>
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        <name>AERCAP HOLDINGS NV</name>
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        <name>Xero Ltd.</name>
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        <name>Lotus Bakeries</name>
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        <name>Sandvik AB</name>
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        <name>Komatsu Ltd.</name>
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        <name>Ryohin Keikaku Co Ltd.</name>
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        <name>Mitsui Fudosan Co Ltd.</name>
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        <name>Shiseido Co Ltd.</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aena SME S.A.</name>
        <lei>959800R7QMXKF0NFMT29</lei>
        <title>Aena SME S.A. EUR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0105046017"/>
          <ticker value="AENA"/>
          <other otherDesc="SEDOL" value="BTMKJR0"/>
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        <balance>4463.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Telenor ASA</name>
        <lei>549300IM1QSBY4SLPM26</lei>
        <title>Telenor ASA ORD NOK6</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0010063308"/>
          <ticker value="TEL"/>
          <other otherDesc="SEDOL" value="4732495"/>
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        <balance>3815.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Denso Corp.</name>
        <lei>549300RYPA10CQM3QK38</lei>
        <title>Denso Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3551500006"/>
          <ticker value="6902"/>
          <other otherDesc="SEDOL" value="6640381"/>
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        <balance>10800.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Transurban Group</name>
        <lei>549300ZR71SUQ4VUTM79</lei>
        <title>Transurban Group STAPLED UNITS NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000TCL6"/>
          <ticker value="TCL"/>
          <other otherDesc="SEDOL" value="6200882"/>
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        <balance>19385.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Barratt Redrow PLC</name>
        <lei>2138006R85VEOF5YNK29</lei>
        <title>Barratt Redrow PLC ORD GBP0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0000811801"/>
          <ticker value="BTRW"/>
          <other otherDesc="SEDOL" value="0081180"/>
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        <balance>8250.00000000</balance>
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        <valUSD>40495.87000000</valUSD>
        <pctVal>0.058380045733</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Aviva PLC</name>
        <lei>YF0Y5B0IB8SM0ZFG9G81</lei>
        <title>Aviva PLC ORD GBP0.328947368</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BPQY8M80"/>
          <ticker value="AV/"/>
          <other otherDesc="SEDOL" value="BPQY8M8"/>
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        <balance>17968.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SEGRO PLC</name>
        <lei>213800XC35KGM9NFC641</lei>
        <title>SEGRO PLC ORD GBP0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B5ZN1N88"/>
          <ticker value="SGRO"/>
          <other otherDesc="SEDOL" value="B5ZN1N8"/>
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        <balance>7901.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Skanska AB</name>
        <lei>549300UINV5RINHGMG07</lei>
        <title>Skanska AB SER'B'NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0000113250"/>
          <ticker value="SKAB"/>
          <other otherDesc="SEDOL" value="7142091"/>
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        <currencyConditional curCd="SEK" exchangeRt="9.02260000"/>
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        <pctVal>0.095056227771</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ASX Ltd.</name>
        <lei>549300VSBVYUCBIQKT71</lei>
        <title>ASX Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000ASX7"/>
          <ticker value="ASX"/>
          <other otherDesc="SEDOL" value="6129222"/>
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        <balance>1164.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.40321300"/>
        <valUSD>43931.63000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>iShares Trust</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>iShares Trust ESG AWARE MSCI EAFE ETF</title>
        <cusip>46435G516</cusip>
        <identifiers>
          <isin value="US46435G5163"/>
          <ticker value="ESGD"/>
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        <balance>350.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>36477.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Aeroports de Paris</name>
        <lei>969500PJMBSFHYC37989</lei>
        <title>Aeroports de Paris EUR3</title>
        <cusip>000000000</cusip>
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          <isin value="FR0010340141"/>
          <ticker value="ADP"/>
          <other otherDesc="SEDOL" value="B164FY1"/>
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        <balance>196.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Coca-Cola HBC AG</name>
        <lei>549300EFP3TNG7JGVE49</lei>
        <title>Coca-Cola HBC AG ORD CHF6.70(CDI)</title>
        <cusip>000000000</cusip>
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          <isin value="CH0198251305"/>
          <ticker value="CCH"/>
          <other otherDesc="SEDOL" value="B9895B7"/>
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        <balance>1377.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Finecobank Banca Fineco S.p.A.</name>
        <lei>549300L7YCATGO57ZE10</lei>
        <title>Finecobank Banca Fineco S.p.A. EUR0.33</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0000072170"/>
          <ticker value="FBK"/>
          <other otherDesc="SEDOL" value="BNGN9Z1"/>
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        <balance>3831.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kingfisher PLC</name>
        <lei>213800KBMEV7I92FY281</lei>
        <title>Kingfisher PLC ORD GBP0.157142857</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0033195214"/>
          <ticker value="KGF"/>
          <other otherDesc="SEDOL" value="3319521"/>
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        <currencyConditional curCd="GBP" exchangeRt="0.74379800"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Obayashi Corp.</name>
        <lei>529900YT4O5S0LCXWD54</lei>
        <title>Obayashi Corp. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3190000004"/>
          <ticker value="1802"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nice Limited</name>
        <lei>254900YTY4EF5Z4W0A51</lei>
        <title>Nice Limited ILS1</title>
        <cusip>000000000</cusip>
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          <isin value="IL0002730112"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Essity AB</name>
        <lei>549300G8E6YUVJ1DA153</lei>
        <title>Essity AB SER'B'NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0009922164"/>
          <ticker value="ESSITYB"/>
          <other otherDesc="SEDOL" value="BF1K7P7"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ITOCHU Corp.</name>
        <lei>J48DJYXDTLHM30UMYI18</lei>
        <title>ITOCHU Corp. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3143600009"/>
          <ticker value="8001"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>DWS GOVERNMENT AND AGENCY SECURITIES PORTFOLIO DWS GOVERNMENT CASH INSTITUTIONAL SHARES</name>
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        <title>DWS GOVERNMENT AND AGENCY SECURITIES PORTFOLIO DWS GOVERNMENT CASH INSTITUTIONAL SHARES</title>
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          <ticker value="DBBXX"/>
          <other otherDesc="INTERNAL" value="99VVBC8K0"/>
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        <curCd>USD</curCd>
        <valUSD>119922.05000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Eurofins Scientific SE</name>
        <lei>529900JEHFM47DYY3S57</lei>
        <title>Eurofins Scientific SE EUR0.01</title>
        <cusip>000000000</cusip>
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          <isin value="FR0014000MR3"/>
          <ticker value="ERF"/>
          <other otherDesc="SEDOL" value="BNDPYV1"/>
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        <balance>738.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Swiss Life Holding AG</name>
        <lei>5493000KUC3Z24U77V93</lei>
        <title>Swiss Life Holding AG CHF0.1 (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
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          <ticker value="SLHN"/>
          <other otherDesc="SEDOL" value="7437805"/>
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        <balance>171.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kesko Oyj</name>
        <lei>743700OX6HSVMCAHPB95</lei>
        <title>Kesko Oyj SER'B'EUR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FI0009000202"/>
          <ticker value="KESKOB"/>
          <other otherDesc="SEDOL" value="4490005"/>
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        <balance>1643.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
        <valUSD>40466.14000000</valUSD>
        <pctVal>0.058337186084</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>Prudential PLC</name>
        <lei>5493001Z3ZE83NGK8Y12</lei>
        <title>Prudential PLC GBP0.05</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0007099541"/>
          <ticker value="PRU"/>
          <other otherDesc="SEDOL" value="0709954"/>
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        <balance>15652.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74379800"/>
        <valUSD>239368.08000000</valUSD>
        <pctVal>0.345080114528</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CAR Group Limited</name>
        <lei>5299009TFWZGH2AN7D11</lei>
        <title>CAR Group Limited NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000CAR3"/>
          <ticker value="CAR"/>
          <other otherDesc="SEDOL" value="BW0BGZ3"/>
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        <balance>2299.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.40321300"/>
        <valUSD>43449.91000000</valUSD>
        <pctVal>0.062638677300</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Legal &amp; General Group PLC</name>
        <lei>213800JH9QQWHLO99821</lei>
        <title>Legal &amp; General Group PLC ORD GBP0.025</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0005603997"/>
          <ticker value="LGEN"/>
          <other otherDesc="SEDOL" value="0560399"/>
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        <balance>35500.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.74379800"/>
        <valUSD>129486.10000000</valUSD>
        <pctVal>0.186670997310</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>QIAGEN NV</name>
        <lei>54930036WK3GMCN17Z57</lei>
        <title>QIAGEN NV ORD SHARES</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0015002SN0"/>
          <ticker value="QIA"/>
          <other otherDesc="SEDOL" value="BV6JKC9"/>
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        <balance>1222.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
        <valUSD>60540.58000000</valUSD>
        <pctVal>0.087277093420</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>STMICROELECTRONICS NV</name>
        <lei>213800Z8NOHIKRI42W10</lei>
        <title>STMicroelectronics N.V. NY REGISTRY</title>
        <cusip>861012102</cusip>
        <identifiers>
          <isin value="US8610121027"/>
          <ticker value="STM"/>
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        <balance>804.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>27022.44000000</valUSD>
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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>
      <invstOrSec>
        <name>Rakuten Group Inc.</name>
        <lei>529900IMXUCQKUL1H943</lei>
        <title>Rakuten Group Inc. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3967200001"/>
          <ticker value="4755"/>
          <other otherDesc="SEDOL" value="6229597"/>
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        <balance>9200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.12500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Lloyds Banking Group PLC</name>
        <lei>549300PPXHEU2JF0AM85</lei>
        <title>Lloyds Banking Group PLC ORD GBP0.1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0008706128"/>
          <ticker value="LLOY"/>
          <other otherDesc="SEDOL" value="0870612"/>
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        <balance>357388.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.74379800"/>
        <valUSD>492262.70000000</valUSD>
        <pctVal>0.709660489795</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OMV AG</name>
        <lei>549300V62YJ9HTLRI486</lei>
        <title>OMV AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AT0000743059"/>
          <ticker value="OMV"/>
          <other otherDesc="SEDOL" value="4651459"/>
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        <balance>894.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
        <valUSD>57843.96000000</valUSD>
        <pctVal>0.083389566151</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>Sino Land Co Ltd.</name>
        <lei>529900G5P51053HJVZ92</lei>
        <title>Sino Land Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0083000502"/>
          <ticker value="83"/>
          <other otherDesc="SEDOL" value="6810429"/>
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        <balance>22112.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.82215000"/>
        <valUSD>36127.07000000</valUSD>
        <pctVal>0.052081854243</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MS&amp;AD Insurance Group Holdings Inc.</name>
        <lei>529900CXROT5S2HMMP26</lei>
        <title>MS&amp;AD Insurance Group Holdings Inc. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3890310000"/>
          <ticker value="8725"/>
          <other otherDesc="SEDOL" value="B2Q4CS1"/>
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        <balance>7800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.12500000"/>
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        <pctVal>0.315176016469</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Evonik Industries AG</name>
        <lei>41GUOJQTALQHLF39XJ34</lei>
        <title>Evonik Industries AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000EVNK013"/>
          <ticker value="EVK"/>
          <other otherDesc="SEDOL" value="B5ZQ9D3"/>
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        <balance>1679.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
        <valUSD>29319.65000000</valUSD>
        <pctVal>0.042268075927</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>East Japan Railway Co.</name>
        <lei>353800SENYJ2DSM6PS44</lei>
        <title>East Japan Railway Co. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3783600004"/>
          <ticker value="9020"/>
          <other otherDesc="SEDOL" value="6298542"/>
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        <balance>5800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.12500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bunzl PLC</name>
        <lei>213800Q1Q9DV4L78UM09</lei>
        <title>Bunzl PLC ORD GBP0.32142857</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B0744B38"/>
          <ticker value="BNZL"/>
          <other otherDesc="SEDOL" value="B0744B3"/>
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        <balance>1972.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.74379800"/>
        <valUSD>58168.59000000</valUSD>
        <pctVal>0.083857562375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Prosus NV</name>
        <lei>635400Z5LQ5F9OLVT688</lei>
        <title>Prosus NV EUR0.05 (N SHARES)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0013654783"/>
          <ticker value="PRX"/>
          <other otherDesc="SEDOL" value="BJDS7L3"/>
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        <balance>7892.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
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        <pctVal>0.584480171285</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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      <invstOrSec>
        <name>ACS Actividades De Construccion Y Servicios S.A.</name>
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        <title>ACS Actividades De Construccion Y Servicios S.A. EUR0.5</title>
        <cusip>000000000</cusip>
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          <isin value="ES0167050915"/>
          <ticker value="ACS"/>
          <other otherDesc="SEDOL" value="B01FLQ6"/>
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        <balance>1046.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SKF AB</name>
        <lei>549300B6HWYEE57O8J84</lei>
        <title>SKF AB SER'B'NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0000108227"/>
          <ticker value="SKFB"/>
          <other otherDesc="SEDOL" value="B1Q3J35"/>
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        <balance>2043.00000000</balance>
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        <currencyConditional curCd="SEK" exchangeRt="9.02260000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Gecina SA</name>
        <lei>9695003E4MMA10IBTR26</lei>
        <title>Gecina SA EUR7.50</title>
        <cusip>000000000</cusip>
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          <isin value="FR0010040865"/>
          <ticker value="GFC"/>
          <other otherDesc="SEDOL" value="7742468"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
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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>Suncorp Group Ltd.</name>
        <lei>549300BVOKRTHDIWVT46</lei>
        <title>Suncorp Group Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000SUN6"/>
          <ticker value="SUN"/>
          <other otherDesc="SEDOL" value="6585084"/>
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        <currencyConditional curCd="AUD" exchangeRt="1.40321300"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sonova Holding AG</name>
        <lei>5299004A0QNX7FBNHS61</lei>
        <title>Sonova Holding AG CHF0.05 (REGD)</title>
        <cusip>000000000</cusip>
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          <isin value="CH0012549785"/>
          <ticker value="SOON"/>
          <other otherDesc="SEDOL" value="7156036"/>
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        <valUSD>82434.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GRAB HOLDINGS LTD</name>
        <lei>549300N4VQX83VPJF439</lei>
        <title>Grab Holdings Ltd. CLASS A ORD</title>
        <cusip>000000000</cusip>
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          <isin value="KYG4124C1096"/>
          <ticker value="GRAB"/>
          <other otherDesc="SEDOL" value="BP6NH40"/>
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        <balance>15321.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>64654.62000000</valUSD>
        <pctVal>0.093208015347</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sainsbury (J) PLC</name>
        <lei>213800VGZAAJIKJ9Y484</lei>
        <title>Sainsbury (J) PLC ORD GBP0.28571428</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B019KW72"/>
          <ticker value="SBRY"/>
          <other otherDesc="SEDOL" value="B019KW7"/>
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        <balance>11234.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Swiss RE AG</name>
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        <cusip>000000000</cusip>
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          <isin value="CH0126881561"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Rentokil Initial PLC</name>
        <lei>549300VN4WV7Z6T14K68</lei>
        <title>Rentokil Initial PLC ORD GBP0.01</title>
        <cusip>000000000</cusip>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Kubota Corporation</name>
        <lei>549300CSY4INHEHQQT13</lei>
        <title>Kubota Corporation NPV</title>
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          <isin value="JP3266400005"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EUREX DEUTSCHLAND</name>
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        <title>Micro(FSXE) EURO STOXX 50 Index Futures</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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                <issuerName>EURO STOXX 50</issuerName>
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      <invstOrSec>
        <name>Oriental Land Co Ltd.</name>
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        <title>Oriental Land Co Ltd. NPV</title>
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          <isin value="JP3198900007"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Intertek Group PLC</name>
        <lei>2138003GAT25WW1RN369</lei>
        <title>Intertek Group PLC ORD GBP0.01</title>
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          <isin value="GB0031638363"/>
          <ticker value="ITRK"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Kuehne &amp; Nagel International AG</name>
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        <title>Kuehne &amp; Nagel International AG CHF1 (REGD)</title>
        <cusip>000000000</cusip>
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          <isin value="CH0025238863"/>
          <ticker value="KNIN"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Stora Enso Oyj</name>
        <lei>7437000ZP669LKUTZ738</lei>
        <title>Stora Enso Oyj SER'R'NPV</title>
        <cusip>000000000</cusip>
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          <isin value="FI0009005961"/>
          <ticker value="STERV"/>
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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>Intesa Sanpaolo S.p.A.</name>
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        <title>Intesa Sanpaolo S.p.A. NPV</title>
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          <isin value="IT0000072618"/>
          <ticker value="ISP"/>
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        <balance>84184.00000000</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>AstraZeneca PLC</name>
        <lei>PY6ZZQWO2IZFZC3IOL08</lei>
        <title>AstraZeneca PLC ORD USD0.25</title>
        <cusip>000000000</cusip>
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          <isin value="GB0009895292"/>
          <ticker value="AZN"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Eneos Holdings Inc</name>
        <lei>3538001KQ5SAOZSQTT44</lei>
        <title>Eneos Holdings Inc NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3386450005"/>
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          <other otherDesc="SEDOL" value="B627LW9"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Unicharm Corp.</name>
        <lei>353800UQ4BZIJTAQEG85</lei>
        <title>Unicharm Corp. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3951600000"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Seibu Holdings Inc</name>
        <lei>353800JY9TYV9WTCN620</lei>
        <title>Seibu Holdings Inc NPV</title>
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          <isin value="JP3417200007"/>
          <ticker value="9024"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Chocoladefabriken Lindt &amp; Spruengli AG</name>
        <lei>529900JYJNNOKKAGK736</lei>
        <title>Chocoladefabriken Lindt &amp; Spruengli AG CHF10 (PTG CERT)</title>
        <cusip>000000000</cusip>
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          <isin value="CH0010570767"/>
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        <assetCat>EP</assetCat>
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        <invCountry>CH</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Vestas Wind Systems AS</name>
        <lei>549300DYMC8BGZZC8844</lei>
        <title>Vestas Wind Systems AS DKK0.20</title>
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        <assetCat>EC</assetCat>
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        <invCountry>DK</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ashtead Group PLC</name>
        <lei>2138007UTBN8X9K1A235</lei>
        <title>Ashtead Group PLC ORD GBP0.10</title>
        <cusip>000000000</cusip>
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          <ticker value="AHT"/>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>

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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tisi Inc.</name>
        <lei>35380064HYEZXBQHDF07</lei>
        <title>Tisi Inc. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3104890003"/>
          <ticker value="3626"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>MTU Aero Engines AG</name>
        <lei>529900807L67JY81RD65</lei>
        <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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      <invstOrSec>
        <name>Alcon AG</name>
        <lei>549300LDT5AP8S0NBM78</lei>
        <title>Alcon AG CHF0.04</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Fortescue Ltd.</name>
        <lei>529900VEJFORCO6I4826</lei>
        <title>Fortescue Ltd. NPV</title>
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        <invCountry>AU</invCountry>
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      </invstOrSec>
      <invstOrSec>
        <name>SGS SA</name>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Volvo AB</name>
        <lei>549300HGV012CNC8JD22</lei>
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          <isin value="SE0000115446"/>
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      <invstOrSec>
        <name>ANA Holdings Inc.</name>
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          <isin value="JP3429800000"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Endesa SA - Empresa Nacional Electricidad</name>
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          <isin value="ES0130670112"/>
          <ticker value="ELE"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Telia Company AB</name>
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          <isin value="SE0000667925"/>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Kingspan Group PLC</name>
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          <isin value="IE0004927939"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SoftBank Corp</name>
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          <isin value="JP3732000009"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CapitaLand Ascendas REIT</name>
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          <isin value="SG1M77906915"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>SG</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Isuzu Motors Ltd.</name>
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        <title>Isuzu Motors Ltd. NPV</title>
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          <isin value="JP3137200006"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EssilorLuxottica SA</name>
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          <isin value="FR0000121667"/>
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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>Axa SA</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Svenska Cellulosa Aktiebolaget SCA (publ)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Kone Oyj</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Fuji Electric Co., Ltd.</name>
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          <isin value="JP3820000002"/>
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        <name>EDP SA</name>
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        <invCountry>PT</invCountry>
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        <name>Meridian Energy Ltd.</name>
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        <name>Logitech International SA</name>
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        <name>KBC Group NV</name>
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        <title>KBC Group NV NPV</title>
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        <name>ANZ Group Holdings Ltd.</name>
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        <name>Daiichi Sankyo Co Ltd.</name>
        <lei>353800XGIU2IHQGC9504</lei>
        <title>Daiichi Sankyo Co Ltd. NPV</title>
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        <name>NEC Corp.</name>
        <lei>5493000QYMPFRTEY4K28</lei>
        <title>NEC Corp. NPV</title>
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          <ticker value="6701"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Spirax Group PLC</name>
        <lei>213800WFVZQMHOZP2W17</lei>
        <title>Spirax Group PLC ORD GBP0.269230769</title>
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        <name>INPOST SA</name>
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        <name>LEG Immobilien SE</name>
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        <name>Geberit AG</name>
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        <name>Daikin Industries Ltd.</name>
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        <name>Epiroc AB</name>
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        <name>Nomura Holdings Inc.</name>
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        <name>Associated British Foods PLC</name>
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        <name>Moncler S.p.A.</name>
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      <invstOrSec>
        <name>Neste Oyj</name>
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        <name>Goodman Group</name>
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      <invstOrSec>
        <name>Fast Retailing Co Ltd.</name>
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      <invstOrSec>
        <name>Ajinomoto Co Inc.</name>
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        <name>Orkla ASA</name>
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        <name>Assa Abloy AB</name>
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        <name>Norsk Hydro ASA</name>
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        <name>Vonovia SE</name>
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        <name>Danone SA</name>
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      <invstOrSec>
        <name>Toray Industries Inc.</name>
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        <name>Bridgestone Corp.</name>
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        <name>Symrise AG</name>
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        <name>NIBE Industrier AB</name>
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        <name>Elisa OYJ</name>
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        <name>Redeia Corporacion S.A.</name>
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        <name>MTR Corp Ltd.</name>
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        <name>Daifuku Co Ltd.</name>
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        <name>Autotrader Group PLC</name>
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        <name>Matsukiyococokara &amp; Co.</name>
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        <name>Covivio SA</name>
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      <invstOrSec>
        <name>Svenska Handelsbanken AB</name>
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      <invstOrSec>
        <name>LY Corporation</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hong Kong &amp; China Gas Co Ltd. (Towngas)</name>
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          <isin value="HK0003000038"/>
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      <invstOrSec>
        <name>ABB Ltd.</name>
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      <invstOrSec>
        <name>Hankyu Hanshin Holdings Inc.</name>
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          <isin value="JP3774200004"/>
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        <name>Getlink SE</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Astellas Pharma Inc.</name>
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          <isin value="JP3942400007"/>
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      <invstOrSec>
        <name>Admiral Group PLC</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Secom Co Ltd</name>
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        <title>Secom Co Ltd NPV</title>
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          <isin value="JP3421800008"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Yamaha Motor Co Ltd.</name>
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          <isin value="JP3942800008"/>
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        <name>Standard Life PLC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Deutsche Lufthansa AG</name>
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        <name>Epiroc AB</name>
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        <name>Rexel, S.A.</name>
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        <name>Metso Oyj</name>
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        <name>Schroders PLC</name>
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      <invstOrSec>
        <name>Keppel Ltd.</name>
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        <name>Nitto Denko Corp.</name>
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        <name>Hitachi Ltd.</name>
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        <title>Hitachi Ltd. NPV</title>
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        <name>Panasonic Holdings Corp.</name>
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        <name>Munich Reinsurance AG</name>
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        <title>Munich Reinsurance AG NPV(REGD)</title>
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        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Dassault Systemes</name>
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        <title>Dassault Systemes EUR0.10</title>
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          <other otherDesc="SEDOL" value="BM8H5Y5"/>
        </identifiers>
        <balance>4203.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
        <valUSD>92054.12000000</valUSD>
        <pctVal>0.132707946157</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>Monotaro CoLtd</name>
        <lei>5299005JUER5ANXWTC33</lei>
        <title>Monotaro CoLtd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3922950005"/>
          <ticker value="3064"/>
          <other otherDesc="SEDOL" value="B1GHR88"/>
        </identifiers>
        <balance>1500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.12500000"/>
        <valUSD>19988.79000000</valUSD>
        <pctVal>0.028816431758</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AP Moller-Maersk</name>
        <lei>549300D2K6PKKKXVNN73</lei>
        <title>AP Moller-Maersk SER'B'DKK1000</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DK0010244508"/>
          <ticker value="MAERSKB"/>
          <other otherDesc="SEDOL" value="4253048"/>
        </identifiers>
        <balance>25.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.32800000"/>
        <valUSD>61927.15000000</valUSD>
        <pctVal>0.089276013804</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="54495.89127686"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Capitaland Investment Ltd.</name>
        <lei>254900AT4UQDU7SNXX49</lei>
        <title>Capitaland Investment Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SGXE62145532"/>
          <ticker value="CLI"/>
          <other otherDesc="SEDOL" value="BNHXFJ6"/>
        </identifiers>
        <balance>14100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.26485000"/>
        <valUSD>34111.55000000</valUSD>
        <pctVal>0.049176220909</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Melrose Industries PLC</name>
        <lei>213800RGNXXZY2M7TR85</lei>
        <title>Melrose Industries PLC ORD GBP0.001</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BNGDN821"/>
          <ticker value="MRO"/>
          <other otherDesc="SEDOL" value="BNGDN82"/>
        </identifiers>
        <balance>7283.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74379800"/>
        <valUSD>55401.08000000</valUSD>
        <pctVal>0.079867837981</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WHITBREAD PLC</name>
        <lei>21380099VMZKRMN3EX36</lei>
        <title>Whitbread Group PLC ORD GBP0.76797385</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B1KJJ408"/>
          <ticker value="WTB"/>
          <other otherDesc="SEDOL" value="B1KJJ40"/>
        </identifiers>
        <balance>1031.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74379800"/>
        <valUSD>36039.35000000</valUSD>
        <pctVal>0.051955394493</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LVMH Moet Hennessy Louis Vuitton SE</name>
        <lei>IOG4E947OATN0KJYSD45</lei>
        <title>LVMH Moet Hennessy Louis Vuitton SE EUR0.30</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000121014"/>
          <ticker value="MC"/>
          <other otherDesc="SEDOL" value="4061412"/>
        </identifiers>
        <balance>1514.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
        <valUSD>972622.97000000</valUSD>
        <pctVal>1.402162083938</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>Daiwa Securities Group Inc.</name>
        <lei>353800WRC7Y23PWFJG38</lei>
        <title>Daiwa Securities Group Inc. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3502200003"/>
          <ticker value="8601"/>
          <other otherDesc="SEDOL" value="6251448"/>
        </identifiers>
        <balance>8400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.12500000"/>
        <valUSD>88559.81000000</valUSD>
        <pctVal>0.127670445355</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tryg AS</name>
        <lei>213800ZRS8AC4LSTCE39</lei>
        <title>Tryg AS DKK5</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DK0060636678"/>
          <ticker value="TRYG"/>
          <other otherDesc="SEDOL" value="BXDZ972"/>
        </identifiers>
        <balance>2155.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.32800000"/>
        <valUSD>53330.12000000</valUSD>
        <pctVal>0.076882280701</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Asics Corp</name>
        <lei>3538002LJMRZ83SU0B85</lei>
        <title>Asics Corp NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3118000003"/>
          <ticker value="7936"/>
          <other otherDesc="SEDOL" value="6057378"/>
        </identifiers>
        <balance>4310.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.12500000"/>
        <valUSD>132343.57000000</valUSD>
        <pctVal>0.190790410704</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>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>450.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
        <valUSD>38387.54000000</valUSD>
        <pctVal>0.055340614753</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>HKT TRUST AND HKT LTD</name>
        <lei>N/A</lei>
        <title>HKT Trust &amp; HKT Ltd. HKD0.0005 SHARE STAPLED UNIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0000093390"/>
          <ticker value="6823"/>
          <other otherDesc="SEDOL" value="B4TXDZ3"/>
        </identifiers>
        <balance>23516.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.82215000"/>
        <valUSD>37098.17000000</valUSD>
        <pctVal>0.053481820769</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Compagnie Generale des Etablissements Michelin</name>
        <lei>549300SOSI58J6VIW052</lei>
        <title>Compagnie Generale des Etablissements Michelin EUR0.50 (POST SUBDIVISION)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR001400AJ45"/>
          <ticker value="ML"/>
          <other otherDesc="SEDOL" value="BPBPJ01"/>
        </identifiers>
        <balance>3979.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
        <valUSD>161611.52000000</valUSD>
        <pctVal>0.232983954380</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>West Japan Railway Co.</name>
        <lei>353800QGUXHZ7EBCR121</lei>
        <title>West Japan Railway Co. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3659000008"/>
          <ticker value="9021"/>
          <other otherDesc="SEDOL" value="6957995"/>
        </identifiers>
        <balance>2700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.12500000"/>
        <valUSD>58003.52000000</valUSD>
        <pctVal>0.083619592573</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitsui O.S.K. Lines Ltd.</name>
        <lei>353800P8O843TMAZ6S09</lei>
        <title>Mitsui O.S.K. Lines Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3362700001"/>
          <ticker value="9104"/>
          <other otherDesc="SEDOL" value="6597584"/>
        </identifiers>
        <balance>2000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.12500000"/>
        <valUSD>74273.82000000</valUSD>
        <pctVal>0.107075339001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STMICROELECTRONICS NV</name>
        <lei>213800Z8NOHIKRI42W10</lei>
        <title>STMicroelectronics N.V. EUR1.04</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0000226223"/>
          <ticker value="STMPA"/>
          <other otherDesc="SEDOL" value="5962332"/>
        </identifiers>
        <balance>3334.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
        <valUSD>111834.74000000</valUSD>
        <pctVal>0.161224273877</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>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>7090.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84695450"/>
        <valUSD>159177.80000000</valUSD>
        <pctVal>0.229475431538</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>
    </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>
</edgarSubmission>
